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U.S. Asset Management Industry Analysis

UpdatedJun 12, 2026
DataAggregated Company Financials
Companies338
  • 7D-0.1%
  • 3M13.8%
  • 1Y-0.5%
  • YTDn/a

Over the last 7 days, the Asset Management industry has remained flat, although notably Pershing Square declined by 12%. In line with that, the industry has also been flat over the past 12 months. Looking forward, earnings are forecast to grow by 17% annually.

Industry Valuation and Performance

Has the U.S. Asset Management Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 12 Jun 2026US$918.5bUS$249.9bUS$36.7b51.1x25x3.7x
Sun, 10 May 2026US$931.5bUS$249.6bUS$36.9b58.4x25.3x3.7x
Tue, 07 Apr 2026US$830.7bUS$248.4bUS$34.1b51x24.4x3.3x
Thu, 05 Mar 2026US$865.0bUS$248.2bUS$34.2b29.6x25.3x3.5x
Sat, 31 Jan 2026US$983.1bUS$203.6bUS$32.3b30.6x30.4x4.8x
Mon, 29 Dec 2025US$997.0bUS$199.8bUS$33.7b31.2x29.6x5x
Wed, 26 Nov 2025US$902.6bUS$199.5bUS$33.5b28.7x26.9x4.5x
Fri, 24 Oct 2025US$964.5bUS$199.4bUS$33.6b30.5x28.7x4.8x
Sun, 21 Sep 2025US$1.0tUS$176.8bUS$33.4b31.1x31.2x5.9x
Tue, 19 Aug 2025US$1.0tUS$177.5bUS$33.3b28.6x30x5.6x
Thu, 17 Jul 2025US$961.9bUS$171.6bUS$34.0b33.6x28.3x5.6x
Sat, 14 Jun 2025US$874.9bUS$170.4bUS$33.7b33.1x26x5.1x
Mon, 12 May 2025US$800.7bUS$170.6bUS$33.6b31.6x23.8x4.7x
Wed, 09 Apr 2025US$714.0bUS$174.3bUS$34.7b31.9x20.6x4.1x
Fri, 07 Mar 2025US$864.7bUS$174.4bUS$34.6b17.4x25x5x
Sun, 02 Feb 2025US$995.2bUS$173.9bUS$33.4b18.2x29.8x5.7x
Tue, 31 Dec 2024US$946.2bUS$168.6bUS$29.5b19.5x32x5.6x
Thu, 28 Nov 2024US$995.4bUS$168.6bUS$29.5b19.5x33.7x5.9x
Sat, 26 Oct 2024US$915.9bUS$164.7bUS$29.7b20.8x30.9x5.6x
Mon, 23 Sep 2024US$842.3bUS$158.6bUS$29.4b20.4x28.6x5.3x
Wed, 21 Aug 2024US$773.3bUS$159.5bUS$29.6b19.1x26.1x4.8x
Fri, 19 Jul 2024US$766.0bUS$157.7bUS$29.7b19.4x25.8x4.9x
Sun, 16 Jun 2024US$705.6bUS$156.2bUS$29.1b19.1x24.3x4.5x
Tue, 14 May 2024US$732.5bUS$155.9bUS$29.1b21.6x25.1x4.7x
Thu, 11 Apr 2024US$745.2bUS$144.6bUS$27.0b19.9x27.6x5.2x
Sat, 09 Mar 2024US$713.3bUS$144.6bUS$27.0b18.2x26.4x4.9x
Mon, 05 Feb 2024US$758.6bUS$143.3bUS$28.9b28.4x26.3x5.3x
Wed, 03 Jan 2024US$753.1bUS$143.2bUS$30.7b28.3x24.5x5.3x
Fri, 01 Dec 2023US$686.0bUS$143.2bUS$30.7b27.8x22.4x4.8x
Sun, 29 Oct 2023US$585.5bUS$140.4bUS$29.3b28.2x20x4.2x
Tue, 26 Sep 2023US$653.2bUS$138.1bUS$28.1b28.7x23.2x4.7x
Thu, 24 Aug 2023US$638.6bUS$138.1bUS$28.2b28.8x22.7x4.6x
Sat, 22 Jul 2023US$687.5bUS$130.8bUS$24.5b33.5x28x5.3x
Mon, 19 Jun 2023US$647.1bUS$128.1bUS$23.6b33.4x27.5x5.1x
Price to Earnings Ratio

27.5x


Total Market Cap: US$647.1bTotal Earnings: US$23.6bTotal Revenue: US$128.1bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Asset Management Industry Price to Earnings3Y Average 26.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the American Asset Management and Custody Banks industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 26.5x.
  • The 3-year average PS ratio of 4.9x is higher than the industry's current PS ratio of 3.7x.
Past Earnings Growth
  • The earnings for companies in the Asset Management and Custody Banks industry have grown 16% per year over the last three years.
  • Revenues for these companies have grown 25% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does U.S. Asset Management compare with similar industries?

US Market-2.36%
Financials0.99%
Capital Markets-0.85%
Asset Management-0.13%
Diversified Capital Markets2.98%
Financial Exchanges and Data-0.92%
Investment Banking and Brokerage-1.37%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
BX BlackstoneUS$120.882.0%
+US$1.8b		-14.1%PE31.1x
GLXY Galaxy DigitalUS$33.2717.1%
+US$930.7m		71.3%PS0.1x
STT State StreetUS$164.851.3%
+US$581.2m		68.9%PE16.2x
ARES Ares ManagementUS$132.821.8%
+US$523.2m		-22.2%PE53.3x
CG Carlyle GroupUS$44.552.3%
+US$367.2m		-6.6%PE29.3x

Latest News

ARES
US$132.82
Ares Management
7D
1.8%
1Y
-22.2%
NTRS
US$170.75
Northern Trust
7D
-1.3%
1Y
56.6%
BLK
US$1,016.58
BlackRock
7D
-0.6%
1Y
2.9%
GLXY
US$33.27
Galaxy Digital
7D
17.1%
1Y
71.3%
WLTH
US$8.82
Wealthfront
7D
-23.3%
1Y
n/a
Seeking Alpha • Jun 11

Wealthfront Corporation: Platform Value Has Increased (Stay Buy Rated)

Summary Wealthfront Corporation remains a buy as platform depth and cross-product adoption strengthen the long-term equity story. Q1 saw mixed results: revenue was up 7% y/y to $90.5M, but margin pressure and slower cash management growth persisted. Investment advisory revenue grew 32% y/y, with assets up 39% y/y, highlighting WLTH's shift from a cash-yield product. Valuation at 15.1x forward P/E appears attractive, with 26% upside if WLTH reverts to its historical premium. Read the full article on Seeking Alpha
BNY
US$142.09
Bank of New York Mellon
7D
-1.3%
1Y
58.4%
CG
US$44.55
Carlyle Group
7D
2.3%
1Y
-6.6%
BX
US$120.88
Blackstone
7D
2.0%
1Y
-14.1%
Seeking Alpha • Jun 10

Blackstone: The Market Is Selling Over A Problem That Doesn't Exist

Summary Blackstone Inc. (BX) is rated a Buy, offering quality growth at discounted valuations despite sector-wide private credit concerns. BX's diversified model, robust credit underwriting, and focus on investment-grade secured debt position it to absorb private credit shocks better than peers. Key growth catalysts in AI/data center infrastructure, 401(k) regulatory changes, and perpetual capital, are not fully priced into BX shares. Fee-related earnings are compounding, with forward EPS growth at 16.75% and a trailing P/E of ~19.5, below the 5-year average. Read the full article on Seeking Alpha
STT
US$164.85
State Street
7D
1.3%
1Y
68.9%
CNS
US$76.02
Cohen & Steers
7D
3.4%
1Y
-1.7%
AMG
US$344.33
Affiliated Managers Group
7D
2.8%
1Y
87.1%
AMP
US$450.38
Ameriprise Financial
7D
-1.0%
1Y
-12.6%
STEP
US$42.52
StepStone Group
7D
-8.3%
1Y
-24.6%
TROW
US$108.27
T. Rowe Price Group
7D
1.2%
1Y
14.5%
PS
US$33.57
Pershing Square
7D
-12.4%
1Y
n/a
OWL
US$9.72
Blue Owl Capital
7D
-4.6%
1Y
-49.4%
Narrative Update • Jun 05

OWL: Private Credit And Real Assets Expansion Will Reset Sentiment Upside

Analysts have kept Blue Owl Capital's blended price target broadly steady, with a modest net adjustment of about $0.50. They are balancing recent target increases and cuts against updated views on earnings resilience and valuation multiples.