Man Group EMG.L
United KingdomFinancial Services · Asset ManagementLondon Stock Exchange · GBP
3.67 GBP (+12.3%)
11 analysts
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Man Group is a global alternative asset manager offering investment funds across strategies such as macro, quantitative, and equity, generating revenue from management and performance fees.
Listed on London Stock Exchange · Symbol EMG.L · LON: EMG · Currency GBP
Key points
from its scores- ✓Strong growth9.9
- ✓Good share-price trend9.4
- ✓Very solid balance sheet8.3
- ✕Demanding valuation4.9
AI analysis
bottom line, main risk, context and newsFundamentals are strong and valuation is not demanding, although momentum already reflects much of the growth.
Man Group shows solid financial health (ROE 21.32%, operating margin 27.69%) and exceptional growth (revenue +47.7%, earnings +297.7%), with an attractive valuation (forward P/E 9.07) and a sustainable dividend (net yield 3.98%). The rising rate environment does not materially affect its business model.
Dependence on performance fees tied to market volatility and the performance of its quantitative strategies, which can be volatile and impact revenues during periods of low volatility or poor results.
Context and risks
Man Group is a global alternative asset manager with exposure to equity, rates, and currency markets. The rise in long-term rates and dollar strength may affect the valuation of its assets under management and its performance margin, but there is no specific regulatory, geopolitical, or business model risk that justifies an additional adjustment beyond the UK governance risk already reflected.
Is Man Group stock cheap or expensive?
at the analysis dateOn P/E and Price / book, it trades 39% above the Financial Services median on average.
| Multiple | Company | Sector | Difference |
|---|---|---|---|
| P/E | 15.6 | 13.7 | +14% |
| EV / EBITDA | 9.7 | 10.1 | −4% |
| Price / book | 3.0 | 1.9 | +64% |
| Price / sales | 2.8 | 3.5 | −18% |
Sector: median of the 351 Financial Services companies analysed. In bold, the multiples used for the comparison.
Valuation score: 4.9 out of 10 (median for Financial Services: 5.2).
Average analyst target: 3.67 GBP, +12.3% versus the price.
A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 7.8 (sector 8.8), Growth 9.9 (sector 6.9).
Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.
Work out its fair value yourself →How much would you have made investing every month? →
Comparing it with its sector does not say whether it is a good buy: this is not investment advice.
Score by category
0 to 10 · hover overtap each one to see what it measuresKey metrics
at the analysis date · compared with the Financial Services medianValuation
- P/E
- 15.6
- Forward P/E
- 9.1
- EV / EBITDA
- 9.7
- Price / book
- 3.0
- Price / sales
- 2.8
- PEG
- 0.26
- Market cap
- 3.6B GBP
- Enterprise value
- 4.8B USD
Profitability
- ROE
- 21.3%
- ROA
- 6.7%
- ROIC (approx.)
- 24.9%
- Gross margin
- 43.1%
- Operating margin
- 27.7%
- Net margin
- 19.2%
- Free cash flow
- −99.1M USD
- FCF yield
- −2.1%
- Cash conversion
- −20%
Solvency
- Total debt
- 305.0M USD
- Net debt
- −8.0M USD
- Cash
- 313.0M USD
- EBITDA
- 494.0M USD
- Net debt / EBITDA
- −0.02
- Debt / equity
- 19.06
- Current ratio
- 2.40
- Quick ratio
- 1.83
Growth
- Revenue growth
- +47.7%
- Earnings growth
- +297.7%
- EPS (TTM)
- 0.21 GBP
- EPS (forward)
- 0.36 GBP
Dividend
- Dividend yield
- 4.0%
- Payout
- 60.7%
Risk and market
- Beta
- 0.59
- Analyst consensus
- Buy (11)
- Target price
- 3.67 GBP
Recent news
All EMG.L news →Compare it with its sector
All 351 in Financial Services →Frequently asked questions about Man Group
Is Man Group stock cheap or expensive?
On P/E and Price / book, it trades 39% above the Financial Services median on average. Valuation score: 4.9 out of 10 (median for Financial Services: 5.2). Average analyst target: 3.67 GBP, +12.3% versus the price. This is not investment advice.
What score does Man Group get on MeridIAn Screener?
It scores 7.8 out of 10, rank 19 of 2,130 (better than 99% of the companies analysed). Its strongest category is Growth (9.9) and its weakest, Valuation (4.9). Analysis of 08/10/2026.
What is Man Group's P/E ratio?
Its P/E is 15.6: the share price equals 15.6 times earnings per share over the last 12 months. The Financial Services median is 13.7. Based on the earnings analysts expect, the forward P/E is 9.1.
How much is Man Group worth on the stock market?
Its market capitalisation is 3.6B GBP.
Does Man Group pay a dividend?
Yes: its dividend yield is 3.98% and it pays out 61% of its earnings.
How has Man Group stock performed over the last year?
It has risen 73.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 0.00 and 3.49 GBP. Past performance does not guarantee future results.
What do analysts think of Man Group?
11 analysts cover it; their average recommendation is “Buy” and their average target is 3.67 GBP (+12.3% versus the price). It is an estimate, not market data.