Ameriprise Financial Inc (AMP) stock analysis
Close on Nov 11, 2026Market cap $45.15BP/E 11.7Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Solid18 of 30 checks passed
Ameriprise Financial passes 18 of the 30 checks behind our score; 5 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 5/6
- Growth
- 1/6
- Past performance
- 5/6
- Financial health
- 4/6
- Dividend
- 3/6
What stands out
Margin of safety over 20%
The price is 29.6% below fair value, more than the 20% cushion we look for.
Trading below fair value
The share price of $520.06 is below our fair value estimate of $738.56.
Return on equity over 15%
Return on equity was 72.0% over the last twelve months and averaged 64.8% over five years.
No debt
Ameriprise Financial has no borrowings on its latest balance sheet.
What to watch
Revenue growing under 10% a year
Revenue grew 9.7% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 9.4% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew 14.8% over the last twelve months, against a 5-year average of 18.4% a year.
Elevated bankruptcy risk
The Altman Z-score is 0.47; above 3 is the safe zone and below 1.8 the distress zone.
Valuation5/6
P/E below its 5-year median
Ameriprise Financial's P/E of 11.7 is below its own 5-year median of 13.1.
P/E below the industry
Ameriprise Financial's P/E of 11.7 is below the Services Allied with the Exchange of Securities median of 21.0.
EV/EBITDA below its 5-year median
Ameriprise Financial's EV/EBITDA of 6.4 is below its 5-year median of 7.8.
P/B above the industry
Ameriprise Financial's price-to-book of 8.84 is above the Services Allied with the Exchange of Securities median of 3.70.
Trading below fair value
The share price of $520.06 is below our fair value estimate of $738.56.
Margin of safety over 20%
The price is 29.6% below fair value, more than the 20% cushion we look for.
Growth1/6
Revenue growing under 10% a year
Revenue grew 9.7% a year over the last three fiscal years, short of the 10% we look for.
EPS growing under 10% a year
Diluted EPS grew 9.4% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew 14.8% over the last twelve months, against a 5-year average of 18.4% a year.
Growing faster than the industry
Revenue grew 8.8% over the last twelve months; the Services Allied with the Exchange of Securities median is 8.7%.
Guidance issued
The latest outlook (full year 2026 operating effective tax rate, Oct 29, 2026) was issued for the first time, so it neither adds nor takes away points.
Gross margin trend
This company does not report gross profit.
Past performance5/6
Return on equity over 15%
Return on equity was 72.0% over the last twelve months and averaged 64.8% over five years.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
Ameriprise Financial's return on equity of 72.0% is above the Services Allied with the Exchange of Securities median of 15.7%.
Earnings grew over 5 years
Net income grew 18.4% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 20.7% over the last twelve months, against a 5-year average of 20.2%.
Net margin above the industry
Ameriprise Financial's net margin of 20.7% is above the Services Allied with the Exchange of Securities median of 16.3%.
Financial health4/6
No debt
Ameriprise Financial has no borrowings on its latest balance sheet.
Debt not rising
With no debt today, leverage cannot have risen.
Debt covered by cash flow
There is no debt to cover.
Interest well covered
No meaningful interest expense to cover.
Short-term liquidity
The balance sheet is not split into current and non-current items.
Elevated bankruptcy risk
The Altman Z-score is 0.47; above 3 is the safe zone and below 1.8 the distress zone.
Dividend3/6
Pays a dividend
Ameriprise Financial paid dividends worth 1.0% of the share price over the last twelve months.
Yield below Treasuries
The 1.0% yield is below the 4.4% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; Ameriprise Financial yields 1.0%.
Dividend stability
Fewer than five years of dividend history.
Covered by earnings
Dividends take 14.4% of net income.
Covered by free cash flow
Dividends take 8.2% of free cash flow.
Fair value
How we estimate itOur estimate per share
$738.56
The share price is 30% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 17.0× | 13.1× | 21.0× | $757.37 | 44% |
| EV/EBITDA | 9.9× | 7.8× | 12.0× | $741.57 | 39% |
| Earnings power | 10.8% cost of equity | – | – | $681.40 | 17% |
| Fair value | $738.56 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 13.1
- Services Allied with the Exchange of Securities median 21.0
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $282.27M
- Value traded per 1% price move
- $232.94M
Downside
Low risk
- Typical loss in a bad month
- 12.9%
- Volatility (annualized)
- 27%
- Sharpe ratio, 1 year
- 0.33
- Beta to the S&P 500 (5Y)
- 1.18
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2011 to 2025
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.5% | +9.7% | +9.6% | +4.5% | |
| Net income | +4.8% | +4.2% | +18.4% | +8.6% | |
| EPS, diluted | +9.8% | +9.4% | +24.4% | +15.6% | |
| Free cash flow | +27.1% | +24.5% | +12.8% | +12.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 19.5% | 25.5% | 60.5% | |
| Return on assets | 0.9% | 1.0% | 1.9% | |
| Capex to revenue | 0.8% | 1.2% | 0.9% | |
| Diluted shares | 168M | 126M | 98M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ameriprise Financial generated $27.34B from operations and spent $15.08B on capital expenditure, dividends and share buybacks. 5% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.8% | 0.10× | 31.61× | 60.5% |
| FY2024 | 19.0% | 0.10× | 35.81× | 68.3% |
| FY2023 | 15.9% | 0.10× | 39.15× | 59.9% |
| FY2022 | 22.0% | 0.09× | 38.96× | 72.9% |
| FY2021 | 25.5% | 0.08× | 31.33× | 62.3% |
| FY2020 | 12.8% | 0.08× | 26.38× | 25.5% |
| FY2019 | 14.4% | 0.09× | 25.14× | 32.9% |
| FY2018 | 16.2% | 0.09× | 24.58× | 36.2% |
| FY2017 | 12.2% | 0.08× | 23.39× | 24.1% |
| FY2016 | 11.1% | 0.08× | 21.15× | 19.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$3.56B
- Cash generatingOperating cash flow above zero$8.32B
- Return on assets improvedROA up on the prior year1.9% → 2.0%
- Earnings backed by cashOperating cash flow above net income$8.32B vs $3.56B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise103M → 98M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.10 → 0.10
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