GCM Grosvenor Inc. (GCMG) stock analysis
Close on Nov 13, 2026Market cap $2.74BP/E –Yield 3.33%
StockData Score
Prices as of Nov 13, 2026How the score works
Mixed11 of 30 checks passed
GCM Grosvenor passes 11 of the 30 checks behind our score; 10 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
- 1/6
- Growth
- 1/6
- Past performance
- 3/6
- Financial health
- 5/6
- Dividend
- 1/6
What stands out
No debt
GCM Grosvenor has no borrowings on its latest balance sheet.
Earnings grew over 5 years
Net income grew 62.1% a year on average over the last five fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 14.5% a year over the last three fiscal years.
Interest well covered
No meaningful interest expense to cover.
What to watch
Margin of safety under 20%
The price is 26.4% above fair value, so there is no margin of safety.
Trading above fair value
The share price of $13.50 is above our fair value estimate of $10.68.
Revenue growing under 10% a year
Revenue grew 7.7% a year over the last three fiscal years, short of the 10% we look for.
Earnings growth not accelerating
Net income grew 36.0% over the last twelve months, against a 5-year average of 62.1% a year.
Valuation1/6
P/E against its history
Not enough price and earnings history to compare.
P/E against the industry
Needs positive earnings and enough profitable companies in the industry.
EV/EBITDA below its 5-year median
GCM Grosvenor's EV/EBITDA of 15.7 is below its 5-year median of 16.5.
P/B above the industry
GCM Grosvenor's price-to-book of 82.73 is above the Services Allied with the Exchange of Securities median of 3.65.
Trading above fair value
The share price of $13.50 is above our fair value estimate of $10.68.
Margin of safety under 20%
The price is 26.4% above fair value, so there is no margin of safety.
Growth1/6
Revenue growing under 10% a year
Revenue grew 7.7% a year over the last three fiscal years, short of the 10% we look for.
EPS growing 10%+ a year
Diluted EPS grew 14.5% a year over the last three fiscal years.
Earnings growth not accelerating
Net income grew 36.0% over the last twelve months, against a 5-year average of 62.1% a year.
Growing slower than the industry
Revenue grew 6.6% over the last twelve months; the Services Allied with the Exchange of Securities median is 8.7%.
Company guidance
No outlook found in earnings releases from the last twelve months.
Gross margin trend
This company does not report gross profit.
Past performance3/6
Return on equity
Needs positive equity and five years of results.
Return on invested capital
Needs operating income and invested capital.
Return on equity above the industry
GCM Grosvenor's return on equity of 360% is above the Services Allied with the Exchange of Securities median of 15.7%.
Earnings grew over 5 years
Net income grew 62.1% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 8.0% over the last twelve months, against a 5-year average of 4.6%.
Net margin below the industry
GCM Grosvenor's net margin of 8.0% is below the Services Allied with the Exchange of Securities median of 15.7%.
Financial health5/6
No debt
GCM Grosvenor 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.
Low bankruptcy risk
The Altman Z-score is 4.34; above 3 is the safe zone and below 1.8 the distress zone.
Dividend1/6
Pays a dividend
GCM Grosvenor paid dividends worth 3.6% of the share price over the last twelve months.
Yield below Treasuries
The 3.6% yield is below the 4.7% on a 1-year Treasury.
Yield below the top quarter
The top quarter of US dividend payers yield 3.8% or more; GCM Grosvenor yields 3.6%.
Dividend stability
Fewer than five years of dividend history.
Earnings cover
Needs dividends paid and net income.
Cash-flow cover
Needs dividends paid and free cash flow.
Fair value
How we estimate itOur estimate per share
$10.68
The share price is 26% above this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| EV/EBITDA | 14.1× | 16.5× | 11.9× | $12.19 | 70% |
| Earnings power | 9.5% cost of equity | – | – | $7.16 | 30% |
| Fair value | $10.68 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Services Allied with the Exchange of Securities median 21.2
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
Medium risk
- Average value traded per day
- $5.49M
- Value traded per 1% price move
- $3.30M
Downside
Medium risk
- Typical loss in a bad month
- 16.8%
- Volatility (annualized)
- 37%
- Sharpe ratio, 1 year
- 0.34
- Beta to the S&P 500 (5Y)
- 0.88
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2017 to 2025
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.5% | +7.7% | +5.3% | – | |
| Operating income | +81.6% | +18.4% | – | – | |
| Net income | +142.7% | +31.8% | +62.1% | – | |
| EPS, diluted | +1300.0% | +14.5% | – | – | |
| Free cash flow | +32.6% | -6.7% | +21.2% | – | |
| Dividend per share | +2.3% | – | – | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -14449.4% | |
| Return on assets | – | 0.8% | 6.4% | |
| Interest coverage | – | -1.8× | 5.9× | |
| Capex to revenue | – | 0.3% | 1.5% | |
| Diluted shares | – | 184M | 197M |
Where the cash went
Fiscal 2021 to 2025, five years combined
GCM Grosvenor generated $819.69M from operations and spent $92.76M on capital expenditure, dividends and share buybacks. 33% 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 | 8.1% | 0.78× | -2271.49× | -14449.4% |
| FY2024 | 3.6% | 0.92× | -20.23× | -67.7% |
| FY2023 | 2.9% | 0.90× | -20.94× | -53.8% |
| FY2022 | 4.4% | 0.83× | -23.51× | -87.1% |
| FY2021 | 4.0% | 0.88× | -22.05× | -78.0% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
- ProfitableNet income above zero$45.37M
- Cash generatingOperating cash flow above zero$183.54M
- Return on assets improvedROA up on the prior year3.7% → 7.4%
- Earnings backed by cashOperating cash flow above net income$183.54M vs $45.37M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise191M → 197M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose1.02 → 0.91
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