Ameriprise Financial (AMP)
Forward P/E is 10.04x against a peer median of 11.52x, a ratio of 0.87x — below the 0.90x cheap edge of the fair range — with trailing P/E 11.81x and PEG 0.83. Latest-quarter revenue grew 12.9% year over year (PRIMARY, EDGAR), close to the cluster pace and not shrinking, so the value-trap check passes: the discount is not explained by falling revenue. Delivered demand check: the Asset management & custody banks group's median growth was 14.3% — demand rising, and Ameriprise is growing close to that pace.
What would change this label: Move to FAIRLY PRICED if the forward P/E rises to about 10.37x or above (0.90x the peer median) at unchanged estimates, or if revenue growth turns negative year over year — the value-trap condition that would remove the undervalued case. Move to OVERVALUED if the forward P/E rises above about 13.25x (1.15x the peer median) without a matching rise in growth.
Ameriprise, a wealth and asset management company, trades at about 10 times expected earnings, cheaper than similar companies at about 11.5 times, while its sales grew about 13%. It is growing, not shrinking, so the lower price looks like a genuine discount rather than a warning sign. On these numbers the shares look undervalued.
Both lines start at 100 on 2020-09-01. Over the full window Ameriprise Financial returned +213.60% and the S&P 500 +118.28% (price returns; dividends not reinvested). Worst peak-to-trough fall for Ameriprise Financial: -32.1% (2022-01-14 to 2022-07-14). Source: Nasdaq official daily history.
What the label rests on
Forward P/E is 10.04x against a peer median of 11.52x, a ratio of 0.87x — below the 0.90x cheap edge of the fair range — with trailing P/E 11.81x and PEG 0.83. Latest-quarter revenue grew 12.9% year over year (PRIMARY, EDGAR), close to the cluster pace and not shrinking, so the value-trap check passes: the discount is not explained by falling revenue. Delivered demand check: the Asset management & custody banks group's median growth was 14.3% — demand rising, and Ameriprise is growing close to that pace. The company’s forward P/E is 10.0× against a peer median of 11.5×. Its own history: UNVERIFIED — no sourced range available. Sector demand read: Delivered demand check: the Asset management & custody banks group's median latest-quarter revenue growth was 14.3% year over year (SEC filings) — demand rising. Latest-quarter sales growth was +12.9% versus a year earlier (SEC filings).
| Company | Price (Oct 28, 2026) | Forward P/E | Trailing P/E |
|---|---|---|---|
| Ameriprise Financial (AMP) | $488.77 | 10.0× | 11.8× |
| STT | $172.86 | 11.5× | 14.1× |
| NTRS | $171.42 | 13.6× | 13.4× |
| TROW | $103.68 | 10.2× | 10.4× |
| APO | $114.18 | 11.8× | 40.6× |
| BEN | $31.31 | 10.2× | 21.3× |
| Peer median | 11.5× |
Multiples: stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026. Peer set chosen by sector; the median is the middle value of the set. The label and its numbers were recorded in the programme’s label registry on Oct 28, 2026 and will be scored at 6 and 12 months.
Sales, profit and cash
This company does not report a gross-profit line in its SEC facts (normal for banks, payment networks and some health insurers), so profit is shown as net income instead — gross margin is marked UNVERIFIED-absent rather than estimated.
Free cash flow = cash from operations minus spending on plant and equipment, both from the company’s SEC cash-flow statement. Gaps are quarters where that spending line is not separately tagged in the filings — shown as gaps, never estimated.
| Quarter | Sales | Gross margin | Net income | EPS (GAAP, diluted) | Free cash flow |
|---|---|---|---|---|---|
| Q/E Jun 2026 2026-06-30 | $4.9B | — | $1.1B | 11.98 | $2.8B |
| Q/E Mar 2026 2026-03-31 | $4.8B | — | $915M | 9.68 | $430M |
| Q/E Dec 2025 2025-12-31 | $5.0B | — | $1.0B | — | $2.6B |
| Q/E Sep 2025 2025-09-30 | $4.8B | — | $912M | 9.33 | $2.2B |
| Q/E Jun 2025 2025-06-30 | $4.4B | — | $1.1B | 10.73 | $1.7B |
| Q/E Mar 2025 2025-03-31 | $4.4B | — | $583M | 5.83 | $1.6B |
| Q/E Dec 2024 2024-12-31 | $4.5B | — | $1.1B | — | $325M |
| Q/E Sep 2024 2024-09-30 | $4.4B | — | $511M | 5.00 | $3.0B |
| Q/E Jun 2024 2024-06-30 | $4.2B | — | $829M | 8.02 | $1.7B |
| Q/E Mar 2024 2024-03-31 | $4.1B | — | $990M | 9.46 | $1.4B |
| Q/E Dec 2023 2023-12-31 | $4.0B | — | $377M | 3.57 | $2.1B |
| Q/E Sep 2023 2023-09-30 | $3.9B | — | $872M | 8.14 | $875M |
The last twelve reported quarters. Full 24-quarter history sits in the data pack behind this page. A dash means the figure is not tagged as a standalone quarter in the company’s SEC facts (the usual case is the fourth quarter, which many companies only report inside the full-year filing) — it is missing, not zero.
Earnings: getting better or worse?
Each box is one quarter’s earnings per share (EPS). Green means EPS was higher than the same quarter a year earlier; red means lower; a dash means the figure is not tagged in the filings.
Basis: GAAP diluted EPS from SEC company facts, compared with the same quarter a year earlier.
Key facts
| Item | Value |
|---|---|
| Company (legal name in filings) | AMERIPRISE FINANCIAL INC |
| Chief executive | James Cracchiolo (source: https://en.wikipedia.org/wiki/James_Cracchiolo) |
| Sector | Financials — Asset Management & Custody Banks — provides wealth management, asset management and financial advice to clients |
| Share price (Oct 28, 2026) | $488.77 |
| Market value (market cap) | $43.5B — share price times shares outstanding of 88,333,219 (SEC filings; SEC EDGAR dei EntityCommonStockSharesOutstanding (latest)) |
| Sales, last twelve months | $19.5B |
| Net income, last twelve months | $3.9B |
| Free cash flow, last twelve months | $8.1B |
| Latest reported quarter | Q/E Jun 2026 (of 24 quarters in the data pack) |
| Six-year price return vs S&P 500 | +213.60% vs +118.28% |
| Worst peak-to-trough fall | -32.1% (2022-01-14 to 2022-07-14) |
What we could not verify
- Gross profit / gross margin: not tagged as a standalone line in this company's EDGAR company facts (common for banks, payment networks and some healthcare payers) — shown as UNVERIFIED-absent; the page charts revenue and net income instead.
- TTM GAAP diluted EPS could not be summed from company facts because at least one of the last four quarters (typically Q4) has no standalone tagged EPS; trailing P/E is therefore taken from the labelled secondary source in valuation_label.md.
- Own-history P/E range not yet compiled for this company in the Phase 1 batch run; the label rests on peer-median, growth and PEG evidence.
- Guidance record (each quarter scored against the guidance the company gave the quarter before) is not yet compiled for this company — it is a Phase 2 layer. The earnings strip below therefore uses reported EPS versus a year earlier, which is fully sourced from filings.
The IT factor — the most exciting thing the market is overlooking — is not assessed on an X-Ray page. It belongs to the Deep Dive (Phase 2), where it gets the evidence standard it needs. Leadership-era scoring (the six years split by chief executive) is likewise a Phase 2 layer; this page names the current chief executive only, from a sourced profile.
Sources
- SEC EDGAR submissions — Filing index; company legal name.
https://data.sec.gov/submissions/CIK0000820027.json - SEC EDGAR company facts — Quarterly financial spine: revenue, gross profit, net income, GAAP diluted EPS, operating cash flow, PP&E capex, buybacks, dividends, diluted shares.
https://data.sec.gov/api/xbrl/companyfacts/CIK0000820027.json - Nasdaq official daily history — Daily closes for the company; SPY (assetclass=etf) saved as raw/nasdaq_spy_raw.json over identical dates.
https://api.nasdaq.com/api/quote/AMP/historical?assetclass=stocks - Valuation multiples and peer figures — stockanalysis.com (SECONDARY, S&P Global data), fetched Oct 28, 2026; see valuation_label.md in the data pack.
Conventions: earliest-filed value per period, as first reported; cash-flow years-to-date differenced quarter by quarter; EPS never differenced; free cash flow = operating cash flow minus plant-and-equipment spending. This page is a dated snapshot — updates are new versions, never silent edits.