Who are AMP's main competitors?

Named competitors: Insignia Financial (private or unlisted), Macquarie Group (MQG.AX), Commonwealth Bank (CBA.AX), Netwealth (NWL.AX). The cockpit's measured peer set (industry) also includes Eurazeo (RF.PA), Cohen & Steers (CNS), Nuvama Wealth Management (NUVAMA.NS), First Capital Securities (002797.SZ), Guotai Junan International (1788.HK), Mandatum (MANTA.HE).

Is AMP expensive compared with its peers?

On forward p/e it trades at 15.7× against a peer median of 17.3×, 10th cheapest of 19 in its peer set.

How has AMP stock performed?

Over six months to 6 Nov 2026 the shares returned +45.6% against +2.2% for the median peer; over one year +29.4%.

← CockpitCompetitor Analysis › AMP.AX AMP LimitedOpen in the cockpit ↗

AMP LimitedAMP.AXCompetitor analysis, valuation and peers

Australia · AUD·Financials›Investment Managers

Australian wealth manager offering superannuation, investment platforms, banking and advice after exiting life insurance.

≈ An Australian bank-cum-401(k) providerMomentum strong 78

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$3.69B

US dollars, full cap

Free float

94%

of shares outstanding

$/day

$22.1M

20-day average traded

Fwd P/E

15.7×

forward earnings

ROIC−WACC

n/a

WACC 5.8%

Hurdle

n/a

no reverse DCF

Next earnings

103 days

17 Feb 2027

Close · AUDA$2.22

1D+0.5%

1W-12.6%

1M-7.9%

3M-6.3%

6M+45.6%

YTD+22.0%

1Y+29.4%

ATR %4.6%

52w lowhigh16.7% off high

What AMP does

Australian wealth manager offering superannuation, investment platforms, banking and advice after exiting life insurance.

Earns fees on the superannuation (Australia's compulsory retirement savings) and investment balances it administers, plus the gap between loan interest and deposit costs at AMP Bank. Having sold its life-insurance arm to Resolution Life and broken up its asset-management arm, it is now a smaller platform-and-bank group.

In one line: An Australian bank-cum-401(k) provider.

Products and services

AMP Super
North investment platform
AMP Bank
NZ Wealth Management

Customers

Retail superannuation members
Financial advisers
Retail banking customers

Where it sits in the supply chain

Wealth management
Superannuation/platforms
Retail banking

What could go right

Superannuation guarantee rate increases
Bank loan book growth

What could go wrong

Member/fund outflows to industry super funds
Regulatory/compliance costs

Moat: narrow (scale, switching costs). Large superannuation back-book has inertia, but brand and adviser trust were damaged by past scandals.

Headquarters: Sydney, Australia · Founded: 1849

Named competitors

Insignia Financial private or unlisted
Macquarie Group MQG.AX
Commonwealth Bank CBA.AX
Netwealth NWL.AX

AMP at a glance

Size AMP (AMP.AX) is an Australia Financials company (Investment Managers) with a market value of $3.69B, the 85th largest of 316 Australia companies the cockpit tracks. Shares closed at A$2.22 on 6 Nov 2026.

Performance Over six months the shares gained 45.6%, against +2.2% for the median peer and +4.1% for the Australia market (cap-weighted) — highest of 21 in its peer set.

Growth Revenue fell 4.7% over the last twelve months (peer median +21.0%); the operating margin is -0.6% (peer median 31.1%).

Valuation It trades at 15.7× forward earnings against a peer median of 17.3× (10th cheapest of 19).

Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).

Relative performance

Six months, rebased to 100: AMP against the median of its 20 peers (local-currency closes).

AMP financials

Reported figures in AUD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	A$2.53B	A$2.54B	A$2.68B	A$2.58B	A$2.24B
Revenue growth	—	-5%	+4%	+15%	—
Gross profit	A$952M	A$864M	A$856M	A$821M	A$864M
EBITDA	n/a	A$41.0M	A$141M	-A$6.00M	-A$4.00M
Net income	A$189M	A$133M	A$150M	A$18.0M	A$404M
Free cash flow	-A$2.36B	-A$1.38B	A$171M	-A$105M	A$963M
Capital expenditure	A$40.0M	A$74.0M	A$47.0M	A$32.0M	A$30.0M
Total debt	n/a	A$29.6B	A$28.7B	A$28.9B	A$29.5B

Quarterly statements and history in the cockpit →

AMP competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

Up and to the right = strong over both horizons. AMP is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. AMP is the large dot.

AMP competitors and peer comparison

Head to head with its named competitors (AMP.AX vs MQG.AX vs CBA.AX vs NWL.AX)
Company	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g
AMP AMP.AX	$3.69B	+46%	-5%	-1%	15.7×	n/a
Macquarie MQG.AX	$63.5B	+5%	+5%	20%	18.1×	n/a
Commonwealth Bank of Australia CBA.AX	$194B	+9%	+1%	51%	24.7×	n/a
Netwealth NWL.AX	$3.31B	-13%	+21%	46%	34.1×	n/a

How AMP compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

AMP against its 20 peers (data as of 6 Nov 2026)
Measure	AMP.AX	Peer median	Rank in peer set
1-month return	-7.9%	+1.2%	3rd lowest of 21
6-month return	+45.6%	+2.2%	highest of 21
Distance from 52-week high	-16.7%	-16.3%	10th lowest of 21
Revenue growth (TTM)	-4.7%	+21.0%	3rd lowest of 20
Operating margin	-0.6%	31.1%	2nd lowest of 20
Forward P/E	15.7×	17.3×	10th cheapest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	Forward P/E	Req g	Delivered g
AMP AMP.AX	Australia	$3.69B	+46%	-5%	-1%	15.7×	n/a	n/a
Eurazeo RF.PA	France	$3.70B	+2%	+18%	-2%	28.7×	n/a	n/a
Cohen & Steers CNS	United States	$3.76B	+1%	+13%	33%	20.1×	n/a	n/a
Nuvama Wealth Management NUVAMA.NS	India	$3.61B	+25%	+13%	29%	26.2×	n/a	n/a
First Capital Securities 002797.SZ	China	$3.61B	-24%	-6%	22%	21.1×	n/a	n/a
Guotai Junan International 1788.HK	Hong Kong	$3.58B	+10%	+43%	65%	n/a	n/a	n/a
Mandatum MANTA.HE	Finland	$3.33B	-10%	+60%	8%	23.7×	n/a	n/a
Netwealth NWL.AX	Australia	$3.31B	-13%	+21%	46%	34.1×	n/a	n/a
Sealand Securities 000750.SZ	China	$3.30B	-12%	+2%	22%	n/a	n/a	n/a
Quilter QLT.L	United Kingdom	$3.30B	+5%	+191%	3%	15.0×	n/a	n/a
Anand Rathi Wealth ANANDRATHI.NS	India	$4.18B	+31%	+35%	41%	90.5×	n/a	n/a
Tikehau Capital SCA TKO.PA	France	$3.24B	-10%	+32%	31%	10.7×	n/a	n/a
Acadian Asset Management AAMI	United States	$3.23B	+33%	+25%	27%	15.4×	n/a	n/a
Artisan Partners Asset Management APAM	United States	$3.17B	+3%	+6%	36%	10.6×	n/a	n/a
AllianceBernstein Holding L.P AB	United States	$3.14B	-13%	n/a	n/a	9.6×	n/a	n/a
China Cinda Asset Management 1359.HK	Hong Kong	$4.36B	-21%	-25%	53%	11.7×	n/a	n/a
Man EMG.L	United Kingdom	$4.43B	+10%	+24%	28%	8.4×	n/a	n/a
AJ Bell AJB.L	United Kingdom	$3.04B	+13%	+19%	42%	19.2×	n/a	n/a
Sprott SII.TO	Canada	$2.96B	-17%	+88%	38%	25.6×	n/a	n/a
WisdomTree WT	United States	$2.94B	+2%	+45%	40%	15.4×	n/a	n/a
Federated Hermes FHI	United States	$4.73B	+14%	+13%	28%	10.9×	n/a	n/a

Questions

Who are AMP's main competitors?: Named competitors: Insignia Financial (private or unlisted), Macquarie Group (MQG.AX), Commonwealth Bank (CBA.AX), Netwealth (NWL.AX). The cockpit's measured peer set (industry) also includes Eurazeo (RF.PA), Cohen & Steers (CNS), Nuvama Wealth Management (NUVAMA.NS), First Capital Securities (002797.SZ), Guotai Junan International (1788.HK), Mandatum (MANTA.HE).
Is AMP expensive compared with its peers?: On forward p/e it trades at 15.7× against a peer median of 17.3×, 10th cheapest of 19 in its peer set.
How has AMP stock performed?: Over six months to 6 Nov 2026 the shares returned +45.6% against +2.2% for the median peer; over one year +29.4%.