Overview Dividends

(GAM) General American Investors - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US3688021043

Growth Stocks, Equity Securities, US Public

GAM EPS (Earnings per Share)

EPS Growth (3Y CAGR): 13.99%
EPS Trend (3Y Correlation): -13.2%

GAM Revenue

Revenue Growth (3Y CAGR): 134.23%
Revenue Trend (3Y Correlation): 16.8%

Risk via 10d forecast
Volatility	11.2%
Value at Risk 5%th	19.3%
Relative Tail Risk	4.71%

Reward TTM
Sharpe Ratio	1.37
Alpha	15.64

Character TTM
Hurst Exponent	0.367
Beta	0.672
Beta Downside	0.637

Drawdowns 3y
Max DD	14.90%
Mean DD	1.82%
Median DD	%

Description: GAM General American Investors November 12, 2025

General American Investors Company (NYSE:GAM) is a publicly traded investment manager that focuses on U.S. public equities, primarily growth-oriented stocks across a broad range of sectors including technology, financials, consumer staples, discretionary, retail, communications, industrials, health care, energy, and materials. The firm employs a bottom-up, fundamental analysis process supported by in-house research, and has been operating since its 1927 founding out of New York City.

As of the most recent filing, GAM reported assets under management of roughly $1.1 billion and a net expense ratio of 1.12 %, positioning it in the mid-range of fee structures for actively managed equity funds. The fund’s dividend yield has hovered around 1.6 % over the past twelve months, while its 3-year annualized return of approximately 9 % slightly outperforms the S&P 500’s 7 % return in the same period. Key macro drivers for GAM’s portfolio include U.S. consumer spending trends, the Federal Reserve’s interest-rate policy affecting growth-stock valuations, and sector-specific tailwinds such as accelerating cloud-computing adoption in technology and ongoing demand for renewable-energy infrastructure in the energy segment.

For a deeper, data-rich perspective on GAM’s valuation metrics and risk profile, you might explore the analytics available on ValueRay.

GAM Stock Overview

Market Cap in USD	1,462m
Sub-Industry	Asset Management & Custody Banks
IPO / Inception	1985-07-01
Return 12m vs S&P 500	11.8%
Analyst Rating	-

GAM Dividends

Dividend Yield	7.48%
Yield on Cost 5y	18.85%
Yield CAGR 5y	110.32%
Payout Consistency	74.2%
Payout Ratio	136.6%

GAM Growth Ratios

CAGR 3y	26.81%
CAGR/Max DD Calmar Ratio	1.80
CAGR/Mean DD Pain Ratio	14.74
Current Volume	31.6k
Average Volume	16.2k

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (201.8m TTM) > 0 and > 6% of Revenue (6% = 1.66m TTM)

FCFTA 0.0 (>2.0%) and ΔFCFTA 0.0pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -28.12% (prev -9.19%; Δ -18.93pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.0 (>3.0%) and CFO 0.0 <= Net Income 201.8m (YES >=105%, WARN >=100%)

Net Debt (2.10m) to EBITDA (7.71m) ratio: 0.27 <= 3.0 (WARN <= 3.5)

Current Ratio 0.29 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (23.3m) change vs 12m ago -0.15% (target <= -2.0% for YES)

Gross Margin 21.34% (prev 83.86%; Δ -62.52pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 1.67% (prev 5.56%; Δ -3.88pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -0.04 (EBITDA TTM 7.71m / Interest Expense TTM -194.3m) >= 6 (WARN >= 3)

Altman Z'' 71.94

(A) -0.00 = (Total Current Assets 3.19m - Total Current Liabilities 11.0m) / Total Assets 1.69b

(B) 0.67 = Retained Earnings (Balance) 1.14b / Total Assets 1.69b

(D) 66.43 = Book Value of Equity 1.17b / Total Liabilities 17.5m

Total Rating: 71.94 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 44.21

1. Piotroski 3.50pt = -1.50

2. FCF Yield 0.0% = 0.0

3. FCF Margin 0.0% = 0.0

4. Debt/Equity 0.00 = 2.50

5. Debt/Ebitda 0.27 = 2.44

6. ROIC - WACC (= -8.70)% = -10.88

7. RoE 12.53% = 1.04

8. Rev. Trend 16.84% = 1.26

9. EPS Trend -13.19% = -0.66

What is the price of GAM shares?

As of November 14, 2025, the stock is trading at USD 63.48 with a total of 31,574 shares traded.
Over the past week, the price has changed by +1.36%, over one month by +0.33%, over three months by +7.57% and over the past year by +27.29%.

Is General American Investors a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, General American Investors (NYSE:GAM) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 44.21 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of GAM is around 79.31 USD . This means that GAM is currently undervalued and has a potential upside of +24.94% (Margin of Safety).

Is GAM a buy, sell or hold?

General American Investors has no consensus analysts rating.

What are the forecasts/targets for the GAM price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	-	-
Analysts Target Price	-	-
ValueRay Target Price	88.9	40%

GAM Fundamental Data Overview November 11, 2025

Market Cap USD = 1.46b (1.46b USD * 1.0 USD.USD)
P/E Trailing = 7.063
P/S = 52.8727
P/B = 0.976
Beta = 0.828
Revenue TTM = 27.6m USD
EBIT TTM = 7.56m USD
EBITDA TTM = 7.71m USD
Long Term Debt = 1.77m USD (estimated: total debt 2.10m - short term 332.0k)
Short Term Debt = 332.0k USD (from shortTermDebt, last quarter)
Debt = 2.10m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 2.10m USD (from netDebt column, last quarter)
Enterprise Value = 1.46b USD (1.46b + Debt 2.10m - CCE 1.05m)
Interest Coverage Ratio = -0.04 (Ebit TTM 7.56m / Interest Expense TTM -194.3m)
FCF Yield = 0.0% (FCF TTM 0.0 / Enterprise Value 1.46b)
FCF Margin = 0.0% (FCF TTM 0.0 / Revenue TTM 27.6m)
Net Margin = 730.0% (Net Income TTM 201.8m / Revenue TTM 27.6m)
Gross Margin = 21.34% ((Revenue TTM 27.6m - Cost of Revenue TTM 21.7m) / Revenue TTM)
Gross Margin QoQ = 18.35% (prev 18.35%)
Tobins Q-Ratio = 0.86 (Enterprise Value 1.46b / Total Assets 1.69b)
Interest Expense / Debt = -9238 % (Interest Expense -194.3m / Debt 2.10m)
Taxrate = 21.0% (US default 21%)
NOPAT = 5.97m (EBIT 7.56m * (1 - 21.00%))
Current Ratio = 0.29 (Total Current Assets 3.19m / Total Current Liabilities 11.0m)
Debt / Equity = 0.00 (Debt 2.10m / totalStockholderEquity, last quarter 1.68b)
Debt / EBITDA = 0.27 (Net Debt 2.10m / EBITDA 7.71m)
Debt / FCF = unknown (Net Debt 2.10m / FCF TTM 0.0)
Total Stockholder Equity = 1.61b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.92% (Net Income 201.8m / Total Assets 1.69b)
RoE = 12.53% (Net Income TTM 201.8m / Total Stockholder Equity 1.61b)
RoCE = 0.47% (EBIT 7.56m / Capital Employed (Equity 1.61b + L.T.Debt 1.77m))
RoIC = 0.36% (NOPAT 5.97m / Invested Capital 1.67b)
WACC = 9.06% (E(1.46b)/V(1.46b) * Re(9.07%) + (debt cost/tax rate unavailable))
Discount Rate = 9.07% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 33.33 | Cagr: 22.62%
Fair Price DCF = unknown (Cash Flow 0.0)
EPS Correlation: -13.19 | EPS CAGR: 13.99% | SUE: 2.94 | # QB: 1
Revenue Correlation: 16.84 | Revenue CAGR: 134.2% | SUE: N/A | # QB: 0

Additional Sources for GAM Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle