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Friday 6 November 2026 Export SEIC’s income statement to Excel — free account

SEI Investments Company

SEIC Financial Asset Management

SEI Investments Company’s revenue for fiscal 2025 (year ended December 2025) was $2.3 billion, up 8.10% from fiscal 2024.

Revenue
+14.4%
EPS
+6.77%
Free cash flow
−9.48%
Total debt
+72.4%

Quarter to September 2026, against a year earlier

105.13 0.05 −0.05%
Market cap
$12.5B
P/E
17.9×
Fwd P/E
17.1×
Dividend yield
0.99%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

SEI Investments Company (SEIC) valuation and DCF model

What the price implies · reverse DCF

At $105.13 the price implies 27.6% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 7.6% a year over the last ten years, 7.0% over the last five. The price asks for about four times its ten-year rate. Return on equity averaged 27.8% over ten years; the price implies 34.2% for good.

In December 2017 the price assumed 31.1% a year; SEI Investments Company went on to grow the dividend a share 5.2% a year to FY2025.

Price implies
27.6%
Last 5 years, reported
7.0%
Last 10 years, reported
7.6%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
27.6% a year for ten years
$105.13
today’s price
Its base case
7.6% a year for five years, then 4.5%
$21.40
79.6% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record SEI Investments Company’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to September 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 27.6% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against SEI Investments Company’s own cost of capital: risk-free 4.3% + beta 0.97 × equity premium 4.5% = 8.7% cost of equity; weighted, 8.7%.

Use 8.7%
Base case value per share $21.40 ten years discounted, and what follows
Current price $105.13 market price per share
Below today’s price 79.6% downside at the base case’s assumptions

How we got there$9.15 10 years of dividends+$12.25 terminal value=$21.40 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Asset Management).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 17.86× 17.11× 18.23× 2% below 13.38× 33% above
P/FCF 19.43× 18.83× 19.52× 0% below 7.79× 149% above
P/B 4.88× 4.36× 4.92× 1% below 0.91× 436% above
EV/EBITDA — 13.97× 15.27× — 3.38× —
EV/Sales — 4.12× 4.69× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
15.15×19.24×23.33×27.42×10Y avg 18.23×2017201820192020202120222023202420252026

SEIC trades at 17.86× P/E, against a 10-year average of 18.23× (range 14.24×–28.06×). That is cheaper than 56% of the last 9 year-end readings; re-rating to the average implies $107.35 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.