56/100B133.910
USD
0.21
(0.16%)
Market Closed
Last updated: · Delayed 15 min
Fair value170.03Plus-21%128Price 133.91213
Q4 FY2026 · Earnings report
EPS estimate 1.87Revenue estimate 1.80B
Q4 FY2026 · Earnings report
EPS estimate 1.87Revenue estimate 1.80B
Ares Management financial ratios 2011–2026
95.65 today, against 64.07 on average over the last 5 years.
P/E ratio P/S ratio P/B ratio
Click a line's chart icon in the table to add it to the chart; hover over it for a quick look.
| Fiscal year | TTM 30 Sept 2026 | FY2025 31 Dec 2025 | FY2024 31 Dec 2024 | FY2023 31 Dec 2023 | FY2022 31 Dec 2022 | FY2021 31 Dec 2021 | FY2020 31 Dec 2020 | FY2019 31 Dec 2019 | FY2018 31 Dec 2018 | FY2017 31 Dec 2017 | FY2016 31 Dec 2016 | FY2015 31 Dec 2015 | FY2014 31 Dec 2014 | FY2013 31 Dec 2013 | FY2012 31 Dec 2012 | FY2011 31 Dec 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 43.98B | 52.47B | 52.37B | 32.77B | 17.94B | 19.87B | 9.49B | 5.75B | 2.55B | 2.44B | 2.32B | 1.56B | 2.06B | 2.23B | 2.62B | 2.10B | |
Enterprise value | 57.00B | 65.89B | 62.78B | 47.03B | 30.16B | 30.97B | 19.33B | 13.57B | 9.42B | 13.07B | 4.91B | 3.85B | 14.04B | 14.83B | 15.62B | 14.66B |
| 95.65 | 48.21 | 47.15 | 28.25 | 40.88 | 50.86 | 29.25 | 15.43 | 16.76 | 14.14 | 8.07 | 24.96 | 3.77 | 2.75 | 2.12 | 2.27 | |
Forward P/E | 19.69 | 28.65 | 29.43 | 29.43 | 19.29 | 25.33 | 20.20 | 20.20 | 11.64 | 14.93 | 10.05 | 9.44 | 17.93 | — | — | — |
PEG ratio | 2.00 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 7.05 | 8.11 | 13.48 | 9.02 | 5.87 | 4.72 | 5.38 | 3.26 | 2.66 | 1.65 | 1.85 | 1.91 | 3.41 | 4.67 | 7.83 | 0.78 | |
P/B ratio | 11.08 | 12.27 | 14.78 | 17.31 | 11.29 | 10.89 | 7.95 | 7.49 | 4.34 | 1.67 | 3.91 | 1.61 | 7.25 | 0.35 | 5.30 | 5.91 |
P/FCF ratio | — | 16.42 | 19.40 | — | — | — | — | — | 6.22 | — | — | — | 1.36 | 1.03 | 0.96 | 0.85 |
EV/EBITDA | 26.95 | 28.68 | 26.03 | 19.39 | 22.59 | 21.02 | 26.41 | 17.81 | 20.61 | 39.52 | 11.04 | 16.43 | 11.08 | 10.11 | 9.01 | 11.22 |
EV/sales | 9.13 | 10.18 | 16.16 | 12.95 | 9.87 | 7.35 | 10.96 | 7.69 | 9.83 | 8.83 | 3.91 | 4.73 | 23.26 | 30.98 | 46.77 | 5.47 |
Earnings yield | 2.21% | 2.07% | 2.12% | 3.54% | 2.45% | 1.97% | 3.42% | 6.48% | 5.97% | 7.07% | 12.39% | 4.01% | 26.52% | 36.40% | 47.23% | 44.05% |
Free cash flow yield | -1.40% | 6.09% | 5.16% | -0.92% | -4.29% | -13.20% | -4.65% | -36.50% | 16.07% | -77.56% | -27.53% | -34.57% | 73.69% | 96.77% | 104.55% | 117.22% |
| 4.61% | 3.35% | 2.50% | 3.14% | 4.66% | 2.99% | 4.71% | 5.63% | 6.14% | 10.70% | 8.67% | 13.98% | 16.04% | 18.80% | 8.82% | 12.35% | |
Payout ratio | 209.17% | 161.41% | 118.02% | 88.84% | 190.55% | 151.90% | 137.69% | 86.82% | 102.90% | 151.32% | 69.94% | 348.86% | 60.46% | 51.66% | 18.66% | 28.04% |
Buyback yield | — | 1.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Shareholder yield | — | 5.15% | 2.50% | 3.14% | 4.66% | 2.99% | 4.71% | 5.81% | 6.14% | 10.70% | 8.67% | 13.98% | 16.04% | 18.80% | 8.82% | 12.35% |
| 24.44% | 25.46% | 31.34% | 61.27% | 27.62% | 21.41% | 27.18% | 48.52% | 25.88% | 11.84% | 48.49% | 6.45% | 192.38% | 12.66% | 250.30% | 260.43% | |
ROA (return on assets) | 3.27% | 3.75% | 4.46% | 4.69% | 1.99% | 1.81% | 2.14% | 3.10% | 1.50% | 2.02% | 4.92% | 1.44% | 2.52% | 3.43% | 5.04% | 3.89% |
ROIC (return on invested capital) | 7.60% | 9.42% | 5.47% | 4.85% | 1.97% | 5.77% | 2.73% | 3.31% | 0.74% | -1.35% | 5.46% | 0.45% | -1.60% | -1.85% | -3.15% | -1.96% |
| 0.83 | 2.24 | 0.98 | 0.73 | 0.64 | 0.63 | 1.00 | 0.71 | 0.53 | 0.64 | 1.79 | 1.68 | 1.51 | 0.94 | 0.78 | 0.75 | |
Quick ratio | 0.83 | 2.28 | 0.98 | 0.73 | 0.64 | 0.63 | 1.00 | 0.71 | 0.53 | 0.64 | 1.78 | 1.67 | 1.48 | 0.88 | 0.74 | 0.68 |
| 3.75 | 3.49 | 3.71 | 8.32 | 8.39 | 6.85 | 9.13 | 11.15 | 12.53 | 7.74 | 5.73 | 2.66 | 47.42 | 2.23 | 29.95 | 39.83 | |
Debt / EBITDA | 7.03 | 6.49 | 5.45 | 6.50 | 9.99 | 8.48 | 14.90 | 11.24 | 16.12 | 34.17 | 7.63 | 10.98 | 10.61 | 9.77 | 8.53 | 10.81 |
Net debt / EBITDA | 6.16 | 5.84 | 4.32 | 5.88 | 9.15 | 7.53 | 13.44 | 10.26 | 15.03 | 32.13 | 5.83 | 9.78 | 9.45 | 8.59 | 7.50 | 9.62 |
Interest coverage | 1.91 | 2.30 | 0.97 | 0.97 | 0.63 | 2.72 | 1.01 | 1.02 | 0.36 | -0.60 | 1.67 | 0.46 | -0.38 | -0.59 | -0.93 | -0.78 |
Asset turnover | 0.21 | 0.22 | 0.16 | 0.15 | 0.14 | 0.20 | 0.12 | 0.15 | 0.09 | 0.17 | 0.22 | 0.19 | 0.03 | 0.02 | 0.01 | 0.11 |
| Quarter | Q3 FY2026 30 Sept 2026 | Q2 FY2026 30 Jun 2026 | Q1 FY2026 31 Mar 2026 | Q4 FY2025 31 Dec 2025 | Q3 FY2025 30 Sept 2025 | Q2 FY2025 30 Jun 2025 | Q1 FY2025 31 Mar 2025 | Q4 FY2024 31 Dec 2024 | Q3 FY2024 30 Sept 2024 | Q2 FY2024 30 Jun 2024 | Q1 FY2024 31 Mar 2024 | Q4 FY2023 31 Dec 2023 | Q3 FY2023 30 Sept 2023 | Q2 FY2023 30 Jun 2023 | Q1 FY2023 31 Mar 2023 | Q4 FY2022 31 Dec 2022 | Q3 FY2022 30 Sept 2022 | Q2 FY2022 30 Jun 2022 | Q1 FY2022 31 Mar 2022 | Q4 FY2021 31 Dec 2021 | Q3 FY2021 30 Sept 2021 | Q2 FY2021 30 Jun 2021 | Q1 FY2021 31 Mar 2021 | Q4 FY2020 31 Dec 2020 | Q3 FY2020 30 Sept 2020 | Q2 FY2020 30 Jun 2020 | Q1 FY2020 31 Mar 2020 | Q4 FY2019 31 Dec 2019 | Q3 FY2019 30 Sept 2019 | Q2 FY2019 30 Jun 2019 | Q1 FY2019 31 Mar 2019 | Q4 FY2018 31 Dec 2018 | Q3 FY2018 30 Sept 2018 | Q2 FY2018 30 Jun 2018 | Q1 FY2018 31 Mar 2018 | Q4 FY2017 31 Dec 2017 | Q3 FY2017 30 Sept 2017 | Q2 FY2017 30 Jun 2017 | Q1 FY2017 31 Mar 2017 | Q4 FY2016 31 Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 39.48B | 37.62B | 36.51B | 53.39B | 52.51B | 56.63B | 45.84B | 53.57B | 46.72B | 39.91B | 38.09B | 33.71B | 28.61B | 26.34B | 22.31B | 17.94B | 16.25B | 14.88B | 21.14B | 19.87B | 18.63B | 15.65B | 12.49B | 9.49B | 8.66B | 7.92B | 5.47B | 5.75B | 4.34B | 4.21B | 3.63B | 2.55B | 3.35B | 3.03B | 2.74B | 2.46B | 2.29B | 2.20B | 2.30B | 2.32B | |
Enterprise value | 39.72B | 50.64B | 49.22B | 66.80B | 63.74B | 68.57B | 57.40B | 63.98B | 59.48B | 52.88B | 51.88B | 47.96B | 41.62B | 39.28B | 34.76B | 30.16B | 27.88B | 26.42B | 32.99B | 30.97B | 28.48B | 24.93B | 22.27B | 19.33B | 18.00B | 16.98B | 13.39B | 13.57B | 11.57B | 11.49B | 10.42B | 9.42B | 16.72B | 15.62B | 7.76B | 13.08B | 6.39B | 5.33B | 5.36B | 4.91B |
| 40.70 | 31.85 | 33.36 | 49.05 | 36.72 | 43.57 | 39.48 | 48.23 | 47.00 | 61.80 | 42.77 | 32.89 | 31.98 | 33.18 | 43.31 | 39.99 | 59.67 | 37.55 | 43.65 | 39.14 | 39.87 | 36.40 | 24.73 | 146.14 | 348.56 | 745.11 | — | 25.74 | 21.97 | 23.37 | 26.63 | 28.58 | 15.95 | 13.65 | 9.65 | 46.41 | 137.02 | 20.63 | 15.92 | 8.08 | |
Forward P/E | 17.45 | 17.62 | 18.26 | 28.65 | 29.18 | 32.57 | 28.40 | 29.43 | 29.43 | 29.43 | 29.43 | 29.43 | 26.26 | 25.40 | 22.74 | 19.29 | 17.88 | 16.85 | 24.66 | 25.33 | 24.49 | 22.52 | 21.29 | 20.20 | 20.20 | 20.20 | 20.20 | 20.20 | 15.72 | 15.92 | 14.67 | 11.64 | 15.75 | 14.60 | 15.62 | 14.93 | 12.68 | 11.24 | 10.88 | 10.05 |
PEG ratio | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 6.33 | 5.89 | — | 9.11 | 9.80 | 11.73 | 10.75 | 13.79 | 12.70 | 12.39 | 10.80 | 9.28 | 8.14 | 7.22 | 7.07 | 5.87 | 4.74 | 4.16 | 4.95 | 4.72 | 5.23 | 5.05 | 5.19 | 5.38 | 5.61 | 5.21 | 4.20 | 3.26 | 2.76 | 3.12 | 3.11 | 2.66 | 3.09 | 2.67 | 1.82 | 1.66 | 1.56 | 1.46 | 1.76 | 1.93 | |
P/B ratio | — | 9.48 | 9.07 | 12.49 | 11.74 | 12.98 | 10.29 | 15.12 | 22.50 | 19.94 | 21.55 | 17.80 | 16.51 | 15.05 | 13.36 | 11.29 | 10.75 | 9.07 | 12.48 | 10.89 | 10.63 | 9.65 | 10.76 | 7.95 | 7.58 | 8.39 | 6.09 | 7.49 | 5.78 | 6.63 | 6.06 | 4.34 | 5.65 | 1.97 | 4.07 | 1.68 | 1.66 | 1.76 | 1.95 | 1.68 |
P/FCF ratio | — | 45.00 | 22.63 | 16.71 | 11.69 | 14.24 | 11.50 | 19.84 | 35.44 | 49.95 | — | — | 337.81 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
EV/EBITDA | 18.79 | 20.40 | — | 30.57 | 26.41 | 32.71 | 25.75 | 26.52 | 24.25 | 21.96 | 21.32 | 20.48 | 16.88 | 17.88 | 19.68 | 18.91 | 24.63 | 22.74 | 24.55 | 22.77 | 21.32 | 19.96 | 18.77 | 27.32 | 34.36 | 36.08 | 43.13 | 18.65 | 18.18 | 19.95 | 19.79 | 21.38 | 26.10 | 24.00 | 11.21 | 30.73 | 19.62 | 12.57 | 12.76 | 8.41 |
EV/sales | 6.36 | 7.93 | — | 11.39 | 11.90 | 14.20 | 13.45 | 16.47 | 16.16 | 16.42 | 14.71 | 13.21 | 11.84 | 10.77 | 11.02 | 9.87 | 8.13 | 7.39 | 7.73 | 7.35 | 8.00 | 8.04 | 9.25 | 10.96 | 11.67 | 11.17 | 10.29 | 7.69 | 7.34 | 8.51 | 8.91 | 9.83 | 15.40 | 13.77 | 5.17 | 8.84 | 4.37 | 3.53 | 4.10 | 4.10 |
Earnings yield | 2.46% | 3.14% | 3.00% | 2.04% | 2.72% | 2.30% | 2.53% | 2.07% | 2.13% | 1.62% | 2.34% | 3.04% | 3.13% | 3.01% | 2.31% | 2.50% | 1.68% | 2.66% | 2.29% | 2.55% | 2.51% | 2.75% | 4.04% | 0.68% | 0.29% | 0.13% | -3.18% | 3.88% | 4.55% | 4.28% | 3.75% | 3.50% | 6.27% | 7.32% | 10.37% | 2.15% | 0.73% | 4.85% | 6.28% | 12.38% |
Free cash flow yield | -1.56% | 2.22% | 4.42% | 5.98% | 8.56% | 7.02% | 8.70% | 5.04% | 2.82% | 2.00% | -0.83% | -0.89% | 0.30% | -0.74% | -1.29% | -4.29% | -8.22% | -14.34% | -7.87% | -13.20% | -12.37% | -8.69% | -6.56% | -4.65% | -4.66% | -12.14% | -38.65% | -36.50% | -32.00% | -34.12% | -51.38% | -56.29% | -72.03% | -94.54% | -55.42% | -77.19% | -69.48% | -46.67% | -39.71% | -27.51% |
| 5.14% | 5.10% | 5.02% | 3.29% | 3.12% | 3.14% | 3.63% | 2.87% | 3.14% | 2.89% | 2.89% | 3.06% | 3.45% | 3.57% | 3.93% | 4.66% | 4.26% | 3.85% | 2.48% | 2.32% | 2.62% | 3.30% | 3.90% | 4.71% | 4.39% | 3.93% | 4.32% | 2.96% | 3.71% | 3.77% | 4.37% | 6.14% | 6.37% | 7.92% | 8.46% | 10.65% | 9.58% | 10.02% | 9.81% | 8.66% | |
Payout ratio | 209.17% | 162.54% | 167.64% | 161.41% | 114.57% | 136.84% | 143.19% | 138.44% | 147.55% | 178.47% | 123.40% | 100.56% | 110.47% | 118.50% | 170.11% | 186.44% | 254.33% | 144.67% | 108.44% | 90.69% | 104.39% | 119.99% | 96.45% | 687.91% | 1,528.97% | 2,931.60% | — | 76.24% | 81.56% | 88.17% | 116.46% | 175.48% | 101.54% | 108.07% | 81.64% | 494.36% | 1,312.54% | 206.76% | 156.16% | 69.94% |
Buyback yield | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 0.77% | — | — | — | — | — | — | — | — | — | — |
Shareholder yield | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 4.54% | — | — | — | — | — | — | — | — | — | — |
| — | 29.77% | 27.18% | 25.46% | 31.96% | 29.80% | 26.07% | 31.34% | 47.88% | 32.26% | 50.39% | 54.13% | 51.62% | 45.35% | 30.84% | 28.23% | 18.02% | 24.17% | 28.60% | 27.81% | 26.65% | 26.51% | 43.48% | 5.44% | 2.18% | 1.13% | -19.35% | 29.09% | 26.29% | 28.37% | 22.74% | 15.17% | 35.42% | 14.46% | 42.21% | 3.62% | 1.21% | 8.54% | 12.25% | 20.83% | |
ROA (return on assets) | — | 3.99% | 3.85% | 3.75% | 5.29% | 4.77% | 4.27% | 4.46% | 4.05% | 2.67% | 3.65% | 4.14% | 3.83% | 3.43% | 2.35% | 2.04% | 1.28% | 1.87% | 2.29% | 2.35% | 2.34% | 2.31% | 3.05% | 0.43% | 0.17% | 0.08% | -1.32% | 1.86% | 1.70% | 1.64% | 1.30% | 0.88% | 2.02% | 2.19% | 3.31% | 0.62% | 0.21% | 1.71% | 2.52% | 4.92% |
ROIC (return on invested capital) | — | 7.45% | — | 6.17% | 5.02% | 4.56% | 4.69% | 5.47% | 5.61% | 4.64% | 4.82% | 4.85% | 4.96% | 3.69% | 2.40% | 1.97% | 2.22% | 3.95% | 5.44% | 5.77% | 5.53% | 5.53% | 4.60% | 2.73% | 1.96% | 1.72% | — | 3.31% | 2.10% | 1.64% | 1.61% | 0.74% | 0.93% | 1.14% | 4.45% | -1.28% | -2.20% | -1.78% | -2.40% | 5.09% |
| — | 0.83 | 49.67 | 2.24 | 1.54 | 0.55 | 0.58 | 0.98 | 0.66 | 0.67 | 0.67 | 0.73 | 0.54 | 0.51 | 0.57 | 0.64 | 0.51 | 0.51 | 0.46 | 0.63 | 0.76 | 0.61 | 0.78 | 1.00 | 0.97 | 1.09 | 1.46 | 0.71 | 0.61 | 0.64 | 0.58 | 0.53 | 0.76 | 0.76 | 0.66 | 0.64 | 1.42 | 1.43 | 1.48 | 1.79 | |
Quick ratio | — | 0.83 | 42.22 | 2.28 | 1.54 | 0.55 | 0.58 | 0.98 | 0.66 | 0.67 | 0.67 | 0.73 | 0.54 | 0.51 | 0.57 | 0.64 | 0.51 | 0.51 | 0.46 | 0.63 | 0.76 | 0.61 | 0.78 | 1.00 | 0.97 | 1.09 | 1.46 | 0.71 | 0.61 | 0.64 | 0.58 | 0.53 | 0.76 | 0.76 | 0.66 | 0.64 | 1.42 | 1.43 | 1.48 | 1.78 |
| — | 3.75 | 3.51 | 3.49 | 2.84 | 3.09 | 3.00 | 3.71 | 6.95 | 7.24 | 8.68 | 8.32 | 8.20 | 8.02 | 8.08 | 8.39 | 8.38 | 7.70 | 7.49 | 6.85 | 6.69 | 6.60 | 9.43 | 9.13 | 9.26 | 10.80 | 10.69 | 11.15 | 10.57 | 12.44 | 12.42 | 12.53 | 24.03 | 8.82 | 8.43 | 7.74 | 3.69 | 2.95 | 2.98 | 2.46 | |
Debt / EBITDA | — | 5.99 | — | 6.83 | 5.27 | 6.43 | 5.99 | 5.45 | 5.88 | 6.02 | 6.30 | 6.73 | 5.76 | 6.39 | 7.63 | 8.36 | 11.20 | 10.86 | 9.44 | 9.18 | 8.78 | 8.57 | 9.23 | 15.41 | 20.18 | 21.68 | 30.94 | 11.77 | 12.50 | 13.72 | 14.14 | 16.72 | 22.24 | 20.82 | 8.19 | 26.54 | 15.62 | 8.70 | 8.37 | 5.81 |
Net debt / EBITDA | — | 5.24 | — | 6.14 | 4.65 | 5.69 | 5.18 | 4.32 | 5.20 | 5.39 | 5.67 | 6.09 | 5.28 | 5.89 | 7.05 | 7.66 | 10.27 | 9.93 | 8.82 | 8.16 | 7.37 | 7.43 | 8.24 | 13.91 | 17.83 | 19.24 | 25.52 | 10.75 | 11.35 | 12.63 | 12.89 | 15.60 | 20.87 | 19.34 | 7.25 | 24.96 | 12.59 | 7.38 | 7.29 | 4.44 |
Interest coverage | 1.91 | 2.01 | — | 1.50 | 1.10 | 0.98 | 0.92 | 0.97 | 0.98 | 0.81 | 0.88 | 0.97 | 1.02 | 0.87 | 0.67 | 0.63 | 0.81 | 1.63 | 2.52 | 2.72 | 2.46 | 2.32 | 1.70 | 1.01 | 0.70 | 0.61 | 0.40 | 1.02 | 0.92 | 0.74 | 0.52 | 0.36 | 0.34 | 0.44 | 0.94 | -0.41 | -0.42 | -0.21 | -0.26 | 0.66 |
Asset turnover | — | 0.22 | — | 0.20 | 0.20 | 0.18 | 0.16 | 0.16 | 0.15 | 0.13 | 0.14 | 0.15 | 0.15 | 0.16 | 0.14 | 0.14 | 0.16 | 0.17 | 0.20 | 0.20 | 0.18 | 0.17 | 0.15 | 0.12 | 0.10 | 0.11 | 0.10 | 0.15 | 0.14 | 0.12 | 0.11 | 0.09 | 0.10 | 0.11 | 0.18 | 0.17 | 0.18 | 0.24 | 0.23 | 0.21 |
Each period's market value, at its closing price, over its statements; a quarter over its last four quarters. ROIC is operating income after tax over debt plus equity less cash and short-term investments. The first column is today, at the current price.
Common questions about Ares Management's ratios
Source: Financial Modeling Prep