Ares Management Corporation Ratios | P/E, ROE & Valuation

On the Key Ratios page for Ares Management Corporation (ARES), the latest P/E of 55.6 frames valuation, while ROE 14.54% and ROIC 4.25% indicates profitability and capital efficiency. Together with the current ratio of 49.67 and debt-to-equity 3.51, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

ARES Historical Per Share Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Revenue per Share$28.15$19.61$19.68$17.41$25.73$13.06$16.36$9.98$18.08$15.53
Net Income per Share$2.78$2.34$2.57$0.95$2.50$1.13$1.38$0.59$0.93$1.38
Operating Cash Flow per Share$7.50$14.09$-1.26$-4.18$-15.86$-3.15$-19.30$-14.76$-22.77$-7.75
Free Cash Flow per Share$7.20$13.63$-1.63$-4.39$-16.02$-3.27$-19.46$-14.95$-23.17$-7.90
Cash per Share$6.42$13.81$8.12$6.35$8.51$7.86$6.90$5.15$16.16$51.13
Book Value per Share$37.42$34.46$24.25$21.64$23.30$18.30$17.22$14.52$17.84$17.06
Tangible Book Value per Share$12.40$23.66$12.42$9.06$9.80$13.91$15.82$12.70$15.59$14.55
Interest Debt per Share$66.58$71.33$90.05$78.72$78.12$83.03$82.14$79.28$139.85$43.36
CAPEX per Share$0.29$0.46$0.36$0.20$0.17$0.12$0.16$0.19$0.41$0.15

ARES Historical Valuation Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Price to Earnings (P/E)55.6175.6146.2671.732.5441.7725.8729.9421.4913.87
Price to Book (P/B)6.999.8911.597.567.295.325.012.91.122.62
Price to Sales (P/S)9.779.036.043.933.163.62.181.781.111.24
Enterprise Value to EBITDA30.7739.4831.4323.424.8545.6534.1273.5843.2915.05
EV to Sales11.7911.719.977.935.799.186.618.958.283.3
EV to Operating Cash Flow44.2816.29-155.2-33.01-9.4-38.05-5.6-6.06-6.58-6.62
EV to Free Cash Flow46.0916.84-120.49-31.47-9.3-36.68-5.56-5.98-6.46-6.5
Enterprise Value$74.36B$45.47B$36.20B$24.23B$24.41B$16.20B$11.67B$8.58B$12.26B$4.14B

ARES Historical Profitability Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Return on Equity (ROE)14.54%13.09%25.05%10.54%22.40%12.75%19.38%9.70%5.22%18.90%
Return on Invested Capital (ROIC)4.25%4.15%3.80%3.18%4.23%1.97%2.70%0.83%4.01%4.67%
Return on Tangible Assets2.73%2.04%2.10%0.85%2.11%1.04%1.26%0.57%0.91%1.99%
Earnings Yield2.21%1.32%2.16%1.39%3.07%2.39%3.87%3.34%4.65%7.21%
Free Cash Flow Yield2.62%7.70%-1.37%-6.41%-19.72%-6.95%-54.52%-84.08%-115.85%-41.12%
Dividend Yield3.93%3.74%4.70%6.96%4.54%7.37%8.97%9.17%17.31%13.73%

ARES Historical Liquidity & Financial Strength

10 years
Metric (FY)TTM202420232022202120202019201820172016
Current Ratio49.670.980.730.640.6310.710.530.641.79
Interest Coverage1.881.021.071.442.951.011.080.361.692.17
Income Quality1.532.51-0.2-1.67-6.64-1.31-5.59-9.31-10.77-2.18
Debt to Equity3.513.718.328.396.859.1311.1512.537.745.73
Debt to Assets49.83%52.84%63.71%60.60%57.83%71.88%71.30%72.56%131.92%58.18%
Net Debt to EBITDA5.269.0412.3811.811.327.7422.8658.9437.519.42

ARES Historical Efficiency Ratios

10 years
Metric (FY)TTM202420232022202120202019201820172016
Receivables Turnover6.242.572.852.823.642.824.022.785.221.31
Payables Turnover03.124.934.537.417.237.673.596.798
Inventory Turnover0000000000
Days Sales Outstanding58.49141.95127.95129.59100.34129.3890.88131.0769.87278.51
Days Payables Outstanding011774.0580.6549.2750.5147.6101.5453.7245.6
Days of Inventory on Hand0000000000

ARES Historical Market Metrics

10 years
Metric (FY)TTM202420232022202120202019201820172016
Enterprise Value to EBITDA30.7739.4831.4323.424.8545.6534.1273.5843.2915.05
Market Cap$61.65B$35.06B$21.94B$12.01B$13.30B$6.35B$3.85B$1.71B$1.64B$1.55B
Enterprise Value$74.36B$45.47B$36.20B$24.23B$24.41B$16.20B$11.67B$8.58B$12.26B$4.14B
Dividend Yield3.93%3.74%4.70%6.96%4.54%7.37%8.97%9.17%17.31%13.73%
Payout Ratio294.54%282.68%217.29%499.20%147.82%307.92%231.97%274.55%371.97%190.36%

Frequently Asked Questions

Is Ares Management Corporation stock overvalued based on its P/E ratio?

On this page, ARES's current P/E is 55.6, compared with a multi-year average around 41.5. A higher P/E versus its own history can indicate the market is pricing in stronger earnings growth or better durability. To judge whether the premium is justified, cross-check profitability (ROE/ROIC), liquidity (current ratio), and leverage (debt-to-equity) so you can separate quality strength from expectations alone.

What is Ares Management Corporation market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $61.65B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Ares Management Corporation compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Ares Management Corporation's own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Ares Management Corporation compare to its competitors in key financial ratios?

The fastest way to compare Ares Management Corporation with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Ares Management Corporation outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Ares Management Corporation financially strong based on its ratios?

To assess whether Ares Management Corporation is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 49.67, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 1.88, implying less buffer for servicing interest costs. Debt-to-equity is about 3.51, suggesting higher leverage than a low-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Ares Management Corporation's financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Ares Management Corporation is sustaining strong returns (for example ROE at 14.54% and ROIC at 4.25%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.