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ARES

Ares Management LP

$117.55+0.84% ($0.98)
Day's range
$116.73 – $120.50
Day's volume
$304.3M
52-week range
$93.27 – $171.20

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ARES in numbers

Market cap
$12.1B
P/E
22.70
P/B
3.06
Dividend yield (12m)
5.12%

The 12-month dividend yield of ARES is 5.12%, above its 5-year average of 2.67%.

ARES price history

10/03/202510/02/2026
Compare with

ARES risk and return

Monthly closes adjusted for splits and distributions.

Metric12 months36 months60 months
Return-21.96%+14.97%+70.08%
Volatility (annualized)42.78%32.67%35.69%
Largest drawdown-31.58%-42.67%-42.67%
Positive months7/1224/3640/60

How much did investing in ARES return?

$1,000.00 invested on 11/01/2021 would be worth $1,700.84 today.

Value today in ARES
$1,700.84
Return over the period
+70.08%
Return per year
+11.41%
In the S&P 500
$1,690.98

With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.

ARES fundamentals

Valuation

  • P/E
    22.70
  • P/B
    3.06
  • EV/EBITDA
    —
  • EV/EBIT
    —
  • EV/Revenue
    2.03
  • P/EBIT
    —
  • P/S
    2.03
  • P/OCF
    13.32
  • P/FCF
    —
  • Earnings yield
    —
  • PEG ratio
    —
  • Earnings per share
    $5.18
  • Book value per share
    $38.40

Efficiency

  • Gross margin
    —
  • EBITDA margin
    —
  • Operating margin
    —
  • Net margin
    8.94%
  • Asset turnover
    0.20

Profitability

  • ROE
    13.49%
  • ROA
    1.81%
  • ROIC
    —
  • Payout
    116.13%

Growth

  • Revenue CAGR (5 years)
    14.06%
  • Earnings CAGR (5 years)
    10.36%
  • Revenue growth (year)
    —
  • Earnings growth (year)
    —
  • Revenue growth (quarter)
    —
  • Earnings growth (quarter)
    —

What is ARES's fair price?

Two classic value formulas, with today's numbers. The current price is $117.55.

Graham's fair price
$66.89
43.10% below the price

√(22.50 × $5.18 × $38.40)

Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.

Bazin's ceiling price
$52.00
55.76% below the price

$3.12 (5-year average) ÷ 6%

Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.

Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.

ARES's indicators by year

Multiples at each year's closing price; margins and returns from that year's statements.

Indicator20252024202320222021202020192018
Dividend yield2.77%2.10%2.59%3.57%2.31%3.40%3.59%7.50%
ROE9.97%12.44%25.05%10.54%21.19%12.75%19.38%9.70%
Net margin7.61%11.35%13.06%5.48%9.18%8.62%8.43%5.95%

ARES's financial statements

Line202520242023202220212020
Net revenue$5.6B$3.9B$3.6B$3.1B$4.2B$1.8B
Cost of revenue——————
Gross profit——————
EBITDA——————
EBIT——————
Financial result$394.2M$329.3M$499M$204.4M$263.7M$65.9M
Income before tax$1.3B$1.3B$1.3B$510.8M$1.1B$379.5M
Income tax-$198.5M-$164.6M-$173M-$71.9M-$147.4M-$55M
Net income$426.1M$441M$474.3M$167.5M$386.7M$152.1M

Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.

Does ARES pay dividends?

Dividend yield per year

  • 5.65%2017
  • 7.50%2018
  • 3.59%2019
  • 3.40%2020
  • 2.31%2021
  • 3.57%2022
  • 2.59%2023
  • 2.10%2024
  • 2.77%2025
  • 4.16%2026
Payment history
TypeLast day to ownPaymentPer share
Dividend09/15/202609/30/2026$1.35
Dividend06/15/202606/30/2026$1.35
Dividend03/16/202603/31/2026$1.35
Dividend12/12/202501/01/2026$0.84
Dividend12/16/202512/31/2025$1.12
Dividend09/15/202509/30/2025$1.12
Dividend06/13/202506/30/2025$1.12
Dividend03/14/202503/31/2025$1.12
Dividend12/16/202412/31/2024$0.93
Dividend09/13/202409/30/2024$0.93
Dividend06/13/202406/28/2024$0.93
Dividend03/13/202403/29/2024$0.93
See all 42 distributions
Earlier distributions
TypeLast day to ownPaymentPer share
Dividend12/13/202312/29/2023$0.77
Dividend09/13/202309/29/2023$0.77
Dividend06/14/202306/30/2023$0.77
Dividend03/15/202303/31/2023$0.77
Dividend12/14/202212/30/2022$0.61
Dividend09/14/202209/30/2022$0.61
Dividend06/14/202206/30/2022$0.61
Dividend03/15/202203/31/2022$0.61
Dividend12/15/202112/31/2021$0.47
Dividend09/14/202109/30/2021$0.47
Dividend06/14/202106/30/2021$0.47
Dividend03/15/202103/31/2021$0.47
Dividend12/15/202012/31/2020$0.40
Dividend09/14/202009/30/2020$0.40
Dividend06/12/202006/30/2020$0.40
Dividend03/13/202003/31/2020$0.40
Dividend12/13/201912/31/2019$0.32
Dividend09/12/201909/30/2019$0.32
Dividend06/12/201906/28/2019$0.32
Dividend03/13/201903/29/2019$0.32
Dividend12/13/201812/31/2018$0.28
Dividend09/12/201809/28/2018$0.28
Dividend06/13/201806/29/2018$0.28
Dividend04/12/201804/30/2018$0.09
Dividend02/22/201802/28/2018$0.40
Dividend11/15/201712/01/2017$0.41
Dividend08/15/201709/01/2017$0.31
Dividend05/24/201706/05/2017$0.13
Dividend03/07/201703/24/2017$0.28
Dividend11/16/201612/05/2016$0.20

About Ares Management Lp

Sector
Finance, insurance and real estate

Questions about ARES

How much is ARES today?

ARES is at $117.55 (0.84% on the day), last traded on 10/02/2026.

How much did ARES pay in dividends in 2025?

ARES paid $4.48 per share in 2025, a dividend yield of 2.77%.

What are the P/E and P/B of ARES?

ARES trades at a P/E of 22.70 and a P/B of 3.06.

How much did ARES return in 12 months?

ARES returned -21.96% in 12 months, with annualized volatility of 42.78% and a largest drawdown of -31.58%.