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Ares Management Corporation — Intrinsic Value & Fair Price

ARES
NYSEFinancial ServicesAsset ManagementCIK 0001176948aresmgmt.comAbout ARES
Last close · Oct 16, 2026112.27−1.76 (−1.54%)
Market cap$36.9B
Model value · P/E · peers
70.16
Ares Management closed at $112.27 — overvalued by 60% vs model.
58.03the model's range96.29

P/E · peers leads for a financial company. From its peers' median P/E.

Other models
96.77 – 377.11
Wall St. target
149.00 25% below
Above model, 1y
20 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $112.27 · as of Oct 17, 2026

P/E · peers leads for a financial company. How we value a stock walks through every input.

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Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
4.60%
#39 · Highest dividend yield
Past 2 years
low 1.88%high 4.69%
Dividends per share, a year at a time
$1.81Sep ’21$2.30Sep ’22$2.92Sep ’23$3.56Sep ’24$4.29Sep ’25$5.17TTM
Coverage
—
Raised
9 years in a row
Growth, 5 yrs
23.4% a year
Last change
+20.5% · Mar 2026
Every payment, with ex-dates · latest $1.35, paid Sep 30, 2026

Research on ARES

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How it is valued

Valued asFinancial
High revenue growth (~24% recent)Moderate margins (9% net margin)Highly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for financials
P/E
—
Price / book
2.8×
Return on equity
12.3%
Dividend yield, TTM
4.60%
Net margin
8.2%
Debt / equity
3.5
Full financials

Analyst actions

third-party, quoted
10-16Morgan Stanley · target149.00
10-01Wells Fargo · target136.00
09-24Piper Sandler · target150.00
02-09Deutsche Bank · “Buy” from “Hold”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label

The weekly

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About Ares Management

Ares Management Corporation functions as an investment firm specializing in alternative assets, with operations spanning the United States, Europe, and Asia. Its Tradable Credit division oversees diverse investment vehicles, including pooled funds and separately managed accounts for institutional investors, alongside publicly traded products and sub-advised funds aimed at retail investors, all within the tradable and non-investment grade corporate credit markets. The Direct Lending segment delivers financial solutions to small and medium-sized businesses. Through its Private Equity arm, the company primarily targets investments where it holds a majority or shared controlling interest, focusing on companies that are currently under-capitalized. The Real Estate group is involved in financing new property developments and the strategic repositioning of existing assets, often taking control or majority-control stakes. This group also creates and invests in specialized financing opportunities for middle-market commercial real estate owners and operators. Established in 1997, the company, formerly known as Ares Management, L.P., is headquartered in Los Angeles, California, and maintains a global footprint with additional offices across the United States, Europe, and Asia. Ares Management GP LLC serves as its general partner.

CEO
Michael J. Arougheti
Headquarters
Los Angeles, CA
Employees
4,343
IPO
2014-05-02
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.