---
title: Ares Management (ARES) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/ares
ticker: ARES
as_of: 2026-10-17
sector: Financial Services
industry: Asset Management
---
# Ares Management (ARES)

Ares Management (ARES) closed at $112.27 on Oct 16, 2026, overvalued by 60% vs its model value of $70.16 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $112.27 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $70.16 |
| Price vs model | overvalued by 60% vs model |
| Range of that model | $58.03 – $96.29 |
| Market value | $36.9B |
| P/E (fiscal 2025) | — |
| Net margin (fiscal 2025) | 8.2% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 4.60% |
| Beta | 1.55 |
| Cost of capital (WACC) | 10.77% |
| Business classification | Mature & Stable (High revenue growth (~24% recent), Moderate margins (9% net margin), Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #39 | 4.60% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Worst performing this year | #36 | −30.5% | https://sweetvaluelab.com/lists/worst-performing-this-year |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.60% |
| Dividends per share, last 12 months | $5.17 |
| Coverage | — |
| Raised | 9 years in a row |
| Growth over 5 years | 23.4% a year |
| Latest payment | $1.35, ex-date Sep 16, 2026, paid Sep 30, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 15, 2021 | $1.81 |
| To Sep 15, 2022 | $2.30 |
| To Sep 14, 2023 | $2.92 |
| To Sep 16, 2024 | $3.56 |
| To Sep 16, 2025 | $4.29 |
| Trailing twelve months (to Sep 16, 2026) | $5.17 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/E · peers | primary | $70.16 | $58.03 | $96.29 |
| P/E · own history | cross check | $377.11 | $272.17 | $501.39 |
| PEG | sanity check | $0.00 | $0.00 | $0.00 |
| Dividend discount | cross check | $96.77 | $70.28 | $132.29 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Aug 20, 2026 | Jacobson Blair | Co-President | Bona fide gift | 8,000 | $0 |
| Jul 30, 2026 | BUSH ANTOINETTE COOK | Director | Grant / award | 1,728 | $0 |
| Jul 30, 2026 | BHUTANI ASHISH | Director | Grant / award | 1,728 | $0 |
| Jul 30, 2026 | Naughton Eileen | Director | Grant / award | 1,728 | $0 |
| Jul 30, 2026 | Olian Judy D. | Director | Grant / award | 1,728 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 30, 2026 | 8-K | 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1176948/000162828026063870/ares-20260930.htm |
| Aug 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1176948/000162828026054538/ares-20260630.htm |
| Jul 31, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1176948/000162828026051191/ares-20260731.htm |
| Jul 10, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure | https://www.sec.gov/Archives/edgar/data/1176948/000162828026047830/ares-20260710.htm |
| Jun 11, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/1176948/000162828026042576/ares-20260608.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Vulcan Value | 2026-06-30 | 1,902,580 | $211.8M |
| Loeb | 2026-06-30 | 375,000 | $41.7M |
| Soros | 2026-06-30 | 54,026 | $6.0M |

3 tracked managers in all.

## About

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…

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Source: https://sweetvaluelab.com/stocks/ares (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.