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ARES (Ares Management) Cyclically Adjusted PB Ratio : 23.88 (As of Dec. 14, 2024)


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What is Ares Management Cyclically Adjusted PB Ratio?

As of today (2024-12-14), Ares Management's current share price is $182.45. Ares Management's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 was $7.64. Ares Management's Cyclically Adjusted PB Ratio for today is 23.88.

The historical rank and industry rank for Ares Management's Cyclically Adjusted PB Ratio or its related term are showing as below:

ARES' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.9   Med: 14.66   Max: 23.92
Current: 23.92

During the past years, Ares Management's highest Cyclically Adjusted PB Ratio was 23.92. The lowest was 8.90. And the median was 14.66.

ARES's Cyclically Adjusted PB Ratio is ranked worse than
99.46% of 933 companies
in the Asset Management industry
Industry Median: 0.8 vs ARES: 23.92

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ares Management's adjusted book value per share data for the three months ended in Sep. 2024 was $10.287. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $7.64 for the trailing ten years ended in Sep. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ares Management Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ares Management's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Ares Management Cyclically Adjusted PB Ratio Chart

Ares Management Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - 10.17 16.59

Ares Management Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.37 16.59 18.21 17.83 20.40

Competitive Comparison of Ares Management's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Ares Management's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Ares Management's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ares Management's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ares Management's Cyclically Adjusted PB Ratio falls into.



Ares Management Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Ares Management's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=182.45/7.64
=23.88

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ares Management's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2024 is calculated as:

For example, Ares Management's adjusted Book Value per Share data for the three months ended in Sep. 2024 was:

Adj_Book=Book Value per Share/CPI of Sep. 2024 (Change)*Current CPI (Sep. 2024)
=10.287/133.0289*133.0289
=10.287

Current CPI (Sep. 2024) = 133.0289.

Ares Management Quarterly Data

Book Value per Share CPI Adj_Book
201412 3.516 99.070 4.721
201503 3.589 99.621 4.793
201506 3.540 100.684 4.677
201509 3.174 100.392 4.206
201512 3.060 99.792 4.079
201603 2.858 100.470 3.784
201606 6.922 101.688 9.055
201609 7.122 101.861 9.301
201612 7.321 101.863 9.561
201703 6.509 102.862 8.418
201706 6.932 103.349 8.923
201709 6.930 104.136 8.853
201712 3.341 104.011 4.273
201803 6.891 105.290 8.706
201806 6.524 106.317 8.163
201809 5.844 106.507 7.299
201812 2.846 105.998 3.572
201903 2.918 107.251 3.619
201906 3.134 108.070 3.858
201909 3.952 108.329 4.853
201912 4.074 108.420 4.999
202003 4.531 108.902 5.535
202006 4.775 108.767 5.840
202009 5.864 109.815 7.104
202012 6.080 109.897 7.360
202103 5.758 111.754 6.854
202106 9.949 114.631 11.546
202109 10.249 115.734 11.781
202112 10.622 117.630 12.013
202203 9.677 121.301 10.613
202206 9.350 125.017 9.949
202209 8.594 125.227 9.129
202212 8.959 125.222 9.518
202303 9.218 127.348 9.629
202306 9.474 128.729 9.790
202309 9.226 129.860 9.451
202312 9.936 129.419 10.213
202403 9.085 131.776 9.171
202406 10.050 132.554 10.086
202409 10.287 133.029 10.287

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Ares Management  (NYSE:ARES) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Ares Management Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Ares Management's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Ares Management Business Description

Traded in Other Exchanges
Address
2000 Avenue of the Stars, 12th Floor, Los Angeles, CA, USA, 90067
Ares Management Corp is an asset management company. It offers investors investment-related advice and strategies for capital growth. The company's operating segments include Credit Group, Private Equity Group, Real Assets and Secondaries Group. Its Credit Group generates maximum revenue, and manages credit strategies across the liquid and illiquid spectrum. Private Equity Group manages investment strategies categorized as corporate private equity, infrastructure and power, and special opportunities, Real Estate Group manages comprehensive equity and debt strategies across real estate and infrastructure investments. The Secondaries Group invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure and credit.
Executives
Michael J Arougheti director, officer: Co-Founder & President 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Bennett Rosenthal director, officer: Co-Founder & Senior Partner 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
David B Kaplan director, officer: Co-Founder & Senior Partner 1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Ryan Berry officer: Ptr, Chief Mktg. & Strat. Off. C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
R. Kipp Deveer officer: Partner 245 PARK AVENUE, 44TH FLOOR, NEW YORK NY 10167
Judy D. Olian director 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067
Antony P Ressler director, officer: Chairman, CEO, Co-Founder 1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
Ashish Bhutani director
Aghili Naseem Sagati officer: General Counsel 2000 AVENUE OF THE STARS, LOS ANGELES CA 90067
Bush Antoinette Cook director NORTHPOINT TECHNOLOGY, 444 N CAPITOL STREET NW STE 645, WASHINGTON DC 20001
Eileen Naughton director C/O GOOGLE INC., 76 NINTH AVENUE, 4TH FLOOR, NEW YORK NY 10011
Ares Management Corp officer: Chief Financial Officer 2000 AVE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
Jarrod Phillips officer: Chief Financial Officer C/O ARES MANAGEMENT LLC, 245 PARK AVENUE, 42ND FLOOR, NEW YORK NY 100167
Michael R Mcferran officer: EVP, CFO & Treasurer 555 CALIFORNIA STREET, 50TH FLOOR, SAN FRANCISCO CA 94104
Michael D Weiner officer: EVP, CLO & Secretary 10250 CONSTELLATION BLVD, SUITE 2900, LOS ANGELES CA 90067-6229