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Ares ManagementBSP:A2RE34 +1.81%17 Cyclically Adjusted PB Ratio is 15.40 as of Aug. 30, 2026, which is 5% below its 10-year median of 16.24. GuruFocus rates BSP:A2RE34 with a GF Score™ of 17/100 and a GF Value™ of R$94.62 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 973 Asset Management companies, Ares Management ranks worse than 98.97% on this metric.
The historical rank and industry rank for Ares Management's Cyclically Adjusted PB Ratio or its related term are showing as below:
BSP:A2RE34'
s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.86 Med: 16.24 Max: 25.45
Current: 15.21
During the past years, Ares Management's highest Cyclically Adjusted PB Ratio was 25.45. The lowest was 8.86. And the median was 16.24.
BSP:A2RE34's Cyclically Adjusted PB Ratio is ranked worse than 98.97% of 973
companies
in the Asset Management industry
Industry Median: 0.85
vs BSP:A2RE34: 15.21
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 Jun. 2026 was R$56.986. 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 R$4.85 for the trailing ten years ended in Jun. 2026.
Shiller PE for Stocks: The True Measure of Stock Valuation
Ares Management (BSP:A2RE34) 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
Ares Management Cyclically Adjusted PB Ratio Historical Data
* Premium members only.
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.
Ares Management Cyclically Adjusted PB Ratio Chart
BSP:A2RE34 vs TROW, RJF, PFG: Cyclically Adjusted PB Ratio Comparison
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 Cyclically Adjusted PB Ratio vs 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
* 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.
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.
What does a Cyclically Adjusted PB Ratio of 15.40 mean?
Ares Management (BSP:A2RE34) has a Cyclically Adjusted PB Ratio of 15.40 as of Aug. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ares Management and its competitors. This is near median its historical median of 16.24. Over the past decade, Ares Management's Cyclically Adjusted PB Ratio has ranged from 8.86 to 25.45. According to the industry distribution chart, Ares Management ranks #963 out of 973 companies in the Asset Management industry, placing it in the top 99%.
Is Ares Management's Cyclically Adjusted PB Ratio too high?
Ares Management's current Cyclically Adjusted PB Ratio of 15.40 is near median its 10-year median of 16.24. Over the past 10 years, this metric has ranged from a low of 8.86 to a high of 25.45. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.85. Ares Management's value of 15.40 is 1711.8% above this industry median. Based on the distribution chart, Ares Management ranks #963 out of 973 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Ares Management has a GF Score™ of 17/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Ares Management's Cyclically Adjusted PB Ratio compare to TROW and RJF?
According to the Asset Management industry distribution chart, Ares Management ranks #963 out of 973 companies for Cyclically Adjusted PB Ratio. This places Ares Management in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.85. Ares Management's value of 15.40 is 1711.8% above this benchmark. Historically, Ares Management's own Cyclically Adjusted PB Ratio has ranged from 8.86 to 25.45 over the past decade. While the company's 10-year median is 16.24 vs. the industry median of 0.85, Ares Management has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.85, based on 973 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ares Management's current Cyclically Adjusted PB Ratio of 15.40 is 1711.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Ares Management and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Management's current Cyclically Adjusted PB Ratio is 15.40, which is near median its own 10-year median of 16.24. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Management stock overvalued right now?
Based on GuruFocus' analysis, Ares Management (BSP:A2RE34) is currently considered Modestly Undervalued. The stock's GF Value™ is R$94.62, compared to a current price of R$74.69 — trading 21.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 15.40, which is near median its 10-year median of 16.24 and 1711.8% above the Asset Management industry median of 0.85. Ares Management's overall GF Score™ is 17/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Ares Management (BSP:A2RE34), the current Cyclically Adjusted PB Ratio is 15.40 as of Aug. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Ares Management (BSP:A2RE34) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Management stock appears to be undervalued.
The current stock price of R$74.69 is trading 21.1% below its estimated GF Value™ of R$94.62.
GuruFocus considers Ares Management to be Modestly Undervalued.
Key valuation signals for BSP:A2RE34:
Cyclically Adjusted PB Ratio: 15.40 (near median its 10-year median of 16.24)
GF Value™: R$94.62 vs. price of R$74.69 (21.1% below fair value)
Industry Position: 1711.8% above the Asset Management median (#963 of 973)
No single metric tells the full story. See the BSP:A2RE34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ares Management is one of the world's largest alternative-asset managers, with $622.5 billion in total assets under management, or AUM, including $384.9 billion in fee-earning AUM, at the end of 2025. The company has four main business segments: credit strategies ($406.9 billion in total AUM and $249.8 billion in fee-earning AUM), private equity, ($25.3 billion/$14.4 billion), real estate/real assets ($139.1 billion/$84.1 billion), and other alternatives ($51.2 billion/$36.6 billion). The firm primarily serves institutional investors (80% of AUM) and high-net-worth individuals (20%). Ares operates through more than 35 offices in over 15 countries around the globe.
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