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ARES (Ares Management) Cyclically Adjusted Price-to-FCF : (As of Jun. 03, 2025)


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What is Ares Management Cyclically Adjusted Price-to-FCF?

Shiller PE for Stocks: The True Measure of Stock Valuation


Ares Management Cyclically Adjusted Price-to-FCF Historical Data

The historical data trend for Ares Management's Cyclically Adjusted Price-to-FCF 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.

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Ares Management Cyclically Adjusted Price-to-FCF Chart

Ares Management Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Price-to-FCF
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Ares Management Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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Competitive Comparison of Ares Management's Cyclically Adjusted Price-to-FCF

For the Asset Management subindustry, Ares Management's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Price-to-FCF Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Ares Management's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Ares Management's Cyclically Adjusted Price-to-FCF falls into.


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Ares Management Cyclically Adjusted Price-to-FCF Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted Price-to-FCF takes the Free Cash Flow per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/FCF calculation. Because it considers this 10-year average, it's often referred to as the CAPFCF 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 Price-to-FCF.

Ares Management's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Ares Management's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2025 was:

Adj_FreeCashFlowPerShare=Free Cash Flow per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=9.421/134.9266*134.9266
=9.421

Current CPI (Mar. 2025) = 134.9266.

Ares Management Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201506 0.752 100.684 1.008
201509 0.117 100.392 0.157
201512 -0.105 99.792 -0.142
201603 -0.348 100.470 -0.467
201606 1.115 101.688 1.479
201609 -3.922 101.861 -5.195
201612 -4.419 101.863 -5.853
201703 -3.724 102.862 -4.885
201706 -0.276 103.349 -0.360
201709 -10.890 104.136 -14.110
201712 -8.220 104.011 -10.663
201803 0.363 105.290 0.465
201806 -13.999 106.317 -17.766
201809 -4.487 106.507 -5.684
201812 2.975 105.998 3.787
201903 -3.187 107.251 -4.009
201906 -8.097 108.070 -10.109
201909 -3.242 108.329 -4.038
201912 -3.130 108.420 -3.895
202003 -3.095 108.902 -3.835
202006 1.412 108.767 1.752
202009 1.029 109.815 1.264
202012 -2.200 109.897 -2.701
202103 -4.548 111.754 -5.491
202106 -1.837 114.631 -2.162
202109 -4.192 115.734 -4.887
202112 -4.044 117.630 -4.639
202203 1.238 121.301 1.377
202206 -4.580 125.017 -4.943
202209 0.083 125.227 0.089
202212 -1.118 125.222 -1.205
202303 3.904 127.348 4.136
202306 -3.665 128.729 -3.841
202309 1.585 129.860 1.647
202312 -2.483 129.419 -2.589
202403 3.551 131.776 3.636
202406 2.054 132.554 2.091
202409 4.057 133.029 4.115
202412 3.940 133.157 3.992
202503 9.421 134.927 9.421

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF 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 Price-to-FCF Explanation

Compared with the regular Price-to-Free-Cash-Flow, which works poorly for cyclical businesses, the Cyclically Adjusted Price-to-FCF smoothed out the fluctuations of free cash flow 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 Price-to-FCF should give similar results to regular Price-to-Free-Cash-Flow.


Ares Management Cyclically Adjusted Price-to-FCF Related Terms

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


Ares Management Business Description

Traded in Other Exchanges
Address
1800 Avenue of the Stars, Suite 1400, 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, Secondaries Group, and Others. 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 & infrastructure investments. The Secondaries Group invests in secondary markets across a range of alternative asset class strategies, including private equity, real estate, infrastructure, & credit.
Executives
David B Kaplan director, officer: Co-Founder & Senior Partner 1999 AVENUE OF THE STARS, SUITE 1900, LOS ANGELES CA 90067
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
Ashish Bhutani director
R. Kipp Deveer officer: Partner 245 PARK AVENUE, 44TH FLOOR, NEW YORK NY 10167
Ryan Berry officer: Ptr, Chief Mktg. & Strat. Off. C/O ARES MANAGEMENT LLC, 2000 AVENUE OF THE STARS, 12TH FLOOR, LOS ANGELES CA 90067
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
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