ARES (Ares Management) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

ARES Ares Management Corp ARES
81 GF Score
Price $127.71
GF Value $182.98
Valuation Possible Value Trap
! 7 Warning Signs
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What is Ares Management Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


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

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Ares Management Cyclically Adjusted PS Ratio Related Terms


Ares Management Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Ares Management's Cyclically Adjusted PS 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 PS Ratio Chart

Ares Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.92 3.90 6.90 9.43 7.80

Ares Management Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 8.87 7.86 7.75 5.02 5.03

ARES vs NTRS, RJF, PFG: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Ares Management's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Asset Management Industry

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

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


ARES
81GF Score
Ares Management Corp ARES
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Ares Management Cyclically Adjusted PS Ratio Calculation

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

Ares Management's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Ares Management's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=7.414/333.9520*333.9520
=7.414

Current CPI (Jun. 2026) = 333.9520.

Ares Management Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 4.484 241.428 6.202
201612 4.402 241.432 6.089
201703 3.417 243.801 4.681
201706 6.557 244.955 8.939
201709 3.999 246.819 5.411
201712 4.965 246.524 6.726
201803 1.179 249.554 1.578
201806 2.468 251.989 3.271
201809 2.551 252.439 3.375
201812 2.060 251.233 2.738
201903 4.382 254.202 5.757
201906 3.304 256.143 4.308
201909 3.831 256.759 4.983
201912 3.426 256.974 4.452
202003 -2.107 258.115 -2.726
202006 4.674 257.797 6.055
202009 3.195 260.280 4.099
202012 4.863 260.474 6.235
202103 4.156 264.877 5.240
202106 7.147 271.696 8.785
202109 5.315 274.310 6.471
202112 7.109 278.802 8.515
202203 4.242 287.504 4.927
202206 3.378 296.311 3.807
202209 4.587 296.808 5.161
202212 5.252 296.797 5.909
202303 4.613 301.836 5.104
202306 6.169 305.109 6.752
202309 4.023 307.789 4.365
202312 6.325 306.746 6.886
202403 3.906 312.332 4.176
202406 4.539 314.175 4.825
202409 5.926 315.301 6.277
202412 6.430 315.605 6.804
202503 5.624 319.799 5.873
202506 6.809 322.561 7.049
202509 9.215 324.800 9.475
202512 7.985 324.054 8.229
202603 6.846 330.213 6.924
202606 7.414 333.952 7.414

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

Is Ares Management (ARES) Overvalued in 2026?

Based on GuruFocus' analysis, Ares Management stock appears to be undervalued. The current stock price of $127.71 is trading 30.2% below its estimated GF Value™ of $182.98. GuruFocus considers Ares Management to be Possible Value Trap.

Key valuation signals for ARES:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $182.98 vs. price of $127.71 (30.2% below fair value)
  • GF Score™: 81/100 with 7 warning signs

No single metric tells the full story. See the ARES stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ares Management Business Description

Other Exchanges 0QN:GermanyA2RE34:Brazil
Address 1800 Avenue of the Stars, Suite 1400, Los Angeles, CA, USA, 90067
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.
81GF Score

Get the complete analysis for ARES

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$127.71
Price
$182.98
GF Value