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Ares CapitalARCC 57 EV-to-OCF is -43.54 as of Aug. 20, 2026. GuruFocus rates ARCC with a GF Score™ of 57/100 and a GF Value™ of $19.69 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,504 Asset Management companies, Ares Capital ranks better than 87.37% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ares Capital's Enterprise Value is $29,607 Mil.
Ares Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was $-680 Mil. Therefore, Ares Capital's EV-to-OCF for today is -43.54.
The historical rank and industry rank for Ares Capital's EV-to-OCF or its related term are showing as below:
ARCC'
s EV-to-OCF Range Over the Past 10 Years
Min: -153.65 Med: -11.91 Max: 81.82
Current: -43.54
During the past 13 years, the highest EV-to-OCF of Ares Capital was 81.82. The lowest was -153.65. And the median was -11.91.
ARCC's EV-to-OCF is ranked better than 87.37% of 1504
companies
in the Asset Management industry
Industry Median: 5.86
vs ARCC: -43.54
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Ares Capital's PE Ratio (TTM) for today is calculated as:
Ares Capital's share price for today is $19.80.
Ares Capital's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1.350.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
Ares Capital EV-to-OCF Related Terms
Ares Capital EV-to-OCF Historical Data
* Premium members only.
The historical data trend for Ares Capital's EV-to-OCF 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.
For the Asset Management subindustry, Ares Capital's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 Capital EV-to-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ares Capital's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ares Capital's EV-to-OCF falls into.
Ares Capital's current Enterprise Value is $29,607 Mil.
Ares Capital's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-680 Mil.
* 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 Capital (ARCC) has a EV-to-OCF of -43.54 as of Aug. 20, 2026. According to the industry distribution chart, Ares Capital ranks #190 out of 1504 companies in the Asset Management industry, placing it in the top 12.6%.
Is Ares Capital's EV-to-OCF too high?
Ares Capital's current EV-to-OCF is -43.54. Based on the distribution chart, Ares Capital ranks #190 out of 1504 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Ares Capital has a GF Score™ of 57/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ares Capital's EV-to-OCF compare to PS and IVZ?
According to the Asset Management industry distribution chart, Ares Capital ranks #190 out of 1504 companies for EV-to-OCF. This places Ares Capital in the top 13% of its industry — outperforming the majority of peers. The industry median EV-to-OCF is 5.86. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.86, based on 1,504 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Capital's current EV-to-OCF is -43.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ares Capital stock overvalued right now?
Based on GuruFocus' analysis, Ares Capital (ARCC) is currently considered Fairly Valued. The stock's GF Value™ is $19.69, compared to a current price of $19.80 — trading 0.6% above its estimated fair value. The current EV-to-OCF is -43.54. Ares Capital's overall GF Score™ is 57/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Ares Capital (ARCC), the current EV-to-OCF is -43.54 as of Aug. 20, 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 Capital (ARCC) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Capital stock appears to be overvalued.
The current stock price of $19.80 is trading 0.6% above its estimated GF Value™ of $19.69.
GuruFocus considers Ares Capital to be Fairly Valued.
Key valuation signals for ARCC:
EV-to-OCF: -43.54
GF Value™: $19.69 vs. price of $19.80 (0.6% above fair value)
No single metric tells the full story. See the ARCC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing in first lien senior secured loans (including unitranche loans, which are loans that combine both senior and subordinated debt, generally in a first lien position) and second lien senior secured loans. In addition to senior secured loans, the company also invests in subordinated loans and preferred equity, it also makes common equity investments.
57GF Score
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