Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Ares Management's Enterprise Value is €39,380 Mil.
Ares Management's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €1,912 Mil. Therefore, Ares Management's EV-to-EBIT ratio for today is 20.60.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Ares Management's Enterprise Value is €39,380 Mil.
Ares Management's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was €1,912 Mil. Therefore, Ares Management's EV-to-EBITDA ratio for today is 20.60.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Ares Management's Enterprise Value is €39,380 Mil.
Ares Management's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was €5,076 Mil. Therefore, Ares Management's EV-to-Revenue ratio for today is 7.76.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Ares Management's Enterprise Value is €39,380 Mil.
Ares Management's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was €1,385 Mil. Therefore, Ares Management's EV-to-FCF ratio for today is 28.44.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
Ares Management (HAM:0QN) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
Ares Management's current Enterprise Value is €39,380 Mil.
Ares Management's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,912 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Ares Management's current Enterprise Value is €39,380 Mil.
Ares Management's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,912 Mil.
Ares Management's current Enterprise Value is €39,380 Mil.
Ares Management's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €5,076 Mil.
Ares Management's current Enterprise Value is €39,380 Mil.
Ares Management's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,441 Mil.
Ares Management's current Enterprise Value is €39,380 Mil.
Ares Management's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was €1,385 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 Management Enterprise Value Related Terms
Ares Management Enterprise Value Historical Data
* Premium members only.
The historical data trend for Ares Management's Enterprise Value 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.
HAM:0QN vs TROW, PFG, RJF: Enterprise Value Comparison
For the Asset Management subindustry, Ares Management's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ares Management's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Ares Management's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
Ares Management's Enterprise Value for the fiscal year that ended in Dec. 2025 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.
Ares Management (HAM:0QN) has a Enterprise Value of €39,380 Mil as of Jul. 04, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ares Management and its competitors.
Is Ares Management's Enterprise Value too high?
Ares Management's current Enterprise Value is €39,380 Mil. Overall, Ares Management has a GF Score™ of 78/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Ares Management's Enterprise Value compare to TROW and PFG?
Ares Management's Enterprise Value of €39,380 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Asset Management company?
A good Enterprise Value depends on the Asset Management industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Ares Management and its competitors. Ares Management's current Enterprise Value is €39,380 Mil. 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 (HAM:0QN) is currently considered Possible Value Trap. The stock's GF Value™ is €162.24, compared to a current price of €102.35 — trading 36.9% below its estimated fair value. The current Enterprise Value is €39,380 Mil. Ares Management's overall GF Score™ is 78/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Ares Management (HAM:0QN), the current Enterprise Value is €39,380 Mil as of Jul. 04, 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 (HAM:0QN) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Management stock appears to be undervalued.
The current stock price of €102.35 is trading 36.9% below its estimated GF Value™ of €162.24.
GuruFocus considers Ares Management to be Possible Value Trap.
Key valuation signals for HAM:0QN:
Enterprise Value: €39,380 Mil
GF Value™: €162.24 vs. price of €102.35 (36.9% below fair value)
No single metric tells the full story. See the HAM:0QN 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.
78GF Score
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