Ares ManagementARES +0.12%78 PB Ratio is 10.70 as of Jul. 10, 2026, which is 28% above its 10-year median of 8.35. GuruFocus rates ARES with a GF Score™ of 78/100 and a GF Value™ of $184.87 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,602 Asset Management companies, Ares Management ranks worse than 97.88% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-10), Ares Management's share price is $121.81. Ares Management's Book Value per Share for the quarter that ended in Mar. 2026 was $11.38. Hence, Ares Management's PB Ratio of today is 10.70.
The historical rank and industry rank for Ares Management's PB Ratio or its related term are showing as below:
ARES'
s PB Ratio Range Over the Past 10 Years
Min: 2.17 Med: 8.35 Max: 19.33
Current: 10.7
During the past 13 years, Ares Management's highest PB Ratio was 19.33. The lowest was 2.17. And the median was 8.35.
ARES's PB Ratio is ranked worse than 97.88% of 1602
companies
in the Asset Management industry
Industry Median: 0.95
vs ARES: 10.70
During the past 12 months, Ares Management's average Book Value Per Share Growth Rate was -17.00% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 12.30% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 11.10% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 14.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Ares Management was 55.10% per year. The lowest was -20.70% per year. And the median was 1.35% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Ares Management PB Ratio Related Terms
Ares Management PB Ratio Historical Data
* Premium members only.
The historical data trend for Ares Management's 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.
For the Asset Management subindustry, Ares Management's PB Ratio, along with its competitors' market caps and 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 PB Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ares Management's PB Ratio distribution charts can be found below:
* The bar in red indicates where Ares Management's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Ares Management's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Ares Management (ARES) has a PB Ratio of 10.70 as of Jul. 10, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ares Management and its competitors. This is 28% above median its historical median of 8.35. Over the past decade, Ares Management's PB Ratio has ranged from 2.17 to 19.33. According to the industry distribution chart, Ares Management ranks #1568 out of 1602 companies in the Asset Management industry, placing it in the top 97.9%.
Is Ares Management's PB Ratio too high?
Ares Management's current PB Ratio of 10.70 is 28% above median its 10-year median of 8.35. Over the past 10 years, this metric has ranged from a low of 2.17 to a high of 19.33. The Asset Management industry median PB Ratio is 0.95. Ares Management's value of 10.70 is 1026.3% above this industry median. Based on the distribution chart, Ares Management ranks #1568 out of 1602 companies in the Asset Management industry, which is in the bottom quartile relative to peers. 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 PB Ratio compare to TROW and PFG?
According to the Asset Management industry distribution chart, Ares Management ranks #1568 out of 1602 companies for PB Ratio. This places Ares Management in the lower half of its industry. The industry median PB Ratio is 0.95. Ares Management's value of 10.70 is 1026.3% above this benchmark. Historically, Ares Management's own PB Ratio has ranged from 2.17 to 19.33 over the past decade. While the company's 10-year median is 8.35 vs. the industry median of 0.95, 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 PB Ratio for an Asset Management company?
The median PB Ratio among Asset Management companies is 0.95, based on 1,602 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ares Management's current PB Ratio of 10.70 is 1026.3% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Ares Management and its competitors. For the Asset Management industry, the median PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Management's current PB Ratio is 10.70, which is 28% above median its own 10-year median of 8.35. 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 (ARES) is currently considered Possible Value Trap. The stock's GF Value™ is $184.87, compared to a current price of $121.81 — trading 34.1% below its estimated fair value. The current PB Ratio is 10.70, which is 28% above median its 10-year median of 8.35 and 1026.3% above the Asset Management industry median of 0.95. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Ares Management (ARES), the current PB Ratio is 10.70 as of Jul. 10, 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 (ARES) Overvalued in 2026?
Based on GuruFocus' analysis, Ares Management stock appears to be undervalued.
The current stock price of $121.81 is trading 34.1% below its estimated GF Value™ of $184.87.
GuruFocus considers Ares Management to be Possible Value Trap.
Key valuation signals for ARES:
PB Ratio: 10.70 (28% above median its 10-year median of 8.35)
GF Value™: $184.87 vs. price of $121.81 (34.1% below fair value)
Industry Position: 1026.3% above the Asset Management median (#1568 of 1602)
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 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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