Ares ManagementHAM:0QN -1.62%78 Pretax Margin % is 22.41% as of Mar. 2026, which is 4% below its 10-year median of 23.36. GuruFocus rates HAM:0QN with a GF Score™ of 78/100 and a GF Value™ of €165.69 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,576 Asset Management companies, Ares Management ranks worse than 73.29% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Ares Management Pretax Margin % Related Terms
Ares Management Pretax Margin % Historical Data
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The historical data trend for Ares Management's Pretax Margin % 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 RJF, NTRS, TROW: Pretax Margin % Comparison
For the Asset Management subindustry, Ares Management's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Ares Management's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Ares Management's Pretax Margin % falls into.
* 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 Pretax Margin % of 22.41% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ares Management and its competitors. This is near median its historical median of 23.36. Over the past decade, Ares Management's Pretax Margin % has ranged from 10.13 to 36.70. According to the industry distribution chart, Ares Management ranks #1155 out of 1576 companies in the Asset Management industry, placing it in the top 73.3%.
Is Ares Management's Pretax Margin % too high?
Ares Management's current Pretax Margin % of 22.41% is near median its 10-year median of 23.36. Over the past 10 years, this metric has ranged from a low of 10.13 to a high of 36.70. The Asset Management industry median Pretax Margin % is 89.48. Ares Management's value of 22.41% is 75% below this industry median. Based on the distribution chart, Ares Management ranks #1155 out of 1576 companies in the Asset Management industry, which is below the industry midpoint. 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 Pretax Margin % compare to RJF and NTRS?
According to the Asset Management industry distribution chart, Ares Management ranks #1155 out of 1576 companies for Pretax Margin %. This places Ares Management in the lower half of its industry. The industry median Pretax Margin % is 89.48. Ares Management's value of 22.41% is 75% below this benchmark. Historically, Ares Management's own Pretax Margin % has ranged from 10.13 to 36.70 over the past decade. While the company's 10-year median is 23.36 vs. the industry median of 89.48, Ares Management has consistently been below 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 Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 89.48, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ares Management's current Pretax Margin % of 22.41% is 75% below 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 Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Ares Management and its competitors. For the Asset Management industry, the median Pretax Margin % is 89.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Management's current Pretax Margin % is 22.41%, which is near median its own 10-year median of 23.36. 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 €165.69, compared to a current price of €97.38 — trading 41.2% below its estimated fair value. The current Pretax Margin % is 22.41%, which is near median its 10-year median of 23.36 and 75% below the Asset Management industry median of 89.48. 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 Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Ares Management (HAM:0QN), the current Pretax Margin % is 22.41% as of Mar. 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 €97.38 is trading 41.2% below its estimated GF Value™ of €165.69.
GuruFocus considers Ares Management to be Possible Value Trap.
Key valuation signals for HAM:0QN:
Pretax Margin %: 22.41% (near median its 10-year median of 23.36)
GF Value™: €165.69 vs. price of €97.38 (41.2% below fair value)
Industry Position: 75% below the Asset Management median (#1155 of 1576)
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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