Ares Management (HAM:0QN) ROE %: 13.83% (As of Mar. 2026) — 15% Below Median


HAM:0QN Ares Management Corp HAM:0QN
78 GF Score
Price €97.38
GF Value €165.69
Valuation Possible Value Trap
! 7 Warning Signs
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What is Ares Management ROE %?

Ares Management HAM:0QN -1.62% 78 ROE % is 13.83% as of Mar. 2026, which is 15% below its 10-year median of 16.29. 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 1,609 Asset Management companies, Ares Management ranks better than 74.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Ares Management's annualized net income for the quarter that ended in Mar. 2026 was €493 Mil. Ares Management's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €3,567 Mil. Therefore, Ares Management's annualized ROE % for the quarter that ended in Mar. 2026 was 13.83%.

The historical rank and industry rank for Ares Management's ROE % or its related term are showing as below:

HAM:0QN' s ROE % Range Over the Past 10 Years
Min: 9.81   Med: 16.29   Max: 27.24
Current: 14.42

During the past 13 years, Ares Management's highest ROE % was 27.24%. The lowest was 9.81%. And the median was 16.29%.

HAM:0QN's ROE % is ranked better than
74.21% of 1609 companies
in the Asset Management industry
Industry Median: 6.52 vs HAM:0QN: 14.42

Ares Management  (HAM:0QN) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=493.356/3566.623
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(493.356 / 4831.668)*(4831.668 / 24507.257)*(24507.257 / 3566.623)
=Net Margin %*Asset Turnover*Equity Multiplier
=10.21 %*0.1972*6.8713
=ROA %*Equity Multiplier
=2.01 %*6.8713
=13.83 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=493.356/3566.623
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (493.356 / 1082.708) * (1082.708 / 788.788) * (788.788 / 4831.668) * (4831.668 / 24507.257) * (24507.257 / 3566.623)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.4557 * 1.3726 * 16.33 % * 0.1972 * 6.8713
=13.83 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Ares Management ROE % Related Terms


Ares Management ROE % Historical Data

* Premium members only.

The historical data trend for Ares Management's ROE % 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 ROE % Chart

Ares Management Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.87 10.15 26.88 17.30 12.80

Ares Management Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % 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 4.65 12.03 25.93 4.97 13.83

HAM:0QN vs TROW, PFG, RJF: ROE % Comparison

For the Asset Management subindustry, Ares Management's ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Ares Management's ROE % distribution charts can be found below:

* The bar in red indicates where Ares Management's ROE % falls into.


HAM:0QN
78GF Score
Ares Management Corp HAM:0QN
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Ares Management ROE % Calculation

Ares Management's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=450.367/( (3384.182+3651.245)/ 2 )
=450.367/3517.7135
=12.80 %

Ares Management's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=493.356/( (3651.245+3482.001)/ 2 )
=493.356/3566.623
=13.83 %

* 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.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 13.83% mean?
Ares Management (HAM:0QN) has a ROE % of 13.83% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ares Management and its competitors. This is 15% below median its historical median of 16.29. Over the past decade, Ares Management's ROE % has ranged from 9.81 to 27.24. According to the industry distribution chart, Ares Management ranks #415 out of 1609 companies in the Asset Management industry, placing it in the top 25.8%.
Is Ares Management's ROE % too high?
Ares Management's current ROE % of 13.83% is 15% below median its 10-year median of 16.29. Over the past 10 years, this metric has ranged from a low of 9.81 to a high of 27.24. The Asset Management industry median ROE % is 6.52. Ares Management's value of 13.83% is 112.1% above this industry median. Based on the distribution chart, Ares Management ranks #415 out of 1609 companies in the Asset Management industry, which is above 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 ROE % compare to TROW and PFG?
According to the Asset Management industry distribution chart, Ares Management ranks #415 out of 1609 companies for ROE %. This puts Ares Management in the upper half of its industry. The industry median ROE % is 6.52. Ares Management's value of 13.83% is 112.1% above this benchmark. Historically, Ares Management's own ROE % has ranged from 9.81 to 27.24 over the past decade. While the company's 10-year median is 16.29 vs. the industry median of 6.52, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.52, based on 1,609 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ares Management's current ROE % of 13.83% is 112.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Ares Management and its competitors. For the Asset Management industry, the median ROE % is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ares Management's current ROE % is 13.83%, which is 15% below median its own 10-year median of 16.29. 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 ROE % is 13.83%, which is 15% below median its 10-year median of 16.29 and 112.1% above the Asset Management industry median of 6.52. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Ares Management (HAM:0QN), the current ROE % is 13.83% 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:

  • ROE %: 13.83% (15% below median its 10-year median of 16.29)
  • GF Value™: €165.69 vs. price of €97.38 (41.2% below fair value)
  • GF Score™: 78/100 with 7 warning signs
  • Industry Position: 112.1% above the Asset Management median (#415 of 1609)

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 Business Description

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.
78GF Score

Get the complete analysis for HAM:0QN

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€97.38
Price
€165.69
GF Value