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Ares Management price to book ratio ARES

Market value divided by the book value of the company's net assets, since 2014.

Today, Oct 23, 2026
10.2×
10-year median
8.0×
Against its 10-year history
61st
percentile: 0 is its lowest day, 100 its highest
10-year range
1.0× to 29.9×
Peer median
2.5×

Ares Management's price to book ratio is 10.2× as of Oct 23, 2026.

That is above its ten-year median of 8.0×, close to the middle of its last ten years.

Over that time it ranged from 1.0× in Dec 2016 to 29.9× in Jan 2025.

The median for 10 asset managers of a similar size is 2.5×.

Price to book ratio over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far10.2×7.7×12.9×
202512.3×10.5×29.9×
202427.1×21.2×27.5×
2023n/m a value too high to mean anything
2022n/m a value too high to mean anything
2021n/m a value too high to mean anything
2020n/m a value too high to mean anything
20199.0×4.9×9.0×
20184.9×4.6×7.5×
20176.1×1.1×6.7×
20161.2×1.0×6.1×
20154.1×4.1×5.7×
20144.5×4.3×5.0×

Against its peers

Companies in Asset Management nearest Ares Management's size, closest first, today.

CompanyPrice to book ratio
ARESAres Management10.2×
AMPAmeriprise Financial6.8×
STTState Street1.6×
NTRSNorthern Trust2.3×
RJFRaymond James Financial2.4×
APOApollo Global Management3.2×
PFGPrincipal Financial1.9×
TROWT. Rowe Price2.0×
KKRKKR2.6×
BXBlackstone9.8×
TPGTPG13.9×
Peer median2.5×

What the price to book ratio tells you

Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.

Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.

More on Ares Management

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.