Ares Management Valuation Multiples

Ares Management Overview

About Ares Management

Ares Management is one of the world's largest alternative-asset managers, with $595.7 billion in total assets under management, or AUM, including $367.6 billion in fee-earning AUM, at the end of September 2025. The company has four main business segments: private credit ($391.5 billion in total AUM and $240.2 billion in fee-earning AUM), private equity, ($25.1 billion/$11.8 billion), real estate/real assets ($132.4 billion/$80.5 billion), and other alternatives ($46.7 billion/$35.1 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.

Founded

1997

HQ

Employees

4.3K

Website

aresmgmt.com

Sectors

PE & VCAsset Management

Financials (LTM)

Revenue: $6B

EBITDA: $2B

EV

$41B

Valuation Multiples

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Ares Management Financials

Ares Management reported last 12-month revenue of $6B and EBITDA of $2B.

In the same LTM period, Ares Management generated $2B in EBITDA and $2B in net income.

Ares Management P&L

In the most recent fiscal year, Ares Management reported revenue of $6B and EBITDA of $2B.

Ares Management expects next 12-month revenue of XXX and NTM EBITDA of XXX

Ares Management Stock Performance

Ares Management has current market cap of $26B, and enterprise value of $41B.

Ares Management's stock price is $117.78.

Ares Management Valuation Multiples

Ares Management trades at 7.2x EV/Revenue multiple, and 20.2x EV/EBITDA.

Ares Management Financial Valuation Multiples

As of April 20, 2026, Ares Management has market cap of $26B and EV of $41B.

Equity research analysts estimate Ares Management's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Ares Management has a P/E ratio of 16.1x.

Ares Management Margins & Growth Rates

Ares Management's revenue in the last 12 month grew by 8%.

Ares Management's revenue per employee in the last FY averaged $1.3M, while opex per employee averaged $0.6M for the same period.

Ares Management's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Ares Management's rule of X is 49% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Ares Management Public Comps

See public comps and valuation multiples for other PE & VC and Asset Management comps.

Ares Management M&A Activity

Ares Management acquired XXX companies to date.

Last acquisition by Ares Management was on XXXXXXXX, XXXXX. Ares Management acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Ares Management Investment Activity

Ares Management invested in XXX companies to date.

Ares Management made its latest investment on XXXXXXXX, XXXXX. Ares Management invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).