Ares Management (ARES)
NYSEFinancialsAsset ManagementSnapshot 2026-10-29
$128.15+0.53%
Close 2026-10-30 · 1-day change
NYSEFinancialsAsset ManagementSnapshot 2026-10-29
Research Workspace
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Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Asset Management & Custody Banks is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — Maintain strong fundraising revenue near $1.3 billion in Q1 2026: Comparison needs review.
View ThesisRevenue growth is accelerating — up about 29% over the past year.
View GrowthRanks in the weakest quality tier of its industry — roughly the bottom 27%, softest on free-cash-flow yield.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 1% on a typical day and fell roughly 45% in its worst 12-month stretch.
View RiskAres’s fundraising and partnership growth must support earnings despite unsteady management and a Mania market cycle. Revenue grew 45% year over year in Q1 FY2026, but Q3 FY2026 GAAP EPS missed consensus. ARES trades at 25× P/E versus a 14× peer median. The price reflects more modest growth than our view. The risk is that the premium over peers proves hard to sustain. Our model puts the next-quarter miss probability near 24%. The thesis is on watch because its fundraising comparison needs review. Peer multiples imply a price about 9% above where it trades; this read is provisional.
Trailing returns as of 2026-10-30. ARES is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 20 analysts currently covering ARES (as of Oct 2026).
Based on 8 Wall Street analysts offering 12-month price targets for ARES in the last 4 months.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| ARES Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 12 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Asset Management & Custody Banks — fair value, gap to price, and forward P/E.
Compare the value case
Put ARES next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Generate over $350 million in net performance income
Ares Capital income decline and earnings miss challenge performance-income expectations, though the headline alone does not establish a thesis break.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $128.15
The last 12 months of price, then the range of analyst 12-month targets from today’s $128.15.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Above average on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
€1.5B venture expands investment capacity and supports fundraising, though its ultimate earnings contribution is unclear.
New venture aligns with growth and fundraising objectives.
Potential partnership could enhance fundraising capabilities.
Advances: Achieve strong fundraising levels
Significant fundraising commitment enhances growth prospects.
Advances: Generate over $350 million in net performance income
Growing backlog indicates potential for increased performance income.
Advances: Achieve strong fundraising levels
Student housing demand supports strong fundraising levels.
Advances: Achieve strong fundraising levels
Student housing demand supports strong fundraising levels.