Ares Capital Corporation

ARCC Financial Asset Management

Ares Capital Corporation’s revenue for fiscal 2025 (year ended December 2025) was $3.1 billion, up 2.07% from fiscal 2024.

Revenue
−2.43%
EPS
−22.3%
Free cash flow
+236.1%
Total debt
−3.08%

Quarter to September 2026, against a year earlier

19.19 0.16 −0.83%
Market cap
$14.0B
P/E
15.8×
Fwd P/E
14.9×
Dividend yield
9.91%
F-score
2/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Ares Capital Corporation (ARCC) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Ares Capital Corporation (ARCC) trades at a P/B ratio of 1.0×. Over the past ten years it has ranged from 0.5× (March 2020) to 1.2× (October 2021); the current reading is higher than 49% of that period. That is above the Asset Management industry median of 0.9× and below the Financial sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 1.0× (3.44%)
FY2024 1.0× 3.24%
FY2023 1.0× 2.36%
FY2022 1.0× (9.18%)
FY2021 1.1× 6.78%
FY2020 1.0× (6.42%)
FY2019 1.1× 17.30%
FY2018 0.9× (4.62%)
FY2017 1.0× (4.51%)
FY2016 1.0× 15.40%

Quarterly newest first

Period P/B ratio Change
Sep 2026 1.0× 2.95%
Jun 2026 1.0× 4.12%
Mar 2026 0.9× (6.86%)
Dec 2025 1.0× (2.26%)
43 more quarters

Against its own ten years

Low 0.5× High 1.2×
Ten-year median 1.0×
Current reading's percentile 45

P/B ratio against peers

Company P/B ratio
EQH Equitable Holdings, Inc. compare n/m
ARCC Ares Capital Corporation 1.0×
IVZ Invesco Ltd. compare 1.1×
OWL Blue Owl Capital Inc. compare 1.3×
BEN Franklin Resources Inc compare 1.3×
CG Carlyle Group Inc. compare 2.0×
TPG TPG Inc. compare 2.0×
CRBG Corebridge Financial, Inc. compare 2.2×
SEIC SEI Investments Company compare 4.9×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on ARCC