Question 1

What is Ares Capital's P/E ratio?

Accepted Answer

Ares Capital (ARCC) P/E ratio is 11.7× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Ares Capital?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Ares Capital specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

Is Ares Capital's P/E ratio high or low?

Accepted Answer

Ares Capital's P/E ratio of 11.7× is above its own 5-year average of 9.5× and below the sector median of 12.8×. That places the current reading at the 79th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Ares Capital's historical P/E ratio range?

Accepted Answer

In the available daily series, Ares Capital (ARCC) P/E ratio has ranged from a low of 4.4× in 2010 to a high of 138.9× in 2020. The 5-year average is 9.5× and the 5-year median is 9.0×.

Question 7

What was Ares Capital's P/E ratio in 2025?

Accepted Answer

Ares Capital (ARCC) P/E ratio at the end of 2025 was 10.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Ares Capital's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$14.14B	$1.30B	10.9×	+1.5×	Dec 31, 2025
2024	$14.34B	$1.52B	9.4×	+2.1×	Dec 31, 2024
2023	$11.10B	$1.52B	7.3×	-8.5×	Dec 31, 2023
2022	$9.49B	$600.00M	15.8×	+9.6×	Dec 31, 2022
2021	$9.81B	$1.57B	6.3×	-8.4×	Dec 31, 2021
2020	$7.11B	$484.00M	14.7×	+4.6×	Dec 31, 2020
2019	$8.00B	$793.00M	10.1×	+2.4×	Dec 31, 2019
2018	$6.64B	$858.00M	7.7×	-2.3×	Dec 31, 2018
2017	$6.68B	$667.00M	10.0×	-0.9×	Dec 31, 2017
2016	$5.18B	$473.82M	10.9×	-0.8×	Dec 31, 2016
2015	$4.46B	$378.67M	11.8×	+3.5×	Dec 31, 2015
2014	$4.89B	$590.95M	8.3×	-1.4×	Dec 31, 2014
2013	$4.74B	$488.52M	9.7×	+1.8×	Dec 31, 2013
2012	$4.03B	$508.18M	7.9×	-2.0×	Dec 31, 2012
2011	$3.17B	$319.45M	9.9×	+5.4×	Dec 31, 2011
2010	$3.14B	$691.83M	4.5×	-1.7×	Dec 31, 2010
2009	$1.27B	$202.69M	6.2×	—	Dec 31, 2009
2008	$567.59M	−$102.94M	—	—	Dec 31, 2008
2007	$1.06B	$123.08M	8.6×	-2.8×	Dec 31, 2007
2006	$1.01B	$88.28M	11.4×	-3.1×	Dec 31, 2006
2005	$610.48M	$41.85M	14.6×	—	Dec 31, 2005


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for Ares Capital (ARCC)

P/E Ratio daily chart for Ares Capital (ARCC)

Historical P/E Ratio for Ares Capital (ARCC) from 2005 to 2025

About P/E Ratio at Ares Capital (ARCC)

Ares Capital P/E Ratio by Year

Ares Capital P/E Ratio 2025: 10.9×

Ares Capital P/E Ratio 2024: 9.4×

Ares Capital P/E Ratio 2023: 7.3×

Ares Capital P/E Ratio 2022: 15.8×

Ares Capital P/E Ratio 2021: 6.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Ares Capital (ARCC) Key Financials

P/E Ratio daily chart for Ares Capital (ARCC)

Historical P/E Ratio for Ares Capital (ARCC) from 2005 to 2025

About P/E Ratio at Ares Capital (ARCC)

Ares Capital P/E Ratio by Year

Ares Capital P/E Ratio 2025: 10.9×

Ares Capital P/E Ratio 2024: 9.4×

Ares Capital P/E Ratio 2023: 7.3×

Ares Capital P/E Ratio 2022: 15.8×

Ares Capital P/E Ratio 2021: 6.3×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

+What is Ares Capital's P/E ratio?

+How is the P/E ratio calculated?

+What is the P/E ratio?

+What is a good P/E ratio for Ares Capital?

+Is Ares Capital's P/E ratio high or low?

+What is Ares Capital's historical P/E ratio range?

+What was Ares Capital's P/E ratio in 2025?

+Why does Ares Capital's P/E ratio change over time?

Ares Capital (ARCC) Key Financials