Question 1

What is Ares Capital's P/S ratio?

Accepted Answer

Ares Capital (ARCC) P/S ratio is 5.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Ares Capital specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

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

Accepted Answer

Ares Capital's P/S ratio of 5.1× is below its own 5-year average of 5.9× and above the sector median of 2.2×. That places the current reading at the 23th 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/S ratio range?

Accepted Answer

In the available daily series, Ares Capital (ARCC) P/S ratio has ranged from a low of 2.6× in 2009 to a high of 15.2× in 2020. The 5-year average is 5.9× and the 5-year median is 5.7×.

Question 7

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

Accepted Answer

Ares Capital (ARCC) P/S ratio at the end of 2025 was 6.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$2.31B	6.1×	+0.0×	Dec 31, 2025
2024	$14.34B	$2.35B	6.1×	+1.0×	Dec 31, 2024
2023	$11.10B	$2.17B	5.1×	-2.8×	Dec 31, 2023
2022	$9.49B	$1.20B	7.9×	+3.2×	Dec 31, 2022
2021	$9.81B	$2.05B	4.8×	-3.5×	Dec 31, 2021
2020	$7.11B	$858.00M	8.3×	+1.1×	Dec 31, 2020
2019	$8.00B	$1.11B	7.2×	+1.2×	Dec 31, 2019
2018	$6.64B	$1.12B	5.9×	-0.9×	Dec 31, 2018
2017	$6.68B	$974.00M	6.9×	-0.2×	Dec 31, 2017
2016	$5.18B	$736.45M	7.0×	+0.5×	Dec 31, 2016
2015	$4.46B	$677.66M	6.6×	+0.9×	Dec 31, 2015
2014	$4.89B	$866.44M	5.6×	-1.0×	Dec 31, 2014
2013	$4.74B	$712.83M	6.7×	-0.1×	Dec 31, 2013
2012	$4.03B	$593.25M	6.8×	-3.8×	Dec 31, 2012
2011	$3.17B	$300.23M	10.5×	+6.3×	Dec 31, 2011
2010	$3.14B	$747.25M	4.2×	-2.1×	Dec 31, 2010
2009	$1.27B	$201.58M	6.3×	+3.1×	Dec 31, 2009
2008	$567.59M	$180.12M	3.2×	-4.7×	Dec 31, 2008
2007	$1.06B	$135.04M	7.9×	-2.2×	Dec 31, 2007
2006	$1.01B	$99.90M	10.1×	-4.5×	Dec 31, 2006
2005	$610.48M	$41.85M	14.6×	—	Dec 31, 2005


Brookfield (BN)	1.3×
The Hartford (HIG)	1.3×
Chesapeake Financial Shares (CPKF)	1.3×
American Financial Group (AFG)	1.3×
Progressive (PGR)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
Travelers Companies (TRV)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
Synchrony Financial (SYF)	1.2×
Citigroup (C)	1.2×
AXIS Capital Holdings (AXS)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
Old Republic International (ORI)	1.0×
Everest Re Group (RE)	0.9×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Ally Financial (ALLY)	0.8×
Everest Re Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×

P/S Ratio for Ares Capital (ARCC)

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

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

About P/S Ratio at Ares Capital (ARCC)

Ares Capital P/S Ratio by Year

Ares Capital P/S Ratio 2025: 6.1×

Ares Capital P/S Ratio 2024: 6.1×

Ares Capital P/S Ratio 2023: 5.1×

Ares Capital P/S Ratio 2022: 7.9×

Ares Capital P/S Ratio 2021: 4.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Ares Capital (ARCC) Key Financials

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

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

About P/S Ratio at Ares Capital (ARCC)

Ares Capital P/S Ratio by Year

Ares Capital P/S Ratio 2025: 6.1×

Ares Capital P/S Ratio 2024: 6.1×

Ares Capital P/S Ratio 2023: 5.1×

Ares Capital P/S Ratio 2022: 7.9×

Ares Capital P/S Ratio 2021: 4.8×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

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

+How is the P/S ratio calculated?

+What is the P/S ratio?

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

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

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

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

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

Ares Capital (ARCC) Key Financials