As of today (2024-04-29), Ares Capital's share price is $20.78. Ares Capital's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was $19.24. Hence, Ares Capital's Price to Tangible Book Ratio of today is 1.08.
The historical rank and industry rank for Ares Capital's Price-to-Tangible-Book or its related term are showing as below:
ARCC'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.87 Med: 1 Max: 1.12
Current: 1.08
During the past 13 years, Ares Capital's highest Price to Tangible Book Ratio was 1.12. The lowest was 0.87. And the median was 1.00.
ARCC's Price-to-Tangible-Book is ranked worse than 72.06% of 1625
companies
in the Asset Management industry
Industry Median: 0.94
vs ARCC: 1.08
Ares Capital Price-to-Tangible-Book Historical Data
The historical data trend for Ares Capital's Price-to-Tangible-Book can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Ares Capital's Price-to-Tangible-Book
For the Asset Management subindustry, Ares Capital's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Ares Capital's Price-to-Tangible-Book Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, Ares Capital's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Ares Capital's Price-to-Tangible-Book falls into.
Ares Capital Price-to-Tangible-Book Calculation
Ares Capital's price-to-tangible-book ratio for today is calculated as:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Ares Capital Price-to-Tangible-Book Related Terms
Thank you for viewing the detailed overview of Ares Capital's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.
Ares Capital Corp is a United States-based closed-ended specialty finance company. Its investment objective is to generate both current income and capital appreciation through debt and equity investments. The company focuses on investing primarily in U.S. middle-market companies with investment opportunities as well as in larger companies. Its portfolio comprises of first lien senior secured loans, second lien senior secured loans, and mezzanine debt (subordinated unsecured loan), which may include equity components that are diversified by industry and sector. The company may invest in preferred and common equity investments to a lesser proportion. Its revenue mainly consists of interest and dividend income received from the investment made.
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