Ares Management Corporation's (NYSE:ARES) Price In Tune With Earnings
Apr 23
U.S. Asset Management Industry Analysis
UpdatedMay 02, 2024
DataAggregated Company Financials
Companies194
- 7D-2.8%
- 3M1.2%
- 1Y33.5%
- YTDn/a
Over the last 7 days, the Asset Management industry has dropped 2.8%, driven by Blackstone declining 5.1%. On the other hand Digital World Acquisition is actually up 40%. This takes the industry's 12 month performance to a gain of 33%. Looking forward, earnings are forecast to grow by 18% annually.
Industry Valuation and Performance
Has the U.S. Asset Management Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 02 May 2024 | US$699.7b | US$148.6b | US$28.7b | 18.8x | 24.4x | 4.7x |
| Sat, 30 Mar 2024 | US$749.3b | US$144.7b | US$27.0b | 18.7x | 27.8x | 5.2x |
| Mon, 26 Feb 2024 | US$705.6b | US$144.6b | US$27.2b | 17.2x | 25.9x | 4.9x |
| Wed, 24 Jan 2024 | US$746.2b | US$143.7b | US$30.0b | 28.2x | 24.9x | 5.2x |
| Fri, 22 Dec 2023 | US$743.9b | US$143.2b | US$30.7b | 28.3x | 24.3x | 5.2x |
| Sun, 19 Nov 2023 | US$656.9b | US$143.2b | US$30.7b | 27.7x | 21.4x | 4.6x |
| Tue, 17 Oct 2023 | US$631.5b | US$138.3b | US$28.3b | 28.7x | 22.3x | 4.6x |
| Thu, 14 Sep 2023 | US$668.3b | US$138.1b | US$28.1b | 28.8x | 23.7x | 4.8x |
| Sat, 12 Aug 2023 | US$663.2b | US$138.2b | US$28.3b | 32.1x | 23.5x | 4.8x |
| Mon, 10 Jul 2023 | US$640.6b | US$128.0b | US$23.5b | 33.3x | 27.3x | 5x |
| Wed, 07 Jun 2023 | US$628.5b | US$128.1b | US$23.7b | 33x | 26.6x | 4.9x |
| Fri, 05 May 2023 | US$605.5b | US$128.0b | US$23.7b | 28.2x | 25.6x | 4.7x |
| Sun, 02 Apr 2023 | US$660.1b | US$133.3b | US$26.2b | 31x | 25.2x | 5x |
| Tue, 28 Feb 2023 | US$692.4b | US$133.9b | US$26.3b | 29x | 26.3x | 5.2x |
| Thu, 26 Jan 2023 | US$710.8b | US$143.7b | US$34.2b | 29x | 20.8x | 4.9x |
| Sat, 24 Dec 2022 | US$651.2b | US$144.9b | US$35.3b | 29x | 18.4x | 4.5x |
| Mon, 21 Nov 2022 | US$692.6b | US$144.8b | US$35.2b | 28.5x | 19.7x | 4.8x |
| Wed, 19 Oct 2022 | US$633.8b | US$156.5b | US$40.3b | 26.5x | 15.7x | 4.1x |
| Fri, 16 Sep 2022 | US$679.0b | US$157.1b | US$41.1b | 26.3x | 16.5x | 4.3x |
| Sun, 14 Aug 2022 | US$748.5b | US$157.2b | US$41.1b | 28.3x | 18.2x | 4.8x |
| Tue, 12 Jul 2022 | US$667.7b | US$176.0b | US$49.6b | 32.7x | 13.4x | 3.8x |
| Thu, 09 Jun 2022 | US$769.6b | US$176.0b | US$49.1b | 32.8x | 15.7x | 4.4x |
| Sat, 07 May 2022 | US$739.7b | US$179.0b | US$50.9b | 42.3x | 14.5x | 4.1x |
| Mon, 04 Apr 2022 | US$859.7b | US$180.9b | US$52.0b | 41.6x | 16.5x | 4.8x |
| Wed, 02 Mar 2022 | US$852.7b | US$181.2b | US$44.4b | 14.4x | 19.2x | 4.7x |
| Fri, 28 Jan 2022 | US$904.0b | US$178.9b | US$44.8b | 13.2x | 20.2x | 5.1x |
| Sun, 26 Dec 2021 | US$1.0t | US$178.1b | US$42.3b | 14.3x | 23.7x | 5.6x |
| Tue, 23 Nov 2021 | US$1.0t | US$178.0b | US$42.4b | 14.1x | 24.2x | 5.8x |
| Thu, 21 Oct 2021 | US$983.6b | US$168.9b | US$36.2b | 14.4x | 27.1x | 5.8x |
| Sat, 18 Sep 2021 | US$930.3b | US$168.5b | US$36.3b | 13.9x | 25.7x | 5.5x |
| Mon, 16 Aug 2021 | US$787.7b | US$168.5b | US$36.2b | 12.2x | 21.8x | 4.7x |
| Mon, 31 May 2021 | US$758.6b | US$153.0b | US$28.0b | 14.3x | 27.1x | 5x |
Price to Earnings Ratio
25.8x
Current Industry PE
- Investors are optimistic on the American Asset Management and Custody Banks industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 24.4x which is higher than its 3-year average PE of 22.0x.
- The industry is trading close to its 3-year average PS ratio of 4.8x.
Past Earnings Growth
- Both revenue and earnings for companies in the Asset Management and Custody Banks industry have remained mostly flat over the last three years.
- This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.
Industry Comparison
How does U.S. Asset Management compare with similar industries?
| US Market | -0.66% | |
| Financials | -1.91% | |
| Capital Markets | -1.84% | |
| Asset Management | -2.79% | |
| Investment Banking and Brokerage | -0.83% | |
| Financial Exchanges and Data | -1.75% | |
| Diversified Capital Markets | -2.73% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DWAC Digital World Acquisition | US$49.95 | 40.4% +US$534.2m | 266.5% | PE-72.7x | |
| XPDB Power & Digital Infrastructure Acquisition II | US$19.40 | 88.3% +US$161.9m | 89.6% | PE277.7x | |
| LCAA L Catterton Asia Acquisition | US$13.51 | 47.5% +US$125.9m | 31.2% | PE486.5x | |
| MAIN Main Street Capital | US$50.15 | 2.8% +US$114.7m | 23.5% | PE9.9x | |
| SZZL Sizzle Acquisition | US$22.50 | 89.4% +US$91.1m | 116.8% | PE-1424.4x |