Ares Capital Corporation (ARCC) is a publicly traded company in the Financial Services — Asset Management industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Ares Capital Corporation (ARCC) operates as a Business Development Company (BDC), delivering diverse financing solutions predominantly to middle-market enterprises. The firm's expertise lies in facilitating various corporate actions, including funding acquisitions, recapitalizations, and leveraged buyouts.
Is Ares Capital Corporation stock overvalued or undervalued in 2026?
Ares Capital Corporation (ARCC) trades at 15.7× earnings (P/E), above the median of the 324 financial services companies over $2bn in Kaplio's universe. At the decade median (9.9×) $12 (-37 %); at its sector median (13.0×) $16 (-17 %).
Kaplio overview: Ares Capital Corporation
Market cap $14B · 52 weeks $17 – $21 (5 % below the high) · P/E 15.7× · 2027 expected P/E 9.9× · Dividend 10.1 % · Next earnings February 3, 2027 · expected EPS $0.49 · Closing price, Oct 30 · accounts published Oct 27.
- Valuation: P/E 15.7× (expensive).
- Business: ROE 6.2 % (weak).
- Balance sheet: Debt/Equity 1.08 (fragile).
- Earnings: 0 of 8 (disappointing).
What would it be worth at its usual multiples?
At the decade median (9.9×) $12 (-37 %); at its sector median (13.0×) $16 (-17 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in financial services: 2 of 6 pass
- ROE 6.2 %, fails.
- Debt / Equity 1.08, fails.
- P/E vs own 5y 15.7×, fails.
- FCF / Net Income 87.9 %, borderline.
- 5y revenue growth 9.6 %, passes.
- Operating margin 62.4 %, passes.
Against its peers (reference peers) — Ares Capital Corporation: P/E 15.7×; EV/EBITDA 16.1×; ROIC 4.9 %; $13.8B. Main Street Capital Corporation (P/E 11.1×; EV/EBITDA 16.6×; ROIC 7.2 %; $5.2B), Blue Owl Capital Corporation (P/E 18.6×; EV/EBITDA 13.5×; ROIC 3.7 %; $5.2B), The Carlyle Group Inc. (P/E 41.8×; EV/EBITDA 27.7×; ROIC 2.8 %; $14.3B).
Expensive or cheap against its last ten years?
P/E at each close: today 15.7× · median 9.9× · minimum 4.9× · maximum 19.4× · cheap below 8.7× · expensive above 14.7×. It has been cheaper than today 85% of the time over its last ten years.
Dividend
fragile · Yield 10.1 % ($1.81 per share in 2025) · 5-year growth +2 % a year · Free cash flow coverage 1.0× · With $1,000 invested today you'd collect $100.50 a year ($8.38 a month).
Profitability
| Return on Equity | 6.23% |
| Return on Invested Capital | 4.89% |
| Return on Assets | 2.86% |
| Gross Margin | 68.68% |
| Operating Margin | 65.25% |
| Net Margin | 36.16% |
Financial Health
| Debt / Equity | 1.08 |
| Current Ratio | 1.14 |
| Piotroski F-Score | 2 |
| Altman Z-Score | 0.79 |
Price Performance
| 1 month | +1.33% |
| 3 months | -0.31% |
| Year-to-date | -5.54% |
| 1 year | -6.09% |
| 3 years | -2.45% |
| 5 years | -9.82% |
| 10 years | +25.56% |
Dividend History
Paid in the last 12 months: $1.9200 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-12-15 | $0.4800 |
| 2026-09-15 | $0.4800 |
| 2026-06-15 | $0.4800 |
| 2026-03-13 | $0.4800 |
| 2025-12-15 | $0.4800 |
| 2025-09-15 | $0.4800 |
| 2025-06-13 | $0.4800 |
| 2025-03-14 | $0.4800 |
| 2024-12-13 | $0.4800 |
| 2024-09-13 | $0.4800 |
Amounts adjusted for stock splits.
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Explore sector: Financial Services · Asset Management
More sections of ARCC: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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