According to Ares Capital 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 8.46186. At the end of 2022 the company had a P/E ratio of 15.3.
Year | P/E ratio | Change |
---|---|---|
2022 | 15.3 | 153.57% |
2021 | 6.02 | -58.66% |
2020 | 14.6 | 45.21% |
2019 | 10.0 | 30% |
2018 | 7.71 | -22.97% |
2017 | 10.0 | -8.31% |
2016 | 10.9 | -7.27% |
2015 | 11.8 | 45.61% |
2014 | 8.09 | -17.62% |
2013 | 9.82 | 23.98% |
2012 | 7.92 | -19.53% |
2011 | 9.84 | 124.52% |
2010 | 4.38 | -29.94% |
2009 | 6.26 | -248.25% |
2008 | -4.22 | -139.23% |
2007 | 10.8 | -11.06% |
2006 | 12.1 | 42.25% |
2005 | 8.50 |
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.