Ares Dynamic Credit Allocation Fund, Inc.

Ares Dynamic Credit Allocation Fund, Inc.verified

ARDC

Price:

$15.25

Market Cap:

$349.45M

Ares Dynamic Credit Allocation Fund, Inc. is a closed-ended fixed income mutual fund launched by Ares Management LLC. The fund is managed by Ares Capital Management II LLC. It invests in the fixed income markets of Europe. The fund primarily invests in debt instruments such as senior loans made primarily to companies whose debt is rated below investment grade, corporate bonds that are primarily high yield issues rated below investment grade, debt securities issued by CLOs, and other fixed-income instruments. It focuses on such factors as the overall macroeconomic environment, financial markets, and company specific research and analysis, to create its portfolio. Ares Dynamic Credit Allocatio...[Read more]

Industry

Asset Management

IPO Date

2012-11-28

Stock Exchange

NYSE

Ticker

ARDC

The PE Ratio as of September 2024 (TTM) for Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is 6.57

According to Ares Dynamic Credit Allocation Fund, Inc.’s latest financial reports and current stock price. The company's current PE Ratio is 6.57. This represents a change of 22.95% compared to the average of 5.34 of the last 4 quarters.

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Historical PE Ratio (quarterly & annually)

How has ARDC PE Ratio performed in the past?

The mean historical PE Ratio of Ares Dynamic Credit Allocation Fund, Inc. over the last ten years is 13.83. The current 6.57 PE Ratio has changed 4.65% with respect to the historical average. Over the past ten years (40 quarters), ARDC's PE Ratio was at its highest in in the October 2018 quarter at 11.99. The PE Ratio was at its lowest in in the December 2023 quarter at 2.47.

Quarterly (TTM)
Annual

Average

13.83

Median

10.62

Minimum

-5.76

Maximum

44.38

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) PE Ratio by Quarter and Year

Discovering the peaks and valleys of Ares Dynamic Credit Allocation Fund, Inc. PE Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 153.43%

Maximum Annual PE Ratio = 44.38

Minimum Annual Increase = -197.06%

Minimum Annual PE Ratio = -5.76

Quarterly (TTM)
Annual
YearPE RatioChange
20235.59-197.06%
2022-5.76-157.17%
202110.08-77.30%
202044.38136.48%
201918.77-0.96%
201818.95153.43%
20177.48-33.05%

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) Average PE Ratio

How has ARDC PE Ratio performed in the past?

The current PE Ratio of Ares Dynamic Credit Allocation Fund, Inc. (ARDC) is greater than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

3.30

5-year avg

14.61

10-year avg

13.83

Ares Dynamic Credit Allocation Fund, Inc. (ARDC) PE Ratio vs. Peers

How is ARDC’s PE Ratio compared to its peers?

Ares Dynamic Credit Allocation Fund, Inc.’s PE Ratio is less than Virtus Convertible & Income 2024 Target Term Fund (0), greater than Eaton Vance Floating-Rate Income Trust (0), greater than NXG NextGen Infrastructure Income Fund (4.10), less than GAMCO Natural Resources, Gold & Income Trust (13.15), less than MFS Investment Grade Municipal Trust (10.58), less than Eaton Vance Senior Income Trust (28.38), greater than BlackRock Floating Rate Income Strategies Fund, Inc. (3.54), greater than Calamos Long/Short Equity & Dynamic Income Term Trust (4.79), greater than Eaton Vance Tax-Managed Buy-Write Income Fund (0), less than Nuveen Preferred and Income Fund (7.17), greater than Calamos Global Dynamic Income Fund (-3.40), greater than Calamos Global Total Return Fund (5.72), greater than DTF Tax-Free Income 2028 Term Fund Inc. (0), less than The Gabelli Global Small and Mid Cap Value Trust (257.08), greater than null (-91.75),

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