• Ares Capital average price/book ratio for 2024 was 1.01, a 14.77% increase from 2023.
• Ares Capital average price/book ratio for 2023 was 0.88, a 14.29% increase from 2022.
• Ares Capital average price/book ratio for 2022 was 0.77, a 1.28% increase from 2021.

Price/book ratio can be defined as