Is Ares Acquisition Corp. overvalued or undervalued?

As of 1 October 2023, Ares Acquisition Corp. has moved from fair to attractive based on recent evaluations. The company is currently considered undervalued. Key ratios include a Price-to-Earnings (P/E) ratio of 15.2, a Price-to-Book (P/B) ratio of 1.1, and a Return on Equity (ROE) of 12%.
In comparison to its peers, Apollo Global Management has a P/E ratio of 18.5, while Blackstone shows a P/B ratio of 1.5, indicating that Ares Acquisition Corp. is trading at a discount relative to these competitors. This valuation is further supported by its recent stock performance, which has outpaced the Sensex, reinforcing the attractiveness of the current share price.