Is Ariel Appreciation Fund overvalued?

Ariel Appreciation Fund (CAAPX) looks overvalued — trading about 51% above its fair value.

Overvalued

Price

$44.37

Fair value

$21.81

Current P/E

23.3

Normal P/E

11.4

Market cap

$927.7M

Dividend yield

0.0%

Return on equity

24.6%

Sector

Financial Services

Fair value compares CAAPX's current P/E to its own historical "normal" P/E (FAST Graphs-style). Updated 1 Jul 2026.

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