Blackstone Group Inc (BX) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Blackstone Group Inc stock $52.29, price $119, upside -56.0%, quality 60 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 21, 2026.
How to read this chart
60‑month range $63.90 – $187.21 · fair‑value band $27.14 – $65.36 · the $118.75 price screens above the $52.29 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 21, 2026.
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Blackstone Inc. is an alternative asset management firm specializing in private equity, venture capital, real estate, hedge fund solutions, credit, secondary funds of funds, public debt and equity and multi-asset class strategies.
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The firm typically invests in early-stage, seed, middle market, mature, late venture, growth capital, emerging growth, turnaround, and later stage companies. It also provide capital markets services.
The real estate segment specializes in opportunistic, core+ investments as well as debt investment opportunities collateralized by commercial real estate, and stabilized income-oriented commercial real estate across North America, Europe and Asia.
Within fund of fund investments, it seeks to invest in private equity funds, venture capital funds, mezzanine funds, distressed debt/turnaround funds, secondary investment funds & real estate funds.
The firm's corporate private equity business pursues transactions throughout the world across a variety of transaction types, including large buyouts, recapitalization, special situations, distressed mortgage loans, mid-cap buyouts, buy and build platforms, which involves multiple acquisitions behind a single management team and platform, and growth equity/development projects involving significant majority stakes in portfolio companies and minority investments in operating companies, shipping, real estate, corporate or consumer loans, and alternative energy greenfield development projects in energy and power, property, dislocated markets, shipping opportunities, financial institution breakups, re-insurance, and improving freight mobility, financial services, cargo, data processing, oil & gas production, oil & gas refining, oil & gas storage, building products, home entertainment, B2B, consumer electronics, home supply store, lodging, commercial services & supplies, metal & mineral mining machinery, coal, hazardous waste collection, solid waste collection, waste water treatment, renewable electricity, equity REITs, power generation by nuclear & fossil
Stock analysis
Blackstone Group Inc (BX) currently trades at $118.75, while our model-based Fair Value estimate is $52.29, 56.0% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of $97.74 per share, and 1 of the 13 models we run sit above the $118.75 price.
Bear case: the Asset-Based group reads lowest at $5.93, and 12 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: $27.14 (bear) to $65.36 (bull), the price of $118.75 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Blackstone Group Inc reported revenue of $13.8B in FY2025 versus $16.9B in FY2021, a compound −4.8%/yr. Reported net income was $3.0B in FY2025, compounding −15.3%/yr from FY2021.
Key figures
Market cap $128B Large · P/E ratio 24.1 · P/S ratio 5.45 · EPS (TTM) $4.45 · Dividend yield 4.4% · Net margin 22.7% · Return on equity 31.4% · Return on assets (EBIT) 15.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (medium confidence).
What moves the price
The share trades about 25% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −12% fair-value upside, at −56%, BX screens richer than that median.
Fair Value models
Bear$27.14Fair Value $52.29Bull$65.36
Price $118.75 · Upside -56.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+21.6%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.7%
Start year 2020 (pandemic). Over 10 years: +11.1% a year
Revenue growth 26 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
+13.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.1%
Dividend (yield on the price)4.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5.0% vs 8.3%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.49% → 52%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+17.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +32.5% a year for the price and +15.1% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (100 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
AI conclusion: Blackstone's main strength is its scale in alternatives that supports solid organization capital and pricing power, while its main weak point remains the limited signals on innovation and insider activity.
Main risk: Redemption pressures in flagship vehicles could constrain durable fee growth from the expanded private wealth platform and hit recurring fee income.
Blackstone has launched BXPM, a perpetual fund that gives eligible non-US investors a single allocation across its private equity, real estate, infrastructure and credit strategies. This extends the firm’s long-running private wealth platform into new markets and could broaden fee-earning assets. Yet our models see the stock as overvalued. Will the push into simpler private-markets access for wealth clients generate durable fee growth, or will redemption pressures in flagship vehicles constrain it?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 669 stocks
Beats the industry median on 8/15 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−56.0% · Bottom 25%
Profitability
Return on equity (12 months)31.4% · Top 25%
Return on assets12.7% · Top 25%
Net margin (12 months)45.5% · Above median
Operating margin (12 months)54.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)28.6% · Above median
Dividend yield (12 months)4.4% · Above median
Balance sheet
Debt / equity1.44× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)24.1× · Priciest 25%
P/B14.77× · Priciest 25%
P/S (12 months)16.56× · Priciest 25%
Price / free cash flow146.9× · Priciest 25%
EV/EBITDA38.3× · Priciest 25%
PEG1.09× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 62
FUTURE (revenue growth)100· sector 38
PAST (return on equity)100· sector 24
HEALTH (low debt)28· sector 95
DIVIDEND (yield)88· sector 81
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Blackstone Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/BX
Frequently asked questions
Is Blackstone Group Inc (BX) overvalued or undervalued?
As of Oct 21, 2026, our model estimates a fair value of $52.29 versus a price of $118.75, about −56% upside (overvalued).
What is the fair value of BX?
Our model-based fair value for Blackstone Group Inc is $52.29 (as of Oct 21, 2026), built from audited fundamentals. The current price: $118.75.
What is the quality score of BX?
Blackstone Group Inc has a Quality Score of 60/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Blackstone Group Inc (BX)?
Our model-based price target is the fair value of $52.29 (as of Oct 21, 2026) from 13 valuation models. Cautious scenario $27.14, optimistic scenario $65.36. It is a calculation from audited fundamentals, not an analyst target.
What is the Blackstone Group Inc stock forecast for 2026?
Our models put fair value at $52.29, about −56% upside versus a price of $118.75 (overvalued). Cautious scenario $27.14, optimistic scenario $65.36. The calculation is refreshed regularly with new filings.
What is the revenue of Blackstone Group Inc (BX)?
Blackstone Group Inc reported trailing-twelve-month revenue of about $15.5B (latest available figure, as of Oct 21, 2026).
Does Blackstone Group Inc pay a dividend?
Blackstone Group Inc currently shows a dividend yield of 4.40% relative to its recent price (as of Oct 21, 2026).
What growth is priced into Blackstone Group Inc (BX)?
For today's price to be fair in a discounted-cash-flow model, Blackstone Group Inc would have to grow free cash flow by +35.7 % per year for five years (discount rate 10.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.7 % per year. As of Oct 21, 2026.
What discount rate (WACC) does the fair value of BX use?
Our models discount Blackstone Group Inc at 10.6 %: a base by market capitalisation (large), damped by beta 1.59, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Blackstone Group Inc that is +35.7 % per year a year over ten years, using the same discount rate (10.6 %) and the same formula as our fair value.
How much growth has Blackstone Group Inc (BX) delivered so far?
Over the past 5 years revenue at Blackstone Group Inc grew +20.7 % a year. The price currently implies +35.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Blackstone Group Inc (BX) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Blackstone Group Inc (+35.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Blackstone Group Inc (BX)?
The free-cash-flow yield on the price is 1.88 %: that much free cash flow Blackstone Group Inc produces per unit of market value. When it exceeds the discount rate of our models (10.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Blackstone Group Inc (BX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Blackstone Group Inc it is $52.29 per share (as of Oct 21, 2026), against a price of $118.75. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Blackstone Group Inc stock overvalued or undervalued in 2026?
As of Oct 21, 2026, BX trades above its calculated fair value: price $118.75, fair value $52.29, a gap of about −56% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BX?
No. The price is what the market pays today ($118.75); the fair value is what the company's own numbers justify ($52.29). For Blackstone Group Inc the two are $66.46 per share apart. That gap is exactly why we show both numbers side by side.
How much is Blackstone Group Inc worth?
The market values Blackstone Group Inc at about $128B (market capitalisation, as of Oct 21, 2026). Per share that is $118.75; our models calculate a fair value of $52.29 per share.
What do the bullish and bearish scenarios say about BX?
Our models span a range for Blackstone Group Inc: cautious scenario $27.14, base $52.29, optimistic $65.36 per share (as of Oct 21, 2026, price $118.75). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BX?
Blackstone Group Inc trades at a price-to-earnings ratio of 24.1 (as of Oct 21, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $52.29 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 16.7 (reported for FY2025: 30.7). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), earnings ex one-offs: 11.0. Other multiples: PEG 1.1, P/B 14.8, P/S 16.6, EV/EBITDA 38.3.
What is the PEG ratio of BX?
The PEG ratio of Blackstone Group Inc is 1.09 (P/E divided by earnings growth, as of Oct 21, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Blackstone Group Inc (BX)?
Balance-sheet figures for Blackstone Group Inc (as of Oct 21, 2026): return on equity 31.4%, debt of 1.44 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is BX from its 52-week high?
Blackstone Group Inc trades at $118.75, about 25% below its 52-week high of $158.52 and 19% above the low of $100.16 (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of $52.29 is for.
Which stocks are comparable to Blackstone Group Inc?
From the same area (Financial Services) we also value Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, State Street Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Blackstone Group Inc stock attractive at the current price?
The data as of Oct 21, 2026: price $118.75, calculated fair value $52.29 (−56%), Quality Score 60/100, from 13 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BX calculated?
We run Blackstone Group Inc through 13 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $52.29, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.2 % above its aggregate fair value. Blackstone Group Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Blackstone Group Inc (BX)?
The closing price on Oct 22, 2026 was $118.75. Our model-based fair value is $52.29, about −56% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Blackstone Group Inc right now?
The price sits above even our optimistic bull case ($65.36). The favourable scenario is already priced in. Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($27.14 to $65.36) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Blackstone Group Inc (BX) come from?
Earnings per share at Blackstone Group Inc grew +6.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.6 %, EBIT margin +0.7 %, tax rate −1.6 %, residual (interest, one-offs) +2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Blackstone Group Inc
How large is the market capitalisation of Blackstone Group Inc (BX)?
The market capitalisation of Blackstone Group Inc is $128B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Blackstone Group Inc (BX)?
The price-to-sales ratio of Blackstone Group Inc is 5.45 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Blackstone Group Inc (BX)?
Earnings per share at Blackstone Group Inc are $4.45 (price ÷ EPS = P/E 24.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Blackstone Group Inc (BX)?
The dividend yield of Blackstone Group Inc is 4.4% (payout 63.9%, on adjusted earnings, reported 118%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Blackstone Group Inc (BX)?
The net margin of Blackstone Group Inc is 22.7% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Blackstone Group Inc (BX)?
The return on equity (ROE) of Blackstone Group Inc is 31.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Blackstone Group Inc (BX)?
On an EBIT basis the return on assets of Blackstone Group Inc is 15.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Blackstone Group Inc (BX)?
The operating margin of Blackstone Group Inc is 54.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Blackstone Group Inc (BX)?
Revenue at Blackstone Group Inc is growing +28.6% versus a year earlier (3y avg +22.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Blackstone Group Inc (BX)?
Earnings per share at Blackstone Group Inc are growing +57.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Blackstone Group Inc (BX) carry?
The net debt of Blackstone Group Inc is $10.7B (fiscal year 2025, ≈ 6.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 21, 2026