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STOCK COMPARISON

Blackstone Group vs Hannon Armstrong Sustainable Infrastructure Capital: Fair Value & Quality

Both stocks run through our valuation models. Here is how Blackstone Group (BX) and Hannon Armstrong Sustainable Infrastructure Capital (HASI) compare, as of Sep 5, 2026.

As of Sep 5, 2026, Fair Value Calculator sees Hannon Armstrong Sustainable Infrastructure Capital as the less overvalued of the two: Blackstone Group trades at $138 versus a fair value of $52.88 (-62%), while Hannon Armstrong Sustainable Infrastructure Capital trades at $39.84 versus $17.01 (-57%).
Blackstone Group
BX · USD · Financials
-62%
upside to fair value
overvalued
Price$138
Fair Value$52.88
Quality61/100
Hannon Armstrong Sustainable Infrastructure Capital
HASI · USD · Real Estate
-57%
upside to fair value
overvalued
Price$39.84
Fair Value$17.01
Quality39/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Blackstone GroupHannon Armstrong Sustainable Infrastructure Capital
Valuation
31.6×P/E (TTM)94.6×
10.45×P/S (TTM)54.98×
17.36×P/B1.88×
22.2×EV/EBITDA13.4×
1.45×PEG1.24×
−61.6%Fair value upside−57.3%
3.6%Dividend yield4.2%
$4.97Dividend per share$1.69
Profitability
38%Operating margin-124%
1.07×EBIT margin trend (5Y)1.94×
30%Return on equity2%
13%Return on assets1%
Growth
6%Revenue growth (YoY)-28%
22.9%Avg. growth/yr (3Y)23.0%
20.7%Avg. growth/yr (5Y)25.1%
+14.7%Value creation/yr+5.4%
Balance & size
14.1×Interest coverage (EBIT/interest)0.9×
1.44×Debt / equity1.14×
$150BMarket cap$5B
mixedGrowth qualityhealthy
Valuation multiples (P/E, P/S, P/B, EV/EBITDA) are shown but not scored here: the two companies sit in different sectors, and multiples only compare fairly between similar business models. PEG stays scored, as it relates the P/E to growth.

Hannon Armstrong Sustainable Infrastructure Capital leads: 4 to 8 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Blackstone Groupof which business quality 51 · market factors 40 Hannon Armstrong Sustainable Infrastructure Capitalof which business quality 43 · market factors 64
ProfitabilityMargins and returns on capital today
59
35
Quality GrowthAre margins and returns improving?
41
55
CashflowEarnings quality: real cash, not paper profit
54
87
Fin. StrengthBalance sheet, leverage, solvency risk
18
24
InvestmentDisciplined investing over empire-building
87
40
Low VolatilityCalm price path (market factor)
35
48
MomentumPrice trend over the last 3–12 months (market factor)
49
62
52W MomentumDistance to the 52-week high (market factor)
30
85
Net IssuanceBuybacks instead of dilution
63
11

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyBlackstone GroupPrice $138Hannon Armstrong Sustainable Infrastructure CapitalPrice $39.84
DCF Models-44%below the price$77.58n/a
Earnings-Based+6%close to the price$146n/a
Dividend Discount+4%close to the price$143n/a
Multiples-75%below the price$34.62-57%below the price$17.13
Asset-Based-94%below the price$7.82-66%below the price$13.50
Growth DCF-61%below the price$53.11n/a
Economic Profit-79%below the price$28.37n/a
Minimum-94%below the price$7.82-66%below the price$13.50
Maximum+6%close to the price$146-57%below the price$17.13
Median-61%below the price$53.11-62%below the price$15.32
Geometric mean-65%below the price$48.79-62%below the price$15.21

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Blackstone Group: 11 of 13 models see the stock below the current price.

Hannon Armstrong Sustainable Infrastructure Capital: 2 of 2 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Blackstone Group
Bear $23.34Fair Value $52.88Bull $77.73
$138 = current price (white tick)
Hannon Armstrong Sustainable Infrastructure Capital
Bear $12.76Fair Value $17.01Bull $21.26
$39.84 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Blackstone Group · Financials

Quality score61 · above median
Fair value upside-62% · bottom 25%

Hannon Armstrong Sustainable Infrastructure Capital · Real Estate

Quality score39 · bottom 25%
Fair value upside-57% · bottom 25%

Bottom line

As of Sep 5, 2026, Fair Value Calculator sees Hannon Armstrong Sustainable Infrastructure Capital as the less overvalued of the two: Blackstone Group trades at $138 versus a fair value of $52.88 (-62%), while Hannon Armstrong Sustainable Infrastructure Capital trades at $39.84 versus $17.01 (-57%).

Blackstone Group has the higher quality score (61/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.