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Data-driven stock valuation

Blackstone Group Inc (BX) fair value: what the stock is really worth

We calculate from audited financials what Blackstone Group Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Financial Services · US · Market cap $150B · ISIN US09260D1072

At a glance

BG Blackstone Group Inc logo Blackstone Group Inc BX · US
Price$136.15
Fair Value$52.88
Upside−61.2%
Quality65/100

A solid business, but trading 157% above our fair value of $52.88.

As of Aug 31, 2026, the fair value of Blackstone Group Inc is $52.88 per share against a price of $136.15, so the fair value sits 61% below the price. A model estimate from reported figures, not an analyst target.

!Mixed Growth (revenue 5y +20.7 %/yr)
Highly profitable · 21.2% net margin
Moderate debt · generates free cash flow
·3.65% dividend yield
!Trails peers (5/15)
Wide moat 94/100
!Weak on future: 29 out of 100
!Weak on balance sheet: 28 out of 100
Evidence: High Range $23.34 to $77.73

Fair value as of: Aug 31, 2026

From 13 valuation models · updated 7 days ago

Share price +0.1% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case ($77.73). The favourable scenario is already priced in.
  • The model range is unusually wide ($23.34 to $77.73). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Price vs Fair Value (5 years)

$189.12 $64.55 Fair Value $52.88 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.

How to read this chart

60‑month range $64.55 – $189.12 · fair‑value band $23.34 – $77.73 · the $136.15 price screens above the $52.88 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.

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Analysis

Blackstone Group Inc (BX) currently trades at $136.15, while our model-based Fair Value estimate is $52.88, implying the stock looks roughly 157.5% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Financial Services sector. Bull case: the Dividend Discount group reads highest at a median of $130.43 per share, and 2 of the 13 models we run sit above the $136.15 price. Bear case: the Asset-Based group reads lowest at $7.82, and 11 of the 13 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Blackstone Group Inc generated revenue of $14.4B at a net margin of 21.2%. Revenue grew 5.7% year over year. It earns a return on equity of 29.5%. Net debt stands at $10.7B. Fundamentals as of Aug 31, 2026

Scenario range: $23.34 (bear) to $77.73 (bull), the price of $136.15 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 26% below its 52-week high and 35% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −25% fair-value upside, at −61%, BX screens richer than that median.

Fair Value models

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

Model 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. Evidence
Highest evidence
Growth DCF best evidence $24.00 $56.01 $120.71 72
Owner Earnings $48.95 $128.26 $294.76 69
Rev-Margin DCF $18.45 $50.20 $105.88 67
All 13 models by family
DCF Models
Owner Earnings $48.95 $128.26 $294.76 69
5Y P/E Exit $27.21 $76.78 $143.89 66
10Y P/E Exit $27.49 $77.58 $164.52 58
Earnings-Based
Graham-Dodd $27.66 $192.92 $270.73 63
Lynch FV $69.20 $98.85 $128.51 61
Dividend Discount
Gordon GGM $74.39 $154.68 $245.38 66
DDM Multi-Stage $74.39 $130.43 $162.34 66
Multiples
P/E Multiple $39.66 $52.88 $66.11 63
P/B Multiple $12.26 $16.35 $20.43 55
Asset-Based
NCAV (Graham) $5.84 $7.82 $11.68 54
Growth DCF
Growth DCF best evidence $24.00 $56.01 $120.71 72
Rev-Margin DCF $18.45 $50.20 $105.88 67
Economic Profit
Residual Income $24.14 $28.37 $101.20 64

Widest divergence: Dividend Discount ($130.43) versus Asset-Based ($7.82). Highest evidence: Growth DCF (72).

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Key figures & financial health

P/E ratio 31.6 as of Jul 15, 2026
P/S ratio 6.89 P/E × margin
EPS (TTM) $3.90 price ÷ EPS = P/E 31.6
Dividend yield 3.7% payout 127%
Net margin 21.8% FY2025
Return on equity 29.5% TTM
More key figures
Profitability
Return on assets (EBIT) 15.7% avg 5y
Operating margin 38.0% TTM
Growth
Revenue (TTM) $14.4B TTM
Revenue growth (YoY) +5.7% 3y avg +22.9%
EPS growth (YoY) +3.9%
Balance sheet & cash flow
Free cash flow $1.7B FY2025
Net debt $10.7B FY2025 · ≈ 6.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 65/100

Of which business quality 51 · Market factors (momentum, volatility) 40

Profitability 59
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 54
Earnings quality: real cash, not paper profit
Fin. Strength 18
Balance sheet, leverage, solvency risk
Investment 87
Disciplined investing over empire-building
Low Volatility 35
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 63
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

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.

Full company description

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. 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

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

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.

Growth Quality 92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$13.8B
Latest YoY
+21.6%
Avg. revenue growth/yr (3Y) 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.
+22.9%
Avg. revenue growth/yr (5Y) 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.
+20.7%
Avg. revenue growth/yr (26Y) 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.
+5.3%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years, adjusted) plus dividend yield: value created per share and year.
+14.8%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+11.1%
Dividend yield3.7%
Trend 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.5Y 5.0% vs 10Y 8.3%, flattening
Operating margin (EBIT) 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.48.5% (2020) → 51.9% (2025) · rising
Worst earnings drop140% (2009) (loss year, drop beyond 100%) · in USD
Revenue −4.8%/yr
FY21 $16.9B
FY22 $7.4B
FY23 $7.4B
FY24 $11.4B
FY25 $13.8B
Net income −15.3%/yr
FY21 $5.9B
FY22 $1.7B
FY23 $1.4B
FY24 $2.8B
FY25 $3.0B
Character of growth · EPS growth decomposed (2014-2025) +6.0 % p.a.
Revenue per share +4.6 %

of which total revenue +7.4 % · buybacks/dilution −2.7 %

EBIT margin +0.7 %
Tax rate −1.6 %
Residual (interest, one-offs) +2.3 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

BX screens 157% overvalued. Compare with Investor AB →

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Cite: Fair Value Calculator (2026). "Blackstone Group Inc Fair Value". https://www.fairvalue-calculator.com/stock/BX

Recent news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Asset Management · 696 stocks

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.

Valuation
Quality Score 61 · Above median
Fair Value upside −61% · Bottom 25%
Profitability
Return on equity (TTM) 30% · Top 25%
Return on assets 13% · Top 25%
Net margin (TTM) 21% · Above median
Operating margin (TTM) 38% · Below median
Growth and dividend
Revenue growth 6% · Above median
Dividend yield (TTM) 3.7% · Below median
Balance sheet
Debt / equity 1.44× · Highest 25%

Valuation Multiples vs Asset Management median · lower = cheaper

P/E (TTM) 31.6× · Priciest 25%
P/B 17.36× · Priciest 25%
P/S (TTM) 10.45× · Priciest 25%
P/FCF 86.2× · Priciest 25%
EV/EBITDA 22.2× · Priciest 25%
PEG 1.45× · Pricier than median

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Blackstone Group Inc deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+27.9 % per year
Achieved revenue growth, 5 years+20.7 % p.a.
Sector median revenue growth+8.1 %
FCF yield on price1.64 %
Discount rate (WACC) in the models10.6 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 40
FUTURE29 · sector 14
PAST100 · sector 24
HEALTH28 · sector 95
DIVIDEND73 · sector 81

VALUE 0: the price sits above our fair-value range.

Insider activity: 66/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).

Stock Price Fair Value vs Fair Value
Investor AB INVEB kr 408.05 kr 827.56 +103%
Brookfield Corporation BN C$55.74 C$10.67 −81%
KKR & Co KKR $108.68 $19.97 −82%
Apollo Global Management, Inc APO $135.04 $101.04 −25%
State Street Corporation STT $193.33 $138.33 −28%
Ameriprise Financial, Inc AMP $559.32 $515.24 −8%
Ares Management Corporation ARES $143.10 $30.88 −78%
Northern Trust Corporation NTRS $186.79 $122.02 −35%
Raymond James Financial, Inc RJF $181.10 $142.42 −21%
T. Rowe Price Group TROW $111.24 $126.63 +14%

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Frequently asked questions

Is Blackstone Group Inc (BX) overvalued or undervalued?
As of Aug 31, 2026, our model estimates a fair value of $52.88 versus a price of $136.15, about −61% upside (overvalued).
What is the fair value of BX?
Our model-based fair value for Blackstone Group Inc is $52.88 (as of Aug 31, 2026), built from audited fundamentals. The current price: $136.15.
What is the quality score of BX?
Blackstone Group Inc has a Quality Score of 65/100. 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 $52.88 (as of Aug 31, 2026) from 13 valuation models. Cautious scenario $23.34, optimistic scenario $77.73. 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 $52.88, about −61% upside versus a price of $136.15 (overvalued). Cautious scenario $23.34, optimistic scenario $77.73. 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 $14.4B (latest available figure, as of Aug 31, 2026).
What is the net profit margin of BX?
The net profit margin of Blackstone Group Inc is about 21.2%, meaning it keeps roughly 21.2% of revenue as net income. Based on the latest reported figures.
Does Blackstone Group Inc pay a dividend?
Blackstone Group Inc currently shows a dividend yield of about 3.65% relative to its recent price (as of Aug 31, 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 +27.9 % per year for ten years (discount rate 10.6 %, then 2 % perpetual growth). Over the last 5 years revenue grew +20.7 % per year. As of Aug 31, 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 1.58, country premium for USA. The same rate applies in all 26 models.
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