Blackstone Inc.

DB:BBN1 Stock Report

Market Cap: €205.4b

Blackstone Valuation

Is BBN1 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BBN1 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BBN1 (€167.12) is trading above our estimate of fair value (€110.55)

Significantly Below Fair Value: BBN1 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BBN1?

Key metric: As BBN1 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BBN1. This is calculated by dividing BBN1's market cap by their current earnings.
What is BBN1's PE Ratio?
PE Ratio59.5x
EarningsUS$2.22b
Market CapUS$210.62b

Price to Earnings Ratio vs Peers

How does BBN1's PE Ratio compare to its peers?

The above table shows the PE ratio for BBN1 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.6x
DWS DWS Group GmbH KGaA
13.4x13.0%€8.0b
DBK Deutsche Bank
8.4x12.6%€32.7b
DB1 Deutsche Börse
22.2x5.3%€41.0b
MLP MLP
10.5x7.8%€677.6m
BBN1 Blackstone
59.5x23.0%€210.6b

Price-To-Earnings vs Peers: BBN1 is expensive based on its Price-To-Earnings Ratio (59.5x) compared to the peer average (13.6x).

Price to Earnings Ratio vs Industry

How does BBN1's PE Ratio compare vs other companies in the DE Capital Markets Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
HXCK Ernst Russ
3.8x-19.3%US$205.25m
SPT6 Sparta
2.5xn/aUS$172.84m
XE8 Black Sea Property
0.7xn/aUS$7.57m
No more companies available in this PE range
BBN1 59.5xIndustry Avg. 19.4xNo. of Companies8PE01632486480+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BBN1 is expensive based on its Price-To-Earnings Ratio (59.5x) compared to the German Capital Markets industry average (19.4x).

Price to Earnings Ratio vs Fair Ratio

What is BBN1's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BBN1 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio59.5x
Fair PE Ratio30x

Price-To-Earnings vs Fair Ratio: BBN1 is expensive based on its Price-To-Earnings Ratio (59.5x) compared to the estimated Fair Price-To-Earnings Ratio (30x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BBN1 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€167.12
€171.89
+2.9%
12.9%€221.24€140.44n/a20
Dec ’25€181.20
€160.72
-11.3%
11.1%€196.87€126.83n/a20
Nov ’25€155.10
€153.50
-1.0%
10.7%€189.91€124.14n/a20
Oct ’25€136.76
€124.41
-9.0%
9.9%€147.29€97.89n/a21
Sep ’25€126.82
€120.57
-4.9%
9.6%€146.63€97.46n/a20
Aug ’25€129.62
€123.60
-4.6%
10.0%€151.14€100.45n/a18
Jul ’25€114.10
€116.92
+2.5%
9.2%€134.12€93.14n/a17
Jun ’25€111.04
€116.52
+4.9%
9.2%€133.66€92.82n/a17
May ’25€112.10
€117.19
+4.5%
9.3%€134.31€93.27n/a17
Apr ’25€121.00
€119.03
-1.6%
11.4%€139.65€89.38n/a20
Mar ’25€117.00
€117.84
+0.7%
11.5%€138.42€88.59n/a20
Feb ’25€115.50
€116.48
+0.8%
12.0%€138.50€88.64n/a19
Jan ’25€121.00
€102.40
-15.4%
13.1%€136.65€81.08€168.0220
Dec ’24€103.50
€98.82
-4.5%
7.5%€110.26€81.77€181.2018
Nov ’24€90.80
€99.56
+9.7%
7.6%€112.54€83.46€155.1018
Oct ’24€103.00
€107.35
+4.2%
5.8%€118.99€92.33€136.7618
Sep ’24€97.60
€103.47
+6.0%
6.2%€114.96€89.21€126.8218
Aug ’24€96.20
€101.55
+5.6%
6.2%€113.00€87.69€129.6218
Jul ’24€85.20
€92.49
+8.6%
6.7%€104.90€77.54€114.1018
Jun ’24€78.60
€94.62
+20.4%
6.6%€107.20€79.24€111.0418
May ’24€80.80
€90.83
+12.4%
9.7%€104.36€63.98€112.1018
Apr ’24€79.48
€94.14
+18.4%
11.4%€106.02€63.61€121.0017
Mar ’24€85.40
€95.29
+11.6%
11.3%€107.12€64.27€117.0017
Feb ’24€86.35
€94.87
+9.9%
11.2%€106.02€64.07€115.5017
Jan ’24€69.03
€92.94
+34.6%
13.1%€108.34€63.59€121.0016

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7D

1Y

7D

1Y

7D

1Y

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 04:05
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Blackstone Inc. is covered by 41 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Stephen BiggarArgus Research Company
Roger FreemanBarclays
Benjamin BudishBarclays