The Carlyle Group Inc.

NasdaqGS:CG Stock Report

Market Cap: US$22.5b

Carlyle Group Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: CG ($62.35) is trading above our estimate of future cash flow value ($23.38)

Significantly Below Future Cash Flow Value: CG is trading above our estimate of future cash flow value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for CG. This is calculated by dividing CG's market cap by their current earnings.
What is CG's PE Ratio?
PE Ratio34x
EarningsUS$661.50m
Market CapUS$22.50b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for CG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average49.7x
TROW T. Rowe Price Group
11.5x8.54%US$23.2b
NTRS Northern Trust
17.3x4.87%US$27.3b
STT State Street
13.2x11.07%US$35.4b
TPG TPG
156.8x55.72%US$23.8b
CG Carlyle Group
34x12.24%US$22.5b

Price-To-Earnings vs Peers: CG is good value based on its Price-To-Earnings Ratio (34x) compared to the peer average (49.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ASA ASA Gold and Precious Metals
3.6xn/aUS$1.27b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
CRRC.F Cohn Robbins Holdings
4.3xn/aUS$283.01m
SSSS SuRo Capital
3.4x-116.79%US$233.11m
CG 34.0xIndustry Avg. 25.9xNo. of Companies69PE020406080100+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: CG is expensive based on its Price-To-Earnings Ratio (34x) compared to the US Capital Markets industry average (25.8x).

Price to Earnings Ratio vs Fair Ratio

What is CG'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.

CG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio34x
Fair PE Ratio18.7x

Price-To-Earnings vs Fair Ratio: CG is expensive based on its Price-To-Earnings Ratio (34x) compared to the estimated Fair Price-To-Earnings Ratio (18.7x).

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 CG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$62.35
US$69.87
+12.06%
11.54%US$83.00US$52.00n/a15
Jan ’27US$59.11
US$66.27
+12.11%
10.18%US$77.00US$53.00n/a15
Dec ’26US$54.06
US$65.00
+20.24%
11.05%US$77.00US$51.00n/a14
Nov ’26US$53.32
US$67.75
+27.06%
9.85%US$78.00US$50.00n/a16
Oct ’26US$60.78
US$68.08
+12.02%
10.14%US$80.00US$56.00n/a15
Sep ’26US$64.56
US$67.62
+4.73%
11.55%US$80.00US$50.00n/a15
Aug ’26US$58.71
US$61.70
+5.09%
10.08%US$75.00US$50.00n/a15
Jul ’26US$52.82
US$49.86
-5.61%
9.75%US$58.50US$44.00n/a17
Jun ’26US$45.20
US$49.17
+8.78%
9.82%US$58.00US$40.00n/a17
May ’26US$39.16
US$45.71
+16.73%
12.81%US$58.00US$37.00n/a17
Apr ’26US$44.27
US$56.18
+26.90%
13.68%US$83.00US$47.00n/a17
Mar ’26US$49.84
US$56.76
+13.89%
12.66%US$83.00US$47.00n/a18
Feb ’26US$56.16
US$57.68
+2.71%
12.77%US$84.00US$50.00n/a18
Jan ’26US$50.49
US$56.59
+12.08%
14.64%US$85.00US$47.00US$59.1117
Dec ’25US$53.23
US$55.65
+4.54%
15.68%US$85.00US$44.00US$54.0617
Nov ’25US$49.92
US$50.82
+1.81%
16.21%US$78.00US$43.00US$53.3217
Oct ’25US$43.20
US$47.47
+9.89%
13.98%US$64.00US$38.00US$60.7817
Sep ’25US$40.13
US$47.58
+18.56%
14.03%US$64.00US$38.00US$64.5616
Aug ’25US$47.76
US$48.30
+1.12%
14.73%US$69.00US$38.00US$58.7116
Jul ’25US$39.58
US$48.45
+22.41%
14.46%US$68.00US$37.00US$52.8215
Jun ’25US$42.96
US$48.47
+12.82%
14.45%US$68.00US$37.00US$45.2015
May ’25US$40.97
US$51.33
+25.29%
15.48%US$74.00US$37.00US$39.1615
Apr ’25US$46.40
US$50.33
+8.48%
14.12%US$64.00US$37.00US$44.2715
Mar ’25US$45.61
US$49.73
+9.04%
14.28%US$64.00US$37.00US$49.8415
Feb ’25US$40.58
US$42.88
+5.66%
18.67%US$66.00US$31.00US$56.1616
Jan ’25US$40.69
US$38.40
-5.63%
22.66%US$58.00US$26.00US$50.4915
US$69.87
Fair Value
10.8% undervalued intrinsic discount
15
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/22 18:03
End of Day Share Price 2026/01/22 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

The Carlyle Group Inc. is covered by 26 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Roger FreemanBarclays
Benjamin BudishBarclays
Brennan HawkenBMO Capital Markets Equity Research