We’ve recently updated our valuation analysis.

Blackstone Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BX key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio1.1x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for BX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average37.2x
BLK BlackRock
21.9x7.3%US$115.4b
ARES Ares Management
96.2x38.2%US$25.0b
BK Bank of New York Mellon
17.2x15.0%US$40.6b
AMP Ameriprise Financial
13.5x6.2%US$36.6b
BX Blackstone
39.5x37.0%US$115.4b

Price-To-Earnings vs Peers: BX is expensive based on its Price-To-Earnings Ratio (39.5x) compared to the peer average (37.2x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a15.6%
n/an/an/a

Price-To-Earnings vs Industry: BX is expensive based on its Price-To-Earnings Ratio (39.5x) compared to the US Capital Markets industry average (27.9x)


Price to Earnings Ratio vs Fair Ratio

What is BX'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.

BX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio39.5x
Fair PE Ratio19.8x

Price-To-Earnings vs Fair Ratio: BX is expensive based on its Price-To-Earnings Ratio (39.5x) compared to the estimated Fair Price-To-Earnings Ratio (19.8x).


Share Price vs Fair Value

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

Below Fair Value: BX ($97.13) is trading below our estimate of fair value ($99.61)

Significantly Below Fair Value: BX is trading below fair value, but not by a significant amount.


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 BX forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$97.13
US$102.91
+6.0%
11.2%US$115.00US$69.50n/a17
Jan ’24US$74.19
US$98.66
+33.0%
13.1%US$115.00US$67.50n/a16
Dec ’23US$85.04
US$104.03
+22.3%
12.9%US$128.00US$67.50n/a16
Nov ’23US$92.94
US$105.22
+13.2%
10.5%US$127.00US$85.50n/a16
Oct ’23US$83.70
US$121.00
+44.6%
11.3%US$153.00US$101.00n/a14
Sep ’23US$94.15
US$122.14
+29.7%
10.3%US$153.00US$102.00n/a14
Aug ’23US$103.24
US$121.31
+17.5%
10.2%US$147.00US$102.00n/a13
Jul ’23US$92.83
US$141.85
+52.8%
16.7%US$180.00US$103.00n/a13
Jun ’23US$116.09
US$147.15
+26.8%
12.5%US$180.00US$122.00n/a13
May ’23US$101.57
US$145.43
+43.2%
13.2%US$182.00US$121.00n/a14
Apr ’23US$128.13
US$148.42
+15.8%
12.5%US$180.00US$120.00n/a13
Mar ’23US$123.76
US$150.04
+21.2%
12.4%US$180.00US$120.00n/a13
Feb ’23US$134.95
US$151.50
+12.3%
12.2%US$180.00US$120.00US$97.2112
Jan ’23US$129.39
US$149.92
+15.9%
15.0%US$190.00US$110.00US$74.1913
Dec ’22US$137.65
US$148.33
+7.8%
13.0%US$182.00US$114.00US$85.0412
Nov ’22US$137.57
US$144.25
+4.9%
11.4%US$180.00US$114.00US$92.9412
Oct ’22US$115.75
US$119.04
+2.8%
11.0%US$135.00US$89.00US$83.7012
Sep ’22US$127.52
US$116.68
-8.5%
10.9%US$135.00US$89.00US$94.1511
Aug ’22US$115.27
US$113.77
-1.3%
10.4%US$130.00US$89.00US$103.2411
Jul ’22US$97.11
US$95.23
-1.9%
7.9%US$108.00US$79.00US$92.8313
Jun ’22US$92.42
US$92.54
+0.1%
7.8%US$102.00US$77.00US$116.0913
May ’22US$88.49
US$89.91
+1.6%
8.4%US$100.00US$75.50US$101.5716
Apr ’22US$75.19
US$75.53
+0.5%
10.3%US$90.00US$61.00US$128.1316
Mar ’22US$70.73
US$73.97
+4.6%
8.2%US$84.00US$61.00US$123.7617
Feb ’22US$69.33
US$73.85
+6.5%
7.9%US$84.00US$62.00US$134.9517

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


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