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Blackstone Inc. — Intrinsic Value & Fair Price

BX
NYSEFinancial ServicesAsset ManagementCIK 0001393818blackstone.comAbout BX
Last close · Oct 16, 2026106.63−2.57 (−2.35%)
Market cap$122.7B
Model value · P/E · peers
122.30
Blackstone closed at $106.63 — undervalued by 13% vs model.
88.56the model's range197.19

P/E · peers leads for a financial company. From its peers' median P/E.

Other models
95.31 – 195.20
Wall St. target
137.50 22% below
Below model, 1y
15 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $106.63 · as of Oct 17, 2026

P/E · peers leads for a financial company. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
4.91%
#25 · Highest dividend yield
Past 2 years
low 1.73%high 4.92%
Dividends per share, a year at a time
$3.57Oct ’21$4.11Aug ’22$3.42Jul ’23$3.39Jul ’24$4.26Aug ’25$5.23TTM
Dividends / earnings, FY2025
199.2%
Raised
2 years in a row
Growth, 5 yrs
7.9% a year
Last change
+11.2% · Aug 2026
Every payment, with ex-dates · latest $1.29, paid Aug 10, 2026

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How it is valued

Valued asFinancial
High revenue growth (~31% recent)High profitability (22% net margin)Strong dividend yieldHighly cyclical earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for financials
P/E
27.5×
Price / book
3.8×
Return on equity
34.8%
Dividend yield, TTM
4.91%
Net margin
21.8%
Debt / equity
1.5
Full financials

Analyst actions

third-party, quoted
10-16Morgan Stanley · target165.00
10-08Barclays · target124.00
09-23UBS · target122.00
04-13Oppenheimer · “Outperform” from “Perform”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists BX as a comparable
Side by side:vs KKRvs BLK

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just BX. No account.

About Blackstone

Blackstone Inc. operates as a prominent alternative asset manager, specializing in a broad spectrum of investment strategies. Its expertise encompasses real estate, private equity, credit solutions, comprehensive hedge fund offerings, public debt and equity, multi-asset class approaches, and secondary funds of funds. While often backing nascent businesses, the firm also extends its services to capital markets. Its real estate division targets diverse opportunities: high-potential opportunistic ventures, core-plus assets, and stable, income-generating commercial properties. Additionally, it engages in debt investments secured by commercial real estate. These activities span North America, Europe, and Asia. Blackstone's global private equity arm executes varied transactions, including substantial buyouts, mid-market acquisitions, special situations, and distressed mortgage loans. They also manage "buy and build" platforms, which involve consolidating multiple acquisitions under a single management team, alongside growth equity and development projects, often taking significant majority stakes or minority positions in operating companies. The scope of its investments covers sectors like shipping, real estate, corporate and consumer debt, and greenfield alternative energy projects in energy, power, and property development. The firm actively seeks opportunities in dislocated markets, shipping, financial institution breakups, reinsurance, and initiatives aimed at improving freight mobility. Key industry focuses further include financial services, healthcare, life sciences, enterprise technology, and consumer goods, including consumer tech. Beyond these, it actively explores investment prospects across Asia and Latin America, typically maintaining a three-year investment period for its ventures. The hedge fund business provides a broad range of commingled and customized fund solutions. Concurrently, its credit division concentrates on loans and securities issued by non-investment grade entities. These span the entire capital structure, encompassing senior debt, subordinated debt, preferred stock, and common equity. Established in 1985, Blackstone Inc. is headquartered in New York City, with a significant global presence through additional offices throughout Asia, Europe, and North America.

CEO
Stephen Allen Schwarzman
Headquarters
New York City, NY
Employees
5,285
IPO
2007-06-22
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.