---
title: Blackstone (BX) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/bx
ticker: BX
as_of: 2026-10-17
sector: Financial Services
industry: Asset Management
---
# Blackstone (BX)

Blackstone (BX) closed at $106.63 on Oct 16, 2026, undervalued by 13% vs its model value of $122.30 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $106.63 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $122.30 |
| Price vs model | undervalued by 13% vs model |
| Range of that model | $88.56 – $197.19 |
| Market value | $122.7B |
| P/E (fiscal 2025) | 27.5 |
| Net margin (fiscal 2025) | 21.8% |
| Free cash flow (fiscal 2025) | $1.7B |
| Dividend yield (trailing twelve months) | 4.91% |
| Beta | 1.59 |
| Cost of capital (WACC) | 10.22% |
| Business classification | Dividend Payer (High revenue growth (~31% recent), High profitability (22% net margin), Strong dividend yield, Highly cyclical earnings) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #25 | 4.91% | https://sweetvaluelab.com/lists/highest-dividend-yield |
| Near 52-week lows | #24 | +4.4% | https://sweetvaluelab.com/lists/near-52-week-lows |
| Worst performing this year | #34 | −30.8% | https://sweetvaluelab.com/lists/worst-performing-this-year |
| Insider buying | #46 | $62,445 | https://sweetvaluelab.com/lists/insider-buying |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.91% |
| Dividends per share, last 12 months | $5.23 |
| Dividends / earnings (fiscal 2025) | 199.2% |
| Raised | 2 years in a row |
| Growth over 5 years | 7.9% a year |
| Latest payment | $1.29, ex-date Aug 3, 2026, paid Aug 10, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Oct 29, 2021 | $3.57 |
| To Aug 18, 2022 | $4.11 |
| To Jul 28, 2023 | $3.42 |
| To Jul 29, 2024 | $3.39 |
| To Aug 4, 2025 | $4.26 |
| Trailing twelve months (to Aug 3, 2026) | $5.23 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/E · peers | primary | $122.30 | $88.56 | $197.19 |
| P/E · own history | cross check | $195.20 | $148.97 | $266.89 |
| PEG | sanity check | $148.14 | $148.14 | $148.14 |
| Dividend discount | cross check | $95.31 | $70.24 | $127.21 |

## Insider activity (SEC Form 4)

Past 90 days: 3 open-market buys ($62,444.8) and 7 open-market sales ($24.4M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 18, 2026 | Baratta Joseph | Director | Open-market sell | 57,754 | $7.2M |
| Sep 18, 2026 | Baratta Joseph | Director | Open-market sell | 42,246 | $5.2M |
| Aug 11, 2026 | Finley John G | Chief Legal Officer | Open-market sell | 19,802 | $2.9M |
| Aug 11, 2026 | Finley John G | Chief Legal Officer | Open-market sell | 25,198 | $3.7M |
| Aug 11, 2026 | Payne David | Chief Accounting Officer | Open-market sell | 9,500 | $1.4M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 15, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1393818/000119312526422888/d59966d8k.htm |
| Sep 22, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1393818/000119312526398100/d92415d8k.htm |
| Aug 7, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1393818/000119312526340208/d158269d10q.htm |
| Jul 23, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1393818/000119312526313250/d153439d8k.htm |
| Jun 23, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1393818/000119312526279498/d122067d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Thomas Gayner | 2026-06-30 | 1,229,000 | $144.6M |
| Torray | 2026-06-30 | 188,812 | $22.2M |
| Soros | 2026-06-30 | 51,080 | $6.0M |
| Bill Nygren | 2026-06-30 | 3,750 | $441,263 |

5 tracked managers in all.

## About

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…

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Source: https://sweetvaluelab.com/stocks/bx (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.