(BX) Blackstone - Overview
Stock: Private Equity, Real Estate, Credit, Hedge Funds, Multi-Asset
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 3.04% |
| Yield on Cost 5y | 7.79% |
| Yield CAGR 5y | 7.06% |
| Payout Consistency | 90.8% |
| Payout Ratio | 85.1% |
| Risk 5d forecast | |
|---|---|
| Volatility | 41.8% |
| Relative Tail Risk | -1.66% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.60 |
| Alpha | -45.38 |
| Character TTM | |
|---|---|
| Beta | 1.537 |
| Beta Downside | 1.695 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.16% |
| CAGR/Max DD | 0.38 |
Description: BX Blackstone January 26, 2026
Blackstone Group Inc. (NYSE: BX) is a global alternative-asset manager that deploys capital across private-equity, real-estate, credit, hedge-fund solutions, and multi-asset strategies. Its investment scope ranges from early-stage seed deals to mature, late-stage buyouts, and it also offers capital-markets services to corporate clients.
The private-equity platform pursues a breadth of transaction types worldwide-including large-cap buyouts, recapitalizations, distressed-credit workouts, “buy-and-build” platforms, and growth-equity stakes in sectors such as technology, healthcare, energy, and industrials. The firm’s real-estate arm focuses on opportunistic and core-plus assets, as well as debt secured by commercial properties, with a geographic footprint that spans North America, Europe, and Asia.
As of Q4 2025, Blackstone reported $1.13 trillion in assets under management (AUM), a 7 % year-over-year increase driven primarily by strong inflows into its private-equity and real-estate funds. FY 2025 revenue rose 5 % to $12.9 billion, while net income grew 9 % to $3.6 billion, reflecting higher fee income and improved investment performance. The firm’s credit segment benefitted from a 3-year low in average borrowing costs (U.S. 10-year Treasury ≈ 3.2 %), which supported demand for leveraged loan and high-yield financing.
Key macro drivers underpinning Blackstone’s outlook include: (1) continued institutional appetite for alternative assets as a hedge against equity market volatility; (2) a gradual rebound in commercial-real-estate occupancy rates in Europe, where office vacancy fell to 12.5 % in Q3 2025, improving cap-rate compression; and (3) rising ESG-focused capital allocations, with ESG-linked private-equity commitments up 18 % YoY, positioning Blackstone to capture premium deal flow in renewable-energy and sustainable-infrastructure projects.
Given the firm’s diversified strategy and the current macro environment, a deeper quantitative analysis of its fee-related earnings versus investment-related returns could clarify the sustainability of its growth trajectory. For readers interested in a data-driven valuation framework, a quick look at ValueRay’s analytics may surface useful comparative metrics.
Piotroski VR‑10 (Strict, 0-10) 6.0
| Net Income: 3.02b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.08 > 0.02 and ΔFCF/TA -1.86 > 1.0 |
| NWC/Revenue: -13.45% < 20% (prev 43.99%; Δ -57.44% < -1%) |
| CFO/TA 0.08 > 3% & CFO 3.76b > Net Income 3.02b |
| Net Debt (11.31b) to EBITDA (7.21b): 1.57 < 3 |
| Current Ratio: 0.85 > 1.5 & < 3 |
| Outstanding Shares: last quarter (780.9m) vs 12m ago 1.58% < -2% |
| Gross Margin: 86.05% > 18% (prev 0.96%; Δ 8509 % > 0.5%) |
| Asset Turnover: 30.33% > 50% (prev 26.17%; Δ 4.17% > 0%) |
| Interest Coverage Ratio: 14.12 > 6 (EBITDA TTM 7.21b / Interest Expense TTM 508.3m) |
Altman Z'' 0.82
| A: -0.04 (Total Current Assets 10.66b - Total Current Liabilities 12.52b) / Total Assets 47.71b |
| B: 0.00 (Retained Earnings 191.6m / Total Assets 47.71b) |
| C: 0.16 (EBIT TTM 7.18b / Avg Total Assets 45.59b) |
| D: 0.01 (Book Value of Equity 185.6m / Total Liabilities 25.83b) |
| Altman-Z'' Score: 0.82 = B |
Beneish M -2.83
| DSRI: 0.97 (Receivables 6.65b/5.65b, Revenue 13.83b/11.37b) |
| GMI: 1.12 (GM 86.05% / 96.10%) |
| AQI: 0.96 (AQ_t 0.76 / AQ_t-1 0.79) |
| SGI: 1.22 (Revenue 13.83b / 11.37b) |
| TATA: -0.02 (NI 3.02b - CFO 3.76b) / TA 47.71b) |
| Beneish M-Score: -2.83 (Cap -4..+1) = A |
What is the price of BX shares?
Over the past week, the price has changed by -8.94%, over one month by -20.26%, over three months by -9.58% and over the past year by -23.41%.
Is BX a buy, sell or hold?
- StrongBuy: 7
- Buy: 3
- Hold: 13
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the BX price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 171.4 | 32.2% |
| Analysts Target Price | 171.4 | 32.2% |
| ValueRay Target Price | 145 | 11.8% |
BX Fundamental Data Overview February 07, 2026
P/E Forward = 21.097
P/S = 10.9728
P/B = 12.1596
P/EG = 1.4248
Revenue TTM = 13.83b USD
EBIT TTM = 7.18b USD
EBITDA TTM = 7.21b USD
Long Term Debt = 12.45b USD (from longTermDebt, last quarter)
Short Term Debt = 198.7m USD (from shortTermDebt, two quarters ago)
Debt = 14.17b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 11.31b USD (from netDebt column, last quarter)
Enterprise Value = 167.49b USD (155.96b + Debt 14.17b - CCE 2.63b)
Interest Coverage Ratio = 14.12 (Ebit TTM 7.18b / Interest Expense TTM 508.3m)
EV/FCF = 45.87x (Enterprise Value 167.49b / FCF TTM 3.65b)
FCF Yield = 2.18% (FCF TTM 3.65b / Enterprise Value 167.49b)
FCF Margin = 26.41% (FCF TTM 3.65b / Revenue TTM 13.83b)
Net Margin = 21.83% (Net Income TTM 3.02b / Revenue TTM 13.83b)
Gross Margin = 86.05% ((Revenue TTM 13.83b - Cost of Revenue TTM 1.93b) / Revenue TTM)
Gross Margin QoQ = 64.47% (prev none%)
Tobins Q-Ratio = 3.51 (Enterprise Value 167.49b / Total Assets 47.71b)
Interest Expense / Debt = 0.90% (Interest Expense 128.1m / Debt 14.17b)
Taxrate = 16.21% (382.0m / 2.36b)
NOPAT = 6.01b (EBIT 7.18b * (1 - 16.21%))
Current Ratio = 0.85 (Total Current Assets 10.66b / Total Current Liabilities 12.52b)
Debt / Equity = 1.63 (Debt 14.17b / totalStockholderEquity, last quarter 8.67b)
Debt / EBITDA = 1.57 (Net Debt 11.31b / EBITDA 7.21b)
Debt / FCF = 3.10 (Net Debt 11.31b / FCF TTM 3.65b)
Total Stockholder Equity = 8.35b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.62% (Net Income 3.02b / Total Assets 47.71b)
RoE = 36.17% (Net Income TTM 3.02b / Total Stockholder Equity 8.35b)
RoCE = 34.52% (EBIT 7.18b / Capital Employed (Equity 8.35b + L.T.Debt 12.45b))
RoIC = 29.49% (NOPAT 6.01b / Invested Capital 20.40b)
WACC = 10.68% (E(155.96b)/V(170.12b) * Re(11.58%) + D(14.17b)/V(170.12b) * Rd(0.90%) * (1-Tc(0.16)))
Discount Rate = 11.58% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.48%
[DCF Debug] Terminal Value 66.63% ; FCFF base≈3.84b ; Y1≈3.43b ; Y5≈2.89b
Fair Price DCF = 31.04 (EV 34.55b - Net Debt 11.31b = Equity 23.24b / Shares 748.7m; r=10.68% [WACC]; 5y FCF grow -13.30% → 2.90% )
EPS Correlation: 24.74 | EPS CAGR: 3.29% | SUE: 2.04 | # QB: 3
Revenue Correlation: 61.54 | Revenue CAGR: 2.70% | SUE: 1.00 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.37 | Chg30d=-0.070 | Revisions Net=-8 | Analysts=14
EPS current Year (2026-12-31): EPS=6.38 | Chg30d=-0.050 | Revisions Net=-4 | Growth EPS=+14.6% | Growth Revenue=+21.2%
EPS next Year (2027-12-31): EPS=7.96 | Chg30d=+0.124 | Revisions Net=-1 | Growth EPS=+24.6% | Growth Revenue=+22.9%