(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 | 8.04% |
| Yield CAGR 5y | 7.06% |
| Payout Consistency | 90.8% |
| Payout Ratio | 64.6% |
| Risk 5d forecast | |
|---|---|
| Volatility | 35.5% |
| Relative Tail Risk | -1.86% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.42 |
| Alpha | -43.41 |
| Character TTM | |
|---|---|
| Beta | 1.513 |
| Beta Downside | 1.671 |
| Drawdowns 3y | |
|---|---|
| Max DD | 39.16% |
| CAGR/Max DD | 0.43 |
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: -19.68% < 20% (prev 43.99%; Δ -63.67% < -1%) |
| CFO/TA 0.08 > 3% & CFO 3.76b > Net Income 3.02b |
| Net Debt (9.81b) to EBITDA (7.21b): 1.36 < 3 |
| Current Ratio: 0.80 > 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'' 0.70
| A: -0.06 (Total Current Assets 10.66b - Total Current Liabilities 13.38b) / 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: 0.70 = B |
What is the price of BX shares?
Over the past week, the price has changed by -5.36%, over one month by -7.99%, over three months by -3.17% and over the past year by -17.42%.
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 | 174.9 | 22.8% |
| Analysts Target Price | 174.9 | 22.8% |
| ValueRay Target Price | 161 | 13% |
BX Fundamental Data Overview January 31, 2026
P/E Forward = 22.2717
P/S = 12.7384
P/B = 13.4878
P/EG = 1.3418
Revenue TTM = 13.83b USD
EBIT TTM = 7.18b USD
EBITDA TTM = 7.21b USD
Long Term Debt = 12.00b USD (from longTermDebt, two quarters ago)
Short Term Debt = 198.7m USD (from shortTermDebt, two quarters ago)
Debt = 12.45b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.81b USD (from netDebt column, last quarter)
Enterprise Value = 187.41b USD (177.60b + Debt 12.45b - CCE 2.63b)
Interest Coverage Ratio = 14.12 (Ebit TTM 7.18b / Interest Expense TTM 508.3m)
EV/FCF = 51.32x (Enterprise Value 187.41b / FCF TTM 3.65b)
FCF Yield = 1.95% (FCF TTM 3.65b / Enterprise Value 187.41b)
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 95.51%)
Tobins Q-Ratio = 3.93 (Enterprise Value 187.41b / Total Assets 47.71b)
Interest Expense / Debt = 1.03% (Interest Expense 128.1m / Debt 12.45b)
Taxrate = 16.21% (382.0m / 2.36b)
NOPAT = 6.01b (EBIT 7.18b * (1 - 16.21%))
Current Ratio = 0.80 (Total Current Assets 10.66b / Total Current Liabilities 13.38b)
Debt / Equity = 1.44 (Debt 12.45b / totalStockholderEquity, last quarter 8.67b)
Debt / EBITDA = 1.36 (Net Debt 9.81b / EBITDA 7.21b)
Debt / FCF = 2.69 (Net Debt 9.81b / 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 = 35.27% (EBIT 7.18b / Capital Employed (Equity 8.35b + L.T.Debt 12.00b))
RoIC = 29.49% (NOPAT 6.01b / Invested Capital 20.40b)
WACC = 10.79% (E(177.60b)/V(190.04b) * Re(11.49%) + D(12.45b)/V(190.04b) * Rd(1.03%) * (1-Tc(0.16)))
Discount Rate = 11.49% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 1.48%
[DCF Debug] Terminal Value 66.25% ; FCFF base≈3.84b ; Y1≈3.43b ; Y5≈2.89b
Fair Price DCF = 30.97 (EV 34.07b - Net Debt 9.81b = Equity 24.25b / Shares 783.2m; r=10.79% [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=1.38 | Chg30d=-0.061 | Revisions Net=-2 | Analysts=12
EPS current Year (2026-12-31): EPS=6.40 | Chg30d=-0.034 | Revisions Net=-4 | Growth EPS=+14.9% | Growth Revenue=+21.3%
EPS next Year (2027-12-31): EPS=8.00 | Chg30d=+0.167 | Revisions Net=-3 | Growth EPS=+25.0% | Growth Revenue=+22.1%