# Blackstone Inc. (BX) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Financial Services / Capital Markets. Price $136.15, market value $162.7 billion.

## Valuation
- **P/E (trailing): 30.5×** (5-yr avg 38.4×, 3-yr avg 50.1×). Blackstone Inc. trades at 30.5× trailing earnings, well below its own five-year average of 38.4×: cheap by its own standards. The Financial Services median in the September 2026 study was 13.1×. Forward P/E is 18.2×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 2.63**. A PEG of 2.63 means the P/E is high relative to expected earnings growth; the price already assumes a lot.
- **Price / sales: 10.1×**. Each dollar of revenue is priced at 10.1×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 12.1×**. The shares trade at 12.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: 3.4%** (5-yr avg 5.6%). Free cash flow equals 3.4% of the market value, below its five-year average of 5.6%, so the shares are pricier on cash than usual.
- **Earnings yield: 3.3%**. The inverse of the P/E: 3.3% of the price is earned each year.

## Profitability
- **Net margin: 20.9%**. 20.9% of each dollar of sales reaches the bottom line.
- **Return on equity: 34.8%**. 34.8% on shareholders' equity is excellent if it is not driven by leverage; sustained above 20% usually signals a competitive advantage.
- **Return on assets: 7.4%**. Each dollar of assets produces 7.4% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 9.2%** (3-yr 19.3%/yr, 5-yr 18.8%/yr). Revenue grew 9.2% over the last year, against 18.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): 6.9%** (3-yr 17.9%/yr, 5-yr 20.9%/yr). Earnings per share rose 6.9%, roughly in step with revenue.
- **Free-cash-flow growth (3 yr): -9.3%/yr**. Free cash flow has compounded at -9.3% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Piotroski F-score: 4/9**. 4 of 9 checks pass: mixed.
- **Cash and short-term investments: $2.6 billion**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend yield: 3.84%** ($5.23 per share, trailing). Blackstone Inc. yields 3.84%, an income-level yield.
- **Payout ratio: 199%** (116% of free cash flow). The dividend exceeds earnings (199% payout), which is rarely sustainable outside REITs and one-off years.
- **Consecutive years of increases: 2**. 2 straight years of increases.
- **Dividend growth (5 yr): 19.7%/yr** (1-yr 35.9%). The dividend has compounded at 19.7% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: buy** (21 analysts). 21 analysts cover Blackstone Inc.; the consensus is buy, with an average price target of $144.05 (+6% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): -17.5%** (YTD -9.8%, 3-mo 18.0%). The shares are down 17.5% over twelve months including dividends.
- **From 52-week high: -28.4%** (33.8% above the low). Trading 28% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 46**. An RSI of 46 is neutral.
- **Beta (1 yr): 1.37** (volatility 36%). Beta of 1.37 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=BX · Page: https://foliofundamentals.com/stocks/bx

Not investment advice.