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Blackstone stock performance snapshot
Blackstone (BX) has drawn investor attention after a recent period where the stock is down about 9% over the past month and roughly 2% over the past 3 months, against a backdrop of mixed longer term returns.
See our latest analysis for Blackstone.
At a share price of US$118.51, Blackstone’s recent 1 month share price return of down 8.65% and year to date decline of 25.37% contrast with a 3 year total shareholder return of 51.74%. This indicates fading near term momentum against a stronger longer term record.
If recent moves in Blackstone have you reassessing your options, it can be useful to widen the lens and look at other high growth themes using our 20 top founder-led companies
So, with Blackstone delivering a 51.74% 3 year total return, reporting revenue of US$14.40b and net income of US$3.05b, and trading at US$118.51, is this a buying opportunity, or is any potential future growth already reflected in the current price?
Most Popular Narrative: 27% Undervalued
Against the last close of US$118.51, the most followed narrative pegs Blackstone’s fair value at US$162.26, using an 8.01% discount rate and long term assumptions on growth and profitability.
Recent research paints a mixed picture for Blackstone, with price targets and commentary clustering around two themes: how well the firm can manage current redemption pressures in its wealth products, and how effectively it can still grow and monetize its broader alternatives platform over time.
Read the complete narrative. Read the complete narrative.
Want to see what is driving that valuation gap? The narrative leans on projected earnings growth, richer margins and a tighter future earnings multiple. Curious which assumptions really move the fair value line here?
Result: Fair Value of $162.26 (UNDERVALUED)
Have a read of the narrative in full and understand what’s behind the forecasts.
However, that gap also relies on assumptions that could be challenged if BCRED redemption pressures persist or if weaker flows hit fee-related earnings and asset realizations.
Find out about the key risks to this Blackstone narrative.
Another way to look at valuation
The narrative suggests Blackstone is undervalued based on future cash flows, but its current P/E of 30.5x sits well above both the 24.6x fair ratio and peer average of 22.7x, even while sitting below the 40.1x industry average. That gap points to real pricing risk if sentiment cools.
Before leaning too heavily on any single price target or ratio, it can help to see how the current earnings multiple fits into a broader valuation breakdown. This includes how it compares with peers and where the fair ratio implies the market could eventually settle, using our See what the numbers say about this price — find out in our valuation breakdown.
NYSE:BX P/E Ratio as at May 2026 Next Steps
Mixed signals on value, growth and sentiment can be hard to weigh, so it helps to review the key facts quickly and pressure test the story yourself against the 3 key rewards and 3 important warning signs
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If Blackstone has sharpened your focus, do not stop here. The right watchlist can start with one stock and quickly turn into a smarter portfolio.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include BX.
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