Is It Too Late To Consider Blackstone (BX) After Strong Multi Year Share Price Gains?

Simply Wall St

Thu, January 8, 2026 at 9:12 PM EST 4 min read

• If you are looking at Blackstone and wondering whether the current share price still makes sense, you are not alone. Many investors are asking the same question.

• The stock recently closed at US$155.30, with returns of 0.8% over 7 days, a 0.5% decline over 30 days, a 2.2% decline year to date, an 8.0% decline over 1 year, and very large gains over 3 and 5 years at 99.9% and 190.7% respectively.

• These moves have kept Blackstone firmly in the spotlight, as long term holders compare the strong multi year gains with more muted recent returns. That context matters when you are weighing up whether the current price fairly reflects expectations around its assets, fee streams and market positioning.

• Right now, Blackstone scores 0 out of 6 on our valuation checks for being undervalued, which gives it a valuation score of 0/6. Next, we will look at what different valuation approaches say about the stock, and then finish with a way of thinking about value that can give you a clearer big picture.

Blackstone scores just 0/6 on our valuation checks. See what other red flags we found in the full valuation breakdown.

The Excess Returns model looks at how much profit a company is expected to generate over and above the return that equity investors require, then attributes that stream of “excess” value to each share.

For Blackstone, the model uses a Book Value of $10.72 per share and a Stable EPS of $3.95 per share, based on weighted future Return on Equity estimates from 7 analysts. The Average Return on Equity used is 49.27%, alongside a Stable Book Value of $8.02 per share, based on estimates from 3 analysts. The Cost of Equity is $0.66 per share, which leaves an Excess Return of $3.29 per share in the model.

When these excess returns are projected and capitalized, the Excess Returns framework arrives at an estimated intrinsic value of about $74.14 per share for Blackstone. Against the recent share price of US$155.30, this suggests the stock is 109.5% overvalued based on this approach.

Result: OVERVALUED

Our Excess Returns analysis suggests Blackstone may be overvalued by 109.5%. Discover 881 undervalued stocks or create your own screener to find better value opportunities.

Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Blackstone.

For a profitable company like Blackstone, the P/E ratio is a helpful way to relate what you pay per share to the earnings the business is currently generating. It gives you a quick sense of how many years of current earnings the market is willing to pay for.