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Friday 6 November 2026 Export BX’s income statement to Excel — free account

Blackstone Inc.

BX Financial Asset Management

Blackstone Inc.’s revenue for fiscal 2025 (year ended December 2025) was $14.5 billion, up 9.22% from fiscal 2024.

Revenue
−0.83%
EPS
+3.75%
Free cash flow
+125.1%
Total debt
+11.7%

Quarter to September 2026, against a year earlier

120.43 0.61 +0.51%
Market cap
$149.0B
P/E
26.8×
Fwd P/E
19.9×
Dividend yield
4.20%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Blackstone Inc. (BX) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Blackstone Inc. (BX) trades at a P/B ratio of 4.9×. Over the past ten years it has ranged from 1.2× (January 2019) to 8.2× (November 2024); the current reading is higher than 79% of that period. That is above the Asset Management industry median of 0.9× and above the Financial sector median of 1.3×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 5.9× (17.04%)
FY2024 7.1× 23.31%
FY2023 5.7× 82.68%
FY2022 3.1× (27.08%)
FY2021 4.3× 38.41%
FY2020 3.1× 23.49%
FY2019 2.5× 111.61%
FY2018 1.2× (26.84%)
FY2017 1.6× 9.81%
FY2016 1.5× (3.79%)

Quarterly newest first

Period P/B ratio Change
Sep 2026 4.6× 2.41%
Jun 2026 4.5× (0.95%)
Mar 2026 4.5× (23.07%)
Dec 2025 5.9× (12.78%)
43 more quarters

Against its own ten years

Low 1.2× High 8.2×
Ten-year median 3.1×
Current reading's percentile 77

P/B ratio against peers

Company P/B ratio
KKR KKR & Co. Inc. compare 1.2×
STT State Street Corporation compare 1.8×
APO Apollo Global Management Inc. compare 2.0×
NTRS Northern Trust Corporation compare 2.5×
BLK BlackRock compare 3.1×
ARES Ares Management Corporation compare 4.3×
BX Blackstone Inc. 4.9×
AMP Ameriprise Financial, Inc. compare 9.0×
BAM Brookfield Asset Management Ltd. compare 9.2×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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