GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Blackstone Inc (NYSE:BX) » Definitions » Shiller PE Ratio
中文

Blackstone (Blackstone) Shiller PE Ratio : 39.80 (As of Apr. 25, 2024)


View and export this data going back to 2007. Start your Free Trial

What is Blackstone Shiller PE Ratio?

As of today (2024-04-25), Blackstone's current share price is $123.78. Blackstone's E10 for the quarter that ended in Dec. 2023 was $3.11. Blackstone's Shiller PE Ratio for today is 39.80.

The historical rank and industry rank for Blackstone's Shiller PE Ratio or its related term are showing as below:

BX' s Shiller PE Ratio Range Over the Past 10 Years
Min: 11.16   Med: 37.98   Max: 459.75
Current: 39.8

During the past years, Blackstone's highest Shiller PE Ratio was 459.75. The lowest was 11.16. And the median was 37.98.

BX's Shiller PE Ratio is ranked worse than
91.56% of 758 companies
in the Asset Management industry
Industry Median: 12.63 vs BX: 39.80

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Blackstone's adjusted earnings per share data for the three months ended in Dec. 2023 was $0.200. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is $3.11 for the trailing ten years ended in Dec. 2023.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone Shiller PE Ratio Historical Data

The historical data trend for Blackstone's Shiller PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Blackstone Shiller PE Ratio Chart

Blackstone Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 39.05 37.66 47.62 24.07 42.13

Blackstone Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Shiller PE Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 24.07 28.26 29.29 33.10 42.13

Competitive Comparison of Blackstone's Shiller PE Ratio

For the Asset Management subindustry, Blackstone's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Blackstone's Shiller PE Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Blackstone's Shiller PE Ratio falls into.



Blackstone Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Blackstone's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=123.78/3.11
=39.80

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Blackstone's E10 for the quarter that ended in Dec. 2023 is calculated as:

For example, Blackstone's adjusted earnings per share data for the three months ended in Dec. 2023 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=0.2/129.4194*129.4194
=0.200

Current CPI (Dec. 2023) = 129.4194.

Blackstone Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201403 0.440 99.695 0.571
201406 0.850 100.560 1.094
201409 0.410 100.428 0.528
201412 0.890 99.070 1.163
201503 1.000 99.621 1.299
201506 0.210 100.684 0.270
201509 -0.400 100.392 -0.516
201512 0.310 99.792 0.402
201603 0.230 100.470 0.296
201606 0.300 101.688 0.382
201609 0.470 101.861 0.597
201612 0.550 101.863 0.699
201703 0.680 102.862 0.856
201706 0.500 103.349 0.626
201709 0.550 104.136 0.684
201712 0.450 104.011 0.560
201803 0.530 105.290 0.651
201806 1.090 106.317 1.327
201809 0.640 106.507 0.778
201812 -0.010 105.998 -0.012
201903 0.710 107.251 0.857
201906 0.450 108.070 0.539
201909 1.150 108.329 1.374
201912 0.710 108.420 0.848
202003 -1.580 108.902 -1.878
202006 0.810 108.767 0.964
202009 1.130 109.815 1.332
202012 1.070 109.897 1.260
202103 2.460 111.754 2.849
202106 1.820 114.631 2.055
202109 1.940 115.734 2.169
202112 1.920 117.630 2.112
202203 1.660 121.301 1.771
202206 -0.040 125.017 -0.041
202209 0.003 125.227 0.003
202212 0.750 125.222 0.775
202303 0.110 127.348 0.112
202306 0.790 128.729 0.794
202309 0.730 129.860 0.728
202312 0.200 129.419 0.200

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Blackstone  (NYSE:BX) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Blackstone Shiller PE Ratio Related Terms

Thank you for viewing the detailed overview of Blackstone's Shiller PE Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackstone (Blackstone) Business Description

Traded in Other Exchanges
Address
345 Park Avenue, New York, NY, USA, 10154
Blackstone is the world's largest alternative asset managers with $1.001 trillion in total asset under management, including $731.1 billion in fee-earning asset under management, at the end of June 2023. The company has four core business segments: private equity (23% of fee-earning AUM and 27% of base management fees); real estate (39% and 44%); credit & insurance (28% and 21%); and hedge fund solutions (10% and 8%). While the firm primarily serves institutional investors (87% of AUM), it also caters to clients in the high-net-worth channel (13%). Blackstone operates through 25 offices located in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
Executives
David Payne officer: Chief Accounting Officer C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
Ruth Porat director C/O GOOGLE INC., 1600 AMPHITHEATRE PRKW, MOUNTAIN VIEW CA 94043
John G Finley officer: Chief Legal Officer C/O THE BLACKSTONE GROUP, 345 PARK AVENUE, NEW YORK NY 10154
Joseph Baratta director C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Reginald J Brown director C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154
William G Parrett director THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
James Breyer director ACCEL PARTNERS, 428 UNIVERSITY AVE, PALO ALTO CA 94301
Hamilton E James director, officer: President and COO JEFFERSON RIVER CAPITAL, 499 PARK AVENUE, 27TH FLOOR, NEW YORK NY 10022
Jonathan Gray director C/O THE BLACKSTONE GROUP, 345 PARK AVE. 31ST FL., NEW YORK NY 10154
Joan Solotar officer: SMD - Public Market Activities THE BLACKSTONE GROUP L.P.,, 345 PARK AVENUE, NEW YORK NY 10154
Christopher Striano officer: Principal Accounting Officer C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154
John A. Hood director C/O THE BLACKSTONE GROUP L.P., 345 PARK AVENUE, NEW YORK NY 10154
Kelly Ayotte director C/O NEWS CORPORATION, 1211 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Bennett J Goodman director C/O GSO CAPITAL PARTNERS LP, 345 PARK AVENUE, NEW YORK NY 10154
J Tomilson Hill director, officer: Vice Chairman