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Blackstone (MEX:BX) Cyclically Adjusted Book per Share : MXN242.58 (As of Mar. 2025)


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What is Blackstone Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Blackstone's adjusted book value per share for the three months ended in Mar. 2025 was MXN211.138. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN242.58 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Blackstone's average Cyclically Adjusted Book Growth Rate was -2.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 1.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was -0.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Blackstone was 4.30% per year. The lowest was -3.20% per year. And the median was -0.40% per year.

As of today (2025-05-20), Blackstone's current stock price is MXN2865.00. Blackstone's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN242.58. Blackstone's Cyclically Adjusted PB Ratio of today is 11.81.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Blackstone was 16.28. The lowest was 1.88. And the median was 4.86.


Blackstone Cyclically Adjusted Book per Share Historical Data

The historical data trend for Blackstone's Cyclically Adjusted Book per Share 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 Cyclically Adjusted Book per Share Chart

Blackstone Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 193.21 241.01 239.09 212.25 239.39

Blackstone Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share 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 203.39 226.18 235.28 239.39 242.58

Competitive Comparison of Blackstone's Cyclically Adjusted Book per Share

For the Asset Management subindustry, Blackstone's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where Blackstone's Cyclically Adjusted PB Ratio falls into.


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Blackstone Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Blackstone's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=211.138/134.9266*134.9266
=211.138

Current CPI (Mar. 2025) = 134.9266.

Blackstone Quarterly Data

Book Value per Share CPI Adj_Book
201506 181.657 100.684 243.439
201509 177.057 100.392 237.965
201512 172.646 99.792 233.430
201603 166.005 100.470 222.936
201606 179.890 101.688 238.690
201609 190.774 101.861 252.702
201612 207.017 101.863 274.213
201703 193.072 102.862 253.257
201706 180.004 103.349 235.003
201709 181.746 104.136 235.485
201712 197.563 104.011 256.285
201803 177.482 105.290 227.440
201806 205.594 106.317 260.919
201809 195.249 106.507 247.349
201812 188.862 105.998 240.406
201903 188.596 107.251 237.263
201906 183.437 108.070 229.024
201909 196.193 108.329 244.363
201912 194.288 108.420 241.787
202003 183.550 108.902 227.414
202006 187.311 108.767 232.361
202009 194.848 109.815 239.404
202012 187.969 109.897 230.780
202103 225.496 111.754 272.252
202106 232.254 114.631 273.374
202109 258.078 115.734 300.875
202112 264.059 117.630 302.888
202203 261.849 121.301 291.262
202206 233.959 125.017 252.504
202209 205.753 125.227 221.691
202212 200.981 125.222 216.557
202303 171.349 127.348 181.546
202306 163.252 128.729 171.112
202309 163.960 129.860 170.358
202312 152.644 129.419 159.139
202403 152.044 131.776 155.679
202406 162.963 132.554 165.880
202409 179.690 133.029 182.253
202412 222.803 133.157 225.764
202503 211.138 134.927 211.138

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Blackstone  (MEX:BX) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Blackstone's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=2865.00/242.58
=11.81

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Blackstone was 16.28. The lowest was 1.88. And the median was 4.86.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Blackstone Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Blackstone's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Blackstone Business Description

Industry
Address
345 Park Avenue, New York, NY, USA, 10154
Blackstone is the world's largest alternative-asset manager with $1.108 trillion in total asset under management, including $820.5 billion in fee-earning assets under management, at the end of September 2024. The company has four core business segments: private equity (25% of fee-earning AUM and 30% of base management fees), real estate (35% and 39%), credit and insurance (31% and 24%), and multi-asset investing (9% and 7%). 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 in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).