Blackstone (MEX:BX) Cyclically Adjusted FCF per Share: MXN65.77 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:BX Blackstone Inc MEX:BX
70 GF Score
Price MXN2,234.30
GF Value MXN3,554.47
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Blackstone Cyclically Adjusted FCF per Share?

Blackstone MEX:BX 70 Cyclically Adjusted FCF per Share is MXN65.77 as of Mar. 2026. GuruFocus rates MEX:BX with a GF Score™ of 70/100 and a GF Value™ of MXN3,554.47 (Significantly Undervalued). The stock has 5 warning signs investors should review.

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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

Blackstone's adjusted free cash flow per share for the three months ended in Mar. 2026 was MXN21.962. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is MXN65.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Blackstone's average Cyclically Adjusted FCF Growth Rate was 7.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 1.90% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 11.10% per year. During the past 10 years, the average Cyclically Adjusted FCF Growth Rate was 6.70% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of Blackstone was 26.90% per year. The lowest was -13.40% per year. And the median was 3.10% per year.

As of today (2026-07-19), Blackstone's current stock price is MXN2234.30. Blackstone's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was MXN65.77. Blackstone's Cyclically Adjusted Price-to-FCF of today is 33.97.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of Blackstone was 61.63. The lowest was 10.49. And the median was 31.70.


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

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

Blackstone's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=2234.30/65.77
=33.97

* 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 Price-to-FCF of Blackstone was 61.63. The lowest was 10.49. And the median was 31.70.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


Blackstone Cyclically Adjusted FCF per Share Related Terms


Blackstone Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for Blackstone's Cyclically Adjusted FCF 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.

Blackstone Cyclically Adjusted FCF per Share Chart

Blackstone Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 50.42 64.73 54.44 66.22 63.83

Blackstone Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted FCF 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 68.71 62.29 65.89 63.83 65.77

MEX:BX vs BLK, KKR, APO: Cyclically Adjusted FCF per Share Comparison

For the Asset Management subindustry, Blackstone's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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 Cyclically Adjusted Price-to-FCF vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Blackstone's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where Blackstone's Cyclically Adjusted Price-to-FCF falls into.


MEX:BX
70GF Score
Blackstone Inc MEX:BX
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackstone Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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 Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=21.962/330.2130*330.2130
=21.962

Current CPI (Mar. 2026) = 330.2130.

Blackstone Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 0.317 241.018 0.434
201609 6.679 241.428 9.135
201612 -13.003 241.432 -17.785
201703 8.515 243.801 11.533
201706 -14.736 244.955 -19.865
201709 -12.328 246.819 -16.493
201712 -11.730 246.524 -15.712
201803 -26.631 249.554 -35.238
201806 -25.788 251.989 -33.793
201809 20.491 252.439 26.804
201812 22.504 251.233 29.579
201903 1.804 254.202 2.343
201906 4.266 256.143 5.500
201909 31.027 256.759 39.903
201912 16.058 256.974 20.635
202003 34.221 258.115 43.780
202006 9.166 257.797 11.741
202009 2.828 260.280 3.588
202012 7.619 260.474 9.659
202103 65.533 264.877 81.698
202106 24.439 271.696 29.703
202109 45.369 274.310 54.615
202112 -23.536 278.802 -27.876
202203 72.938 287.504 83.773
202206 52.456 296.311 58.458
202209 24.315 296.808 27.052
202212 17.488 296.797 19.457
202303 6.836 301.836 7.479
202306 37.628 305.109 40.724
202309 23.444 307.789 25.152
202312 19.348 306.746 20.828
202403 20.129 312.332 21.281
202406 27.297 314.175 28.690
202409 30.818 315.301 32.276
202412 4.056 315.605 4.244
202503 28.603 319.799 29.534
202506 20.416 322.561 20.900
202509 36.884 324.800 37.499
202512 24.034 324.054 24.491
202603 21.962 330.213 21.962

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of MXN65.77 mean?
Blackstone (MEX:BX) has a Cyclically Adjusted FCF per Share of MXN65.77 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Blackstone and its competitors.
Is Blackstone's Cyclically Adjusted FCF per Share too high?
Blackstone's current Cyclically Adjusted FCF per Share is MXN65.77. Overall, Blackstone has a GF Score™ of 70/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone's Cyclically Adjusted FCF per Share compare to BLK and KKR?
Blackstone's Cyclically Adjusted FCF per Share of MXN65.77 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for an Asset Management company?
A good Cyclically Adjusted FCF per Share depends on the Asset Management industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on Blackstone and its competitors. Blackstone's current Cyclically Adjusted FCF per Share is MXN65.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone stock overvalued right now?
Based on GuruFocus' analysis, Blackstone (MEX:BX) is currently considered Significantly Undervalued. The stock's GF Value™ is MXN3,554.47, compared to a current price of MXN2,234.30 — trading 37.1% below its estimated fair value. The current Cyclically Adjusted FCF per Share is MXN65.77. Blackstone's overall GF Score™ is 70/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For Blackstone (MEX:BX), the current Cyclically Adjusted FCF per Share is MXN65.77 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Blackstone (MEX:BX) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone stock appears to be undervalued. The current stock price of MXN2,234.30 is trading 37.1% below its estimated GF Value™ of MXN3,554.47. GuruFocus considers Blackstone to be Significantly Undervalued.

Key valuation signals for MEX:BX:

  • Cyclically Adjusted FCF per Share: MXN65.77
  • GF Value™: MXN3,554.47 vs. price of MXN2,234.30 (37.1% below fair value)
  • GF Score™: 70/100 with 5 warning signs

No single metric tells the full story. See the MEX:BX stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackstone Business Description

Address 345 Park Avenue, New York, NY, USA, 10154
Blackstone is the world's largest alternative-asset manager with $1.304 trillion in total assets under management, including $937.6 billion in fee-earning assets under management, at the end of March 2026. The company operates with scale in each of its major product lines: private equity (27% of fee-earning AUM and 34% of base management fees), real estate/real assets (30% and 33%), credit and insurance (33% and 26%), and other alternatives (10% and 7%). While the firm primarily serves institutional investors (84% of AUM), it also caters to clients in the high-net-worth channel (16%). Blackstone operates through 25 offices in the Americas (8), Europe and the Middle East (9), and the Asia-Pacific region (8).
70GF Score

Get the complete analysis for MEX:BX

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,234.30
Price
MXN3,554.47
GF Value