Blackstone (MEX:BX) Cyclically Adjusted PS Ratio: 10.23 (As of Jul. 19, 2026) — 20% Above Median

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Director of Data and Quant Analytics at GuruFocus
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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
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What is Blackstone Cyclically Adjusted PS Ratio?

Blackstone MEX:BX 70 Cyclically Adjusted PS Ratio is 10.23 as of Jul. 19, 2026, which is 20% above its 10-year median of 8.55. 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. Among 904 Asset Management companies, Blackstone ranks worse than 62.5% on this metric.

As of today (2026-07-19), Blackstone's current share price is MXN2234.30. Blackstone's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN218.39. Blackstone's Cyclically Adjusted PS Ratio for today is 10.23.

The historical rank and industry rank for Blackstone's Cyclically Adjusted PS Ratio or its related term are showing as below:

MEX:BX' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.69   Med: 8.55   Max: 18.48
Current: 10.39

During the past years, Blackstone's highest Cyclically Adjusted PS Ratio was 18.48. The lowest was 1.69. And the median was 8.55.

MEX:BX's Cyclically Adjusted PS Ratio is ranked worse than
62.5% of 904 companies
in the Asset Management industry
Industry Median: 7.63 vs MEX:BX: 10.39

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Blackstone's adjusted revenue per share data for the three months ended in Mar. 2026 was MXN68.865. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN218.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone  (MEX:BX) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Blackstone Cyclically Adjusted PS Ratio Related Terms


Blackstone Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

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

Blackstone Cyclically Adjusted PS Ratio Chart

Blackstone Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.35 7.14 12.57 16.07 13.17

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 PS 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 12.99 13.56 14.95 13.17 9.41

MEX:BX vs BLK, KKR, APO: Cyclically Adjusted PS Ratio Comparison

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

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

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


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

Blackstone Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Blackstone's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2234.30/218.39
=10.23

* 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 Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Blackstone's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=68.865/330.2130*330.2130
=68.865

Current CPI (Mar. 2026) = 330.2130.

Blackstone Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 15.846 241.018 21.710
201609 19.684 241.428 26.923
201612 21.453 241.432 29.342
201703 24.239 243.801 32.830
201706 19.597 244.955 26.418
201709 21.177 246.819 28.332
201712 44.988 246.524 60.260
201803 22.029 249.554 29.149
201806 65.708 251.989 86.105
201809 24.294 252.439 31.779
201812 7.876 251.233 10.352
201903 28.025 254.202 36.405
201906 37.196 256.143 47.952
201909 43.039 256.759 55.352
201912 46.065 256.974 59.194
202003 -73.729 258.115 -94.323
202006 40.883 257.797 52.367
202009 77.043 260.280 97.743
202012 78.755 260.474 99.841
202103 117.994 264.877 147.099
202106 106.588 271.696 129.545
202109 126.875 274.310 152.731
202112 119.533 278.802 141.575
202203 105.100 287.504 120.713
202206 21.629 296.311 24.104
202209 26.389 296.808 29.359
202212 39.848 296.797 44.334
202303 31.423 301.836 34.377
202306 55.678 305.109 60.259
202309 49.075 307.789 52.650
202312 24.753 306.746 26.647
202403 66.545 312.332 70.355
202406 54.614 314.175 57.402
202409 73.976 315.301 77.475
202412 73.318 315.605 76.712
202503 74.859 319.799 77.297
202506 76.078 322.561 77.883
202509 62.951 324.800 64.000
202512 85.898 324.054 87.531
202603 68.865 330.213 68.865

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 10.23 mean?
Blackstone (MEX:BX) has a Cyclically Adjusted PS Ratio of 10.23 as of Jul. 19, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Blackstone and its competitors. This is 20% above median its historical median of 8.55. Over the past decade, Blackstone's Cyclically Adjusted PS Ratio has ranged from 1.69 to 18.48. According to the industry distribution chart, Blackstone ranks #565 out of 904 companies in the Asset Management industry, placing it in the top 62.5%.
Is Blackstone's Cyclically Adjusted PS Ratio too high?
Blackstone's current Cyclically Adjusted PS Ratio of 10.23 is 20% above median its 10-year median of 8.55. Over the past 10 years, this metric has ranged from a low of 1.69 to a high of 18.48. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.63. Blackstone's value of 10.23 is 34.1% above this industry median. Based on the distribution chart, Blackstone ranks #565 out of 904 companies in the Asset Management industry, which is below the industry midpoint. 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 PS Ratio compare to BLK and KKR?
According to the Asset Management industry distribution chart, Blackstone ranks #565 out of 904 companies for Cyclically Adjusted PS Ratio. This places Blackstone in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.63. Blackstone's value of 10.23 is 34.1% above this benchmark. Historically, Blackstone's own Cyclically Adjusted PS Ratio has ranged from 1.69 to 18.48 over the past decade. While the company's 10-year median is 8.55 vs. the industry median of 7.63, Blackstone has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.63, based on 904 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackstone's current Cyclically Adjusted PS Ratio of 10.23 is 34.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Blackstone and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.63 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone's current Cyclically Adjusted PS Ratio is 10.23, which is 20% above median its own 10-year median of 8.55. 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 PS Ratio is 10.23, which is 20% above median its 10-year median of 8.55 and 34.1% above the Asset Management industry median of 7.63. 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Blackstone (MEX:BX), the current Cyclically Adjusted PS Ratio is 10.23 as of Jul. 19, 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 PS Ratio: 10.23 (20% above median its 10-year median of 8.55)
  • GF Value™: MXN3,554.47 vs. price of MXN2,234.30 (37.1% below fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 34.1% above the Asset Management median (#565 of 904)

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 PS Ratio 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