Blackstone Mortgage Trust (STU:079A) Cyclically Adjusted PS Ratio: 3.61 (As of Aug. 02, 2026) — 29% Below Median

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STU:079A Blackstone Mortgage Trust Inc STU:079A
57 GF Score
Price €12.62
GF Value €17.16
Valuation Modestly Undervalued
! 4 Warning Signs
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What is Blackstone Mortgage Trust Cyclically Adjusted PS Ratio?

Blackstone Mortgage Trust STU:079A -2.85% 57 Cyclically Adjusted PS Ratio is 3.61 as of Aug. 02, 2026, which is 29% below its 10-year median of 5.05. GuruFocus rates STU:079A with a GF Score™ of 57/100 and a GF Value™ of €17.16 (Modestly Undervalued). The stock has 4 warning signs investors should review. Among 546 REITs companies, Blackstone Mortgage Trust ranks better than 68.86% on this metric.

As of today (2026-08-02), Blackstone Mortgage Trust's current share price is €12.62. Blackstone Mortgage Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €3.50. Blackstone Mortgage Trust's Cyclically Adjusted PS Ratio for today is 3.61.

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

STU:079A' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 2.1   Med: 5.05   Max: 161.08
Current: 3.64

During the past years, Blackstone Mortgage Trust's highest Cyclically Adjusted PS Ratio was 161.08. The lowest was 2.10. And the median was 5.05.

STU:079A's Cyclically Adjusted PS Ratio is ranked better than
68.86% of 546 companies
in the REITs industry
Industry Median: 5.865 vs STU:079A: 3.64

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 Mortgage Trust's adjusted revenue per share data for the three months ended in Jun. 2026 was €0.812. 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 €3.50 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone Mortgage Trust  (STU:079A) 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 Mortgage Trust Cyclically Adjusted PS Ratio Related Terms


Blackstone Mortgage Trust Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Blackstone Mortgage Trust'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 Mortgage Trust Cyclically Adjusted PS Ratio Chart

Blackstone Mortgage Trust 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 5.34 5.73 5.42 4.38 4.86

Blackstone Mortgage Trust Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 4.82 4.64 4.86 4.80 4.25

STU:079A vs DX, ARR, EFC: Cyclically Adjusted PS Ratio Comparison

For the REIT - Mortgage subindustry, Blackstone Mortgage Trust'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 Mortgage Trust Cyclically Adjusted PS Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


STU:079A
57GF Score
Blackstone Mortgage Trust Inc STU:079A
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=12.62/3.50
=3.61

* 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 Mortgage Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.812/333.9520*333.9520
=0.812

Current CPI (Jun. 2026) = 333.9520.

Blackstone Mortgage Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.811 241.428 1.122
201612 0.721 241.432 0.997
201703 0.707 243.801 0.968
201706 0.679 244.955 0.926
201709 0.694 246.819 0.939
201712 0.685 246.524 0.928
201803 0.639 249.554 0.855
201806 0.814 251.989 1.079
201809 0.775 252.439 1.025
201812 0.738 251.233 0.981
201903 0.755 254.202 0.992
201906 0.745 256.143 0.971
201909 0.688 256.759 0.895
201912 0.732 256.974 0.951
202003 0.672 258.115 0.869
202006 0.688 257.797 0.891
202009 0.666 260.280 0.855
202012 0.613 260.474 0.786
202103 0.622 264.877 0.784
202106 0.642 271.696 0.789
202109 0.669 274.310 0.814
202112 0.949 278.802 1.137
202203 0.691 287.504 0.803
202206 0.752 296.311 0.848
202209 0.851 296.808 0.957
202212 1.051 296.797 1.183
202303 0.899 301.836 0.995
202306 0.905 305.109 0.991
202309 0.898 307.789 0.974
202312 0.816 306.746 0.888
202403 0.753 312.332 0.805
202406 0.677 314.175 0.720
202409 0.569 315.301 0.603
202412 0.630 315.605 0.667
202503 0.683 319.799 0.713
202506 0.675 322.561 0.699
202509 0.658 324.800 0.677
202512 0.809 324.054 0.834
202603 0.815 330.213 0.824
202606 0.812 333.952 0.812

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 3.61 mean?
Blackstone Mortgage Trust (STU:079A) has a Cyclically Adjusted PS Ratio of 3.61 as of Aug. 02, 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 Mortgage Trust and its competitors. This is 29% below median its historical median of 5.05. Over the past decade, Blackstone Mortgage Trust's Cyclically Adjusted PS Ratio has ranged from 2.10 to 161.08. According to the industry distribution chart, Blackstone Mortgage Trust ranks #170 out of 546 companies in the REITs industry, placing it in the top 31.1%.
Is Blackstone Mortgage Trust's Cyclically Adjusted PS Ratio too high?
Blackstone Mortgage Trust's current Cyclically Adjusted PS Ratio of 3.61 is 29% below median its 10-year median of 5.05. Over the past 10 years, this metric has ranged from a low of 2.10 to a high of 161.08. The REITs industry median Cyclically Adjusted PS Ratio is 5.87. Blackstone Mortgage Trust's value of 3.61 is 38.4% below this industry median. Based on the distribution chart, Blackstone Mortgage Trust ranks #170 out of 546 companies in the REITs industry, which is above the industry midpoint. Overall, Blackstone Mortgage Trust has a GF Score™ of 57/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Mortgage Trust's Cyclically Adjusted PS Ratio compare to DX and ARR?
According to the REITs industry distribution chart, Blackstone Mortgage Trust ranks #170 out of 546 companies for Cyclically Adjusted PS Ratio. This puts Blackstone Mortgage Trust in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 5.87. Blackstone Mortgage Trust's value of 3.61 is 38.4% below this benchmark. Historically, Blackstone Mortgage Trust's own Cyclically Adjusted PS Ratio has ranged from 2.10 to 161.08 over the past decade. While the company's 10-year median is 5.05 vs. the industry median of 5.87, Blackstone Mortgage Trust has consistently been below 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 a REITs company?
The median Cyclically Adjusted PS Ratio among REITs companies is 5.87, based on 546 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 Mortgage Trust's current Cyclically Adjusted PS Ratio of 3.61 is 38.4% below 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 Mortgage Trust and its competitors. For the REITs industry, the median Cyclically Adjusted PS Ratio is 5.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Mortgage Trust's current Cyclically Adjusted PS Ratio is 3.61, which is 29% below median its own 10-year median of 5.05. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Blackstone Mortgage Trust stock overvalued right now?
Based on GuruFocus' analysis, Blackstone Mortgage Trust (STU:079A) is currently considered Modestly Undervalued. The stock's GF Value™ is €17.16, compared to a current price of €12.62 — trading 26.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 3.61, which is 29% below median its 10-year median of 5.05 and 38.4% below the REITs industry median of 5.87. Blackstone Mortgage Trust's overall GF Score™ is 57/100 with 4 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 Mortgage Trust (STU:079A), the current Cyclically Adjusted PS Ratio is 3.61 as of Aug. 02, 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 Mortgage Trust (STU:079A) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Mortgage Trust stock appears to be undervalued. The current stock price of €12.62 is trading 26.5% below its estimated GF Value™ of €17.16. GuruFocus considers Blackstone Mortgage Trust to be Modestly Undervalued.

Key valuation signals for STU:079A:

  • Cyclically Adjusted PS Ratio: 3.61 (29% below median its 10-year median of 5.05)
  • GF Value™: €17.16 vs. price of €12.62 (26.5% below fair value)
  • GF Score™: 57/100 with 4 warning signs
  • Industry Position: 38.4% below the REITs median (#170 of 546)

No single metric tells the full story. See the STU:079A stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Blackstone Mortgage Trust Business Description

Industry Real EstateREITs
Other Exchanges BXMT:USA
Address 345 Park Avenue, 24th Floor, New York, NY, USA, 10154
Blackstone Mortgage Trust Inc is an externally managed real estate finance company that originates, acquires, and manages senior loans and other debt or credit-oriented investments collateralized by or relating to commercial real estate in North America, Europe, and Australia. Its portfolio is composed of senior loans secured by high-quality, institutional assets located in main markets, and sponsored by experienced, well-capitalized real estate investment owners and operators. The group finances its investments in a variety of ways, including borrowing under secured credit facilities, issuing collateralized loan obligations, or CLOs, other securitization transactions, syndicating senior loans and/or participations, and other forms of asset-level financing.
57GF Score

Get the complete analysis for STU:079A

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

€12.62
Price
€17.16
GF Value