Blackstone (WBO:BLCK) Cyclically Adjusted PS Ratio: (As of Sep. 13, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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
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.

WBO:BLCK Blackstone Inc WBO:BLCK
71 GF Score
Price €111.70
GF Value €175.95
! 4 Warning Signs
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What is Blackstone Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Blackstone  (WBO:BLCK) 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
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 13.56 14.95 13.17 9.41 9.22

WBO:BLCK vs : 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.


WBO:BLCK
71GF Score
Blackstone Inc WBO:BLCK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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 Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Blackstone'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)
=4.544/333.9520*333.9520
=4.544

Current CPI (Jun. 2026) = 333.9520.

Blackstone Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.907 241.428 1.255
201612 0.986 241.432 1.364
201703 1.204 243.801 1.649
201706 0.965 244.955 1.316
201709 0.979 246.819 1.325
201712 1.936 246.524 2.623
201803 0.983 249.554 1.315
201806 2.862 251.989 3.793
201809 1.113 252.439 1.472
201812 0.353 251.233 0.469
201903 1.279 254.202 1.680
201906 1.714 256.143 2.235
201909 1.980 256.759 2.575
201912 2.198 256.974 2.856
202003 -2.846 258.115 -3.682
202006 1.573 257.797 2.038
202009 2.961 260.280 3.799
202012 3.254 260.474 4.172
202103 4.849 264.877 6.114
202106 4.444 271.696 5.462
202109 5.245 274.310 6.385
202112 5.157 278.802 6.177
202203 4.793 287.504 5.567
202206 1.017 296.311 1.146
202209 1.325 296.808 1.491
202212 1.929 296.797 2.170
202303 1.628 301.836 1.801
202306 2.998 305.109 3.281
202309 2.640 307.789 2.864
202312 1.337 306.746 1.456
202403 3.689 312.332 3.944
202406 2.769 314.175 2.943
202409 3.385 315.301 3.585
202412 3.357 315.605 3.552
202503 3.385 319.799 3.535
202506 3.503 322.561 3.627
202509 2.924 324.800 3.006
202512 4.074 324.054 4.198
202603 3.303 330.213 3.340
202606 4.544 333.952 4.544

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.

Is Blackstone (WBO:BLCK) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone stock appears to be undervalued. The current stock price of €111.70 is trading 36.5% below its estimated GF Value™ of €175.95.

Key valuation signals for WBO:BLCK:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €175.95 vs. price of €111.70 (36.5% below fair value)
  • GF Score™: 71/100 with 4 warning signs

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


Blackstone Business Description

Comparable Companies
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).
71GF Score

Get the complete analysis for WBO:BLCK

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

€111.70
Price
€175.95
GF Value