Blackstone Mortgage Trust (FRA:079A) Cyclically Adjusted Revenue per Share: €3.41 (As of Mar. 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.
Reviewed by: Charlie Tian Charlie Tian
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.

FRA:079A Blackstone Mortgage Trust Inc FRA:079A
61 GF Score
Price €14.43
GF Value €15.34
Valuation Fairly Valued
! 4 Warning Signs
View Full Analysis

What is Blackstone Mortgage Trust Cyclically Adjusted Revenue per Share?

Blackstone Mortgage Trust FRA:079A -0.82% 61 Cyclically Adjusted Revenue per Share is €3.41 as of Mar. 2026. GuruFocus rates FRA:079A with a GF Score™ of 61/100 and a GF Value™ of €15.34 (Fairly Valued). The stock has 4 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 Revenue per Share and 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 for the three months ended in Mar. 2026 was €0.815. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is €3.41 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Blackstone Mortgage Trust's average Cyclically Adjusted Revenue Growth Rate was 0.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 2.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.60% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was -7.50% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Blackstone Mortgage Trust was 145.30% per year. The lowest was -73.20% per year. And the median was -11.60% per year.

As of today (2026-07-24), Blackstone Mortgage Trust's current stock price is €14.43. Blackstone Mortgage Trust's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €3.41. Blackstone Mortgage Trust's Cyclically Adjusted PS Ratio of today is 4.23.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Blackstone Mortgage Trust was 161.08. The lowest was 2.10. And the median was 5.05.


Blackstone Mortgage Trust  (FRA:079A) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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 Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.43/3.41
=4.23

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Blackstone Mortgage Trust was 161.08. The lowest was 2.10. And the median was 5.05.


Be Aware

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


Blackstone Mortgage Trust Cyclically Adjusted Revenue per Share Related Terms


Blackstone Mortgage Trust Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Blackstone Mortgage Trust's Cyclically Adjusted Revenue 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 Mortgage Trust Cyclically Adjusted Revenue per Share Chart

Blackstone Mortgage Trust Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 5.16 3.47 3.63 3.88 3.42

Blackstone Mortgage Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue 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 3.52 3.39 3.33 3.42 3.41

FRA:079A vs DX, ARR, EFC: Cyclically Adjusted Revenue per Share 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.


FRA:079A
61GF Score
Blackstone Mortgage Trust Inc FRA:079A
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackstone Mortgage Trust Cyclically Adjusted Revenue 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 Revenue per Share and 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.

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

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue 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 Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

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

For example, Blackstone Mortgage Trust'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)
=0.815/330.2130*330.2130
=0.815

Current CPI (Mar. 2026) = 330.2130.

Blackstone Mortgage Trust Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.870 241.018 1.192
201609 0.811 241.428 1.109
201612 0.721 241.432 0.986
201703 0.707 243.801 0.958
201706 0.679 244.955 0.915
201709 0.694 246.819 0.928
201712 0.685 246.524 0.918
201803 0.639 249.554 0.846
201806 0.814 251.989 1.067
201809 0.775 252.439 1.014
201812 0.738 251.233 0.970
201903 0.755 254.202 0.981
201906 0.745 256.143 0.960
201909 0.688 256.759 0.885
201912 0.732 256.974 0.941
202003 0.672 258.115 0.860
202006 0.688 257.797 0.881
202009 0.666 260.280 0.845
202012 0.613 260.474 0.777
202103 0.622 264.877 0.775
202106 0.642 271.696 0.780
202109 0.669 274.310 0.805
202112 0.949 278.802 1.124
202203 0.691 287.504 0.794
202206 0.752 296.311 0.838
202209 0.851 296.808 0.947
202212 1.051 296.797 1.169
202303 0.899 301.836 0.984
202306 0.905 305.109 0.979
202309 0.898 307.789 0.963
202312 0.816 306.746 0.878
202403 0.753 312.332 0.796
202406 0.677 314.175 0.712
202409 0.569 315.301 0.596
202412 0.630 315.605 0.659
202503 0.683 319.799 0.705
202506 0.675 322.561 0.691
202509 0.658 324.800 0.669
202512 0.809 324.054 0.824
202603 0.815 330.213 0.815

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

What does a Cyclically Adjusted Revenue per Share of €3.41 mean?
Blackstone Mortgage Trust (FRA:079A) has a Cyclically Adjusted Revenue per Share of €3.41 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Blackstone Mortgage Trust and its competitors.
Is Blackstone Mortgage Trust's Cyclically Adjusted Revenue per Share too high?
Blackstone Mortgage Trust's current Cyclically Adjusted Revenue per Share is €3.41. Overall, Blackstone Mortgage Trust has a GF Score™ of 61/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Mortgage Trust's Cyclically Adjusted Revenue per Share compare to DX and ARR?
Blackstone Mortgage Trust's Cyclically Adjusted Revenue per Share of €3.41 can be compared against companies in the REITs 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 Revenue per Share for a REITs company?
A good Cyclically Adjusted Revenue per Share depends on the REITs industry context. However, Cyclically Adjusted Revenue 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 Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Blackstone Mortgage Trust and its competitors. Blackstone Mortgage Trust's current Cyclically Adjusted Revenue per Share is €3.41. 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 (FRA:079A) is currently considered Fairly Valued. The stock's GF Value™ is €15.34, compared to a current price of €14.43 — trading 5.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is €3.41. Blackstone Mortgage Trust's overall GF Score™ is 61/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Blackstone Mortgage Trust (FRA:079A), the current Cyclically Adjusted Revenue per Share is €3.41 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 Mortgage Trust (FRA:079A) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone Mortgage Trust stock appears to be undervalued. The current stock price of €14.43 is trading 5.9% below its estimated GF Value™ of €15.34. GuruFocus considers Blackstone Mortgage Trust to be Fairly Valued.

Key valuation signals for FRA:079A:

  • Cyclically Adjusted Revenue per Share: €3.41
  • GF Value™: €15.34 vs. price of €14.43 (5.9% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the FRA: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:USA079A:Germany
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.
61GF Score

Get the complete analysis for FRA:079A

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

€14.43
Price
€15.34
GF Value