Blackstone (TSX:BX) E10: C$0.46 (As of Mar. 2026)


TSX:BX Blackstone Inc TSX:BX
55 GF Score
Price C$15.49
GF Value C$25.62
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Blackstone E10?

Blackstone TSX:BX -0.06% 55 E10 is C$0.46 as of Mar. 2026. GuruFocus rates TSX:BX with a GF Score™ of 55/100 and a GF Value™ of C$25.62 (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 P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

Blackstone's adjusted earnings per share data for the three months ended in Mar. 2026 was C$0.103. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$0.46 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Blackstone's average E10 Growth Rate was 14.40% per year. During the past 3 years, the average E10 Growth Rate was 4.70% per year. During the past 5 years, the average E10 Growth Rate was 12.50% per year. During the past 10 years, the average E10 Growth Rate was 23.80% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Blackstone was 178.10% per year. The lowest was -69.90% per year. And the median was 21.80% per year.

As of today (2026-07-06), Blackstone's current stock price is C$15.49. Blackstone's E10 for the quarter that ended in Mar. 2026 was C$0.46. Blackstone's Shiller PE Ratio of today is 33.67.

During the past 13 years, the highest Shiller PE Ratio of Blackstone was 459.75. The lowest was 16.00. And the median was 41.12.


Blackstone  (TSX:BX) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Blackstone's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=15.49/0.46
=33.67

* 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 Shiller P/E Ratio of Blackstone was 459.75. The lowest was 16.00. And the median was 41.12.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


Blackstone E10 Related Terms


Blackstone E10 Historical Data

* Premium members only.

The historical data trend for Blackstone's E10 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 E10 Chart

Blackstone Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.45

Blackstone Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 0.41 0.42 0.44 0.45 0.46

TSX:BX vs BLK, KKR, APO: E10 Comparison

For the Asset Management subindustry, Blackstone's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Asset Management Industry

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

* The bar in red indicates where Blackstone's Shiller PE Ratio falls into.


TSX:BX
55GF Score
Blackstone Inc TSX:BX
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackstone E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.103/330.2130*330.2130
=0.103

Current CPI (Mar. 2026) = 330.2130.

Blackstone Quarterly Data

per share eps CPI Adj_EPS
201606 0.035 241.018 0.048
201609 0.056 241.428 0.077
201612 0.067 241.432 0.092
201703 0.083 243.801 0.112
201706 0.060 244.955 0.081
201709 0.061 246.819 0.082
201712 0.052 246.524 0.070
201803 0.062 249.554 0.082
201806 0.130 251.989 0.170
201809 0.076 252.439 0.099
201812 -0.001 251.233 -0.001
201903 0.086 254.202 0.112
201906 0.054 256.143 0.070
201909 0.138 256.759 0.177
201912 0.085 256.974 0.109
202003 -0.200 258.115 -0.256
202006 0.100 257.797 0.128
202009 0.136 260.280 0.173
202012 0.124 260.474 0.157
202103 0.280 264.877 0.349
202106 0.202 271.696 0.246
202109 0.223 274.310 0.268
202112 0.223 278.802 0.264
202203 0.191 287.504 0.219
202206 -0.005 296.311 -0.006
202209 0.000 296.808 0.000
202212 0.092 296.797 0.102
202303 0.014 301.836 0.015
202306 0.095 305.109 0.103
202309 0.090 307.789 0.097
202312 0.024 306.746 0.026
202403 0.136 312.332 0.144
202406 0.072 314.175 0.076
202409 0.125 315.301 0.131
202412 0.119 315.605 0.125
202503 0.104 319.799 0.107
202506 0.122 322.561 0.125
202509 0.100 324.800 0.102
202512 0.163 324.054 0.166
202603 0.103 330.213 0.103

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of C$0.46 mean?
Blackstone (TSX:BX) has a E10 of C$0.46 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Blackstone and its competitors.
Is Blackstone's E10 too high?
Blackstone's current E10 is C$0.46. Overall, Blackstone has a GF Score™ of 55/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone's E10 compare to BLK and KKR?
Blackstone's E10 of C$0.46 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 E10 for an Asset Management company?
A good E10 depends on the Asset Management industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Blackstone and its competitors. Blackstone's current E10 is C$0.46. 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 (TSX:BX) is currently considered Significantly Undervalued. The stock's GF Value™ is C$25.62, compared to a current price of C$15.49 — trading 39.5% below its estimated fair value. The current E10 is C$0.46. Blackstone's overall GF Score™ is 55/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For Blackstone (TSX:BX), the current E10 is C$0.46 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 (TSX:BX) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone stock appears to be undervalued. The current stock price of C$15.49 is trading 39.5% below its estimated GF Value™ of C$25.62. GuruFocus considers Blackstone to be Significantly Undervalued.

Key valuation signals for TSX:BX:

  • E10: C$0.46
  • GF Value™: C$25.62 vs. price of C$15.49 (39.5% below fair value)
  • GF Score™: 55/100 with 5 warning signs

No single metric tells the full story. See the TSX: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).
55GF Score

Get the complete analysis for TSX:BX

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$15.49
Price
C$25.62
GF Value