The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. As of today, Blackstone Mortgage Trust's share price is $17.05.
Blackstone Mortgage Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 was $3.44. Hence, Blackstone Mortgage Trust's PS Ratio for today is 4.95.
Good Sign:
Blackstone Mortgage Trust Inc stock PS Ratio (=4.95) is close to 10-year low of 4.63.
The historical rank and industry rank for Blackstone Mortgage Trust's PS Ratio or its related term are showing as below:
BXMT'
s PS Ratio Range Over the Past 10 Years
Min: 4.63 Med: 8.42 Max: 12.33
Current: 4.95
During the past 13 years, Blackstone Mortgage Trust's highest PS Ratio was 12.33. The lowest was 4.63. And the median was 8.42.
BXMT's PS Ratio is ranked better than 67.47% of 913
companies
in the REITs industry
Industry Median: 6.68
vs BXMT: 4.95
Blackstone Mortgage Trust Inc revenue per share has been in decline over the past 3 years.
During the past 12 months, the average Revenue per Share Growth Rate of Blackstone Mortgage Trust was 24.80% per year.
During the past 3 years, the average Revenue per Share Growth Rate was -4.20% per year.
During the past 5 years, the average Revenue per Share Growth Rate was -0.50% per year.
During the past 10 years, the average Revenue per Share Growth Rate was -0.30% per year.
During the past 13 years, Blackstone Mortgage Trust's highest 3-Year average Revenue per Share Growth Rate was 72.30% per year. The lowest was -46.20% per year. And the median was -0.15% per year.
Back to Basics: PS Ratio
Blackstone Mortgage Trust (NYSE:BXMT) PS Ratio Explanation
The PS Ratio is an excellent valuation indicator if you want to compare a stock with its historical valuation or with the stocks in the same industry. The PS Ratio works especially well when you want to compare the stock's current valuation with its historical valuation. The PS Ratio is a great valuation tool for evaluating cyclical businesses where the PE Ratio works poorly. It works the best when comparing the current valuation with the historical valuation because over time, a company's profit margin tends to revert to the mean.
When the PS Ratio is applied to the whole stock market, it can be used to evaluate the current market valuation and projected returns. In this case, the price is the total market cap of all stocks that are traded, and sales are the GDP of the country. This is how Warren Buffett estimates the broad market valuation and project future returns.
The PS Ratio does not tell you how cheap or expensive the stock is. It cannot be used to compare companies in different industries. It works better for companies within the same industry because these companies tend to have similar capital structures and profit margins. It works the best when comparing a company with itself in the past.
Blackstone Mortgage Trust PS Ratio Related Terms
Blackstone Mortgage Trust PS Ratio Historical Data
* 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.
For the REIT - Mortgage subindustry, Blackstone Mortgage Trust's PS Ratio, along with its competitors' market caps and 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 PS Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Blackstone Mortgage Trust's PS Ratio distribution charts can be found below:
* The bar in red indicates where Blackstone Mortgage Trust's PS Ratio falls into.
The PS Ratio, or Price-to-Sales ratio, or Price/Sales, is a financial ratio used to compare a company's market price to its Revenue per Share. It is a ratio widely used to value stocks and it was first used by Ken Fisher.
Blackstone Mortgage Trust's Share Price of today is $17.05. Blackstone Mortgage Trust's Revenue per Share for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $3.44.
* 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.
It can also be calculated from the numbers for the whole company:
Blackstone Mortgage Trust (BXMT) has a PS Ratio of 4.95 as of Jul. 12, 2026. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Blackstone Mortgage Trust and its competitors. This is 41% below median its historical median of 8.42. Over the past decade, Blackstone Mortgage Trust's PS Ratio has ranged from 4.63 to 12.33. According to the industry distribution chart, Blackstone Mortgage Trust ranks #297 out of 913 companies in the REITs industry, placing it in the top 32.5%.
Is Blackstone Mortgage Trust's PS Ratio too high?
Blackstone Mortgage Trust's current PS Ratio of 4.95 is 41% below median its 10-year median of 8.42. Over the past 10 years, this metric has ranged from a low of 4.63 to a high of 12.33. The REITs industry median PS Ratio is 6.68. Blackstone Mortgage Trust's value of 4.95 is 25.9% below this industry median. Based on the distribution chart, Blackstone Mortgage Trust ranks #297 out of 913 companies in the REITs industry, which is above the industry midpoint. Overall, Blackstone Mortgage Trust has a GF Score™ of 60/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Blackstone Mortgage Trust's PS Ratio compare to DX and ARR?
According to the REITs industry distribution chart, Blackstone Mortgage Trust ranks #297 out of 913 companies for PS Ratio. This puts Blackstone Mortgage Trust in the upper half of its industry. The industry median PS Ratio is 6.68. Blackstone Mortgage Trust's value of 4.95 is 25.9% below this benchmark. Historically, Blackstone Mortgage Trust's own PS Ratio has ranged from 4.63 to 12.33 over the past decade. While the company's 10-year median is 8.42 vs. the industry median of 6.68, 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 PS Ratio for a REITs company?
The median PS Ratio among REITs companies is 6.68, based on 913 companies in the industry. Companies in the top quartile (top 25%) have a PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Blackstone Mortgage Trust's current PS Ratio of 4.95 is 25.9% 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 PS Ratio mean?
A high PS Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Sales ratio is the ratio of share price to a company's revenue per share. View historical data on Blackstone Mortgage Trust and its competitors. For the REITs industry, the median PS Ratio is 6.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Blackstone Mortgage Trust's current PS Ratio is 4.95, which is 41% below median its own 10-year median of 8.42. 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 (BXMT) is currently considered Fairly Valued. The stock's GF Value™ is $18.11, compared to a current price of $17.05 — trading 5.9% below its estimated fair value. The current PS Ratio is 4.95, which is 41% below median its 10-year median of 8.42 and 25.9% below the REITs industry median of 6.68. Blackstone Mortgage Trust's overall GF Score™ is 60/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PS Ratio calculated?
PS Ratio is calculated from a company's financial statements. For Blackstone Mortgage Trust (BXMT), the current PS Ratio is 4.95 as of Jul. 12, 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 (BXMT) Overvalued in 2026?
Based on GuruFocus' analysis, Blackstone Mortgage Trust stock appears to be undervalued.
The current stock price of $17.05 is trading 5.9% below its estimated GF Value™ of $18.11.
GuruFocus considers Blackstone Mortgage Trust to be Fairly Valued.
Key valuation signals for BXMT:
PS Ratio: 4.95 (41% below median its 10-year median of 8.42)
GF Value™: $18.11 vs. price of $17.05 (5.9% below fair value)
Industry Position: 25.9% below the REITs median (#297 of 913)
No single metric tells the full story. See the BXMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
60GF Score
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