Blackstone (LTS:0HO8) Scaled Net Operating Assets: 0.70 (As of Mar. 2026)


LTS:0HO8 Blackstone Inc LTS:0HO8
74 GF Score
Price €101.70
GF Value €174.40
Valuation Significantly Undervalued
! 5 Warning Signs
View Full Analysis

What is Blackstone Scaled Net Operating Assets?

Blackstone LTS:0HO8 +1.55% 74 Scaled Net Operating Assets is 0.70 as of Mar. 2026. GuruFocus rates LTS:0HO8 with a GF Score™ of 74/100 and a GF Value™ of €174.40 (Significantly Undervalued). The stock has 5 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Blackstone's operating assets for the quarter that ended in Mar. 2026 was €39,685 Mil. Blackstone's operating liabilities for the quarter that ended in Mar. 2026 was €11,027 Mil. Blackstone's Total Assets for the quarter that ended in Dec. 2025 was €40,743 Mil. Therefore, Blackstone's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.70.

LTS:0HO8
74GF Score
Blackstone Inc LTS:0HO8
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Blackstone Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Blackstone's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(38496.385-10693.479)/41513.731
=0.67

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=40743.465 - 2247.08
=38496.385

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=22056.944 - 11363.465 - 0
=10693.479

Blackstone's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(39684.899-11027.383)/40743.465
=0.70

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=41802.839 - 2117.94
=39684.899

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=23277.384 - 12250.001 - 0
=11027.383

* 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.

What does a Scaled Net Operating Assets of 0.70 mean?
Blackstone (LTS:0HO8) has a Scaled Net Operating Assets of 0.70 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blackstone and its competitors.
Is Blackstone's Scaled Net Operating Assets too high?
Blackstone's current Scaled Net Operating Assets is 0.70. Overall, Blackstone has a GF Score™ of 74/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Blackstone's Scaled Net Operating Assets compare to BLK and KKR?
Blackstone's Scaled Net Operating Assets of 0.70 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 Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets 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 Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Blackstone and its competitors. Blackstone's current Scaled Net Operating Assets is 0.70. 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 (LTS:0HO8) is currently considered Significantly Undervalued. The stock's GF Value™ is €174.40, compared to a current price of €101.70 — trading 41.7% below its estimated fair value. The current Scaled Net Operating Assets is 0.70. Blackstone's overall GF Score™ is 74/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Blackstone (LTS:0HO8), the current Scaled Net Operating Assets is 0.70 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 (LTS:0HO8) Overvalued in 2026?

Based on GuruFocus' analysis, Blackstone stock appears to be undervalued. The current stock price of €101.70 is trading 41.7% below its estimated GF Value™ of €174.40. GuruFocus considers Blackstone to be Significantly Undervalued.

Key valuation signals for LTS:0HO8:

  • Scaled Net Operating Assets: 0.70
  • GF Value™: €174.40 vs. price of €101.70 (41.7% below fair value)
  • GF Score™: 74/100 with 5 warning signs

No single metric tells the full story. See the LTS:0HO8 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).
74GF Score

Get the complete analysis for LTS:0HO8

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

€101.70
Price
€174.40
GF Value