Is Blackstone, Inc. overvalued or undervalued?

As of 17 April 2025, the valuation grade for Blackstone, Inc. has moved from expensive to very expensive. This indicates that the company is overvalued. The current P/E ratio stands at 66, significantly higher than the industry average, while the EV to EBITDA ratio is 25.51, also above typical industry levels. Additionally, the PEG ratio is at 3.71, suggesting that the stock may not be justified by its growth prospects.
In comparison to peers, Blackstone's P/E ratio of 63.83 is markedly higher than BlackRock, Inc. at 23.40 and KKR & Co., Inc. at 48.83, both of which are also considered expensive. With a current price of 138.32, Blackstone has underperformed the S&P 500 year-to-date, with a return of -19.78% compared to the S&P 500's 2.44%. Overall, these metrics reinforce the conclusion that Blackstone, Inc. is overvalued in the current market environment.