Is Blackstone, Inc. overvalued or undervalued?

As of 24 July 2025, the valuation grade for Blackstone, Inc. has moved from very expensive to expensive. The company is currently considered overvalued based on its high valuation ratios. The P/E ratio stands at 66, significantly above the industry average, while the Price to Book Value is 21.36 and the EV to EBITDA is 25.51, indicating a premium valuation compared to its peers.
In comparison to its peers, Blackstone's P/E ratio is notably higher than BlackRock, Inc. at 26.74 and KKR & Co., Inc. at 60.27. Additionally, Blackstone's PEG ratio of 3.71 suggests that its growth prospects may not justify its current price. Despite this overvaluation, Blackstone has outperformed the S&P 500 in various time frames, including a 1-year return of 21.78% compared to the S&P 500's 17.14%, reinforcing the valuation narrative.