Blackstone price to book ratio BX
Market value divided by the book value of the company's net assets, since 2010.
- Today, Oct 23, 2026
- 9.8×
- 10-year median
- 7.8×
- Against its 10-year history
- 66th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 2.2× to 20.5×
- Peer median
- 2.5×
Blackstone's price to book ratio is 9.8× as of Oct 23, 2026.
That is above its ten-year median of 7.8×, higher than on 66% of days in the last ten years.
Over that time it ranged from 2.2× in Nov 2016 to 20.5× in Nov 2024.
The median for 10 asset managers of a similar size is 2.5×.
Price to book ratio over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 9.8× | 8.9× | 14.4× |
| 2025 | 13.7× | 11.1× | 19.2× |
| 2024 | 17.9× | 11.9× | 20.5× |
| 2023 | 13.0× | 7.3× | 13.0× |
| 2022 | 6.9× | 6.5× | 10.1× |
| 2021 | 9.8× | 6.8× | 11.3× |
| 2020 | 7.1× | 3.6× | 7.3× |
| 2019 | 5.5× | 2.9× | 5.6× |
| 2018 | 2.9× | 2.7× | 3.7× |
| 2017 | 3.1× | 2.6× | 3.3× |
| 2016 | 2.5× | 2.1× | 2.7× |
| 2015 | 2.5× | 1.2× | 3.2× |
| 2014 | 1.2× | 1.1× | 1.5× |
| 2013 | 1.4× | 0.7× | 1.4× |
| 2012 | 0.7× | 0.5× | 0.7× |
| 2011 | 0.6× | 0.5× | 0.8× |
| 2010 | 0.5× | 0.4× | 0.5× |
Against its peers
Companies in Asset Management nearest Blackstone's size, closest first, today.
| Company | Price to book ratio |
|---|---|
| BXBlackstone | 9.8× |
| KKRKKR | 2.6× |
| APOApollo Global Management | 3.2× |
| STTState Street | 1.6× |
| AMPAmeriprise Financial | 6.8× |
| BLKBlackRock | 3.2× |
| ARESAres Management | 10.2× |
| NTRSNorthern Trust | 2.3× |
| RJFRaymond James Financial | 2.4× |
| PFGPrincipal Financial | 1.9× |
| TROWT. Rowe Price | 2.0× |
| Peer median | 2.5× |
What the price to book ratio tells you
Market value divided by the accounting value of the company's net assets. Below 1 means the market values the business at less than what it owns on paper.
Book value misses brands, software and people, so asset-light companies always look expensive on it. Most useful for banks and industrials.
More on Blackstone
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.