Superworth

Blackstone price to free cash flow BX

Market value divided by free cash flow over the last twelve months, since 2011.

Today, Oct 23, 2026
16.1×
10-year median
19.5×
Against its 10-year history
36th
percentile: 0 is its lowest day, 100 its highest
10-year range
8.4× to 42.2×
Peer median
13.3×

Blackstone's price to free cash flow is 16.1× as of Oct 23, 2026.

That is below its ten-year median of 19.5×, close to the middle of its last ten years.

Over that time it ranged from 8.4× in Nov 2016 to 42.2× in Sep 2025.

The median for 10 asset managers of a similar size is 13.3×.

Price to free cash flow over time

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

YearEnd of yearLowHigh
2026 so far16.1×14.6×33.1×
202531.4×26.7×42.2×
202430.4×18.8×34.8×
202325.6×9.3×25.6×
202211.3×11.1×22.9×
202117.7×16.9×33.8×
202020.5×10.9×20.5×
201913.7×10.5×17.0×
2018n/m a value too high to mean anything
201710.7×10.2×10.9×
20169.3×6.4×16.4×
201518.1×6.0×20.3×
20146.1×3.7×6.1×
201314.7×10.4×14.7×
20129.6×4.7×271×
2011226×200×238×

Against its peers

Companies in Asset Management nearest Blackstone's size, closest first, today.

CompanyPrice to free cash flow
BXBlackstone16.1×
KKRKKRn/m
APOApollo Global Managementn/m
STTState Streetn/m
AMPAmeriprise Financialn/m
BLKBlackRockn/m
ARESAres Managementn/m
NTRSNorthern Trustn/m
RJFRaymond James Financialn/m
PFGPrincipal Financialn/m
TROWT. Rowe Price13.3×
Peer median13.3×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Blackstone

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.