Question 1

What is Blackstone's P/S ratio?

Accepted Answer

Blackstone (BX) P/S ratio is 6.0× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Blackstone?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Blackstone specifically, the relevant sector benchmark is the current sector median of 2.2×.

Question 5

Is Blackstone's P/S ratio high or low?

Accepted Answer

Blackstone's P/S ratio of 6.0× is below its own 5-year average of 13.6× and above the sector median of 2.2×. That places the current reading at the 21th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Blackstone's historical P/S ratio range?

Accepted Answer

In the available daily series, Blackstone (BX) P/S ratio has ranged from a low of 0.5× in 2007 to a high of 20.0× in 2023. The 5-year average is 13.6× and the 5-year median is 14.6×.

Question 7

What was Blackstone's P/S ratio in 2025?

Accepted Answer

Blackstone (BX) P/S ratio at the end of 2025 was 13.3×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

Why does Blackstone's P/S ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$184.58B	$13.83B	13.3×	-4.5×	Dec 31, 2025
2024	$203.23B	$11.37B	17.9×	-2.2×	Dec 31, 2024
2023	$149.12B	$7.44B	20.0×	+8.7×	Dec 31, 2023
2022	$84.50B	$7.45B	11.3×	+2.8×	Dec 31, 2022
2021	$144.13B	$16.85B	8.6×	-4.3×	Dec 31, 2021
2020	$69.58B	$5.40B	12.9×	+3.8×	Dec 31, 2020
2019	$58.01B	$6.37B	9.1×	+3.9×	Dec 31, 2019
2018	$30.83B	$5.96B	5.2×	-0.0×	Dec 31, 2018
2017	$32.84B	$6.33B	5.2×	+0.1×	Dec 31, 2017
2016	$27.15B	$5.31B	5.1×	-0.8×	Dec 31, 2016
2015	$28.75B	$4.85B	5.9×	+1.9×	Dec 31, 2015
2014	$31.31B	$7.84B	4.0×	-0.0×	Dec 31, 2014
2013	$28.06B	$6.99B	4.0×	+0.9×	Dec 31, 2013
2012	$12.99B	$4.19B	3.1×	-0.5×	Dec 31, 2012
2011	$10.34B	$2.87B	3.6×	+2.2×	Dec 31, 2011
2010	$8.30B	$5.78B	1.4×	-4.3×	Dec 31, 2010
2009	$6.28B	$1.10B	5.7×	—	Dec 31, 2009
2008	$2.69B	−$1.24B	—	—	Dec 31, 2008
2007	$8.65B	$6.20B	1.4×	+0.5×	Dec 31, 2007
2006	$9.70B	$10.92B	0.9×	-0.8×	Dec 31, 2006
2005	$9.70B	$5.64B	1.7×	—	Dec 31, 2005


Brookfield (BN)	1.3×
The Hartford (HIG)	1.3×
Chesapeake Financial Shares (CPKF)	1.3×
American Financial Group (AFG)	1.3×
Progressive (PGR)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
Travelers Companies (TRV)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
Synchrony Financial (SYF)	1.2×
Citigroup (C)	1.2×
AXIS Capital Holdings (AXS)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
Old Republic International (ORI)	1.0×
Everest Re Group (RE)	0.9×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Ally Financial (ALLY)	0.8×
Everest Re Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×

P/S Ratio for Blackstone (BX)

P/S Ratio daily chart for Blackstone (BX)

Historical P/S Ratio for Blackstone (BX) from 2005 to 2025

About P/S Ratio at Blackstone (BX)

Blackstone P/S Ratio by Year

Blackstone P/S Ratio 2025: 13.3×

Blackstone P/S Ratio 2024: 17.9×

Blackstone P/S Ratio 2023: 20.0×

Blackstone P/S Ratio 2022: 11.3×

Blackstone P/S Ratio 2021: 8.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Blackstone (BX) Key Financials

P/S Ratio daily chart for Blackstone (BX)

Historical P/S Ratio for Blackstone (BX) from 2005 to 2025

About P/S Ratio at Blackstone (BX)

Blackstone P/S Ratio by Year

Blackstone P/S Ratio 2025: 13.3×

Blackstone P/S Ratio 2024: 17.9×

Blackstone P/S Ratio 2023: 20.0×

Blackstone P/S Ratio 2022: 11.3×

Blackstone P/S Ratio 2021: 8.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

+What is Blackstone's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Blackstone?

+Is Blackstone's P/S ratio high or low?

+What is Blackstone's historical P/S ratio range?

+What was Blackstone's P/S ratio in 2025?

+Why does Blackstone's P/S ratio change over time?

Blackstone (BX) Key Financials