Blackstone (BX) Stock Could Be 18% Overvalued On Fresh AI Data Center News

Simply Wall St.08-10

Blackstone stock has delivered a strong 53.9% gain over the past three years. However, both the intrinsic value estimate from the Excess Returns model and the market multiple checks currently point to...

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However, both the intrinsic value estimate from the Excess Returns model and the market multiple checks currently point to...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nyse-bx/blackstone/news/blackstone-bx-stock-could-be-18-overvalued-on-fresh-ai-data\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Blackstone (BX) Stock Could Be 18% Overvalued On Fresh AI Data Center News</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBlackstone (BX) Stock Could Be 18% Overvalued On Fresh AI Data Center News\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-10 16:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/diversified-financials/nyse-bx/blackstone/news/blackstone-bx-stock-could-be-18-overvalued-on-fresh-ai-data><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Blackstone stock has delivered a strong 53.9% gain over the past three years. However, both the intrinsic value estimate from the Excess Returns model and the market multiple checks currently point to...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nyse-bx/blackstone/news/blackstone-bx-stock-could-be-18-overvalued-on-fresh-ai-data\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BLSP4452.SGD","symbol_name":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","start_time":0,"source_url":"https://simplywall.st/stocks/us/diversified-financials/nyse-bx/blackstone/news/blackstone-bx-stock-could-be-18-overvalued-on-fresh-ai-data","article_id":"2658848349","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/671980-main-header/1756256042976"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/diversified-financials/nyse-bx/blackstone/news/blackstone-bx-stock-could-be-18-overvalued-on-fresh-ai-data","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2658848349","pubTimestamp":1786349872,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Blackstone stock has delivered a strong 53.9% gain over the past three years. However, both the intrinsic value estimate from the Excess Returns model and the market multiple checks currently point to the shares trading at a premium rather than as a clear bargain.\n\nOver the last three years Blackstone has returned 53.9%, which puts recent share price weakness over the past year into the context of a longer run of strong gains.\nNew capital commitments and deals such as AI infrastructure...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","BK4135":"资产管理与托管银行","GPZ":"VanEck Alternative Asset Manager ETF","VGFPF":"Vanguard Funds PLC","DTCR":"Global X Data Center & Digital Infrastructure ETF","PSP":"全球私募股权ETFETF-PowerShares","AIPO":"Defiance AI and Power Infrastructure ETF","IE00B64PRP62.GBP":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (GBP) ACC","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","IE00B3QW5Z07.USD":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (USD) ACC","VOTE":"TCW Transform 500 ETF","PRVT":"Tema Listed Private Managers ETF","RGLO":"Global Equity Active ETF","AGIX":"通用人工智能 ETF-AGIX","IE00BGHQF748.EUR":"GUINNESS GLOBAL MONEY MANAGERS \"C\" (EUR) ACC","AAUM":"Tema Alternative Asset Managers ETF","GXDW":"Global X Dorsey Wright Thematic ETF","JOYT":"JPMorgan Equity and Options Total Return ETF","BK6051":"信息科技咨询与其它服务","DECU":"AllianzIM U.S. Equity Buffer15 Uncapped Dec ETF","QTOC":"Innovator Growth Accelerated Plus ETF - October","ARTY":"ISHARES FUTURE AI & TECH ETF","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","BX":"黑石","FEBU":"AllianzIM U.S. Equity Buffer15 Uncapped Feb ETF","BK4585":"ETF&股票定投概念","BLOK":"Amplify Transformational Data Sharing ETF","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","CHAT":"ROUNDHILL GENERATIVE AI & TECHNOLOGY ETF","IE00BLSP4239.USD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis USD Plus","BK4588":"碎股","PMDE":"PGIM S&P 500 Max Buffer ETF - December","VTHR":"Vanguard Russell 3000 ETF","LYY.SI":"中云集团"},"translate_title":"最新的人工智能数据中心消息可能导致黑石 (BX) 股票被高估 18%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LYY.SI":1.5,"PRVT":0.6,"RGLO":0.65,"ARTY":1.5,"AGIX":1.5,"VGFPF":0.65,"JOYT":0.65,"PSP":0.6,"DECU":0.65,"BX":1.5,"AIPO":1.5,"AAUM":0.6,"FEBU":0.65,"VTHR":1.5,"DTCR":1.5,"CHAT":1.5,"BLOK":1.5,"QTOC":1.5,"GXDW":0.65,"GPZ":0.6,"VOTE":0.65,"PMDE":0.65},"content_text":"Blackstone stock has delivered a strong 53.9% gain over the past three years. However, both the intrinsic value estimate from the Excess Returns model and the market multiple checks currently point to the shares trading at a premium rather than as a clear bargain.  Over the last three years Blackstone has returned 53.9%, which puts recent share price weakness over the past year into the context of a longer run of strong gains. New capital commitments and deals such as AI infrastructure exposure through Firmus and credit and energy transition investments can support longer term fee and earnings potential. At the same time, execution and regulatory risk around transactions and private credit conditions may weigh on how much investors are willing to pay for that growth. With a valuation score of 2 out of 6, Blackstone screens as leaning expensive rather than as an across the board value opportunity on the broader checks.  For investors, the debate is whether the premium to the intrinsic value estimate is justified by Blackstone's growth opportunities and deal pipeline or leaves limited room for disappointment. Find out why Blackstone's -16.1% return over the last year is lagging behind its peers. AdvertisementHas Blackstone Run Too Far on Excess Returns? The Excess Returns model estimates Blackstone's worth by comparing what it earns on shareholder equity to the return investors require, then projecting that gap forward. For Blackstone, the inputs are robust. Book value is $11.27 per share and stable EPS is $5.39 per share, based on forward return on equity estimates from 7 analysts. With an average return on equity of 44.94% and a cost of equity of $0.95 per share, the model calculates an excess return of $4.44 per share on a stable book value of $12.00 per share. On these assumptions, the Excess Returns model points to an intrinsic value of $116 per share, which sits below the current share price and implies the stock is about 17.9% overvalued. The recent funding of AI data center group Firmus, where Blackstone vehicles are investors, helps explain why the market is willing to pay a premium for future optionality beyond what the model credits today. Overall, Blackstone screens as overvalued on the Excess Returns framework, with the share price sitting ahead of the model’s intrinsic value estimate. Our Excess Returns analysis suggests Blackstone may be overvalued by 17.9%. Discover 52 high quality undervalued stocks or create your own screener to find better value opportunities. BX Discounted Cash Flow as at Aug 2026 Head to the Valuation section of our Company Report for more details on how we arrive at this Fair Value for Blackstone. Has Blackstone Run Too Far on Earnings? The P/E multiple suits Blackstone because earnings are a key driver of how investors judge its fee based and performance fee streams. On this lens, Blackstone trades on about 31.2x earnings, slightly below the Capital Markets industry average of 37.9x and just under the peer group at 32.2x. That leaves it priced at a premium to many traditional financials, but closer to specialist alternative asset managers. The fair P/E ratio, which adjusts for Blackstone's size, profitability profile and risk, sits lower at about 27.1x. That creates a gap of roughly 4x turns between where the shares trade and where this model suggests they could sit if investors demanded a bit more compensation for risk. Recent headlines around AI data center exposure and energy transition deals help explain why the market is comfortable paying that richer multiple for Blackstone today. On the P/E checks, Blackstone screens as overvalued because its current earnings multiple sits above the level implied by the tailored fair ratio. NYSE:BX P/E Ratio as at Aug 2026 See what the numbers say about this price — find out in our valuation breakdown. The Blackstone Narrative: What Would Justify Today's Price? Simply Wall St Narratives for Blackstone pick up where the valuation gap above leaves off and spell out which paths for Blackstone's growth, margins and earnings would need to play out for the stock to be worth materially more or less than today's price. Each one links its number to a clear view about where growth, profitability and key risks could head next, which you can come back to as new information appears.\nCommunity views on Blackstone sit far apart, with some investors focused on capital inflows and others more concerned about execution risk around new areas like AI infrastructure. Bull case: roughly fairly valued \"Blackstone has raised $62 billion of inflows in Q1 2025, marking the highest level in three years, which boosts assets under management (AUM) and gives the company a strong foundation for future revenue growth…\" Read the full Bull Case to see why Blackstone could be undervalued Bear case: 15% overvalued \"Blackstone's move into rapidly evolving and capital-intensive sectors, such as digital infrastructure and data centers, poses a risk of underperformance if technological advances shift quickly, resulting in less predictable future revenues and profitability…\" Read the full Bear Case to see why Blackstone could be overvalued Do you think there's more to the story for Blackstone? Head over to our Community to see what others are saying! The Bottom Line Blackstone screens as overvalued on both the Excess Returns intrinsic value estimate and the tailored earnings multiple, so the market already prices in a lot of optimism around its deal pipeline and fee potential. With the broader valuation checks leaning weak, the key question is whether Blackstone can keep justifying that premium as conditions evolve in areas like private credit and AI infrastructure. The crux of the bull versus bear debate is how reliably those newer growth areas translate into durable earnings that support today’s rich valuation.  This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.Valuation is complex, but we're here to simplify it.Discover if Blackstone might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. 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