Brookfield Corp (BN) is overvalued and Blackstone Inc (BX) is overvalued.
Both trade above our estimate of their intrinsic value. BX is the closer of the two: -41%, against -123% for BN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 6.5% (average of 2 methods) values the shares at $16.94; the price of $37.85 is 123% above that value, and 85% of that value comes from beyond year five.
Leak Score 0/100 on 3 of 12 signals
Discounting its cash flows at 11.5% (average of 3 methods) values the shares at $87.98; the price of $124.01 is 41% above that value, and 68% of that value comes from beyond year five.
Leak Score 57/100 on 8 of 12 signals
| Metric | BN | BX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $37.85 | $124.01 |
| Intrinsic value | $16.94 | $87.98 |
| Margin of safety | -123% | -41% |
| Leak Score | 0/100 (3/12) | 57/100 (8/12) |
| Market cap | $84.5B | $154.0B |
| Revenue growth, 5 years | 4.0% | 16.1% |
| Operating margin | 24.9% | 53.9% |
| Net margin | 1.6% | 22.1% |
| Return on equity | 3.1% | 40.5% |
| Debt to equity | 5.77 | 1.56 |
| P/E | 70.5x | 27.8x |
| Forward P/E | 11.2x | 16.6x |
| P/B | 2.0x | 17.1x |
| Dividend yield | 0.8% | 4.2% |