Blackstone Mortgage Trust, Inc. (BXMT) P/E Ratio History
Historical price-to-earnings valuation from 1996 to 2026
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BXMT Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, Blackstone Mortgage Trust, Inc. (BXMT) trades at a price-to-earnings ratio of 30.1x, with a stock price of $19.29 and trailing twelve-month earnings per share of $0.61.
The current P/E is 45% below its 5-year average of 55.1x. Over the past five years, BXMT's P/E has ranged from a low of 9.3x to a high of 757.0x, placing the current valuation at the 90th percentile of its historical range.
Compared to the Real Estate sector median P/E of 24.3x, BXMT trades at a 24% premium to its sector peers. The sector includes 170 companies with P/E ratios ranging from 1.1x to 195.0x.
Relative to the broader market, BXMT trades roughly in line with the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our BXMT DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
BXMT P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $664M | 15.1 | - | -26% | |
| $7B | 15.0 | 14.82 | +9% | |
| $1B | 13.5Lowest | 0.09Best | +184%Best | |
| $1B | 20.2 | - | -41% | |
| $705M | 14.3 | - | -22% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
BXMT Historical P/E Data (1996–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $19.15 | $0.60 | 31.9x | +67% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $19.13 | $0.64 | 30.0x | +57% |
| FY2025 Q3 | $18.41 | $0.62 | 29.8x | +56% | |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $19.91 | $0.03 | 757.0x | +3862% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $21.27 | $1.41 | 15.1x | -21% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $21.75 | $1.15 | 18.9x | -1% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $20.81 | $1.54 | 13.5x | -29% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $17.85 | $1.50 | 11.9x | -38% |
| FY2022 Q4 | Sat Dec 31 2022 00:00:00 GM | $21.17 | $1.40 | 15.1x | -21% |
| FY2022 Q3 | Fri Sep 30 2022 00:00:00 GM | $23.34 | $2.51 | 9.3x | -51% |
| FY2022 Q2 | $27.67 | $2.51 | 11.0x | -42% | |
| FY2022 Q1 | $31.79 | $2.86 | 11.1x | -42% |
Average P/E for displayed period: 19.1x
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Start ComparisonBXMT — Frequently Asked Questions
Quick answers to the most common questions about buying BXMT stock.
Is BXMT stock overvalued or undervalued?
BXMT trades at 30.1x P/E, below its 5-year average of 55.1x. At the 90th percentile of historical range, the stock is priced at a discount to its own history.
How does BXMT's valuation compare to peers?
Blackstone Mortgage Trust, Inc. P/E of 30.1x compares to sector median of 24.3x. The premium reflects expected growth above peers.
What is BXMT's PEG ratio?
BXMT PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 1996-2026.