StepStone Group Inc. (STEP) P/E Ratio History
Historical price-to-earnings valuation from 2021 to 2025
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STEP Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 6, 2026, StepStone Group Inc. (STEP) trades at a price-to-earnings ratio of -21.8x, with a stock price of $55.03 and trailing twelve-month earnings per share of $-6.88.
The current P/E is 110% below its 5-year average of 211.9x. Over the past five years, STEP's P/E has ranged from a low of 7.7x to a high of 2713.1x, placing the current valuation at the 0th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.3x, STEP trades at a 264% discount to its sector peers. The sector includes 779 companies with P/E ratios ranging from 0.0x to 197.4x.
Relative to the broader market, STEP trades at a notable discount to the S&P 500 median P/E of 25.1x. 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 STEP 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.
STEP P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $10B | 25.8 | 1.64 | +42% | |
| $4B | 17.1Lowest | 0.84Best | +47% | |
| $2B | 328.3 | - | +112% | |
| $40B | 62.7 | 3.56 | -5% | |
| $96B | 31.6 | 1.51 | +7% | |
| $91B | 43.6 | - | -29% | |
| $74B | 17.8 | 1.22 | -11% | |
| $18B | 18.5 | - | +265% | |
| $17B | 37.7 | - | +1779%Best | |
| $81B | 37.8 | - | +11% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
STEP Historical P/E Data (2021–2025)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q2 | Mon Sep 30 2024 00:00:00 GM | $56.83 | $0.62 | 91.7x | -57% |
| FY2025 Q1 | Sun Jun 30 2024 00:00:00 GM | $45.89 | $0.77 | 59.6x | -72% |
| FY2024 Q4 | Sun Mar 31 2024 00:00:00 GM | $35.74 | $0.91 | 39.3x | -81% |
| FY2024 Q3 | Sun Dec 31 2023 00:00:00 GM | $31.83 | $0.89 | 35.8x | -83% |
| FY2024 Q2 | Sat Sep 30 2023 00:00:00 GM | $31.58 | $1.10 | 28.7x | -86% |
| FY2024 Q1 | Fri Jun 30 2023 00:00:00 GM | $24.81 | $0.21 | 118.1x | -44% |
| FY2023 Q2 | Fri Sep 30 2022 00:00:00 GM | $24.51 | $0.90 | 27.2x | -87% |
| FY2023 Q1 | $26.03 | $2.83 | 9.2x | -96% | |
| FY2022 Q4 | $33.06 | $4.07 | 8.1x | -96% | |
| FY2022 Q3 | Fri Dec 31 2021 00:00:00 GM | $41.57 | $4.63 | 9.0x | -96% |
| FY2022 Q2 | $42.64 | $4.67 | 9.1x | -96% | |
| FY2022 Q1 | Wed Jun 30 2021 00:00:00 GM | $34.40 | $3.19 | 10.8x | -95% |
Average P/E for displayed period: 211.9x
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Start ComparisonSTEP — Frequently Asked Questions
Quick answers to the most common questions about buying STEP stock.
Is STEP stock overvalued or undervalued?
STEP trades at -21.8x P/E, below its 5-year average of 211.9x. At the N/A percentile of historical range, the stock is priced at a discount to its own history.
How does STEP's valuation compare to peers?
StepStone Group Inc. P/E of -21.8x compares to sector median of 13.3x. The discount suggests lower growth expectations or higher risk.
What is STEP's PEG ratio?
STEP PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2021-2025.