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Blackstone vs ICG: Which Stock Looks Stronger in 2026?

ICG leads structurally, with valuation as the clearest single gap between the two profiles. The remaining gap is narrow enough that the comparison remains open to different readings. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

Most of the separation is still concentrated in valuation.

INDUSTRY COMPARISON

Both operate in: Asset Management

This comparison is based on industry proximity, not on functional trajectory similarity. BX and ICG.L share the same industry classification.

For a similarity-based comparison, see how Blackstone and ICG each position within their functional peer groups in AssetNext.

Peer-Relative Score
BX
Blackstone Inc.
69
Peer-Score
Signal qualityHigh
vs
ICG.L
ICG plc
76
Peer-Score
Signal qualityMedium

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Pricing shapes this comparison more than a broad operating gap.

Dimension spread: BX vs ICG.L Profitability 100 95 Stability 32 24 Valuation 52 87 Growth 86 83 BX ICG.L
Gap Ranking
#1 Valuation +35
#2 Stability +8
#3 Profitability +5
#4 Growth +3
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for BX and ICG.L Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer BXICG.L Relative valuation Structural strength

ICG plc and Blackstone Inc. look relatively close on structure, but the price setup still leans toward ICG plc.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Valuation
Both rank well on valuation, but ICG plc still holds a clear edge.
Stability
Both sit in the weaker half on stability, with Blackstone Inc. still coming out ahead.
Valuation — Dominant Gap
BX
52
ICG.L
87
Gap+35in favour of ICG.L

The multiple-based pricing edge comes from a forward P/E that is 5.8 turns lower.

What else supports the lead

ICG plc also shows lower market-fundamental divergence, which makes the lead look less detached from the underlying business picture.

What this means for the comparison

Valuation answers the question more clearly than the overall score separation does.

Explore full peer positioning in AssetNext

Break down the BX vs ICG.L comparison across all dimensions with the full interactive tool.

Explore full breakdown →
Similar valuation-driven comparisons

Explore how BX and ICG.L each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.