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Updated 3h ago
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The Carlyle Group Inc.NasdaqGS:CG Stock Report

Market Cap US$14.3b
Updated 3h ago
Share Price
n/a
1Y-42.1%
7D-6.7%
1D0.4%
Portfolio Value
​
View

The Carlyle Group Inc.

NasdaqGS:CG Stock Report

Market Cap: US$14.3b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Carlyle Group (CG) Stock Overview

An investment firm specializing in direct and fund of fund investments. More details

CG fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance0/6
Financial Health1/6
Dividends1/6

Rewards

Trading at 67.3% below our estimate of its fair value

Earnings are forecast to grow 22.02% per year

Analysts in good agreement that stock price will rise by 45%

Risk Analysis

High level of non-cash earnings

Debt is not well covered by operating cash flow

Dividend of 3.49% is not well covered by earnings or free cash flows

Significant insider selling over the past 3 months

+ 1 more risk

CG Community Fair Values

Create Narrative

See what 20 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
30.8% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

CG: Minority Stake Deal And Buybacks Will Drive Value Creation

291
0
9
AN
AnalystLowTarget
18.0% undervalued intrinsic discount
AnalystLowTarget
•21h ago

Rising Rates And Regulatory Costs Will Undercut Fee Streams

78
0
3
AN
AnalystHighTarget
44.8% undervalued intrinsic discount
AnalystHighTarget
•14d ago

Expanding Global Credit And Investment Solutions Will Unleash Future Opportunity

30
0
0

Top Analyst Narratives

AN
AnalystConsensusTarget
30.8% undervalued intrinsic discount
AnalystConsensusTarget
•1mo ago

CG: Minority Stake Deal And Buybacks Will Drive Value Creation

291
0
9
AN
AnalystLowTarget
18.0% undervalued intrinsic discount
AnalystLowTarget
•21h ago

Rising Rates And Regulatory Costs Will Undercut Fee Streams

78
0
3
AN
AnalystHighTarget
44.8% undervalued intrinsic discount
AnalystHighTarget
•14d ago

Expanding Global Credit And Investment Solutions Will Unleash Future Opportunity

30
0
0
View all narratives

The Carlyle Group Inc. Competitors

SEI Investments

Symbol: NasdaqGS:SEIC
Market cap: US$12.6b

Franklin Templeton

Symbol: NYSE:BEN
Market cap: US$16.6b

Blue Owl Capital

Symbol: NYSE:OWL
Market cap: US$15.8b

T. Rowe Price Group

Symbol: NasdaqGS:TROW
Market cap: US$21.8b

Price History & Performance

Summary of share price highs, lows and changes for Carlyle Group
Historical stock prices
Current Share PriceUS$40.17
52 Week HighUS$69.85
52 Week LowUS$39.16
Beta1.83
1 Month Change-16.95%
3 Month Change-10.33%
1 Year Change-42.08%
3 Year Change31.83%
5 Year Change-17.46%
Change since IPO82.18%

Recent News & Updates

Seeking Alpha • Sep 15

Carlyle Group: Asymmetric Return Profile

Summary Carlyle Group shares have underperformed peers yet offer an asymmetric value opportunity with limited downside risk. CG expects 15% annual growth in fee-related earnings and distributable earnings, supported by durable, recurring income streams and a strong balance sheet. Alpinvest, nearly 25% of CG’s AUM, benefits from both current monetization challenges and long-term private asset growth, positioning CG advantageously. At $42.34, CG trades at just 13x 2027 after-tax FRE, implying 19%-29% annualized total return to a $62-$76 fair value by 2029. Read the full article on Seeking Alpha
User avatar
Narrative Update • Sep 03

CG: Ashland And Rio Tinto Deal Pipeline Will Support Future Upside

Analysts have trimmed their price target on Carlyle Group to about $72.73 from $75.00, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What’s in the News for Carlyle Group Carlyle Group is reported to be among private equity firms that contacted Ashland Inc.

Recent updates

Seeking Alpha • Sep 15

Carlyle Group: Asymmetric Return Profile

Summary Carlyle Group shares have underperformed peers yet offer an asymmetric value opportunity with limited downside risk. CG expects 15% annual growth in fee-related earnings and distributable earnings, supported by durable, recurring income streams and a strong balance sheet. Alpinvest, nearly 25% of CG’s AUM, benefits from both current monetization challenges and long-term private asset growth, positioning CG advantageously. At $42.34, CG trades at just 13x 2027 after-tax FRE, implying 19%-29% annualized total return to a $62-$76 fair value by 2029. Read the full article on Seeking Alpha
User avatar
Narrative Update • Sep 03

CG: Ashland And Rio Tinto Deal Pipeline Will Support Future Upside

Analysts have trimmed their price target on Carlyle Group to about $72.73 from $75.00, reflecting updated assumptions around revenue growth, profit margins, and future P/E expectations. What’s in the News for Carlyle Group Carlyle Group is reported to be among private equity firms that contacted Ashland Inc.
User avatar
Narrative Update • Aug 17

CG: Prime Capital Partnership And Retirement Access Efforts Will Drive Future Upside

Analysts have modestly raised their price target on Carlyle Group to about $58 from roughly $57, citing updated assumptions for higher revenue growth, a slightly lower discount rate, a marginally lower profit margin outlook, and a small adjustment to the future P/E multiple. What's in the News for Carlyle Group Carlyle Group's Global Credit platform agreed to provide a US$600 million hybrid capital solution to Prime Capital Financial and to acquire a minority ownership interest in the independent wealth management firm, valuing Prime Capital at over US$1.8b.
Analysis Article • Aug 08

The Carlyle Group Inc. Just Beat Revenue Estimates By 22%

Investors in The Carlyle Group Inc. ( NASDAQ:CG ) had a good week, as its shares rose 3.8% to close at US$47.79...
User avatar
Narrative Update • Aug 03

CG: Wealth Management Push And Sector Deals Will Shape Balanced Outlook

Analysts have adjusted their price target on Carlyle Group from $45.16 to $44.00, reflecting updated assumptions on revenue growth, profit margins, and future P/E expectations. What’s in the News for Carlyle Group Carlyle Group and Bain Capital are the final bidders for Wealth Enhancement Group in a deal valued at about US$7b including debt, involving a firm that manages nearly US$160b in client assets.
User avatar
Narrative Update • Jul 20

CG: Copia Power Exit And Retirement Access Efforts Will Drive Future Upside

The analyst price target for Carlyle Group has been trimmed from $59.88 to $56.69 as analysts factor in slightly lower revenue growth and a modestly lower future P/E, partly offset by expectations for a marginally higher profit margin. What’s in the News for Carlyle Group Carlyle Group agreed to sell Copia Power to EQT for US$2.6b, with the firm expecting to realize a profit of more than 5x its initial investment.
User avatar
Narrative Update • Jul 06

CG: Climate Risk And Retirement Access Initiatives Will Drive Future Upside

Analysts have slightly reduced their price target for Carlyle Group to about $59.88 from roughly $61.81, citing updated assumptions that combine higher projected revenue growth with a modestly lower profit margin and a somewhat lower future P/E multiple. What’s in the News for Carlyle Group Carlyle Group introduced a new climate risk framework for its roughly $475b portfolio during London Climate Action Week, working with Marsh and institutional investors to help portfolio managers factor physical climate risk into asset valuations and potentially access improved insurance terms.
User avatar
Narrative Update • Jun 22

CG: Acquisitions And New Fundraising Will Shape A Balanced Forward Outlook

Analysts have slightly adjusted their price target for Carlyle Group to $45.16 from $45.24. This reflects updated assumptions for revenue growth, profit margins, the discount rate, and future P/E expectations.
User avatar
Narrative Update • Jun 07

CG: Defense Energy And Data Fundraising Super Cycle Will Support Upside

Analysts have reduced their price target on Carlyle Group to $75 from $81, reflecting updated assumptions that include a higher discount rate, revised revenue growth and profit margin expectations, and a lower future P/E multiple. What's in the News Carlyle Group CEO Harvey Schwartz outlined expectations for a fundraising "super cycle" centered on defense, energy, and data protection themes, citing growing government reliance on private capital to address deficits and national security priorities.
User avatar
Narrative Update • May 24

CG: Data Centers And Buybacks Will Shape A Balanced Forward Outlook

The latest analyst price target for Carlyle Group has shifted from $48.00 to $45.24. Analysts attribute the change to updated assumptions around higher revenue growth, a slightly different profit margin outlook, a modestly higher discount rate, and a lower future P/E multiple as key drivers of the revision.
Analysis Article • May 20

Analysts Are More Bearish On The Carlyle Group Inc. (NASDAQ:CG) Than They Used To Be

One thing we could say about the analysts on The Carlyle Group Inc. ( NASDAQ:CG ) - they aren't optimistic, having just...
User avatar
Narrative Update • May 06

CG: Expanded Partnerships And Data Center Projects Will Support Future Upside

Analysts have trimmed their price target for Carlyle Group to about $61.81 from $66.94, citing revised assumptions for fair value, revenue growth, profit margins and a slightly higher future P/E multiple as the key drivers of the update. What's in the News Carlyle and SEI announced an expanded partnership aimed at widening access to institutional private market capabilities across wealth and retirement channels, including potential new collaborative solutions and model portfolios for private market exposure (Key Developments).
User avatar
Narrative Update • Apr 20

CG: Data Center Projects And Buybacks Will Support A Balanced Outlook

Analysts now set a lower price target for Carlyle Group at $48.00, down from about $55.27, citing updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What's in the News US Army selects Carlyle and KKR to build two data centres on military bases, each estimated to cost about US$2b, with long term leases and capacity partly reserved for Army use.
User avatar
Narrative Update • Apr 06

CG: Future Data Centre Projects And Buybacks Will Support Upside Potential

Analysts have raised their fair value estimate for Carlyle Group from $75.00 to $81.00. They cited updated assumptions around revenue growth, profit margins and the future P/E ratio as the key drivers behind the higher price target.
User avatar
Narrative Update • Mar 23

CG: Ongoing Buybacks And Selective Dealmaking Will Support Future Upside

The analyst price target for Carlyle Group has shifted modestly to $66.94 from $66.27, as analysts factor in updated assumptions that include a slightly different discount rate, adjusted revenue growth expectations, a marginally higher profit margin, and a small change in the future P/E input. What's in the News Carlyle Group announced a share repurchase program that allows the company to buy back up to US$2.0b of its common shares, signaling an ongoing focus on returning capital to shareholders (Buyback Transaction Announcements).
User avatar
Narrative Update • Mar 09

CG: Buybacks And Potential Sports Deal Will Support Bullish Outlook

Analysts have adjusted their price target for Carlyle Group to $55.27 from $53.95, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E expectations. What's in the News Carlyle Group announced a share repurchase program authorizing buybacks of up to US$2.0b of its common shares.
User avatar
Narrative Update • Feb 22

CG: Future Sports And Healthtech Deals Will Test Fairly Priced Outlook

Analysts have trimmed their price target for Carlyle Group to $53.95 from $54.60, reflecting updated assumptions around higher expected revenue growth, slightly lower profit margins, a marginally higher discount rate, and a modestly lower future P/E multiple. What's in the News Carlyle is among private equity firms evaluating the acquisition of EQT Partners' 40% stake in healthtech firm CitiusTech in a potential deal likely around US$1b, with JP Morgan running the sale process and no bids placed yet (Key Developments).
User avatar
Narrative Update • Feb 08

CG: Future Sports And Energy Deals Will Test Fairly Priced Outlook

Analysts have raised their price target on Carlyle Group to US$54.60 from US$53.74, reflecting updated assumptions that include a lower discount rate, a revised revenue growth outlook, a higher projected profit margin, and a slightly adjusted future P/E multiple. What's in the News Carlyle is reported to be evaluating non binding bids for a potential stake in Indian Premier League team Royal Challengers Bengaluru, alongside other global buyout firms and large investors, in a process that could value the franchise between US$1.4b and US$1.8b (media reports).
User avatar
Narrative Update • Jan 24

CG: Future Sanctioned Asset Pursuit Will Undermine Already Stretched Pricing

Analysts have nudged their price target for Carlyle Group slightly higher to about US$53.74 from roughly US$53.00, citing modest adjustments in assumed revenue growth, profit margin, discount rate and future P/E as the drivers behind the change. What's in the News Global private equity firms, including The Carlyle Group Inc., are evaluating non binding bids for a stake in Indian Premier League team Royal Challengers Bengaluru, with reported potential valuation in the US$1.4b to US$1.8b range (M&A Rumors and Discussions).
User avatar
Narrative Update • Jan 10

CG: Future Sanctioned Asset Pursuit Will Undermine Already Stretched Pricing

Analysts have trimmed their fair value estimate for Carlyle Group from $56.00 to $53.00, citing updated assumptions that include a higher discount rate, a change from a 2.59% revenue contraction to 24.74% growth, a profit margin increase from 31.92% to 36.02%, and a lower future P/E expectation from 16.76 to 11.09. What's in the News Carlyle is reported to be interested in the foreign assets of PJSC LUKOIL, a Russian oil company under U.S. sanctions, and is considering seeking a U.S. licence to talk about a potential deal, with no due diligence conducted so far and no assurance the discussions will move ahead (Financial Times via SeeNews).
User avatar
Narrative Update • Dec 26

CG: Overseas Energy Bid And Ongoing Buybacks Will Shape Measured Outlook

Analysts have modestly raised their price target on Carlyle Group by approximately 1 percent to reflect a higher estimated fair value of around 66 dollars, supported by expectations for stronger profit margins and a lower future price to earnings multiple. What's in the News Carlyle Group is exploring a potential bid for the foreign assets of sanctioned Russian oil company Lukoil and may seek a U.S. licence to hold negotiations, although no due diligence has been conducted and the firm may decide not to proceed (Financial Times via SeeNews) Several competing bidders are reportedly targeting different parts of Lukoil's international business, which Carlyle is assessing as part of a broader sale process triggered by recent U.S. sanctions on Lukoil (SeeNews) From July 1, 2025 to September 30, 2025, Carlyle repurchased about 1.57 million shares for 100 million dollars, representing 0.44 percent of shares outstanding (company buyback update) Since launching its buyback program on October 28, 2021, Carlyle has repurchased approximately 24.65 million shares, or 6.85 percent of its share base, for a total of about 1.01 billion dollars (company buyback update) Valuation Changes Fair Value Estimate has risen slightly to approximately 66 dollars from about 65.7 dollars.
User avatar
Narrative Update • Dec 12

CG: Global Asset Deals And Completed Buybacks Will Shape Balanced Outlook

The analyst price target for Carlyle Group has inched higher to approximately 65.73 dollars from 65 dollars, as analysts modestly refine their models to reflect slightly lower perceived risk, resilient top line expansion, and a marginally stronger long term profitability profile. What's in the News Carlyle is exploring a potential bid for the foreign assets of sanctioned Russian oil company Lukoil and may seek a U.S. licence to negotiate.
User avatar
Narrative Update • Nov 28

CG: Buybacks And Global Deal Pursuits Will Drive Momentum Ahead

Analysts have slightly reduced their price target for the Carlyle Group from $65.56 to $65.00. They cite modest adjustments in profit margin and discount rate estimates, even though they expect slightly higher revenue growth.
User avatar
Narrative Update • Nov 14

CG: Increased Private Equity Interest Will Drive Momentum In Precision Engineering

Analysts have revised their fair value target for Carlyle Group from $69.25 to $65.56. They cite shifts in revenue growth expectations and profit margin forecasts as the primary drivers behind the adjustment.
User avatar
Narrative Update • Oct 31

CG: Minority Stake Deal And Buybacks Will Drive Value Creation

Analysts have slightly raised their price target for Carlyle Group from $69.06 to $69.25, citing minor improvements in estimated revenue growth and projected profits. What's in the News Carlyle Group is reportedly among private equity firms in discussions to acquire a minority stake in Nash Industries, an auto components maker in Bengaluru, as part of its first institutional fundraising round (Key Developments).
User avatar
Narrative Update • Oct 16

Global Partnerships And Geographic Expansion Will Unlock Value

Analysts have raised their price target for Carlyle Group from $68.08 to $69.06 per share. They cited improved revenue growth expectations and a modest reduction in implied risk, even as profit margin forecasts were slightly lowered.

Shareholder Returns

CGUS Capital MarketsUS Market
7D-6.7%-4.8%-1.1%
1Y-42.1%-3.3%11.7%

Return vs Industry: CG underperformed the US Capital Markets industry which returned -3.3% over the past year.

Return vs Market: CG underperformed the US Market which returned 11.7% over the past year.

Price Volatility

Is CG's price volatile compared to industry and market?
CG volatility
CG Average Weekly Movement5.4%
Capital Markets Industry Average Movement3.3%
Market Average Movement6.9%
10% most volatile stocks in US Market15.2%
10% least volatile stocks in US Market2.9%

Stable Share Price: CG has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: CG's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19872,500Harvey Schwartzwww.carlyle.com

The Carlyle Group Inc. is an investment firm specializing in direct and fund of fund investments. Within direct investments, it specializes in management-led/ Leveraged buyouts, privatizations, divestitures, strategic minority equity investments, structured credit, global distressed and corporate opportunities, small and middle market, equity private placements, consolidations and buildups, senior debt, mezzanine and leveraged finance, and venture and growth capital financings, seed/startup, early venture, emerging growth, turnaround, mid venture, late venture, PIPES, recapitalization. The firm invests across four segments which include Corporate Private Equity, Real Assets, Global Market Strategies, and Solutions.

The Carlyle Group Inc. Fundamentals Summary

How do Carlyle Group's earnings and revenue compare to its market cap?
CG fundamental statistics
Market capUS$14.26b
Earnings (TTM)US$363.90m
Revenue (TTM)US$2.80b
39.3x
P/E Ratio
5.1x
P/S Ratio

Is CG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CG income statement (TTM)
RevenueUS$2.80b
Cost of RevenueUS$47.00m
Gross ProfitUS$2.75b
Other ExpensesUS$2.39b
EarningsUS$363.90m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)1.02
Gross Margin98.32%
Net Profit Margin13.01%
Debt/Equity Ratio191.4%

How did CG perform over the long term?

See historical performance and comparison

Dividends

3.5%
Current Dividend Yield
138%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/17 21:55
End of Day Share Price 2026/09/17 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

The Carlyle Group Inc. is covered by 28 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Benjamin BudishBarclays
"Benjamin BudishBarclays
Roger FreemanBarclays

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