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StepStone Group Inc. (STEP) stock analysis

STEPNasdaqInvestment AdviceFiscal year ends March 31
Financials through Q2 FY2027, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 9, 2026Score 8/30
$48.46−0.72 (-1.46%)

Close on Nov 11, 2026Market cap $5.85BP/E –Yield 3.05%

StockData Score

Prices as of Nov 11, 2026How the score works

Value1Growth1Performance0Health4Dividend2

Weak8 of 30 checks passed

StepStone passes 8 of the 30 checks behind our score; 17 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.

Valuation
1/6
Growth
1/6
Past performance
0/6
Financial health
4/6
Dividend
2/6

What stands out

  • No debt

    StepStone has no borrowings on its latest balance sheet.

  • Interest well covered

    No meaningful interest expense to cover.

  • Debt covered by cash flow

    There is no debt to cover.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 6 fiscal years.

What to watch

  • Elevated bankruptcy risk

    The Altman Z-score is 0.53; above 3 is the safe zone and below 1.8 the distress zone.

  • Net margin below its 5-year average

    Net margin was -13.7% over the last twelve months, against a 5-year average of -4.9%.

  • Net margin below the industry

    StepStone's net margin of -13.7% is below the Services Allied with the Exchange of Securities median of 16.3%.

  • Yield below Treasuries

    The 3.5% yield is below the 4.4% on a 1-year Treasury.

Valuation1/6

  • P/E against its history

    Not enough price and earnings history to compare.

  • P/E against the industry

    Needs positive earnings and enough profitable companies in the industry.

  • EV/EBITDA against its history

    Needs positive EBITDA and price history.

  • P/S below the industry

    StepStone's price-to-sales of 2.51 is below the Services Allied with the Exchange of Securities median of 2.79 (book value is negative, so we use sales).

  • Price against fair value

    We could not estimate a fair value: it needs at least two valuation methods with positive inputs.

  • Margin of safety

    Depends on the fair value estimate.

Growth1/6

  • Revenue growth over 3 years

    Needs three years of positive revenue.

  • EPS growth over 3 years

    Needs positive EPS three years ago and today.

  • Earnings acceleration

    Needs positive net income now, a year ago and five years ago.

  • Growing faster than the industry

    Revenue grew 51.6% over the last twelve months; the Services Allied with the Exchange of Securities median is 8.7%.

  • Company guidance

    No outlook found in earnings releases from the last twelve months.

  • Gross margin trend

    This company does not report gross profit.

Past performance0/6

  • Return on equity

    Needs positive equity and five years of results.

  • Return on invested capital

    Needs operating income and invested capital.

  • Return on equity against the industry

    Needs positive equity.

  • Earnings over 5 years

    Needs positive net income five years ago and in the latest year.

  • Net margin below its 5-year average

    Net margin was -13.7% over the last twelve months, against a 5-year average of -4.9%.

  • Net margin below the industry

    StepStone's net margin of -13.7% is below the Services Allied with the Exchange of Securities median of 16.3%.

Financial health4/6

  • No debt

    StepStone has no borrowings on its latest balance sheet.

  • Debt not rising

    With no debt today, leverage cannot have risen.

  • Debt covered by cash flow

    There is no debt to cover.

  • Interest well covered

    No meaningful interest expense to cover.

  • Short-term liquidity

    The balance sheet is not split into current and non-current items.

  • Elevated bankruptcy risk

    The Altman Z-score is 0.53; above 3 is the safe zone and below 1.8 the distress zone.

Dividend2/6

  • Pays a dividend

    StepStone paid dividends worth 3.5% of the share price over the last twelve months.

  • Yield below Treasuries

    The 3.5% yield is below the 4.4% on a 1-year Treasury.

  • Yield below the top quarter

    The top quarter of US dividend payers yield 3.8% or more; StepStone yields 3.5%.

  • Dividend not cut

    The dividend per share has not fallen by more than 10% in any of the last 6 fiscal years.

  • Earnings cover

    Needs dividends paid and net income.

  • Cash-flow cover

    Needs dividends paid and free cash flow.

Scores of similar companies

Fair value

How we estimate it

We don't publish a fair value for StepStone. It needs a US-dollar share price, at least two valuation methods with positive inputs (earnings, EBITDA, book value or sales) and, for companies with several share classes, classes that trade at the same price.

Valuation over time

Using the earnings and balance sheet published at each date, not today's.

  • P/E at month end
  • Own 5-year median 33.5
  • Services Allied with the Exchange of Securities median 21.0

An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.

Market risk

From the past year of daily prices.

Liquidity

Low risk

Average value traded per day
$42.07M
Value traded per 1% price move
$20.38M

Downside

High risk

Typical loss in a bad month
34.4%
Volatility (annualized)
50%
Sharpe ratio, 1 year
-0.53
Beta to the S&P 500 (5Y)
1.46

Typical bad-month loss, week by week

25%: high

Margins

Share of revenue, fiscal years 2018 to 2026

Net margin

-26.9%−34.8 pts over 5 years

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