StepStone Group has had an impressive run over the past six months as its shares have beaten the S&P 500 by 12.9%. The stock now trades at $70.63, marking a 23.7% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

Is now still a good time to buy STEP? Or are investors being too optimistic? Find out in our full research report, it’s free for active Edge members.

Why Is STEP a Good Business?

Operating as both an advisor and asset manager with over $100 billion in assets under management, StepStone Group (NASDAQ: STEP) is an investment firm that provides clients with access to private market investments across private equity, real estate, private debt, and infrastructure.

1. Skyrocketing Revenue Shows Strong Momentum

Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but many enduring ones grow for years.

Over the last five years, StepStone Group grew its revenue at an incredible 27.5% compounded annual growth rate. Its growth beat the average financials company and shows its offerings resonate with customers.

2. EPS Moving Up Steadily

We track the long-term change in earnings per share (EPS) because it highlights whether a company’s growth is profitable.

StepStone Group’s full-year EPS grew at a decent 11.4% compounded annual growth rate over the last four years, in line with the broader financials sector.

Final Judgment

These are just a few reasons StepStone Group is a rock-solid business worth owning, and with its shares outperforming the market lately, the stock trades at 30.6× forward P/E (or $70.63 per share). Is now a good time to buy? See for yourself in our full research report, it’s free for active Edge members.

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