STEP
StepStone Group Inc. Financial Services - Private Markets Investor Relations →
StepStone Group Inc. (STEP) closed at $43.86 as of 2026-07-31, trading 3.9% above its 200-week moving average of $42.21. The stock moved further from the line this week, up from 1.2% last week. The 14-week RSI sits at 38, indicating neutral momentum.
Trading volume is running at 0.9x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.94 ratio) is neutral — neither side is clearly dominating.
Over the past 258 weeks of data, STEP has crossed below its 200-week moving average 3 times. On average, these episodes lasted 32 weeks. Historically, investors who bought STEP at the start of these episodes saw an average one-year return of +46.6%.
With a market cap of $5.7 billion, STEP is a mid-cap stock. The company generates a free cash flow yield of 46.4%, which is notably high. Return on equity stands at -55.9%. The stock trades at -8.6x book value.
Share count has increased 28.4% over three years, indicating dilution.
Over the past 5 years, a hypothetical investment of $100 in STEP would have grown to $104, compared to $177 for the S&P 500. STEP has returned 0.8% annualized vs 12.1% for the index, underperforming the broader market over this period.
In the past 12 months, corporate insiders have made 2 open-market purchases totaling $5,587,844.
Free cash flow has been declining at a -24% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: STEP vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After STEP Crosses Below the Line?
Across 2 historical episodes, buying STEP when it crossed below its 200-week moving average produced an average return of +50.5% after 12 months (median +109.0%), compared to +15.0% for the S&P 500 over the same periods. 50% of those episodes were profitable after one year. After 24 months, the average return was +63.5% vs +39.0% for the index.
Each line shows $100 invested at the moment STEP crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices STEP would reach each dislocation threshold.
Dislocation Price Levels
Prices where STEP's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-08-06.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $38.86 | Unusually cheap — potential buy zone |
| Value | +1σ | $42.01 | Cheap vs. own history |
| Fair Value | +0σ | $45.71 | Historical mean behavior |
| Expensive | -1σ | $50.14 | Expensive vs. own history |
| Deep Expensive | -2σ | $55.51 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from STEP's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
STEP has crossed below its 200-week MA 3 times with an average 1-year return of +46.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jan 2022 | Aug 2023 | 84 | 30.9% | -12.2% | +53.4% |
| Oct 2023 | Dec 2023 | 10 | 14.3% | +105.4% | +58.4% |
| Jun 2026 | Jul 2026 | 2 | 5.3% | N/A | +10.9% |
| Average | 32 | — | +46.6% | — |
Frequently Asked Questions
Is STEP below its 200-week moving average?
No. StepStone Group Inc. (STEP) is currently 3.9% above its 200-week moving average of $42.21. It would need to fall to $42.21 to cross below the line.
What is STEP's 200-week moving average price?
StepStone Group Inc.'s 200-week moving average is $42.21 as of 2026-07-31. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when STEP drops below its 200-week moving average?
STEP has crossed below its 200-week moving average 3 times in our data. On average, buying at that moment produced a one-year return of +46.6%. These dips have historically been decent entry points. These episodes lasted 32 weeks on average.
Is STEP a good value right now?
Here's what our data says about STEP as of 2026-07-31: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 38. Free cash flow yield is 46.4%. Return on equity is -55.9%. Price-to-book is -8.6x. This is not a buy or sell recommendation — always do your own research.
How does STEP compare to the S&P 500?
Over the past 5 years, $100 invested in STEP would have grown to $104, compared to $177 for the S&P 500. That's 0.8% annualized vs 12.1% for the index. STEP has underperformed the broader market over this period.
Does STEP pay a dividend?
Yes. StepStone Group Inc. currently pays a dividend yield of 383.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-07-31