BlackRock, Inc.

NYSE:BLK Stock Report

Market Cap: US$159.2b

BlackRock Valuation

Is BLK undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of BLK when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BLK ($1024.67) is trading above our estimate of fair value ($977.48)

Significantly Below Fair Value: BLK is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BLK?

Key metric: As BLK is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for BLK. This is calculated by dividing BLK's market cap by their current earnings.
What is BLK's PE Ratio?
PE Ratio26.1x
EarningsUS$6.07b
Market CapUS$159.23b

Price to Earnings Ratio vs Peers

How does BLK's PE Ratio compare to its peers?

The above table shows the PE ratio for BLK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average51.6x
KKR KKR
45.2x18.9%US$135.7b
BX Blackstone
63.9x27.9%US$225.9b
ARES Ares Management
80.3x46.3%US$53.3b
BK Bank of New York Mellon
16.9x10.9%US$56.4b
BLK BlackRock
26.1x10.7%US$159.2b

Price-To-Earnings vs Peers: BLK is good value based on its Price-To-Earnings Ratio (26.1x) compared to the peer average (51.6x).

Price to Earnings Ratio vs Industry

How does BLK's PE Ratio compare vs other companies in the US Capital Markets Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ADX Adams Diversified Equity Fund
4xn/aUS$2.52b
CET Central Securities
4.5xn/aUS$1.32b
GAM General American Investors Company
4.1xn/aUS$1.16b
MUDS Mudrick Capital Acquisition Corporation II
3.4xn/aUS$401.64m
BLK 26.1xIndustry Avg. 23.7xNo. of Companies75PE020406080100+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: BLK is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the US Capital Markets industry average (23.7x).

Price to Earnings Ratio vs Fair Ratio

What is BLK's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BLK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.1x
Fair PE Ratio23.8x

Price-To-Earnings vs Fair Ratio: BLK is expensive based on its Price-To-Earnings Ratio (26.1x) compared to the estimated Fair Price-To-Earnings Ratio (23.8x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst BLK forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1,024.67
US$1,086.95
+6.1%
7.5%US$1,245.00US$914.00n/a17
Nov ’25US$985.08
US$1,078.24
+9.5%
7.4%US$1,245.00US$914.00n/a17
Oct ’25US$934.02
US$954.88
+2.2%
6.5%US$1,075.00US$840.00n/a17
Sep ’25US$901.81
US$930.50
+3.2%
6.5%US$1,036.00US$774.00n/a16
Aug ’25US$865.35
US$920.20
+6.3%
6.9%US$1,036.00US$774.00n/a15
Jul ’25US$782.27
US$913.93
+16.8%
7.8%US$1,070.00US$756.00n/a15
Jun ’25US$772.03
US$913.53
+18.3%
7.8%US$1,070.00US$756.00n/a15
May ’25US$751.58
US$912.62
+21.4%
7.7%US$1,070.00US$756.00n/a16
Apr ’25US$826.77
US$903.52
+9.3%
6.9%US$1,025.00US$742.00n/a17
Mar ’25US$814.83
US$898.33
+10.2%
7.5%US$1,025.00US$734.00n/a15
Feb ’25US$784.93
US$883.74
+12.6%
9.2%US$1,025.00US$710.00n/a16
Jan ’25US$811.80
US$810.73
-0.1%
9.1%US$914.00US$708.00n/a15
Dec ’24US$756.35
US$765.86
+1.3%
8.4%US$897.00US$675.00n/a15
Nov ’24US$616.21
US$760.93
+23.5%
8.5%US$897.00US$675.00US$985.0815
Oct ’24US$646.49
US$812.39
+25.7%
6.4%US$921.00US$710.00US$934.0215
Sep ’24US$706.19
US$812.39
+15.0%
6.4%US$921.00US$710.00US$901.8115
Aug ’24US$732.26
US$803.87
+9.8%
7.3%US$921.00US$703.00US$865.3515
Jul ’24US$691.14
US$764.31
+10.6%
10.7%US$920.00US$542.00US$782.2716
Jun ’24US$668.84
US$764.63
+14.3%
10.7%US$920.00US$542.00US$772.0316
May ’24US$662.97
US$778.71
+17.5%
14.3%US$1,080.00US$542.00US$751.5817
Apr ’24US$669.12
US$798.63
+19.4%
13.2%US$1,083.00US$589.00US$826.7716
Mar ’24US$680.56
US$808.69
+18.8%
12.8%US$1,083.00US$589.00US$814.8316
Feb ’24US$762.63
US$807.00
+5.8%
12.7%US$1,083.00US$589.00US$784.9316
Jan ’24US$708.63
US$732.73
+3.4%
22.1%US$1,212.00US$488.00US$811.8015
Dec ’23US$722.18
US$656.69
-9.1%
15.0%US$846.00US$481.00US$756.3513
Nov ’23US$652.00
US$631.31
-3.2%
12.2%US$760.00US$481.00US$616.2113

Analyst Forecast: Target price is less than 20% higher than the current share price.

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