BlackRock Inc (BLK) fair value: what the stock is really worth
As of Nov 5, 2026: fair value (intrinsic value) of BlackRock Inc stock $493, price $1,171, that is 57.8% below the price, quality 59 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range $482.74 – $1,224 · fair‑value band $307.10 – $801.55 · the $1,171 price screens above the $493.44 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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BlackRock, Inc. is a publicly owned investment manager.
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The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.
It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios.
It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds.
It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe.
The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities.
The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities.
It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments.
In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices.
BlackRock, Inc. was founded in 1988 and is based in New York, New York with additional offices in A
Stock analysis
BlackRock Inc (BLK) currently trades at $1,171, while our model-based Fair Value estimate is $493.44, 58% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $554.92 per share, and 1 of the 11 models we run sit above the $1,171 price.
Bear case: the Dividend Discount group reads lowest at $301.19, and 10 of the 11 models stay below the price. Data coverage for this calculation is high.
Scenario range: $307.10 (bear) to $801.55 (bull), the price of $1,171 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 59/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
BlackRock Inc reported revenue of $24.2B in FY2025 versus $19.4B in FY2021, a compound +5.7%/yr. Reported net income was $5.6B in FY2025, compounding −1.5%/yr from FY2021.
Key figures
Market cap $193B Large · P/E ratio 25.6 · P/S ratio 6.76 · EPS (TTM) $43.92 · Dividend yield 1.9% · Net margin 24.2% · Return on equity 12.3% · Return on assets (EBIT) 5.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 81 out of 100 (medium confidence).
What moves the price
The share trades about 4% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −58%, BLK screens richer than that median.
Fair Value models
Bear$307.10Fair Value $493.44Bull$801.55
Price $1,171 · Downside -57.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then ($18.28 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
In the last 6 months, 2 officers or directors sold shares worth $22.0M and none bought.
SaleChristopher J. MeadeGeneral Counsel and CLO18,095 shares at $1,102$19.9MJul 16, 2026
SaleLaurence FinkChairman and CEO, Director2× since Apr 28, 2026: 35,805 shares, avg. $1,052$37.7MJul 16, 2026
SaleRobert KapitoPresident, Director8,739 shares at $1,057$9.2MApr 27, 2026
SaleJ. Richard KushelSenior Managing Director2× since Jan 21, 2026: 22,385 shares, avg. $1,121$25.1MFeb 24, 2026
SaleStephen CohenSenior Managing Director2× since Feb 11, 2026: 2,404 shares, avg. $1,073$2.6MFeb 23, 2026
SaleRobert L. GoldsteinChief Operating Officer59,483 shares at $1,087$64.7MFeb 11, 2026
SaleMartin SmallCFO & Senior Managing Director2× since Dec 1, 2025: 28,305 shares, avg. $1,165$33.0MJan 16, 2026
Plus 27 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.7%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.4%
Start year 2020 (pandemic). Over 10 years: +7.8% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.1%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+3.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.1%
Dividend (yield on the price)1.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.1.1% vs 5.8%, slowing
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.35% → 29%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+30.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+11.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +27.4% a year for the price and +9.2% for the forecasts.
News mood ⓘNews mood, the average tone of recent news (96 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Positive
Recent news coverage is more positive than average.
AI conclusion: BlackRock's scale and Aladdin platform deliver a moderate competitive moat while pricing pressures and average returns restrict the durability of its business quality.
Main risk: Ongoing antitrust lawsuits from multiple states allege BlackRock used its holdings in coal companies to reduce production, which could lead to restrictions on investment strategies or higher compliance costs.
Bull case: BlackRock could use its scale, Aladdin platform and expansion into private markets to adapt investment practices and maintain client inflows despite regulatory pressures.
Bear case: If antitrust cases succeed, BlackRock might face limits on its ownership influence and stewardship activities, reducing its ability to offer certain ESG or index strategies to clients.
BlackRock is partnering to connect its tokenized money market funds with a yen stablecoin. This could open on-chain distribution channels in Japan and beyond while building on its existing tokenized offerings. At the same time the asset manager's core business still depends on traditional fee income from equities and fixed income. Will these experiments add durable new revenue streams or mainly increase operational complexity?
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Asset Management · 593 stocks
Beats the industry median on 3/14 measures
Overall it trails its industry peers.
Valuation
Quality Score59 · Below median
Fair Value upside−57.8% · Bottom 25%
Profitability
Return on equity (12 months)12.3% · Above median
Return on assets3.3% · Below median
Net margin (12 months)24.2% · Below median
Operating margin (12 months)37.9% · Below median
Growth and dividend
Revenue growth (quarter YoY)19.1% · Above median
Dividend yield (12 months)1.9% · Bottom 25%
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)25.6× · Priciest 25%
P/B3.45× · book value is mostly goodwill ⓘGoodwill and other intangible assets are larger than the equity. The book value mainly reflects prices paid for past acquisitions, so we do not rank this P/B against the peer group.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "BlackRock Inc Fair Value". https://www.fairvalue-calculator.com/stock/BLK
Frequently asked questions
Is BlackRock Inc (BLK) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of $493.44 versus a price of $1,171, about 58% lower (overvalued).
What is the fair value of BLK?
Our model-based fair value for BlackRock Inc is $493.44 (as of Nov 5, 2026), built from audited fundamentals. The current price: $1,171.
What is the quality score of BLK?
BlackRock Inc has a Quality Score of 59/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for BlackRock Inc (BLK)?
Our model-based price target is the fair value of $493.44 (as of Nov 5, 2026) from 11 valuation models. Cautious scenario $307.10, optimistic scenario $801.55. It is a calculation from audited fundamentals, not an analyst target.
What is the BlackRock Inc stock forecast for 2026?
Our models put fair value at $493.44, about 58% lower versus a price of $1,171 (overvalued). Cautious scenario $307.10, optimistic scenario $801.55. The calculation is refreshed regularly with new filings.
What is the revenue of BlackRock Inc (BLK)?
BlackRock Inc reported trailing-twelve-month revenue of about $28.5B (latest available figure, as of Nov 5, 2026).
Does BlackRock Inc pay a dividend?
BlackRock Inc currently shows a dividend yield of 1.91% relative to its recent price (as of Nov 5, 2026).
What growth is priced into BlackRock Inc (BLK)?
For today's price to be fair in a discounted-cash-flow model, BlackRock Inc would have to grow free cash flow by +30.4 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.4 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of BLK use?
Our models discount BlackRock Inc at 10.2 %: a base by market capitalisation (large), damped by beta 1.42, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For BlackRock Inc that is +30.4 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has BlackRock Inc (BLK) delivered so far?
Over the past 5 years revenue at BlackRock Inc grew +8.4 % a year. The price currently implies +30.4 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of BlackRock Inc (BLK) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into BlackRock Inc (+30.4 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of BlackRock Inc (BLK)?
The free-cash-flow yield on the price is 1.84 %: that much free cash flow BlackRock Inc produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of BlackRock Inc (BLK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For BlackRock Inc it is $493.44 per share (as of Nov 5, 2026), against a price of $1,171. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is BlackRock Inc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, BLK trades above its calculated fair value: price $1,171, fair value $493.44, a gap of about −58% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BLK?
No. The price is what the market pays today ($1,171); the fair value is what the company's own numbers justify ($493.44). For BlackRock Inc the two are $677.23 per share apart. That gap is exactly why we show both numbers side by side.
How much is BlackRock Inc worth?
The market values BlackRock Inc at about $193B (market capitalisation, as of Nov 5, 2026). Per share that is $1,171; our models calculate a fair value of $493.44 per share.
What do the bullish and bearish scenarios say about BLK?
Our models span a range for BlackRock Inc: cautious scenario $307.10, base $493.44, optimistic $801.55 per share (as of Nov 5, 2026, price $1,171). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BLK?
BlackRock Inc trades at a price-to-earnings ratio of 25.6 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $493.44 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 32.4 (reported for FY2025: 34.9). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, 4 of the years ex one-offs: 21.2. Other multiples: PEG 0.9, P/B 3.5, P/S 6.8, EV/EBITDA 16.2.
What is the PEG ratio of BLK?
The PEG ratio of BlackRock Inc is 0.89 (P/E divided by earnings growth, as of Nov 5, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of BlackRock Inc (BLK)?
Balance-sheet figures for BlackRock Inc (as of Nov 5, 2026): return on equity 12.3%, debt of 0.23 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is BLK from its 52-week high?
BlackRock Inc trades at $1,171, about 4% below its 52-week high of $1,224 and 28% above the low of $913.04 (as of Nov 5, 2026). Distance from the high says nothing about value: that is what the fair value of $493.44 is for.
Which stocks are comparable to BlackRock Inc?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is BlackRock Inc stock attractive at the current price?
The data as of Nov 5, 2026: price $1,171, calculated fair value $493.44 (−58%), Quality Score 59/100, from 11 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BLK calculated?
We run BlackRock Inc through 11 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $493.44, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.5% above its aggregate fair value. BlackRock Inc itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of BlackRock Inc (BLK)?
The closing price on Nov 5, 2026 was $1,171. Our model-based fair value is $493.44, about 58% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with BlackRock Inc right now?
The price sits above even our optimistic bull case ($801.55). The favourable scenario is already priced in. The model range is unusually wide ($307.10 to $801.55). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of BlackRock Inc (BLK) come from?
Earnings per share at BlackRock Inc grew +7.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.7 %, EBIT margin −1.8 %, tax rate +0.8 %, residual (interest, one-offs) +0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of BlackRock Inc
How large is the market capitalisation of BlackRock Inc (BLK)?
The market capitalisation of BlackRock Inc is $193B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of BlackRock Inc (BLK)?
The price-to-sales ratio of BlackRock Inc is 6.76 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of BlackRock Inc (BLK)?
Earnings per share at BlackRock Inc are $43.92 (price ÷ EPS = P/E 25.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BlackRock Inc (BLK)?
The dividend yield of BlackRock Inc is 1.9% (payout 47.4%, on adjusted earnings, reported 51.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of BlackRock Inc (BLK)?
The net margin of BlackRock Inc is 24.2% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of BlackRock Inc (BLK)?
The return on equity (ROE) of BlackRock Inc is 12.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of BlackRock Inc (BLK)?
On an EBIT basis the return on assets of BlackRock Inc is 5.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of BlackRock Inc (BLK)?
The operating margin of BlackRock Inc is 37.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BlackRock Inc (BLK)?
Revenue at BlackRock Inc is growing +19.1% versus a year earlier (3y avg +10.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at BlackRock Inc (BLK)?
Earnings per share at BlackRock Inc are growing +25.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BlackRock Inc (BLK) carry?
The net debt of BlackRock Inc is $3.5B (fiscal year 2025, ≈ 1.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Nov 5, 2026