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BlackRock, Inc (1BLK) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of BlackRock, Inc €409, price €949, upside -57.0%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
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Financial Services · IT · ISIN US09290D1019

BI Broad data Sep 28, 2026

BlackRock, Inc

1BLK · MI

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value €408.51 · Strongly overvalued (−57.0%)
!Quality 57/100
✓Healthy Growth (revenue 3y +10.7 %/yr)
✓Highly profitable · 24.4% net margin (TTM)
✓Low debt · generates free cash flow
✓2.2% dividend yield · Sustainable
✓Wide moat 73/100

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

€1,019 €621.84 Fair Value €408.51 Nov 2023 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 28, 2026.

How to read this chart

34‑month range €621.84 – €1,019 · fair‑value band €241.37 – €510.64 · the €949.40 price screens above the €408.51 fair value. Dashed = 300-day average. As of Sep 28, 2026.

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Company profile

BlackRock, Inc. is a publicly owned investment manager.

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BlackRock, Inc. is a publicly owned investment manager. 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 (1BLK) currently trades at €949.40, while our model-based Fair Value estimate is €408.51, 57.0% 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 €507.59 per share, and 1 of the 11 models we run sit above the €949.40 price.

Bear case: the Asset-Based group reads lowest at €214.60, and 10 of the 11 models stay below the price. Evidence for this calculation is high.

Scenario range: €241.37 (bear) to €510.64 (bull), the price of €949.40 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 57/100 (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 €147B · P/E ratio 25.0 · P/S ratio 5.72 · EPS (TTM) €34.85 · Dividend yield 2.2% · Net margin 22.9% · Return on equity 11.9% · Return on assets (EBIT) 5.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).

What moves the price

The share trades about 7% below its 52-week high and 18% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −57%, 1BLK screens richer than that median.

Fair Value models

Bear €241.37 Fair Value €408.51 Bull €510.64
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€10.20 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. Evidence ⓘEvidence = 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.
Highest evidence
Residual Income €281.14 €312.37 €399.69 73
Growth DCF €288.93 €511.60 €889.09 72
Owner Earnings €494.74 €902.74 €1,613 70
All 11 models by family
DCF Models
Owner Earnings €494.74 €902.74 €1,613 70
5Y P/E Exit €282.81 €507.59 €764.26 66
10Y P/E Exit €283.15 €488.11 €777.54 60
Earnings-Based
Graham-Dodd €216.41 €1,006 €1,383 61
Lynch FV €265.55 €379.35 €493.16 58
Multiples
P/E Multiple €310.29 €413.73 €517.16 63
P/B Multiple €336.32 €448.42 €560.53 55
Asset-Based
NCAV (Graham) €160.15 €214.60 €320.30 54
Growth DCF
Growth DCF €288.93 €511.60 €889.09 72
Rev-Margin DCF €218.77 €372.95 €572.51 68
Economic Profit
Residual Income €281.14 €312.37 €399.69 73

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Quality Score breakdown

Overall quality 57/100

Of which business quality 55 · Market factors (momentum, volatility) 50

Profitability 37
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 58
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 75
Share count: buybacks or dilution?

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Revenue & earnings trend

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%
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.
+0.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.6%
Dividend (yield on the price)2.2%
Profit margin 2021 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.39% → 33%

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).
+34.1%
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.
+10.3%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +30.9% a year for the price and +7.7% for the forecasts.
Forecast 2026 (sales)+15.9%
Forecast 2027 (sales)+10.5%
Projected 2028 (sales)+9.5%
Projected 2029 (sales)+8.4%
Projected 2030 (sales)+7.3%

1BLK screens overvalued: fair value 57% below the price. Compare with Blackstone Inc →

Recent news

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. Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.

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Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Asset Management stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Blackstone Inc BX $112.09 $52.29 −53%
KKR & Co KKR $93.18 $29.26 −69%
Brookfield Corporation BN $36.87 $13.45 −64%
Apollo Global Management, Inc APO $116.06 $197.23 +70%
State Street Corporation STT $177.78 $139.37 −22%
Ameriprise Financial, Inc AMP $494.82 $595.40 +20%
Ares Management Corporation ARES $122.01 $103.68 −15%
Northern Trust Corporation NTRS $175.73 $123.42 −30%
Raymond James Financial, Inc RJF $161.16 $317.27 +97%
Exor N.V EXO €68.10 €136.20 +100%

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BlackRock, Inc · Fair Value
€408.51 −57%Fair Value
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Cite: Fair Value Calculator (2026). "BlackRock, Inc Fair Value". https://www.fairvalue-calculator.com/stock/1BLK

Frequently asked questions

Is BlackRock, Inc (1BLK) overvalued or undervalued?
As of Sep 28, 2026, our model estimates a fair value of €408.51 versus a price of €949.40, about −57% upside (overvalued).
What is the fair value of 1BLK?
Our model-based fair value for BlackRock, Inc is €408.51 (as of Sep 28, 2026), built from audited fundamentals. The current price: €949.40.
What is the quality score of 1BLK?
BlackRock, Inc has a Quality Score of 57/100. 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 (1BLK)?
Our model-based price target is the fair value of €408.51 (as of Sep 28, 2026) from 11 valuation models. Cautious scenario €241.37, optimistic scenario €510.64. 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 €408.51, about −57% upside versus a price of €949.40 (overvalued). Cautious scenario €241.37, optimistic scenario €510.64. The calculation is refreshed regularly with new filings.
What is the revenue of BlackRock, Inc (1BLK)?
BlackRock, Inc reported trailing-twelve-month revenue of about $25.6B (latest available figure, as of Sep 28, 2026).
Does BlackRock, Inc pay a dividend?
BlackRock, Inc currently shows a dividend yield of about 2.25% relative to its recent price (as of Sep 28, 2026).
What growth is priced into BlackRock, Inc (1BLK)?
For today's price to be fair in a discounted-cash-flow model, BlackRock, Inc would have to grow free cash flow by +34.1 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +5.7 % per year. As of Sep 28, 2026.
What discount rate (WACC) does the fair value of 1BLK use?
Our models discount BlackRock, Inc at 12.7 %: a base by market capitalisation (large), damped by beta 1.44, country premium for Italy. 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 +34.1 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has BlackRock, Inc (1BLK) delivered so far?
Over the past 4 years revenue at BlackRock, Inc grew +5.7 % a year. The price currently implies +34.1 % 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 (1BLK) growing?
The median revenue growth in the sector is +9.7 % a year. That is the yardstick for the growth priced into BlackRock, Inc (+34.1 % 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 (1BLK)?
The free-cash-flow yield on the price is 2.14 %: that much free cash flow BlackRock, Inc produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), 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 (1BLK)?
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 €408.51 per share (as of Sep 28, 2026), against a price of €949.40. 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 Sep 28, 2026, 1BLK trades above its calculated fair value: price €949.40, fair value €408.51, a gap of about −57% (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 1BLK?
No. The price is what the market pays today (€949.40); the fair value is what the company's own numbers justify (€408.51). For BlackRock, Inc the two are €540.89 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 €147B (market capitalisation, as of Sep 28, 2026). Per share that is €949.40; our models calculate a fair value of €408.51 per share.
What do the bullish and bearish scenarios say about 1BLK?
Our models span a range for BlackRock, Inc: cautious scenario €241.37, base €408.51, optimistic €510.64 per share (as of Sep 28, 2026, price €949.40). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 1BLK from its 52-week high?
BlackRock, Inc trades at €949.40, about 7% below its 52-week high of €1,019 and 18% above the low of €802.12 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €408.51 is for.
Which stocks are comparable to BlackRock, Inc?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, 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 Sep 28, 2026: price €949.40, calculated fair value €408.51 (−57%), Quality Score 57/100, 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 1BLK 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 €408.51, 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 14.5 % 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 (1BLK)?
The closing price on Oct 2, 2026 was €949.40. Our model-based fair value is €408.51, about −57% upside (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 (€510.64). The favourable scenario is already priced in. Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (€241.37 to €510.64) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of BlackRock, Inc

How large is the market capitalisation of BlackRock, Inc (1BLK)?
The market capitalisation of BlackRock, Inc is €147B. 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/E ratio of BlackRock, Inc (1BLK)?
The price-to-earnings ratio of BlackRock, Inc is 25.0 (as of Jul 3, 2026). Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of BlackRock, Inc (1BLK)?
The price-to-sales ratio of BlackRock, Inc is 5.72 (P/E × margin). 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 (1BLK)?
Earnings per share at BlackRock, Inc are €34.85 (price ÷ EPS = P/E 25.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of BlackRock, Inc (1BLK)?
The dividend yield of BlackRock, Inc is 2.2% (payout 61.3%). 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 (1BLK)?
The net margin of BlackRock, Inc is 22.9% (fiscal year 2025). 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 (1BLK)?
The return on equity (ROE) of BlackRock, Inc is 11.9% (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 (1BLK)?
On an EBIT basis the return on assets of BlackRock, Inc is 5.1% (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 (1BLK)?
The operating margin of BlackRock, Inc is 35.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at BlackRock, Inc (1BLK)?
Revenue at BlackRock, Inc is growing +27.0% 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 (1BLK)?
Earnings per share at BlackRock, Inc are growing +45.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does BlackRock, Inc (1BLK) carry?
The net debt of BlackRock, Inc is $1.3B (fiscal year 2025, ≈ 0.4 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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