Blackrock Municipal Target Term Closed Fund (BTT) fair value: what the stock is really worth
We calculate from audited financials what Blackrock Municipal Target Term Closed Fund is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
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What matters now
The price sits close to our fair value, market and models broadly agree here, little valuation tension.
For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 16, 2026.
How to read this chart
60‑month range $17.64 – $23.02 · fair‑value band $15.52 – $25.87 · the $22.29 price screens above the $20.69 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 16, 2026.
Blackrock Municipal Target Term Closed Fund (BTT) currently trades at $22.29, while our model-based Fair Value estimate is $20.69, implying the stock looks roughly 7.7% fairly valued today. The Quality Score stands at 64/100 (solid quality), in the Financial Services sector. How firm this estimate is: it rests on 21 models at a data quality of 95/100, which puts the evidence level at high.
Trailing-twelve-month revenue stands at $82.7M. Revenue grew 0.6% year over year. It earns a return on equity of 5.3%. Net debt stands at $833M. Fundamentals as of Aug 16, 2026
Scenario range: $15.52 (bear) to $25.87 (bull), the price of $22.29 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 4% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −29% fair-value upside, at −7%, BTT screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($0.8230 per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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.Evidence
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Key figures & financial health
Market cap$1.4B
P/E ratio16.2
P/S ratio10.7P/E × margin
EPS (TTM)$1.38price ÷ EPS = P/E 16.2
Dividend yield2.5%payout 40.4%
Net margin66.0%FY2025
More key figures
Profitability
Return on equity5.3%TTM
Return on assets (EBIT)0.9%avg 5y
Operating margin80.1%TTM
Growth
Revenue (TTM)$82.7MTTM
Revenue growth (YoY)+0.6%
EPS growth (YoY)+123%
Balance sheet & cash flow
Free cash flow$60.5MFY2025
Net debt$833MFY2025 · ≈ 13.8 yrs of FCF
Figures from reported company fundamentals · as of Aug 16, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality64/100
Of which business quality 65
· Market factors (momentum, volatility) 58
Profitability32
Margins and returns on capital today
Quality Growth43
Are margins and returns improving?
Cashflow85
Earnings quality: real cash, not paper profit
Fin. Strength48
Balance sheet, leverage, solvency risk
Investment100
Disciplined investing over empire-building
Low Volatility100
Calm price path (market factor)
Momentum40
Price trend over the last 3–12 months (market factor)
52W Momentum42
Distance to the 52-week high (market factor)
Net Issuance100
Buybacks instead of dilution
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax.
Full company description
Blackrock Municipal 2030 Target Term Trust is a closed end fixed income mutual fund launched by BlackRock, Inc. The fund is managed by by BlackRock Advisors, LLC. It invests in fixed income markets. The fund invests primarily in investment grade municipal bonds that are exempt from regular federal income tax. It was formerly known as BlackRock Municipal Target Term Trust. Blackrock Municipal 2030 Target Term Trust was formed on August 30, 2012 and is domiciled in the United States.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Blackrock Municipal Target Term Closed Fund reported revenue of $82.5M in FY2025 versus $125M in FY2021, a compound −9.8%/yr. Reported net income was $54.5M in FY2025, compounding −18.6%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
$82.5M
Latest YoY
−2.0%
Avg. revenue growth/yr (5Y) ⓘ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.
−4.5%
Avg. revenue growth/yr (12Y) ⓘ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.
+0.6%
Value creation/yr (5Y) ⓘEarnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−11.0%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−13.5%
Dividend yield2.5%
Trend ⓘ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.5Y −13.5% vs 10Y −13.7%, steady
Operating margin (EBIT) ⓘ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.99.2% (2020) → 80.2% (2025) · falling
Worst earnings drop270% (2022) (loss year, drop beyond 100%) · in USD
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 Municipal Target Term Closed Fund Fair Value". https://www.fairvalue-calculator.com/stock/BTT.US
Peer Group
Asset Management · 657 stocks
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.
Valuation
Quality Score66 · Above median
Profitability
Return on equity (TTM)5% · Below median
Return on assets2% · Below median
Net margin (TTM)101% · Top 25%
Operating margin (TTM)80% · Top 25%
Growth and dividend
Revenue growth1% · Below median
Dividend yield (TTM)2.5% · Below median
Balance sheet
Debt / equity0.48× · Above median
Valuation Multiples vs Asset Management median · lower = cheaper
P/E (TTM)16.2× · Pricier than median
P/B0.93× · Pricier than median
P/S (TTM)17.42× · Priciest 25%
P/FCF23.8× · Priciest 25%
EV/EBITDA32.8× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Blackrock Municipal Target Term Closed Fund deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
Implied FCF growth, 10 years+15.3 % per year
Achieved revenue growth, 5 years-4.5 % p.a.
Sector median revenue growth+8.2 %
FCF yield on price4.25 %
Discount rate (WACC) in the models9.6 %
The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
This stockSector peers
VALUE0· sector 38
FUTURE3· sector 19
PAST21· sector 22
HEALTH76· sector 95
DIVIDEND50· sector 78
VALUE 0: the price sits above our fair-value range.
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 (as of Aug 16, 2026).
Is Blackrock Municipal Target Term Closed Fund (BTT) overvalued or undervalued?
As of Aug 16, 2026, our model estimates a fair value of $20.69 versus a price of $22.29, about −7% upside (fairly valued).
What is the fair value of BTT?
Our model-based fair value for Blackrock Municipal Target Term Closed Fund is $20.69 (as of Aug 16, 2026), built from audited fundamentals. The current price: $22.29.
What is the quality score of BTT?
Blackrock Municipal Target Term Closed Fund has a Quality Score of 64/100. 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 Municipal Target Term Closed Fund (BTT)?
Our model-based price target is the fair value of $20.69 (as of Aug 16, 2026) from 2 valuation models. Cautious scenario $15.52, optimistic scenario $25.87. It is a calculation from audited fundamentals, not an analyst target.
What is the Blackrock Municipal Target Term Closed Fund stock forecast for 2026?
Our models put fair value at $20.69, about −7% upside versus a price of $22.29 (fairly valued). Cautious scenario $15.52, optimistic scenario $25.87. The calculation is refreshed regularly with new filings.
What is the revenue of Blackrock Municipal Target Term Closed Fund (BTT)?
Blackrock Municipal Target Term Closed Fund reported trailing-twelve-month revenue of about $82.7M (latest available figure, as of Aug 16, 2026).
What is the net profit margin of BTT?
The net profit margin of Blackrock Municipal Target Term Closed Fund is about 100.6%, meaning it keeps roughly 100.6% of revenue as net income. Based on the latest reported figures.
Does Blackrock Municipal Target Term Closed Fund pay a dividend?
Blackrock Municipal Target Term Closed Fund currently shows a dividend yield of about 2.50% relative to its recent price (as of Aug 16, 2026).
What growth is priced into Blackrock Municipal Target Term Closed Fund (BTT)?
For today's price to be fair in a discounted-cash-flow model, Blackrock Municipal Target Term Closed Fund would have to grow free cash flow by +15.3 % per year for ten years (discount rate 9.6 %, then 2 % perpetual growth). Over the last 5 years revenue grew -4.5 % per year. As of Aug 16, 2026.
What discount rate (WACC) does the fair value of BTT use?
Our models discount Blackrock Municipal Target Term Closed Fund at 9.6 %: a base by market capitalisation (small), damped by beta 0.46. The same rate applies in all 26 models.
What is the intrinsic value of Blackrock Municipal Target Term Closed Fund (BTT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Blackrock Municipal Target Term Closed Fund it is $20.69 per share (as of Aug 16, 2026), against a price of $22.29. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Blackrock Municipal Target Term Closed Fund stock overvalued or undervalued in 2026?
As of Aug 16, 2026, BTT trades above its calculated fair value: price $22.29, fair value $20.69, a gap of about −7% (fairly valued). 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 BTT?
No. The price is what the market pays today ($22.29); the fair value is what the company's own numbers justify ($20.69). For Blackrock Municipal Target Term Closed Fund the two are $1.60 per share apart. That gap is exactly why we show both numbers side by side.
How much is Blackrock Municipal Target Term Closed Fund worth?
The market values Blackrock Municipal Target Term Closed Fund at about $1.4B (market capitalisation, as of Aug 16, 2026). Per share that is $22.29; our models calculate a fair value of $20.69 per share.
What do the bullish and bearish scenarios say about BTT?
Our models span a range for Blackrock Municipal Target Term Closed Fund: cautious scenario $15.52, base $20.69, optimistic $25.87 per share (as of Aug 16, 2026, price $22.29). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of BTT?
Blackrock Municipal Target Term Closed Fund trades at a price-to-earnings ratio of 16.2 (as of Aug 16, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $20.69 is built from several models across several years. Other multiples: P/B 0.9, P/S 17.4, EV/EBITDA 32.8.
How solid is the balance sheet of Blackrock Municipal Target Term Closed Fund (BTT)?
Balance-sheet figures for Blackrock Municipal Target Term Closed Fund (as of Aug 16, 2026): return on equity 5.3%, debt of 0.48 per unit of equity. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is BTT from its 52-week high?
Blackrock Municipal Target Term Closed Fund trades at $22.29, about 4% below its 52-week high of $23.10 and 6% above the low of $20.98 (as of Aug 16, 2026). Distance from the high says nothing about value: that is what the fair value of $20.69 is for.
Which stocks are comparable to Blackrock Municipal Target Term Closed Fund?
From the same area (Financial Services) we also value Blackstone Inc, Investor AB, Brookfield Corporation, KKR & Co, 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 Municipal Target Term Closed Fund stock attractive at the current price?
The data as of Aug 16, 2026: price $22.29, calculated fair value $20.69 (−7%), Quality Score 64/100, from 2 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 BTT calculated?
We run Blackrock Municipal Target Term Closed Fund through 2 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 $20.69, 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 31.6 % above its aggregate fair value. Blackrock Municipal Target Term Closed Fund 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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