Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, BlackRock's Enterprise Value is $112,569 Mil.
BlackRock's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was $7,839 Mil. Therefore, BlackRock's EV-to-EBIT ratio for today is 14.36.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, BlackRock's Enterprise Value is $112,569 Mil.
BlackRock's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was $8,198 Mil. Therefore, BlackRock's EV-to-EBITDA ratio for today is 13.73.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, BlackRock's Enterprise Value is $112,569 Mil.
BlackRock's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was $18,344 Mil. Therefore, BlackRock's EV-to-Revenue ratio for today is 6.14.
BlackRock Enterprise Value Historical Data
The historical data trend for BlackRock's Enterprise Value can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of BlackRock's Enterprise Value
For the Asset Management subindustry, BlackRock's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
BlackRock's Enterprise Value Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Enterprise Value distribution charts can be found below:
* The bar in red indicates where BlackRock's Enterprise Value falls into.
BlackRock Enterprise Value Calculation
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
BlackRock's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock (NYSE:BLK) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
BlackRock's current Enterprise Value is $112,569 Mil.
BlackRock's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $7,839 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
BlackRock's current Enterprise Value is $112,569 Mil.
BlackRock's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $8,198 Mil.
BlackRock's current Enterprise Value is $112,569 Mil.
BlackRock's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $18,344 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
BlackRock Enterprise Value Related Terms
Thank you for viewing the detailed overview of BlackRock's Enterprise Value provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around two thirds of long-term AUM, with the company's ETF platform maintaining a leading market share domestically and on a global basis. Product distribution is weighted more toward institutional clients, which by our calculations account for around 80% of AUM. BlackRock is also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
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