BlackRock (MEX:BLK) Cyclically Adjusted Revenue per Share: MXN2,372.31 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:BLK BlackRock Inc MEX:BLK
77 GF Score
Price MXN18,626.00
GF Value MXN20,779.02
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is BlackRock Cyclically Adjusted Revenue per Share?

BlackRock MEX:BLK 77 Cyclically Adjusted Revenue per Share is MXN2,372.31 as of Mar. 2026. GuruFocus rates MEX:BLK with a GF Score™ of 77/100 and a GF Value™ of MXN20,779.02 (Modestly Undervalued). The stock has 7 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

BlackRock's adjusted revenue per share for the three months ended in Mar. 2026 was MXN732.018. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is MXN2,372.31 for the trailing ten years ended in Mar. 2026.

During the past 12 months, BlackRock's average Cyclically Adjusted Revenue Growth Rate was 8.80% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of BlackRock was 17.70% per year. The lowest was 7.50% per year. And the median was 11.80% per year.

As of today (2026-07-27), BlackRock's current stock price is MXN18626.00. BlackRock's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN2,372.31. BlackRock's Cyclically Adjusted PS Ratio of today is 7.85.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of BlackRock was 11.29. The lowest was 4.93. And the median was 7.46.


BlackRock  (MEX:BLK) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

BlackRock's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18626.00/2372.31
=7.85

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of BlackRock was 11.29. The lowest was 4.93. And the median was 7.46.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


BlackRock Cyclically Adjusted Revenue per Share Related Terms


BlackRock Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for BlackRock's Cyclically Adjusted Revenue per Share 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.

BlackRock Cyclically Adjusted Revenue per Share Chart

BlackRock Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,851.26 1,988.09 1,830.77 2,435.33 2,285.21

BlackRock Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,285.72 2,216.90 2,285.21 2,372.31 0.00

MEX:BLK vs BX, KKR, APO: Cyclically Adjusted Revenue per Share Comparison

For the Asset Management subindustry, BlackRock's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where BlackRock's Cyclically Adjusted PS Ratio falls into.


MEX:BLK
77GF Score
BlackRock Inc MEX:BLK
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackRock Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, BlackRock's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=732.018/330.2130*330.2130
=732.018

Current CPI (Mar. 2026) = 330.2130.

BlackRock Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 309.940 241.018 424.641
201609 328.621 241.428 449.471
201612 494.205 241.432 675.937
201703 351.740 243.801 476.410
201706 354.920 244.955 478.452
201709 387.173 246.819 517.989
201712 446.787 246.524 598.460
201803 397.954 249.554 526.578
201806 435.079 251.989 570.139
201809 412.829 252.439 540.018
201812 416.162 251.233 546.991
201903 405.691 254.202 527.000
201906 431.190 256.143 555.879
201909 464.027 256.759 596.777
201912 473.781 256.974 608.811
202003 553.931 258.115 708.658
202006 542.084 257.797 694.357
202009 625.263 260.280 793.261
202012 583.663 260.474 739.932
202103 580.293 264.877 723.431
202106 618.861 271.696 752.149
202109 670.269 274.310 806.866
202112 686.669 278.802 813.291
202203 609.404 287.504 699.932
202206 597.264 296.311 665.599
202209 570.498 296.808 634.706
202212 556.416 296.797 619.062
202303 505.486 301.836 553.009
202306 507.587 305.109 549.351
202309 523.377 307.789 561.508
202312 523.612 306.746 563.670
202403 522.765 312.332 552.693
202406 588.195 314.175 618.221
202409 683.986 315.301 716.335
202412 753.780 315.605 788.669
202503 689.115 319.799 711.555
202506 653.492 322.561 668.995
202509 722.875 324.800 734.922
202512 762.883 324.054 777.382
202603 732.018 330.213 732.018

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of MXN2,372.31 mean?
BlackRock (MEX:BLK) has a Cyclically Adjusted Revenue per Share of MXN2,372.31 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on BlackRock and its competitors.
Is BlackRock's Cyclically Adjusted Revenue per Share too high?
BlackRock's current Cyclically Adjusted Revenue per Share is MXN2,372.31. Overall, BlackRock has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Cyclically Adjusted Revenue per Share compare to BX and KKR?
BlackRock's Cyclically Adjusted Revenue per Share of MXN2,372.31 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Asset Management company?
A good Cyclically Adjusted Revenue per Share depends on the Asset Management industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on BlackRock and its competitors. BlackRock's current Cyclically Adjusted Revenue per Share is MXN2,372.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackRock stock overvalued right now?
Based on GuruFocus' analysis, BlackRock (MEX:BLK) is currently considered Modestly Undervalued. The stock's GF Value™ is MXN20,779.02, compared to a current price of MXN18,626.00 — trading 10.4% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN2,372.31. BlackRock's overall GF Score™ is 77/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For BlackRock (MEX:BLK), the current Cyclically Adjusted Revenue per Share is MXN2,372.31 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BlackRock (MEX:BLK) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRock stock appears to be undervalued. The current stock price of MXN18,626.00 is trading 10.4% below its estimated GF Value™ of MXN20,779.02. GuruFocus considers BlackRock to be Modestly Undervalued.

Key valuation signals for MEX:BLK:

  • Cyclically Adjusted Revenue per Share: MXN2,372.31
  • GF Value™: MXN20,779.02 vs. price of MXN18,626.00 (10.4% below fair value)
  • GF Score™: 77/100 with 7 warning signs

No single metric tells the full story. See the MEX:BLK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackRock Business Description

Address 50 Hudson Yards, New York, NY, USA, 10001
BlackRock is the largest asset manager in the world, with $14.041 trillion in assets under management at the end of December 2025. Its product mix is diverse, with 55% of managed assets in equity strategies, 23% in fixed income, 9% in multi-asset classes, 6% in money market funds, and 5% in alternatives. Passive strategies account for more than 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 geographically diverse, with clients in more than 100 countries and more than one-third of managed assets coming from investors domiciled outside the US and Canada.
77GF Score

Get the complete analysis for MEX:BLK

Cyclically Adjusted Revenue per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN18,626.00
Price
MXN20,779.02
GF Value