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BlackRock (MEX:BLK) E10 : MXN736.55 (As of Dec. 2024)


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What is BlackRock E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

BlackRock's adjusted earnings per share data for the three months ended in Dec. 2024 was MXN221.696. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is MXN736.55 for the trailing ten years ended in Dec. 2024.

During the past 12 months, BlackRock's average E10 Growth Rate was 7.90% per year. During the past 3 years, the average E10 Growth Rate was 9.50% per year. During the past 5 years, the average E10 Growth Rate was 11.60% per year. During the past 10 years, the average E10 Growth Rate was 13.50% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of BlackRock was 23.00% per year. The lowest was 9.50% per year. And the median was 15.65% per year.

As of today (2025-03-03), BlackRock's current stock price is MXN19700.00. BlackRock's E10 for the quarter that ended in Dec. 2024 was MXN736.55. BlackRock's Shiller PE Ratio of today is 26.75.

During the past 13 years, the highest Shiller PE Ratio of BlackRock was 38.00. The lowest was 16.92. And the median was 26.99.


BlackRock E10 Historical Data

The historical data trend for BlackRock's E10 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.

* Premium members only.

BlackRock E10 Chart

BlackRock Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 453.97 556.30 599.94 555.44 736.55

BlackRock Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
E10 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 555.44 558.97 636.63 674.01 736.55

Competitive Comparison of BlackRock's E10

For the Asset Management subindustry, BlackRock's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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's Shiller PE Ratio Distribution in the Asset Management Industry

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

* The bar in red indicates where BlackRock's Shiller PE Ratio falls into.



BlackRock E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Dec. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=221.696/133.1571*133.1571
=221.696

Current CPI (Dec. 2024) = 133.1571.

BlackRock Quarterly Data

per share eps CPI Adj_EPS
201503 73.491 99.621 98.231
201506 75.637 100.684 100.032
201509 84.152 100.392 111.617
201512 87.515 99.792 116.775
201603 67.209 100.470 89.075
201606 87.124 101.688 114.086
201609 101.298 101.861 132.421
201612 105.342 101.863 137.705
201703 97.707 102.862 126.484
201706 93.619 103.349 120.621
201709 104.114 104.136 133.129
201712 274.049 104.011 350.843
201803 120.874 105.290 152.866
201806 129.559 106.317 162.267
201809 140.472 106.507 175.621
201812 113.036 105.998 141.999
201903 127.708 107.251 158.556
201906 122.637 108.070 151.106
201909 140.591 108.329 172.813
201912 155.724 108.420 191.254
202003 120.274 108.902 147.063
202006 180.470 108.767 220.938
202009 195.163 109.815 236.647
202012 198.521 109.897 240.539
202103 158.191 111.754 188.487
202106 176.851 114.631 205.432
202109 223.024 115.734 256.598
202112 217.192 117.630 245.862
202203 186.168 121.301 204.364
202206 142.033 125.017 151.281
202209 186.064 125.227 197.847
202212 161.622 125.222 171.864
202303 137.711 127.348 143.993
202306 155.324 128.729 160.667
202309 185.685 129.860 190.400
202312 155.314 129.419 159.800
202403 173.929 131.776 175.752
202406 183.018 132.554 183.851
202409 214.624 133.029 214.831
202412 221.696 133.157 221.696

Add all the adjusted EPS together and divide 10 will get our e10.


BlackRock  (MEX:BLK) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

BlackRock's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=19700.00/736.55
=26.75

* 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 Shiller P/E Ratio of BlackRock was 38.00. The lowest was 16.92. And the median was 26.99.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


BlackRock E10 Related Terms

Thank you for viewing the detailed overview of BlackRock's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


BlackRock Business Description

Address
50 Hudson Yards, New York, NY, USA, 10001
BlackRock is the largest asset manager in the world, with $11.475 trillion in assets under management at the end of September 2024. Its product mix is fairly diverse, with 55% of managed assets in equity strategies, 26% in fixed income, 9% in multi-asset classes, 7% 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 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.