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BlackRockXSWX:BLK +1.15%89 Earnings Yield (Joel Greenblatt) % is 6.18% as of Jun. 2026, which is 3% below its 10-year median of 6.38. GuruFocus rates XSWX:BLK with a GF Score™ of 89/100 and a GF Value™ of CHF959.33 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,630 Asset Management companies, BlackRock ranks better than 79.08% on this metric.
BlackRock's Enterprise Value for the quarter that ended in Jun. 2026 was CHF126,480 Mil.
BlackRock's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was CHF7,713 Mil. BlackRock's Earnings Yield (Joel Greenblatt) for the quarter that ended in Jun. 2026 was 6.18%.
The historical rank and industry rank for BlackRock's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:BLK'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: 4.14 Med: 6.38 Max: 10.39
Current: 5.17
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of BlackRock was 10.39%. The lowest was 4.14%. And the median was 6.38%.
XSWX:BLK's Earnings Yield (Joel Greenblatt) % is ranked better than 79.08% of 1630
companies
in the Asset Management industry
Industry Median: 0
vs XSWX:BLK: 5.17
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. BlackRock's Forward Rate of Return (Yacktman) % for the quarter that ended in Jun. 2026 was 7.37%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
BlackRock Earnings Yield (Joel Greenblatt) % Related Terms
BlackRock Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for BlackRock's Earnings Yield (Joel Greenblatt) % 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.
For the Asset Management subindustry, BlackRock's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where BlackRock's Earnings Yield (Joel Greenblatt) % falls into.
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
BlackRocks Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
BlackRock's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF7,713 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 6.18% mean?
BlackRock (XSWX:BLK) has a Earnings Yield (Joel Greenblatt) % of 6.18% as of Jun. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on BlackRock and its competitors. This is near median its historical median of 6.38. Over the past decade, BlackRock's Earnings Yield (Joel Greenblatt) % has ranged from 4.14 to 10.39. According to the industry distribution chart, BlackRock ranks #341 out of 1630 companies in the Asset Management industry, placing it in the top 20.9%.
Is BlackRock's Earnings Yield (Joel Greenblatt) % too high?
BlackRock's current Earnings Yield (Joel Greenblatt) % of 6.18% is near median its 10-year median of 6.38. Over the past 10 years, this metric has ranged from a low of 4.14 to a high of 10.39. Based on the distribution chart, BlackRock ranks #341 out of 1630 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, BlackRock has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Earnings Yield (Joel Greenblatt) % compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #341 out of 1630 companies for Earnings Yield (Joel Greenblatt) %. This places BlackRock in the top 21% of its industry — outperforming the majority of peers. Historically, BlackRock's own Earnings Yield (Joel Greenblatt) % has ranged from 4.14 to 10.39 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Earnings Yield (Joel Greenblatt) % for an Asset Management company?
A good Earnings Yield (Joel Greenblatt) % depends on the Asset Management industry context. However, Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on BlackRock and its competitors. BlackRock's current Earnings Yield (Joel Greenblatt) % is 6.18%, which is near median its own 10-year median of 6.38. 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 (XSWX:BLK) is currently considered Fairly Valued. The stock's GF Value™ is CHF959.33, compared to a current price of CHF933.40 — trading 2.7% below its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 6.18%, which is near median its 10-year median of 6.38. BlackRock's overall GF Score™ is 89/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current Earnings Yield (Joel Greenblatt) % is 6.18% as of Jun. 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 (XSWX:BLK) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock stock appears to be undervalued.
The current stock price of CHF933.40 is trading 2.7% below its estimated GF Value™ of CHF959.33.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
Earnings Yield (Joel Greenblatt) %: 6.18% (near median its 10-year median of 6.38)
GF Value™: CHF959.33 vs. price of CHF933.40 (2.7% below fair value)
No single metric tells the full story. See the XSWX:BLK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
89GF Score
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