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BlackRockXSWX:BLK +1.84%92 EV-to-EBITDA is 18.82 as of Aug. 04, 2026, which is 27% above its 10-year median of 14.86. GuruFocus rates XSWX:BLK with a GF Score™ of 92/100 and a GF Value™ of CHF928.46 (Fairly Valued). The stock has 8 warning signs investors should review. Among 512 Asset Management companies, BlackRock ranks worse than 75.2% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, BlackRock's enterprise value is CHF147,774 Mil.
BlackRock's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was CHF7,854 Mil. Therefore, BlackRock's EV-to-EBITDA for today is 18.82.
The historical rank and industry rank for BlackRock's EV-to-EBITDA or its related term are showing as below:
XSWX:BLK'
s EV-to-EBITDA Range Over the Past 10 Years
Min: 9.13 Med: 14.86 Max: 21.24
Current: 18.53
During the past 13 years, the highest EV-to-EBITDA of BlackRock was 21.24. The lowest was 9.13. And the median was 14.86.
XSWX:BLK's EV-to-EBITDA is ranked worse than 75.2% of 512
companies
in the Asset Management industry
Industry Median: 8.735
vs XSWX:BLK: 18.53
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
BlackRock's share price for today is CHF897.90.
BlackRock's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF33.229.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for BlackRock's EV-to-EBITDA 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 EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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 EV-to-EBITDA vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where BlackRock's EV-to-EBITDA falls into.
BlackRock's current Enterprise Value is CHF147,774 Mil.
BlackRock's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF7,854 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 (XSWX:BLK) has a EV-to-EBITDA of 18.82 as of Aug. 04, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on BlackRock. This is 27% above median its historical median of 14.86. Over the past decade, BlackRock's EV-to-EBITDA has ranged from 9.13 to 21.24. According to the industry distribution chart, BlackRock ranks #385 out of 512 companies in the Asset Management industry, placing it in the top 75.2%.
Is BlackRock's EV-to-EBITDA too high?
BlackRock's current EV-to-EBITDA of 18.82 is 27% above median its 10-year median of 14.86. Over the past 10 years, this metric has ranged from a low of 9.13 to a high of 21.24. The Asset Management industry median EV-to-EBITDA is 8.74. BlackRock's value of 18.82 is 115.5% above this industry median. Based on the distribution chart, BlackRock ranks #385 out of 512 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's EV-to-EBITDA compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #385 out of 512 companies for EV-to-EBITDA. This places BlackRock in the lower half of its industry. The industry median EV-to-EBITDA is 8.74. BlackRock's value of 18.82 is 115.5% above this benchmark. Historically, BlackRock's own EV-to-EBITDA has ranged from 9.13 to 21.24 over the past decade. While the company's 10-year median is 14.86 vs. the industry median of 8.74, BlackRock has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for an Asset Management company?
The median EV-to-EBITDA among Asset Management companies is 8.74, based on 512 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current EV-to-EBITDA of 18.82 is 115.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on BlackRock. For the Asset Management industry, the median EV-to-EBITDA is 8.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current EV-to-EBITDA is 18.82, which is 27% above median its own 10-year median of 14.86. 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 CHF928.46, compared to a current price of CHF897.90 — trading 3.3% below its estimated fair value. The current EV-to-EBITDA is 18.82, which is 27% above median its 10-year median of 14.86 and 115.5% above the Asset Management industry median of 8.74. BlackRock's overall GF Score™ is 92/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current EV-to-EBITDA is 18.82 as of Aug. 04, 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 CHF897.90 is trading 3.3% below its estimated GF Value™ of CHF928.46.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
EV-to-EBITDA: 18.82 (27% above median its 10-year median of 14.86)
GF Value™: CHF928.46 vs. price of CHF897.90 (3.3% below fair value)
Industry Position: 115.5% above the Asset Management median (#385 of 512)
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.
92GF Score
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