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BlackRockXSWX:BLK +0.72%90 EV-to-OCF is 49.07 as of Aug. 16, 2026, which is 74% above its 10-year median of 28.28. GuruFocus rates XSWX:BLK with a GF Score™ of 90/100 and a GF Value™ of CHF960.84 (Fairly Valued). The stock has 8 warning signs investors should review. Among 1,506 Asset Management companies, BlackRock ranks worse than 89.44% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, BlackRock's Enterprise Value is CHF154,536 Mil.
BlackRock's Cash Flow from Operations for the trailing twelve months (TTM) ended in Jun. 2026 was CHF3,149 Mil. Therefore, BlackRock's EV-to-OCF for today is 49.07.
The historical rank and industry rank for BlackRock's EV-to-OCF or its related term are showing as below:
XSWX:BLK'
s EV-to-OCF Range Over the Past 10 Years
Min: 14.87 Med: 28.28 Max: 51.11
Current: 48.2
During the past 13 years, the highest EV-to-OCF of BlackRock was 51.11. The lowest was 14.87. And the median was 28.28.
XSWX:BLK's EV-to-OCF is ranked worse than 89.44% of 1506
companies
in the Asset Management industry
Industry Median: 5.85
vs XSWX:BLK: 48.20
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. 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 CHF952.80.
BlackRock's Earnings per Share (Diluted) 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 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
BlackRock EV-to-OCF Related Terms
BlackRock EV-to-OCF Historical Data
* Premium members only.
The historical data trend for BlackRock's EV-to-OCF 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-OCF, along with its competitors' market caps and EV-to-OCF 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-OCF vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where BlackRock's EV-to-OCF falls into.
BlackRock's current Enterprise Value is CHF154,536 Mil.
BlackRock's Cash Flow from Operations 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 CHF3,149 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-OCF of 49.07 as of Aug. 16, 2026. This is 74% above median its historical median of 28.28. Over the past decade, BlackRock's EV-to-OCF has ranged from 14.87 to 51.11. According to the industry distribution chart, BlackRock ranks #1347 out of 1506 companies in the Asset Management industry, placing it in the top 89.4%.
Is BlackRock's EV-to-OCF too high?
BlackRock's current EV-to-OCF of 49.07 is 74% above median its 10-year median of 28.28. Over the past 10 years, this metric has ranged from a low of 14.87 to a high of 51.11. The Asset Management industry median EV-to-OCF is 5.85. BlackRock's value of 49.07 is 738.8% above this industry median. Based on the distribution chart, BlackRock ranks #1347 out of 1506 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock has a GF Score™ of 90/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's EV-to-OCF compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #1347 out of 1506 companies for EV-to-OCF. This places BlackRock in the lower half of its industry. The industry median EV-to-OCF is 5.85. BlackRock's value of 49.07 is 738.8% above this benchmark. Historically, BlackRock's own EV-to-OCF has ranged from 14.87 to 51.11 over the past decade. While the company's 10-year median is 28.28 vs. the industry median of 5.85, 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-OCF for an Asset Management company?
The median EV-to-OCF among Asset Management companies is 5.85, based on 1,506 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current EV-to-OCF of 49.07 is 738.8% 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-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median EV-to-OCF is 5.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current EV-to-OCF is 49.07, which is 74% above median its own 10-year median of 28.28. 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 CHF960.84, compared to a current price of CHF952.80 — trading 0.8% below its estimated fair value. The current EV-to-OCF is 49.07, which is 74% above median its 10-year median of 28.28 and 738.8% above the Asset Management industry median of 5.85. BlackRock's overall GF Score™ is 90/100 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-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current EV-to-OCF is 49.07 as of Aug. 16, 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 CHF952.80 is trading 0.8% below its estimated GF Value™ of CHF960.84.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
EV-to-OCF: 49.07 (74% above median its 10-year median of 28.28)
GF Value™: CHF960.84 vs. price of CHF952.80 (0.8% below fair value)
Industry Position: 738.8% above the Asset Management median (#1347 of 1506)
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.
90GF Score
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