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The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
BlackRock Forward PE Ratio Related Terms
BlackRock Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for BlackRock's Forward PE Ratio 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 Forward PE Ratio Chart
BlackRock Annual Data
Trend
2015-12
2016-12
2017-12
2018-12
2019-12
2020-12
Forward PE Ratio
16.50
17.48
19.46
13.35
16.13
15.48
BlackRock Quarterly Data
2015-12
2016-03
2016-09
2016-12
2017-03
2017-06
2017-09
2017-12
2018-03
2018-06
2018-09
2018-12
2019-03
2019-06
2019-09
2019-12
2020-03
2020-06
2020-09
2020-12
2021-03
2026-03
2026-06
Forward PE Ratio
16.50
13.21
14.86
17.48
17.89
19.72
17.12
19.46
19.16
17.99
15.67
13.35
15.60
16.45
15.70
16.13
15.29
19.01
15.80
15.48
13.74
18.29
18.71
XSWX:BLK vs BX, KKR, APO: Forward PE Ratio Comparison
For the Asset Management subindustry, BlackRock's Forward PE Ratio, along with its competitors' market caps and Forward 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 Forward PE Ratio vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where BlackRock's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
BlackRock (XSWX:BLK) has a Forward PE Ratio of 19.50 as of Jul. 21, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on BlackRock and its competitors. According to the industry distribution chart, BlackRock ranks #269 out of 325 companies in the Asset Management industry, placing it in the top 82.8%.
Is BlackRock's Forward PE Ratio too high?
BlackRock's current Forward PE Ratio is 19.50. The Asset Management industry median Forward PE Ratio is 11.04. BlackRock's value of 19.50 is 76.6% above this industry median. Based on the distribution chart, BlackRock ranks #269 out of 325 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 Forward PE Ratio compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #269 out of 325 companies for Forward PE Ratio. This places BlackRock in the lower half of its industry. The industry median Forward PE Ratio is 11.04. BlackRock's value of 19.50 is 76.6% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for an Asset Management company?
The median Forward PE Ratio among Asset Management companies is 11.04, based on 325 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current Forward PE Ratio of 19.50 is 76.6% 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 Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on BlackRock and its competitors. For the Asset Management industry, the median Forward PE Ratio is 11.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current Forward PE Ratio is 19.50. 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 CHF947.71, compared to a current price of CHF867.90 — trading 8.4% below its estimated fair value. The current Forward PE Ratio is 19.50 and 76.6% above the Asset Management industry median of 11.04. BlackRock's overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current Forward PE Ratio is 19.50 as of Jul. 21, 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 CHF867.90 is trading 8.4% below its estimated GF Value™ of CHF947.71.
GuruFocus considers BlackRock to be Fairly Valued.
Key valuation signals for XSWX:BLK:
Forward PE Ratio: 19.50
GF Value™: CHF947.71 vs. price of CHF867.90 (8.4% below fair value)
Industry Position: 76.6% above the Asset Management median (#269 of 325)
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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