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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
BlackRockXSWX:BLK -0.46%80 Net Cash per Share is CHF-534.63 as of Jun. 2026. GuruFocus rates XSWX:BLK with a GF Score™ of 80/100 and a GF Value™ of CHF975.14 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 447 Asset Management companies, BlackRock ranks worse than 223713.42% on this metric.
The historical rank and industry rank for BlackRock's Net Cash per Share or its related term are showing as below:
XSWX:BLK's Price-to-Net-Cash is not ranked *
in the Asset Management industry.
Industry Median: 7.05 * Ranked among companies with meaningful Price-to-Net-Cash only.
BlackRock (XSWX:BLK) Net Cash per Share Explanation
Ben Graham invested in situations where the company's stock price was lower than its net-cash. He assigned some value to the company's other current asset. The value is called Net Current Asset Value (NCAV). One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.
You can find companies that are traded below their Net Current Asset Value (NCAV) with our Net-Net screener.
BlackRock Net Cash per Share Related Terms
BlackRock Net Cash per Share Historical Data
* Premium members only.
The historical data trend for BlackRock's Net Cash per Share 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.
XSWX:BLK vs BX, KKR, APO: Net Cash per Share Comparison
For the Asset Management subindustry, BlackRock's Price-to-Net-Cash, along with its competitors' market caps and Price-to-Net-Cash 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 Price-to-Net-Cash vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's Price-to-Net-Cash distribution charts can be found below:
* The bar in red indicates where BlackRock's Price-to-Net-Cash falls into.
In the calculation of a company's Net Cash per Share, assets other than cash and short term investments are considered to be worth nothing. But the company has to pay its debt and other liabilities in full. This is an extremely conservative way of valuation. Most companies have negative Net Cash per Share. But sometimes a company's price may be lower than its net-cash.
BlackRock's Net Cash per Share for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
What does a Net Cash per Share of CHF-534.63 mean?
BlackRock (XSWX:BLK) has a Net Cash per Share of CHF-534.63 as of Jun. 2026. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on BlackRock and its competitors. According to the industry distribution chart, BlackRock ranks #999999 out of 447 companies in the Asset Management industry.
Is BlackRock's Net Cash per Share too high?
BlackRock's current Net Cash per Share is CHF-534.63. Based on the distribution chart, BlackRock ranks #999999 out of 447 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, BlackRock has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does BlackRock's Net Cash per Share compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #999999 out of 447 companies for Net Cash per Share. This places BlackRock in the lower half of its industry. The industry median Net Cash per Share is 7.05. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Cash per Share for an Asset Management company?
The median Net Cash per Share among Asset Management companies is 7.05, based on 447 companies in the industry. Companies in the top quartile (top 25%) have a Net Cash per Share significantly above this median, while those in the bottom quartile fall well below. However, Net Cash per Share 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 Net Cash per Share mean?
A high Net Cash per Share can signal that a stock is expensive relative to its fundamentals. Net cash per share equals the per-share value of cash and equivalents less total liabilities and minority interest. View historical data on BlackRock and its competitors. For the Asset Management industry, the median Net Cash per Share is 7.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current Net Cash per Share is CHF-534.63. 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 Modestly Undervalued. The stock's GF Value™ is CHF975.14, compared to a current price of CHF862.40 — trading 11.6% below its estimated fair value. The current Net Cash per Share is CHF-534.63. BlackRock's overall GF Score™ is 80/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Cash per Share calculated?
Net Cash per Share is calculated from a company's financial statements. For BlackRock (XSWX:BLK), the current Net Cash per Share is CHF-534.63 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 CHF862.40 is trading 11.6% below its estimated GF Value™ of CHF975.14.
GuruFocus considers BlackRock to be Modestly Undervalued.
Key valuation signals for XSWX:BLK:
Net Cash per Share: CHF-534.63
GF Value™: CHF975.14 vs. price of CHF862.40 (11.6% 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.
80GF Score
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