BlackRock (CHIX:UU2D) ROCE %: 7.12% (As of Mar. 2026)

What is BlackRock ROCE %?

BlackRock CHIX:UU2D 93 ROCE % is 7.12% as of Mar. 2026. GuruFocus rates CHIX:UU2D with a GF Score™ of 93/100 and a GF Value™ of €885.06. The stock has 6 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. BlackRock's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.12%.

BlackRock (CHIX:UU2d) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

BlackRock ROCE % Related Terms

BlackRock ROCE % Historical Data

* Premium members only.

The historical data trend for BlackRock's ROCE % 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 ROCE % Chart

BlackRock Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROCE %

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5.32

5.04

6.16

6.95

5.12

BlackRock Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROCE %	Get a 7-Day Free Trial															5.48	6.59	5.53	4.25	7.12

93GF Score

BlackRock Inc CHIX:UU2D

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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BlackRock ROCE % Calculation

BlackRock's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2025 )		(A: Dec. 2024 )		(A: Dec. 2025 )
	=	7030.982	/	( ( (132377.325 - 1466.88)	+	(145178.292 - 1485.96) )	/ 2 )
	=	7030.982	/	( (130910.445	+	143692.332)	/ 2 )
	=	7030.982	/	137301.3885
	=	5.12 %

BlackRock's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2026 )		(Q: Dec. 2025 )		(Q: Mar. 2026 )
	=	10296.96	/	( ( (145178.292 - 1485.96)	+	(147255.005 - 1813.905) )	/ 2 )
	=	10296.96	/	( ( 143692.332	+	145441.1 )	/ 2 )
	=	10296.96	/	144566.716
	=	7.12 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 7.12% mean?

BlackRock (CHIX:UU2D) has a ROCE % of 7.12% as of Mar. 2026.

Is BlackRock's ROCE % too high?

BlackRock's current ROCE % is 7.12%. The Asset Management industry median ROCE % is 4.46. BlackRock's value of 7.12% is 59.6% above this industry median. Overall, BlackRock has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.

How does BlackRock's ROCE % compare to BX and KKR?

BlackRock's ROCE % of 7.12% can be compared against companies in the Asset Management industry. The industry median ROCE % is 4.46. BlackRock's value of 7.12% is 59.6% 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 ROCE % for an Asset Management company?

The median ROCE % among Asset Management companies is 4.46, based on 707 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current ROCE % of 7.12% is 59.6% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Asset Management industry, the median ROCE % is 4.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current ROCE % is 7.12%. 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?

BlackRock (CHIX:UU2D) has a current ROCE % of 7.12%. The stock's GF Value™ is €885.06, compared to a current price of €793.50 — trading 10.3% below its estimated fair value. The current ROCE % is 7.12% and 59.6% above the Asset Management industry median of 4.46. BlackRock's overall GF Score™ is 93/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For BlackRock (CHIX:UU2D), the current ROCE % is 7.12% as of Mar. 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 (CHIX:UU2D) Overvalued in 2026?

Based on GuruFocus' analysis, BlackRock stock appears to be undervalued. The current stock price of €793.50 is trading 10.3% below its estimated GF Value™ of €885.06.

Key valuation signals for CHIX:UU2D:

ROCE %: 7.12%
GF Value™: €885.06 vs. price of €793.50 (10.3% below fair value)
GF Score™: 93/100 with 6 warning signs
Industry Position: 59.6% above the Asset Management median

No single metric tells the full story. See the CHIX:UU2D stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BlackRock Business Description

Industry Financial Services Asset Management

Comparable Companies BX KKR APO STT AMP NTRS ARES RJF TROW PFG OSTO:INVE A TSX:BN TSX:BAM OSTO:EQT LSE:III XSWX:PGHN OSTO:INDU A LSE:SMT LSE:LGEN XPAR:AMUN

Other Exchanges BLK:USA BLK:Peru BLK:Mexico 1BLK:Italy 0QZZ:UK UU2:Germany BLK:Canada BLAK34:Brazil

Address 50 Hudson Yards, New York, NY, USA, 10001

Website https://www.blackrock.com

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.

93GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€793.50

Price

€885.06

GF Value

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