BlackRockWBO:BLK2 -4.44%93 ROE % is 15.82% as of Mar. 2026, which is 13% above its 10-year median of 14.00. GuruFocus rates WBO:BLK2 with a GF Score™ of 93/100 and a GF Value™ of €1,002.11. The stock has 6 warning signs investors should review. Among 1,615 Asset Management companies, BlackRock ranks better than 68.17% on this metric.
ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BlackRock's annualized net income for the quarter that ended in Mar. 2026 was €7,654 Mil. BlackRock's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was €48,382 Mil. Therefore, BlackRock's annualized ROE % for the quarter that ended in Mar. 2026 was 15.82%.
The historical rank and industry rank for BlackRock's ROE % or its related term are showing as below:
WBO:BLK2'
s ROE % Range Over the Past 10 Years
Min: 10.74 Med: 14 Max: 16.26
Current: 11.79
During the past 13 years, BlackRock's highest ROE % was 16.26%. The lowest was 10.74%. And the median was 14.00%.
WBO:BLK2's ROE % is ranked better than 68.17% of 1615
companies
in the Asset Management industry
Industry Median: 6.35
vs WBO:BLK2: 11.79
BlackRock (WBO:BLK2) ROE % Explanation
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
BlackRock ROE % Related Terms
BlackRock ROE % Historical Data
* Premium members only.
The historical data trend for BlackRock's ROE % 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 ROE %, along with its competitors' market caps and ROE % 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 ROE % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, BlackRock's ROE % distribution charts can be found below:
* The bar in red indicates where BlackRock's ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
BlackRock (WBO:BLK2) has a ROE % of 15.82% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BlackRock and its competitors. This is 13% above median its historical median of 14.00. Over the past decade, BlackRock's ROE % has ranged from 10.74 to 16.26. According to the industry distribution chart, BlackRock ranks #514 out of 1615 companies in the Asset Management industry, placing it in the top 31.8%.
Is BlackRock's ROE % too high?
BlackRock's current ROE % of 15.82% is 13% above median its 10-year median of 14.00. Over the past 10 years, this metric has ranged from a low of 10.74 to a high of 16.26. The Asset Management industry median ROE % is 6.35. BlackRock's value of 15.82% is 149.1% above this industry median. Based on the distribution chart, BlackRock ranks #514 out of 1615 companies in the Asset Management industry, which is above the industry midpoint. Overall, BlackRock has a GF Score™ of 93/100, reflecting its overall financial health beyond just this single metric.
How does BlackRock's ROE % compare to BX and KKR?
According to the Asset Management industry distribution chart, BlackRock ranks #514 out of 1615 companies for ROE %. This puts BlackRock in the upper half of its industry. The industry median ROE % is 6.35. BlackRock's value of 15.82% is 149.1% above this benchmark. Historically, BlackRock's own ROE % has ranged from 10.74 to 16.26 over the past decade. While the company's 10-year median is 14.00 vs. the industry median of 6.35, 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 ROE % for an Asset Management company?
The median ROE % among Asset Management companies is 6.35, based on 1,615 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackRock's current ROE % of 15.82% is 149.1% 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BlackRock and its competitors. For the Asset Management industry, the median ROE % is 6.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackRock's current ROE % is 15.82%, which is 13% above median its own 10-year median of 14.00. 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 (WBO:BLK2) has a current ROE % of 15.82%. The stock's GF Value™ is €1,002.11, compared to a current price of €869.20 — trading 13.3% below its estimated fair value. The current ROE % is 15.82%, which is 13% above median its 10-year median of 14.00 and 149.1% above the Asset Management industry median of 6.35. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For BlackRock (WBO:BLK2), the current ROE % is 15.82% 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 (WBO:BLK2) Overvalued in 2026?
Based on GuruFocus' analysis, BlackRock stock appears to be undervalued.
The current stock price of €869.20 is trading 13.3% below its estimated GF Value™ of €1,002.11.
Key valuation signals for WBO:BLK2:
ROE %: 15.82% (13% above median its 10-year median of 14.00)
GF Value™: €1,002.11 vs. price of €869.20 (13.3% below fair value)
Industry Position: 149.1% above the Asset Management median (#514 of 1615)
No single metric tells the full story. See the WBO:BLK2 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.
93GF Score
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