---
title: BlackRock (BLK) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/blk
ticker: BLK
as_of: 2026-10-17
sector: Financial Services
industry: Asset Management
---
# BlackRock (BLK)

BlackRock (BLK) closed at $1,134.38 on Oct 16, 2026, overvalued by 23% vs its model value of $921.27 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $1,134.38 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $921.27 |
| Price vs model | overvalued by 23% vs model |
| Range of that model | $792.72 – $1,949.67 |
| Market value | $175.7B |
| P/E (fiscal 2025) | 32.1 |
| Net margin (fiscal 2025) | 22.9% |
| Free cash flow (fiscal 2025) | $3.6B |
| Dividend yield (trailing twelve months) | 1.97% |
| Beta | 1.42 |
| Cost of capital (WACC) | 9.96% |
| Business classification | Mature & Stable (Moderate growth (~16% recent), High profitability (23% net margin), Highly cyclical earnings) |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 1.97% |
| Dividends per share, last 12 months | $22.40 |
| Coverage | — |
| Raised | 16 years in a row |
| Growth over 5 years | 6.9% a year |
| Latest payment | $5.73, ex-date Sep 8, 2026, paid Sep 22, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Sep 3, 2021 | $16.02 |
| To Sep 6, 2022 | $18.77 |
| To Sep 7, 2023 | $19.88 |
| To Sep 9, 2024 | $20.30 |
| To Sep 5, 2025 | $20.73 |
| Trailing twelve months (to Sep 8, 2026) | $22.40 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/E · peers | primary | $921.27 | $792.72 | $1,949.67 |
| P/E · own history | cross check | $1,084.87 | $990.27 | $1,270.82 |
| PEG | sanity check | $1,343.56 | $1,343.56 | $1,343.56 |
| Dividend discount | cross check | $351.02 | $253.43 | $526.82 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Sep 30, 2026 | Freda Fabrizio | Director | Grant / award | 18 | $0 |
| Sep 30, 2026 | Vestberg Hans Erik | Director | Grant / award | 33 | $0 |
| Sep 30, 2026 | Robbins Charles | Director | Grant / award | 27 | $0 |
| Sep 30, 2026 | PECK KRISTIN C | Director | Grant / award | 30 | $0 |
| Sep 30, 2026 | Nixon Gordon M. | Director | Grant / award | 34 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 14, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2012383/000119312526420979/blk-20261014.htm |
| Aug 6, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/2012383/000119312526337177/blk-20260630.htm |
| Jul 15, 2026 | 8-K | 2.02 Results of Operations (Earnings); 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2012383/000119312526304013/blk-20260715.htm |
| Jun 30, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/2012383/000119312526290830/d108689d8k.htm |
| May 22, 2026 | 8-K | 5.07 Submission of Matters to a Shareholder Vote | https://www.sec.gov/Archives/edgar/data/2012383/000119312526237027/d30456d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| ValueAct | 2026-06-30 | 581,700 | $559.3M |
| Thomas Gayner | 2026-06-30 | 220,200 | $211.7M |
| Bill Nygren | 2026-06-30 | 44,575 | $42.9M |
| William Von Mueffling | 2026-06-30 | 20,873 | $20.1M |

7 tracked managers in all.

## About

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks. It also provides global risk management and advisory services. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also launches and manages open-end and closed-end mutual funds, offshore funds, unit trusts, and alternative investment vehicles including structured funds. The firm launches equity, fixed income, balanced, and real estate mutual funds. It also launches equity, fixed income, balanced, currency, commodity, and multi-asset exchange traded…

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Source: https://sweetvaluelab.com/stocks/blk (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.