BlackRock BLK
- Market cap
- $174.4B
- P/E
- 25.6×
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BlackRock (BLK) EV/EBITDA
As of 25 September 2026, BlackRock (BLK) trades at a EV/EBITDA of 17.1×. Over the past ten years it has ranged from 11.4× (March 2020) to 23.3× (September 2025); the current reading is higher than 30% of that period. That is above the Asset Management industry median of 10.3× and above the Financial sector median of 9.5×.
EV/EBITDA, daily
Annual
| Period | EV/EBITDA | Change |
|---|---|---|
| FY2025 | 21.4× | 8.97% |
| FY2024 | 19.7× | 6.98% |
| FY2023 | 18.4× | 11.23% |
| FY2022 | 16.5× | (10.06%) |
| FY2021 | 18.4× | (11.61%) |
| FY2020 | 20.8× | 29.31% |
| FY2019 | 16.1× | 11.17% |
| FY2018 | 14.5× | (24.10%) |
| FY2017 | 19.1× | 1.91% |
| FY2016 | 18.7× | 6.97% |
Quarterly
| Period | EV/EBITDA | Change |
|---|---|---|
| Jun 2026 | 15.2× | (9.28%) |
| Mar 2026 | 16.8× | (21.77%) |
| Dec 2025 | 21.4× | (4.87%) |
| Sep 2025 | 22.5× | 7.75% |
| 42 more quarters | Free account |
Against its own ten years
EV/EBITDA against peers
| Company | EV/EBITDA |
|---|---|
| NTRS Northern Trust Corporation compare | n/m |
| STT State Street Corporation compare | n/m |
| AMP Ameriprise Financial, Inc. compare | 6.3× |
| APO Apollo Global Management Inc. compare | 6.6× |
| BX Blackstone Inc. compare | 12.9× |
| BLK BlackRock | 17.1× |
| BAM Brookfield Asset Management Ltd. compare | 20.4× |
| ARES Ares Management Corporation compare | 30.4× |
| KKR KKR & Co. Inc. compare | 69.8× |
| Asset Management industry median | 10.3× |
| Financial sector median | 9.5× |
| Market median | 11.0× |
What EV/EBITDA is
Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)
More on BLK
- Revenue
- Net income
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement