Pricing Log in Create free account
Friday 6 November 2026 Export BLK’s income statement to Excel — free account

BlackRock

BLK Financial Asset Management

BlackRock’s revenue for fiscal 2025 (year ended December 2025) was $24.2 billion, up 18.7% from fiscal 2024.

Revenue
+19.1%
EPS
+25.5%
Free cash flow
−12.3%
Total debt
−4.19%

Quarter to September 2026, against a year earlier

1,178.77 8.10 +0.69%
Market cap
$190.2B
P/E
26.4×
Fwd P/E
14.8×
Dividend yield
1.90%
F-score
4/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

BlackRock (BLK) P/B ratio

Alert me on P/B ratio

As of 6 November 2026, BlackRock (BLK) trades at a P/B ratio of 2.9×. Over the past ten years it has ranged from 1.5× (March 2020) to 4.0× (August 2021); the current reading is higher than 64% of that period. That is above the Asset Management industry median of 0.9× and above the Financial sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 3.0× (8.36%)
FY2024 3.2× 6.65%
FY2023 3.0× 6.63%
FY2022 2.8× (23.04%)
FY2021 3.7× 17.59%
FY2020 3.1× 34.34%
FY2019 2.3× 20.18%
FY2018 1.9× (25.08%)
FY2017 2.6× 18.89%
FY2016 2.2× 9.95%

Quarterly newest first

Period P/B ratio Change
Sep 2026 2.6× (0.67%)
Jun 2026 2.6× (1.70%)
Mar 2026 2.6× (11.23%)
Dec 2025 3.0× (8.76%)
43 more quarters

Against its own ten years

Low 1.5× High 4.0×
Ten-year median 2.6×
Current reading's percentile 81

P/B ratio against peers

Company P/B ratio
KKR KKR & Co. Inc. compare 1.2×
STT State Street Corporation compare 1.8×
APO Apollo Global Management Inc. compare 2.0×
NTRS Northern Trust Corporation compare 2.5×
BLK BlackRock 3.1×
ARES Ares Management Corporation compare 4.3×
BX Blackstone Inc. compare 4.9×
AMP Ameriprise Financial, Inc. compare 9.0×
BAM Brookfield Asset Management Ltd. compare 9.2×
Asset Management industry median 0.9×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on BLK