What is BlackRock, Inc. (BLK) DCF Fair Value and Intrinsic Value in 2026?

BlackRock, Inc. (BLK) intrinsic value is calculated using conservative multi-stage Discounted Cash Flow (DCF) models, 5-year free cash flow trajectories, Graham Numbers, and owner earnings multiples. LocalAlpha tracks real-time margin of safety against live market prices.

What is BlackRock, Inc.'s historical Return on Invested Capital (ROIC) and Moat Rating?

BlackRock, Inc. operates in the Financials sector (Asset Management) with an economic moat rating of WIDE. LocalAlpha tracks 5-year audited quarterly ROIC, operating margin stability, and balance sheet solvency ratios.

What is BlackRock, Inc.'s financial health rating and Piotroski F-Score?

BlackRock, Inc.'s balance sheet quality is evaluated using the 9-point Piotroski F-Score, Altman Z-Score solvency model, debt-to-equity ratio, and quick/current liquidity coverage to guard against financial distress.

How does LocalAlpha monitor BlackRock, Inc. (BLK) for quarterly SEC filing thesis breaks?

LocalAlpha audits BlackRock, Inc.'s 10-K, 10-Q, and 8-K regulatory filings on SEC EDGAR within 15 minutes of release. If reported metrics breach an investor's custom ROIC floor, operating margin boundary, or qualitative risk criteria, an autonomous breach audit is dispatched immediately.

StocksBLK

BLK

BlackRock, Inc.Financial Services / Asset ManagementINTACT

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 funds. The firm also launches and manages hedge funds. It invests in the public equity, fixed income, real estate, currency, commodity, and alternative markets across the globe. The firm primarily invests in growth and value stocks of small-cap, mid-cap, SMID-cap, large-cap, and multi-cap companies. It also invests in dividend-paying equity securities. The firm invests in investment grade municipal securities, government securities including securities issued or guaranteed by a government or a government agency or instrumentality, corporate bonds, and asset-backed and mortgage-backed securities. It employs fundamental and quantitative analysis with a focus on bottom-up and top-down approach to make its investments. The firm employs liquidity, asset allocation, balanced, real estate, and alternative strategies to make its investments. In real estate sector, it seeks to invest in Poland and Germany. The firm benchmarks the performance of its portfolios against various S&P, Russell, Barclays, MSCI, Citigroup, and Merrill Lynch indices. BlackRock, Inc. was founded in 1988 and is based in New York, New York with additional offices in Atlanta, Georgia; Boston, Massachusetts; Chicago, Illinois; Dallas, Texas; Denver, Colorado; Greenwich, Connecticut; Houston, Texas; Miami, Florida; Newport Beach, California; Palo Alto, California; Philadelphia, Pennsylvania; Princeton, New Jersey; San Francisco, California; Santa Monica, California; Seattle, Washington; Washington, DC; West Palm Beach, Florida; Wilmington, Delaware; Mexico; Canada; South Africa; Netherlands; Greece; Serbia; Belgium; Hungary; Denmark; Ireland; Scotland; Germany; Switzerland; England; Luxembourg; Spain; Italy; France; Sweden; Austria; India; China; Australia; Hong Kong; South Korea; Singapore; Taiwan; Japan; Colombia; Argentina; Peru; Chile; Brazil; UAE; Saudi Arabia; Israel.

Share Price

$1079.65

52W: $917.39 - $1219.94

DCF Fair Value

$1527.05

+29.3% MoS

Thesis Hub

P/E (TTM)

25.4x

ROIC

26.3%

Operating Margin

35.1%

FCF Yield

4.3%

Debt / Equity

0.23x

Piotroski Score

8/9

Altman Z-Score

3.22

Market Cap

$175.4B

Price vs. Intrinsic Value Corridor

Margin of Safety Buy Zone (<25% Discount)

Historical market price overlaid against conservative DCF Fair Value & Benjamin Graham Margin of Safety bands.

Period Return (1Y)

—()

Period Range

$— - $—

DCF Fair Value

$1527.05

MOS Buy Target (-25%)

$1145.29

Valuation Overlays: DCF Fair Value ($1527.05) 25% MOS Buy Target ($1145.29) Revised Graham ($1353.52) Graham Number ($595.70)

2-Stage Discounted Cash Flow (DCF) Workbench

Conservative intrinsic value model based on owner cash generation over a 10-year investment horizon. Opens with LocalAlpha's baseline assumptions (matching the fair value shown above) — adjust any input to stress-test.

Current Market Price

$1079.65

DCF Fair Value

$1523.27

+29.1% MoS

Starting Free Cash Flow ($M)$7,578M

$100M$7,578M (Reported)$50,000M

Stage 1 Growth (Years 1-5)17.5%

-5%10% (Target)35%

Stage 2 Growth (Years 6-10)4.5%

0%5%20%

Discount Rate (WACC / Hurdle)9.0%

6%9% (Standard)15% (High Risk)

Terminal Perpetual Growth2.5%

1% (GDP Floor)2.5% (Inflation)4.0%

Net Debt ($M)$1,200M

-$100B CashBalance Sheet+$150B Debt

10-Yr PV of Cash Flows

$96.4B

PV of Terminal Value

$140.9B

Implied Enterprise Value

$237.3B

Implied Equity Value

$236.1B

Year	Yr 1	Yr 2	Yr 3	Yr 4	Yr 5	Yr 6	Yr 7	Yr 8	Yr 9	Yr 10
Projected FCF ($M)	$8,904	$10,462	$12,293	$14,445	$16,972	$17,736	$18,534	$19,368	$20,240	$21,151
Present Value (PV)	$8,169	$8,806	$9,493	$10,233	$11,031	$10,576	$10,139	$9,720	$9,319	$8,934

Benjamin Graham & Buffett Value Models

Classical deep value metrics based on asset backing, normalized earnings power, and owner cash yield.

Graham Number-81.2% Premium

$595.70

Calculated as √(22.5 × EPS × BVPS). The maximum theoretical price a defensive investor should pay based purely on asset book value and current earnings.

EPS: $42.43BVPS: $371.70

Revised Graham Formula+20.2% MoS

$1353.52

Formula: V = (EPS × (8.5 + 2g) × 4.4) / Y where g is the conservative 7-10 yr growth rate and Y is AAA Bond Yield.

Growth Rate (g%)

Bond Yield (Y%)

Buffett Owner Earnings4.3% Yield

$46.45 / share

True distributable cash flow: Net Income + D&A - Maintenance CapEx. Reflects the cash Buffett would extract without hurting unit volume.

Total: $7.2BYield: 4.3%

Reverse DCF: Market Growth Expectation

MODEST BARRIER

7.0% CAGR (Next 10 Yrs)

At the current price of $1079.65, the market is assuming the business will compound Free Cash Flow at 7.0% per year for the next decade with a 9% hurdle rate.

Value Investor Verdict

✓ Low market hurdle: Easy for a wide-moat compounder to beat.

Autonomous Thesis Underwriting

Surveil BLK with Mathematical Margin of Safety Rules

Set non-negotiable floor rules for BlackRock, Inc.. If a newly filed quarterly 10-Q breaks your ROIC floor, operating margin boundary, or balance sheet leverage rules, receive an autonomous breach audit within 15 minutes.

Buffett Quality

ROIC > 15% • Margin > 15% • D/E < 0.5x

Margin Floor Guard

Current Margin 35.1% • Floor > 10%

Solvency Guard

Altman-Z > 2.6 • Current Ratio > 1.5x

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Frequently Asked Questions: BlackRock, Inc. (BLK) Intrinsic Valuation

Audited fundamentals, DCF intrinsic value sensitivity, and thesis break detection parameters for BlackRock, Inc..

Based on institutional multi-stage Discounted Cash Flow (DCF) modeling on audited SEC cash flows, BlackRock, Inc. has an estimated DCF intrinsic fair value of $1527.05 per share compared to its current market price of $1079.65. This represents an estimated 29.3% margin of safety (trading below fair value). Additionally, its classic Benjamin Graham Number stands at $595.70.