Peter Lynch Fair Value applies to growing companies. The ideal range for the growth rate is between 10 - 20% a year. Peter Lynch thinks that the fair P/E value for a growth company equals its growth rate, that is PEG = 1. The earnings here is trailing twelve month (TTM) earnings. For non-bank companies, the growth rate we use is the average growth rate for EBITDA per share over the past 5 years. For Banks, the growth rate we use is the average growth rate for Book Value per share over the past 5 years. If 5-Year Growth Rate is greater than 25% a year, we use 25. If 5-Year Growth Rate is smaller than 5% a year, we do not calculate Peter Lynch Fair Value.
Here, as of today, BlackRock's PEG is 1. BlackRock's 5-Year TTM EBITDA Growth Rate is 8.51. BlackRock's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 was $37.78. Therefore, the Peter Lynch Fair Value for today is $321.51.
As of today (2024-03-18), BlackRock's share price is $800.275. BlackRock's Peter Lynch fair value is $321.51. Therefore, BlackRock's Price to Peter Lynch Fair Value Ratio for today is 2.49.
The historical rank and industry rank for BlackRock's Peter Lynch Fair Value or its related term are showing as below:
BLK' s Price-to-Peter-Lynch-Fair-Value Range Over the Past 10 Years
Min: 1.11 Med: 2.14 Max: 3.27
Current: 2.49
During the past 13 years, the highest Price to Peter Lynch Fair Value Ratio of BlackRock was 3.27. The lowest was 1.11. And the median was 2.14.
BLK's Price-to-Peter-Lynch-Fair-Value is ranked worse than
81.66% of 229 companies
in the Asset Management industry
Industry Median: 1.1 vs BLK: 2.49
Note: Please don't confuse Peter Lynch Fair Value with the value reached in Peter Lynch Chart.
BlackRock Peter Lynch Fair Value Historical Data
The historical data trend for BlackRock's Peter Lynch Fair Value 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.
* Premium members only.
BlackRock Annual Data | |||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |
Peter Lynch Fair Value | 198.20 | 264.66 | 499.11 | 376.94 | 321.51 |
BlackRock Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Peter Lynch Fair Value | 376.94 | 324.53 | 325.14 | 324.19 | 321.51 |
Competitive Comparison
For the Asset Management subindustry, BlackRock's Price-to-Peter-Lynch-Fair-Value, along with its competitors' market caps and Price-to-Peter-Lynch-Fair-Value 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 Price-to-Peter-Lynch-Fair-Value Distribution
For the Asset Management industry and Financial Services sector, BlackRock's Price-to-Peter-Lynch-Fair-Value distribution charts can be found below:
* The bar in red indicates where BlackRock's Price-to-Peter-Lynch-Fair-Value falls into.
BlackRock Peter Lynch Fair Value Calculation
BlackRock's Peter Lynch Fair Value for today is calculated as
Peter Lynch Fair Value | = | PEG Ratio | * | 5-Year TTM EBITDA Growth Rate** | * | EPS without NRI (TTM) |
= | 1 | * | 8.51 | * | 37.78 | |
= | 321.51 |
BlackRock's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $37.78.
* 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.
** Please be aware that the 5-Year TTM EBITDA Growth Rate is calculated based on TTM data over the last 5 years. For quarterly reported companies, the TTM data adds up the quarterly data reported by the company within the most recent 12 months. For companies that report semi-annually, annually, or do not have enough quarterly data, GuruFocus uses the annual data as the TTM data.
If 5-Year Earnings Growth Rate is greater than 25% a year, we use 25.
If 5-Year Earnings Growth Rate is smaller than 5% a year, we do not calculate Peter Lynch Fair Value.
Please note that we use the 5-year average growth rate of EBITDA per share as the growth rate for non-bank companies, as EBITDA growth is subject to less manipulations than net earnings per share. For banks, we use the 5-year average growth rate of Book Value per share as the growth rate. The reason is that EBITDA is not applicable to Banks and Book value is a relative important measurement for Banks. In the calculation, PEG=1 because Peter Lynch thinks that the fair P/E ratio of the growth stock is equal to its earnings growth rate.
BlackRock(NYSE:BLK) Peter Lynch Fair Value Explanation
Peter Lynch Fair Value applies to growing companies. The ideal range for the growth rate is between 10 - 20% a year.
Peter Lynch thinks that the fair P/E value for a growth company equals its growth rate, that is PEG = 1. The earnings here is trailing twelve month (TTM) earnings. For non-bank companies, the growth rate we use is the average growth rate for EBITDA per share over the past 5 years. For Banks, the growth rate we use is the average growth rate for Book Value per share over the past 5 years.
Please don't confuse Peter Lynch Fair Value with the value reached in Peter Lynch Chart. In Peter Lynch chart, a fixed P/E ratio of 15 is used to draw the Earnings Line. Therefore the value reached has a P/E ratio of 15. But in Peter Lynch Fair Value calculation, P/E equals to the growth rate of EBITDA per share over the past 5 years, which is 8.51 instead of 15 in this case.
BlackRock's Price to Peter Lynch Fair Value Ratio for today is calculated as
Price to Peter Lynch Fair Value | = | Share Price | / | Peter Lynch Fair Value |
= | 800.275 | / | 321.51 | |
= | 2.49 |
* 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.
BlackRock Peter Lynch Fair Value Related Terms
Thank you for viewing the detailed overview of BlackRock's Peter Lynch Fair Value provided by GuruFocus.com. Please click on the following links to see related term pages.
BlackRock (NYSE:BLK) Business Description
Industry
GURUFOCUS.COM »STOCK LIST »Financial Services » Asset Management » BlackRock Inc (NYSE:BLK) » Definitions » Peter Lynch Fair Value
Comparable Companies
NYSE:BX NYSE:KKR NYSE:APO NYSE:BK NYSE:AMP NYSE:ARES NAS:TROW NYSE:STT NAS:PFG NAS:NTRS OSTO:INVE A TSX:BN XSWX:PGHN OSTO:EQT LSE:III BOM:543940 LSE:LGEN OSTO:LATO B NAS:CG TSX:BAM
Traded in Other Exchanges
BLK:Peru BLK:Mexico 1BLK:Italy BLQAd:UK BLQA:Germany BLQA:Germany BLQA:Germany BLQA:Germany BLAK34:Brazil BLK:Austria
Address
50 Hudson Yards, New York, NY, USA, 10001
Website
BlackRock is the largest asset manager in the world, with $9.101 trillion in AUM at the end of September 2023. Product mix is fairly diverse, with 52% of the firm's managed assets in equity strategies, 28% in fixed income, 9% in multi-asset class, 8% in money market funds, and 3% in alternatives. Passive strategies account for around 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 also geographically diverse, with clients in more than 100 countries and more than one third of managed assets coming from investors domiciled outside the U.S. and Canada.
Executives
Laurence Fink | director, officer: Chairman and CEO | BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001 |
Mark Wiedman | officer: Senior Managing Director | 50 HUDSON YARDS, NEW YORK NY 10001 |
Amin H. Nasser | director | 50 HUDSON YARDS, NEW YORK NY 10001 |
J. Richard Kushel | officer: Senior Managing Director | BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001 |
Martin Small | officer: CFO & Senior Managing Director | 50 HUDSON YARDS, NEW YORK NY 10001 |
Marc D. Comerchero | officer: Principal Accounting Officer | BLACKROCK, INC., 50 HUDSON YARDS, NEW YORK NY 10001 |
Stephen Cohen | officer: Senior Managing Director | 55 EAST 52ND STREET, NEW YORK NY 10055 |
Caroline Heller | officer: Senior Managing Director | 50 HUDSON YARDS, NEW YORK NY 10001 |
Manish Mehta | officer: Senior Managing Director | 55 EAST 52ND STREET, NEW YORK NY 10055 |
Rachel Lord | officer: Senior Managing Director | 55 EAST 52ND STREET, NEW YORK NY 10055 |
Mark Mccombe | officer: Senior Managing Director | BLACKROCK, INC., 55 EAST 52ND STREET, NEW YORK NY 10055 |
Robert Kapito | director, officer: President | 100 BELLEVUE PARKWAY, WILMINGTON DE 19809 |
William E Ford | director | 55 EAST 52ND STREET, 32ND FLOOR, NEW YORK NY 10055 |
Kristin C Peck | director | C/O ZOETIS INC., 10 SYLVAN WAY, PARSIPPANY NJ 07054 |
Beth Ford | director | C/O CORPORATE SECRETARY SCHOLASTIC CORP, 557 BROADWAY, NEW YORK NY 10012 |
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