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BlackRock (FRA:BLQA) Cyclically Adjusted PS Ratio : 7.15 (As of May. 19, 2024)


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What is BlackRock Cyclically Adjusted PS Ratio?

As of today (2024-05-19), BlackRock's current share price is €742.10. BlackRock's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €103.82. BlackRock's Cyclically Adjusted PS Ratio for today is 7.15.

The historical rank and industry rank for BlackRock's Cyclically Adjusted PS Ratio or its related term are showing as below:

FRA:BLQA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 4.93   Med: 7.32   Max: 11.29
Current: 7.25

During the past years, BlackRock's highest Cyclically Adjusted PS Ratio was 11.29. The lowest was 4.93. And the median was 7.32.

FRA:BLQA's Cyclically Adjusted PS Ratio is ranked better than
51.03% of 876 companies
in the Asset Management industry
Industry Median: 7.425 vs FRA:BLQA: 7.25

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

BlackRock's adjusted revenue per share data for the three months ended in Mar. 2024 was €28.979. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is €103.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BlackRock Cyclically Adjusted PS Ratio Historical Data

The historical data trend for BlackRock's Cyclically Adjusted PS Ratio 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 Cyclically Adjusted PS Ratio Chart

BlackRock Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.99 9.24 10.12 6.99 7.45

BlackRock Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.43 6.50 5.96 7.45 7.44

Competitive Comparison of BlackRock's Cyclically Adjusted PS Ratio

For the Asset Management subindustry, BlackRock's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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's Cyclically Adjusted PS Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, BlackRock's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where BlackRock's Cyclically Adjusted PS Ratio falls into.



BlackRock Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

BlackRock's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=742.10/103.82
=7.15

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, BlackRock's adjusted Revenue per Share data for the three months ended in Mar. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=28.979/131.7762*131.7762
=28.979

Current CPI (Mar. 2024) = 131.7762.

BlackRock Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 11.898 100.560 15.591
201409 12.894 100.428 16.919
201412 13.197 99.070 17.554
201503 14.765 99.621 19.531
201506 15.244 100.684 19.952
201509 15.311 100.392 20.098
201512 15.519 99.792 20.493
201603 14.020 100.470 18.389
201606 14.916 101.688 19.329
201609 15.143 101.861 19.590
201612 22.724 101.863 29.397
201703 17.466 102.862 22.376
201706 17.475 103.349 22.282
201709 17.899 104.136 22.650
201712 19.223 104.011 24.354
201803 17.765 105.290 22.234
201806 18.954 106.317 23.493
201809 18.914 106.507 23.401
201812 18.630 105.998 23.161
201903 18.509 107.251 22.742
201906 19.866 108.070 24.224
201909 21.342 108.329 25.961
201912 22.609 108.420 27.479
202003 21.380 108.902 25.871
202006 20.855 108.767 25.267
202009 24.030 109.815 28.836
202012 24.119 109.897 28.921
202103 23.846 111.754 28.118
202106 25.804 114.631 29.663
202109 27.708 115.734 31.549
202112 29.624 117.630 33.187
202203 27.791 121.301 30.191
202206 28.085 125.017 29.603
202209 28.645 125.227 30.143
202212 26.971 125.222 28.383
202303 26.193 127.348 27.104
202306 27.328 128.729 27.975
202309 28.154 129.860 28.570
202312 28.292 129.419 28.807
202403 28.979 131.776 28.979

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


BlackRock  (FRA:BLQA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


BlackRock Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of BlackRock's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BlackRock (FRA:BLQA) Business Description

Address
50 Hudson Yards, New York, NY, USA, 10001
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.

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