Is BlackRock, Inc. overvalued or undervalued?

As of 14 April 2025, BlackRock, Inc. has moved from a fair to an expensive valuation grade. The company is currently considered overvalued, with a P/E ratio of 24, significantly higher than the industry average. Key ratios include a Price to Book Value of 3.20 and an EV to EBITDA of 16.75, which further indicate a premium valuation compared to its peers.
In comparison to notable competitors, BlackRock's P/E ratio of 24 is lower than KKR & Co., Inc. at 48.83 and Blackstone, Inc. at 63.83, both classified as very expensive. However, it is higher than Apollo Global Management, Inc. at 21.81, which is also considered expensive. While BlackRock has demonstrated a strong one-year return of 25.23% compared to the S&P 500's 10.26%, the current valuation metrics suggest that the stock is overpriced relative to its earnings potential and market position.