Blackrock Inc (BLK) is overvalued and Blackstone Inc (BX) is overvalued.
Both trade above our estimate of their intrinsic value. BX is the closer of the two: -41%, against -46% for BLK.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 11.0% (average of 3 methods) values the shares at $729.27; the price of $1066.66 is 46% above that value, and 70% of that value comes from beyond year five.
Leak Score 24/100 on 5 of 12 signals
Discounting its cash flows at 11.5% (average of 3 methods) values the shares at $87.98; the price of $124.01 is 41% above that value, and 68% of that value comes from beyond year five.
Leak Score 57/100 on 8 of 12 signals
| Metric | BLK | BX |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $1066.66 | $124.01 |
| Intrinsic value | $729.27 | $87.98 |
| Margin of safety | -46% | -41% |
| Leak Score | 24/100 (5/12) | 57/100 (8/12) |
| Market cap | $173.3B | $154.0B |
| Revenue growth, 5 years | 8.0% | 16.1% |
| Operating margin | 34.0% | 53.9% |
| Net margin | 23.8% | 22.1% |
| Return on equity | 12.3% | 40.5% |
| Debt to equity | 0.26 | 1.56 |
| P/E | 26.5x | 27.8x |
| Forward P/E | 16.6x | 16.6x |
| P/B | 3.0x | 17.1x |
| Dividend yield | 2.1% | 4.2% |