Blackrock Inc (BLK) is overvalued and KKR & Co Inc (KKR) is slightly undervalued.
Against our estimates of intrinsic value, KKR trades at the wider discount: a margin of safety of +10%, 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 10.2% values the shares at $109.07; the price of $98.44 is 10% below that value, and 74% of that value comes from beyond year five.
Leak Score 43/100 on 9 of 12 signals
| Metric | BLK | KKR |
|---|---|---|
| Verdict | Overvalued | Slightly undervalued |
| Price | $1066.66 | $98.44 |
| Intrinsic value | $729.27 | $109.07 |
| Margin of safety | -46% | +10% |
| Leak Score | 24/100 (5/12) | 43/100 (9/12) |
| Market cap | $173.3B | $88.4B |
| Revenue growth, 5 years | 8.0% | 35.4% |
| Operating margin | 34.0% | 23.5% |
| Net margin | 23.8% | 12.7% |
| Return on equity | 12.3% | 10.6% |
| Debt to equity | 0.26 | 1.78 |
| P/E | 26.5x | 31.4x |
| Forward P/E | 16.6x | 13.3x |
| P/B | 3.0x | 3.1x |
| Dividend yield | 2.1% | 0.8% |