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ETR/UU2 (ETR/UU2)

Deutsche Börse Xetra: ETR/UU2 · EUR

€1,036

+14.60 (+1.4%)· Recorded snapshot

Market cap	160.3B
Revenue (ttm)	25.1B
Net income (ttm)	6.1B
EPS (ttm)	€39.5
P/E (trailing)	26.2x
P/E (forward)	17.0x
Dividend	€19.3 (1.86%)
Volume	61
Beta	1.42

Market data

Price

Recent price action with selectable time range.

Metric	Value
Amount currency	EUR
Country	United States
Country code	DE
Earnings date	2026-10-14
Employees	26,200
Employees change	2,800
Employees growth	12.39%
Enterprise value	EUR 167.5B
Exchange	Deutsche Börse Xetra
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-10
Fiscal year end	December
Founded	1988
Industry	Asset Management
Is primary listing	No
ISIN number	US09290D1019
Last earnings date	2026-10-14
Last refreshed	2026-10-28
Market cap	EUR 160.3B
Next earnings date	2027-01-15
Price	EUR 1,035.60
Price currency	EUR
Sector	Financials
SIC code	6282
Stock price date	2026-10-28
Symbol	etr/UU2
Website	https://www.blackrock.com

Metric

Value

Amount currency

EUR

Country

United States

Country code

Earnings date

2026-10-14

Employees

26,200

Employees change

2,800

Employees growth

12.39%

Enterprise value

EUR 167.5B

Exchange

Deutsche Börse Xetra

Financial currency

USD

Financial report date

2026-09-30

First seen

2026-05-10

Fiscal year end

December

Founded

1988

Industry

Asset Management

Is primary listing

ISIN number

US09290D1019

Last earnings date

2026-10-14

Last refreshed

2026-10-28

Market cap

EUR 160.3B

Next earnings date

2027-01-15

Price

EUR 1,035.60

Price currency

EUR

Sector

Financials

SIC code

6282

Stock price date

2026-10-28

Symbol

etr/UU2

Website

https://www.blackrock.com

Metric	Value
Average P/E ratio (10Y)	20.11x
Average P/E ratio (3Y)	24.16x
Average P/E ratio (5Y)	21.99x
Earnings yield	3.81%
EV/Earnings	27.08x
EV/EBIT	17.52x
EV/EBITDA	15.3x
EV/FCF	52.22x
EV/Sales	6.44x
FCF / EV yield	1.91%
FCF yield	2%
Forward P/E	17.04x
Graham number	578.82786
Graham upside	-44.03%
Industry forward P/E	12.04x
Industry P/E	18.32x
Lynch fair value	EUR 199.67
Lynch upside	-80.69%
P/(FCF - SBC) ratio	85.45x
P/(OCF - SBC) ratio	70.86x
P/B ratio	2.77x
P/E ratio	26.22x
P/FCF ratio	49.94x
P/OCF ratio	44.57x
P/S ratio	6.27x
Price/EBITDA ratio	14.91x
Sector forward P/E	11.95x
Sector P/E	12.95x

Metric

Value

Average P/E ratio (10Y)

20.11x

Average P/E ratio (3Y)

24.16x

Average P/E ratio (5Y)

21.99x

Earnings yield

3.81%

EV/Earnings

27.08x

EV/EBIT

17.52x

EV/EBITDA

15.3x

EV/FCF

52.22x

EV/Sales

6.44x

FCF / EV yield

1.91%

FCF yield

Forward P/E

17.04x

Graham number

578.82786

Graham upside

-44.03%

Industry forward P/E

12.04x

Industry P/E

18.32x

Lynch fair value

EUR 199.67

Lynch upside

-80.69%

P/(FCF - SBC) ratio

85.45x

P/(OCF - SBC) ratio

70.86x

P/B ratio

2.77x

P/E ratio

26.22x

P/FCF ratio

49.94x

P/OCF ratio

44.57x

P/S ratio

6.27x

Price/EBITDA ratio

14.91x

Sector forward P/E

11.95x

Sector P/E

12.95x

Metric	Value
EBIT margin	36.72%
EBITDA margin	42.06%
Effective tax rate	23.33%
FCF margin	12.88%
Gross margin	48.28%
Operating margin	36.72%
Pretax margin	34.38%
Profit margin	24.22%
Profit per employee	EUR 232,317
Profitable quarters	88
Profitable years	28
Revenue per employee	EUR 959,316
ROA	3.74%
ROA (5Y)	3.25%
ROCE	5.83%
ROE	12.28%
ROE (5Y)	13.67%
ROIC	12.24%
ROIC (5Y)	13.2%
SBC / revenue	5.35%
Tax / revenue	8.02%

Metric

Value

EBIT margin

36.72%

EBITDA margin

42.06%

Effective tax rate

23.33%

FCF margin

12.88%

Gross margin

48.28%

Operating margin

36.72%

Pretax margin

34.38%

Profit margin

24.22%

Profit per employee

EUR 232,317

Profitable quarters

Profitable years

Revenue per employee

EUR 959,316

ROA

3.74%

ROA (5Y)

3.25%

ROCE

5.83%

ROE

12.28%

ROE (5Y)

13.67%

ROIC

12.24%

ROIC (5Y)

13.2%

SBC / revenue

5.35%

Tax / revenue

8.02%

Metric	Value
EPS growth	13.28%
EPS growth (Q)	25.35%
EPS growth (QoQ)	-13.28%
EPS growth 10Y	8.74%
EPS growth 3Y	7.25%
EPS growth 5Y	3.18%
EPS growth quarters	3
EPS growth years	0
FCF growth	-9.5%
FCF growth 3Y	-3.5%
FCF growth 5Y	-2.33%
Gross profit growth	23.73%
Gross profit growth (Q)	19.9%
Gross profit growth 3Y	17.74%
Gross profit growth 5Y	7.66%
Net income growth	13.39%
Net income growth (Q)	25.4%
Net income growth (QoQ)	-13.32%
Net income growth 3Y	8.67%
Net income growth 5Y	3.55%
Net income growth quarters	3
Net income growth years	0
OCF growth	-7.01%
OCF growth 10Y	5.03%
OCF growth 3Y	-3.07%
OCF growth 5Y	-1.41%
Operating income growth	29.47%
Operating income growth (Q)	24.81%
Operating income growth 3Y	19.02%
Operating income growth 5Y	7.53%
Revenue growth	24.72%
Revenue growth (Q)	19.1%
Revenue growth (QoQ)	9.43%
Revenue growth 10Y	9.88%
Revenue growth 3Y	17.57%
Revenue growth 5Y	8.77%
Revenue growth quarters	13
Revenue growth years	2

Metric

Value

EPS growth

13.28%

EPS growth (Q)

25.35%

EPS growth (QoQ)

-13.28%

EPS growth 10Y

8.74%

EPS growth 3Y

7.25%

EPS growth 5Y

3.18%

EPS growth quarters

EPS growth years

FCF growth

-9.5%

FCF growth 3Y

-3.5%

FCF growth 5Y

-2.33%

Gross profit growth

23.73%

Gross profit growth (Q)

19.9%

Gross profit growth 3Y

17.74%

Gross profit growth 5Y

7.66%

Net income growth

13.39%

Net income growth (Q)

25.4%

Net income growth (QoQ)

-13.32%

Net income growth 3Y

8.67%

Net income growth 5Y

3.55%

Net income growth quarters

Net income growth years

OCF growth

-7.01%

OCF growth 10Y

5.03%

OCF growth 3Y

-3.07%

OCF growth 5Y

-1.41%

Operating income growth

29.47%

Operating income growth (Q)

24.81%

Operating income growth 3Y

19.02%

Operating income growth 5Y

7.53%

Revenue growth

24.72%

Revenue growth (Q)

19.1%

Revenue growth (QoQ)

9.43%

Revenue growth 10Y

9.88%

Revenue growth 3Y

17.57%

Revenue growth 5Y

8.77%

Revenue growth quarters

Revenue growth years

Metric	Value
Capital expenditures	EUR -379.9M
Depreciation and amortization	EUR 1.4B
EBIT	EUR 9.2B
EBITDA	EUR 10.6B
EPS	EUR 39.50
Financing cash flow	EUR -819.9M
Free cash flow	EUR 3.2B
Free cash flow minus SBC	EUR 1.8B
Gross profit	EUR 12.1B
Income taxes	EUR 2B
Investing cash flow	EUR -1.7B
Net borrowing	EUR 44M
Net cash flow	EUR 915.1M
Net income	EUR 6.1B
Operating cash flow minus SBC	EUR 2.2B
Operating income	EUR 9.2B
Revenue	EUR 25.1B
Stock-based compensation	EUR 1.3B

Metric

Value

Capital expenditures

EUR -379.9M

Depreciation and amortization

EUR 1.4B

EBIT

EUR 9.2B

EBITDA

EUR 10.6B

EPS

EUR 39.50

Financing cash flow

EUR -819.9M

Free cash flow

EUR 3.2B

Free cash flow minus SBC

EUR 1.8B

Gross profit

EUR 12.1B

Income taxes

EUR 2B

Investing cash flow

EUR -1.7B

Net borrowing

EUR 44M

Net cash flow

EUR 915.1M

Net income

EUR 6.1B

Operating cash flow minus SBC

EUR 2.2B

Operating income

EUR 9.2B

Revenue

EUR 25.1B

Stock-based compensation

EUR 1.3B

Metric	Value
Book value per share	EUR 327.32
Debt / EBITDA	1.25
Debt / equity	0.23
Debt / FCF	4.18
Interest coverage	15.51
Net cash (debt)	EUR -990.7M
Net cash / market cap	-0.63%
Net debt / EBITDA	0.09
Net debt / equity	0.02
Net debt / FCF	0.31
Piotroski F-Score	5
Shareholders' equity	EUR 56.8B
Tangible book value	EUR -4.4B
Tangible book value per share	EUR -28.44
Total cash	EUR 12.2B
Total debt	EUR 13.2B
WACC	11.4%

Metric

Value

Book value per share

EUR 327.32

Debt / EBITDA

1.25

Debt / equity

0.23

Debt / FCF

4.18

Interest coverage

15.51

Net cash (debt)

EUR -990.7M

Net cash / market cap

-0.63%

Net debt / EBITDA

0.09

Net debt / equity

0.02

Net debt / FCF

0.31

Piotroski F-Score

Shareholders' equity

EUR 56.8B

Tangible book value

EUR -4.4B

Tangible book value per share

EUR -28.44

Total cash

EUR 12.2B

Total debt

EUR 13.2B

WACC

11.4%

Metric	Value
Asset turnover	0.17
Current ratio	2.45
Quick ratio	1.85
Working capital	EUR 13.9B

Metric

Value

Asset turnover

0.17

Current ratio

2.45

Quick ratio

1.85

Working capital

EUR 13.9B

Metric	Value
Buyback yield / dilution	-3.82%
Dividend growth	3.15%
Dividend growth years	0
Dividend payment date	2026-09-22
Dividend payment years	4
Dividend payout frequency	Quarterly
Dividend per share	EUR 19.28
Dividend yield	1.86%
Ex-dividend date	2026-09-08
Last dividend	EUR 4.93
Payout ratio	48.77%
Shareholder yield	-1.95%

Metric

Value

Buyback yield / dilution

-3.82%

Dividend growth

3.15%

Dividend growth years

Dividend payment date

2026-09-22

Dividend payment years

Dividend payout frequency

Quarterly

Dividend per share

EUR 19.28

Dividend yield

1.86%

Ex-dividend date

2026-09-08

Last dividend

EUR 4.93

Payout ratio

48.77%

Shareholder yield

-1.95%

Metric	Value
150-day SMA	EUR 928.06
1D price change	1.43%
1M price change	10.45%
1M total return	10.45%
1W price change	1.58%
1W total return	1.58%
1Y price change	6.45%
1Y return CAGR	8.73%
1Y total return	8.73%
20-day SMA	EUR 983.48
200-day SMA	EUR 918.95
3M price change	11.76%
3M total return	12.34%
50-day SMA	EUR 966.64
50-day SMA vs 200-day SMA	50over200
52-week high	EUR 1,040.00
52-week high date	2026-10-28
52-week low	EUR 796.90
52-week low date	2026-03-09
6M price change	15.66%
6M total return	16.91%
All-time high	EUR 1,060.00
All-time high date	2024-12-12
All-time low	EUR 660.40
All-time low date	2025-04-07
Average true range (ATR)	EUR 19.42
Average volume	241.5
Beta (5Y)	1.42
Change from 52-week high	-0.42%
Change from 52-week low	29.95%
Change from all-time high	-2.3%
Change from all-time low	56.81%
Change from open	1.73%
Day's gap	-0.29%
Dollar volume	EUR 63,172
High price	EUR 1,040.00
Low price	EUR 1,018.00
Monthly RSI	58.69
Open price	EUR 1,018.00
Position in 52-week range	80%
Previous close	EUR 1,021.00
Price vs 150-day SMA	11.59%
Price vs 20-day SMA	5.3%
Price vs 200-day SMA	12.69%
Price vs 50-day SMA	7.13%
Relative volume	0.25
RSI	68.6
Sharpe ratio	0.35
Sortino ratio	0.76
Volume	61
Weekly RSI	61.78
YTD price change	12.1%
YTD total return	13.95%

Metric

Value

150-day SMA

EUR 928.06

1D price change

1.43%

1M price change

10.45%

1M total return

10.45%

1W price change

1.58%

1W total return

1.58%

1Y price change

6.45%

1Y return CAGR

8.73%

1Y total return

8.73%

20-day SMA

EUR 983.48

200-day SMA

EUR 918.95

3M price change

11.76%

3M total return

12.34%

50-day SMA

EUR 966.64

50-day SMA vs 200-day SMA

50over200

52-week high

EUR 1,040.00

52-week high date

2026-10-28

52-week low

EUR 796.90

52-week low date

2026-03-09

6M price change

15.66%

6M total return

16.91%

All-time high

EUR 1,060.00

All-time high date

2024-12-12

All-time low

EUR 660.40

All-time low date

2025-04-07

Average true range (ATR)

EUR 19.42

Average volume

241.5

Beta (5Y)

1.42

Change from 52-week high

-0.42%

Change from 52-week low

29.95%

Change from all-time high

-2.3%

Change from all-time low

56.81%

Change from open

1.73%

Day's gap

-0.29%

Dollar volume

EUR 63,172

High price

EUR 1,040.00

Low price

EUR 1,018.00

Monthly RSI

58.69

Open price

EUR 1,018.00

Position in 52-week range

80%

Previous close

EUR 1,021.00

Price vs 150-day SMA

11.59%

Price vs 20-day SMA

5.3%

Price vs 200-day SMA

12.69%

Price vs 50-day SMA

7.13%

Relative volume

0.25

RSI

68.6

Sharpe ratio

0.35

Sortino ratio

0.76

Volume

Weekly RSI

61.78

YTD price change

12.1%

YTD total return

13.95%

Metric	Value
Float	143.5M
Shares change (QoQ)	-0.09%
Shares change (YoY)	3.82%
Shares held by insiders	1.9%
Shares held by institutions	80.1%
Short ratio	3.5 days

Metric

Value

Float

143.5M

Shares change (QoQ)

-0.09%

Shares change (YoY)

3.82%

Shares held by insiders

1.9%

Shares held by institutions

80.1%

Short ratio

3.5 days

ETR/UU2 (ETR/UU2)

Price

Financial snapshot

Fair-value bridge

Latest news · ETR/UU2

Valuation

Profitability

Balance sheet

Trading

Next earnings

Sector percentile context

All ETR/UU2 indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Deeper analysis on ETR/UU2

Frequently asked questions