BlackRock Technology and Private Equity Term Trust (BTX) Financial Ratios
4 years of historical data (2021–2024) · Healthcare · Biotechnology
EV/EBITDA
↑
26.48
+1% vs avg
5yr avg: 26.23
30Y Low7.5·High45.0
P/FCF
↑
3.41
↓-44% vs avg
5yr avg: 6.12
30Y Low5.3·High7.3
P/B Ratio
↓
0.98
+15% vs avg
5yr avg: 0.85
30Y Low0.8·High0.9
ROE
↑
1.9%
↓+113% vs avg
5yr avg: -14.7%
30Y Low-55%·High10%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BTX Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BlackRock Technology and Private Equity Term Trust trades at 47.6x earnings, 86% above its 5-year average of 25.6x, sitting at the 100th percentile of its historical range. Compared to the Healthcare sector median P/E of 22.3x, the stock trades at a premium of 113%. On a free-cash-flow basis, the stock trades at 3.4x P/FCF, 44% below the 5-year average of 6.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $945M | $1.6B | $1.6B | $1.6B | $3.6B |
| Enterprise Value | $945M | $1.6B | $1.6B | $1.6B | $3.6B |
| P/E Ratio → | 47.65 | 43.76 | 7.48 | — | — |
| P/S Ratio | 23.23 | 39.47 | 7.34 | — | — |
| P/B Ratio | 0.98 | 0.90 | 0.78 | 0.81 | 0.91 |
| P/FCF | 3.41 | 5.79 | 7.31 | 5.26 | — |
| P/OCF | 3.41 | 5.79 | 7.31 | 5.26 | — |
P/E links to full P/E history page with 30-year chart
BTX EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BlackRock Technology and Private Equity Term Trust's enterprise value stands at 26.5x EBITDA, roughly in line with its 5-year average of 26.2x. The Healthcare sector median is 14.4x, placing the stock at a 84% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | 39.47 | 7.34 | — | — |
| EV / EBITDA | 26.48 | 44.99 | 7.48 | — | — |
| EV / EBIT | 26.48 | — | — | — | — |
| EV / FCF | — | 5.79 | 7.31 | 5.26 | — |
BTX Profitability
Margins and return-on-capital ratios measuring operating efficiency
BlackRock Technology and Private Equity Term Trust earns an operating margin of 87.7%. Operating margins have compressed from 100.2% to 87.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. ROE of 1.9% is modest. ROIC of 1.4% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Gross Margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Operating Margin | 87.7% | 87.7% | 98.1% | 100.2% | 100.1% |
| Net Profit Margin | 87.7% | 87.7% | 98.1% | 100.2% | 100.1% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| ROE | 1.9% | 1.9% | 10.4% | -55.1% | -16.1% |
| ROA | 1.8% | 1.8% | 10.3% | -54.5% | -15.9% |
| ROIC | 1.4% | 1.4% | 7.8% | -41.4% | — |
| ROCE | 1.8% | 1.8% | 10.3% | -54.5% | — |
BTX Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Interest coverage of 2313.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — |
| Debt / EBITDA | — | — | — | — | — |
| Net Debt / Equity | — | 0.00 | -0.00 | -0.00 | -0.00 |
| Net Debt / EBITDA | — | 0.00 | -0.00 | — | — |
| Debt / FCF | — | 0.00 | -0.00 | -0.00 | — |
| Interest Coverage | 2313.25 | 2313.25 | 141140.11 | — | — |
BTX Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Cash Ratio | — | — | — | — | — |
| Asset Turnover | — | 0.02 | 0.10 | -0.80 | -0.16 |
| Inventory Turnover | — | — | — | — | — |
| Days Sales Outstanding | — | 0.60 | 0.56 | -0.92 | -3.65 |
BTX Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BlackRock Technology and Private Equity Term Trust returns 20.3% to shareholders annually — split between a 10.6% dividend yield and 9.8% buyback yield. The payout ratio exceeds 100% at 517.4%, meaning the company is paying out more than it earns — this level is unsustainable long-term without earnings recovery. The earnings yield of 2.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Dividend Yield | 10.6% | 11.5% | 11.1% | 14.4% | 4.5% |
| Payout Ratio | 517.4% | 517.4% | 83.2% | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Earnings Yield | 2.1% | 2.3% | 13.4% | — | — |
| FCF Yield | 29.3% | 17.3% | 13.7% | 19.0% | — |
| Buyback Yield | 9.8% | 5.8% | 2.6% | 4.6% | 1.7% |
| Total Shareholder Yield | 20.3% | 17.3% | 13.7% | 19.0% | 6.2% |
| Shares Outstanding | — | $216M | $216M | $240M | $248M |
Peer Comparison
Compare BTX with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BTXYou | $945M | 47.6 | 26.5 | 3.4 | 100.0% | 87.7% | 1.9% | 1.4% | — |
 GBDC | $3B | 9.3 | 12.1 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 HTGC | $3B | 8.9 | 14.5 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 TPVG | $243M | 4.9 | 9.1 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 GSBD | $1B | 9.7 | 12.6 | 3.4 | 75.4% | 98.4% | 8.0% | 5.3% | 8.0 |
 BLK | $166B | 25.4 | 20.6 | 35.2 | 49.4% | 37.1% | 14.1% | 9.9% | 1.8 |
 MSFT | $3.1T | 30.9 | 19.7 | 43.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AAPL | $4.2T | 38.5 | 29.7 | 42.7 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 NVDA | $5.1T | 43.2 | 38.6 | 53.2 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 GOOGL | $4.8T | 36.8 | 32.2 | 65.7 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 META | $1.6T | 26.3 | 15.8 | 33.9 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
| Healthcare Median | — | 22.3 | 14.4 | 18.5 | 63.9% | -5.2% | -33.7% | -11.2% | 3.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonBTX — Frequently Asked Questions
Quick answers to the most common questions about buying BTX stock.
What is BlackRock Technology and Private Equity Term Trust's P/E ratio?
BlackRock Technology and Private Equity Term Trust's current P/E ratio is 47.6x. The historical average is 25.6x. This places it at the 100th percentile of its historical range.
What is BlackRock Technology and Private Equity Term Trust's EV/EBITDA?
BlackRock Technology and Private Equity Term Trust's current EV/EBITDA is 26.5x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 26.2x.
What is BlackRock Technology and Private Equity Term Trust's ROE?
BlackRock Technology and Private Equity Term Trust's return on equity (ROE) is 1.9%. The historical average is -14.7%.
Is BTX stock overvalued?
Based on historical data, BlackRock Technology and Private Equity Term Trust is trading at a P/E of 47.6x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is BlackRock Technology and Private Equity Term Trust's dividend yield?
BlackRock Technology and Private Equity Term Trust's current dividend yield is 10.56% with a payout ratio of 517.4%.
What are BlackRock Technology and Private Equity Term Trust's profit margins?
BlackRock Technology and Private Equity Term Trust has 100.0% gross margin and 87.7% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.