BlackRock Technology and Private Equity Term Trust (BTX) Financial Ratios
4 years of historical data (2021–2024) · Healthcare · Biotechnology
EV/EBITDA
↑
29.68
+13% vs avg
5yr avg: 26.23
30Y Low7.5·High45.0
P/FCF
↑
3.82
↓-38% vs avg
5yr avg: 6.12
30Y Low5.3·High7.3
P/B Ratio
↓
1.10
↑+29% 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 53.4x earnings, 108% 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 22.8x, the stock trades at a premium of 134%. On a free-cash-flow basis, the stock trades at 3.8x P/FCF, 38% below the 5-year average of 6.1x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Market Cap | $1.1B | $1.6B | $1.6B | $1.6B | $3.6B |
| Enterprise Value | $1.1B | $1.6B | $1.6B | $1.6B | $3.6B |
| P/E Ratio → | 53.41 | 43.76 | 7.48 | — | — |
| P/S Ratio | 26.04 | 39.47 | 7.34 | — | — |
| P/B Ratio | 1.10 | 0.90 | 0.78 | 0.81 | 0.91 |
| P/FCF | 3.82 | 5.79 | 7.31 | 5.26 | — |
| P/OCF | 3.82 | 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 29.7x EBITDA, 13% above its 5-year average of 26.2x. The Healthcare sector median is 14.6x, placing the stock at a 104% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| EV / Revenue | — | 39.47 | 7.34 | — | — |
| EV / EBITDA | 29.68 | 44.99 | 7.48 | — | — |
| EV / EBIT | 29.68 | — | — | — | — |
| 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 18.2% to shareholders annually — split between a 9.4% dividend yield and 8.7% 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 1.9% (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 | 9.4% | 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 | 1.9% | 2.3% | 13.4% | — | — |
| FCF Yield | 26.2% | 17.3% | 13.7% | 19.0% | — |
| Buyback Yield | 8.7% | 5.8% | 2.6% | 4.6% | 1.7% |
| Total Shareholder Yield | 18.2% | 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 | $1B | 53.4 | 29.7 | 3.8 | 100.0% | 87.7% | 1.9% | 1.4% | — |
 GBDC | $3B | 8.7 | 11.8 | — | 81.5% | 78.9% | 9.4% | 5.9% | 7.1 |
 HTGC | $3B | 8.2 | 13.9 | — | 87.2% | 66.7% | 16.2% | 6.6% | 6.3 |
 TPVG | $186M | 3.8 | 8.4 | — | 83.5% | 77.9% | 14.1% | 7.2% | 6.2 |
 GSBD | $1B | 9.0 | 12.3 | 3.2 | 75.4% | 98.4% | 8.0% | 5.3% | 8.0 |
 BLK | $151B | 27.4 | 20.0 | 42.5 | 55.5% | 29.1% | 10.0% | 7.5% | 1.9 |
 MSFT | $2.6T | 25.9 | 16.6 | 36.6 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AAPL | $4.0T | 36.9 | 28.4 | 40.9 | 46.9% | 32.0% | 171.4% | 67.4% | 0.8 |
 NVDA | $4.7T | 39.9 | 35.6 | 49.0 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 GOOGL | $4.2T | 31.8 | 27.9 | 56.8 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 META | $1.4T | 23.1 | 14.0 | 29.8 | 82.0% | 41.4% | 30.2% | 27.6% | 0.8 |
| Healthcare Median | — | 22.8 | 14.6 | 19.4 | 63.6% | -4.8% | -33.2% | -11.3% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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BTX — 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 53.4x. 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 29.7x. 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 53.4x. 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 9.42% 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.