BLACKBERRY LTD (BB) Fundamental Analysis & Valuation
NYSE:BB • CA09228F1036
3.55 USD
+0.07 (+2.01%)
Last: Mar 5, 2026, 10:42 AM
This BB fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
Overall BB gets a fundamental rating of 4 out of 10. We evaluated BB against 276 industry peers in the Software industry. Both the profitability and the financial health of BB get a neutral evaluation. Nothing too spectacular is happening here. BB has a decent growth rate and is not valued too expensively.
1. BB Profitability Analysis
1.1 Basic Checks
- In the past year BB was profitable.
- BB had a positive operating cash flow in the past year.
- In the past 5 years BB reported 4 times negative net income.
- In multiple years BB reported negative operating cash flow during the last 5 years.
1.2 Ratios
- The Return On Assets of BB (1.80%) is better than 63.41% of its industry peers.
- BB has a Return On Equity of 2.96%. This is in the better half of the industry: BB outperforms 63.77% of its industry peers.
- The Return On Invested Capital of BB (4.20%) is better than 71.74% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for BB is significantly below the industry average of 10.80%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 2.96% | ||
| ROIC | 4.2% |
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
ROIC(3y)5.23%
ROIC(5y)N/A
1.3 Margins
- BB has a better Profit Margin (4.08%) than 64.13% of its industry peers.
- BB has a Operating Margin of 9.55%. This is in the better half of the industry: BB outperforms 75.72% of its industry peers.
- With a decent Gross Margin value of 74.99%, BB is doing good in the industry, outperforming 66.30% of the companies in the same industry.
- BB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 9.55% | ||
| PM (TTM) | 4.08% | ||
| GM | 74.99% |
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.31%
GM growth 5Y-0.01%
2. BB Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so BB is destroying value.
- BB has more shares outstanding than it did 1 year ago.
- BB has more shares outstanding than it did 5 years ago.
- Compared to 1 year ago, BB has a worse debt to assets ratio.
2.2 Solvency
- Based on the Altman-Z score of 0.92, we must say that BB is in the distress zone and has some risk of bankruptcy.
- The Altman-Z score of BB (0.92) is worse than 62.32% of its industry peers.
- The Debt to FCF ratio of BB is 5.16, which is a neutral value as it means it would take BB, 5.16 years of fcf income to pay off all of its debts.
- With a Debt to FCF ratio value of 5.16, BB perfoms like the industry average, outperforming 57.25% of the companies in the same industry.
- BB has a Debt/Equity ratio of 0.26. This is a healthy value indicating a solid balance between debt and equity.
- BB has a Debt to Equity ratio (0.26) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 5.16 | ||
| Altman-Z | 0.92 |
ROIC/WACC0.42
WACC10.1%
2.3 Liquidity
- BB has a Current Ratio of 2.14. This indicates that BB is financially healthy and has no problem in meeting its short term obligations.
- The Current ratio of BB (2.14) is better than 60.51% of its industry peers.
- A Quick Ratio of 2.14 indicates that BB has no problem at all paying its short term obligations.
- BB has a better Quick ratio (2.14) than 60.87% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.14 | ||
| Quick Ratio | 2.14 |
3. BB Growth Analysis
3.1 Past
- BB shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 600.00%, which is quite impressive.
- Measured over the past years, BB shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -31.23% on average per year.
- Looking at the last year, BB shows a very negative growth in Revenue. The Revenue has decreased by -11.24% in the last year.
- BB shows a very negative growth in Revenue. Measured over the last years, the Revenue has been decreasing by -12.45% yearly.
EPS 1Y (TTM)600%
EPS 3YN/A
EPS 5Y-31.23%
EPS Q2Q%150%
Revenue 1Y (TTM)-11.24%
Revenue growth 3Y-9.35%
Revenue growth 5Y-12.45%
Sales Q2Q%-12.47%
3.2 Future
- Based on estimates for the next years, BB will show a very strong growth in Earnings Per Share. The EPS will grow by 69.29% on average per year.
- The Revenue is expected to grow by 4.44% on average over the next years.
EPS Next Y657.77%
EPS Next 2Y195.89%
EPS Next 3Y118.48%
EPS Next 5Y69.29%
Revenue Next Year-1.73%
Revenue Next 2Y2.84%
Revenue Next 3Y4.44%
Revenue Next 5YN/A
3.3 Evolution
- The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
- The Revenue growth rate is accelerating: in the next years the growth will be better than in the last years.
4. BB Valuation Analysis
4.1 Price/Earnings Ratio
- A Price/Earnings ratio of 25.36 indicates a quite expensive valuation of BB.
- Based on the Price/Earnings ratio, BB is valued a bit cheaper than the industry average as 63.77% of the companies are valued more expensively.
- BB is valuated at similar levels of the S&P average when we compare the Price/Earnings ratio to 27.03, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 20.27, which indicates a rather expensive current valuation of BB.
- 66.67% of the companies in the same industry are more expensive than BB, based on the Price/Forward Earnings ratio.
- BB's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.11.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.36 | ||
| Fwd PE | 20.27 |
4.2 Price Multiples
- Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of BB indicates a somewhat cheap valuation: BB is cheaper than 69.93% of the companies listed in the same industry.
- BB's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 55.13 | ||
| EV/EBITDA | 26.81 |
4.3 Compensation for Growth
- The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
- BB's earnings are expected to grow with 118.48% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.04
PEG (5Y)N/A
EPS Next 2Y195.89%
EPS Next 3Y118.48%
5. BB Dividend Analysis
5.1 Amount
- No dividends for BB!.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
BB Fundamentals: All Metrics, Ratios and Statistics
NYSE:BB (3/5/2026, 10:42:55 AM)
3.55
+0.07 (+2.01%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-18 2025-12-18/amc
Earnings (Next)04-09 2026-04-09/amc
Inst Owners50.29%
Inst Owner Change-4.3%
Ins Owners0.21%
Ins Owner Change4.28%
Market Cap2.10B
Revenue(TTM)537.00M
Net Income(TTM)21.90M
Analysts47.69
Price Target3.25 (-8.45%)
Short Float %3.95%
Short Ratio2.92
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)119.21%
Min EPS beat(2)27.75%
Max EPS beat(2)210.68%
EPS beat(4)4
Avg EPS beat(4)252.33%
Min EPS beat(4)27.75%
Max EPS beat(4)676.7%
EPS beat(8)8
Avg EPS beat(8)197.18%
EPS beat(12)12
Avg EPS beat(12)168.18%
EPS beat(16)16
Avg EPS beat(16)138.16%
Revenue beat(2)1
Avg Revenue beat(2)1.26%
Min Revenue beat(2)-0.57%
Max Revenue beat(2)3.09%
Revenue beat(4)3
Avg Revenue beat(4)2.85%
Min Revenue beat(4)-0.57%
Max Revenue beat(4)5.32%
Revenue beat(8)6
Avg Revenue beat(8)6.8%
Revenue beat(12)7
Avg Revenue beat(12)14.36%
Revenue beat(16)8
Avg Revenue beat(16)10.32%
PT rev (1m)1.61%
PT rev (3m)-0.97%
EPS NQ rev (1m)0%
EPS NQ rev (3m)12.5%
EPS NY rev (1m)0%
EPS NY rev (3m)7.29%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.68%
Revenue NY rev (1m)0.91%
Revenue NY rev (3m)1.72%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 25.36 | ||
| Fwd PE | 20.27 | ||
| P/S | 3.9 | ||
| P/FCF | 55.13 | ||
| P/OCF | 45.84 | ||
| P/B | 2.83 | ||
| P/tB | 9.42 | ||
| EV/EBITDA | 26.81 |
EPS(TTM)0.14
EY3.94%
EPS(NY)0.18
Fwd EY4.93%
FCF(TTM)0.06
FCFY1.81%
OCF(TTM)0.08
OCFY2.18%
SpS0.91
BVpS1.26
TBVpS0.38
PEG (NY)0.04
PEG (5Y)N/A
Graham Number1.99
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 1.8% | ||
| ROE | 2.96% | ||
| ROCE | 5.32% | ||
| ROIC | 4.2% | ||
| ROICexc | 6.13% | ||
| ROICexgc | 28.52% | ||
| OM | 9.55% | ||
| PM (TTM) | 4.08% | ||
| GM | 74.99% | ||
| FCFM | 7.08% |
ROA(3y)-19.72%
ROA(5y)-19.58%
ROE(3y)-37.82%
ROE(5y)-37.22%
ROIC(3y)5.23%
ROIC(5y)N/A
ROICexc(3y)8.17%
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)6.62%
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y4.31%
GM growth 5Y-0.01%
F-Score7
Asset Turnover0.44
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.26 | ||
| Debt/FCF | 5.16 | ||
| Debt/EBITDA | 2.75 | ||
| Cap/Depr | 38.5% | ||
| Cap/Sales | 1.43% | ||
| Interest Coverage | 9.33 | ||
| Cash Conversion | 64.1% | ||
| Profit Quality | 173.52% | ||
| Current Ratio | 2.14 | ||
| Quick Ratio | 2.14 | ||
| Altman-Z | 0.92 |
F-Score7
WACC10.1%
ROIC/WACC0.42
Cap/Depr(3y)32.41%
Cap/Depr(5y)28.32%
Cap/Sales(3y)4.15%
Cap/Sales(5y)4.56%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)600%
EPS 3YN/A
EPS 5Y-31.23%
EPS Q2Q%150%
EPS Next Y657.77%
EPS Next 2Y195.89%
EPS Next 3Y118.48%
EPS Next 5Y69.29%
Revenue 1Y (TTM)-11.24%
Revenue growth 3Y-9.35%
Revenue growth 5Y-12.45%
Sales Q2Q%-12.47%
Revenue Next Year-1.73%
Revenue Next 2Y2.84%
Revenue Next 3Y4.44%
Revenue Next 5YN/A
EBIT growth 1Y385%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year289.52%
EBIT Next 3Y74.01%
EBIT Next 5Y49.18%
FCF growth 1Y240.74%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y2185%
OCF growth 3YN/A
OCF growth 5Y-8.69%
BLACKBERRY LTD / BB FAQ
Can you provide the ChartMill fundamental rating for BLACKBERRY LTD?
ChartMill assigns a fundamental rating of 4 / 10 to BB.
Can you provide the valuation status for BLACKBERRY LTD?
ChartMill assigns a valuation rating of 5 / 10 to BLACKBERRY LTD (BB). This can be considered as Fairly Valued.
What is the profitability of BB stock?
BLACKBERRY LTD (BB) has a profitability rating of 4 / 10.
Can you provide the financial health for BB stock?
The financial health rating of BLACKBERRY LTD (BB) is 4 / 10.