Obermatt

BlackBerry

TOR:BB · CA09228F1036
SoftwareMedium

360

31
EV / EBIT8
Price / Owner Earnings7
Owner Earnings Yield34
Dividend Yield1
Price/Sales19
EV / Gross Profit21
Price/Book29
Return on Capital41
Cash Return on Capital39
Return on Equity34
EBIT Margin50
Gross Profitability43
Cash Conversion7
Accruals31
Owner Earnings Margin49
Sales growth51
Profit Growth40
Long-Term EPS Growth100
Reinvestment57
Price momentum94
Debt load46
Refinancing57
Debt Payback100
Liquidity78
Analyst ratings13
Opinion Changes38
Price Target Upside1
Market mood33
Value Creation14/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

BlackBerry generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryCanada
IndustrySoftware
SizeMedium
TypePublic Company
ExchangeTSX
Founded1984
Employees2,457
ISINCA09228F1036
Last UpdateApr 2, 2026
Themes
Identity and Access ManagementEncryptionNetwork SecurityProcess AutomationEndpoint Security IntegritySoftware DevelopmentData ProtectionDefenseTechCloud SecurityAuthenticationEmbedded SystemsHardwareMobileTelecommunicationsWireless

Description

BlackBerry Limited (‘BlackBerry’) provides intelligent software and services to enterprises, governments, and leading OEMs around the world. The company has two core divisions, QNX, and Secure Communications, each addressing large and growing market…

Analysis

Hope premium

BlackBerry Limited is priced well ahead of what the underlying numbers justify, a pattern we describe as a hope premium.

On valuation, the picture is expensive. The owner-earnings multiple stands at 79.7×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around 25% a year, against analyst forecasts of 43%. The price, in other words, assumes less than the experts do.

Growth is solid; the safety picture is sturdy. The company scores 14/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
25
2023202420252026

All-time high

59

Jan 2023

All-time low

5

Jan 2024

Average rank

25

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
19
47
80
51
Price/Earnings
18
23
77
4
Price/Book
29
58
76
97
Dividend Yield
1
1
1
1
Value (overall)
16
35
66
65

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

Similar Stocks

The companies this stock is ranked against.

Compare BlackBerry with its peers
HP Inc
NYQ:HPQ
51
CountryUSA
IndustryTechnology Hardware, Storage & Peripherals
SizeX-Large
Full Stock Analysis →
CrowdStrike Holdings
NSQ:CRWD
25
CountryUSA
IndustrySoftware
SizeX-Large
Full Stock Analysis →
Rapid7
NMQ:RPD
29
CountryUSA
IndustrySoftware
SizeMedium
Full Stock Analysis →
Box
NYQ:BOX
60
CountryUSA
IndustrySoftware
SizeLarge
Full Stock Analysis →
Varonis Systems
NSQ:VRNS
8
CountryUSA
IndustrySoftware
SizeMedium
Full Stock Analysis →
ServiceNow
NYQ:NOW
90
CountryUSA
IndustrySoftware
SizeX-Large
Full Stock Analysis →

Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →