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Backblaze Inc
NASDAQ:BLZE

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Backblaze Inc
NASDAQ:BLZE
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Price: 9.39 USD 0.11% Market Closed
Updated: May 4, 2024

Relative Value

The Relative Value of one BLZE stock under the Base Case scenario is 5.57 USD. Compared to the current market price of 9.39 USD, Backblaze Inc is Overvalued by 41%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

BLZE Relative Value
Base Case
5.57 USD
Overvaluation 41%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
28
vs Industry
32
Median 3Y
2.5
Median 5Y
2.5
Industry
2.3
Forward
2.8
vs History
vs Industry
Median 3Y
-4.5
Median 5Y
-4.5
Industry
24.3
Forward
-9.1
vs History
vs Industry
Median 3Y
-12.9
Median 5Y
-12.9
Industry
17.2
vs History
vs Industry
Median 3Y
-5.9
Median 5Y
-5.9
Industry
21.8
vs History
9
vs Industry
13
Median 3Y
3.4
Median 5Y
3.4
Industry
2.8
vs History
25
vs Industry
32
Median 3Y
2
Median 5Y
2
Industry
2.3
Forward
2.7
vs History
21
vs Industry
31
Median 3Y
4.1
Median 5Y
4.1
Industry
4.8
vs History
vs Industry
Median 3Y
-6.2
Median 5Y
-6.2
Industry
13.4
Forward
33
vs History
vs Industry
Median 3Y
-3.8
Median 5Y
-3.8
Industry
17
Forward
-9.2
vs History
vs Industry
Median 3Y
-10.5
Median 5Y
-10.5
Industry
15.8
vs History
vs Industry
Median 3Y
-6.4
Median 5Y
-6.4
Industry
18.7
vs History
25
vs Industry
29
Median 3Y
1.9
Median 5Y
1.9
Industry
2.4

Multiples Across Competitors

BLZE Competitors Multiples
Backblaze Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Backblaze Inc
NASDAQ:BLZE
367.6m USD 3.6 -6.2 -12.2 -6.6
CA
Shopify Inc
NYSE:SHOP
95.8B USD 13.6 720.3 -11 463.3 -1 175.7
US
Snowflake Inc.
NYSE:SNOW
53.2B USD 19 -63.6 -50.7 -45.2
US
MongoDB Inc
NASDAQ:MDB
26.4B USD 15.7 -149.5 -121.2 -109.4
US
Cloudflare Inc
NYSE:NET
25.1B USD 19.4 -136.5 -497.8 -133.3
US
GoDaddy Inc
NYSE:GDDY
17.6B USD 4.1 12.8 25.8 32.7
US
Verisign Inc
NASDAQ:VRSN
16.8B USD 11.1 20.2 16.7 17.4
US
Okta Inc
NASDAQ:OKTA
16.1B USD 7.1 -45.5 -40.1 -32.8
US
Akamai Technologies Inc
NASDAQ:AKAM
15.1B USD 4 27.5 13.4 23.4
US
Twilio Inc
NYSE:TWLO
11.3B USD 2.7 -11.1 -77.9 -21.1
US
Switch Inc
NYSE:SWCH
8.4B USD 12.6 22.1 34.7 109.5
P/E Multiple
Earnings Growth
US
Backblaze Inc
NASDAQ:BLZE
Average P/E: 160.6
Negative Multiple: -6.2
N/A
CA
Shopify Inc
NYSE:SHOP
720.3
1 589%
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -63.6 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -149.5 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -136.5 N/A
US
GoDaddy Inc
NYSE:GDDY
12.8
-19%
US
Verisign Inc
NASDAQ:VRSN
20.2
20%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -45.5 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
27.5
124%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -11.1 N/A
US
Switch Inc
NYSE:SWCH
22.1
N/A
EV/EBITDA Multiple
EBITDA Growth
US
Backblaze Inc
NASDAQ:BLZE
Average EV/EBITDA: 22.6
Negative Multiple: -12.2
N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -11 463.3 N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -50.7 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -121.2 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -497.8 N/A
US
GoDaddy Inc
NYSE:GDDY
25.8
116%
US
Verisign Inc
NASDAQ:VRSN
16.7
21%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -40.1 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
13.4
55%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -77.9 N/A
US
Switch Inc
NYSE:SWCH
34.7
N/A
EV/EBIT Multiple
EBIT Growth
US
Backblaze Inc
NASDAQ:BLZE
Average EV/EBIT: 45.8
Negative Multiple: -6.6
N/A
CA
Shopify Inc
NYSE:SHOP
Negative Multiple: -1 175.7 N/A
US
Snowflake Inc.
NYSE:SNOW
Negative Multiple: -45.2 N/A
US
MongoDB Inc
NASDAQ:MDB
Negative Multiple: -109.4 N/A
US
Cloudflare Inc
NYSE:NET
Negative Multiple: -133.3 N/A
US
GoDaddy Inc
NYSE:GDDY
32.7
109%
US
Verisign Inc
NASDAQ:VRSN
17.4
18%
US
Okta Inc
NASDAQ:OKTA
Negative Multiple: -32.8 N/A
US
Akamai Technologies Inc
NASDAQ:AKAM
23.4
103%
US
Twilio Inc
NYSE:TWLO
Negative Multiple: -21.1 N/A
US
Switch Inc
NYSE:SWCH
109.5
N/A

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