BlackBerry Ltd
TSX:BB

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BlackBerry Ltd
TSX:BB
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Price: 5.46 CAD 0.55%
Market Cap: 3.3B CAD

Relative Value

The Relative Value of one BB stock under the Base Case scenario is 4.55 CAD. Compared to the current market price of 5.46 CAD, BlackBerry Ltd is Overvalued by 17%.

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.

BB Relative Value
Base Case
4.55 CAD
Overvaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
34
vs Industry
29
Median 3Y
3.8
Median 5Y
3.9
Industry
2.4
Forward
4.5
vs History
vs Industry
Median 3Y
-10.4
Median 5Y
-9.9
Industry
22.5
Forward
41.1
vs History
12
vs Industry
0
Median 3Y
-18.8
Median 5Y
-8.5
Industry
17
vs History
12
vs Industry
Median 3Y
-12
Median 5Y
-14.4
Industry
21.4
vs History
31
vs Industry
33
Median 3Y
2.5
Median 5Y
2.5
Industry
2.9
vs History
36
vs Industry
28
Median 3Y
3.2
Median 5Y
3.5
Industry
2.4
Forward
4.2
vs History
41
vs Industry
36
Median 3Y
5
Median 5Y
5.3
Industry
4.9
vs History
31
vs Industry
7
Median 3Y
21
Median 5Y
14.5
Industry
12.6
Forward
27.5
vs History
7
vs Industry
26
Median 3Y
-22.4
Median 5Y
-13.7
Industry
16.3
Forward
34.3
vs History
12
vs Industry
1
Median 3Y
-18.3
Median 5Y
-6.9
Industry
15.4
vs History
3
vs Industry
Median 3Y
-16
Median 5Y
-12.3
Industry
18.7
vs History
25
vs Industry
41
Median 3Y
1.6
Median 5Y
1.7
Industry
2.4

Multiples Across Competitors

BB Competitors Multiples
BlackBerry Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
BlackBerry Ltd
TSX:BB
3.3B CAD 4.4 -30 26.6 56.8
US
Microsoft Corp
NASDAQ:MSFT
3.5T USD 12.8 35.7 22.8 28.3
US
Oracle Corp
NYSE:ORCL
473.5B USD 8.5 39 22.9 30.7
US
ServiceNow Inc
NYSE:NOW
210.1B USD 18.3 136.8 98.7 138.2
US
Palo Alto Networks Inc
NASDAQ:PANW
129.3B USD 14.6 104.5 95.5 128.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
115.1B USD 29 -5 938.9 1 159 -947.3
US
Fortinet Inc
NASDAQ:FTNT
78.2B USD 12.7 41.5 35.6 38
US
VMware Inc
XETRA:BZF1
58B EUR 4.8 46.3 21.4 36
US
Xperi Holding Corp
LSE:0M2A
54.6B USD 143.6 723 258.7 369.6
US
Zscaler Inc
NASDAQ:ZS
46.2B USD 18.2 -1 193.8 -3 721.1 -360.4
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
25.1B USD 9.6 29.4 24.5 26.9
P/E Multiple
Earnings Growth PEG
CA
BlackBerry Ltd
TSX:BB
Average P/E: 144.5
Negative Multiple: -30
N/A N/A
US
Microsoft Corp
NASDAQ:MSFT
35.7
15%
2.4
US
Oracle Corp
NYSE:ORCL
39
30%
1.3
US
ServiceNow Inc
NYSE:NOW
136.8
52%
2.6
US
Palo Alto Networks Inc
NASDAQ:PANW
104.5
4%
26.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -5 938.9 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
41.5
14%
3
US
V
VMware Inc
XETRA:BZF1
46.3
39%
1.2
US
Xperi Holding Corp
LSE:0M2A
723
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -1 193.8 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
29.4
17%
1.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
BlackBerry Ltd
TSX:BB
Average EV/EBITDA: 176.6
26.6
16%
1.7
US
Microsoft Corp
NASDAQ:MSFT
22.8
17%
1.3
US
Oracle Corp
NYSE:ORCL
22.9
24%
1
US
ServiceNow Inc
NYSE:NOW
98.7
53%
1.9
US
Palo Alto Networks Inc
NASDAQ:PANW
95.5
49%
1.9
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
1 159
177%
6.5
US
Fortinet Inc
NASDAQ:FTNT
35.6
17%
2.1
US
V
VMware Inc
XETRA:BZF1
21.4
19%
1.1
US
Xperi Holding Corp
LSE:0M2A
258.7
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -3 721.1 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
24.5
12%
2
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
BlackBerry Ltd
TSX:BB
Average EV/EBIT: 94.7
56.8
28%
2
US
Microsoft Corp
NASDAQ:MSFT
28.3
15%
1.9
US
Oracle Corp
NYSE:ORCL
30.7
28%
1.1
US
ServiceNow Inc
NYSE:NOW
138.2
64%
2.2
US
Palo Alto Networks Inc
NASDAQ:PANW
128.1
60%
2.1
US
CrowdStrike Holdings Inc
NASDAQ:CRWD
Negative Multiple: -947.3 N/A N/A
US
Fortinet Inc
NASDAQ:FTNT
38
17%
2.2
US
V
VMware Inc
XETRA:BZF1
36
30%
1.2
US
Xperi Holding Corp
LSE:0M2A
369.6
N/A N/A
US
Zscaler Inc
NASDAQ:ZS
Negative Multiple: -360.4 N/A N/A
IL
Check Point Software Technologies Ltd
NASDAQ:CHKP
26.9
15%
1.8