BlackBerry Limited (BB) Financial Ratios
29 years of historical data (1997–2025) · Technology · Software - Infrastructure
EV/EBITDA
↑
113.45
↑+207% vs avg
5yr avg: 36.96
30Y Low2.0·High77.7
P/FCF
↑
810.87
↑+178% vs avg
5yr avg: 291.87
30Y Low8.0·High196.7
P/B Ratio
↑
7.26
↑+136% vs avg
5yr avg: 3.08
30Y Low0.7·High33.2
ROE
↑
-10.6%
↓+63% vs avg
5yr avg: -28.3%
30Y Low-90%·High41%
Debt/EBITDA
↑
5.25
↑+28% vs avg
5yr avg: 4.11
30Y Low0.0·High12.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BB Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
BlackBerry Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 810.9x P/FCF, 178% above the 5-year average of 291.9x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $5.2B | $2.8B | $1.6B | $2.5B | $4.3B | $5.6B | $3.2B | $5.4B | $6.6B | $3.7B | $4.9B |
| Enterprise Value | $5.2B | $2.8B | $1.7B | $2.6B | $4.6B | $6.3B | $3.6B | $5.5B | $6.6B | $3.5B | $5.2B |
| P/E Ratio → | -67.62 | — | — | — | — | — | — | 58.00 | 16.41 | — | — |
| P/S Ratio | 9.70 | 5.21 | 2.10 | 4.71 | 6.04 | 6.32 | 3.05 | 5.93 | 7.11 | 2.79 | 2.25 |
| P/B Ratio | 7.26 | 3.89 | 2.05 | 2.90 | 2.79 | 3.75 | 1.26 | 2.03 | 2.65 | 1.78 | 1.51 |
| P/FCF | 810.87 | 435.28 | — | — | — | 148.45 | — | 105.16 | 10.06 | — | 31.35 |
| P/OCF | 314.52 | 168.84 | — | — | — | 68.79 | 122.16 | 53.63 | 9.41 | — | 18.91 |
P/E links to full P/E history page with 30-year chart
BB EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
BlackBerry Limited's enterprise value stands at 113.4x EBITDA, 207% above its 5-year average of 37.0x. The Technology sector median is 16.6x, placing the stock at a 581% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.16 | 2.20 | 5.00 | 6.35 | 7.02 | 3.42 | 6.06 | 7.07 | 2.68 | 2.40 |
| EV / EBITDA | 113.45 | 60.62 | 24.04 | — | 26.21 | — | 56.45 | 26.22 | 14.33 | — | 13.18 |
| EV / EBIT | 6452.31 | 190.22 | 47.20 | — | — | — | — | — | — | — | — |
| EV / FCF | — | 430.96 | — | — | — | 165.00 | — | 107.46 | 10.00 | — | 33.41 |
BB Profitability
Margins and return-on-capital ratios measuring operating efficiency
BlackBerry Limited earns an operating margin of 0.1%. Operating margins have expanded from -39.3% to 0.1% over the past 3 years, signaling improving operational efficiency. A negative ROE of -10.6% indicates the company is currently destroying shareholder equity. ROIC of 0.1% represents below-average returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 73.8% | 73.8% | 64.6% | 69.7% | 65.0% | 72.0% | 73.4% | 77.2% | 71.9% | 47.1% | 43.6% |
| Operating Margin | 0.1% | 0.1% | 1.4% | -39.3% | -0.3% | -124.0% | -14.3% | 6.6% | 30.4% | -90.2% | -10.3% |
| Net Profit Margin | -14.8% | -14.8% | -17.2% | -139.5% | 1.7% | -123.6% | -14.6% | 10.3% | 43.5% | -92.1% | -9.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -10.6% | -10.6% | -15.9% | -60.9% | 0.8% | -54.7% | -5.9% | 3.6% | 17.8% | -45.8% | -6.3% |
| ROA | -5.9% | -5.9% | -8.5% | -34.6% | 0.4% | -32.9% | -3.9% | 2.4% | 11.5% | -27.4% | -3.4% |
| ROIC | 0.1% | 0.1% | 0.9% | -11.1% | -0.1% | -32.9% | -3.9% | 1.7% | 9.7% | -32.6% | -4.5% |
| ROCE | 0.1% | 0.1% | 1.1% | -13.3% | -0.1% | -42.9% | -4.8% | 1.8% | 9.4% | -33.1% | -4.6% |
BB Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
BlackBerry Limited carries a Debt/EBITDA ratio of 5.3x, which is highly leveraged (79% above the sector average of 2.9x). The company holds a net cash position — cash of $267M exceeds total debt of $239M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 0.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.33 | 0.33 | 0.32 | 0.52 | 0.39 | 0.56 | 0.30 | 0.25 | 0.31 | 0.29 | 0.40 |
| Debt / EBITDA | 5.25 | 5.25 | 3.63 | — | 3.45 | — | 12.02 | 3.18 | 1.70 | — | 3.25 |
| Net Debt / Equity | — | -0.04 | 0.10 | 0.17 | 0.14 | 0.42 | 0.15 | 0.04 | -0.01 | -0.07 | 0.10 |
| Net Debt / EBITDA | -0.61 | -0.61 | 1.11 | — | 1.28 | — | 6.03 | 0.56 | -0.07 | — | 0.81 |
| Debt / FCF | — | -4.33 | — | — | — | 16.55 | — | 2.29 | -0.05 | — | 2.06 |
| Interest Coverage | 0.13 | 0.13 | 1.96 | -32.31 | -0.34 | -70.03 | — | — | — | — | — |
Net cash position: cash ($267M) exceeds total debt ($239M)
BB Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.72x means BlackBerry Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has improved from 1.02x to 1.72x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.72 | 1.72 | 1.42 | 1.02 | 2.63 | 2.34 | 1.07 | 2.34 | 6.20 | 2.72 | 2.90 |
| Quick Ratio | 1.72 | 1.72 | 1.42 | 1.02 | 2.63 | 2.34 | 1.07 | 2.34 | 6.19 | 2.68 | 2.76 |
| Cash Ratio | 0.98 | 0.98 | 0.66 | 0.58 | 1.79 | 1.72 | 0.81 | 1.80 | 5.50 | 2.22 | 2.29 |
| Asset Turnover | — | 0.41 | 0.54 | 0.31 | 0.28 | 0.32 | 0.27 | 0.23 | 0.25 | 0.40 | 0.39 |
| Inventory Turnover | 87.33 | — | — | — | — | — | — | — | 87.33 | 26.62 | 8.52 |
| Days Sales Outstanding | — | 152.65 | 107.56 | 93.63 | 87.44 | 88.70 | 82.48 | 105.38 | 97.12 | 71.94 | 65.73 |
BB Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
BlackBerry Limited does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | 1.7% | 6.1% | — | — |
| FCF Yield | 0.1% | 0.2% | — | — | — | 0.7% | — | 1.0% | 9.9% | — | 3.2% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 1.9% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.3% | 0.0% | 1.9% |
| Shares Outstanding | — | $591M | $592M | $639M | $631M | $561M | $614M | $616M | $546M | $525M | $651M |
Peer Comparison
Compare BB 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 |
|---|---|---|---|---|---|---|---|---|---|
 BBYou | $5B | -67.6 | 113.4 | 810.9 | 73.8% | 0.1% | -10.6% | 0.1% | 5.3 |
 SAIL | $7B | -24.3 | — | 138.4 | 64.5% | -28.7% | -42.9% | -25.0% | — |
 CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
 TENB | $3B | -87.8 | 76.3 | 11.8 | 78.1% | 0.1% | -9.9% | 0.2% | 10.8 |
 VRNS | $4B | -28.9 | — | 28.5 | 79.1% | -23.5% | -24.5% | -11.0% | — |
 QLYS | $4B | 19.9 | 15.5 | 12.6 | 82.8% | 33.2% | 38.2% | 47.5% | 0.4 |
 CRWD | $172B | -1039.1 | — | 131.2 | 74.7% | -6.1% | -4.2% | -351.6% | — |
 S | $5B | -10.8 | — | 65.4 | 73.2% | -30.9% | -29.0% | -16.6% | — |
 PANW | $195B | 179.0 | 121.8 | 56.3 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 CHKP | $13B | 12.5 | 13.8 | 10.4 | 85.4% | 30.5% | 37.3% | 23.2% | 2.1 |
 FTNT | $108B | 59.8 | 47.5 | 48.3 | 80.8% | 30.6% | 135.7% | — | 0.4 |
| Technology Median | — | 28.3 | 16.6 | 18.8 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 29 years · Updated daily
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BB — Frequently Asked Questions
Quick answers to the most common questions about buying BB stock.
What is BlackBerry Limited's P/E ratio?
BlackBerry Limited's current P/E ratio is -67.6x. The historical average is 46.9x.
What is BlackBerry Limited's EV/EBITDA?
BlackBerry Limited's current EV/EBITDA is 113.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.6x.
What is BlackBerry Limited's ROE?
BlackBerry Limited's return on equity (ROE) is -10.6%. The historical average is -2.3%.
Is BB stock overvalued?
Based on historical data, BlackBerry Limited is trading at a P/E of -67.6x. Compare with industry peers and growth rates for a complete picture.
What are BlackBerry Limited's profit margins?
BlackBerry Limited has 73.8% gross margin and 0.1% operating margin.
How much debt does BlackBerry Limited have?
BlackBerry Limited's Debt/EBITDA ratio is 5.3x, indicating high leverage. A ratio above 4x may signal elevated financial risk.