BlackLine (BSP:B2LN34) Cyclically Adjusted Book per Share: R$2.70 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

BSP:B2LN34 BlackLine Inc BSP:B2LN34
36 GF Score
Price R$12.73
GF Value R$28.26
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is BlackLine Cyclically Adjusted Book per Share?

BlackLine BSP:B2LN34 36 Cyclically Adjusted Book per Share is R$2.70 as of Jun. 2026. GuruFocus rates BSP:B2LN34 with a GF Score™ of 36/100 and a GF Value™ of R$28.26 (Possible Value Trap). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

BlackLine's adjusted book value per share for the three months ended in Jun. 2026 was R$27.752. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$2.70 for the trailing ten years ended in Jun. 2026.

During the past 12 months, BlackLine's average Cyclically Adjusted Book Growth Rate was 3.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-08-12), BlackLine's current stock price is R$12.73. BlackLine's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was R$2.70. BlackLine's Cyclically Adjusted PB Ratio of today is 4.71.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of BlackLine was 9.54. The lowest was 4.28. And the median was 8.04.


BlackLine  (BSP:B2LN34) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

BlackLine's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.73/2.70
=4.71

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of BlackLine was 9.54. The lowest was 4.28. And the median was 8.04.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


BlackLine Cyclically Adjusted Book per Share Related Terms


BlackLine Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for BlackLine's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BlackLine Cyclically Adjusted Book per Share Chart

BlackLine Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

BlackLine Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 2.70

BSP:B2LN34 vs QNT, WRD, BVC: Cyclically Adjusted Book per Share Comparison

For the Software - Application subindustry, BlackLine's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BlackLine Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, BlackLine's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where BlackLine's Cyclically Adjusted PB Ratio falls into.


BSP:B2LN34
36GF Score
BlackLine Inc BSP:B2LN34
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackLine Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, BlackLine's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=27.752/333.9520*333.9520
=27.752

Current CPI (Jun. 2026) = 333.9520.

BlackLine Quarterly Data

Book Value per Share CPI Adj_Book
201609 10.060 241.428 13.915
201612 19.061 241.432 26.365
201703 17.340 243.801 23.752
201706 18.640 244.955 25.412
201709 17.534 246.819 23.724
201712 19.733 246.524 26.731
201803 19.484 249.554 26.073
201806 22.000 251.989 29.156
201809 24.244 252.439 32.072
201812 22.673 251.233 30.138
201903 22.371 254.202 29.389
201906 22.810 256.143 29.739
201909 29.355 256.759 38.180
201912 29.252 256.974 38.015
202003 34.337 258.115 44.426
202006 37.395 257.797 48.442
202009 39.323 260.280 50.453
202012 37.645 260.474 48.264
202103 32.976 264.877 41.576
202106 29.020 271.696 35.670
202109 30.674 274.310 37.343
202112 31.162 278.802 37.326
202203 5.550 287.504 6.447
202206 6.709 296.311 7.561
202209 6.836 296.808 7.691
202212 9.777 296.797 11.001
202303 10.076 301.836 11.148
202306 14.045 305.109 15.373
202309 17.390 307.789 18.868
202312 20.780 306.746 22.623
202403 22.548 312.332 24.109
202406 28.222 314.175 29.999
202409 32.631 315.301 34.561
202412 43.385 315.605 45.907
202503 38.649 319.799 40.359
202506 37.107 322.561 38.417
202509 29.373 324.800 30.201
202512 30.278 324.054 31.203
202603 27.040 330.213 27.346
202606 27.752 333.952 27.752

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of R$2.70 mean?
BlackLine (BSP:B2LN34) has a Cyclically Adjusted Book per Share of R$2.70 as of Jun. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on BlackLine and its competitors.
Is BlackLine's Cyclically Adjusted Book per Share too high?
BlackLine's current Cyclically Adjusted Book per Share is R$2.70. Overall, BlackLine has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does BlackLine's Cyclically Adjusted Book per Share compare to QNT and WRD?
BlackLine's Cyclically Adjusted Book per Share of R$2.70 can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Software company?
A good Cyclically Adjusted Book per Share depends on the Software industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on BlackLine and its competitors. BlackLine's current Cyclically Adjusted Book per Share is R$2.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackLine stock overvalued right now?
Based on GuruFocus' analysis, BlackLine (BSP:B2LN34) is currently considered Possible Value Trap. The stock's GF Value™ is R$28.26, compared to a current price of R$12.73 — trading 55% below its estimated fair value. The current Cyclically Adjusted Book per Share is R$2.70. BlackLine's overall GF Score™ is 36/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For BlackLine (BSP:B2LN34), the current Cyclically Adjusted Book per Share is R$2.70 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is BlackLine (BSP:B2LN34) Overvalued in 2026?

Based on GuruFocus' analysis, BlackLine stock appears to be undervalued. The current stock price of R$12.73 is trading 55% below its estimated GF Value™ of R$28.26. GuruFocus considers BlackLine to be Possible Value Trap.

Key valuation signals for BSP:B2LN34:

  • Cyclically Adjusted Book per Share: R$2.70
  • GF Value™: R$28.26 vs. price of R$12.73 (55% below fair value)
  • GF Score™: 36/100 with 5 warning signs

No single metric tells the full story. See the BSP:B2LN34 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackLine Business Description

Other Exchanges BL:USABL:Mexico02B:Germany
Address 21300 Victory Boulevard, 12th Floor, Woodland Hills, CA, USA, 91367
BlackLine Inc is engaged in providing financial accounting close solutions delivered as Software as a Service (SaaS). The Company's solutions enable its customers to address various aspects of their critical processes, including financial close & consolidation, intercompany accounting, and invoice-to-cash. The majority of the revenue of the company is earned in the United States.
36GF Score

Get the complete analysis for BSP:B2LN34

Cyclically Adjusted Book per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$12.73
Price
R$28.26
GF Value