BlackLine (MEX:BL) Cyclically Adjusted Book per Share: MXN103.20 (As of Jun. 2026)

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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.
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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.

MEX:BL BlackLine Inc MEX:BL
57 GF Score
Price MXN456.90
GF Value MXN896.08
! 5 Warning Signs
View Full Analysis

What is BlackLine Cyclically Adjusted Book per Share?

BlackLine MEX:BL 57 Cyclically Adjusted Book per Share is MXN103.20 as of Jun. 2026. GuruFocus rates MEX:BL with a GF Score™ of 57/100 and a GF Value™ of MXN896.08. 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 MXN94.505. 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 MXN103.20 for the trailing ten years ended in Jun. 2026.

During the past 12 months, BlackLine's average Cyclically Adjusted Book Growth Rate was 3.60% 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 (2026-08-25), BlackLine's current stock price is MXN456.90. BlackLine's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was MXN103.20. BlackLine's Cyclically Adjusted PB Ratio of today is 4.43.

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 7.94.


BlackLine  (MEX:BL) 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
=456.90/103.20
=4.43

* 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 7.94.


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 0.00 103.20

MEX:BL 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.


MEX:BL
57GF Score
BlackLine Inc MEX:BL
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)
=94.505/333.9520*333.9520
=94.505

Current CPI (Jun. 2026) = 333.9520.

BlackLine Quarterly Data

Book Value per Share CPI Adj_Book
201609 59.792 241.428 82.706
201612 117.165 241.432 162.064
201703 104.396 243.801 142.999
201706 102.243 244.955 139.390
201709 101.584 246.819 137.446
201712 117.617 246.524 159.329
201803 107.955 249.554 144.465
201806 114.636 251.989 151.923
201809 110.373 252.439 146.013
201812 114.639 251.233 152.384
201903 112.986 254.202 148.433
201906 113.636 256.143 148.155
201909 140.680 256.759 182.975
201912 134.413 256.974 174.677
202003 164.775 258.115 213.188
202006 166.362 257.797 215.506
202009 160.868 260.280 206.402
202012 145.553 260.474 186.613
202103 119.617 264.877 150.811
202106 114.879 271.696 141.202
202109 119.476 274.310 145.453
202112 113.044 278.802 135.405
202203 22.206 287.504 25.794
202206 26.740 296.311 30.137
202209 26.224 296.808 29.506
202212 36.339 296.797 40.888
202303 34.869 301.836 38.579
202306 49.609 305.109 54.299
202309 61.334 307.789 66.548
202312 71.987 306.746 78.372
202403 75.145 312.332 80.347
202406 95.994 314.175 102.037
202409 116.024 315.301 122.887
202412 148.307 315.605 156.929
202503 137.318 319.799 143.395
202506 125.987 322.561 130.436
202509 100.470 324.800 103.301
202512 99.928 324.054 102.980
202603 93.238 330.213 94.294
202606 94.505 333.952 94.505

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 MXN103.20 mean?
BlackLine (MEX:BL) has a Cyclically Adjusted Book per Share of MXN103.20 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 MXN103.20. Overall, BlackLine has a GF Score™ of 57/100, 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 MXN103.20 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 MXN103.20. 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?
BlackLine (MEX:BL) has a current Cyclically Adjusted Book per Share of MXN103.20. The stock's GF Value™ is MXN896.08, compared to a current price of MXN456.90 — trading 49% below its estimated fair value. The current Cyclically Adjusted Book per Share is MXN103.20. BlackLine's overall GF Score™ is 57/100 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 (MEX:BL), the current Cyclically Adjusted Book per Share is MXN103.20 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 (MEX:BL) Overvalued in 2026?

Based on GuruFocus' analysis, BlackLine stock appears to be undervalued. The current stock price of MXN456.90 is trading 49% below its estimated GF Value™ of MXN896.08.

Key valuation signals for MEX:BL:

  • Cyclically Adjusted Book per Share: MXN103.20
  • GF Value™: MXN896.08 vs. price of MXN456.90 (49% below fair value)
  • GF Score™: 57/100 with 5 warning signs

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


BlackLine Business Description

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.
57GF Score

Get the complete analysis for MEX:BL

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

MXN456.90
Price
MXN896.08
GF Value