BlackBerry (HAM:RI1) Cyclically Adjusted FCF per Share: €0.00 (As of May. 2026)

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HAM:RI1 BlackBerry Ltd HAM:RI1
60 GF Score
Price €9.89
GF Value €3.36
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is BlackBerry Cyclically Adjusted FCF per Share?

BlackBerry HAM:RI1 +3.34% 60 Cyclically Adjusted FCF per Share is €0.00 as of May. 2026. GuruFocus rates HAM:RI1 with a GF Score™ of 60/100 and a GF Value™ of €3.36 (Significantly Overvalued). The stock has 6 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

BlackBerry's adjusted free cash flow per share for the three months ended in May. 2026 was €0.000. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is €0.00 for the trailing ten years ended in May. 2026.

During the past 12 months, BlackBerry's average Cyclically Adjusted FCF Growth Rate was -100.00% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of BlackBerry was 152.00% per year. The lowest was -77.30% per year. And the median was -3.50% per year.

As of today (2026-07-15), BlackBerry's current stock price is €9.89. BlackBerry's Cyclically Adjusted FCF per Share for the quarter that ended in May. 2026 was €0.00. BlackBerry's Cyclically Adjusted Price-to-FCF of today is .

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BlackBerry was 1480.00. The lowest was 8.34. And the median was 18.97.


BlackBerry  (HAM:RI1) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of BlackBerry was 1480.00. The lowest was 8.34. And the median was 18.97.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


BlackBerry Cyclically Adjusted FCF per Share Related Terms


BlackBerry Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for BlackBerry's Cyclically Adjusted FCF 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.

BlackBerry Cyclically Adjusted FCF per Share Chart

BlackBerry Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.03 -0.16 0.10 0.06 0.04

BlackBerry Quarterly Data
Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26 May26
Cyclically Adjusted FCF 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 0.04 0.02 0.02 0.04 0.00

HAM:RI1 vs MSFT, ORCL, PLTR: Cyclically Adjusted FCF per Share Comparison

For the Software - Infrastructure subindustry, BlackBerry's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


BlackBerry Cyclically Adjusted Price-to-FCF vs Software Industry

For the Software industry and Technology sector, BlackBerry's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where BlackBerry's Cyclically Adjusted Price-to-FCF falls into.


HAM:RI1
60GF Score
BlackBerry Ltd HAM:RI1
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackBerry Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, BlackBerry's adjusted Free Cash Flow per Share data for the three months ended in May. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of May. 2026 (Change)*Current CPI (May. 2026)
=0/134.0005*134.0005
=0.000

Current CPI (May. 2026) = 134.0005.

BlackBerry Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201608 -0.077 101.686 -0.101
201611 -0.291 101.607 -0.384
201702 -0.014 102.476 -0.018
201705 1.419 103.108 1.844
201708 -0.009 103.108 -0.012
201711 -0.022 103.740 -0.028
201802 -0.236 104.688 -0.302
201805 -0.030 105.399 -0.038
201808 0.023 106.031 0.029
201811 0.069 105.478 0.088
201902 0.010 106.268 0.013
201905 -0.107 107.927 -0.133
201908 0.006 108.085 0.007
201911 0.041 107.769 0.051
202002 0.034 108.559 0.042
202005 -0.066 107.532 -0.082
202008 0.032 108.243 0.040
202011 0.032 108.796 0.039
202102 0.053 109.745 0.065
202105 -0.059 111.404 -0.071
202108 0.007 112.668 0.008
202111 -0.040 113.932 -0.047
202202 -0.003 115.986 -0.003
202205 -0.076 120.016 -0.085
202208 -0.054 120.569 -0.060
202211 -0.301 121.675 -0.331
202302 -0.031 122.070 -0.034
202305 0.140 124.045 0.151
202308 -0.093 125.389 -0.099
202311 -0.051 125.468 -0.054
202402 -0.030 125.468 -0.032
202405 -0.028 127.601 -0.029
202408 -0.029 127.838 -0.030
202411 0.005 127.838 0.005
202502 0.064 128.786 0.067
202505 -0.030 129.813 -0.031
202508 0.002 130.208 0.002
202511 0.023 130.682 0.024
202602 0.061 131.077 0.062
202605 0.000 134.001 0.000

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of €0.00 mean?
BlackBerry (HAM:RI1) has a Cyclically Adjusted FCF per Share of €0.00 as of May. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on BlackBerry and its competitors.
Is BlackBerry's Cyclically Adjusted FCF per Share too high?
BlackBerry's current Cyclically Adjusted FCF per Share is €0.00. Overall, BlackBerry has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BlackBerry's Cyclically Adjusted FCF per Share compare to MSFT and ORCL?
BlackBerry's Cyclically Adjusted FCF per Share of €0.00 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 FCF per Share for a Software company?
A good Cyclically Adjusted FCF per Share depends on the Software industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on BlackBerry and its competitors. BlackBerry's current Cyclically Adjusted FCF per Share is €0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BlackBerry stock overvalued right now?
Based on GuruFocus' analysis, BlackBerry (HAM:RI1) is currently considered Significantly Overvalued. The stock's GF Value™ is €3.36, compared to a current price of €9.89 — trading 194.3% above its estimated fair value. The current Cyclically Adjusted FCF per Share is €0.00. BlackBerry's overall GF Score™ is 60/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For BlackBerry (HAM:RI1), the current Cyclically Adjusted FCF per Share is €0.00 as of May. 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 BlackBerry (HAM:RI1) Overvalued in 2026?

Based on GuruFocus' analysis, BlackBerry stock appears to be overvalued. The current stock price of €9.89 is trading 194.3% above its estimated GF Value™ of €3.36. GuruFocus considers BlackBerry to be Significantly Overvalued.

Key valuation signals for HAM:RI1:

  • Cyclically Adjusted FCF per Share: €0.00
  • GF Value™: €3.36 vs. price of €9.89 (194.3% above fair value)
  • GF Score™: 60/100 with 6 warning signs

No single metric tells the full story. See the HAM:RI1 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


BlackBerry Business Description

Address 2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7
BlackBerry, once known for being the world's largest smartphone manufacturer, is now exclusively a software provider with a stated goal of end-to-end secure communications for enterprises. The firm provides endpoint management and other secure communications software to enterprises, specializing in regulated industries like government and financial institutions. BlackBerry also has a sizable embedded software business primarily serving the automotive market, with some exposure to the industrial market.
60GF Score

Get the complete analysis for HAM:RI1

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

€9.89
Price
€3.36
GF Value