BlackBerry (BUE:BBRY) Cyclically Adjusted PS Ratio: 5.23 (As of Sep. 08, 2026) — 393% Above Median

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.

BUE:BBRY BlackBerry Ltd BUE:BBRY
31 GF Score
Price ARS4,057.50
GF Value ARS2,017.31
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is BlackBerry Cyclically Adjusted PS Ratio?

BlackBerry BUE:BBRY -0.18% 31 Cyclically Adjusted PS Ratio is 5.23 as of Sep. 08, 2026, which is 393% above its 10-year median of 1.06. GuruFocus rates BUE:BBRY with a GF Score™ of 31/100 and a GF Value™ of ARS2,017.31 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,580 Software companies, BlackBerry ranks worse than 77.15% on this metric.

As of today (2026-09-08), BlackBerry's current share price is ARS4057.50. BlackBerry's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 was ARS775.81. BlackBerry's Cyclically Adjusted PS Ratio for today is 5.23.

The historical rank and industry rank for BlackBerry's Cyclically Adjusted PS Ratio or its related term are showing as below:

BUE:BBRY' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 1.06   Max: 7.61
Current: 4.95

During the past years, BlackBerry's highest Cyclically Adjusted PS Ratio was 7.61. The lowest was 0.31. And the median was 1.06.

BUE:BBRY's Cyclically Adjusted PS Ratio is ranked worse than
77.15% of 1580 companies
in the Software industry
Industry Median: 1.675 vs BUE:BBRY: 4.95

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

BlackBerry's adjusted revenue per share data for the three months ended in May. 2026 was ARS121.292. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is ARS775.81 for the trailing ten years ended in May. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BlackBerry  (BUE:BBRY) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


BlackBerry Cyclically Adjusted PS Ratio Related Terms


BlackBerry Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BlackBerry's Cyclically Adjusted PS Ratio 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 PS Ratio Chart

BlackBerry Annual Data
Trend Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.25 1.12 1.15 2.58 2.11

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 PS Ratio 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 2.14 2.15 2.46 2.11 5.75

BUE:BBRY vs MSFT, PLTR, ORCL: Cyclically Adjusted PS Ratio Comparison

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


BlackBerry Cyclically Adjusted PS Ratio vs Software Industry

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

* The bar in red indicates where BlackBerry's Cyclically Adjusted PS Ratio falls into.


BUE:BBRY
31GF Score
BlackBerry Ltd BUE:BBRY
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BlackBerry Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

BlackBerry's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=4057.50/775.81
=5.23

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in May. 2026 is calculated as:

For example, BlackBerry's adjusted Revenue per Share data for the three months ended in May. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of May. 2026 (Change)*Current CPI (May. 2026)
=121.292/134.0005*134.0005
=121.292

Current CPI (May. 2026) = 134.0005.

BlackBerry Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201608 3.176 101.686 4.185
201611 2.760 101.607 3.640
201702 2.496 102.476 3.264
201705 2.324 103.108 3.020
201708 2.331 103.108 3.029
201711 2.464 103.740 3.183
201802 2.623 104.688 3.357
201805 2.712 105.399 3.448
201808 3.207 106.031 4.053
201811 4.499 105.478 5.716
201902 5.145 106.268 6.488
201905 5.948 107.927 7.385
201908 5.814 108.085 7.208
201911 8.617 107.769 10.714
202002 9.177 108.559 11.328
202005 8.200 107.532 10.218
202008 11.169 108.243 13.827
202011 9.341 108.796 11.505
202102 10.830 109.745 13.224
202105 9.555 111.404 11.493
202108 9.598 112.668 11.415
202111 9.687 113.932 11.393
202202 10.181 115.986 11.762
202205 10.125 120.016 11.305
202208 11.573 120.569 12.862
202211 13.842 121.675 15.244
202302 2.070 122.070 2.272
202305 47.443 124.045 51.251
202308 20.809 125.389 22.238
202311 27.772 125.468 29.661
202402 29.769 125.468 31.794
202405 61.120 127.601 64.185
202408 66.264 127.838 69.458
202411 79.833 127.838 83.682
202502 84.399 128.786 87.816
202505 79.907 129.813 82.485
202508 96.300 130.208 99.105
202511 114.944 130.682 117.863
202602 122.839 131.077 125.579
202605 121.292 134.001 121.292

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 5.23 mean?
BlackBerry (BUE:BBRY) has a Cyclically Adjusted PS Ratio of 5.23 as of Sep. 08, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on BlackBerry and its competitors. This is 393% above median its historical median of 1.06. Over the past decade, BlackBerry's Cyclically Adjusted PS Ratio has ranged from 0.31 to 7.61. According to the industry distribution chart, BlackBerry ranks #1219 out of 1580 companies in the Software industry, placing it in the top 77.2%.
Is BlackBerry's Cyclically Adjusted PS Ratio too high?
BlackBerry's current Cyclically Adjusted PS Ratio of 5.23 is 393% above median its 10-year median of 1.06. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 7.61. The Software industry median Cyclically Adjusted PS Ratio is 1.68. BlackBerry's value of 5.23 is 212.2% above this industry median. Based on the distribution chart, BlackBerry ranks #1219 out of 1580 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, BlackBerry has a GF Score™ of 31/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BlackBerry's Cyclically Adjusted PS Ratio compare to MSFT and PLTR?
According to the Software industry distribution chart, BlackBerry ranks #1219 out of 1580 companies for Cyclically Adjusted PS Ratio. This places BlackBerry in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.68. BlackBerry's value of 5.23 is 212.2% above this benchmark. Historically, BlackBerry's own Cyclically Adjusted PS Ratio has ranged from 0.31 to 7.61 over the past decade. While the company's 10-year median is 1.06 vs. the industry median of 1.68, BlackBerry has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.68, based on 1,580 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackBerry's current Cyclically Adjusted PS Ratio of 5.23 is 212.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on BlackBerry and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.68 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackBerry's current Cyclically Adjusted PS Ratio is 5.23, which is 393% above median its own 10-year median of 1.06. 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 (BUE:BBRY) is currently considered Significantly Overvalued. The stock's GF Value™ is ARS2,017.31, compared to a current price of ARS4,057.50 — trading 101.1% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 5.23, which is 393% above median its 10-year median of 1.06 and 212.2% above the Software industry median of 1.68. BlackBerry's overall GF Score™ is 31/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For BlackBerry (BUE:BBRY), the current Cyclically Adjusted PS Ratio is 5.23 as of Sep. 08, 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 (BUE:BBRY) Overvalued in 2026?

Based on GuruFocus' analysis, BlackBerry stock appears to be overvalued. The current stock price of ARS4,057.50 is trading 101.1% above its estimated GF Value™ of ARS2,017.31. GuruFocus considers BlackBerry to be Significantly Overvalued.

Key valuation signals for BUE:BBRY:

  • Cyclically Adjusted PS Ratio: 5.23 (393% above median its 10-year median of 1.06)
  • GF Value™: ARS2,017.31 vs. price of ARS4,057.50 (101.1% above fair value)
  • GF Score™: 31/100 with 3 warning signs
  • Industry Position: 212.2% above the Software median (#1219 of 1580)

No single metric tells the full story. See the BUE:BBRY 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.
31GF Score

Get the complete analysis for BUE:BBRY

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

ARS4,057.50
Price
ARS2,017.31
GF Value