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BlackBerry (TSX:BB) Cyclically Adjusted PS Ratio : 1.16 (As of Apr. 27, 2024)


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What is BlackBerry Cyclically Adjusted PS Ratio?

As of today (2024-04-27), BlackBerry's current share price is C$3.87. BlackBerry's Cyclically Adjusted Revenue per Share for the quarter that ended in Feb. 2024 was C$3.35. BlackBerry's Cyclically Adjusted PS Ratio for today is 1.16.

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

TSX:BB' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.63   Max: 1.98
Current: 1.14

During the past years, BlackBerry's highest Cyclically Adjusted PS Ratio was 1.98. The lowest was 0.31. And the median was 0.63.

TSX:BB's Cyclically Adjusted PS Ratio is ranked better than
63.03% of 1412 companies
in the Software industry
Industry Median: 1.87 vs TSX:BB: 1.14

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 Feb. 2024 was C$0.398. 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 C$3.35 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


BlackBerry Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

BlackBerry Cyclically Adjusted PS Ratio Chart

BlackBerry Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.48 1.23 1.25 1.11 1.14

BlackBerry Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.11 1.75 1.97 1.40 1.14

Competitive Comparison of BlackBerry's Cyclically Adjusted PS Ratio

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's Cyclically Adjusted PS Ratio Distribution in the 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.



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
=3.87/3.35
=1.16

* 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 Feb. 2024 is calculated as:

For example, BlackBerry's adjusted Revenue per Share data for the three months ended in Feb. 2024 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=0.398/125.4675*125.4675
=0.398

Current CPI (Feb. 2024) = 125.4675.

BlackBerry Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201405 1.599 99.394 2.018
201408 1.898 99.315 2.398
201411 1.701 99.078 2.154
201502 1.560 99.078 1.976
201505 1.195 100.263 1.495
201508 0.965 100.579 1.204
201511 1.386 100.421 1.732
201602 1.220 100.421 1.524
201605 0.992 101.765 1.223
201608 0.830 101.686 1.024
201611 0.738 101.607 0.911
201702 0.635 102.476 0.777
201705 0.588 103.108 0.716
201708 0.507 103.108 0.617
201711 0.542 103.740 0.656
201802 0.491 104.688 0.588
201805 0.510 105.399 0.607
201808 0.458 106.031 0.542
201811 0.497 105.478 0.591
201902 0.547 106.268 0.646
201905 0.543 107.927 0.631
201908 0.528 108.085 0.613
201911 0.575 107.769 0.669
202002 0.607 108.559 0.702
202005 0.516 107.532 0.602
202008 0.613 108.243 0.711
202011 0.507 108.796 0.585
202102 0.471 109.745 0.538
202105 0.372 111.404 0.419
202108 0.388 112.668 0.432
202111 0.366 113.932 0.403
202202 0.369 115.986 0.399
202205 0.339 120.016 0.354
202208 0.340 120.569 0.354
202211 0.355 121.675 0.366
202302 0.316 122.070 0.325
202305 0.865 124.045 0.875
202308 0.305 125.389 0.305
202311 0.376 125.468 0.376
202402 0.398 125.468 0.398

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.


BlackBerry  (TSX:BB) 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

Thank you for viewing the detailed overview of BlackBerry's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


BlackBerry (TSX:BB) Business Description

Industry
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 communication for enterprises. The firm provides endpoint management and protection to enterprises, specializing in regulated industries like government, as well as embedded software to the automotive, medical, and industrial markets.