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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.
BlackBerryBB +1.81%57 Debt-to-EBITDA is 2.84 as of May. 2026, which is 8% above its 10-year median of 2.64. GuruFocus rates BB with a GF Score™ of 57/100 and a GF Value™ of $3.73 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,716 Software companies, BlackBerry ranks worse than 68.01% on this metric.
Debt-to-EBITDA measures a company's ability to pay off its debt.
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for BlackBerry's Debt-to-EBITDA or its related term are showing as below:
BB'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: -37.24 Med: 2.64 Max: 26.1
Current: 2.33
During the past 13 years, the highest Debt-to-EBITDA Ratio of BlackBerry was 26.10. The lowest was -37.24. And the median was 2.64.
BB's Debt-to-EBITDA is ranked worse than 68.01% of 1716
companies
in the Software industry
Industry Median: 1.085
vs BB: 2.33
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
BlackBerry Debt-to-EBITDA Related Terms
BlackBerry Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for BlackBerry's Debt-to-EBITDA 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.
For the Software - Infrastructure subindustry, BlackBerry's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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 Debt-to-EBITDA vs Software Industry
For the Software industry and Technology sector, BlackBerry's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where BlackBerry's Debt-to-EBITDA falls into.
* 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.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (May. 2026) EBITDA data.
BlackBerry (BB) has a Debt-to-EBITDA of 2.84 as of May. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BlackBerry. This is near median its historical median of 2.64. According to the industry distribution chart, BlackBerry ranks #1167 out of 1716 companies in the Software industry, placing it in the top 68%.
Is BlackBerry's Debt-to-EBITDA too high?
BlackBerry's current Debt-to-EBITDA of 2.84 is near median its 10-year median of 2.64. The Software industry median Debt-to-EBITDA is 1.09. BlackBerry's value of 2.84 is 161.8% above this industry median. Based on the distribution chart, BlackBerry ranks #1167 out of 1716 companies in the Software industry, which is below the industry midpoint. Overall, BlackBerry has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BlackBerry's Debt-to-EBITDA compare to MSFT and ORCL?
According to the Software industry distribution chart, BlackBerry ranks #1167 out of 1716 companies for Debt-to-EBITDA. This places BlackBerry in the lower half of its industry. The industry median Debt-to-EBITDA is 1.09. BlackBerry's value of 2.84 is 161.8% above this benchmark. While the company's 10-year median is 2.64 vs. the industry median of 1.09, 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 Debt-to-EBITDA for a Software company?
The median Debt-to-EBITDA among Software companies is 1.09, based on 1,716 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackBerry's current Debt-to-EBITDA of 2.84 is 161.8% 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 Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on BlackBerry. For the Software industry, the median Debt-to-EBITDA is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackBerry's current Debt-to-EBITDA is 2.84, which is near median its own 10-year median of 2.64. 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 (BB) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.73, compared to a current price of $8.99 — trading 141% above its estimated fair value. The current Debt-to-EBITDA is 2.84, which is near median its 10-year median of 2.64 and 161.8% above the Software industry median of 1.09. BlackBerry's overall GF Score™ is 57/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For BlackBerry (BB), the current Debt-to-EBITDA is 2.84 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 (BB) Overvalued in 2026?
Based on GuruFocus' analysis, BlackBerry stock appears to be overvalued.
The current stock price of $8.99 is trading 141% above its estimated GF Value™ of $3.73.
GuruFocus considers BlackBerry to be Significantly Overvalued.
Key valuation signals for BB:
Debt-to-EBITDA: 2.84 (near median its 10-year median of 2.64)
GF Value™: $3.73 vs. price of $8.99 (141% above fair value)
Industry Position: 161.8% above the Software median (#1167 of 1716)
No single metric tells the full story. See the BB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
57GF Score
Get the complete analysis for BB
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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