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BlackBerry (TSX:BB) E10 : C$-1.22 (As of Feb. 2024)


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What is BlackBerry E10?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

BlackBerry's adjusted earnings per share data for the three months ended in Feb. 2024 was C$-0.122. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is C$-1.22 for the trailing ten years ended in Feb. 2024.

During the past 3 years, the average E10 Growth Rate was 15.60% per year. During the past 5 years, the average E10 Growth Rate was -29.70% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of BlackBerry was 83.60% per year. The lowest was -88.30% per year. And the median was -22.75% per year.

As of today (2024-04-25), BlackBerry's current stock price is C$3.80. BlackBerry's E10 for the quarter that ended in Feb. 2024 was C$-1.22. BlackBerry's Shiller PE Ratio of today is .

During the past 13 years, the highest Shiller PE Ratio of BlackBerry was 242.57. The lowest was 3.21. And the median was 13.68.


BlackBerry E10 Historical Data

The historical data trend for BlackBerry's E10 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 E10 Chart

BlackBerry Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.99 -2.03 -2.47 -2.63 -1.22

BlackBerry Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
E10 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 -2.63 -2.65 -2.45 -1.32 -1.22

Competitive Comparison of BlackBerry's E10

For the Software - Infrastructure subindustry, BlackBerry's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio Distribution in the Software Industry

For the Software industry and Technology sector, BlackBerry's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where BlackBerry's Shiller PE Ratio falls into.



BlackBerry E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

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 earnings per share data for the three months ended in Feb. 2024 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=-0.122/125.4675*125.4675
=-0.122

Current CPI (Feb. 2024) = 125.4675.

BlackBerry Quarterly Data

per share eps CPI Adj_EPS
201405 -0.403 99.394 -0.509
201408 -0.426 99.315 -0.538
201411 -0.317 99.078 -0.401
201502 0.062 99.078 0.079
201505 -0.122 100.263 -0.153
201508 -0.316 100.579 -0.394
201511 -0.226 100.421 -0.282
201602 -0.621 100.421 -0.776
201605 -1.657 101.765 -2.043
201608 -0.923 101.686 -1.139
201611 -0.296 101.607 -0.366
201702 -0.131 102.476 -0.160
201705 1.674 103.108 2.037
201708 -0.101 103.108 -0.123
201711 -0.664 103.740 -0.803
201802 -0.076 104.688 -0.091
201805 -0.142 105.399 -0.169
201808 -0.052 106.031 -0.062
201811 -0.013 105.478 -0.015
201902 0.106 106.268 0.125
201905 -0.121 107.927 -0.141
201908 -0.133 108.085 -0.154
201911 -0.093 107.769 -0.108
202002 -0.093 108.559 -0.107
202005 -1.593 107.532 -1.859
202008 -0.053 108.243 -0.061
202011 -0.301 108.796 -0.347
202102 -0.711 109.745 -0.813
202105 -0.133 111.404 -0.150
202108 -0.315 112.668 -0.351
202111 -0.063 113.932 -0.069
202202 -0.038 115.986 -0.041
202205 -0.450 120.016 -0.470
202208 -0.129 120.569 -0.134
202211 -0.121 121.675 -0.125
202302 -1.144 122.070 -1.176
202305 -0.027 124.045 -0.027
202308 -0.094 125.389 -0.094
202311 -0.069 125.468 -0.069
202402 -0.122 125.468 -0.122

Add all the adjusted EPS together and divide 10 will get our e10.


BlackBerry  (TSX:BB) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

During the past 13 years, the highest Shiller P/E Ratio of BlackBerry was 242.57. The lowest was 3.21. And the median was 13.68.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


BlackBerry E10 Related Terms

Thank you for viewing the detailed overview of BlackBerry's E10 provided by GuruFocus.com. Please click on the following links to see related term pages.


BlackBerry (TSX:BB) 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 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.