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BackblazeBLZE -1.36%40 EV-to-EBITDA is 87.60 as of Aug. 31, 2026. GuruFocus rates BLZE with a GF Score™ of 40/100 and a GF Value™ of $5.91 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 1,954 Software companies, Backblaze ranks worse than 92.73% on this metric.
EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Backblaze's enterprise value is $907.2 Mil.
Backblaze's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $10.4 Mil. Therefore, Backblaze's EV-to-EBITDA for today is 87.60.
The historical rank and industry rank for Backblaze's EV-to-EBITDA or its related term are showing as below:
BLZE'
s EV-to-EBITDA Range Over the Past 10 Years
Min: -274.46 Med: -10.48 Max: 200.71
Current: 87.6
During the past 7 years, the highest EV-to-EBITDA of Backblaze was 200.71. The lowest was -274.46. And the median was -10.48.
BLZE's EV-to-EBITDA is ranked worse than 92.73% of 1954
companies
in the Software industry
Industry Median: 10.54
vs BLZE: 87.60
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.
EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Backblaze's share price for today is $14.13.
Backblaze's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-0.340.
* 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.
Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).
The historical data trend for Backblaze's EV-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, Backblaze's EV-to-EBITDA, along with its competitors' market caps and EV-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.
Backblaze EV-to-EBITDA vs Software Industry
For the Software industry and Technology sector, Backblaze's EV-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Backblaze's EV-to-EBITDA falls into.
Backblaze's current Enterprise Value is $907.2 Mil.
Backblaze's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $10.4 Mil.
* 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.
Backblaze (BLZE) has a EV-to-EBITDA of 87.60 as of Aug. 31, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Backblaze. According to the industry distribution chart, Backblaze ranks #1812 out of 1954 companies in the Software industry, placing it in the top 92.7%.
Is Backblaze's EV-to-EBITDA too high?
Backblaze's current EV-to-EBITDA is 87.60. The Software industry median EV-to-EBITDA is 10.54. Backblaze's value of 87.60 is 731.1% above this industry median. Based on the distribution chart, Backblaze ranks #1812 out of 1954 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Backblaze has a GF Score™ of 40/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Backblaze's EV-to-EBITDA compare to SABR and RPD?
According to the Software industry distribution chart, Backblaze ranks #1812 out of 1954 companies for EV-to-EBITDA. This places Backblaze in the lower half of its industry. The industry median EV-to-EBITDA is 10.54. Backblaze's value of 87.60 is 731.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.54, based on 1,954 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Backblaze's current EV-to-EBITDA of 87.60 is 731.1% 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 EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Backblaze. For the Software industry, the median EV-to-EBITDA is 10.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Backblaze's current EV-to-EBITDA is 87.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Backblaze stock overvalued right now?
Based on GuruFocus' analysis, Backblaze (BLZE) is currently considered Significantly Overvalued. The stock's GF Value™ is $5.91, compared to a current price of $14.13 — trading 139.1% above its estimated fair value. The current EV-to-EBITDA is 87.60 and 731.1% above the Software industry median of 10.54. Backblaze's overall GF Score™ is 40/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Backblaze (BLZE), the current EV-to-EBITDA is 87.60 as of Aug. 31, 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 Backblaze (BLZE) Overvalued in 2026?
Based on GuruFocus' analysis, Backblaze stock appears to be overvalued.
The current stock price of $14.13 is trading 139.1% above its estimated GF Value™ of $5.91.
GuruFocus considers Backblaze to be Significantly Overvalued.
Key valuation signals for BLZE:
EV-to-EBITDA: 87.60
GF Value™: $5.91 vs. price of $14.13 (139.1% above fair value)
Industry Position: 731.1% above the Software median (#1812 of 1954)
No single metric tells the full story. See the BLZE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Backblaze Inc offers a cloud storage platform designed to help businesses and consumers store, use, and protect their data. The company delivers its services through the Backblaze Storage Cloud platform, a purpose-built, web-scale software architecture operating on commodity hardware. Backblaze's offerings include B2 Cloud Storage, an Infrastructure-as-a-Service (IaaS) solution, and Computer Backup, a Software-as-a-Service (SaaS) solution. Its customer base includes individuals, developers, MSPs, small and medium-sized businesses, and large enterprises across industries, academic institutions, government agencies, and other enterprises. Geographically, the company generates maximum revenue from its business in the United States, followed by the United Kingdom, Canada, and other markets.
40GF Score
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