BlackBerry (TSX:BB) ROCE %: 15.59% (As of Feb. 2026)

What is BlackBerry ROCE %?

BlackBerry TSX:BB -2.23% 60 ROCE % is 15.59% as of Feb. 2026. GuruFocus rates TSX:BB with a GF Score™ of 60/100 and a GF Value™ of C$5.01 (Significantly Overvalued). The stock has 5 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. BlackBerry's annualized ROCE % for the quarter that ended in Feb. 2026 was 15.59%.

BlackBerry (TSX:BB) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

BlackBerry ROCE % Related Terms

BlackBerry ROCE % Historical Data

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The historical data trend for BlackBerry's ROCE % 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 ROCE % Chart

BlackBerry Annual Data

Trend

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Feb25

Feb26

ROCE %

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-9.39

-13.03

3.57

1.50

6.59

BlackBerry Quarterly Data
	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial															0.42	3.22	5.01	5.26	15.59

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BlackBerry Ltd TSX:BB

ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.

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BlackBerry ROCE % Calculation

BlackBerry's annualized ROCE % for the fiscal year that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Feb. 2026 )		(A: Feb. 2025 )		(A: Feb. 2026 )
	=	88.712	/	( ( (1852.578 - 492.315)	+	(1699.449 - 365.903) )	/ 2 )
	=	88.712	/	( (1360.263	+	1333.546)	/ 2 )
	=	88.712	/	1346.9045
	=	6.59 %

BlackBerry's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	209.632	/	( ( (1712.583 - 356.038)	+	(1699.449 - 365.903) )	/ 2 )
	=	209.632	/	( ( 1356.545	+	1333.546 )	/ 2 )
	=	209.632	/	1345.0455
	=	15.59 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of 15.59% mean?

BlackBerry (TSX:BB) has a ROCE % of 15.59% as of Feb. 2026.

Is BlackBerry's ROCE % too high?

BlackBerry's current ROCE % is 15.59%. The Software industry median ROCE % is 5.27. BlackBerry's value of 15.59% is 195.8% above this industry median. Overall, BlackBerry has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does BlackBerry's ROCE % compare to MSFT and ORCL?

BlackBerry's ROCE % of 15.59% can be compared against companies in the Software industry. The industry median ROCE % is 5.27. BlackBerry's value of 15.59% is 195.8% 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 ROCE % for a Software company?

The median ROCE % among Software companies is 5.27, based on 2,711 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BlackBerry's current ROCE % of 15.59% is 195.8% 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Software industry, the median ROCE % is 5.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BlackBerry's current ROCE % is 15.59%. 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 (TSX:BB) is currently considered Significantly Overvalued. The stock's GF Value™ is C$5.01, compared to a current price of C$12.26 — trading 144.7% above its estimated fair value. The current ROCE % is 15.59% and 195.8% above the Software industry median of 5.27. BlackBerry's overall GF Score™ is 60/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For BlackBerry (TSX:BB), the current ROCE % is 15.59% as of Feb. 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 (TSX:BB) Overvalued in 2026?

Based on GuruFocus' analysis, BlackBerry stock appears to be overvalued. The current stock price of C$12.26 is trading 144.7% above its estimated GF Value™ of C$5.01. GuruFocus considers BlackBerry to be Significantly Overvalued.

Key valuation signals for TSX:BB:

ROCE %: 15.59%
GF Value™: C$5.01 vs. price of C$12.26 (144.7% above fair value)
GF Score™: 60/100 with 5 warning signs
Industry Position: 195.8% above the Software median

No single metric tells the full story. See the TSX:BB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

BlackBerry Business Description

Industry Technology Software

Comparable Companies TSX:XNDU TSXV:TOI TSXV:QNC NEOE:BTQ XCNQ:BITZ.U TSX:CVO TSX:HAI TSX:STC XCNQ:RAIL XCNQ:ICS MSFT ORCL PLTR PANW CRWD FTNT SNPS HKSE:02513 NET CRWV

Other Exchanges BB:USA BBN:Mexico 0R0P:UK RI1:Germany BBRY:Argentina

Address 2200 University Avenue East, Waterloo, ON, CAN, N2K 0A7

Website https://www.blackberry.com

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.

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C$12.26

Price

C$5.01

GF Value

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