BLZE (Backblaze) ROE % Adjusted to Book Value: -2.16% (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Charlie Tian
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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.

BLZE Backblaze Inc BLZE
40 GF Score
Price $19.26
GF Value $5.82
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Backblaze ROE % Adjusted to Book Value?

Backblaze BLZE +2.39% 40 ROE % Adjusted to Book Value is -2.16% as of Jun. 2026. GuruFocus rates BLZE with a GF Score™ of 40/100 and a GF Value™ of $5.82 (Significantly Overvalued). The stock has 5 warning signs investors should review.

Backblaze's ROE % for the quarter that ended in Jun. 2026 was -23.51%. Backblaze's PB Ratio for the quarter that ended in Jun. 2026 was 10.89. Backblaze's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 was -2.16%.


Backblaze ROE % Adjusted to Book Value Related Terms


Backblaze ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Backblaze's ROE % Adjusted to Book Value 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.

Backblaze ROE % Adjusted to Book Value Chart

Backblaze Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial -9.12 -20.93 -15.89 -19.13 -9.68

Backblaze Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
ROE % Adjusted to Book Value 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 -9.25 -2.88 -7.93 -11.96 -2.16

BLZE vs CCSI, SABR, RPD: ROE % Adjusted to Book Value Comparison

For the Software - Infrastructure subindustry, Backblaze's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Software Industry

For the Software industry and Technology sector, Backblaze's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Backblaze's ROE % Adjusted to Book Value falls into.


BLZE
40GF Score
Backblaze Inc BLZE
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Backblaze ROE % Adjusted to Book Value Calculation

Backblaze's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-31.85% / 3.29
=-9.68%

Backblaze's ROE % Adjusted to Book Value for the quarter that ended in Jun. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-23.51% / 10.89
=-2.16%

* 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.

What does a ROE % Adjusted to Book Value of -2.16% mean?
Backblaze (BLZE) has a ROE % Adjusted to Book Value of -2.16% as of Jun. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Backblaze and its competitors.
Is Backblaze's ROE % Adjusted to Book Value too high?
Backblaze's current ROE % Adjusted to Book Value is -2.16%. 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 ROE % Adjusted to Book Value compare to CCSI and SABR?
Backblaze's ROE % Adjusted to Book Value of -2.16% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Software company?
A good ROE % Adjusted to Book Value depends on the Software industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Backblaze and its competitors. Backblaze's current ROE % Adjusted to Book Value is -2.16%. 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 $5.82, compared to a current price of $19.26 — trading 230.9% above its estimated fair value. The current ROE % Adjusted to Book Value is -2.16%. Backblaze's overall GF Score™ is 40/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Backblaze (BLZE), the current ROE % Adjusted to Book Value is -2.16% as of Jun. 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 $19.26 is trading 230.9% above its estimated GF Value™ of $5.82. GuruFocus considers Backblaze to be Significantly Overvalued.

Key valuation signals for BLZE:

  • ROE % Adjusted to Book Value: -2.16%
  • GF Value™: $5.82 vs. price of $19.26 (230.9% above fair value)
  • GF Score™: 40/100 with 5 warning signs

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 Business Description

Address 2261 Market Street, Suite 81006, San Francisco, CA, USA, 94114
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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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$19.26
Price
$5.82
GF Value