BlackBerry Ltd (BB) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of BlackBerry Ltd $1.58, price $8.38, upside -81.2%, quality 69 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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BlackBerry Ltd
BB · USStructural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Stretched ValuationStrong overvaluation with only moderate quality.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $2.11 – $13.41 · fair‑value band $1.16 – $2.01 · the $8.38 price screens above the $1.58 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.
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Company profile
BlackBerry Limited provides intelligent software and services to enterprises and governments worldwide. The company operates through three segments: Secure Communications, QNX, and Licensing.
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BlackBerry Limited provides intelligent software and services to enterprises and governments worldwide. The company operates through three segments: Secure Communications, QNX, and Licensing. The company offers BlackBerry Dynamics, a development platform and secure container for mobile applications; BlackBerry Workspaces a secure Enterprise File Sync and Share (EFSS) solution; BlackBerry Messenger (BBM) Enterprise, an enterprise-grade secure instant messaging solution for messaging, voice, and video; BlackBerry SecuSUITE, a multi-OS voice and text messaging solution; BlackBerry AtHoc, a secure networked critical event management solution; and BlackBerry unified endpoint management (UEM) solutions. It also provides BlackBerry Certicom, a patented elliptic curve cryptography, which provides device security, anti-counterfeiting, and product authentication solutions; BlackBerry Radar offers asset monitoring and telematics solutions for transportation and logistics; and BlackBerry Development Platform, an enterprise-grade toolset. In addition, the company offers enterprise consulting and engineering consulting services. Further, it is involved in patent licensing. The company was formerly known as Research In Motion Limited and changed its name to BlackBerry Limited in July 2013. BlackBerry Limited was incorporated in 1984 and is headquartered in Waterloo, Canada.
Stock analysis
BlackBerry Ltd (BB) currently trades at $8.38, while our model-based Fair Value estimate is $1.58, implying the stock looks roughly 430.5% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $1.94 per share, and 0 of the 22 models we run sit above the $8.38 price.
Bear case: the Earnings-Based group reads lowest at $0.7700, and 22 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: $1.16 (bear) to $2.01 (bull), the price of $8.38 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 69/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
BlackBerry Ltd reported revenue of $558M in FY2026 versus $718M in FY2022, a compound −6.1%/yr. Reported net income was $54.1M in FY2026, compounding +45.7%/yr from FY2022.
Key figures
Market cap $6.4B · P/E ratio 93.1 · P/S ratio 9.02 · EPS (TTM) $0.0900 · Net margin 9.7% · Return on equity 7.3% · Return on assets (EBIT) −1.2% · Operating margin 17.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat.
The share trades about 35% below its 52-week high and 166% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at −81%, BB screens richer than that median.
Fair Value models
All 22 models by family
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Set up alert →Quality Score breakdown
Of which business quality 68 · Market factors (momentum, volatility) 60
Revenue & earnings trend
Growth Forecast
BB screens 431% overvalued. Compare with Microsoft Corporation →
Recent news
- Is BlackBerry’s (TSX:BB) QNX Royalty Backlog Reframing Its Software Revenue Durability Narrative?
- BlackBerry (TSX:BB) Could Be 26% Undervalued As QNX Narrative Gains Attention
- Jim Cramer on BlackBerry (BB): “I Am Surprised That It Came Back Down”
- Cramer sends unmistakable verdict on BlackBerry before earnings
Compare BlackBerry Ltd with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Infrastructure · 372 stocks
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Microsoft Corporation MSFT | $498.00 | $547.80 | +10% |
| Oracle Corporation ORCL | $149.20 | $117.84 | −21% |
| Palantir Technologies Inc PLTR | $184.99 | $43.02 | −77% |
| Palo Alto Networks, Inc PANW | $374.57 | $114.50 | −69% |
| CrowdStrike Holdings CRWD | $250.06 | $35.15 | −86% |
| Fortinet, Inc FTNT | $174.26 | $164.92 | −5% |
| Synopsys, Inc SNPS | $409.24 | $250.04 | −39% |
| Block, Inc XYZ | $77.53 | $101.29 | +31% |
| CoreWeave, Inc CRWV | $86.76 | $71.79 | −17% |
| NetApp, Inc NTAP | $192.91 | $157.18 | −19% |
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