BLZE Valuation

Backblaze Inc

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8.350

-0.05(-0.595%)1D

Overview
Forecast
Valuation
Earnings

BLZE Relative Valuation

BLZE's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, BLZE is overvalued; if below, it's undervalued.

Historical Valuation

Backblaze Inc (BLZE) is now in the Fair zone, suggesting that its current forward PS ratio of 3.03 is considered Fairly compared with the five-year average of -27.70. The fair price of Backblaze Inc (BLZE) is between 3.05 to 9.55 according to relative valuation methord.

Relative Value

Fair Zone

3.05-9.55

Current Price：8.35

Fair

-417.50

Trailing

Forward

16.09

EV/EBITDA

Backblaze Inc. (BLZE) has a current EV/EBITDA of 16.09. The 5-year average EV/EBITDA is 4.19. The thresholds are as follows: Strongly Undervalued below -161.12, Undervalued between -161.12 and -78.46, Fairly Valued between 86.85 and -78.46, Overvalued between 86.85 and 169.50, and Strongly Overvalued above 169.50. The current Forward EV/EBITDA of 16.09 falls within the Historic Trend Line -Fairly Valued range.

198.14

EV/EBIT

Backblaze Inc. (BLZE) has a current EV/EBIT of 198.14. The 5-year average EV/EBIT is -13.73. The thresholds are as follows: Strongly Undervalued below -91.80, Undervalued between -91.80 and -52.77, Fairly Valued between 25.31 and -52.77, Overvalued between 25.31 and 64.35, and Strongly Overvalued above 64.35. The current Forward EV/EBIT of 198.14 falls within the Strongly Overvalued range.

3.03

Backblaze Inc. (BLZE) has a current PS of 3.03. The 5-year average PS is 2.41. The thresholds are as follows: Strongly Undervalued below -0.54, Undervalued between -0.54 and 0.93, Fairly Valued between 3.88 and 0.93, Overvalued between 3.88 and 5.35, and Strongly Overvalued above 5.35. The current Forward PS of 3.03 falls within the Historic Trend Line -Fairly Valued range.

15.19

P/OCF

Backblaze Inc. (BLZE) has a current P/OCF of 15.19. The 5-year average P/OCF is 37.44. The thresholds are as follows: Strongly Undervalued below -325.51, Undervalued between -325.51 and -144.03, Fairly Valued between 218.91 and -144.03, Overvalued between 218.91 and 400.38, and Strongly Overvalued above 400.38. The current Forward P/OCF of 15.19 falls within the Historic Trend Line -Fairly Valued range.

-193.67

P/FCF

Backblaze Inc. (BLZE) has a current P/FCF of -193.67. The 5-year average P/FCF is -16.46. The thresholds are as follows: Strongly Undervalued below -72.03, Undervalued between -72.03 and -44.25, Fairly Valued between 11.32 and -44.25, Overvalued between 11.32 and 39.10, and Strongly Overvalued above 39.10. The current Forward P/FCF of -193.67 falls within the Strongly Undervalued range.

Backblaze Inc (BLZE) has a current Price-to-Book (P/B) ratio of 5.92. Compared to its 3-year average P/B ratio of 4.68 , the current P/B ratio is approximately 26.37% higher. Relative to its 5-year average P/B ratio of 3.22, the current P/B ratio is about 83.93% higher. Backblaze Inc (BLZE) has a Forward Free Cash Flow (FCF) yield of approximately 2.77%. Compared to its 3-year average FCF yield of -5.53%, the current FCF yield is approximately -149.98% lower. Relative to its 5-year average FCF yield of -4.87% , the current FCF yield is about -156.75% lower.

5.92

P/B

Median3y

4.68

Median5y

3.22

2.77

FCF Yield

Median3y

-5.53

Median5y

-4.87

Competitors Valuation Multiple

The average P/S ratio for BLZE's competitors is 1.64, providing a benchmark for relative valuation. Backblaze Inc Corp (BLZE) exhibits a P/S ratio of 3.03, which is 84.92% above the industry average. Given its robust revenue growth of 16.02%, this premium appears unsustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of BLZE increased by 30.67% over the past 1 year. The primary factor behind the change was an decrease in P/E Change from -6.21 to -9.66.

The secondary factor is the Revenue Growth, contributed 16.02%to the performance.

Overall, the performance of BLZE in the past 1 year is driven by P/E Change. Which is more unsustainable.

16.02%

31.29M → 36.30M

Revenue Growth

-40.90%

-33.08 → -19.55

Margin Expansion

55.55%

-6.21 → -9.66

P/E Change

30.67%