BlackBerry (BB) has completed its turnaround, now positioning itself as a growth company focused on its QNX software platform. BB's valuation is elevated after a 180% rally, trading at 67.21x forward P/E and 10.12x forward P/S, well above sector medians. Management guides for FY2027 QNX revenue of ~$300M (15% growth), targeting expansion in automotive, robotics, and medical sectors.