Fantastic datasheet... they don't even put the characteristic curve in it!
https://www.murata.com/en-us/products/productdetail?partno=BLA31BD121SN4%23Still SOL about saturation current though, or capacitance or other coupling between adjacent elements. (Bead arrays don't usually couple much -- even ones sold as "common mode chokes" may be more normal than common mode, YMMV.)
Assuming it's a lone element, then that's how much impedance it adds. It's largely resistive above 100MHz, and still has a low Q below there (annoyingly, they show R going to ~zero, which is absurd..).
Put another way, yes it has inductance, but the inductance varies strongly with frequency, because its Q is low. At low frequencies, it might measure about 1uH, but DCR dominates; at mid frequencies say 1MHz, it might measure 0.3uH, at 10MHz it might measure 0.1uH, etc. (Well, in this case it'll be at least 0.19uH at 100MHz, and more below that, but I'm just saying as an example.)
Z ~ sqrt(F) is a better estimate for most beads, implying both the low Q (exactly Q = 1, if the condition holds), R ~ sqrt(F), L ~ 1/sqrt(F), and phi = 45°. Such an element is described by diffusion phenomena, and an ideal one is known as a Warburg element.
Typical scenarios:
- Power filtering: best to avoid. Use current-compensated (common mode) chokes if possible, or plain old inductors. (Note that inductors aren't generally very lossy, so you may need to add lossy capacitor -- typically an electrolytic, or ceramic+resistor.) Ferrite beads typically saturate (inductance/impedance drops substantially under DC bias current) at low currents, maybe 10s of mA for a part this size. So you might get expected performance under some conditions, but peaks still pass, or EMI (or supply ripple, or..) varies with operating condition. Sneaky.
- Unshielded multiconductor cables: adds impedance at RF, providing some termination value. Whereas a short-terminated wire or cable can resonate strongly, the termination kills the Q of those resonant modes, potentially reducing emission / susceptibility significantly (~10dB?).
- ESD, EFT: basically no effect. If they don't arc over in the first place, the ferrite saturates quickly (peak current of amperes!), and doesn't add much impedance even if it were linear (the source impedance is ~100s ohms typically).
(Actually, saturation can even cause pulse sharpening, maybe even making things worse -- I'd guess it's pretty rare to have the exact conditions for this to be noticeable, but it's interesting that it can happen.)
Accordingly, they make bad filters. If you're getting EMI coming in some cable harness, and it's not at resonant frequencies, adding beads is only likely to reduce it by a few dB; even a big stack might only do 10 or 15dB. Again, the impedance is small: compared to a ~100s ohm cable over ground plane, or in free space, a 100 ohm bead doesn't do much. But this also shows under which conditions they can be useful: if a shielded cable is grounded in several points (say, to the enclosure at either end of a run), then the impedance near those grounds can be quite low (1s-10s ohms), and significant filtering can be had.
Tim