Galaxy Digital Holdings Ltd.

TSX:GLXY Stock Report

Market Cap: CA$6.2b

Galaxy Digital Holdings Valuation

Is GLXY undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of GLXY when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: GLXY (CA$18.76) is trading below our estimate of fair value (CA$81.16)

Significantly Below Fair Value: GLXY is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for GLXY?

Other financial metrics that can be useful for relative valuation.

GLXY key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-0.08x

Price to Earnings Ratio vs Peers

How does GLXY's PE Ratio compare to its peers?

The above table shows the PE ratio for GLXY vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average54.2x
PVF.UN Partners Value Investments
183.2xn/aCA$5.6b
ONEX Onex
7.2xn/aCA$7.4b
IGM IGM Financial
11.9x3.1%CA$9.1b
FIH.U Fairfax India Holdings
14.4xn/aUS$1.9b
GLXY Galaxy Digital Holdings
3.6x-44.0%CA$6.2b

Price-To-Earnings vs Peers: GLXY is good value based on its Price-To-Earnings Ratio (3.6x) compared to the peer average (43.9x).


Price to Earnings Ratio vs Industry

How does GLXY's PE Ratio compare vs other companies in the CA Capital Markets Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.7%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a30.7%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: GLXY is good value based on its Price-To-Earnings Ratio (3.6x) compared to the Canadian Capital Markets industry average (9.7x).


Price to Earnings Ratio vs Fair Ratio

What is GLXY's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

GLXY PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio3.6x
Fair PE Ratio4.7x

Price-To-Earnings vs Fair Ratio: GLXY is good value based on its Price-To-Earnings Ratio (3.6x) compared to the estimated Fair Price-To-Earnings Ratio (4.7x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst GLXY forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$18.76
CA$20.00
+6.6%
8.0%CA$22.86CA$18.03n/a5
Jul ’25CA$15.98
CA$20.14
+26.1%
7.3%CA$23.01CA$18.15n/a6
Jun ’25CA$13.91
CA$18.47
+32.8%
10.1%CA$20.22CA$15.16n/a6
May ’25CA$12.29
CA$17.99
+46.4%
9.8%CA$20.26CA$15.20n/a6
Apr ’25CA$14.09
CA$17.84
+26.6%
10.1%CA$20.15CA$14.98n/a6
Mar ’25CA$13.97
CA$14.05
+0.6%
17.0%CA$17.02CA$10.01n/a5
Feb ’25CA$10.04
CA$13.16
+31.0%
16.4%CA$15.00CA$9.69n/a4
Jan ’25CA$10.33
CA$11.83
+14.5%
19.2%CA$14.96CA$9.67n/a4
Nov ’24CA$6.89
CA$8.18
+18.7%
7.5%CA$9.00CA$7.52n/a3
Oct ’24CA$4.99
CA$8.18
+63.9%
7.5%CA$9.00CA$7.52n/a3
Sep ’24CA$5.08
CA$8.17
+60.9%
7.5%CA$9.00CA$7.52n/a3
Aug ’24CA$6.47
CA$8.08
+24.9%
7.7%CA$8.92CA$7.43n/a3
Jul ’24CA$5.73
CA$8.08
+41.0%
7.7%CA$8.92CA$7.43CA$15.983
Jun ’24CA$5.45
CA$8.13
+49.2%
6.7%CA$9.01CA$7.51CA$13.914
May ’24CA$5.00
CA$8.10
+62.0%
6.7%CA$8.97CA$7.47CA$12.294
Apr ’24CA$5.16
CA$8.10
+57.0%
6.7%CA$8.97CA$7.47CA$14.094
Mar ’24CA$4.82
CA$8.12
+68.4%
21.0%CA$10.86CA$6.22CA$13.974
Feb ’24CA$5.30
CA$8.12
+53.1%
21.0%CA$10.86CA$6.22CA$10.044
Jan ’24CA$3.87
CA$8.58
+121.7%
19.9%CA$11.00CA$6.29CA$10.335
Dec ’23CA$4.39
CA$9.06
+106.5%
15.9%CA$10.97CA$7.44CA$9.074
Nov ’23CA$6.46
CA$16.54
+156.1%
42.6%CA$28.58CA$11.04CA$6.894
Oct ’23CA$5.86
CA$16.54
+182.3%
42.6%CA$28.58CA$11.04CA$4.994
Sep ’23CA$6.87
CA$18.02
+162.2%
39.5%CA$28.02CA$12.02CA$5.083
Aug ’23CA$7.26
CA$24.42
+236.4%
41.9%CA$37.13CA$12.05CA$6.473
Jul ’23CA$4.83
CA$24.32
+403.4%
42.0%CA$36.97CA$11.99CA$5.733

Analyst Forecast: Target price is less than 20% higher than the current share price.


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