Cipher Mining Inc.

BIT:1CIFR Stock Report

Market Cap: €5.8b

Cipher Mining Valuation

Is 1CIFR undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of 1CIFR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: Insufficient data to calculate 1CIFR's future cash flow value for valuation analysis.

Significantly Below Future Cash Flow Value: Insufficient data to calculate 1CIFR's future cash flow value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 1CIFR?

Key metric: As 1CIFR is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for 1CIFR. This is calculated by dividing 1CIFR's market cap by their current revenue.
What is 1CIFR's PS Ratio?
PS Ratio33.3x
SalesUS$206.45m
Market CapUS$6.87b

Price to Sales Ratio vs Peers

How does 1CIFR's PS Ratio compare to its peers?

The above table shows the PS ratio for 1CIFR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average3x
TXT TXT e-solutions
1x10.60%€375.2m
SYS SYS-DAT
2.4x9.59%€200.2m
EXAI Expert.ai
5.8x18.08%€198.1m
AIW Almawave
2.8x17.33%€128.6m
1CIFR Cipher Mining
33.3x35.48%€6.9b

Price-To-Sales vs Peers: 1CIFR is expensive based on its Price-To-Sales Ratio (33.3x) compared to the peer average (3x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does 1CIFR's PS Ratio compare vs other companies in the IT Software Industry?

1 CompanyPrice / SalesEstimated GrowthMarket Cap
S3D Solid World Group
0.3x9.85%US$17.96m
No more companies available in this PS range
1CIFR 33.3xIndustry Avg. 2.4xNo. of Companies5PS0246810+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: 1CIFR is expensive based on its Price-To-Sales Ratio (33.3x) compared to the European Software industry average (2.4x).

Price to Sales Ratio vs Fair Ratio

What is 1CIFR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

1CIFR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio33.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 1CIFR's Price-To-Sales Fair Ratio for valuation analysis.

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 1CIFR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€14.85
€22.99
+54.84%
30.45%€43.10€11.20n/a14
Jan ’27€12.90
€22.63
+75.42%
30.45%€42.41€11.03n/a14
Dec ’26€16.55
€23.47
+41.83%
30.33%€43.07€11.20n/a14
Nov ’26n/a
€17.68
0%
38.58%€36.22€10.35n/a13
Oct ’26n/a
€13.74
0%
51.98%€35.79€5.97n/a12
Sep ’26n/a
€6.61
0%
12.75%€7.70€5.14n/a11
Aug ’26n/a
€6.36
0%
12.31%€7.77€5.18n/a11
Jul ’26n/a
€5.79
0%
13.90%€7.64€5.09n/a10
Jun ’26n/a
€5.84
0%
19.04%€7.93€3.52n/a10
May ’26n/a
€6.15
0%
21.53%€7.94€3.53n/a10
Apr ’26n/a
€7.16
0%
12.14%€8.34€5.56n/a11
Mar ’26n/a
€7.79
0%
7.59%€8.68€6.75n/a10
Feb ’26n/a
€8.13
0%
15.13%€10.61€6.75n/a10
Jan ’26n/a
€7.97
0%
14.79%€10.49€6.67€12.9011
Dec ’25n/a
€7.70
0%
18.11%€10.41€5.68€16.5510
Nov ’25n/a
€7.03
0%
20.30%€10.15€5.54n/a10
Oct ’25n/a
€6.66
0%
15.93%€8.09€5.39n/a10
Sep ’25n/a
€6.97
0%
13.61%€8.07€5.38n/a8
Aug ’25n/a
€6.34
0%
17.86%€8.29€4.61n/a7
Jul ’25n/a
€6.13
0%
19.81%€8.38€4.65n/a6
Jun ’25n/a
€5.36
0%
14.57%€6.89€4.60n/a6
May ’25n/a
€5.31
0%
20.16%€7.49€4.22n/a6
Apr ’25n/a
€5.25
0%
20.16%€7.42€4.17n/a6
Mar ’25n/a
€5.22
0%
20.16%€7.38€4.15n/a6
Feb ’25n/a
€5.33
0%
18.95%€7.30€4.11n/a6
Jan ’25n/a
€4.88
0%
13.12%€5.63€3.99n/a6
€22.78
Fair Value
34.8% undervalued intrinsic discount
14
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/23 05:29
End of Day Share Price 2026/01/23 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Cipher Mining Inc. is covered by 17 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Andrew Charles BealeArete Research Services LLP
Gregory LewisBTIG
Joseph VafiCanaccord Genuity