Bit Digital Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate BTBT N's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BTBT N's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BTBT N. This is calculated by dividing BTBT N's market cap by their current revenue.
What is BTBT N's PS Ratio?
PS Ratio	6.7x
Sales	US$98.00m
Market Cap	US$655.62m

BTBT N 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/Revenue	5.8x
Enterprise Value/EBITDA	146.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does BTBT N's PS Ratio compare to its peers?

The above table shows the PS ratio for BTBT N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	11.8x
CAT Catapult Group International	5.4x	14.4%	AU$889.9m
HKD AMTD Digital	20.6x	n/a	US$572.6m
BLACKBUCK Zinka Logistics Solutions	13.9x	n/a	₹45.9b
688579 Dareway SoftwareLtd	7.3x	n/a	CN¥4.1b
BTBT N Bit Digital	6.7x	43.4%	Mex$655.6m

Price-To-Sales vs Peers: BTBT N is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (11.8x).

Price to Sales Ratio vs Industry

How does BTBT N's PS Ratio compare vs other companies in the Global Software Industry?

246 Companies	Price / Sales	Estimated Growth	Market Cap

246 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: BTBT N is expensive based on its Price-To-Sales Ratio (6.7x) compared to the Global Software industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is BTBT N'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.

BTBT N PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	6.7x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate BTBT N'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 BTBT N forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	Mex$90.60	Mex$125.44 +38.5%	8.9%	Mex$143.36	Mex$112.64	n/a	4
Nov ’25	Mex$78.71	Mex$121.60 +54.5%	8.9%	Mex$138.97	Mex$109.19	n/a	4
Oct ’25	Mex$71.93	Mex$102.79 +42.9%	4.0%	Mex$105.72	Mex$96.91	n/a	3
Sep ’25	Mex$65.00	Mex$102.79 +58.1%	4.0%	Mex$105.72	Mex$96.91	n/a	3
Aug ’25	Mex$68.00	Mex$102.79 +51.2%	4.0%	Mex$105.72	Mex$96.91	n/a	3
Jul ’25	Mex$63.98	Mex$101.01 +57.9%	12.9%	Mex$110.19	Mex$82.64	n/a	3
Jun ’25	Mex$42.60	Mex$85.78 +101.4%	12.1%	Mex$99.62	Mex$74.71	n/a	3
May ’25	Mex$34.00	Mex$87.71 +158.0%	12.1%	Mex$101.85	Mex$76.39	n/a	3
Apr ’25	Mex$40.50	Mex$85.58 +111.3%	12.1%	Mex$99.38	Mex$74.54	n/a	3
Mar ’25	Mex$46.00	Mex$88.85 +93.2%	12.1%	Mex$103.18	Mex$77.39	n/a	3
Feb ’25	Mex$44.51	Mex$81.87 +83.9%	5.3%	Mex$86.18	Mex$77.56	n/a	2
Jan ’25	Mex$75.00	Mex$82.21 +9.6%	5.3%	Mex$86.54	Mex$77.88	n/a	2
Dec ’24	Mex$49.00	Mex$77.49 +58.1%	5.9%	Mex$82.05	Mex$72.93	n/a	2
Nov ’24	Mex$41.80	Mex$77.49 +85.4%	5.9%	Mex$82.05	Mex$72.93	Mex$78.71	2
Oct ’24	n/a	Mex$74.67 0%	5.9%	Mex$79.06	Mex$70.28	Mex$71.93	2
Sep ’24	Mex$38.00	Mex$72.86 +91.7%	5.9%	Mex$77.15	Mex$68.58	Mex$65.00	2
Aug ’24	Mex$71.65	Mex$72.86 +1.7%	5.9%	Mex$77.15	Mex$68.58	Mex$68.00	2
Jul ’24	Mex$77.00	Mex$72.74 -5.5%	5.9%	Mex$77.02	Mex$68.46	Mex$63.98	2

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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