MARA Holdings, Inc.

BMV:MARA * Stock Report

Market Cap: Mex$128.6b

MARA Holdings Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • 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 MARA * when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
Mex$0.19
Fair Value
195.5k% overvalued intrinsic discount
13
Number of Analysts

Below Fair Value: MARA * (MX$365.19) is trading above our estimate of fair value (MX$0.19)

Significantly Below Fair Value: MARA * is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for MARA *. This is calculated by dividing MARA *'s market cap by their current revenue.
What is MARA *'s PS Ratio?
PS Ratio9.7x
SalesUS$705.06m
Market CapUS$6.87b

Price to Sales Ratio vs Peers

How does MARA *'s PS Ratio compare to its peers?

The above table shows the PS ratio for MARA * vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average20.7x
SOUN SoundHound AI
50.3x31.57%US$5.1b
IREN IREN
11.5x44.42%US$4.3b
CLSK CleanSpark
6.7x31.48%US$3.6b
360 Life360
14.2x16.12%AU$8.6b
MARA * MARA Holdings
9.7x18.91%Mex$6.9b

Price-To-Sales vs Peers: MARA * is good value based on its Price-To-Sales Ratio (9.7x) compared to the peer average (20.7x).

Price to Sales Ratio vs Industry

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

216 CompaniesPrice / SalesEstimated GrowthMarket Cap
MARA * 9.7xIndustry Avg. 3.5xNo. of Companies228PS02.85.68.411.214+
216 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: MARA * is expensive based on its Price-To-Sales Ratio (9.7x) compared to the Global Software industry average (3.5x).

Price to Sales Ratio vs Fair Ratio

What is MARA *'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.

MARA * PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio9.7x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MARA *'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 MARA * forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentMex$365.19
Mex$382.89
+4.85%
31.31%Mex$639.83Mex$178.78n/a13
Jul ’26Mex$295.30
Mex$381.12
+29.06%
31.31%Mex$636.88Mex$177.95n/a13
Jun ’26Mex$275.32
Mex$393.18
+42.81%
29.58%Mex$620.74Mex$184.28n/a13
May ’26Mex$263.08
Mex$414.63
+57.60%
29.08%Mex$586.95Mex$254.34n/a13
Apr ’26Mex$239.00
Mex$457.45
+91.40%
23.01%Mex$609.94Mex$284.64n/a13
Mar ’26Mex$282.71
Mex$522.96
+84.98%
29.32%Mex$883.30Mex$287.59n/a12
Feb ’26Mex$375.00
Mex$558.29
+48.88%
23.85%Mex$924.78Mex$411.01n/a12
Jan ’26Mex$350.93
Mex$554.09
+57.89%
22.43%Mex$894.68Mex$427.01n/a12
Dec ’25Mex$560.00
Mex$493.04
-11.96%
31.67%Mex$853.13Mex$243.75n/a11
Nov ’25Mex$328.36
Mex$399.64
+21.71%
21.84%Mex$526.35Mex$233.94n/a10
Oct ’25Mex$318.68
Mex$401.56
+26.01%
23.07%Mex$530.32Mex$235.70n/a9
Sep ’25Mex$328.34
Mex$399.55
+21.69%
21.19%Mex$515.07Mex$228.92n/a9
Aug ’25Mex$340.56
Mex$403.59
+18.51%
17.72%Mex$484.31Mex$251.12n/a9
Jul ’25Mex$414.71
Mex$413.33
-0.33%
19.07%Mex$482.88Mex$250.38Mex$295.309
Jun ’25Mex$327.61
Mex$392.57
+19.83%
16.55%Mex$453.18Mex$276.94Mex$275.329
May ’25Mex$277.03
Mex$398.94
+44.01%
24.78%Mex$575.32Mex$233.42Mex$263.0810
Apr ’25Mex$360.86
Mex$404.15
+12.00%
25.10%Mex$584.04Mex$236.95Mex$239.0010
Mar ’25Mex$453.36
Mex$418.28
-7.74%
26.09%Mex$595.65Mex$241.66Mex$282.719
Feb ’25Mex$318.82
Mex$381.59
+19.69%
25.86%Mex$467.61Mex$242.46Mex$375.006
Jan ’25Mex$398.46
Mex$218.86
-45.07%
36.26%Mex$407.73Mex$144.40Mex$350.938
Dec ’24Mex$234.39
Mex$192.52
-17.86%
32.33%Mex$343.94Mex$137.58Mex$560.008
Nov ’24Mex$157.51
Mex$216.86
+37.68%
37.17%Mex$356.25Mex$124.69Mex$328.368
Oct ’24Mex$147.00
Mex$269.04
+83.02%
24.53%Mex$335.95Mex$184.77Mex$318.686
Sep ’24Mex$205.00
Mex$269.04
+31.24%
24.53%Mex$335.95Mex$184.77Mex$328.346
Aug ’24Mex$284.28
Mex$246.54
-13.28%
36.91%Mex$354.61Mex$135.09Mex$340.565
Jul ’24Mex$238.00
Mex$233.38
-1.94%
33.13%Mex$356.31Mex$142.52Mex$414.715
AnalystConsensusTarget
Consensus Narrative from 13 Analysts
Mex$380.84
Fair Value
4.1% undervalued intrinsic discount
13
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/20 17:34
End of Day Share Price 2025/07/18 00:00
Earnings2025/03/31
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

MARA Holdings, Inc. is covered by 22 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
Ramsey El-AssalBarclays
Nicholas GilesB. Riley Securities, Inc.
Gregory LewisBTIG