A Look at Trump Media & Technology Group’s (DJT) Valuation Following Q3 2025 Losses and Sales Decline

Trump Media & Technology Group (DJT) just released its third quarter 2025 financial results, showing a wider net loss and a decrease in sales compared to a year ago. These earnings numbers are in sharp focus for investors right now.

See our latest analysis for Trump Media & Technology Group.

DJT’s latest earnings numbers landed just as the stock continues to struggle. After announcing a wider net loss, the 1-month share price return slid to -15.9%, and year-to-date it is down over 60%. Recent efforts like rolling out “Truth Predict” hint at a push for platform innovation, but momentum still looks shaky in the short term, and the 1-year total shareholder return of -59.8% reflects ongoing investor caution.

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The recent results raise a key question for investors: Is DJT stock undervalued after its selloff, or is continued weakness already reflected in the price, leaving little room for fresh upside from here?

Price-to-Book Ratio of 1.7x: Is it justified?

Trump Media & Technology Group is currently priced at a price-to-book (P/B) ratio of 1.7x, which is above the US Interactive Media and Services industry average of 1.4x. With shares closing at $13.43, investors are paying more for each dollar of net assets than for most competitors, despite the stock’s steep recent selloff.

The price-to-book ratio compares a company's market value to its book value, revealing how much shareholders are willing to pay for net assets. In sectors where tangible assets are key or future profitability is uncertain, the P/B ratio serves as a measure of market optimism.

Despite the premium P/B ratio, DJT is not profitable and $4M in revenue is not yet meaningful for scale. Paying above the industry’s average on a book value basis without an earnings track record raises questions about whether the market is overestimating potential or is simply pricing in speculative growth. If this multiple moved toward a more typical level, the valuation could shift considerably.

Compared to direct peers, the current P/B indicates that the market remains willing to pay a higher price for each dollar on DJT’s balance sheet than other industry players, despite company-specific headwinds. This gap is not supported by recent revenue growth or sustained profitability, making it a notable valuation for an unprofitable company in this space.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-Book Ratio of 1.7x (OVERVALUED)

However, unexpected revenue growth or a sudden shift toward profitability could quickly alter sentiment around DJT and challenge the current view that the stock is overvalued.

Find out about the key risks to this Trump Media & Technology Group narrative.

Build Your Own Trump Media & Technology Group Narrative

If you see things differently or want to dig into the numbers on your own, you can easily shape your own take in just a few minutes with Do it your way.

A great starting point for your Trump Media & Technology Group research is our analysis highlighting 3 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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