Bit Digital, Inc.

NasdaqCM:BTBT Stock Report

Market Cap: US$655.6m

Bit Digital Valuation

Is BTBT 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 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's fair value for valuation analysis.

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for BTBT. This is calculated by dividing BTBT's market cap by their current revenue.
What is BTBT's PS Ratio?
PS Ratio6.7x
SalesUS$98.00m
Market CapUS$655.62m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BTBT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.1x
HKD AMTD Digital
20.6xn/aUS$572.6m
MGIC Magic Software Enterprises
1x3.9%US$539.6m
TRAK ReposiTrak
20.1x14.0%US$419.3m
EXOD Exodus Movement
6.8xn/aUS$608.6m
BTBT Bit Digital
6.7x43.4%US$655.6m

Price-To-Sales vs Peers: BTBT is good value based on its Price-To-Sales Ratio (6.7x) compared to the peer average (12.1x).

Price to Sales Ratio vs Industry

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

80 CompaniesPrice / SalesEstimated GrowthMarket Cap
VYX NCR Voyix
0.6x-23.2%US$2.12b
PGY Pagaya Technologies
0.7x15.8%US$704.88m
EGHT 8x8
0.6x1.1%US$397.21m
XPER Xperi
0.8x1.8%US$390.47m
BTBT 6.7xIndustry Avg. 5.3xNo. of Companies80PS048121620+
80 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: BTBT is expensive based on its Price-To-Sales Ratio (6.7x) compared to the US Software industry average (5.3x).

Price to Sales Ratio vs Fair Ratio

What is BTBT'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 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio6.7x
Fair PS Ratio6.3x

Price-To-Sales vs Fair Ratio: BTBT is expensive based on its Price-To-Sales Ratio (6.7x) compared to the estimated Fair Price-To-Sales Ratio (6.3x).

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 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$4.44
US$6.13
+38.0%
8.9%US$7.00US$5.50n/a4
Nov ’25US$3.56
US$6.13
+72.1%
8.9%US$7.00US$5.50n/a4
Oct ’25US$3.25
US$5.83
+79.5%
4.0%US$6.00US$5.50n/a3
Sep ’25US$3.22
US$5.83
+81.2%
4.0%US$6.00US$5.50n/a3
Aug ’25US$3.42
US$5.83
+70.6%
4.0%US$6.00US$5.50n/a3
Jul ’25US$3.39
US$5.50
+62.2%
12.9%US$6.00US$4.50n/a3
Jun ’25US$2.48
US$5.17
+108.3%
12.1%US$6.00US$4.50n/a3
May ’25US$2.02
US$5.17
+156.4%
12.1%US$6.00US$4.50n/a3
Apr ’25US$2.76
US$5.17
+87.2%
12.1%US$6.00US$4.50n/a3
Mar ’25US$2.71
US$5.17
+90.7%
12.1%US$6.00US$4.50n/a3
Feb ’25US$2.69
US$4.75
+76.6%
5.3%US$5.00US$4.50n/a2
Jan ’25US$4.23
US$4.75
+12.3%
5.3%US$5.00US$4.50n/a2
Dec ’24US$2.85
US$4.25
+49.1%
5.9%US$4.50US$4.00n/a2
Nov ’24US$2.06
US$4.25
+106.3%
5.9%US$4.50US$4.00US$3.562
Oct ’24US$2.14
US$4.25
+98.6%
5.9%US$4.50US$4.00US$3.252
Sep ’24US$2.30
US$4.25
+84.8%
5.9%US$4.50US$4.00US$3.222
Aug ’24US$4.39
US$4.25
-3.2%
5.9%US$4.50US$4.00US$3.422
Jul ’24US$4.06
US$4.25
+4.7%
5.9%US$4.50US$4.00US$3.392

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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