Bitfarms Ltd. (BITF) Financial Ratios
8 years of historical data (2017–2024) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
37.58
↑+25% vs avg
5yr avg: 30.13
30Y Low5.7·High55.2
P/FCF
N/A
—
5yr avg: 58.90
30Y Low58.9·High58.9
P/B Ratio
↓
1.47
↓-56% vs avg
5yr avg: 3.36
30Y Low0.4·High10.4
ROE
↑
-12.0%
↓+65% vs avg
5yr avg: -34.4%
30Y Low-75%·High18%
Debt/EBITDA
↓
0.70
↓-70% vs avg
5yr avg: 2.30
30Y Low0.7·High6.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BITF Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bitfarms Ltd. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.3B | $618M | $763M | $91M | $855M | $161M | $27M | — | — |
| Enterprise Value | $1.3B | $582M | $699M | $126M | $815M | $184M | $47M | — | — |
| P/E Ratio → | -16.62 | — | — | — | 38.85 | — | 12.86 | — | — |
| P/S Ratio | 6.70 | 3.20 | 5.21 | 0.64 | 5.05 | 4.65 | 0.84 | — | — |
| P/B Ratio | 1.47 | 1.02 | 2.59 | 0.36 | 2.38 | 10.44 | 0.97 | — | — |
| P/FCF | — | — | — | — | — | 58.90 | — | — | — |
| P/OCF | — | — | — | 2.52 | — | 22.34 | 4.51 | — | — |
P/E links to full P/E history page with 30-year chart
BITF EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bitfarms Ltd.'s enterprise value stands at 37.6x EBITDA, 25% above its 5-year average of 30.1x. The Financial Services sector median is 11.4x, placing the stock at a 229% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.02 | 4.78 | 0.88 | 4.81 | 5.30 | 1.45 | — | — |
| EV / EBITDA | 37.58 | 17.42 | 55.23 | — | 9.24 | 38.65 | 5.72 | — | — |
| EV / EBIT | — | — | — | — | 17.69 | — | 16.94 | — | — |
| EV / FCF | — | — | — | — | — | 67.09 | — | — | — |
BITF Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bitfarms Ltd. earns an operating margin of -55.8%, below the Financial Services sector average of 21.2%. Operating margins have expanded from -199.4% to -55.8% over the past 3 years, signaling improving operational efficiency. A negative ROE of -12.0% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -16.8% | -16.8% | -14.7% | 7.4% | 65.6% | 8.3% | 35.3% | 32.2% | 84.4% |
| Operating Margin | -55.8% | -55.8% | -49.3% | -199.4% | 37.5% | -19.4% | 4.3% | -53.2% | 82.5% |
| Net Profit Margin | -28.0% | -28.0% | -74.4% | -123.3% | 13.1% | -46.9% | 8.9% | -27.7% | 56.6% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -12.0% | -12.0% | -39.6% | -57.2% | 11.8% | -74.8% | 11.9% | -38.6% | 18.2% |
| ROA | -10.3% | -10.3% | -30.2% | -39.7% | 7.4% | -31.2% | 7.3% | -30.8% | 14.7% |
| ROIC | -17.1% | -17.1% | -17.0% | -55.8% | 19.6% | -10.7% | 2.9% | -53.7% | 19.9% |
| ROCE | -22.9% | -22.9% | -24.6% | -86.9% | 31.7% | -18.7% | 4.0% | -71.4% | 25.7% |
BITF Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bitfarms Ltd. carries a Debt/EBITDA ratio of 0.7x, which is very conservative (83% below the sector average of 4.1x). The company holds a net cash position — cash of $60M exceeds total debt of $23M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.04 | 0.04 | 0.07 | 0.25 | 0.24 | 1.84 | 0.79 | 0.08 | — |
| Debt / EBITDA | 0.70 | 0.70 | 1.57 | — | 0.96 | 5.97 | 2.69 | — | — |
| Net Debt / Equity | — | -0.06 | -0.22 | 0.13 | -0.11 | 1.45 | 0.71 | 0.06 | -0.16 |
| Net Debt / EBITDA | -1.08 | -1.08 | -5.07 | — | -0.46 | 4.72 | 2.43 | — | -0.53 |
| Debt / FCF | — | — | — | — | — | 8.19 | — | — | — |
| Interest Coverage | -61.89 | -61.89 | -17.68 | -19.97 | 18.61 | -1.10 | 0.43 | -285.68 | — |
Net cash position: cash ($60M) exceeds total debt ($23M)
BITF Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bitfarms Ltd.'s current ratio of 5.89x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 1.02x to 5.89x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.89 | 5.89 | 1.88 | 1.02 | 1.74 | 0.32 | 1.63 | 0.71 | 1.48 |
| Quick Ratio | 5.89 | 5.89 | 1.88 | 1.02 | 1.74 | 0.32 | 1.63 | 0.71 | 1.48 |
| Cash Ratio | 1.64 | 1.64 | 1.22 | 0.46 | 0.76 | 0.21 | 0.54 | 0.12 | 0.79 |
| Asset Turnover | — | 0.29 | 0.39 | 0.42 | 0.31 | 0.67 | 0.61 | 1.29 | 0.26 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — |
BITF Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bitfarms Ltd. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 2.6% | — | 7.8% | — | — |
| FCF Yield | — | — | — | — | — | 1.7% | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $415M | $262M | $208M | $169M | $85M | $71M | $57M | $57M |
Peer Comparison
Compare BITF with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 BITFYou | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 MARA | $5B | -3.5 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $9B | -12.1 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CLSK | $4B | 12.9 | 6.7 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 CIFR | $9B | -10.2 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 IREN | $20B | 156.4 | 104.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 HUT | $12B | -50.9 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BTBT | $622M | 9.7 | 9.0 | — | 61.9% | 16.8% | 9.2% | 6.5% | 0.2 |
 CORZ | $8B | -28.0 | — | — | 11.9% | -45.4% | — | — | — |
 WULF | $11B | -122.6 | — | — | 55.3% | -54.4% | -31.0% | -10.6% | — |
 BTDR | $3B | -10.6 | 13.4 | — | 9.8% | 25.8% | 11.5% | 12.6% | 3.9 |
| Financial Services Median | — | 13.4 | 11.4 | 10.6 | 63.4% | 21.2% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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Start ComparisonBITF — Frequently Asked Questions
Quick answers to the most common questions about buying BITF stock.
What is Bitfarms Ltd.'s P/E ratio?
Bitfarms Ltd.'s current P/E ratio is -16.6x. The historical average is 25.9x.
What is Bitfarms Ltd.'s EV/EBITDA?
Bitfarms Ltd.'s current EV/EBITDA is 37.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 25.3x.
What is Bitfarms Ltd.'s ROE?
Bitfarms Ltd.'s return on equity (ROE) is -12.0%. The historical average is -22.5%.
Is BITF stock overvalued?
Based on historical data, Bitfarms Ltd. is trading at a P/E of -16.6x. Compare with industry peers and growth rates for a complete picture.
What are Bitfarms Ltd.'s profit margins?
Bitfarms Ltd. has -16.8% gross margin and -55.8% operating margin.
How much debt does Bitfarms Ltd. have?
Bitfarms Ltd.'s Debt/EBITDA ratio is 0.7x, indicating low leverage. A ratio below 2x is generally considered financially healthy.