Bitmine Immersion Technologies, Inc. (BMNR) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
0.06
↓-95% vs avg
5yr avg: 1.25
30Y Low1.3·High1.3
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.06
↓-100% vs avg
5yr avg: 1353.86
30Y Low0.1·High0.1
ROE
↑
8.0%
↓+117% vs avg
5yr avg: -48.5%
30Y Low-99%·High8%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BMNR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bitmine Immersion Technologies, Inc. trades at 1.6x earnings, 50% below its 5-year average of 3.3x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.1x, the stock trades at a discount of 88%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $539M | $1.1B | $2.5B | $3.0B | $3.2B | $1.9B | $497M | $2.9B |
| Enterprise Value | $27M | $557M | $2.5B | $3.0B | $3.2B | $1.9B | $497M | $2.9B |
| P/E Ratio → | 1.64 | 3.26 | — | — | — | — | — | — |
| P/S Ratio | 88.49 | 175.45 | 752.11 | 4595.74 | 7399.09 | — | — | 5126.41 |
| P/B Ratio | 0.06 | 0.12 | 609.03 | 473.93 | 427.37 | 5258.85 | — | — |
| P/FCF | — | — | — | — | — | — | — | 1061277.73 |
| P/OCF | — | — | — | — | — | — | — | 1060894.74 |
P/E links to full P/E history page with 30-year chart
BMNR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bitmine Immersion Technologies, Inc.'s enterprise value stands at 0.1x EBITDA, 95% below its 5-year average of 1.3x. The Financial Services sector median is 11.5x, placing the stock at a 99% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 91.44 | 752.45 | 4597.34 | 7398.17 | — | — | 5127.34 |
| EV / EBITDA | 0.06 | 1.25 | — | — | — | — | — | 291896.30 |
| EV / EBIT | 0.06 | 1.26 | — | — | — | — | — | 315954.37 |
| EV / FCF | — | — | — | — | — | — | — | 1061469.82 |
BMNR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bitmine Immersion Technologies, Inc. earns an operating margin of 7288.1%, significantly above the Financial Services sector average of 21.6%. Operating margins have expanded from -373.9% to 7288.1% over the past 3 years, signaling improving operational efficiency. ROE of 8.0% is modest, trailing the sector median of 9.4%. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.1% | 5.1% | 23.0% | 34.5% | -30.2% | — | — | 29.8% |
| Operating Margin | 7288.1% | 7288.1% | -73.9% | -373.9% | -400.8% | — | — | 1.6% |
| Net Profit Margin | 5719.1% | 5719.1% | -99.5% | -382.0% | -468.9% | — | — | 0.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| ROE | 8.0% | 8.0% | -63.7% | -36.1% | -51.6% | -99.4% | — | — |
| ROA | 7.9% | 7.9% | -42.5% | -30.5% | -46.5% | -47.6% | -8.1% | 0.2% |
| ROIC | 7.7% | 7.7% | -27.7% | -24.2% | -32.0% | -31.0% | — | — |
| ROCE | 10.1% | 10.1% | -45.3% | -33.7% | -42.8% | -84.9% | — | — |
BMNR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $512M exceeds total debt of $0, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 1813.1x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | 0.40 | 0.21 | — | 0.77 | — | — |
| Debt / EBITDA | — | — | — | — | — | — | — | 52.82 |
| Net Debt / Equity | — | -0.06 | 0.28 | 0.16 | -0.05 | 0.16 | — | — |
| Net Debt / EBITDA | -1.15 | -1.15 | — | — | — | — | — | 52.82 |
| Debt / FCF | — | — | — | — | — | — | — | 192.08 |
| Interest Coverage | 1813.11 | 1813.11 | -9.11 | -24.76 | -5.89 | -5.88 | — | 1.04 |
Net cash position: cash ($512M) exceeds total debt ($0)
BMNR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bitmine Immersion Technologies, Inc.'s current ratio of 51.50x 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 0.56x to 51.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 51.50 | 51.50 | 0.49 | 0.56 | 2.80 | 0.77 | 0.04 | 0.06 |
| Quick Ratio | 51.50 | 51.50 | 0.49 | 0.56 | 2.80 | 0.77 | 0.04 | 0.06 |
| Cash Ratio | 51.40 | 51.40 | 0.16 | 0.17 | 1.24 | 0.77 | 0.04 | — |
| Asset Turnover | — | 0.00 | 0.45 | 0.08 | 0.05 | — | — | 2.50 |
| Inventory Turnover | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — |
BMNR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bitmine Immersion Technologies, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business. The earnings yield of 60.9% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2012 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 60.9% | 30.7% | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | 0.0% |
| Buyback Yield | 0.0% | 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% | 0.0% |
| Shares Outstanding | — | $25M | $215M | $212M | $186M | $42M | $12M | $73M |
Peer Comparison
Compare BMNR 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 |
|---|---|---|---|---|---|---|---|---|---|
 BMNRYou | $539M | 1.6 | 0.1 | — | 5.1% | 7288.1% | 8.0% | 7.7% | — |
 MARA | $5B | -3.4 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $9B | -12.4 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CLSK | $4B | 12.5 | 6.5 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 HUT | $11B | -47.3 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BITF | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 IREN | $19B | 145.8 | 97.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 CIFR | $8B | -9.6 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 BTBT | $589M | 9.2 | 8.5 | — | 61.9% | 16.8% | 9.2% | 6.5% | 0.2 |
 WULF | $11B | -114.4 | — | — | 55.3% | -54.4% | -31.0% | -10.6% | — |
 MIGI | $6M | -0.1 | — | 3.5 | 34.2% | -52.6% | -339.9% | -62.9% | — |
| Financial Services Median | — | 13.1 | 11.5 | 10.6 | 63.6% | 21.6% | 9.4% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Quick answers to the most common questions about buying BMNR stock.
What is Bitmine Immersion Technologies, Inc.'s P/E ratio?
Bitmine Immersion Technologies, Inc.'s current P/E ratio is 1.6x. The historical average is 3.3x.
What is Bitmine Immersion Technologies, Inc.'s EV/EBITDA?
Bitmine Immersion Technologies, Inc.'s current EV/EBITDA is 0.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.3x.
What is Bitmine Immersion Technologies, Inc.'s ROE?
Bitmine Immersion Technologies, Inc.'s return on equity (ROE) is 8.0%. The historical average is -48.5%.
Is BMNR stock overvalued?
Based on historical data, Bitmine Immersion Technologies, Inc. is trading at a P/E of 1.6x. Compare with industry peers and growth rates for a complete picture.
What are Bitmine Immersion Technologies, Inc.'s profit margins?
Bitmine Immersion Technologies, Inc. has 5.1% gross margin and 7288.1% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.