Bitmine Immersion Technologies, Inc. (BMNR) Financial Ratios
14 years of historical data (2012–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
18.22
↓-20% vs avg
5yr avg: 22.88
30Y Low22.9·High22.9
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.43
↓-100% vs avg
5yr avg: 1567.88
30Y Low1.2·High1.2
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 11.3x earnings, 65% below its 5-year average of 32.6x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.9x, the stock trades at a discount of 19%.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $8.6B | $10.7B | $2.9B | $3.4B | $3.7B | $2.2B | $115M | $136M | $170M |
| Enterprise Value | $8.1B | $10.2B | $2.9B | $3.4B | $3.7B | $2.2B | $115M | $137M | $171M |
| P/E Ratio → | 11.29 | 32.55 | — | — | — | — | — | — | 400000.00 |
| P/S Ratio | 1413.90 | 1754.48 | 870.90 | 5321.61 | 8567.73 | — | — | 1563.80 | 296.80 |
| P/B Ratio | 0.43 | 1.23 | 705.22 | 548.78 | 494.88 | 6089.31 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | 61444.04 |
| P/OCF | — | — | — | — | — | — | — | — | 61421.87 |
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 18.2x EBITDA, 20% below its 5-year average of 22.9x. The Financial Services sector median is 11.1x, placing the stock at a 64% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1670.47 | 871.24 | 5323.20 | 8566.81 | — | — | 1569.81 | 297.73 |
| EV / EBITDA | 18.22 | 22.88 | — | — | — | — | — | — | 16949.48 |
| EV / EBIT | 18.25 | 23.08 | — | — | — | — | — | — | 18346.45 |
| EV / FCF | — | — | — | — | — | — | — | — | 61636.13 |
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 20.0%. 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 8.9%. ROIC of 7.7% represents adequate returns on invested capital versus a sector median of 5.3%.
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 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 5.1% | 5.1% | 23.0% | 34.5% | -30.2% | — | — | 16.2% | 29.8% |
| Operating Margin | 7288.1% | 7288.1% | -73.9% | -373.9% | -400.8% | — | — | -30.5% | 1.6% |
| Net Profit Margin | 5719.1% | 5719.1% | -99.5% | -382.0% | -468.9% | — | — | -33.5% | 0.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2013 | 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% | -10.0% | -14.1% | 0.2% |
| ROIC | 7.7% | 7.7% | -27.7% | -24.2% | -32.0% | -31.0% | — | -9.7% | — |
| 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 1800.5x 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 2013 | 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 | 1800.48 | 1800.48 | -11.26 | -24.29 | -5.89 | -5.88 | — | -10.05 | 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 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 51.50 | 51.50 | 0.49 | 0.56 | 2.80 | 0.77 | 0.04 | 0.00 | 0.06 |
| Quick Ratio | 51.50 | 51.50 | 0.49 | 0.56 | 2.80 | 0.77 | 0.04 | 0.00 | 0.06 |
| Cash Ratio | 51.40 | 51.40 | 0.16 | 0.17 | 1.24 | 0.77 | 0.04 | 0.00 | — |
| Asset Turnover | — | 0.00 | 0.45 | 0.08 | 0.05 | — | — | 0.47 | 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 8.9% (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 2013 | 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 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.9% | 3.1% | — | — | — | — | — | — | 0.0% |
| FCF Yield | — | — | — | — | — | — | — | — | 0.0% |
| Buyback Yield | 0.0% | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 0.0% | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $245M | $249M | $245M | $216M | $49M | $3M | $4M | $4M |
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 | $9B | 11.3 | 18.2 | — | 5.1% | 7288.1% | 8.0% | 7.7% | — |
 MARA | $6B | -4.0 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $11B | -14.7 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CLSK | $4B | 15.3 | 7.8 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 HUT | $14B | -56.3 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BITF | $1B | -16.6 | 37.6 | — | -8.2% | -65.2% | -48.7% | -12.0% | — |
 IREN | $20B | 140.3 | 100.4 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 CIFR | $11B | -12.9 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 BTBT | $697M | -6.9 | — | — | 21.4% | -49.8% | -12.1% | -5.8% | — |
 WULF | $12B | -17.3 | — | — | 50.9% | -101.1% | -343.7% | -4.2% | — |
 MIGI | $5M | -0.3 | — | — | 43.6% | -50.0% | — | -62.9% | — |
| Financial Services Median | — | 13.9 | 11.1 | 11.2 | 64.0% | 20.0% | 8.9% | 5.3% | 4.2 |
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BMNR — Frequently Asked Questions
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 11.3x. The historical average is 32.6x.
What is Bitmine Immersion Technologies, Inc.'s EV/EBITDA?
Bitmine Immersion Technologies, Inc.'s current EV/EBITDA is 18.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 22.9x.
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 11.3x. 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.