Bit Digital, Inc. (BTBT) Financial Ratios
10 years of historical data (2015–2024) · Financial Services · Financial - Capital Markets
EV/EBITDA
↓
9.02
↓-83% vs avg
5yr avg: 52.78
30Y Low5.6·High15.5
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
0.59
↓-87% vs avg
5yr avg: 4.69
30Y Low0.5·High17.6
ROE
↑
9.2%
↓+149% vs avg
5yr avg: -18.9%
30Y Low-120%·High9%
Debt/EBITDA
↑
0.23
↑+54% vs avg
5yr avg: 0.15
30Y Low0.1·High0.2
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
BTBT Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Bit Digital, Inc. trades at 9.7x earnings, 34% below its 5-year average of 14.7x, sitting at the 0th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.4x, the stock trades at a discount of 28%.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $622M | $415M | $370M | $47M | $337M | $670M | $6M | $94M | — | — | — |
| Enterprise Value | $540M | $333M | $358M | $14M | $295M | $670M | $6M | $91M | — | — | — |
| P/E Ratio → | 9.65 | 14.65 | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.80 | 2.53 | 8.24 | 1.46 | 3.51 | 31.82 | — | — | — | — | — |
| P/B Ratio | 0.59 | 0.89 | 2.42 | 0.52 | 1.96 | 17.64 | 1.49 | 7.75 | — | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | — | — | 334.91 | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
BTBT EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Bit Digital, Inc.'s enterprise value stands at 9.0x EBITDA, 83% below its 5-year average of 52.8x. The Financial Services sector median is 11.4x, placing the stock at a 21% discount on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.03 | 7.98 | 0.45 | 3.07 | 31.81 | — | — | — | — | — |
| EV / EBITDA | 9.02 | 5.57 | — | — | 15.51 | 137.28 | — | — | — | — | — |
| EV / EBIT | 19.60 | 12.09 | — | — | 22.55 | 597.99 | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
BTBT Profitability
Margins and return-on-capital ratios measuring operating efficiency
Bit Digital, Inc. earns an operating margin of 16.8%, below the Financial Services sector average of 21.2%. Operating margins have expanded from -331.8% to 16.8% over the past 3 years, signaling improving operational efficiency. ROE of 9.2% is modest, trailing the sector median of 9.4%. ROIC of 6.5% 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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 61.9% | 61.9% | 34.2% | 36.9% | 68.0% | 33.0% | — | — | 94.4% | 100.0% | — |
| Operating Margin | 16.8% | 16.8% | -37.0% | -331.8% | 6.1% | 7.4% | — | — | -19.5% | 5.9% | — |
| Net Profit Margin | 17.3% | 17.3% | -30.9% | -326.0% | -1.1% | -10.8% | — | — | -13.5% | 4.3% | — |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 9.2% | 9.2% | -11.5% | -80.5% | -1.0% | -10.8% | -119.7% | -28.8% | -8.9% | 3.3% | -12.9% |
| ROA | 7.8% | 7.8% | -9.6% | -75.1% | -0.9% | -10.3% | -113.9% | -27.9% | -8.6% | 3.2% | -12.0% |
| ROIC | 6.5% | 6.5% | -10.0% | -61.5% | 4.2% | 5.5% | -18.5% | -11.6% | -9.6% | 3.4% | -13.0% |
| ROCE | 8.5% | 8.5% | -13.0% | -80.0% | 5.5% | 7.4% | -24.7% | -15.4% | -12.8% | 4.5% | -17.3% |
BTBT Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Bit Digital, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (94% below the sector average of 4.1x). The company holds a net cash position — cash of $95M exceeds total debt of $14M, 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 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.03 | 0.03 | 0.04 | — | — | 0.01 | — | — | — | — | — |
| Debt / EBITDA | 0.23 | 0.23 | — | — | — | 0.07 | — | — | — | — | — |
| Net Debt / Equity | — | -0.18 | -0.08 | -0.36 | -0.25 | -0.00 | -0.00 | -0.19 | -0.44 | -0.84 | -0.82 |
| Net Debt / EBITDA | -1.36 | -1.36 | — | — | -2.23 | -0.01 | — | — | — | -28.84 | -0.43 |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — | -798.00 | — | — |
Net cash position: cash ($95M) exceeds total debt ($14M)
BTBT Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Bit Digital, Inc.'s current ratio of 5.39x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has declined from 8.65x to 5.39x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 5.39 | 5.39 | 3.04 | 8.65 | 19.14 | 4.60 | 1.30 | 14.05 | 21.43 | 28.02 | 12.50 |
| Quick Ratio | 5.39 | 5.39 | 3.04 | 8.65 | 19.14 | 4.60 | 1.30 | 14.05 | 21.43 | 28.02 | 12.50 |
| Cash Ratio | 1.73 | 1.73 | 0.67 | 4.39 | 8.40 | 0.21 | 0.04 | 5.79 | 11.63 | 26.14 | 11.01 |
| Asset Turnover | — | 0.30 | 0.24 | 0.32 | 0.53 | 0.53 | — | — | 0.54 | 0.41 | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
BTBT Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Bit Digital, Inc. returns 0.3% to shareholders annually primarily through dividends. The payout ratio of 2.8% is conservative, leaving significant room for dividend growth or reinvestment. The earnings yield of 10.4% (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 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.2% | 0.4% | — | — | — | — | — | — | — | — |
| Payout Ratio | 2.8% | 2.8% | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 10.4% | 6.8% | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.3% | 0.2% | 0.4% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $142M | $88M | $79M | $55M | $31M | $15M | $14M | $15M | $15M | $15M |
Peer Comparison
Compare BTBT 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 |
|---|---|---|---|---|---|---|---|---|---|
 BTBTYou | $622M | 9.7 | 9.0 | — | 61.9% | 16.8% | 9.2% | 6.5% | 0.2 |
 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% | — |
 HUT | $12B | -50.9 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 BITF | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 CORZ | $8B | -28.0 | — | — | 11.9% | -45.4% | — | — | — |
 IREN | $20B | 156.4 | 104.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 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 →
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Start ComparisonBTBT — Frequently Asked Questions
Quick answers to the most common questions about buying BTBT stock.
What is Bit Digital, Inc.'s P/E ratio?
Bit Digital, Inc.'s current P/E ratio is 9.7x. The historical average is 14.7x.
What is Bit Digital, Inc.'s EV/EBITDA?
Bit Digital, Inc.'s current EV/EBITDA is 9.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.5x.
What is Bit Digital, Inc.'s ROE?
Bit Digital, Inc.'s return on equity (ROE) is 9.2%. The historical average is -26.2%.
Is BTBT stock overvalued?
Based on historical data, Bit Digital, Inc. is trading at a P/E of 9.7x. Compare with industry peers and growth rates for a complete picture.
What is Bit Digital, Inc.'s dividend yield?
Bit Digital, Inc.'s current dividend yield is 0.29% with a payout ratio of 2.8%.
What are Bit Digital, Inc.'s profit margins?
Bit Digital, Inc. has 61.9% gross margin and 16.8% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Bit Digital, Inc. have?
Bit Digital, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.