Cipher Mining Inc. (CIFR) Financial Ratios
6 years of historical data (2020–2025) · Financial Services · Financial - Capital Markets
EV/EBITDA
↑
N/A
—
5yr avg: 25.21
30Y Low24.6·High25.8
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↑
9.44
↑+230% vs avg
5yr avg: 2.86
30Y Low0.4·High6.7
ROE
↓
-108.3%
↑-211% vs avg
5yr avg: -34.8%
30Y Low-108%·High-6%
Debt/EBITDA
↑
N/A
—
5yr avg: 0.75
30Y Low0.6·High0.9
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CIFR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Cipher Mining Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Market Cap | $8.4B | $5.6B | $1.5B | $1.0B | $139M | $1.0B | $2.1B |
| Enterprise Value | $10.5B | $7.8B | $1.6B | $978M | $148M | $800M | $2.1B |
| P/E Ratio → | -9.62 | — | — | — | — | — | — |
| P/S Ratio | 37.49 | 25.15 | 9.91 | 8.22 | 45.77 | — | — |
| P/B Ratio | 9.44 | 6.74 | 2.20 | 2.12 | 0.41 | 2.86 | — |
| P/FCF | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
CIFR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 34.70 | 10.25 | 7.71 | 48.65 | — | — |
| EV / EBITDA | — | — | 25.83 | 24.58 | — | — | 1921.96 |
| EV / EBIT | — | — | — | — | — | — | 1921.96 |
| EV / FCF | — | — | — | — | — | — | — |
CIFR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Cipher Mining Inc. earns an operating margin of -150.7%, below the Financial Services sector average of 21.6%. Operating margins have compressed from -15.9% to -150.7% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -108.3% indicates the company is currently destroying shareholder equity.
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 |
|---|---|---|---|---|---|---|---|
| Gross Margin | 28.4% | 28.4% | 18.6% | 60.3% | 75.4% | — | — |
| Operating Margin | -150.7% | -150.7% | -28.9% | -15.9% | -1232.2% | — | — |
| Net Profit Margin | -367.2% | -367.2% | -29.5% | -20.3% | -1285.9% | — | — |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| ROE | -108.3% | -108.3% | -7.6% | -6.2% | -11.2% | -40.8% | — |
| ROA | -31.9% | -31.9% | -6.3% | -5.2% | -10.1% | -40.7% | 642.4% |
| ROIC | -11.7% | -11.7% | -5.2% | -3.4% | -7.8% | -30.6% | — |
| ROCE | -15.6% | -15.6% | -7.0% | -4.4% | -10.2% | -40.8% | — |
CIFR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $2.1B ($2.8B total debt minus $628M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Debt / Equity | 3.31 | 3.31 | 0.08 | 0.04 | 0.06 | — | — |
| Debt / EBITDA | — | — | 0.94 | 0.55 | — | — | — |
| Net Debt / Equity | — | 2.56 | 0.07 | -0.13 | 0.03 | -0.59 | — |
| Net Debt / EBITDA | — | — | 0.85 | -1.61 | — | — | 0.00 |
| Debt / FCF | — | — | — | — | — | — | — |
| Interest Coverage | -21.58 | -21.58 | -24.95 | -10.11 | -270.63 | -2874.56 | — |
CIFR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Cipher Mining Inc.'s current ratio of 3.79x 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 4.60x to 3.79x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Current Ratio | 3.79 | 3.79 | 1.28 | 4.60 | 1.18 | 447.99 | — |
| Quick Ratio | 3.79 | 3.79 | 1.28 | 4.60 | 1.18 | 447.99 | — |
| Cash Ratio | 0.90 | 0.90 | 0.04 | 2.55 | 0.30 | 420.31 | — |
| Asset Turnover | — | 0.05 | 0.18 | 0.22 | 0.01 | — | — |
| Inventory Turnover | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — |
CIFR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Cipher Mining Inc. returns 1.1% to shareholders annually primarily through share buybacks.
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 |
|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — |
| Buyback Yield | 1.1% | 1.6% | 1.8% | 0.4% | 2.2% | 2.5% | 0.0% |
| Total Shareholder Yield | 1.1% | 1.6% | 1.8% | 0.4% | 2.2% | 2.5% | 0.0% |
| Shares Outstanding | — | $382M | $323M | $252M | $248M | $218M | $215M |
Peer Comparison
Compare CIFR 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 |
|---|---|---|---|---|---|---|---|---|---|
 CIFRYou | $8B | -9.6 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 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 |
 BITF | $1B | -16.6 | 37.6 | — | -16.8% | -55.8% | -12.0% | -17.1% | 0.7 |
 HUT | $11B | -47.3 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 IREN | $19B | 145.8 | 97.1 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 CORZ | $7B | -25.4 | — | — | 11.9% | -45.4% | — | — | — |
 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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Includes 30+ ratios · 6 years · Updated daily
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Start ComparisonCIFR — Frequently Asked Questions
Quick answers to the most common questions about buying CIFR stock.
What is Cipher Mining Inc.'s P/E ratio?
Cipher Mining Inc.'s current P/E ratio is -9.6x. This places it at the 50th percentile of its historical range.
What is Cipher Mining Inc.'s ROE?
Cipher Mining Inc.'s return on equity (ROE) is -108.3%. The historical average is -34.8%.
Is CIFR stock overvalued?
Based on historical data, Cipher Mining Inc. is trading at a P/E of -9.6x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Cipher Mining Inc.'s profit margins?
Cipher Mining Inc. has 28.4% gross margin and -150.7% operating margin.