HIVE Digital Technologies Ltd. (HIVE) Financial Ratios
22 years of historical data (2005–2026) · Financial Services · Information Technology Services
EV/EBITDA
↑
23.44
↑+398% vs avg
5yr avg: 4.70
30Y Low2.1·High48.9
P/FCF
N/A
—
5yr avg: 139.60
30Y Low139.6·High139.6
P/B Ratio
↓
1.81
↑+39% vs avg
5yr avg: 1.31
30Y Low0.4·High11.2
ROE
↓
-30.3%
↑-101% vs avg
5yr avg: -15.1%
30Y Low-159%·High32%
Debt/EBITDA
↑
1.40
↑+125% vs avg
5yr avg: 0.62
30Y Low0.0·High5.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
HIVE Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
HIVE Digital Technologies 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.1B | $428M | $186M | $303M | $273M | $903M | $1.4B | $46M | $126M | $189M | $3M |
| Enterprise Value | $1.2B | $476M | $217M | $324M | $304M | $941M | $1.4B | $46M | $122M | $194M | $3M |
| P/E Ratio → | -6.45 | — | — | 11.62 | — | 11.33 | 59.09 | — | — | — | — |
| P/S Ratio | 3.83 | 1.44 | 1.61 | 2.65 | 2.56 | 4.28 | 21.11 | 1.57 | 3.95 | 14.46 | — |
| P/B Ratio | 1.81 | 0.81 | 0.41 | 1.17 | 1.83 | 2.33 | 11.15 | 2.17 | 5.73 | 1.25 | — |
| P/FCF | — | — | — | — | 139.60 | — | — | — | — | — | — |
| P/OCF | 18.39 | 6.91 | 11.15 | 22.42 | 6.09 | 13.63 | 62.27 | 59.47 | — | — | — |
P/E links to full P/E history page with 30-year chart
HIVE EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
HIVE Digital Technologies Ltd.'s enterprise value stands at 23.4x EBITDA, 398% above its 5-year average of 4.7x. The Financial Services sector median is 11.4x, placing the stock at a 106% premium on an enterprise-value basis.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.60 | 1.89 | 2.83 | 2.86 | 4.46 | 21.11 | 1.56 | 3.83 | 14.86 | — |
| EV / EBITDA | 23.44 | 9.40 | 3.41 | 3.44 | 2.80 | 4.46 | 27.06 | 5.21 | 2.13 | 48.85 | — |
| EV / EBIT | — | — | — | 9.17 | — | 11.87 | 26.45 | — | — | — | — |
| EV / FCF | — | — | — | — | 155.51 | — | — | — | — | — | — |
HIVE Profitability
Margins and return-on-capital ratios measuring operating efficiency
HIVE Digital Technologies Ltd. earns an operating margin of -40.2%, below the Financial Services sector average of 20.3%. Operating margins have compressed from 28.6% to -40.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -30.3% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | -21.0% | -21.0% | 21.8% | 32.8% | 47.8% | 77.6% | 75.5% | 29.1% | 22.1% | 77.5% | — |
| Operating Margin | -40.2% | -40.2% | 1.4% | 28.6% | 27.5% | 69.2% | 65.5% | 10.6% | 3.7% | 6.0% | — |
| Net Profit Margin | -49.8% | -49.8% | -2.6% | 23.2% | -222.4% | 37.7% | 35.7% | -5.7% | -433.0% | -200.6% | — |
Return on Capital
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -30.3% | -30.3% | -0.8% | 13.0% | -88.0% | 30.8% | 32.4% | -7.7% | -159.3% | -35.2% | — |
| ROA | -25.4% | -25.4% | -0.7% | 10.5% | -73.0% | 25.3% | 23.3% | -5.8% | -145.7% | -32.4% | -170.7% |
| ROIC | -16.3% | -16.3% | 0.3% | 10.3% | 7.1% | 36.6% | 34.2% | 9.1% | 0.9% | 0.7% | — |
| ROCE | -22.8% | -22.8% | 0.4% | 14.4% | 9.7% | 49.2% | 46.6% | 14.1% | 1.3% | 1.0% | — |
HIVE Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
HIVE Digital Technologies Ltd. carries a Debt/EBITDA ratio of 1.4x, which is manageable (67% below the sector average of 4.3x). Net debt stands at $48M ($71M total debt minus $23M cash).
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.13 | 0.13 | 0.12 | 0.12 | 0.24 | 0.11 | 0.31 | 0.24 | 0.13 | 0.13 | — |
| Debt / EBITDA | 1.40 | 1.40 | 0.87 | 0.32 | 0.33 | 0.21 | 0.76 | 0.58 | 0.05 | 5.03 | — |
| Net Debt / Equity | — | 0.09 | 0.07 | 0.08 | 0.21 | 0.10 | -0.00 | -0.00 | -0.18 | 0.03 | — |
| Net Debt / EBITDA | 0.95 | 0.95 | 0.50 | 0.22 | 0.29 | 0.18 | -0.00 | -0.01 | -0.07 | 1.32 | — |
| Debt / FCF | — | — | — | — | 15.90 | — | — | — | — | — | — |
| Interest Coverage | -108.04 | -108.04 | -14.50 | 9.93 | -31.60 | 20.49 | 44.50 | -7.23 | -385.24 | -62.38 | -0.12 |
HIVE Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.10x means HIVE Digital Technologies Ltd. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 6.83x to 1.10x over the past 3 years.
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.10 | 1.10 | 3.72 | 6.83 | 3.77 | 7.66 | 10.91 | 2.53 | 2.69 | 4.79 | 0.01 |
| Quick Ratio | 1.10 | 1.10 | 3.72 | 6.83 | 3.77 | 7.66 | 10.91 | 2.53 | 2.69 | 4.79 | 0.01 |
| Cash Ratio | 0.42 | 0.42 | 0.35 | 0.36 | 0.20 | 0.20 | 4.09 | 0.71 | 1.17 | 1.47 | 0.01 |
| Asset Turnover | — | 0.47 | 0.22 | 0.37 | 0.54 | 0.47 | 0.38 | 1.00 | 1.15 | 0.08 | — |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
HIVE Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
HIVE Digital Technologies 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 2026 | FY 2025 | 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 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 8.6% | — | 8.8% | 1.7% | — | — | — | — |
| FCF Yield | — | — | — | — | 0.7% | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.5% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 3.5% | 0.0% | 0.0% |
| Shares Outstanding | — | $225M | $128M | $90M | $83M | $85M | $73M | $65M | $63M | $38M | $9M |
Peer Comparison
Compare HIVE 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 |
|---|---|---|---|---|---|---|---|---|---|
 HIVEYou | $1B | -6.5 | 23.4 | — | -21.0% | -40.2% | -30.3% | -16.3% | 1.4 |
 MARA | $5B | -3.9 | — | — | -47.7% | -90.6% | -34.5% | -9.0% | — |
 RIOT | $11B | -14.4 | — | — | -15.6% | -61.8% | -22.1% | -8.7% | — |
 CLSK | $4B | 15.4 | 7.8 | — | 41.6% | 41.6% | 18.5% | 10.3% | 1.2 |
 CIFR | $12B | -13.6 | — | — | 28.4% | -150.7% | -108.3% | -11.7% | — |
 BTBT | $707M | -7.0 | — | — | 21.4% | -49.8% | -12.1% | -5.8% | — |
 HUT | $14B | -58.1 | — | — | -614.6% | -2104.6% | -16.9% | -13.8% | — |
 CORZ | $9B | -33.1 | — | — | 11.9% | -70.4% | — | — | — |
 IREN | $21B | 153.7 | 109.8 | — | 68.3% | 3.5% | 6.0% | 0.7% | 4.9 |
 WULF | $12B | -17.5 | — | — | 50.9% | -101.1% | -343.7% | -4.2% | — |
 BITF | $1B | -16.6 | 37.6 | — | -8.2% | -65.2% | -48.7% | -12.0% | — |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 22 years · Updated daily
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HIVE — Frequently Asked Questions
Quick answers to the most common questions about buying HIVE stock.
What is HIVE Digital Technologies Ltd.'s P/E ratio?
HIVE Digital Technologies Ltd.'s current P/E ratio is -6.5x. The historical average is 27.3x.
What is HIVE Digital Technologies Ltd.'s EV/EBITDA?
HIVE Digital Technologies Ltd.'s current EV/EBITDA is 23.4x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 10.9x.
What is HIVE Digital Technologies Ltd.'s ROE?
HIVE Digital Technologies Ltd.'s return on equity (ROE) is -30.3%. The historical average is -27.3%.
Is HIVE stock overvalued?
Based on historical data, HIVE Digital Technologies Ltd. is trading at a P/E of -6.5x. Compare with industry peers and growth rates for a complete picture.
What are HIVE Digital Technologies Ltd.'s profit margins?
HIVE Digital Technologies Ltd. has -21.0% gross margin and -40.2% operating margin.
How much debt does HIVE Digital Technologies Ltd. have?
HIVE Digital Technologies Ltd.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.