Hut 8 (HUT) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HUT Hut 8 Corp HUT
18 GF Score
Price $103.42
GF Value $33.52
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Hut 8 Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hut 8  (NAS:HUT) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Hut 8 Cyclically Adjusted PS Ratio Related Terms


Hut 8 Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Hut 8's Cyclically Adjusted PS Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Hut 8 Cyclically Adjusted PS Ratio Chart

Hut 8 Annual Data
Trend Jun16 Jun17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Hut 8 Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.72 10.64 14.65 14.68 35.72

HUT vs HLI, XP, EVR: Cyclically Adjusted PS Ratio Comparison

For the Capital Markets subindustry, Hut 8's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Hut 8 Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hut 8's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Hut 8's Cyclically Adjusted PS Ratio falls into.


HUT
18GF Score
Hut 8 Corp HUT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Hut 8 Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Hut 8's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Hut 8's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.632/333.9520*333.9520
=0.632

Current CPI (Jun. 2026) = 333.9520.

Hut 8 Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 0.000 238.132 0.000
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 0.000 244.955 0.000
201803 0.584 249.554 0.782
201806 0.367 251.989 0.486
201809 0.810 252.439 1.072
201812 0.577 251.233 0.767
201903 0.615 254.202 0.808
201906 1.335 256.143 1.741
201909 1.298 256.759 1.688
201912 0.622 256.974 0.808
202003 0.523 258.115 0.677
202006 0.364 257.797 0.472
202009 0.223 260.280 0.286
202012 0.512 260.474 0.656
202103 0.994 264.877 1.253
202106 1.107 271.696 1.361
202109 1.364 274.310 1.661
202112 1.354 278.802 1.622
202203 1.182 287.504 1.373
202206 0.965 296.311 1.088
202209 0.623 296.808 0.701
202212 0.388 296.797 0.437
202303 0.368 301.836 0.407
202306 0.475 305.109 0.520
202309 0.502 307.789 0.545
202312 0.437 306.746 0.476
202403 0.552 312.332 0.590
202406 0.390 314.175 0.415
202409 0.454 315.301 0.481
202412 0.319 315.605 0.338
202503 0.212 319.799 0.221
202506 0.347 322.561 0.359
202509 0.686 324.800 0.705
202512 0.804 324.054 0.829
202603 0.639 330.213 0.646
202606 0.632 333.952 0.632

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Hut 8 (HUT) Overvalued in 2026?

Based on GuruFocus' analysis, Hut 8 stock appears to be overvalued. The current stock price of $103.42 is trading 208.5% above its estimated GF Value™ of $33.52. GuruFocus considers Hut 8 to be Significantly Overvalued.

Key valuation signals for HUT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $33.52 vs. price of $103.42 (208.5% above fair value)
  • GF Score™: 18/100 with 3 warning signs

No single metric tells the full story. See the HUT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Hut 8 Business Description

Address 1101 Brickell Avenue, Suite 1500, Miami, FL, USA, 33131
Hut 8 Corp is an energy infrastructure platform that integrates power, digital infrastructure, and compute at scale to fuel next-generation, energy-intensive use cases. The company has four reportable business segments: Power, Digital Infrastructure, Compute, and Other. It derives maximum revenue from the Compute segment which consists of Bitcoin Mining, GPU-as-a-Service, and Data Center Cloud operations. Its geographical segments include the United States and Canada, of which it generates the majority of revenue from the United States.
18GF Score

Get the complete analysis for HUT

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$103.42
Price
$33.52
GF Value