Hut 8 (MIL:1HUT) Cyclically Adjusted PS Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

MIL:1HUT Hut 8 Corp MIL:1HUT
12 GF Score
Price €81.40
GF Value €29.51
Valuation Significantly Overvalued
! 3 Warning Signs
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What is Hut 8 Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Hut 8  (MIL:1HUT) 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

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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
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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 5.51 10.20 14.80 13.64 35.52

MIL:1HUT 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.


MIL:1HUT
12GF Score
Hut 8 Corp MIL:1HUT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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)
=0.544/333.9520*333.9520
=0.544

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 0.475 249.554 0.636
201806 0.308 251.989 0.408
201809 0.696 252.439 0.921
201812 0.506 251.233 0.673
201903 0.542 254.202 0.712
201906 1.188 256.143 1.549
201909 1.167 256.759 1.518
201912 0.562 256.974 0.730
202003 0.475 258.115 0.615
202006 0.330 257.797 0.427
202009 0.191 260.280 0.245
202012 0.430 260.474 0.551
202103 0.825 264.877 1.040
202106 0.919 271.696 1.130
202109 1.157 274.310 1.409
202112 1.185 278.802 1.419
202203 1.053 287.504 1.223
202206 0.906 296.311 1.021
202209 0.619 296.808 0.696
202212 0.380 296.797 0.428
202303 0.343 301.836 0.379
202306 0.437 305.109 0.478
202309 0.462 307.789 0.501
202312 0.407 306.746 0.443
202403 0.509 312.332 0.544
202406 0.363 314.175 0.386
202409 0.413 315.301 0.437
202412 0.299 315.605 0.316
202503 0.202 319.799 0.211
202506 0.306 322.561 0.317
202509 0.587 324.800 0.604
202512 0.691 324.054 0.712
202603 0.547 330.213 0.553
202606 0.544 333.952 0.544

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 (MIL:1HUT) Overvalued in 2026?

Based on GuruFocus' analysis, Hut 8 stock appears to be overvalued. The current stock price of €81.40 is trading 175.8% above its estimated GF Value™ of €29.51. GuruFocus considers Hut 8 to be Significantly Overvalued.

Key valuation signals for MIL:1HUT:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: €29.51 vs. price of €81.40 (175.8% above fair value)
  • GF Score™: 12/100 with 3 warning signs

No single metric tells the full story. See the MIL:1HUT 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.
12GF Score

Get the complete analysis for MIL:1HUT

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

€81.40
Price
€29.51
GF Value