ARBK (Argo Blockchain) Debt-to-EBITDA : 0.11 (As of Dec. 2025) — 62% Below Median

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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Founder & CEO of GuruFocus
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ARBK Argo Blockchain PLC ARBK
46 GF Score
Price $3.11
GF Value $31.10
Valuation Possible Value Trap
! 5 Warning Signs
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What is Argo Blockchain Debt-to-EBITDA?

Argo Blockchain ARBK +0.32% 46 Debt-to-EBITDA is 0.11 as of Dec. 2025, which is 62% below its 10-year median of 0.29. GuruFocus rates ARBK with a GF Score™ of 46/100 and a GF Value™ of $31.10 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 422 Capital Markets companies, Argo Blockchain ranks better than 75.83% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Argo Blockchain's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1.73 Mil. Argo Blockchain's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2025 was $1.77 Mil. Argo Blockchain's annualized EBITDA for the quarter that ended in Dec. 2025 was $33.24 Mil. Argo Blockchain's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 was 0.11.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Argo Blockchain's Debt-to-EBITDA or its related term are showing as below:

ARBK' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -21.18   Med: 0.29   Max: 1.06
Current: 0.29

During the past 8 years, the highest Debt-to-EBITDA Ratio of Argo Blockchain was 1.06. The lowest was -21.18. And the median was 0.29.

ARBK's Debt-to-EBITDA is ranked better than
75.83% of 422 companies
in the Capital Markets industry
Industry Median: 1.6 vs ARBK: 0.29

Argo Blockchain  (NAS:ARBK) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Argo Blockchain Debt-to-EBITDA Related Terms


Argo Blockchain Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Argo Blockchain's Debt-to-EBITDA 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.

Argo Blockchain Debt-to-EBITDA Chart

Argo Blockchain Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial 1.06 -0.40 -21.18 -1.22 0.29

Argo Blockchain Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Debt-to-EBITDA 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 -9.14 -0.99 -1.96 -4.38 0.11

ARBK vs BTCS, BGDE, PLUT: Debt-to-EBITDA Comparison

For the Capital Markets subindustry, Argo Blockchain's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA 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.


Argo Blockchain Debt-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Argo Blockchain's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Argo Blockchain's Debt-to-EBITDA falls into.


ARBK
46GF Score
Argo Blockchain PLC ARBK
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Argo Blockchain Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Argo Blockchain's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.731 + 1.774) / 12.02
=0.29

Argo Blockchain's annualized Debt-to-EBITDA for the quarter that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(1.731 + 1.774) / 33.24
=0.11

* 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.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is two times the quarterly (Dec. 2025) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 0.11 mean?
Argo Blockchain (ARBK) has a Debt-to-EBITDA of 0.11 as of Dec. 2025. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Argo Blockchain. This is 62% below median its historical median of 0.29. According to the industry distribution chart, Argo Blockchain ranks #102 out of 422 companies in the Capital Markets industry, placing it in the top 24.2%.
Is Argo Blockchain's Debt-to-EBITDA too high?
Argo Blockchain's current Debt-to-EBITDA of 0.11 is 62% below median its 10-year median of 0.29. The Capital Markets industry median Debt-to-EBITDA is 1.60. Argo Blockchain's value of 0.11 is 93.1% below this industry median. Based on the distribution chart, Argo Blockchain ranks #102 out of 422 companies in the Capital Markets industry, which is in the top quartile — a strong position relative to peers. Overall, Argo Blockchain has a GF Score™ of 46/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Argo Blockchain's Debt-to-EBITDA compare to BTCS and BGDE?
According to the Capital Markets industry distribution chart, Argo Blockchain ranks #102 out of 422 companies for Debt-to-EBITDA. This places Argo Blockchain in the top 24% of its industry — outperforming the majority of peers. The industry median Debt-to-EBITDA is 1.60. Argo Blockchain's value of 0.11 is 93.1% below this benchmark. While the company's 10-year median is 0.29 vs. the industry median of 1.60, Argo Blockchain has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Capital Markets company?
The median Debt-to-EBITDA among Capital Markets companies is 1.60, based on 422 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Argo Blockchain's current Debt-to-EBITDA of 0.11 is 93.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Argo Blockchain. For the Capital Markets industry, the median Debt-to-EBITDA is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Argo Blockchain's current Debt-to-EBITDA is 0.11, which is 62% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Argo Blockchain stock overvalued right now?
Based on GuruFocus' analysis, Argo Blockchain (ARBK) is currently considered Possible Value Trap. The stock's GF Value™ is $31.10, compared to a current price of $3.11 — trading 90% below its estimated fair value. The current Debt-to-EBITDA is 0.11, which is 62% below median its 10-year median of 0.29 and 93.1% below the Capital Markets industry median of 1.60. Argo Blockchain's overall GF Score™ is 46/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Argo Blockchain (ARBK), the current Debt-to-EBITDA is 0.11 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Argo Blockchain (ARBK) Overvalued in 2026?

Based on GuruFocus' analysis, Argo Blockchain stock appears to be undervalued. The current stock price of $3.11 is trading 90% below its estimated GF Value™ of $31.10. GuruFocus considers Argo Blockchain to be Possible Value Trap.

Key valuation signals for ARBK:

  • Debt-to-EBITDA: 0.11 (62% below median its 10-year median of 0.29)
  • GF Value™: $31.10 vs. price of $3.11 (90% below fair value)
  • GF Score™: 46/100 with 5 warning signs
  • Industry Position: 93.1% below the Capital Markets median (#102 of 422)

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


Argo Blockchain Business Description

Address 27/28 Eastcastle Street, Eastcastle House, London, GBR, W1W 8DH
Argo Blockchain PLC is a blockchain technology company focused on the large-scale mining of Bitcoin. It mines bitcoin using purpose-built computers (or mining machines) to solve complex cryptographic algorithms on the blockchain in exchange for rewards and fees denominated in the native token of that blockchain network. The company acquires and deploys mining technology solutions in North American facilities that utilize predominantly renewable and inexpensive electricity.
46GF Score

Get the complete analysis for ARBK

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$3.11
Price
$31.10
GF Value