ANY (Sphere 3D) EV-to-EBIT: -0.78 (As of Jul. 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.

ANY Sphere 3D Corp ANY
56 GF Score
Price $1.60
GF Value $3.02
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Sphere 3D EV-to-EBIT?

Sphere 3D ANY -6.98% 56 EV-to-EBIT is -0.78 as of Jul. 21, 2026. GuruFocus rates ANY with a GF Score™ of 56/100 and a GF Value™ of $3.02 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 502 Capital Markets companies, Sphere 3D ranks worse than 199202.99% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Sphere 3D's Enterprise Value is $9.08 Mil. Sphere 3D's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-11.65 Mil. Therefore, Sphere 3D's EV-to-EBIT for today is -0.78.

The historical rank and industry rank for Sphere 3D's EV-to-EBIT or its related term are showing as below:

ANY' s EV-to-EBIT Range Over the Past 10 Years
Min: -22.38   Med: -0.92   Max: 0.2
Current: -0.78

During the past 13 years, the highest EV-to-EBIT of Sphere 3D was 0.20. The lowest was -22.38. And the median was -0.92.

ANY's EV-to-EBIT is ranked worse than
100% of 502 companies
in the Capital Markets industry
Industry Median: 10.2 vs ANY: -0.78

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Sphere 3D's Enterprise Value for the quarter that ended in Mar. 2026 was $2.32 Mil. Sphere 3D's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-11.65 Mil. Sphere 3D's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -502.69%.


Sphere 3D  (NAS:ANY) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Sphere 3D's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=-11.648/2.31715
=-502.69 %

Sphere 3D's Enterprise Value for the quarter that ended in Mar. 2026 was $2.32 Mil.
Sphere 3D's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.65 Mil.

* 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.


Sphere 3D EV-to-EBIT Related Terms


Sphere 3D EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Sphere 3D's EV-to-EBIT 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.

Sphere 3D EV-to-EBIT Chart

Sphere 3D Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -11.10 -0.14 -2.28 -0.68 -0.51

Sphere 3D Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 -0.21 -0.50 -1.12 -0.51 -0.20

ANY vs SOS, FDCT, CBLO: EV-to-EBIT Comparison

For the Capital Markets subindustry, Sphere 3D's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Sphere 3D EV-to-EBIT vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sphere 3D's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Sphere 3D's EV-to-EBIT falls into.


ANY
56GF Score
Sphere 3D Corp ANY
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sphere 3D EV-to-EBIT Calculation

Sphere 3D's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=9.082/-11.648
=-0.78

Sphere 3D's current Enterprise Value is $9.08 Mil.
Sphere 3D's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-11.65 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of -0.78 mean?
Sphere 3D (ANY) has a EV-to-EBIT of -0.78 as of Jul. 21, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Sphere 3D and its competitors. According to the industry distribution chart, Sphere 3D ranks #999999 out of 502 companies in the Capital Markets industry.
Is Sphere 3D's EV-to-EBIT too high?
Sphere 3D's current EV-to-EBIT is -0.78. Based on the distribution chart, Sphere 3D ranks #999999 out of 502 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Sphere 3D has a GF Score™ of 56/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sphere 3D's EV-to-EBIT compare to SOS and FDCT?
According to the Capital Markets industry distribution chart, Sphere 3D ranks #999999 out of 502 companies for EV-to-EBIT. This places Sphere 3D in the lower half of its industry. The industry median EV-to-EBIT is 10.20. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBIT for a Capital Markets company?
The median EV-to-EBIT among Capital Markets companies is 10.20, based on 502 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Sphere 3D and its competitors. For the Capital Markets industry, the median EV-to-EBIT is 10.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sphere 3D's current EV-to-EBIT is -0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sphere 3D stock overvalued right now?
Based on GuruFocus' analysis, Sphere 3D (ANY) is currently considered Possible Value Trap. The stock's GF Value™ is $3.02, compared to a current price of $1.60 — trading 47% below its estimated fair value. The current EV-to-EBIT is -0.78. Sphere 3D's overall GF Score™ is 56/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For Sphere 3D (ANY), the current EV-to-EBIT is -0.78 as of Jul. 21, 2026. 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 Sphere 3D (ANY) Overvalued in 2026?

Based on GuruFocus' analysis, Sphere 3D stock appears to be undervalued. The current stock price of $1.60 is trading 47% below its estimated GF Value™ of $3.02. GuruFocus considers Sphere 3D to be Possible Value Trap.

Key valuation signals for ANY:

  • EV-to-EBIT: -0.78
  • GF Value™: $3.02 vs. price of $1.60 (47% below fair value)
  • GF Score™: 56/100 with 4 warning signs

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


Sphere 3D Business Description

Other Exchanges 8S30:Germany
Address 243 Tresser Boulevard, 17th Floor, Stamford, CT, USA, 06901
Sphere 3D Corp is engaged in the Bitcoin mining business. The company has established an enterprise-scale mining operation through the procurement of mining equipment and partnering with experienced service providers. It generates revenue from mining and selling Bitcoin.
56GF Score

Get the complete analysis for ANY

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

$1.60
Price
$3.02
GF Value