Bakkt (BKKT) EV-to-EBIT: -2.16 (As of Aug. 24, 2026)

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BKKT Bakkt Inc BKKT
71 GF Score
Price $8.18
GF Value $2.70
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is Bakkt EV-to-EBIT?

Bakkt BKKT -4.77% 71 EV-to-EBIT is -2.16 as of Aug. 24, 2026. GuruFocus rates BKKT with a GF Score™ of 71/100 and a GF Value™ of $2.70 (Significantly Overvalued). The stock has 3 warning signs investors should review. Among 1,781 Software companies, Bakkt ranks worse than 56148.18% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bakkt's Enterprise Value is $318 Mil. Bakkt's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-148 Mil. Therefore, Bakkt's EV-to-EBIT for today is -2.16.

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

BKKT' s EV-to-EBIT Range Over the Past 10 Years
Min: -27.41   Med: -1.57   Max: -0.56
Current: -2.16

During the past 6 years, the highest EV-to-EBIT of Bakkt was -0.56. The lowest was -27.41. And the median was -1.57.

BKKT's EV-to-EBIT is ranked worse than
100% of 1781 companies
in the Software industry
Industry Median: 13.61 vs BKKT: -2.16

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Bakkt's Enterprise Value for the quarter that ended in Jun. 2026 was $302 Mil. Bakkt's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-148 Mil. Bakkt's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was -48.90%.


Bakkt  (NYSE:BKKT) 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) %.

Bakkt's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Jun. 2026 ) =EBIT / Enterprise Value (Q: Jun. 2026 )
=-147.53/301.6906
=-48.90 %

Bakkt's Enterprise Value for the quarter that ended in Jun. 2026 was $302 Mil.
Bakkt's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-148 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.


Bakkt EV-to-EBIT Related Terms


Bakkt EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Bakkt'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.

Bakkt EV-to-EBIT Chart

Bakkt Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial -12.94 -0.69 -2.31 -2.33 -1.62

Bakkt Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 -1.79 -8.34 -1.62 -1.00 -2.04

BKKT vs GRRR, TLS, MOVE: EV-to-EBIT Comparison

For the Software - Infrastructure subindustry, Bakkt'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.


Bakkt EV-to-EBIT vs Software Industry

For the Software industry and Technology sector, Bakkt's EV-to-EBIT distribution charts can be found below:

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


BKKT
71GF Score
Bakkt Inc BKKT
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bakkt EV-to-EBIT Calculation

Bakkt's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=318.439/-147.53
=-2.16

Bakkt's current Enterprise Value is $318 Mil.
Bakkt's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $-148 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 -2.16 mean?
Bakkt (BKKT) has a EV-to-EBIT of -2.16 as of Aug. 24, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Bakkt and its competitors. According to the industry distribution chart, Bakkt ranks #999999 out of 1781 companies in the Software industry.
Is Bakkt's EV-to-EBIT too high?
Bakkt's current EV-to-EBIT is -2.16. Based on the distribution chart, Bakkt ranks #999999 out of 1781 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bakkt has a GF Score™ of 71/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bakkt's EV-to-EBIT compare to GRRR and TLS?
According to the Software industry distribution chart, Bakkt ranks #999999 out of 1781 companies for EV-to-EBIT. This places Bakkt in the lower half of its industry. The industry median EV-to-EBIT is 13.61. 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 Software company?
The median EV-to-EBIT among Software companies is 13.61, based on 1,781 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 Bakkt and its competitors. For the Software industry, the median EV-to-EBIT is 13.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bakkt's current EV-to-EBIT is -2.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bakkt stock overvalued right now?
Based on GuruFocus' analysis, Bakkt (BKKT) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.70, compared to a current price of $8.18 — trading 203% above its estimated fair value. The current EV-to-EBIT is -2.16. Bakkt's overall GF Score™ is 71/100 with 3 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 Bakkt (BKKT), the current EV-to-EBIT is -2.16 as of Aug. 24, 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 Bakkt (BKKT) Overvalued in 2026?

Based on GuruFocus' analysis, Bakkt stock appears to be overvalued. The current stock price of $8.18 is trading 203% above its estimated GF Value™ of $2.70. GuruFocus considers Bakkt to be Significantly Overvalued.

Key valuation signals for BKKT:

  • EV-to-EBIT: -2.16
  • GF Value™: $2.70 vs. price of $8.18 (203% above fair value)
  • GF Score™: 71/100 with 3 warning signs

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


Bakkt Business Description

Address One Liberty Plaza, One Liberty Street, New York, NY, USA, 10006
Bakkt Inc builds digital financial infrastructure designed to support institutional participation in the digital asset economy. The company platform is built to accommodate various digital assets and offers its clients the flexibility to build a product that aligns with its vision and customers' needs. Its services include Bakkt Markets, Bakkt Agent, Bakkt Global.
71GF Score

Get the complete analysis for BKKT

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

$8.18
Price
$2.70
GF Value