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BullishBLSH +1.17%15 EV-to-EBIT is -3.21 as of Jul. 15, 2026. GuruFocus rates BLSH with a GF Score™ of 15/100. The stock has 3 warning signs investors should review. Among 1,761 Software companies, Bullish ranks worse than 56785.86% on this metric.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bullish's Enterprise Value is $3,167 Mil.
Bullish's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-986 Mil. Therefore, Bullish's EV-to-EBIT for today is -3.21.
The historical rank and industry rank for Bullish's EV-to-EBIT or its related term are showing as below:
BLSH'
s EV-to-EBIT Range Over the Past 10 Years
Min: -694.88 Med: -6.36 Max: -2.92
Current: -3.21
During the past 6 years, the highest EV-to-EBIT of Bullish was -2.92. The lowest was -694.88. And the median was -6.36.
BLSH's EV-to-EBIT is ranked worse than 100% of 1761
companies
in the Software industry
Industry Median: 14.25
vs BLSH: -3.21
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.
Bullish's Enterprise Value for the quarter that ended in Mar. 2026 was $4,773 Mil.
Bullish'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 $-986 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.
Bullish EV-to-EBIT Related Terms
Bullish EV-to-EBIT Historical Data
* Premium members only.
The historical data trend for Bullish'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.
For the Software - Infrastructure subindustry, Bullish'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.
Bullish EV-to-EBIT vs Software Industry
For the Software industry and Technology sector, Bullish's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where Bullish's EV-to-EBIT falls into.
Bullish's current Enterprise Value is $3,167 Mil.
Bullish'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 $-986 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.
Bullish (BLSH) has a EV-to-EBIT of -3.21 as of Jul. 15, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Bullish and its competitors. According to the industry distribution chart, Bullish ranks #999999 out of 1761 companies in the Software industry.
Is Bullish's EV-to-EBIT too high?
Bullish's current EV-to-EBIT is -3.21. Based on the distribution chart, Bullish ranks #999999 out of 1761 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Bullish has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's EV-to-EBIT compare to CLBT and BOX?
According to the Software industry distribution chart, Bullish ranks #999999 out of 1761 companies for EV-to-EBIT. This places Bullish in the lower half of its industry. The industry median EV-to-EBIT is 14.25. 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 14.25, based on 1,761 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 Bullish and its competitors. For the Software industry, the median EV-to-EBIT is 14.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bullish's current EV-to-EBIT is -3.21. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullish stock overvalued right now?
Bullish (BLSH) has a current EV-to-EBIT of -3.21. The current EV-to-EBIT is -3.21. Bullish's overall GF Score™ is 15/100 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 Bullish (BLSH), the current EV-to-EBIT is -3.21 as of Jul. 15, 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.
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
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