DEFG (Grayscale Decentralized Finance (DeFi) Fund LLC) EV-to-EBIT: -1.26 (As of Aug. 25, 2026)

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DEFG Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
38 GF Score
Price $11.17
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What is Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT?

Grayscale Decentralized Finance (DeFi) Fund LLC DEFG -0.53% 38 EV-to-EBIT is -1.26 as of Aug. 25, 2026. GuruFocus rates DEFG with a GF Score™ of 38/100. Among 499 Asset Management companies, Grayscale Decentralized Finance (DeFi) Fund LLC ranks worse than 200400.6% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Grayscale Decentralized Finance (DeFi) Fund LLC's Enterprise Value is $2.67 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.13 Mil. Therefore, Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT for today is -1.26.

The historical rank and industry rank for Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT or its related term are showing as below:

DEFG' s EV-to-EBIT Range Over the Past 10 Years
Min: -14.07   Med: -0.94   Max: 33.8
Current: -1.26

During the past 4 years, the highest EV-to-EBIT of Grayscale Decentralized Finance (DeFi) Fund LLC was 33.80. The lowest was -14.07. And the median was -0.94.

DEFG's EV-to-EBIT is ranked worse than
100% of 499 companies
in the Asset Management industry
Industry Median: 9.67 vs DEFG: -1.26

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Grayscale Decentralized Finance (DeFi) Fund LLC's Enterprise Value for the quarter that ended in Mar. 2026 was $1.69 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-2.13 Mil. Grayscale Decentralized Finance (DeFi) Fund LLC's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -125.98%.


Grayscale Decentralized Finance (DeFi) Fund LLC  (OTCPK:DEFG) 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) %.

Grayscale Decentralized Finance (DeFi) Fund LLC'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 )
=-2.125/1.6867425
=-125.98 %

Grayscale Decentralized Finance (DeFi) Fund LLC's Enterprise Value for the quarter that ended in Mar. 2026 was $1.69 Mil.
Grayscale Decentralized Finance (DeFi) Fund LLC'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 $-2.13 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.


Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT Related Terms


Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Grayscale Decentralized Finance (DeFi) Fund LLC'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.

Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT Chart

Grayscale Decentralized Finance (DeFi) Fund LLC Annual Data
Trend Jun22 Jun23 Jun24 Jun25
EV-to-EBIT
0.00 -1.09 -3.58 -23.27

Grayscale Decentralized Finance (DeFi) Fund LLC Quarterly Data
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 -0.70 -23.27 27.07 -0.61 -0.79

DEFG vs ZSTK, BNBX, TWAV: EV-to-EBIT Comparison

For the Asset Management subindustry, Grayscale Decentralized Finance (DeFi) Fund LLC'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.


Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT falls into.


DEFG
38GF Score
Grayscale Decentralized Finance (DeFi) Fund LLC DEFG
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Grayscale Decentralized Finance (DeFi) Fund LLC EV-to-EBIT Calculation

Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=2.670/-2.125
=-1.26

Grayscale Decentralized Finance (DeFi) Fund LLC's current Enterprise Value is $2.67 Mil.
Grayscale Decentralized Finance (DeFi) Fund LLC'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 $-2.13 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 -1.26 mean?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a EV-to-EBIT of -1.26 as of Aug. 25, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. According to the industry distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #999999 out of 499 companies in the Asset Management industry.
Is Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT too high?
Grayscale Decentralized Finance (DeFi) Fund LLC's current EV-to-EBIT is -1.26. Based on the distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #999999 out of 499 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, Grayscale Decentralized Finance (DeFi) Fund LLC has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does Grayscale Decentralized Finance (DeFi) Fund LLC's EV-to-EBIT compare to ZSTK and BNBX?
According to the Asset Management industry distribution chart, Grayscale Decentralized Finance (DeFi) Fund LLC ranks #999999 out of 499 companies for EV-to-EBIT. This places Grayscale Decentralized Finance (DeFi) Fund LLC in the lower half of its industry. The industry median EV-to-EBIT is 9.67. 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 an Asset Management company?
The median EV-to-EBIT among Asset Management companies is 9.67, based on 499 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 Grayscale Decentralized Finance (DeFi) Fund LLC and its competitors. For the Asset Management industry, the median EV-to-EBIT is 9.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Grayscale Decentralized Finance (DeFi) Fund LLC's current EV-to-EBIT is -1.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Grayscale Decentralized Finance (DeFi) Fund LLC stock overvalued right now?
Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG) has a current EV-to-EBIT of -1.26. The current EV-to-EBIT is -1.26. Grayscale Decentralized Finance (DeFi) Fund LLC's overall GF Score™ is 38/100. 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 Grayscale Decentralized Finance (DeFi) Fund LLC (DEFG), the current EV-to-EBIT is -1.26 as of Aug. 25, 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.

Grayscale Decentralized Finance (DeFi) Fund LLC Business Description

Address 290 Harbor Drive, 4th Floor, Stamford, CT, USA, 06902
Grayscale Decentralized Finance (DeFi) Fund LLC is an investment vehicle that invests in and derives value from a basket of decentralized finance applications in the form of a security while avoiding the challenges of buying, storing, and safekeeping DeFi directly. Its investment objective is for the value of the Shares (based on NAV per Share) to reflect the value of the fund components as determined by reference to their respective digital asset reference rates and fund weightings, less the fund's expenses and other liabilities. The fund components consist of the digital assets that make up the DFX (CoinDesk DeFi Select Index) as rebalanced from time to time.
38GF Score

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

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