Bitcoin Treasury (FRA:D2R) EV-to-EBIT: -1.57 (As of Aug. 07, 2026)

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FRA:D2R Bitcoin Treasury Corp FRA:D2R
9 GF Score
Price €1.80
! 3 Warning Signs
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What is Bitcoin Treasury EV-to-EBIT?

Bitcoin Treasury FRA:D2R 9 EV-to-EBIT is -1.57 as of Aug. 07, 2026. GuruFocus rates FRA:D2R with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 314 Credit Services companies, Bitcoin Treasury ranks worse than 318471.02% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Bitcoin Treasury's Enterprise Value is €27.99 Mil. Bitcoin Treasury's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €-17.86 Mil. Therefore, Bitcoin Treasury's EV-to-EBIT for today is -1.57.

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

FRA:D2R' s EV-to-EBIT Range Over the Past 10 Years
Min: -4.37   Med: -2.15   Max: -1.54
Current: -1.54

During the past 1 years, the highest EV-to-EBIT of Bitcoin Treasury was -1.54. The lowest was -4.37. And the median was -2.15.

FRA:D2R's EV-to-EBIT is ranked worse than
100% of 314 companies
in the Credit Services industry
Industry Median: 22.61 vs FRA:D2R: -1.54

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Bitcoin Treasury's Enterprise Value for the quarter that ended in Mar. 2026 was €32.24 Mil. Bitcoin Treasury's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was €-17.86 Mil. Bitcoin Treasury's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was -55.39%.


Bitcoin Treasury  (FRA:D2R) 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) %.

Bitcoin Treasury'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 )
=-17.858/32.24122
=-55.39 %

Bitcoin Treasury's Enterprise Value for the quarter that ended in Mar. 2026 was €32.24 Mil.
Bitcoin Treasury'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 €-17.86 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.


Bitcoin Treasury EV-to-EBIT Related Terms


Bitcoin Treasury EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for Bitcoin Treasury'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.

Bitcoin Treasury EV-to-EBIT Chart

Bitcoin Treasury Annual Data
Trend Dec25
EV-to-EBIT
-2.46

Bitcoin Treasury Quarterly Data
Mar24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT Get a 7-Day Free Trial 0.00 0.00 0.00 -2.46 -1.85

FRA:D2R vs V, MA, AXP: EV-to-EBIT Comparison

For the Credit Services subindustry, Bitcoin Treasury'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.


Bitcoin Treasury EV-to-EBIT vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Bitcoin Treasury's EV-to-EBIT distribution charts can be found below:

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


FRA:D2R
9GF Score
Bitcoin Treasury Corp FRA:D2R
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
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Bitcoin Treasury EV-to-EBIT Calculation

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=27.985/-17.858
=-1.57

Bitcoin Treasury's current Enterprise Value is €27.99 Mil.
Bitcoin Treasury'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 €-17.86 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 -1.57 mean?
Bitcoin Treasury (FRA:D2R) has a EV-to-EBIT of -1.57 as of Aug. 07, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on Bitcoin Treasury and its competitors. According to the industry distribution chart, Bitcoin Treasury ranks #999999 out of 314 companies in the Credit Services industry.
Is Bitcoin Treasury's EV-to-EBIT too high?
Bitcoin Treasury's current EV-to-EBIT is -1.57. Based on the distribution chart, Bitcoin Treasury ranks #999999 out of 314 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Bitcoin Treasury has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does Bitcoin Treasury's EV-to-EBIT compare to V and MA?
According to the Credit Services industry distribution chart, Bitcoin Treasury ranks #999999 out of 314 companies for EV-to-EBIT. This places Bitcoin Treasury in the lower half of its industry. The industry median EV-to-EBIT is 22.61. 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 Credit Services company?
The median EV-to-EBIT among Credit Services companies is 22.61, based on 314 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 Bitcoin Treasury and its competitors. For the Credit Services industry, the median EV-to-EBIT is 22.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bitcoin Treasury's current EV-to-EBIT is -1.57. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bitcoin Treasury stock overvalued right now?
Bitcoin Treasury (FRA:D2R) has a current EV-to-EBIT of -1.57. The current EV-to-EBIT is -1.57. Bitcoin Treasury's overall GF Score™ is 9/100 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 Bitcoin Treasury (FRA:D2R), the current EV-to-EBIT is -1.57 as of Aug. 07, 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.

Bitcoin Treasury Business Description

Other Exchanges D2R:GermanyBTCT:Canada
Address 161 Bay Street, Suite 1210, Toronto, ON, CAN, M5J 2S1
Bitcoin Treasury Corp provides Bitcoin services to institutional clients, with a current focus on Bitcoin lending, and to opportunistically pursue liquidity and collateral solutions. Its focus is to build shareholder value through the strategic accumulation and active deployment of Bitcoin, while growing Bitcoin per Share (BPS).
9GF 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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