DRK (DarkHorse Technologies) EV-to-EBITDA: -3.37 (As of Sep. 20, 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.

DRK DarkHorse Technologies Inc DRK
48 GF Score
Price $3.06
GF Value $2.05
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is DarkHorse Technologies EV-to-EBITDA?

DarkHorse Technologies DRK +6.92% 48 EV-to-EBITDA is -3.37 as of Sep. 20, 2026. GuruFocus rates DRK with a GF Score™ of 48/100 and a GF Value™ of $2.05 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,988 Software companies, DarkHorse Technologies ranks worse than 50301.76% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, DarkHorse Technologies's enterprise value is $28.52 Mil. DarkHorse Technologies's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $-8.47 Mil. Therefore, DarkHorse Technologies's EV-to-EBITDA for today is -3.37.

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

DRK' s EV-to-EBITDA Range Over the Past 10 Years
Min: -25.91   Med: -1.28   Max: 0.35
Current: -1.09

During the past 13 years, the highest EV-to-EBITDA of DarkHorse Technologies was 0.35. The lowest was -25.91. And the median was -1.28.

DRK's EV-to-EBITDA is ranked worse than
100% of 1988 companies
in the Software industry
Industry Median: 10.27 vs DRK: -1.09

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-09-20), DarkHorse Technologies's stock price is $3.06. DarkHorse Technologies's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was $-8.630. Therefore, DarkHorse Technologies's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


DarkHorse Technologies  (NAS:DRK) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

DarkHorse Technologies's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=3.06/-8.630
=At Loss

DarkHorse Technologies's share price for today is $3.06.
DarkHorse Technologies's Earnings per Share (Diluted) 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 $-8.630.

* 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.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


DarkHorse Technologies EV-to-EBITDA Related Terms


DarkHorse Technologies EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for DarkHorse Technologies's EV-to-EBITDA 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.

DarkHorse Technologies EV-to-EBITDA Chart

DarkHorse Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -16.78 -0.17 -3.16 -1.20 -1.13

DarkHorse Technologies Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA 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 -0.83 -2.09 -1.13 -0.44 -2.64

DRK vs SOS, GSIW, ABIT: EV-to-EBITDA Comparison

For the Software - Infrastructure subindustry, DarkHorse Technologies's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA 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.


DarkHorse Technologies EV-to-EBITDA vs Software Industry

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

* The bar in red indicates where DarkHorse Technologies's EV-to-EBITDA falls into.


DRK
48GF Score
DarkHorse Technologies Inc DRK
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

DarkHorse Technologies EV-to-EBITDA Calculation

DarkHorse Technologies's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=28.519/-8.473
=-3.37

DarkHorse Technologies's current Enterprise Value is $28.52 Mil.
DarkHorse Technologies's EBITDA 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 $-8.47 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-EBITDA →
What does a EV-to-EBITDA of -3.37 mean?
DarkHorse Technologies (DRK) has a EV-to-EBITDA of -3.37 as of Sep. 20, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on DarkHorse Technologies. According to the industry distribution chart, DarkHorse Technologies ranks #999999 out of 1988 companies in the Software industry.
Is DarkHorse Technologies' EV-to-EBITDA too high?
DarkHorse Technologies' current EV-to-EBITDA is -3.37. Based on the distribution chart, DarkHorse Technologies ranks #999999 out of 1988 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, DarkHorse Technologies has a GF Score™ of 48/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does DarkHorse Technologies' EV-to-EBITDA compare to SOS and GSIW?
According to the Software industry distribution chart, DarkHorse Technologies ranks #999999 out of 1988 companies for EV-to-EBITDA. This places DarkHorse Technologies in the lower half of its industry. The industry median EV-to-EBITDA is 10.27. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Software company?
The median EV-to-EBITDA among Software companies is 10.27, based on 1,988 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA 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-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on DarkHorse Technologies. For the Software industry, the median EV-to-EBITDA is 10.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. DarkHorse Technologies's current EV-to-EBITDA is -3.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DarkHorse Technologies stock overvalued right now?
Based on GuruFocus' analysis, DarkHorse Technologies (DRK) is currently considered Significantly Overvalued. The stock's GF Value™ is $2.05, compared to a current price of $3.06 — trading 49.3% above its estimated fair value. The current EV-to-EBITDA is -3.37. DarkHorse Technologies' overall GF Score™ is 48/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For DarkHorse Technologies (DRK), the current EV-to-EBITDA is -3.37 as of Sep. 20, 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 DarkHorse Technologies (DRK) Overvalued in 2026?

Based on GuruFocus' analysis, DarkHorse Technologies stock appears to be overvalued. The current stock price of $3.06 is trading 49.3% above its estimated GF Value™ of $2.05. GuruFocus considers DarkHorse Technologies to be Significantly Overvalued.

Key valuation signals for DRK:

  • EV-to-EBITDA: -3.37
  • GF Value™: $2.05 vs. price of $3.06 (49.3% above fair value)
  • GF Score™: 48/100 with 6 warning signs

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


DarkHorse Technologies 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.
48GF Score

Get the complete analysis for DRK

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

$3.06
Price
$2.05
GF Value