Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, DeFi Development's Enterprise Value is $203.63 Mil.
DeFi Development's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $-144.76 Mil. Therefore, DeFi Development's EV-to-EBIT ratio for today is -1.41.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, DeFi Development's Enterprise Value is $203.63 Mil.
DeFi Development's EBITDA for the trailing twelve months (TTM) ended in Mar. 2026 was $-143.42 Mil. Therefore, DeFi Development's EV-to-EBITDA ratio for today is -1.42.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, DeFi Development's Enterprise Value is $203.63 Mil.
DeFi Development's Revenue for the trailing twelve months (TTM) ended in Mar. 2026 was $13.76 Mil. Therefore, DeFi Development's EV-to-Revenue ratio for today is 14.80.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, DeFi Development's Enterprise Value is $203.63 Mil.
DeFi Development's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was $-30.72 Mil. Therefore, DeFi Development's EV-to-FCF ratio for today is -6.63.
*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.
DeFi Development (NAS:DFDV) Enterprise Value Explanation
When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.
If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.
The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.
For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.
Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.
1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.
DeFi Development's current Enterprise Value is $203.63 Mil.
DeFi Development'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 $-144.76 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
DeFi Development's current Enterprise Value is $203.63 Mil.
DeFi Development's EBITDA 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 $-143.42 Mil.
DeFi Development's current Enterprise Value is $203.63 Mil.
DeFi Development's Revenue 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 $13.76 Mil.
DeFi Development's current Enterprise Value is $203.63 Mil.
DeFi Development's Cash Flow from Operations 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 $-27.00 Mil.
DeFi Development's current Enterprise Value is $203.63 Mil.
DeFi Development's Free Cash Flow 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 $-30.72 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.
DeFi Development Enterprise Value Related Terms
DeFi Development Enterprise Value Historical Data
* Premium members only.
The historical data trend for DeFi Development's Enterprise Value 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.
DFDV vs JHI, NIM, GLU: Enterprise Value Comparison
For the Asset Management subindustry, DeFi Development's Enterprise Value, along with its competitors' market caps and Enterprise Value 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.
DeFi Development Enterprise Value vs Asset Management Industry
For the Asset Management industry and Financial Services sector, DeFi Development's Enterprise Value distribution charts can be found below:
* The bar in red indicates where DeFi Development's Enterprise Value falls into.
Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.
DeFi Development's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as
* 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.
DeFi Development (DFDV) has a Enterprise Value of $203.63 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on DeFi Development and its competitors.
Is DeFi Development's Enterprise Value too high?
DeFi Development's current Enterprise Value is $203.63 Mil. Overall, DeFi Development has a GF Score™ of 38/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does DeFi Development's Enterprise Value compare to JHI and NIM?
DeFi Development's Enterprise Value of $203.63 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Asset Management company?
A good Enterprise Value depends on the Asset Management industry context. However, Enterprise Value 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 Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on DeFi Development and its competitors. DeFi Development's current Enterprise Value is $203.63 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is DeFi Development stock overvalued right now?
Based on GuruFocus' analysis, DeFi Development (DFDV) is currently considered Fairly Valued. The stock's GF Value™ is $2.69, compared to a current price of $2.73 — trading 1.5% above its estimated fair value. The current Enterprise Value is $203.63 Mil. DeFi Development's overall GF Score™ is 38/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For DeFi Development (DFDV), the current Enterprise Value is $203.63 Mil as of Jun. 26, 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 DeFi Development (DFDV) Overvalued in 2026?
Based on GuruFocus' analysis, DeFi Development stock appears to be overvalued.
The current stock price of $2.73 is trading 1.5% above its estimated GF Value™ of $2.69.
GuruFocus considers DeFi Development to be Fairly Valued.
Key valuation signals for DFDV:
Enterprise Value: $203.63 Mil
GF Value™: $2.69 vs. price of $2.73 (1.5% above fair value)
No single metric tells the full story. See the DFDV stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
DeFi Development Corp is a U.S. company committed to building its treasury around Solana (SOL), a fast-growing blockchain infrastructure platform. This equity delivers shareholders tangible exposure to SOL price movement and staking rewards, making the firm a proxy for the Solana ecosystem. The treasury extends to running its own validator infrastructure, allowing DFDV to actively participate in and benefit from the Solana network expansion. The firm has two segments: Digital Asset Treasury ("Treasury") and Real Estate Platform ("Real Estate"). The company generates the majority of its revenue from the Treasury segment.
38GF Score
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