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.
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.
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, HashKey Holdings's Enterprise Value is HK$4,902.0 Mil.
HashKey Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-1,155.2 Mil. Therefore, HashKey Holdings's EV-to-EBIT ratio for today is -4.24.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, HashKey Holdings's Enterprise Value is HK$4,902.0 Mil.
HashKey Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-1,132.9 Mil. Therefore, HashKey Holdings's EV-to-EBITDA ratio for today is -4.33.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, HashKey Holdings's Enterprise Value is HK$4,902.0 Mil.
HashKey Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$781.6 Mil. Therefore, HashKey Holdings's EV-to-Revenue ratio for today is 6.27.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, HashKey Holdings's Enterprise Value is HK$4,902.0 Mil.
HashKey Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-695.8 Mil. Therefore, HashKey Holdings's EV-to-FCF ratio for today is -7.04.
*** 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.
HashKey Holdings (HKSE:03887) 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.
HashKey Holdings's current Enterprise Value is HK$4,902.0 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HashKey Holdings's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-1,155.2 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
HashKey Holdings's current Enterprise Value is HK$4,902.0 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HashKey Holdings's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-1,132.9 Mil.
HashKey Holdings's current Enterprise Value is HK$4,902.0 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HashKey Holdings's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was HK$781.6 Mil.
HashKey Holdings's current Enterprise Value is HK$4,902.0 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HashKey Holdings's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-692.3 Mil.
HashKey Holdings's current Enterprise Value is HK$4,902.0 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. HashKey Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was HK$-695.8 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.
HashKey Holdings Enterprise Value Related Terms
HashKey Holdings Enterprise Value Historical Data
* Premium members only.
The historical data trend for HashKey Holdings'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.
HKSE:03887 vs SPGI, CME, ICE: Enterprise Value Comparison
For the Financial Data & Stock Exchanges subindustry, HashKey Holdings'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.
HashKey Holdings Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HashKey Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where HashKey Holdings'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.
HashKey Holdings'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.
What does a Enterprise Value of HK$4,902.0 Mil mean?
HashKey Holdings (HKSE:03887) has a Enterprise Value of HK$4,902.0 Mil as of Sep. 01, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on HashKey Holdings and its competitors.
Is HashKey Holdings' Enterprise Value too high?
HashKey Holdings' current Enterprise Value is HK$4,902.0 Mil. Overall, HashKey Holdings has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does HashKey Holdings' Enterprise Value compare to SPGI and CME?
HashKey Holdings' Enterprise Value of HK$4,902.0 Mil can be compared against companies in the Capital Markets 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 a Capital Markets company?
A good Enterprise Value depends on the Capital Markets 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 HashKey Holdings and its competitors. HashKey Holdings's current Enterprise Value is HK$4,902.0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HashKey Holdings stock overvalued right now?
HashKey Holdings (HKSE:03887) has a current Enterprise Value of HK$4,902.0 Mil. The current Enterprise Value is HK$4,902.0 Mil. HashKey Holdings' overall GF Score™ is 11/100 with 5 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 HashKey Holdings (HKSE:03887), the current Enterprise Value is HK$4,902.0 Mil as of Sep. 01, 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.
HashKey Holdings Ltd is an investment holding company, principally engaged in digital asset exchange custody, asset management, and related blockchain infrastructure services. The Group's business includes licensed digital asset trading platforms, brokerage services, custody solutions, asset management products, and technology services provided to institutional and professional clients. The company's business segments are: Transaction facilitation services, On-chain services, and Asset management services. It derived the majority of revenue from the Transaction facilitation services segment, covering digital asset exchange services, brokerage services, and custody services. Geographically, it derived the maximum revenue from Hong Kong.
11GF Score
Get the complete analysis for HKSE:03887
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
HKSE:03887 has been successfully added to your 
