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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, Soluna Holdings's Enterprise Value is $262.89 Mil.
Soluna Holdings's EBIT for the trailing twelve months (TTM) ended in Jun. 2026 was $-77.39 Mil. Therefore, Soluna Holdings's EV-to-EBIT ratio for today is -3.40.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Soluna Holdings's Enterprise Value is $262.89 Mil.
Soluna Holdings's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was $-58.26 Mil. Therefore, Soluna Holdings's EV-to-EBITDA ratio for today is -4.51.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Soluna Holdings's Enterprise Value is $262.89 Mil.
Soluna Holdings's Revenue for the trailing twelve months (TTM) ended in Jun. 2026 was $42.08 Mil. Therefore, Soluna Holdings's EV-to-Revenue ratio for today is 6.25.
EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Soluna Holdings's Enterprise Value is $262.89 Mil.
Soluna Holdings's Free Cash Flow for the trailing twelve months (TTM) ended in Jun. 2026 was $-56.62 Mil. Therefore, Soluna Holdings's EV-to-FCF ratio for today is -4.64.
*** 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.
Soluna Holdings (NAS:SLNH) 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.
Soluna Holdings's current Enterprise Value is $262.89 Mil.
Soluna Holdings's EBIT 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 $-77.39 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Soluna Holdings's current Enterprise Value is $262.89 Mil.
Soluna Holdings'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 $-58.26 Mil.
Soluna Holdings's current Enterprise Value is $262.89 Mil.
Soluna Holdings's Revenue 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 $42.08 Mil.
Soluna Holdings's current Enterprise Value is $262.89 Mil.
Soluna Holdings's Cash Flow from Operations 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 $-19.43 Mil.
Soluna Holdings's current Enterprise Value is $262.89 Mil.
Soluna Holdings's Free Cash Flow 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 $-56.62 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.
Soluna Holdings Enterprise Value Related Terms
Soluna Holdings Enterprise Value Historical Data
* Premium members only.
The historical data trend for Soluna 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.
SLNH vs FUFU, CFOR, CD: Enterprise Value Comparison
For the Capital Markets subindustry, Soluna 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.
Soluna Holdings Enterprise Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Soluna Holdings's Enterprise Value distribution charts can be found below:
* The bar in red indicates where Soluna 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.
Soluna 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.
Soluna Holdings (SLNH) has a Enterprise Value of $262.89 Mil as of Aug. 20, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Soluna Holdings and its competitors.
Is Soluna Holdings' Enterprise Value too high?
Soluna Holdings' current Enterprise Value is $262.89 Mil. Overall, Soluna Holdings has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Soluna Holdings' Enterprise Value compare to FUFU and CFOR?
Soluna Holdings' Enterprise Value of $262.89 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 Soluna Holdings and its competitors. Soluna Holdings's current Enterprise Value is $262.89 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Soluna Holdings stock overvalued right now?
Based on GuruFocus' analysis, Soluna Holdings (SLNH) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.14, compared to a current price of $1.16 — trading 725% above its estimated fair value. The current Enterprise Value is $262.89 Mil. Soluna Holdings' overall GF Score™ is 37/100 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 Soluna Holdings (SLNH), the current Enterprise Value is $262.89 Mil as of Aug. 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 Soluna Holdings (SLNH) Overvalued in 2026?
Based on GuruFocus' analysis, Soluna Holdings stock appears to be overvalued.
The current stock price of $1.16 is trading 725% above its estimated GF Value™ of $0.14.
GuruFocus considers Soluna Holdings to be Significantly Overvalued.
Key valuation signals for SLNH:
Enterprise Value: $262.89 Mil
GF Value™: $0.14 vs. price of $1.16 (725% above fair value)
No single metric tells the full story. See the SLNH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Soluna Holdings Inc is a U.S.-based company engaged in the development and operation of data centers powered by renewable energy. The company utilizes excess or curtailed energy from renewable sources to support high-performance computing applications, including cryptocurrency mining, artificial intelligence, and machine learning. Its business model focuses on converting underutilized renewable energy into computing resources through co-located data center infrastructure.
37GF Score
Get the complete analysis for SLNH
Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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