Bitfarms (TSX:BITF) Price-to-Tangible-Book : 2.41 (As of Apr. 25, 2024)

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What is Bitfarms Price-to-Tangible-Book?

As of today (2024-04-25), Bitfarms's share price is C$2.82. Bitfarms's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was C$1.17. Hence, Bitfarms's Price to Tangible Book Ratio of today is 2.41.

The historical rank and industry rank for Bitfarms's Price-to-Tangible-Book or its related term are showing as below:

TSX:BITF' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.36 Med: 2.85 Max: 11.52
Current: 2.41

During the past 7 years, Bitfarms's highest Price to Tangible Book Ratio was 11.52. The lowest was 0.36. And the median was 2.85.

TSX:BITF's Price-to-Tangible-Book is ranked worse than
66.85% of 721 companies
in the Capital Markets industry
Industry Median: 1.34 vs TSX:BITF: 2.41

A closely related ratio is called PB Ratio. As of today, Bitfarms's share price is C$2.82. Bitfarms's Book Value per Sharefor the quarter that ended in Dec. 2023 was C$1.18. Hence, Bitfarms's P/B Ratio of today is 2.38.

Bitfarms Price-to-Tangible-Book Historical Data

The historical data trend for Bitfarms's Price-to-Tangible-Book 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.

* Premium members only.

Bitfarms Price-to-Tangible-Book Chart

Bitfarms Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

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1.16

11.52

2.85

0.36

3.29

Bitfarms Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial															0.36	0.83	1.33	1.06	3.29

Competitive Comparison of Bitfarms's Price-to-Tangible-Book

For the Capital Markets subindustry, Bitfarms's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.

Bitfarms's Price-to-Tangible-Book Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bitfarms's Price-to-Tangible-Book distribution charts can be found below:

* The bar in red indicates where Bitfarms's Price-to-Tangible-Book falls into.

Bitfarms Price-to-Tangible-Book Calculation

Bitfarms's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	2.82	/	1.169
	=	2.41

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Bitfarms Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Bitfarms's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Bitfarms (TSX:BITF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bitfarms Ltd (TSX:BITF) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

BITF:USA 1B2:Germany 1B2:Germany

Address

18 King Street East, Suite 902, Toronto, ON, CAN, M5C 1C4

Website

https://www.bitfarms.com

Bitfarms Ltd is a publicly traded Bitcoin company. It develops, owns, and operates vertically integrated mining farms with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The company's proprietary data analytics system delivers best-in-class operational performance and uptime. The group has around 10 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina. It is Powered by predominantly environmentally friendly hydroelectric and long-term power contracts, Bitfarms is committed to using sustainable, locally based, and often underutilized energy infrastructure.

Executives