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The historical rank and industry rank for BitMine Immersion Technologies's PB Ratio or its related term are showing as below:
MEX:BMNR'
s PB Ratio Range Over the Past 10 Years
Min: 0.68 Med: 5.31 Max: 96.29
Current: 0.83
During the past 6 years, BitMine Immersion Technologies's highest PB Ratio was 96.29. The lowest was 0.68. And the median was 5.31.
MEX:BMNR's PB Ratio is ranked better than 69.7% of 779
companies
in the Capital Markets industry
Industry Median: 1.33
vs MEX:BMNR: 0.83
During the past 12 months, BitMine Immersion Technologies's average Book Value Per Share Growth Rate was 1327.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 129.90% per year.
During the past 6 years, the highest 3-Year average Book Value Per Share Growth Rate of BitMine Immersion Technologies was 129.90% per year. The lowest was 109.10% per year. And the median was 119.50% per year.
Back to Basics: PB Ratio
BitMine Immersion Technologies (MEX:BMNR) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
BitMine Immersion Technologies PB Ratio Related Terms
BitMine Immersion Technologies PB Ratio Historical Data
* 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.
For the Capital Markets subindustry, BitMine Immersion Technologies's PB Ratio, along with its competitors' market caps and PB Ratio 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.
BitMine Immersion Technologies PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, BitMine Immersion Technologies's PB Ratio distribution charts can be found below:
* The bar in red indicates where BitMine Immersion Technologies's PB Ratio falls into.
BitMine Immersion Technologies PB Ratio Calculation
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
BitMine Immersion Technologies (MEX:BMNR) has a PB Ratio of 0.83 as of Jul. 21, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BitMine Immersion Technologies and its competitors. This is 84% below median its historical median of 5.31. Over the past decade, BitMine Immersion Technologies' PB Ratio has ranged from 0.68 to 96.29. According to the industry distribution chart, BitMine Immersion Technologies ranks #236 out of 779 companies in the Capital Markets industry, placing it in the top 30.3%.
Is BitMine Immersion Technologies' PB Ratio too high?
BitMine Immersion Technologies' current PB Ratio of 0.83 is 84% below median its 10-year median of 5.31. Over the past 10 years, this metric has ranged from a low of 0.68 to a high of 96.29. The Capital Markets industry median PB Ratio is 1.33. BitMine Immersion Technologies' value of 0.83 is 37.6% below this industry median. Based on the distribution chart, BitMine Immersion Technologies ranks #236 out of 779 companies in the Capital Markets industry, which is above the industry midpoint. Overall, BitMine Immersion Technologies has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BitMine Immersion Technologies' PB Ratio compare to XP and FIGR?
According to the Capital Markets industry distribution chart, BitMine Immersion Technologies ranks #236 out of 779 companies for PB Ratio. This puts BitMine Immersion Technologies in the upper half of its industry. The industry median PB Ratio is 1.33. BitMine Immersion Technologies' value of 0.83 is 37.6% below this benchmark. Historically, BitMine Immersion Technologies' own PB Ratio has ranged from 0.68 to 96.29 over the past decade. While the company's 10-year median is 5.31 vs. the industry median of 1.33, BitMine Immersion Technologies has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.33, based on 779 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BitMine Immersion Technologies's current PB Ratio of 0.83 is 37.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on BitMine Immersion Technologies and its competitors. For the Capital Markets industry, the median PB Ratio is 1.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BitMine Immersion Technologies's current PB Ratio is 0.83, which is 84% below median its own 10-year median of 5.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BitMine Immersion Technologies stock overvalued right now?
Based on GuruFocus' analysis, BitMine Immersion Technologies (MEX:BMNR) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN34.58, compared to a current price of MXN287.50 — trading 731.4% above its estimated fair value. The current PB Ratio is 0.83, which is 84% below median its 10-year median of 5.31 and 37.6% below the Capital Markets industry median of 1.33. BitMine Immersion Technologies' overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For BitMine Immersion Technologies (MEX:BMNR), the current PB Ratio is 0.83 as of Jul. 21, 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 BitMine Immersion Technologies (MEX:BMNR) Overvalued in 2026?
Based on GuruFocus' analysis, BitMine Immersion Technologies stock appears to be overvalued.
The current stock price of MXN287.50 is trading 731.4% above its estimated GF Value™ of MXN34.58.
GuruFocus considers BitMine Immersion Technologies to be Significantly Overvalued.
Key valuation signals for MEX:BMNR:
PB Ratio: 0.83 (84% below median its 10-year median of 5.31)
GF Value™: MXN34.58 vs. price of MXN287.50 (731.4% above fair value)
Industry Position: 37.6% below the Capital Markets median (#236 of 779)
No single metric tells the full story. See the MEX:BMNR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
BitMine Immersion Technologies Business Description
BitMine Immersion Technologies Inc is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by its Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, Synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in Trinidad; Pecos, Texas; and Silverton, Texas.
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