Bitcoin Group SE (XSWX:ADE) Price-to-Tangible-Book: (As of Aug. 10, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
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.

XSWX:ADE Bitcoin Group SE XSWX:ADE
49 GF Score
Price CHF22.88
GF Value CHF336.14
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Bitcoin Group SE Price-to-Tangible-Book?

As of today (2026-08-10), Bitcoin Group SE's share price is CHF22.88. Bitcoin Group SE's Tangible Book per Share of Dec. 2025 for the quarter that ended in Dec. 2025 was CHF-13.89. Hence, Bitcoin Group SE's Price to Tangible Book Ratio of today is .

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

During the past 13 years, Bitcoin Group SE's highest Price to Tangible Book Ratio was 26.39. The lowest was 26.39. And the median was 26.39.

XSWX:ADE's Price-to-Tangible-Book is not ranked *
in the Asset Management industry.
Industry Median: 0.96
* Ranked among companies with meaningful Price-to-Tangible-Book only.

A closely related ratio is called PB Ratio. As of today, Bitcoin Group SE's share price is CHF22.88. Bitcoin Group SE's Book Value per Sharefor the quarter that ended in Dec. 2025 was CHF42.04. Hence, Bitcoin Group SE's P/B Ratio of today is 0.54.

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.

Bitcoin Group SE Price-to-Tangible-Book Related Terms

Bitcoin Group SE Price-to-Tangible-Book Historical Data

* Premium members only.

The historical data trend for Bitcoin Group SE'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.

Bitcoin Group SE Price-to-Tangible-Book Chart

Bitcoin Group SE Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Price-to-Tangible-Book
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Bitcoin Group SE Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Price-to-Tangible-Book Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

XSWX:ADE vs BLK, BX, KKR: Price-to-Tangible-Book Comparison

For the Asset Management subindustry, Bitcoin Group SE'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.

Bitcoin Group SE Price-to-Tangible-Book vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Bitcoin Group SE's Price-to-Tangible-Book distribution charts can be found below:

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


XSWX:ADE
49GF Score
Bitcoin Group SE XSWX:ADE
Price-to-Tangible-Book is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bitcoin Group SE Price-to-Tangible-Book Calculation

Bitcoin Group SE's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book=Share Price/Tangible Book per Share (Q: Dec. 2025 )
=22.88/-13.894
=

* 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:

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.

Is Bitcoin Group SE (XSWX:ADE) Overvalued in 2026?

Based on GuruFocus' analysis, Bitcoin Group SE stock appears to be undervalued. The current stock price of CHF22.88 is trading 93.2% below its estimated GF Value™ of CHF336.14. GuruFocus considers Bitcoin Group SE to be Possible Value Trap.

Key valuation signals for XSWX:ADE:

  • Price-to-Tangible-Book:
  • GF Value™: CHF336.14 vs. price of CHF22.88 (93.2% below fair value)
  • GF Score™: 49/100 with 6 warning signs

No single metric tells the full story. See the XSWX:ADE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Bitcoin Group SE Business Description

Address Europe Square 2, Berlin, DEU, 10557
Bitcoin Group SE is a venture capital company. The Company focuses on the acquisition, sale and management of investments in companies, and the acquisition of strategic leadership, management and coordination of these companies.
49GF Score

Get the complete analysis for XSWX:ADE

Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF22.88
Price
CHF336.14
GF Value