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Bit OriginBTOG +4.72%24 Return-on-Tangible-Equity is -1,237.54% as of Dec. 2025. GuruFocus rates BTOG with a GF Score™ of 24/100 and a GF Value™ of $0.10 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 782 Capital Markets companies, Bit Origin ranks worse than 99.36% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Bit Origin's annualized net income for the quarter that ended in Dec. 2025 was $-17.34 Mil. Bit Origin's average shareholder tangible equity for the quarter that ended in Dec. 2025 was $1.40 Mil. Therefore, Bit Origin's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2025 was -1,237.54%.
The historical rank and industry rank for Bit Origin's Return-on-Tangible-Equity or its related term are showing as below:
BTOG'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -1841.5 Med: -22.85 Max: 32.51
Current: -1841.5
During the past 10 years, Bit Origin's highest Return-on-Tangible-Equity was 32.51%. The lowest was -1,841.50%. And the median was -22.85%.
BTOG's Return-on-Tangible-Equity is ranked worse than 99.36% of 782
companies
in the Capital Markets industry
Industry Median: 6.52
vs BTOG: -1841.50
Bit Origin (NAS:BTOG) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Bit Origin Return-on-Tangible-Equity Related Terms
Bit Origin Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Bit Origin's Return-on-Tangible-Equity 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.
BTOG vs MWAI, PWCM, IPST: Return-on-Tangible-Equity Comparison
For the Financial Data & Stock Exchanges subindustry, Bit Origin's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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.
Bit Origin Return-on-Tangible-Equity vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bit Origin's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Bit Origin's Return-on-Tangible-Equity falls into.
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is two times the semi-annual (Dec. 2025) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of -1,237.54% mean?
Bit Origin (BTOG) has a Return-on-Tangible-Equity of -1,237.54% as of Dec. 2025. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bit Origin and its competitors. According to the industry distribution chart, Bit Origin ranks #777 out of 782 companies in the Capital Markets industry, placing it in the top 99.4%.
Is Bit Origin's Return-on-Tangible-Equity too high?
Bit Origin's current Return-on-Tangible-Equity is -1,237.54%. Based on the distribution chart, Bit Origin ranks #777 out of 782 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Bit Origin has a GF Score™ of 24/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bit Origin's Return-on-Tangible-Equity compare to MWAI and PWCM?
According to the Capital Markets industry distribution chart, Bit Origin ranks #777 out of 782 companies for Return-on-Tangible-Equity. This places Bit Origin in the lower half of its industry. The industry median Return-on-Tangible-Equity is 6.52. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for a Capital Markets company?
The median Return-on-Tangible-Equity among Capital Markets companies is 6.52, based on 782 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Bit Origin and its competitors. For the Capital Markets industry, the median Return-on-Tangible-Equity is 6.52 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bit Origin's current Return-on-Tangible-Equity is -1,237.54%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bit Origin stock overvalued right now?
Based on GuruFocus' analysis, Bit Origin (BTOG) is currently considered Significantly Overvalued. The stock's GF Value™ is $0.10, compared to a current price of $0.82 — trading 720% above its estimated fair value. The current Return-on-Tangible-Equity is -1,237.54%. Bit Origin's overall GF Score™ is 24/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Bit Origin (BTOG), the current Return-on-Tangible-Equity is -1,237.54% as of Dec. 2025. 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 Bit Origin (BTOG) Overvalued in 2026?
Based on GuruFocus' analysis, Bit Origin stock appears to be overvalued.
The current stock price of $0.82 is trading 720% above its estimated GF Value™ of $0.10.
GuruFocus considers Bit Origin to be Significantly Overvalued.
Key valuation signals for BTOG:
Return-on-Tangible-Equity: -1,237.54%
GF Value™: $0.10 vs. price of $0.82 (720% above fair value)
No single metric tells the full story. See the BTOG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions. It derives all of its revenue from Bitcoin mining.
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