BMNR (BitMine Immersion Technologies) ROCE %: -145.55% (As of Feb. 2026)

What is BitMine Immersion Technologies ROCE %?

BitMine Immersion Technologies BMNR +1.80% 56 ROCE % is -145.55% as of Feb. 2026. GuruFocus rates BMNR with a GF Score™ of 56/100 and a GF Value™ of $19.75 (Significantly Undervalued). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. BitMine Immersion Technologies's annualized ROCE % for the quarter that ended in Feb. 2026 was -145.55%.

BitMine Immersion Technologies (NYSE:BMNR) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

BitMine Immersion Technologies ROCE % Related Terms

BitMine Immersion Technologies ROCE % Historical Data

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The historical data trend for BitMine Immersion Technologies's ROCE % 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.

BitMine Immersion Technologies ROCE % Chart

BitMine Immersion Technologies Annual Data

Trend

Aug22

Aug23

Aug24

Aug25

ROCE %

-22.39

-33.10

-56.03

10.04

BitMine Immersion Technologies Quarterly Data
	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24	May24	Aug24	Nov24	Feb25	May25	Aug25	Nov25	Feb26
ROCE %	Get a 7-Day Free Trial												-107.98	-75.58	40.39	-210.42	-145.55

56GF Score

BitMine Immersion Technologies Inc BMNR

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BitMine Immersion Technologies ROCE % Calculation

BitMine Immersion Technologies's annualized ROCE % for the fiscal year that ended in Aug. 2025 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Aug. 2025 )		(A: Aug. 2024 )		(A: Aug. 2025 )
	=	441.117	/	( ( (7.282 - 3.131)	+	(8795.053 - 9.961) )	/ 2 )
	=	441.117	/	( (4.151	+	8785.092)	/ 2 )
	=	441.117	/	4394.6215
	=	10.04 %

BitMine Immersion Technologies's ROCE % of for the quarter that ended in Feb. 2026 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Feb. 2026 )		(Q: Nov. 2025 )		(Q: Feb. 2026 )
	=	-15448.356	/	( ( (11487.275 - 137.128)	+	(9894.256 - 16.349) )	/ 2 )
	=	-15448.356	/	( ( 11350.147	+	9877.907 )	/ 2 )
	=	-15448.356	/	10614.027
	=	-145.55 %

(1) Note: The EBIT data used here is four times the quarterly (Feb. 2026) EBIT data.

Frequently Asked Questions Learn more about ROCE % →

What does a ROCE % of -145.55% mean?

BitMine Immersion Technologies (BMNR) has a ROCE % of -145.55% as of Feb. 2026.

Is BitMine Immersion Technologies' ROCE % too high?

BitMine Immersion Technologies' current ROCE % is -145.55%. Overall, BitMine Immersion Technologies has a GF Score™ of 56/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.

How does BitMine Immersion Technologies' ROCE % compare to JEF and SF?

BitMine Immersion Technologies' ROCE % of -145.55% can be compared against companies in the Capital Markets industry. The industry median ROCE % is 5.58. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROCE % for a Capital Markets company?

The median ROCE % among Capital Markets companies is 5.58, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % 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 ROCE % mean?

A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Capital Markets industry, the median ROCE % is 5.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BitMine Immersion Technologies's current ROCE % is -145.55%. 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 (BMNR) is currently considered Significantly Undervalued. The stock's GF Value™ is $19.75, compared to a current price of $13.56 — trading 31.3% below its estimated fair value. The current ROCE % is -145.55%. BitMine Immersion Technologies' overall GF Score™ is 56/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROCE % calculated?

ROCE % is calculated from a company's financial statements. For BitMine Immersion Technologies (BMNR), the current ROCE % is -145.55% as of Feb. 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 (BMNR) Overvalued in 2026?

Based on GuruFocus' analysis, BitMine Immersion Technologies stock appears to be undervalued. The current stock price of $13.56 is trading 31.3% below its estimated GF Value™ of $19.75. GuruFocus considers BitMine Immersion Technologies to be Significantly Undervalued.

Key valuation signals for BMNR:

ROCE %: -145.55%
GF Value™: $19.75 vs. price of $13.56 (31.3% below fair value)
GF Score™: 56/100 with 2 warning signs

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

BitMine Immersion Technologies Business Description

Industry Financial Services Capital Markets

Comparable Companies JEF SF RIOT HLI WULF SNEX EVR XP HUT FIGR MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 IBKR SHSE:601211

Other Exchanges BMNR:Mexico Y6G0:Germany

Address 10845 Griffith Peak, Drive 2, Las Vegas, NV, USA, 89135

Website https://www.bitminetech.io

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.

56GF Score

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ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$13.56

Price

$19.75

GF Value

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