BLSH (Bullish) ROE % Adjusted to Book Value: -38.70% (As of Mar. 2026)


BLSH Bullish BLSH
15 GF Score
Price $21.88
! 3 Warning Signs
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What is Bullish ROE % Adjusted to Book Value?

Bullish BLSH -6.77% 15 ROE % Adjusted to Book Value is -38.70% as of Mar. 2026. GuruFocus rates BLSH with a GF Score™ of 15/100. The stock has 3 warning signs investors should review.

Bullish's ROE % for the quarter that ended in Mar. 2026 was -79.34%. Bullish's PB Ratio for the quarter that ended in Mar. 2026 was 2.05. Bullish's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was -38.70%.

Bullish ROE % Adjusted to Book Value Related Terms

Bullish ROE % Adjusted to Book Value Historical Data

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The historical data trend for Bullish's ROE % Adjusted to Book Value 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.

Bullish ROE % Adjusted to Book Value Chart

Bullish Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE % Adjusted to Book Value
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 -15.33

Bullish Quarterly Data
Dec20 Jun21 Dec21 Jun22 Dec22 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 0.00 0.00 0.93 -34.44 -38.70

BLSH vs GTLB, WEX, S: ROE % Adjusted to Book Value Comparison

For the Software - Infrastructure subindustry, Bullish's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

Bullish ROE % Adjusted to Book Value vs Software Industry

For the Software industry and Technology sector, Bullish's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Bullish's ROE % Adjusted to Book Value falls into.


BLSH
15GF Score
Bullish BLSH
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Bullish ROE % Adjusted to Book Value Calculation

Bullish's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-27.28% / 1.78
=-15.33%

Bullish's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-79.34% / 2.05
=-38.70%

* 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.

What does a ROE % Adjusted to Book Value of -38.70% mean?
Bullish (BLSH) has a ROE % Adjusted to Book Value of -38.70% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bullish and its competitors.
Is Bullish's ROE % Adjusted to Book Value too high?
Bullish's current ROE % Adjusted to Book Value is -38.70%. Overall, Bullish has a GF Score™ of 15/100, reflecting its overall financial health beyond just this single metric.
How does Bullish's ROE % Adjusted to Book Value compare to GTLB and WEX?
Bullish's ROE % Adjusted to Book Value of -38.70% can be compared against companies in the Software industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Software company?
A good ROE % Adjusted to Book Value depends on the Software industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Bullish and its competitors. Bullish's current ROE % Adjusted to Book Value is -38.70%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bullish stock overvalued right now?
Bullish (BLSH) has a current ROE % Adjusted to Book Value of -38.70%. The current ROE % Adjusted to Book Value is -38.70%. Bullish's overall GF Score™ is 15/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Bullish (BLSH), the current ROE % Adjusted to Book Value is -38.70% as of Mar. 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.

Bullish Business Description

Address 60 Nexus Way, Camana Bay, 10A Building A, George Town, Grand Cayman, CYM, KY1-9005
Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference.
15GF Score

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

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