HIVE Digital TechnologiesHIVE -10.27%64 WACC % is 27.62% as of Jun. 25, 2026, which is 5% above its 10-year median of 26.42. GuruFocus rates HIVE with a GF Score™ of 64/100 and a GF Value™ of $3.72 (Fairly Valued). The stock has 1 warning sign investors should review. Among 828 Capital Markets companies, HIVE Digital Technologies ranks worse than 94.08% on this metric.
As of today (2026-06-25), HIVE Digital Technologies's weighted average cost of capital is 27.62%%. HIVE Digital Technologies's ROIC % is -16.78% (calculated using TTM income statement data).
HIVE Digital Technologies earns returns that do not match up to its cost of capital. It will destroy value as it grows.
For a comprehensive WACC calculation, please access the WACC Calculator.
HIVE Digital Technologies (NAS:HIVE) WACC % Explanation
Because it costs money to raise capital. A firm that generates higher ROIC % than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, HIVE Digital Technologies's weighted average cost of capital is 27.62%%. HIVE Digital Technologies's ROIC % is -16.78% (calculated using TTM income statement data).
HIVE Digital Technologies earns returns that do not match up to its cost of capital. It will destroy value as it grows.
Be Aware
1. GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together.
For companies that report quarterly, GuruFocus combines all of the most recent year's quarterly debt data from the beginning of the year to the year-end and calculates the average.
For companies that report semi-annually, GuruFocus combines all of the most recent year's semi-annual debt data from the start of the year to the year-end and calculates the average.
For companies that report annually, GuruFocus combines the beginning and ending annual debt data from the most recent year and then calculates the average.
2. The WACC formula discussed above does not include Preferred Stock. Please adjust if preferred stock is considered.
3. (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
4. GuruFocus uses the latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
* 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, HIVE Digital Technologies's WACC %, along with its competitors' market caps and WACC % 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.
HIVE Digital Technologies WACC % vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, HIVE Digital Technologies's WACC % distribution charts can be found below:
* The bar in red indicates where HIVE Digital Technologies's WACC % falls into.
The weighted average cost of capital (WACC) is the rate that a company is expected to pay on average to all its security holders to finance its assets. The WACC is commonly referred to as the firm's cost of capital. Generally speaking, a company's assets are financed by debt and equity. WACC is the average of the costs of these sources of financing, each of which is weighted by its respective use in the given situation. By taking a weighted average, we can see how much interest the company has to pay for every dollar it finances.
WACC
=
E
/
(E + D)
*
Cost of Equity
+
D
/
(E + D)
*
Cost of Debt
*
(1 - Tax Rate)
1. Weights:
Generally speaking, a company's assets are financed by debt and equity. We need to calculate the weight of equity and the weight of debt.
The market value of equity (E) is also called "Market Cap". As of today, HIVE Digital Technologies's market capitalization (E) is $994.642 Mil.
The market value of debt is typically difficult to calculate, therefore, GuruFocus uses book value of debt (D) to do the calculation. It is simplified by adding the latest one-year quarterly average Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation together. As of Mar. 2026, HIVE Digital Technologies's latest one-year quarterly average Book Value of Debt (D) is $41.5362 Mil.
a) weight of equity = E / (E + D) = 994.642 / (994.642 + 41.5362) = 0.9599
b) weight of debt = D / (E + D) = 41.5362 / (994.642 + 41.5362) = 0.0401
2. Cost of Equity:
GuruFocus uses Capital Asset Pricing Model (CAPM) to calculate the required rate of return. The formula is:
Cost of Equity = Risk-Free Rate of Return + Beta of Asset * (Expected Return of the Market - Risk-Free Rate of Return)
a) GuruFocus uses 10-Year Treasury Constant Maturity Rate as the risk-free rate. It is updated daily. The current risk-free rate is 4.392%. Please go to Economic Indicators page for more information. Please note that we use the 10-Year Treasury Constant Maturity Rate of the country/region where the company is headquartered. If the data for that country/region is not available, then we will use the 10-Year Treasury Constant Maturity Rate of the United States as default.
b) Beta is the sensitivity of the expected excess asset returns to the expected excess market returns. HIVE Digital Technologies's beta is 4.0409.
c) (Expected Return of the Market - Risk-Free Rate of Return) is also called market premium. GuruFocus requires market premium to be 6%.
Cost of Equity = 4.392% + 4.0409 * 6% = 28.6374%
3. Cost of Debt:
GuruFocus uses latest TTM Interest Expense divided by the latest one-year quarterly average debt to get the simplified cost of debt.
As of Mar. 2026, HIVE Digital Technologies's interest expense (positive number) was $1.326 Mil. Its total Book Value of Debt (D) is $41.5362 Mil.
Cost of Debt = 1.326 / 41.5362 = 3.1924%.
4. Multiply by one minus TTM Tax Rate:
GuruFocus uses the most recent TTM Tax Expense divided by the most recent TTM Pre-Tax Income to calculate the tax rate. The calculated TTM tax rate is limited to between 0% and 100%. If the calculated tax rate is higher than 100%, it is set to 100%. If the calculated tax rate is less than 0%, it is set to 0%.
The latest calculated TTM Tax Rate = 3.867 / -144.581 = -2.67%, which is less than 0%. Therefore it's set to 0%.
* 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.
HIVE Digital Technologies (HIVE) has a WACC % of 27.62% as of Jun. 25, 2026. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on HIVE Digital Technologies and its competitors. This is near median its historical median of 26.42. Over the past decade, HIVE Digital Technologies' WACC % has ranged from 10.01 to 64.24. According to the industry distribution chart, HIVE Digital Technologies ranks #779 out of 828 companies in the Capital Markets industry, placing it in the top 94.1%.
Is HIVE Digital Technologies' WACC % too high?
HIVE Digital Technologies' current WACC % of 27.62% is near median its 10-year median of 26.42. Over the past 10 years, this metric has ranged from a low of 10.01 to a high of 64.24. The Capital Markets industry median WACC % is 9.22. HIVE Digital Technologies' value of 27.62% is 199.6% above this industry median. Based on the distribution chart, HIVE Digital Technologies ranks #779 out of 828 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, HIVE Digital Technologies has a GF Score™ of 64/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does HIVE Digital Technologies' WACC % compare to MS and GS?
According to the Capital Markets industry distribution chart, HIVE Digital Technologies ranks #779 out of 828 companies for WACC %. This places HIVE Digital Technologies in the lower half of its industry. The industry median WACC % is 9.22. HIVE Digital Technologies' value of 27.62% is 199.6% above this benchmark. Historically, HIVE Digital Technologies' own WACC % has ranged from 10.01 to 64.24 over the past decade. While the company's 10-year median is 26.42 vs. the industry median of 9.22, HIVE Digital Technologies has consistently been above 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 WACC % for a Capital Markets company?
The median WACC % among Capital Markets companies is 9.22, based on 828 companies in the industry. Companies in the top quartile (top 25%) have a WACC % significantly above this median, while those in the bottom quartile fall well below. However, WACC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HIVE Digital Technologies's current WACC % of 27.62% is 199.6% above 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 WACC % mean?
A high WACC % can signal that a stock is expensive relative to its fundamentals. The weighted average cost of capital (WACC) is the average rate a company pays to finance assets. View historical data on HIVE Digital Technologies and its competitors. For the Capital Markets industry, the median WACC % is 9.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HIVE Digital Technologies's current WACC % is 27.62%, which is near median its own 10-year median of 26.42. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HIVE Digital Technologies stock overvalued right now?
Based on GuruFocus' analysis, HIVE Digital Technologies (HIVE) is currently considered Fairly Valued. The stock's GF Value™ is $3.72, compared to a current price of $3.72 — trading 0.1% below its estimated fair value. The current WACC % is 27.62%, which is near median its 10-year median of 26.42 and 199.6% above the Capital Markets industry median of 9.22. HIVE Digital Technologies' overall GF Score™ is 64/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is WACC % calculated?
WACC % is calculated from a company's financial statements. For HIVE Digital Technologies (HIVE), the current WACC % is 27.62% as of Jun. 25, 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 HIVE Digital Technologies (HIVE) Overvalued in 2026?
Based on GuruFocus' analysis, HIVE Digital Technologies stock appears to be undervalued.
The current stock price of $3.72 is trading 0.1% below its estimated GF Value™ of $3.72.
GuruFocus considers HIVE Digital Technologies to be Fairly Valued.
Key valuation signals for HIVE:
WACC %: 27.62% (near median its 10-year median of 26.42)
GF Value™: $3.72 vs. price of $3.72 (0.1% below fair value)
Industry Position: 199.6% above the Capital Markets median (#779 of 828)
No single metric tells the full story. See the HIVE stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
HIVE Digital Technologies Ltd is a sustainable-energy-focused digital infrastructure company that provides infrastructure solutions through the operation of Tier-1 and Tier-3 data centers. Its computing power is used for high-performance computing (HPC) and for generating hashrate sold to mining pools for cryptocurrency mining. The Company uses cash flow from its hashrate services business to support the expansion of its AI and HPC operations through its subsidiary. The Company focuses on Canada, Sweden, and Paraguay, where low-cost renewable power supports its operations and expansion. It operates in one segment with two revenue streams: the mining and sale of digital currencies and high-performance computing hosting. The majority of its revenue is generated from Bermuda.
64GF Score
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