Hut 8 Corp.

HUT Financial Capital Markets

Hut 8 Corp.’s revenue for fiscal 2025 (year ended December 2025) was $235.1 million, up 44.8% from fiscal 2024.

Revenue
−14.9%
EPS
+122.9%
Free cash flow
+173.8%
Total debt
+2,648.3%

Quarter to September 2026, against a year earlier

48.72 2.77 +6.03%
Market cap
$5.7B
P/E
0.0×
Fwd P/E
−11.6×
Dividend yield
—
F-score
n/a
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Hut 8 Corp. (HUT) P/B ratio

Alert me on P/B ratio

As of 5 November 2026, Hut 8 Corp. (HUT) trades at a P/B ratio of 3.0×. Over the past ten years it has ranged from 0.4× (December 2022) to 55.5× (February 2021); the current reading is higher than 72% of that period. That is above the Capital Markets industry median of 1.4× and above the Financial sector median of 1.3×.

P/B ratio, daily

Embed this chart

Annual newest first

Period P/B ratio Change
FY2025 2.9× 50.09%
FY2024 1.9× 235.77%
FY2022 0.6× (75.63%)
FY2021 2.3× (84.13%)
FY2020 14.7× 687.88%
FY2019 1.9× 0.00%
FY2018 1.9× —

Quarterly newest first

Period P/B ratio Change
Sep 2026 5.5× (29.68%)
Jun 2026 7.8× 152.98%
Mar 2026 3.1× 7.63%
Dec 2025 2.9× 28.89%
23 more quarters

Against its own ten years

Low 0.4× High 55.5×
Ten-year median 2.0×
Current reading's percentile 72

P/B ratio against peers

Company P/B ratio
GLXY Galaxy Digital Inc. compare 0.9×
SNEX StoneX Group Inc. compare 2.2×
MRX Marex Group PLC compare 2.5×
RIOT Riot Platforms, Inc. compare 2.5×
HUT Hut 8 Corp. 3.0×
FIGR Figure Technology Solutions, Inc. compare 3.4×
BGC BGC Group, Inc. compare 3.9×
MKTX MarketAxess Holdings Inc. compare 4.7×
WULF TeraWulf Inc. compare 33.3×
Capital Markets industry median 1.4×
Financial sector median 1.3×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

More on HUT