Bitfarms Ltd. P/B ratio

P/B ratio of BITF for past 10 years: annual, quarterly and twelve month trailing (TTM) including P/B ratio growth rates and interactive chart. Measures the relationship between price and book value per share. Book value is the equity or owner's capital that is invested in a business. If a stock has a price of $10 and a book value per share of $10, the ratio is 1. Stock selling below a P/B of 1 can be a bargain, as the market price has declined below the net asset value of the business. It is more applicable to financial companies like banks and insurers, as their assets and liabilities are valued at market and the book value thus more accuraterly represents reality.

Highlights and Quick Summary

Current P/B ratio of Bitfarms Ltd. is 10.44 (as of December 30, 2020)
  • P/B ratio for the quarter ending June 29, 2021 was 2.98 (a -32.68% decrease compared to previous quarter)
  • Year-over-year quarterly P/B ratio increased by 184.02%
  • Annual P/B ratio for 2020 was 10.44 (a 1045.49% increase from previous year)
  • Annual P/B ratio for 2019 was 0.91 (a -63.54% decrease from previous year)
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Historical P/B ratio of Bitfarms Ltd.

Most recent P/B ratioof BITF including historical data for past 10 years.

Interactive Chart of P/B ratio of Bitfarms Ltd.

Bitfarms Ltd. P/B ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2021 2.98 4.43
2020 10.44 1.05 1.0 0.94 10.44
2019 0.91 2.28 2.5 2.5 0.91
2018 2.5

Business Profile of Bitfarms Ltd.

Sector: Financial Services
Industry: Capital Markets
Bitfarms Ltd., a blockchain infrastructure company, mines for cryptocurrency coins and tokens in North America. The company owns and operates server farms comprising computers that primarily validates transactions on the Bitcoin Blockchain and earning cryptocurrency from block rewards and transaction fees. It also provides electrician services to commercial and residential customers in Quebec, Canada. It also provides hosting of third-party mining hardware. The company was founded in 2017 and is headquartered in Toronto, Canada.