Bit Origin Ltd BTOG NASDAQ

NASDAQ Capital Marke • Financial Services • Financial - Data & Stock Exchanges • SG • USD

SharesGrow Score

35/100

0/5 Pass

SharesGrow Intrinsic Value

N/A

Negative cash flow

SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Bit Origin Ltd (BTOG) has a negative trailing P/E of -0.2, meaning the company is currently unprofitable on a trailing twelve-month (TTM) basis. Trailing earnings yield is -409.50%.

Criteria proven by this page:

VALUE (0/100, Fail) — negative P/E indicates the company is currently operating at a loss — DCF and P/E-based valuation models cannot produce meaningful results for unprofitable companies (P/E -0.2); trailing earnings yield is below the 10-year Treasury yield (~4.3%), meaning bonds offer a better return (EY -409.50%).
Trailing Earnings Yield -409.50% — negative yield confirms the company is currently unprofitable. Investors are paying for a turnaround rather than current earnings.

Overall SharesGrow Score: 33/100 with 0/7 criteria passed.

SharesGrow 7-Criteria Score

35/100

SG Score

View full scorecard →

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VALUE

N/A

No coverage

—

FUTURE

N/A

No coverage

✗

PAST

25/100

→ Income

HEALTH

67/100

Debt-to-Equity & liquidity

→ Health

✗

MOAT

15/100

→ Income

GROWTH

58/100

→ Income

✗

INCOME

10/100

→ Income

Valuation Snapshot — BTOG

Valuation Multiples

P/E (TTM)-0.2

Forward P/EN/A

PEG RatioN/A

Forward PEGN/A

P/B Ratio0.58

P/S Ratio87.50

EV/EBITDA-1.6

Per Share Data

EPS (TTM)$-9.50

Book Value / Share$3.22

Revenue / Share$0.04

FCF / Share$-2.33

Yields & Fair Value

Earnings Yield-409.50%

Dividend Yield0.00%

Historical Valuation

Year	P/E (TTM)	PEG Ratio	P/B Ratio	P/S Ratio	Dividend Yield
2016	54.5	0.00	15.80	3.44	-
2017	48.5	3.81	11.74	1.88	-
2018	31.6	0.59	7.51	1.18	-
2019	27.3	1.73	4.85	1.20	-
2020	-7.2	0.04	1.48	1.45	-
2021	-1.1	0.02	-16.17	0.65	-
2022	8.1	-0.08	0.76	136.74	-
2023	-0.2	0.00	0.65	1.07	-
2024	-0.6	0.01	6.53	3.76	-
2025	-0.6	0.01	0.94	92.43	-

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year	EPS (Diluted)	Revenue	Net Income	Net Margin
2016	$2.75	$34.63M	$2.18M	6.3%
2017	$3.10	$63.28M	$2.46M	3.9%
2018	$4.75	$101.1M	$3.77M	3.7%
2019	$5.50	$102.55M	$4.36M	4.3%
2020	$-3.48	$110.55M	$-2.6M	-2.4%
2021	$-42.55	$80.5M	$-45.61M	-56.7%
2022	$1.61	$192.35K	$3.24M	1683.9%
2023	$-8.50	$6.26M	$-28.22M	-450.7%
2024	$-3.34	$2.89M	$-17.53M	-607.1%
2025	$-16.80	$39.5K	$-6.53M	-16543.8%