# Cipher Digital Inc. (CIFR) fundamentals

Data as of 2026-09-08. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $17.74, market value $7.4 billion.

## Valuation
- **P/E (trailing): n/a** (negative earnings). Cipher Digital Inc. reported negative earnings over the last twelve months, so the P/E is not meaningful; use price-to-sales, EV/EBITDA and free-cash-flow yield instead.
- **Price / sales: 38.5×**. Each dollar of revenue is priced at 38.5×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 13.1×**. The shares trade at 13.1× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -22.4%** (5-yr avg -20.4%). Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.

## Profitability
- **Operating margin: -278.1%**. Operating margin is negative: the business loses money before interest and tax.
- **Net margin: -367.2%**. The company reported a net loss over the last twelve months.
- **Return on equity: -102.1%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: -14.3%**. Return on all capital, debt included, is -14.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -26.1%**. Each dollar of assets produces -26.1% of profit; low single digits are normal for banks and insurers.

## Growth
- **Revenue growth (1 yr): 48.0%** (3-yr 319.3%/yr). Revenue grew 48.0% over the last year.
- **EPS growth (1 yr): -1435.7%**. Earnings per share fell 1435.7%, slower than revenue, so margins compressed.

## Financial health
- **Piotroski F-score: 1/9**. 1 of 9 checks pass: weak or deteriorating financials.
- **Cash and short-term investments: $628 million**. Leverage ratios are shown differently for banks and insurers, whose balance sheets are built on deposits and reserves; use return on equity and the regulatory capital in the filings instead.

## Dividends
- **Dividend: none**. Cipher Digital Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: strong_buy** (17 analysts). 17 analysts cover Cipher Digital Inc.; the consensus is strong_buy, with an average price target of $32.18 (+81% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 139.7%** (YTD 20.2%, 3-mo -21.0%). The shares are up 139.7% over twelve months including dividends.
- **From 52-week high: -41.1%** (124.6% above the low). Trading 41% below its 52-week high, deep in a drawdown.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 51**. An RSI of 51 is neutral.
- **Beta (1 yr): 4.00** (volatility 117%). Beta of 4.00 against the S&P 500: the shares move much more than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=CIFR · Page: https://foliofundamentals.com/stocks/cifr

Not investment advice.