# Cipher Digital Inc. (CIFR) fundamentals

Data as of 2026-11-04. NASDAQ, United States. Sector: Financial Services / Capital Markets. Price $8.12, market value $3.7 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: 25.4×**. Each dollar of revenue is priced at 25.4×, a level that requires very high margins or very fast growth to justify.
- **Price / book: 5.6×**. The shares trade at 5.6× book value; most of the value is in earnings power and intangibles rather than the balance sheet.
- **Free-cash-flow yield: -83.1%** (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: -387.2%**. 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: -15.3%**. Return on all capital, debt included, is -15.3%: close to or below the cost of capital, so growth may not create value.
- **Return on assets: -25.3%**. Each dollar of assets produces -25.3% 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: 2/9**. 2 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** (22 analysts). 22 analysts cover Cipher Digital Inc.; the consensus is strong_buy, with an average price target of $28.55 (+252% 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): -63.2%** (YTD -53.5%, 3-mo -71.6%). The shares are down 63.2% over twelve months including dividends.
- **From 52-week high: -73.1%** (22.7% above the low). Trading 73% 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): 24**. An RSI of 24 is oversold; bounces are common, but oversold can stay oversold in a real decline.
- **Beta (1 yr): 4.33** (volatility 112%). Beta of 4.33 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.