Question 1

What is Hut 8's P/E ratio?

Accepted Answer

Hut 8 (HUT) P/E ratio is 35.0× as of February 24, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Hut 8?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Hut 8 specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is Hut 8's P/E ratio high or low?

Accepted Answer

Hut 8's P/E ratio of 35.0× is above its own 5-year average of 27.5× and above the sector median of 13.1×. That places the current reading at the 79th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Hut 8's historical P/E ratio range?

Accepted Answer

In the available daily series, Hut 8 (HUT) P/E ratio has ranged from a low of 3.2× in 2024 to a high of 107.9× in 2022. The 5-year average is 27.5× and the 5-year median is 14.7×.

Question 7

What was Hut 8's P/E ratio in 2024?

Accepted Answer

Hut 8 (HUT) P/E ratio at the end of 2024 was 5.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Hut 8's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.84B	-$226M	—	—	Dec 31, 2025
2024	$1.87B	$332M	5.6×	—	Dec 31, 2024
2022	$176M	-$82.9M	—	—	Dec 31, 2022
2021	$1.33B	$9.81M	135.7×	+117.3×	Dec 31, 2021
2020	$271M	$14.7M	18.4×	-58.3×	Dec 31, 2020
2019	$70.5M	$919K	76.7×	—	Dec 31, 2019
2018	$89.1M	-$104M	—	—	Dec 31, 2018
2017	$205K	-$110K	—	—	Dec 31, 2017
2016	$205K	-$51.8K	—	—	Dec 31, 2016
2015	$205K	-$88.6K	—	—	Dec 31, 2015
2014	$205K	-$111K	—	—	Dec 31, 2014
2013	$205K	-$178K	—	—	Dec 31, 2013


Ameriprise Financial (AMP)	10.6×
Auburn National Bancorporation (AUBN)	10.5×
1st Source (SRCE)	10.5×
Truist Financial (TFC)	10.4×
Eagle Financial Services (EFSI)	10.0×
Prudential Financial (PRU)	9.8×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL-PD)	9.3×
Hartford Insurance Group (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Travelers Companies (TRV)	8.4×
PayPal (PYPL)	8.2×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Group (EG)	6.5×
Mercury General (MCY)	5.8×
Allstate (ALL)	4.4×
Atlantic Union Bankshares (AUB)	0.0×

P/E Ratio for Hut 8 (HUT) 2019-2026

P/E Ratio daily chart for Hut 8 (HUT)

Historical P/E Ratio for Hut 8 (HUT) from 2013 to 2025

About P/E Ratio at Hut 8 (HUT)

Hut 8 P/E Ratio by Year

Hut 8 P/E Ratio 2024: 5.6×

Hut 8 P/E Ratio 2021: 135.7×

Hut 8 P/E Ratio 2020: 18.4×

Hut 8 P/E Ratio 2019: 76.7×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Hut 8 (HUT) Key Financials