Question 1

What is Hut 8's P/S ratio?

Accepted Answer

Hut 8 (HUT) P/S ratio is 12.8× as of February 24, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

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

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Hut 8 specifically, the relevant sector benchmark is the current sector median of 2.3×.

Question 5

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

Accepted Answer

Hut 8's P/S ratio of 12.8× is above its own 5-year average of 8.9× and above the sector median of 2.3×. That places the current reading at the 74th 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/S ratio range?

Accepted Answer

In the available daily series, Hut 8 (HUT) P/S ratio has ranged from a low of 0.8× in 2020 to a high of 34.9× in 2021. The 5-year average is 8.9× and the 5-year median is 6.9×.

Question 7

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

Accepted Answer

Hut 8 (HUT) P/S ratio at the end of 2024 was 4.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	-$90.2M	—	—	Dec 31, 2025
2024	$1.87B	$399M	4.7×	—	Dec 31, 2024
2022	$176M	$76.6M	2.3×	-15.3×	Dec 31, 2022
2021	$1.33B	$75.4M	17.6×	+8.7×	Dec 31, 2021
2020	$271M	$30.4M	8.9×	+7.8×	Dec 31, 2020
2019	$70.5M	$61.8M	1.1×	-1.2×	Dec 31, 2019
2018	$89.1M	$38.1M	2.3×	—	Dec 31, 2018
2017	$205K	$0.00	—	—	Dec 31, 2017
2016	$205K	$0.00	—	—	Dec 31, 2016
2015	$205K	$0.00	—	—	Dec 31, 2015
2014	$205K	$0.00	—	—	Dec 31, 2014
2013	$205K	$0.00	—	—	Dec 31, 2013


Citigroup (C)	1.5×
W. R. Berkley (WRB)	1.5×
American International Group (AIG)	1.5×
Capital One Financial (COF)	1.5×
Travelers Companies (TRV)	1.4×
Federal Agricultural Mortgage (AGM)	1.4×
Franklin Resources (BEN)	1.4×
Brookfield (BN)	1.3×
American Financial Group (AFG)	1.3×
Hartford Insurance Group (HIG)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
AXIS Capital Holdings (AXS)	1.1×
Old Republic International (ORI)	1.0×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Everest Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×
Atlantic Union Bankshares (AUB)	0.0×

P/S Ratio for Hut 8 (HUT) 2018-2026

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

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

About P/S Ratio at Hut 8 (HUT)

Hut 8 P/S Ratio by Year

Hut 8 P/S Ratio 2024: 4.7×

Hut 8 P/S Ratio 2022: 2.3×

Hut 8 P/S Ratio 2021: 17.6×

Hut 8 P/S Ratio 2020: 8.9×

Hut 8 P/S Ratio 2019: 1.1×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Hut 8 (HUT) Key Financials