CIFR Valuation

Cipher Mining Inc

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22.760

+4.11(22.038%)1D

CIFR Relative Valuation

CIFR's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, CIFR is overvalued; if below, it's undervalued.

Historical Valuation

Cipher Mining Inc (CIFR) is now in the Overvalued zone, suggesting that its current forward PS ratio of 18.65 is considered Overvalued compared with the five-year average of -22.34. The fair price of Cipher Mining Inc (CIFR) is between 9.94 to 16.59 according to relative valuation methord. Compared to the current price of 22.84 USD , Cipher Mining Inc is Overvalued By 37.61%.

Relative Value

Fair Zone

9.94-16.59

Current Price：22.84

37.61%

Overvalued

36.33

Trailing

Forward

36.48

EV/EBITDA

Cipher Mining Inc. (CIFR) has a current EV/EBITDA of 36.48. The 5-year average EV/EBITDA is 5.70. The thresholds are as follows: Strongly Undervalued below -8.87, Undervalued between -8.87 and -1.58, Fairly Valued between 12.99 and -1.58, Overvalued between 12.99 and 20.27, and Strongly Overvalued above 20.27. The current Forward EV/EBITDA of 36.48 falls within the Strongly Overvalued range.

-93.63

EV/EBIT

Cipher Mining Inc. (CIFR) has a current EV/EBIT of -93.63. The 5-year average EV/EBIT is 18.43. The thresholds are as follows: Strongly Undervalued below -294.14, Undervalued between -294.14 and -137.86, Fairly Valued between 174.71 and -137.86, Overvalued between 174.71 and 331.00, and Strongly Overvalued above 331.00. The current Forward EV/EBIT of -93.63 falls within the Historic Trend Line -Fairly Valued range.

18.65

Cipher Mining Inc. (CIFR) has a current PS of 18.65. The 5-year average PS is 20.27. The thresholds are as follows: Strongly Undervalued below -75.63, Undervalued between -75.63 and -27.68, Fairly Valued between 68.22 and -27.68, Overvalued between 68.22 and 116.17, and Strongly Overvalued above 116.17. The current Forward PS of 18.65 falls within the Historic Trend Line -Fairly Valued range.

34.15

P/OCF

Cipher Mining Inc. (CIFR) has a current P/OCF of 34.15. The 5-year average P/OCF is 1.88. The thresholds are as follows: Strongly Undervalued below -41.78, Undervalued between -41.78 and -19.95, Fairly Valued between 23.71 and -19.95, Overvalued between 23.71 and 45.54, and Strongly Overvalued above 45.54. The current Forward P/OCF of 34.15 falls within the Overvalued range.

-5.95

P/FCF

Cipher Mining Inc. (CIFR) has a current P/FCF of -5.95. The 5-year average P/FCF is -12.14. The thresholds are as follows: Strongly Undervalued below -144.72, Undervalued between -144.72 and -78.43, Fairly Valued between 54.15 and -78.43, Overvalued between 54.15 and 120.44, and Strongly Overvalued above 120.44. The current Forward P/FCF of -5.95 falls within the Historic Trend Line -Fairly Valued range.

Cipher Mining Inc (CIFR) has a current Price-to-Book (P/B) ratio of 9.63. Compared to its 3-year average P/B ratio of 2.37 , the current P/B ratio is approximately 305.99% higher. Relative to its 5-year average P/B ratio of 1.79, the current P/B ratio is about 439.23% higher. Cipher Mining Inc (CIFR) has a Forward Free Cash Flow (FCF) yield of approximately -8.29%. Compared to its 3-year average FCF yield of -31.28%, the current FCF yield is approximately -73.49% lower. Relative to its 5-year average FCF yield of -30.01% , the current FCF yield is about -72.37% lower.

9.63

P/B

Median3y

2.37

Median5y

1.79

-8.29

FCF Yield

Median3y

-31.28

Median5y

-30.01

Competitors Valuation Multiple

The average P/S ratio for CIFR's competitors is 23.28, providing a benchmark for relative valuation. Cipher Mining Inc Corp (CIFR) exhibits a P/S ratio of 18.65, which is -19.87% above the industry average. Given its robust revenue growth of 197.51%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

P/S

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of CIFR increased by 239.70% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 24.10M to 71.71M.

The secondary factor is the P/E Change, contributed 140.92%to the performance.

Overall, the performance of CIFR in the past 1 year is driven by Revenue Growth. Which is more sustainable.

197.51%

24.10M → 71.71M

Revenue Growth

-98.73%

-359.95 → -4.58

Margin Expansion

140.92%

-21.57 → -51.96

P/E Change

239.70%