MARA PE Ratio & Valuation,Is MARA Overvalued

MARA Relative Valuation

MARA'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, MARA is overvalued; if below, it's undervalued.

Historical Valuation

MARA Holdings Inc (MARA) is now in the Fair zone, suggesting that its current forward PS ratio of 3.96 is considered Fairly compared with the five-year average of 146.82. The fair price of MARA Holdings Inc (MARA) is between 6.13 to 42.34 according to relative valuation methord.

Relative Value

Fair Zone

6.13-42.34

Current Price：11.52

Fair

-45.17

14.68

EV/EBITDA

MARA Holdings Inc. (MARA) has a current EV/EBITDA of 14.68. The 5-year average EV/EBITDA is 15.99. The thresholds are as follows: Strongly Undervalued below -14.15, Undervalued between -14.15 and 0.92, Fairly Valued between 31.07 and 0.92, Overvalued between 31.07 and 46.14, and Strongly Overvalued above 46.14. The current Forward EV/EBITDA of 14.68 falls within the Historic Trend Line -Fairly Valued range.

99.95

EV/EBIT

MARA Holdings Inc. (MARA) has a current EV/EBIT of 99.95. The 5-year average EV/EBIT is 27.29. The thresholds are as follows: Strongly Undervalued below -179.78, Undervalued between -179.78 and -76.24, Fairly Valued between 130.82 and -76.24, Overvalued between 130.82 and 234.36, and Strongly Overvalued above 234.36. The current Forward EV/EBIT of 99.95 falls within the Historic Trend Line -Fairly Valued range.

3.96

MARA Holdings Inc. (MARA) has a current PS of 3.96. The 5-year average PS is 8.60. The thresholds are as follows: Strongly Undervalued below -6.96, Undervalued between -6.96 and 0.82, Fairly Valued between 16.38 and 0.82, Overvalued between 16.38 and 24.16, and Strongly Overvalued above 24.16. The current Forward PS of 3.96 falls within the Historic Trend Line -Fairly Valued range.

-6.15

P/OCF

MARA Holdings Inc. (MARA) has a current P/OCF of -6.15. The 5-year average P/OCF is 1.32. The thresholds are as follows: Strongly Undervalued below -47.93, Undervalued between -47.93 and -23.31, Fairly Valued between 25.95 and -23.31, Overvalued between 25.95 and 50.57, and Strongly Overvalued above 50.57. The current Forward P/OCF of -6.15 falls within the Historic Trend Line -Fairly Valued range.

-4.52

P/FCF

MARA Holdings Inc. (MARA) has a current P/FCF of -4.52. The 5-year average P/FCF is -22.12. The thresholds are as follows: Strongly Undervalued below -483.38, Undervalued between -483.38 and -252.75, Fairly Valued between 208.52 and -252.75, Overvalued between 208.52 and 439.15, and Strongly Overvalued above 439.15. The current Forward P/FCF of -4.52 falls within the Historic Trend Line -Fairly Valued range.

MARA Holdings Inc (MARA) has a current Price-to-Book (P/B) ratio of 0.85. Compared to its 3-year average P/B ratio of 2.26 , the current P/B ratio is approximately -62.45% higher. Relative to its 5-year average P/B ratio of 3.20, the current P/B ratio is about -73.56% higher. MARA Holdings Inc (MARA) has a Forward Free Cash Flow (FCF) yield of approximately -40.59%. Compared to its 3-year average FCF yield of -32.16%, the current FCF yield is approximately 26.24% lower. Relative to its 5-year average FCF yield of -34.48% , the current FCF yield is about 17.73% lower.

0.85

P/B

Median3y

2.26

Median5y

3.20

-40.59

FCF Yield

Median3y

-32.16

Median5y

-34.48

Competitors Valuation Multiple

The average P/S ratio for MARA's competitors is 6.31, providing a benchmark for relative valuation. MARA Holdings Inc Corp (MARA) exhibits a P/S ratio of 3.96, which is -37.24% above the industry average. Given its robust revenue growth of 91.73%, this premium appears sustainable.

P/S

P/E

EV/EBITDA

EV/EBIT

Revenue Growth

Market Cap

Performance Decomposition

Market capitalization of MARA decreased by 31.31% over the past 1 year. The primary factor behind the change was an increase in Revenue Growth from 131.65M to 252.41M.

The secondary factor is the P/E Change, contributed 28.42%to the performance.

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

91.73%

131.65M → 252.41M

Revenue Growth

-151.46%

-94.79 → 48.78

Margin Expansion

28.42%

4.23 → 5.43

P/E Change

-31.31%

16.77 → 11.52

Mkt Cap Growth

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Frequently Asked Questions

Is MARA Holdings Inc (MARA) currently overvalued or undervalued?

What is MARA Holdings Inc (MARA) fair value?

MARA'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. The fair price of MARA Holdings Inc (MARA) is between 6.13 to 42.34 according to relative valuation methord.

How does MARA's valuation metrics compare to the industry average?

What is the current P/B ratio for MARA Holdings Inc (MARA) as of Dec 15 2025?

As of Dec 15 2025, MARA Holdings Inc (MARA) has a P/B ratio of 0.85. This indicates that the market values MARA at 0.85 times its book value.

What is the current FCF Yield for MARA Holdings Inc (MARA) as of Dec 15 2025?

As of Dec 15 2025, MARA Holdings Inc (MARA) has a FCF Yield of -40.59%. This means that for every dollar of MARA Holdings Inc’s market capitalization, the company generates -40.59 cents in free cash flow.

What is the current Forward P/E ratio for MARA Holdings Inc (MARA) as of Dec 15 2025?

As of Dec 15 2025, MARA Holdings Inc (MARA) has a Forward P/E ratio of -45.17. This means the market is willing to pay $-45.17 for every dollar of MARA Holdings Inc’s expected earnings over the next 12 months.

What is the current Forward P/S ratio for MARA Holdings Inc (MARA) as of Dec 15 2025?

As of Dec 15 2025, MARA Holdings Inc (MARA) has a Forward P/S ratio of 3.96. This means the market is valuing MARA at $3.96 for every dollar of expected revenue over the next 12 months.

MARA Valuation