Is Bitcoin Depot, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Bitcoin Depot, Inc. moved from fair to very attractive. The company appears undervalued, particularly given its current price of 2.63 compared to its 52-week high of 6.88. Key valuation ratios include an EV to EBITDA of 5.52, an EV to Sales ratio of 0.53, and a Price to Book Value of -17.55, indicating significant potential upside despite the current losses.
In comparison to peers, Bitcoin Depot's EV to EBITDA of 5.52 is notably lower than A-Mark Precious Metals, Inc. at 16.2462, which is classified as very expensive. Additionally, B. Riley Financial, Inc. has a risky valuation with a negative P/E ratio, while Siebert Financial Corp. is rated fair with a P/E of 10.6779. Despite Bitcoin Depot's recent struggles, with a 1-month return of -32.74 compared to the S&P 500's 0.96, its year-to-date return of 62.35% significantly outperforms the S&P 500's 13.30%, reinforcing its attractive valuation.