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, indicating a shift towards a more favorable assessment. The company appears undervalued, particularly when considering its valuation ratios; it has an EV to EBITDA of 5.52 and an EV to Sales ratio of 0.53, both suggesting that the stock may be trading at a discount relative to its earnings and sales potential. In comparison, its peer A-Mark Precious Metals, Inc. has a significantly higher P/E ratio of 605.28, while Siebert Financial Corp. shows a fair valuation with an EV to EBITDA of -6.83, highlighting Bitcoin Depot's relative attractiveness in the market.
Despite recent challenges, including a 32.74% decline over the past month compared to a modest 0.96% gain in the S&P 500, Bitcoin Depot has shown resilience with a year-to-date return of 62.35%, outperforming the S&P 500's 13.30% during the same period. This performance, combined with its attractive valuation metrics, supports the conclusion that the stock is currently undervalued.