Bitdeer Technologies Group Class A (BTDR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Bitdeer Technologies Group Class A $4.77, price $12.31, upside -61.3%, quality 16 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range $2.93 – $26.10 · fair‑value band $3.57 – $5.96 · the $12.31 price screens above the $4.77 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally.
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Bitdeer Technologies Group operates as a technology company for blockchain and high-performance computing (HPC) in Singapore, the United States, Bhutan, Norway, Finland, Ethiopia, Canada, and internationally. The company offers hash rate sharing solutions, including cloud hash rate and hash-rate subscription plans; and a one-stop mining rig hosting solution comprising deployment, maintenance, and management services for cryptocurrency mining; as well as mining cryptocurrencies for its own account. It also operates mining datacenters to generate hash rates; handles various processes involved in computing, such as equipment procurement, transport logistics, datacenter design and construction, equipment management, and daily operations; and sells mining rigs. In addition, the company offers Minerplus, a software platform that offers software support to reduce time needed for daily maintenance and mining rig upgrade; AI infrastructure and AI cloud business to offer advanced AI cloud capabilities, HPC services and colocation services; and mining solutions under the SEALMINER brand. The company is headquartered in Singapore.
Stock analysis
Bitdeer Technologies Group Class A Ordinary Shares (BTDR) currently trades at $12.31, while our model-based Fair Value estimate is $4.77, implying the stock looks roughly 158.1% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $12.07 per share, and 1 of the 9 models we run sit above the $12.31 price.
Bear case: the Asset-Based group reads lowest at $2.92, and 8 of the 9 models stay below the price. Evidence for this calculation is low.
Scenario range: $3.57 (bear) to $5.96 (bull), the price of $12.31 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 16/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Bitdeer Technologies Group Class A Ordinary Shares reported revenue of $620M in FY2025 versus $395M in FY2021, a compound +12.0%/yr. Reported net income was $65.6M in FY2025, compounding −5.6%/yr from FY2021.
Key figures
Market cap $2.9B · P/S ratio 3.99 · EPS (TTM) $−1.50 · Net margin 10.6% · Return on equity −26.1% · Return on assets (EBIT) −1.9% · Operating margin −43.4% · Revenue (TTM) $739M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 69% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −13% fair-value upside, at −61%, BTDR screens richer than that median.
Fair Value models
Bear $3.57Fair Value $4.77Bull $5.96
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+77.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+23.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.2%
Start year 2020 (pandemic)
Revenue growth 6 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+38.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: adjusted.
−23.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−23.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−34% → −30%
Compare Bitdeer Technologies Group Class A Ordinary Shares with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 710 stocks
Beats the industry median on 3/10 measures
Overall it trails its industry peers.
Valuation
Quality Score16 · Bottom 25%
Fair Value upside−61% · Bottom 25%
Profitability
Return on assets6% · Top 25%
Net margin (TTM)−27% · Bottom 25%
Operating margin (TTM)−43% · Bottom 25%
Growth and dividend
Revenue growth169% · Top 25%
Balance sheet
Debt / equity0.29× · Above median
Valuation Multiplesvs Software - Application median · lower = cheaper
P/B3.32× · Pricier than median
P/S (TTM)3.90× · Pricier than median
EV/EBITDA6.4× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 26
FUTURE (revenue growth)100· sector 39
PAST (return on equity)0· sector 16
HEALTH (low debt)86· sector 97
DIVIDEND (yield)0· sector 33
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Bitdeer Technologies Group Class A Ordinary Shares Fair Value". https://www.fairvalue-calculator.com/stock/BTDR
Frequently asked questions
Is Bitdeer Technologies Group Class A (BTDR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $4.77 versus a price of $12.31, about −61% upside (overvalued).
What is the fair value of BTDR?
Our model-based fair value for Bitdeer Technologies Group Class A Ordinary Shares is $4.77 (as of Sep 24, 2026), built from audited fundamentals. The current price: $12.31.
What is the quality score of BTDR?
Bitdeer Technologies Group Class A Ordinary Shares has a Quality Score of 16/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Bitdeer Technologies Group Class A (BTDR)?
Our model-based price target is the fair value of $4.77 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario $3.57, optimistic scenario $5.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Bitdeer Technologies Group Class A Ordinary Shares stock forecast for 2026?
Our models put fair value at $4.77, about −61% upside versus a price of $12.31 (overvalued). Cautious scenario $3.57, optimistic scenario $5.96. The calculation is refreshed regularly with new filings.
What is the revenue of Bitdeer Technologies Group Class A (BTDR)?
Bitdeer Technologies Group Class A Ordinary Shares reported trailing-twelve-month revenue of about $739M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Bitdeer Technologies Group Class A (BTDR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bitdeer Technologies Group Class A Ordinary Shares it is $4.77 per share (as of Sep 24, 2026), against a price of $12.31. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Bitdeer Technologies Group Class A Ordinary Shares stock overvalued or undervalued in 2026?
As of Sep 24, 2026, BTDR trades above its calculated fair value: price $12.31, fair value $4.77, a gap of about −61% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of BTDR?
No. The price is what the market pays today ($12.31); the fair value is what the company's own numbers justify ($4.77). For Bitdeer Technologies Group Class A Ordinary Shares the two are $7.54 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bitdeer Technologies Group Class A Ordinary Shares worth?
The market values Bitdeer Technologies Group Class A Ordinary Shares at about $2.9B (market capitalisation, as of Sep 24, 2026). Per share that is $12.31; our models calculate a fair value of $4.77 per share.
What do the bullish and bearish scenarios say about BTDR?
Our models span a range for Bitdeer Technologies Group Class A Ordinary Shares: cautious scenario $3.57, base $4.77, optimistic $5.96 per share (as of Sep 24, 2026, price $12.31). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bitdeer Technologies Group Class A (BTDR)?
Balance-sheet figures for Bitdeer Technologies Group Class A Ordinary Shares (as of Sep 24, 2026): return on equity −26.1%, debt of 0.29 per unit of equity. They feed the Quality Score of 16/100, which measures business quality independently of the share price.
How far is BTDR from its 52-week high?
Bitdeer Technologies Group Class A Ordinary Shares trades at $12.31, about 52% below its 52-week high of $25.90 and 69% above the low of $7.28 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $4.77 is for.
Which stocks are comparable to Bitdeer Technologies Group Class A Ordinary Shares?
From the same area (Technology) we also value SAP SE, Shopify Inc, Uber Technologies, Inc, Salesforce, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Bitdeer Technologies Group Class A Ordinary Shares stock attractive at the current price?
The data as of Sep 24, 2026: price $12.31, calculated fair value $4.77 (−61%), Quality Score 16/100, from 9 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of BTDR calculated?
We run Bitdeer Technologies Group Class A Ordinary Shares through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $4.77, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Bitdeer Technologies Group Class A Ordinary Shares itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Bitdeer Technologies Group Class A (BTDR)?
The closing price on Sep 23, 2026 was $12.31. Our model-based fair value is $4.77, about −61% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bitdeer Technologies Group Class A Ordinary Shares right now?
The price sits above even our optimistic bull case ($5.96). The favourable scenario is already priced in. Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Bitdeer Technologies Group Class A Ordinary Shares
How large is the market capitalisation of Bitdeer Technologies Group Class A (BTDR)?
The market capitalisation of Bitdeer Technologies Group Class A Ordinary Shares is $2.9B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bitdeer Technologies Group Class A (BTDR)?
The price-to-sales ratio of Bitdeer Technologies Group Class A Ordinary Shares is 3.99 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bitdeer Technologies Group Class A (BTDR)?
Earnings per share at Bitdeer Technologies Group Class A Ordinary Shares are $−1.50. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bitdeer Technologies Group Class A (BTDR)?
The net margin of Bitdeer Technologies Group Class A Ordinary Shares is 10.6% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Bitdeer Technologies Group Class A (BTDR)?
The return on equity (ROE) of Bitdeer Technologies Group Class A Ordinary Shares is −26.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Bitdeer Technologies Group Class A (BTDR)?
On an EBIT basis the return on assets of Bitdeer Technologies Group Class A Ordinary Shares is −1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Bitdeer Technologies Group Class A (BTDR)?
The operating margin of Bitdeer Technologies Group Class A Ordinary Shares is −43.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bitdeer Technologies Group Class A (BTDR)?
Revenue at Bitdeer Technologies Group Class A Ordinary Shares is growing +169% versus a year earlier (3y avg +23.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Bitdeer Technologies Group Class A (BTDR) generate?
The free cash flow of Bitdeer Technologies Group Class A Ordinary Shares is −$2.0B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Bitdeer Technologies Group Class A (BTDR) carry?
The net debt of Bitdeer Technologies Group Class A Ordinary Shares is $1.0B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Sep 24, 2026