Cypherpunk Technologies Inc. (CYPH) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of Cypherpunk Technologies Inc. $1.03, price $3.17, upside -67.5%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 5, 2026.
How to read this chart
60‑month range $0.2440 – $40.10 · fair‑value band $0.7735 – $1.28 · the $3.17 price screens above the $1.03 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 5, 2026.
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Cypherpunk Technologies Inc., a privacy technology company, implements a digital asset strategy anchored by Zcash in the United States. The company is involved in identifying, developing, investing in, acquiring, and building privacy-enhancing technologies; and accumulating digital assets, such as ZCash.
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Cypherpunk Technologies Inc., a privacy technology company, implements a digital asset strategy anchored by Zcash in the United States. The company is involved in identifying, developing, investing in, acquiring, and building privacy-enhancing technologies; and accumulating digital assets, such as ZCash. It also develops biomarker-targeted antibody therapies for patients with cancer and other diseases comprising DKN-01, a monoclonal antibody that inhibits Dickkopf-related protein 1, which has completed Phase 2 study for the treatment of colorectal cancer; and FL-501, a monoclonal antibody inhibiting the GDF-15 protein, which is in preclinical development to treat cancer cachexia, hyperemesis gravidarum and pregnancy-related nausea and vomiting, and other diseases associated with aging and frailty. The company was formerly known as Leap Therapeutics, Inc. and changed its name to Cypherpunk Technologies Inc. in November 2025. Cypherpunk Technologies Inc. was incorporated in 2011 and is based in Cambridge, Massachusetts.
Stock analysis
Cypherpunk Technologies Inc. (CYPH) currently trades at $3.17, while our model-based Fair Value estimate is $1.03, 67.5% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: $0.7735 (bear) to $1.28 (bull), the price of $3.17 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 30/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Cypherpunk Technologies Inc. reported revenue of $0 in FY2025 versus $1.5M in FY2021. Reported net income was $4.8M in FY2025.
Key figures
Market cap $559M · P/E ratio 5.0 · EPS (TTM) $0.6400 · Return on equity −1.2% · Return on assets (EBIT) −83.5% · Free cash flow −$43.9M · Net cash $14.0M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 677% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −15% fair-value upside, at −68%, CYPH screens richer than that median.
Fair Value models
Bear $0.7735Fair Value $1.03Bull $1.28
Price $3.17 · Upside -67.5%
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($0.4892 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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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.Asset Management · 665 stocks
Beats the industry median on 1/7 measures
Overall it trails its industry peers.
Valuation
Quality Score30 · Bottom 25%
Fair Value upside−66.1% · Bottom 25%
Profitability
Return on assets−13.8% · Bottom 25%
Operating margin (TTM)0.0% · Bottom 25%
Growth and dividend
Revenue growth0.0% · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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). "Cypherpunk Technologies Inc. Fair Value". https://www.fairvalue-calculator.com/stock/CYPH
Frequently asked questions
Is Cypherpunk Technologies Inc. (CYPH) overvalued or undervalued?
As of Oct 5, 2026, our model estimates a fair value of $1.03 versus a price of $3.17, about −68% upside (overvalued).
What is the fair value of CYPH?
Our model-based fair value for Cypherpunk Technologies Inc. is $1.03 (as of Oct 5, 2026), built from audited fundamentals. The current price: $3.17.
What is the quality score of CYPH?
Cypherpunk Technologies Inc. has a Quality Score of 30/100. 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 Cypherpunk Technologies Inc. (CYPH)?
Our model-based price target is the fair value of $1.03 (as of Oct 5, 2026) from 2 valuation models. Cautious scenario $0.7735, optimistic scenario $1.28. It is a calculation from audited fundamentals, not an analyst target.
What is the Cypherpunk Technologies Inc. stock forecast for 2026?
Our models put fair value at $1.03, about −68% upside versus a price of $3.17 (overvalued). Cautious scenario $0.7735, optimistic scenario $1.28. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Cypherpunk Technologies Inc. (CYPH)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cypherpunk Technologies Inc. it is $1.03 per share (as of Oct 5, 2026), against a price of $3.17. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Cypherpunk Technologies Inc. stock overvalued or undervalued in 2026?
As of Oct 5, 2026, CYPH trades above its calculated fair value: price $3.17, fair value $1.03, a gap of about −68% (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 CYPH?
No. The price is what the market pays today ($3.17); the fair value is what the company's own numbers justify ($1.03). For Cypherpunk Technologies Inc. the two are $2.14 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cypherpunk Technologies Inc. worth?
The market values Cypherpunk Technologies Inc. at about $559M (market capitalisation, as of Oct 5, 2026). Per share that is $3.17; our models calculate a fair value of $1.03 per share.
What do the bullish and bearish scenarios say about CYPH?
Our models span a range for Cypherpunk Technologies Inc.: cautious scenario $0.7735, base $1.03, optimistic $1.28 per share (as of Oct 5, 2026, price $3.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CYPH?
Cypherpunk Technologies Inc. trades at a price-to-earnings ratio of 5.0 (as of Oct 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $1.03 is built from several models across several years. Other multiples: P/B 3.5.
How solid is the balance sheet of Cypherpunk Technologies Inc. (CYPH)?
Balance-sheet figures for Cypherpunk Technologies Inc. (as of Oct 5, 2026): return on equity −1.2%. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is CYPH from its 52-week high?
Cypherpunk Technologies Inc. trades at $3.17, about 23% below its 52-week high of $4.12 and 677% above the low of $0.4080 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of $1.03 is for.
Which stocks are comparable to Cypherpunk Technologies Inc.?
From the same area (Financial Services) we also value Blackstone Inc, KKR & Co, Brookfield Corporation, Apollo Global Management, 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 Cypherpunk Technologies Inc. stock attractive at the current price?
The data as of Oct 5, 2026: price $3.17, calculated fair value $1.03 (−68%), Quality Score 30/100, from 2 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 CYPH calculated?
We run Cypherpunk Technologies Inc. through 2 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 $1.03, 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 15.0 % above its aggregate fair value. Cypherpunk Technologies Inc. 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 Cypherpunk Technologies Inc. (CYPH)?
The closing price on Oct 5, 2026 was $3.17. Our model-based fair value is $1.03, about −68% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cypherpunk Technologies Inc. right now?
The price sits above even our optimistic bull case ($1.28). The favourable scenario is already priced in. Weak quality (30/100) 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. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Cypherpunk Technologies Inc.
How large is the market capitalisation of Cypherpunk Technologies Inc. (CYPH)?
The market capitalisation of Cypherpunk Technologies Inc. is $559M. 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 are the earnings per share of Cypherpunk Technologies Inc. (CYPH)?
Earnings per share at Cypherpunk Technologies Inc. are $0.6400 (price ÷ EPS = P/E 5.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Cypherpunk Technologies Inc. (CYPH)?
The return on equity (ROE) of Cypherpunk Technologies Inc. is −1.2% (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 Cypherpunk Technologies Inc. (CYPH)?
On an EBIT basis the return on assets of Cypherpunk Technologies Inc. is −83.5% (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.
How much free cash flow does Cypherpunk Technologies Inc. (CYPH) generate?
The free cash flow of Cypherpunk Technologies Inc. is −$43.9M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Cypherpunk Technologies Inc. (CYPH) hold?
Cypherpunk Technologies Inc. holds more cash than debt, $14.0M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 5, 2026