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DeFi Technologies Inc. (DEFI) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of DeFi Technologies Inc. C$1.24, price C$0.76, upside +63.3%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · CA · ISIN CA92027E1051

DT DeFi Technologies Inc. logo Thin data Sep 24, 2026

DeFi Technologies Inc.

DEFI · NEO

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value C$1.24 · Strongly undervalued (+63%)
!Quality 37/100
!Mixed Growth (revenue YoY +8.6 %/yr)
✓Highly profitable · 56.1% net margin (TTM)
!negative free cash flow
!Mixed vs. peers (6/11)
!Moderate moat 64/100
!Evidence only low, so the estimate is less certain
!The models disagree: range C$0.9265 to C$3.73
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$5.95 C$0.0800 Fair Value C$1.24 Apr 2021 Sep 2026

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 C$0.0800 – C$5.95 · fair‑value band C$0.9265 – C$3.73 · the C$0.7600 price screens below the C$1.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

DeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. It provides asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments.

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DeFi Technologies Inc., a technology company, develops exchange traded products that synthetically track the value of a single DeFi protocol or a basket of protocols in Canada. It provides asset management services, such as indirect exposure to underlying digital assets, digital asset indexes, or other decentralized finance instruments. The company is also involved in early-stage investments in companies, banks, and foundations in the digital asset space; operation of specialized trading desk that focuses on opportunistic trading and arbitrage across the digital asset ecosystem; private research that produces research reports on digital assets; and provision of OTC desk and digital asset liquidity. The company was formerly known as Valour Inc. and changed its name to DeFi Technologies Inc. in July 2023. DeFi Technologies Inc. was incorporated in 1986 and is headquartered in Toronto, Canada.

Stock analysis

DeFi Technologies Inc. (DEFI) currently trades at C$0.7600, while our model-based Fair Value estimate is C$1.24, implying the stock looks roughly 38.8% undervalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of C$5.63 per share, and 5 of the 7 models we run sit above the C$0.7600 price.

Bear case: the Asset-Based group reads lowest at C$0.2600, and 2 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: C$0.9265 (bear) to C$3.73 (bull), the price of C$0.7600 sits below 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 37/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

DeFi Technologies Inc. reported revenue of $75.8M in FY2025 versus $15.1M in FY2021, a compound +49.8%/yr. Reported net income was $62.4M in FY2025.

Key figures

Market cap C$328M (≈ $232M) · P/E ratio 6.9 · P/S ratio 5.69 · EPS (TTM) C$0.1100 · Net margin 82.3% · Return on equity 35.3% · Return on assets (EBIT) −4.0% · Operating margin 10.0%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (medium confidence).

What moves the price

The share trades about 79% below its 52-week high and 27% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −17% fair-value upside, at 63%, DEFI screens cheaper than that median.

Fair Value models

Bear C$0.9265 Fair Value C$1.24 Bull C$3.73
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 (C$0.0808 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. 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.
Highest evidence
Owner Earnings C$2.18 C$4.05 C$7.31 68
P/E Multiple C$1.57 C$2.09 C$2.62 63
Graham-Dodd C$1.09 C$7.63 C$10.71 61
All 7 models by family
DCF Models
Owner Earnings C$2.18 C$4.05 C$7.31 68
Earnings-Based
Graham-Dodd C$1.09 C$7.63 C$10.71 61
Lynch FV C$3.94 C$5.63 C$7.32 59
Multiples
P/E Multiple C$1.57 C$2.09 C$2.62 63
P/B Multiple C$0.4000 C$0.5400 C$0.6700 55
Asset-Based
NCAV (Graham) C$0.1900 C$0.2600 C$0.3900 51
Economic Profit
Residual Income C$0.9500 C$1.41 C$13.04 56

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Quality Score breakdown

Overall quality 37/100

Of which business quality 33 · Market factors (momentum, volatility) 3

Profitability 53
Margins and returns on capital today
Quality Growth 76
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 37
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

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. 43/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
+52.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+52.8%
Dividend (yield on the price)0.0%
Profit margin 2021 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.−302% → 90%

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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.Capital Markets · 460 stocks

Beats the industry median on 6/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 35 · Bottom 25%
Fair Value upside +63% · Above median
Profitability
Return on equity (TTM) 35% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 56% · Top 25%
Operating margin (TTM) 10% · Below median
Growth and dividend
Revenue growth −74% · Bottom 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/E (TTM) 6.9× · Cheapest 25%
P/B 1.55× · Pricier than median
P/S (TTM) 3.48× · Pricier than median
EV/EBITDA 7.2× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 27
FUTURE (revenue growth)0 · sector 92
PAST (return on equity)100 · sector 30
HEALTH (low debt)0 · sector 95
DIVIDEND (yield)0 · sector 41

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Morgan Stanley, a financial holding company, MS $196.32 $314.07 +60%
The Goldman Sachs Group GS $923.29 $766.86 −17%
The Charles Schwab Corporation SCHW $99.49 $118.07 +19%
Interactive Brokers Group IBKR $89.82 $23.27 −74%
Robinhood Markets, Inc HOOD $122.70 $47.73 −61%
Macquarie Group MQG A$242.55 A$80.51 −67%
CITIC Securities Company 600030 ¥26.79 ¥18.35 −32%
Guotai Haitong Securities Co 601211 ¥17.67 ¥19.29 +9%
East Money Information Co 300059 ¥18.77 ¥4.94 −74%
CSC Financial Co 601066 ¥23.67 ¥39.83 +68%

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DeFi Technologies Inc. · Fair Value
C$1.24 +39%Fair Value
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Cite: Fair Value Calculator (2026). "DeFi Technologies Inc. Fair Value". https://www.fairvalue-calculator.com/stock/DEFI

Frequently asked questions

Is DeFi Technologies Inc. (DEFI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of C$1.24 versus a price of C$0.7600, about +63% upside (undervalued).
What is the fair value of DEFI?
Our model-based fair value for DeFi Technologies Inc. is C$1.24 (as of Sep 24, 2026), built from audited fundamentals. The current price: C$0.7600.
What is the quality score of DEFI?
DeFi Technologies Inc. has a Quality Score of 37/100. 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 DeFi Technologies Inc. (DEFI)?
Our model-based price target is the fair value of C$1.24 (as of Sep 24, 2026) from 7 valuation models. Cautious scenario C$0.9265, optimistic scenario C$3.73. It is a calculation from audited fundamentals, not an analyst target.
What is the DeFi Technologies Inc. stock forecast for 2026?
Our models put fair value at C$1.24, about +63% upside versus a price of C$0.7600 (undervalued). Cautious scenario C$0.9265, optimistic scenario C$3.73. The calculation is refreshed regularly with new filings.
What is the revenue of DeFi Technologies Inc. (DEFI)?
DeFi Technologies Inc. reported trailing-twelve-month revenue of about C$66.5M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of DeFi Technologies Inc. (DEFI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For DeFi Technologies Inc. it is C$1.24 per share (as of Sep 24, 2026), against a price of C$0.7600. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is DeFi Technologies Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DEFI trades below its calculated fair value: price C$0.7600, fair value C$1.24, a gap of about +63% (undervalued). 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 DEFI?
No. The price is what the market pays today (C$0.7600); the fair value is what the company's own numbers justify (C$1.24). For DeFi Technologies Inc. the two are C$0.4810 per share apart. That gap is exactly why we show both numbers side by side.
How much is DeFi Technologies Inc. worth?
The market values DeFi Technologies Inc. at about C$328M (market capitalisation, as of Sep 24, 2026). Per share that is C$0.7600; our models calculate a fair value of C$1.24 per share.
What do the bullish and bearish scenarios say about DEFI?
Our models span a range for DeFi Technologies Inc.: cautious scenario C$0.9265, base C$1.24, optimistic C$3.73 per share (as of Sep 24, 2026, price C$0.7600). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DEFI?
DeFi Technologies Inc. trades at a price-to-earnings ratio of 6.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$1.24 is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 4.5 (reported for FY2025: 4.8). Other multiples: P/B 1.6, P/S 3.5, EV/EBITDA 7.2.
How solid is the balance sheet of DeFi Technologies Inc. (DEFI)?
Balance-sheet figures for DeFi Technologies Inc. (as of Sep 24, 2026): return on equity 35.3%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is DEFI from its 52-week high?
DeFi Technologies Inc. trades at C$0.7600, about 79% below its 52-week high of C$3.68 and 27% above the low of C$0.6000 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of C$1.24 is for.
Which stocks are comparable to DeFi Technologies Inc.?
From the same area (Financial Services) we also value Morgan Stanley, a financial holding company,, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 DeFi Technologies Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price C$0.7600, calculated fair value C$1.24 (+63%), Quality Score 37/100, from 7 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 DEFI calculated?
We run DeFi Technologies Inc. through 7 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 C$1.24, 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 14.0 % above its aggregate fair value. DeFi Technologies Inc. currently trades 63 % below its own fair value, and the market average says nothing about that. 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 DeFi Technologies Inc. (DEFI)?
The closing price on Sep 24, 2026 was C$0.7600. Our model-based fair value is C$1.24, about +63% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with DeFi Technologies Inc. right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (C$0.9265). The market is more pessimistic than our downside scenario. The model range is unusually wide (C$0.9265 to C$3.73). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 DeFi Technologies Inc.

How large is the market capitalisation of DeFi Technologies Inc. (DEFI)?
The market capitalisation of DeFi Technologies Inc. is C$328M (≈ $232M). 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 DeFi Technologies Inc. (DEFI)?
The price-to-sales ratio of DeFi Technologies Inc. is 5.69 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of DeFi Technologies Inc. (DEFI)?
Earnings per share at DeFi Technologies Inc. are C$0.1100 (price ÷ EPS = P/E 6.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of DeFi Technologies Inc. (DEFI)?
The net margin of DeFi Technologies Inc. is 82.3% (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 DeFi Technologies Inc. (DEFI)?
The return on equity (ROE) of DeFi Technologies Inc. is 35.3% (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 DeFi Technologies Inc. (DEFI)?
On an EBIT basis the return on assets of DeFi Technologies Inc. is −4.0% (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 DeFi Technologies Inc. (DEFI)?
The operating margin of DeFi Technologies Inc. is 10.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at DeFi Technologies Inc. (DEFI)?
Revenue at DeFi Technologies Inc. is growing −74.4% versus a year earlier (3y avg +255%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at DeFi Technologies Inc. (DEFI)?
Earnings per share at DeFi Technologies Inc. are growing −89.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does DeFi Technologies Inc. (DEFI) generate?
The free cash flow of DeFi Technologies Inc. is −C$133M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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