Valuation dashboard for Bullish (BLSH) with P/E N/A, P/B 1.53, EV/EBITDA -3.5 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.
Bullish, a global digital asset platform that provides market infrastructure and information services in United States. The company operates Bullish Exchange, a digital assets spot and derivatives exchange that integrates a central limit order book matching engine with automated market making to provide deep and predictable liquidity.
Analysis Summary
Trailing-twelve-month margins: gross margin 0.0%, operating margin -0.0%, net margin -0.9%.
At $22.96 (closing price, November 3, 2026), BLSH has negative trailing earnings (P/E not meaningful) and an ROE of -45.26%. Market capitalisation stands at $3.5B.
Balance sheet quality for BLSH: debt-to-equity ratio of 0.21, current ratio of 23.52 over the last 12 months. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.
Valuation Ratios
| Price / Book | 1.53 |
| EV / EBITDA | -3.5 |
| Dividend Yield | 0.00% |
Peer Comparison
| Symbol | Company | Market Cap | P/E | P/B | ROE |
|---|---|---|---|---|---|
| BLSH | Bullish | $3.5B | 1.53 | -45.3% | |
| DOX | Amdocs Limited | $6.7B | 14.86 | 1.98 | 13.5% |
| DBX | Dropbox, Inc. | $7.6B | 19.42 | -23.5% | |
| TTAN | ServiceTitan, Inc. | $8.0B | 5.05 | -8.3% | |
| WIX | Wix.com Ltd. | $3.1B | 28.1% | ||
| VRNS | Varonis Systems, Inc. | $5.6B | 12.98 | -30.4% | |
| PATH | UiPath Inc. | $6.8B | 19.60 | 3.60 | 18.4% |
| KVYO | Klaviyo, Inc. | $6.4B | 1,010.90 | 6.05 | 0.6% |
Price
| Price | $22.96 (closing price, November 3, 2026) |
| Market Cap | $3.5B |
| Exchange | NYSE |
| Country | KY |
Profitability
| Return on Equity | -45.26% |
| Return on Invested Capital | -0.18% |
| Return on Assets | -44.57% |
| Gross Margin | 0.04% |
| Operating Margin | -0.00% |
| Net Margin | -0.87% |
Related companies: DOX · DBX · TTAN · WIX · VRNS · PATH · KVYO · ESTC
Explore sector: Technology · Software - Application
More sections of BLSH: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events
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