* Note: Prices are in Million (M) USD.
Description:
CleanSpark, Inc. provides energy software and control technology solutions worldwide. The company is headquartered in Woods Cross, Utah.
These criteria used Company's Cash, EBITDA and Debt balance to determines its fair value:
Cash : $458 M
Debt : $1,789 M
EBITDA : $139 M
Net Debt (Debt - Cash): $1,331 M
Since EBITDA cannot cover net debt within 3 years, Avoid This Stock.
This criteria used industry in which company operates:
Sector: Real estate & construction
Industry: Blank checks
Based on industry, 3 points assigned.
This criteria used Company's Price To Earning (P/E) Ratio to determines its fair value:
Forward PE Ratio: 40.73
Since Forward PE Ratio is greater than 35, 0 point assigned.
This criteria used Company's ability to convert Sales into free cash flow to determine fair value:
Using last 18 overlapping fiscal years (max 20).Average Free Cash Flow: $-155 M
Average Revenue: $83 M
Revenue Converted To Free Cash Flow (%): -186.5%
Since Free Cash Flow (FCF) to Revenue percentage is non-positive, 0 point assigned.
This criteria used company's growth potential to calculate its fair value:
Latest Revenue (2025-09-30): $766 M
Revenue 5 Years Ago (2020-09-30): $10 M
Total Growth over 5 Years: 7,541.2%
5-Year Revenue CAGR (Historical): 138.0%
Forward 5-Year CAGR (Tapered): 69.0%
Since historical Revenue CAGR is greater than 20, 5 points assigned.
This criteria used Company's ability to buy back its own share:
Latest Share Count (2025-09-30): $318 M
Share Count 5 Years Ago (2021-09-30): $29 M
Company is not buying back its own shares, 0 points assigned.
This criteria used Company's dividend payout ratio to determine its fair value:
Next Year Earnings Per Share (EPS): $0.33
Trailing 12-Month Earnings Per Share (EPS): $0.33
Average Earnings Per Share (EPS): $0.33
Dividend Per Share (DPS): $0
Payout Ratio: 0%
Dividend Yield: 0.00%
Since Dividend Per Share is less than or equal to 0, 0 point assigned.
Since Dividend Yield is less than 1, 0 point assigned.
This criteria used Company's Return On Equity (ROE%) to determine its fair value:
Using last 12 valid ROE years (max 20).Average ROE: -95.4%
Since Average ROE is non-positive, 0 point assigned.
This criteria used Company's current price to its 52 week low price to determines its fair value:
Current Price: $13.44
52-Week Low: $7.82
Threshold Price (15% Above 52-Week Low): $8.99
Since Current price is not within 15% threshold, 0 point assigned.
This criteria used Company's Market Cap to determines its fair value:
Market Capitalization: $2,908 M
Since Market Cap is less than 10B, 1 point assigned.
% Exposure to Total Portfolio
Based on the market cap, we recommend do not exceed 2% exposure of Total Portfolio.
Warren Buffett's Owners' Earnings:
No positive free cash flow found (TTM or annual) to compute Owners' Earnings per share.
Note: Many fast-growing companies reinvest heavily, so Owners' Earnings may appear low.
Consider other factors in your valuation.
Value-Trade has assigned 9 points to above CleanSpark Inc (CLSK) stock.
Heads up: One or more P/E inputs look exaggerated and may skew the blend.
• Growth Based PE
50.00 (>2× median)
Further research is recommended; please use your own due diligence.In such cases, multiplying earnings by the long-run average P/E typically gives a closer, more reliable fair value.
Rule of thumb: Last 2 Years Avg P/E (11.44)
× EPS ($0.33) = $3.78.
Last 2 Years Avg PE
11.44, Fair Value PE
9, Industry Based PE
18, Growth Based PE
50, Risk-Free Anchored PE (25% MoS)
17.36. Based on these 5 values, average assigned is
21.16. Value-Trades has assined P/E value
11.45. An average (Current Year EPS + Next Year EPS) earning per share is
$0.33.
Note: Final fair value is the lesser of the blended PE-based fair value and the simple average PE × EPS fair value.Fair value using multiple P/Es (blended): $6.98 (PE 21.16 × EPS $0.33)
Fair value using simple average PE × EPS: $3.78 (PE 11.44 × EPS $0.33)
Lesser of these two: $3.78
So the Final Fair Value is: $3.78
Understanding the Value-Trades P/E Blend (click to expand)
▾
What goes into the blended P/E?
- 20-Year Avg P/E — Long-run market baseline; conservative anchor.
- Fair Value P/E — Score-based (cash, debt, sector, etc.).
- Industry P/E — Peer group norm.
- Growth-Based P/E — Uses tapered growth rates, floored at 15.
- RCFC-Based P/E — Maps cash conversion efficiency.
- ROE-Based P/E — Higher ROE supports higher multiples.
- Risk-Free Anchored P/E — Macro floor tied to 10y yield w/ MoS.
How it works
- Extreme values are clamped/filtered (IQR method).
- Anchors (20y avg, RCFC/ROE, risk-free) are always kept if valid.
- Final fair value = min(Blended PE × EPS, Avg PE × EPS).
P/E Reference Summary
Using EPS: $0.33
| Source |
P/E Ratio |
Implied Fair Value |
| Market (1 Yr Ago) | 8.05 | $2.66 |
| 2 Yrs Avg-PE | 11.44 | $3.78 |
| Value-Trades Assigned | 11.45 | $3.78 |
Note: Only 2 years of reliable P/E data available. Fair value is calculated using blended models to reduce bias.
