BTCT vs EBON

BTC Digital Ltd. vs Ebang International Holdings In — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — EBON scores higher on quality with 2.4/10 vs BTCT's 1.8/10. BTCT trades at $1.15 while EBON trades at $2.15. Both analyzed daily using SEC EDGAR data across 13 institutional models.

BTCT

Computer Hardware
BTC Digital Ltd.
Quality
1.8
out of 10
Value Trap
12
SAFE
Price
$1.15
Last close
Models
9/13
Active
VS

EBON

Computer Hardware
Ebang International Holdings In
Quality
2.4
out of 10
Value Trap
Price
$2.15
Last close
Models
8/13
Active
BTCT
2 models active
Quality 1.8/10 — below average
EBON
Earnings Power Value sees +72.2% upside
Quality 2.4/10 — below average

BTCT vs EBON — Fair Value Comparison

BTCT
$0$0$1$1 Price$1.15 Bayesian …$0.22 (-80.5%) PWERM$1.01 (-12.3%)
EBON
$0$2$3$5 Price$2.15 Bayesian …$0.41 (-80.7%) Earnings …$4.25 (+72.2%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType BTCT Fair ValueBTCT Upside EBON Fair ValueEBON Upside
Bayesian DCF Intrinsic $0.22 -80.5% $0.41 -80.7%
Earnings Power Value Intrinsic $4.25 +72.2%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $•••.•• ••.•% $•••.•• ••.•%
PWERM Option-Based $1.01 -12.3% $2.38 -0.3%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

BTCT vs EBON — Which Stock Is More Undervalued in 2026?

EBON scores higher with a 2.4/10 quality rating vs BTCT's 1.8/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do BTCT and EBON Valuations Compare?

At $1.15, BTCT trades +80.5% above its Bayesian DCF fair value of $0.22, while EBON at $2.15 trades +80.7% above its estimate of $0.41. EBON shows a wider gap between price and intrinsic value.

Quality of Company: BTCT vs EBON

BTCT earns a Quality of Company score of 1.8/10 compared to EBON's 2.4/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: BTCT vs EBON

Review the value trap analysis for both BTCT and EBON to assess whether apparent undervaluation reflects genuine opportunity or hidden fundamental risk.

Both in Computer Hardware

Both BTCT and EBON operate in Computer Hardware, which has 38 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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