TeraWulf Inc.

NasdaqCM:WULF Stock Report

Market Cap: US$5.2b

TeraWulf Valuation

Is WULF undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of WULF when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Fair Value: Insufficient data to calculate WULF's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate WULF's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for WULF?

Key metric: As WULF is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for WULF. This is calculated by dividing WULF's market cap by their current revenue.
What is WULF's PS Ratio?
PS Ratio32.1x
SalesUS$167.60m
Market CapUS$5.23b

Price to Sales Ratio vs Peers

How does WULF's PS Ratio compare to its peers?

The above table shows the PS ratio for WULF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average17.8x
SOUN SoundHound AI
31.2x29.56%US$4.6b
CIFR Cipher Mining
31.7x35.48%US$6.4b
MARA MARA Holdings
4.3x12.11%US$3.8b
CLSK CleanSpark
4x13.72%US$3.0b
WULF TeraWulf
32.1x39.39%US$5.2b

Price-To-Sales vs Peers: WULF is expensive based on its Price-To-Sales Ratio (32.1x) compared to the peer average (17.8x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

How does WULF's PS Ratio compare vs other companies in the US Software Industry?

70 CompaniesPrice / SalesEstimated GrowthMarket Cap
RNG RingCentral
1x4.67%US$2.49b
VYX NCR Voyix
0.6x-11.68%US$1.42b
DSP Viant Technology
0.6x13.26%US$737.34m
RMNI Rimini Street
0.9x3.51%US$353.25m
WULF 32.1xIndustry Avg. 4.9xNo. of Companies70PS048121620+
70 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: WULF is expensive based on its Price-To-Sales Ratio (32.1x) compared to the US Software industry average (4.9x).

Price to Sales Ratio vs Fair Ratio

What is WULF's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

WULF PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio32.1x
Fair PS Ratio10.9x

Price-To-Sales vs Fair Ratio: WULF is expensive based on its Price-To-Sales Ratio (32.1x) compared to the estimated Fair Price-To-Sales Ratio (10.9x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst WULF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$12.84
US$22.10
+72.15%
12.89%US$26.00US$17.00n/a12
Jan ’27US$11.49
US$22.10
+92.38%
12.89%US$26.00US$17.00n/a12
Dec ’26US$15.30
US$21.44
+40.15%
20.44%US$26.00US$9.50n/a13
Nov ’26US$15.50
US$21.29
+37.34%
19.64%US$26.00US$9.50n/a13
Oct ’26US$11.47
US$12.86
+12.15%
27.59%US$21.50US$6.50n/a11
Sep ’26US$9.45
US$12.18
+28.91%
19.19%US$15.00US$6.50n/a11
Aug ’26US$4.76
US$7.18
+50.88%
17.38%US$10.00US$6.00n/a11
Jul ’26US$4.44
US$6.86
+54.59%
24.28%US$10.00US$4.00n/a11
Jun ’26US$3.53
US$6.64
+88.00%
27.09%US$10.00US$4.00n/a11
May ’26US$3.24
US$7.25
+123.77%
30.57%US$10.00US$4.00n/a10
Apr ’26US$2.88
US$8.55
+196.88%
21.32%US$10.00US$4.00n/a10
Mar ’26US$4.19
US$9.50
+126.73%
8.95%US$10.50US$7.50n/a9
Feb ’26US$4.77
US$9.83
+106.15%
10.45%US$11.00US$7.50n/a9
Jan ’26US$5.66
US$9.94
+75.57%
7.31%US$11.00US$9.00US$11.498
Dec ’25US$7.89
US$9.69
+22.78%
9.97%US$11.00US$8.00US$15.308
Nov ’25US$6.20
US$7.04
+13.53%
20.50%US$10.00US$5.00US$15.508
Oct ’25US$4.33
US$6.56
+51.56%
29.86%US$10.00US$3.00US$11.478
Sep ’25US$4.36
US$6.64
+52.36%
31.35%US$10.00US$3.00US$9.457
Aug ’25US$4.11
US$6.84
+66.34%
31.76%US$10.00US$3.00US$4.766
Jul ’25US$5.21
US$6.03
+15.80%
32.62%US$9.00US$3.00US$4.446
Jun ’25US$2.18
US$3.62
+65.90%
13.40%US$4.20US$3.00US$3.536
May ’25US$2.12
US$3.62
+70.60%
13.40%US$4.20US$3.00US$3.246
Apr ’25US$2.43
US$3.70
+52.26%
10.81%US$4.00US$3.00US$2.885
Mar ’25US$2.05
US$3.90
+90.24%
12.56%US$4.50US$3.00US$4.195
Feb ’25US$1.83
US$3.70
+102.19%
16.22%US$4.50US$3.00US$4.775
Jan ’25US$2.40
US$3.40
+41.67%
14.41%US$4.00US$3.00US$5.665
US$22.1
Fair Value
41.9% undervalued intrinsic discount
12
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/08 15:38
End of Day Share Price 2026/01/08 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TeraWulf Inc. is covered by 18 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Martin TonerATB Capital Markets
Nicholas GilesB. Riley Securities, Inc.
Brett KnoblauchCantor Fitzgerald & Co.