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BLSH Fair Value Estimate

Is Bullish (BLSH) fairly priced at $39.32? We used 3 separate valuation methods on real SEC data. Here's what they show.

All 3 models say it's worth around

$42.70

Composite fair value (average of 3 models)

9% below fair value

Fair value

$42.70

Market price

$39.32

What would I earn buying today?

(CAGR)

+1.7%

per year

What's a safe entry price?

(margin of safety)

$36.30

15% buffer below fair value

Do the models agree?

(model consensus)

3/1

undervalued

How we got this number

Each model asks a different question about BLSH's value. Tap any one to see the exact math — every number comes from a real SEC filing.

All 3 models agree: undervalued — but model fitness is low across the board — the signal may not be reliable for this stock type. This could be worth a deeper look.

Think these models are too simple?

They are — on purpose. For deeper analysis using free cash flow, growth decay, and terminal value, try the full DCF Calculator. Or let X-Ray guide you through a full 5-step investment review.

About the Fair Value Calculator

This tool estimates intrinsic value using three independent models: the Graham Number (earnings × book value), a PEG-Adjusted fair P/E approach, and an Earnings-Based DCF that projects future earnings. All three are averaged for a composite fair value with upside or downside versus market price.

Using multiple models matters — one formula never tells the full story. When all three point in the same direction, the signal gains weight.

How It Works

Graham Number: sqrt(22.5 × EPS × Book Value) — a conservative upper bound based on earnings and net asset value.

PEG-Adjusted: Computes a fair P/E by matching the growth rate (PEG benchmark of 1.0), then applies that to current earnings.

Earnings-Based DCF: Projects future earnings, prices them using the sector median P/E, then discounts back to today.

The composite averages all three equally. Model fitness ratings tell you which results to trust most for this stock.

Is Bullish Fairly Priced?

Example

Three valuation methods were applied to Bullish (BLSH) using live SEC filing data. Each one asks a different question — and they don't always agree.

Graham Number — Benjamin Graham's formula: sqrt(22.5 × EPS × Book Value). For BLSH with EPS of $-5.99 and book value of $22.00, the Graham Number lands at $N/A (negative inputs). This model was designed for asset-heavy firms — it often sets a low floor for asset-light companies.

PEG Ratio — Peter Lynch's insight: a stock's P/E should match its growth rate. BLSH grows earnings at -10.0% per year, so a fair P/E of -7.1x gives a PEG-adjusted fair value of $$42.70. The market P/E of -7.1x is lower than what growth justifies.

Earnings-Based DCF — Projects earnings 5 years forward at -10.0%, prices the future stock using the Technology sector median P/E of 28x (not BLSH's own inflated multiple), then discounts back at 8%. Result: $N/A.

ModelFair Valuevs. Market Price ($39.32)
Graham NumberN/A
PEG-Adjusted$42.708% below
Earnings-Based DCFN/A

All three models agree that BLSH appears undervalued. When independent methods using different data reach the same conclusion, the signal is stronger.

Frequently asked questions

The Fair Value Calculator runs three separate models on every S&P 500 stock. The Graham Number uses earnings and book value to find a safe price floor. The PEG Ratio checks if the P/E ratio matches earnings growth. The Earnings-Based DCF projects future earnings and brings them back to today's value. We average all three for a combined fair value, and show how much they agree.

Try it now — run all three valuation models for BLSH with live financial data.

Back to calculator

All data from Bullish SEC filings via Tiingo · Calculations by GoodMoat · Last refreshed May 4, 2026

This is not financial advice. Fair value models are estimates based on past data and assumptions.

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