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Bullish valuation and forecast

Explore the models for Bullish, adjust their assumptions and compare your own valuation with the platform's.

Your valuation workspace

What is BLSH worth to you?

Start with the company's financial data. Make the assumptions your own.

5 models available

01 / Assumptions

Follow the forecast

The cash flows behind your value

USD per share
View annual figures
Forecast yearCash flow / share

Negative cash flows are shown in terracotta. Before the terminal value and equity bridge. Residual-income models show excess earnings; dividend models show dividends.

See the range of possibilities

Compare and combine your models

Your weighted value—

Weights start with the platform's included models. Change them to build your own combination. Select a model name to edit its assumptions.

ModelYour value / shareWeight

The platform's price and consistency filters are not reapplied to your scenarios.

Other model types 17 unavailable for BLSH

Growth cash-flow model

no revenue, margin or share count to start from

Revenue-to-maturity model

revenue and margins don't support a positive value

Cash-flow DCF

This model does not apply to this company with the available financial data.

P/B vs return on equity

This model does not apply to this company with the available financial data.

Peer price-to-book

This model does not apply to this company with the available financial data.

Peer P/E

This model does not apply to this company with the available financial data.

Peer price-to-FFO

This model does not apply to this company with the available financial data.

Peer price-to-sales

This model does not apply to this company with the available financial data.

P/E comparison

This model does not apply to this company with the available financial data.

PEG comparison

This model does not apply to this company with the available financial data.

Two-stage dividend discount

This model does not apply to this company with the available financial data.

Growing-dividend model

This model does not apply to this company with the available financial data.

REIT funds from operations

This model does not apply to this company with the available financial data.

Utility earnings

This model does not apply to this company with the available financial data.

Book value / net assets

This model does not apply to this company with the available financial data.

Reported crypto treasury NAV

This model does not apply to this company with the available financial data.

Proved-reserve NAV

This model does not apply to this company with the available financial data.

Model values are estimates under the assumptions shown. They are not share-price forecasts or investment advice.

Valuation models compared

Forward price-to-earnings vs peersNext year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings.
~$54~$37–$110
Residual incomeBook value plus the present value of returns above the cost of equity, fading over ten years.
~$44~$37–$53
Justified price-to-bookBook value times (return on equity - growth) / (cost of equity - growth): steady-state returns.
~$55~$49–$63
Forward price-to-sales vs peersleft out of the combined value: far from the other models (more than 3x away from their median)
~$11~$11–$25
Models combinedweighted average of 3 models; primary model counts double
~$51~$44–$55

Different models answer different questions: the cash-flow models ask what the business generates for owners; the peer multiples ask what similar companies in our coverage trade on. Where they disagree, the gap is the story. Projections are estimates based on current data, updated daily. Not investment advice. How each model works.

Analyst recommendations

12 analysts, Nov 2026
Buy542%
Hold758%
Sell00%

Monthly trend

  1. Nov 20265712
  2. Oct 20265611
  3. Sep 20264610

Counts of recommendations published by analysts covering Bullish, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Price history

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Third-party market data · may be delayed

BLSH valuation questions

How does Fundamentalytics value Bullish?
We use the models that fit Bullish's business and available financial data: forward price-to-earnings vs peers, residual income, justified price-to-book. Each model has its own assumptions and data requirements. The calculator explains which models are available and lets you adjust their inputs.

Data: SEC EDGAR filings, retrieved November 2, 2026. Method: how we value companies. Disclosures: research and recommendations disclosure. Back to Bullish.

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