Metalpha Technology Holding Limited
Metalpha Technology Holding Limited is a financial services company focused on digital asset-based wealth management and cryptocurrency-related solutions. Through its subsidiaries, Metalpha provides services that include proprietary trading of digital assets, the issuance and execution of crypto derivative products, crypto market-making services, and traditional financial derivative products. The company also offers securities advisory and asset management services, supporting institutional investors and high-net-worth individuals in Hong Kong and other markets it serves. Metalpha’s business is centered on institutional-grade infrastructure for trading, hedging, liquidity, and blockchain-related financial services, making it a specialized participant in the evolving digital asset ecosystem. Based in Hong Kong, Metalpha Technology Holding Limited combines virtual asset expertise with conventional wealth management capabilities to serve clients seeking diversified financial and derivative solutions.
$1.05
-$0.02 (-2.33%)
EOD Oct 16, 2026
Net margin is thin at 3.46%. This may reflect rising credit costs, rate compression, or operational inefficiency.
Revenue declined 16.7% YoY. For a bank, this often signals contracting loan book or reduced fee income.
At 53x earnings, the multiple is above the banking sector average. Financials rarely sustain elevated multiples through credit cycles. Net income declined 92% YoY, profitability momentum has weakened.
52.5x earnings. Above the financial-sector median (~13x). The market is pricing in above-average returns or growth, any credit deterioration would compress the multiple quickly.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$37M
▼ -16.7% YoY
Net Income (TTM)
$1M
▼ -91.9% YoY
Net Margin
3.46%
P/E
52.5x
Balance Sheet
Total Assets
$486M
Equity
$53M
Total Debt
$537K
Cash & Equiv.
$85M
3Y CAGR: +86.9%
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Is Metalpha Technology Holding (MATH) overvalued?
At a P/E of 52.5, Metalpha Technology Holding (MATH)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Metalpha Technology Holding scores 76/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Metalpha Technology Holding a high-quality business?+
Metalpha Technology Holding scores 76 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 3.6% operating margin and a 2.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Metalpha Technology Holding a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh MATH's valuation and scores 76/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.