VanEck Ethereum Etf (ETHV) intrinsic value & 10-year financials

VanEck Ethereum Etf (ETHV) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$35.22
Revenue (FY2025)
—
ROIC (10-yr avg)
-18.5%
Free cash flow (FY2025)
—

ETHV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$33.8M — — — —
FY2024 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

VanEck Ethereum ETF revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

VanEck Ethereum ETF 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

VanEck Ethereum ETF capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

VanEck Ethereum ETF is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

ETHV stock: frequently asked questions

What is ETHV's return on invested capital?

Average ROIC over the last 2 fiscal years was -18.5%, and average return on equity was -21.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this ETHV data come from?

From VanEck Ethereum Etf's annual 10-K filings on SEC EDGAR, most recently filed Aug 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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