Assessing SMX (SMX)’s Valuation After a Recent 2,600% 30-Day Share Price Surge

What Is Driving SMX Right Now

SMX (Security Matters) (SMX) has quietly turned heads with a sharp month move, even as its year to date and 1 year returns remain deeply negative, inviting a closer look at the setup.

See our latest analysis for SMX (Security Matters).

That staggering 30 day share price return of roughly 2,600% sits awkwardly beside a year to date share price loss near 100% and a similarly brutal one year total shareholder return. This suggests the latest spike looks more like speculative short term momentum than a durable trend.

If SMX’s rollercoaster move has you rethinking your watchlist, it could be worth scouting other niche tech stories through high growth tech and AI stocks for ideas with potentially more balanced risk reward profiles.

With revenues still at zero and losses mounting, the latest surge forces a tough question: is SMX a deeply discounted play on future adoption, or has the market already raced ahead and priced in tomorrow’s growth?

Price-to-Book of 880.3x: Is it justified?

On traditional valuation terms, SMX looks extremely expensive at its last close price of $137.70 when measured against its reported book value.

The price to book ratio compares the market value of a company to the net assets on its balance sheet. It is a common yardstick for asset light or early stage tech names. For SMX, a ratio of 880.3 times suggests investors are paying a very large premium to the company’s underlying equity.

Given SMX generates no meaningful revenue and remains unprofitable, such a stretched price to book implies the market is banking on substantial future commercialisation of its brand protection and traceability platform, even though those cash flows are yet to appear.

The gap to peers is stark. SMX’s 880.3 times price to book towers over both the immediate peer group average of 3.1 times and the broader US Electronic industry average of 2.3 times, underscoring how aggressively the stock is priced on this metric.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price-to-book of 880.3x (OVERVALUED)

However, investors face clear risks, including ongoing zero revenue, steep losses, and the danger that hoped for commercial traction in traceability never materialises.

Find out about the key risks to this SMX (Security Matters) narrative.

Build Your Own SMX (Security Matters) Narrative

If you see this differently or want to dig into the numbers yourself, you can build a custom view of SMX in under three minutes, Do it your way.

A great starting point for your SMX (Security Matters) research is our analysis highlighting 4 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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