Network value to transactions: market capitalisation against the value settled on chain, on 90-day averages.
213.8 on Nov 6, 2026, against 192.7 a year earlier.
Bitcoin’s price-to-earnings ratio: market capitalisation divided by the dollar value the chain settles. A high reading means the network is valued richly against its use; a low one means it is cheap. Both series are averaged over 90 days, which is how the signal is usually read.
NVT ratio (90-day), month by month
Month
NVT ratio (90-day)
Dec 2025
165.8
Jan 2026
174.7
Feb 2026
194.6
Mar 2026
203.6
Apr 2026
211.6
May 2026
249.8
Jun 2026
239.2
Jul 2026
236.1
Aug 2026
218.5
Sep 2026
220.2
Oct 2026
212.4
Nov 2026
213.8
Questions
What is nvt ratio today?
213.8 as of November 6, 2026, down 1.4% over the last 30 days.
How has it changed over the past year?
A year ago it was 192.7; today it is 213.8, a change of +10.9%.
What is the highest nvt ratio (90-day) on record?
253.0, on May 27, 2026.
How is this chart calculated?
Bitcoin’s price-to-earnings ratio: market capitalisation divided by the dollar value the chain settles. A high reading means the network is valued richly against its use; a low one means it is cheap. Both series are averaged over 90 days, which is how the signal is usually read.
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