Circle8 Group, Inc.

AI-generated fair value estimate for this company.

Method: EV/Revenue multiple approach: annualized run-rate revenue of ~$1,139M (2x the $569.7M H1 2026 revenue reported in the 10-Q) x a 0.12x EV/Sales multiple (appropriate for a low-margin, highly levered global staffing/workforce-solutions roll-up) = ~$137M enterprise value, minus net debt of ~$142.7M ($162.0M related-party convertible note less $19.3M cash; the $202.1M factoring debt is excluded from net debt because it is collateralized by/matched against accounts receivable working capital rather than representing unmatched leverage); result is divided by 114.4M shares outstanding and floored near zero to reflect limited-liability equity value rather than the negative figure the raw math implies

Reasoning: Circle8 Group's H1 2026 net loss of $117.1M (including a $60.4M loss on settlement) and a balance sheet dominated by $438.9M of acquisition goodwill and $186.0M of intangibles from the January 2026 reverse-merger make a standard free-cash-flow DCF unreliable and non-representative of steady-state economics; the company's own 10-Q discloses substantial doubt about its ability to continue as a going concern and a $25.5M stockholders' deficit, so a conservative revenue-multiple approach anchored to actual run-rate revenue, net of true (non-factoring) debt, is the more defensible method, and it correctly signals that equity value is minimal/near-zero given the leverage relative to thin staffing-industry margins