Coinbase Global, Inc. (COIN) Stock Valuation — PE Analysis
Financial - Data & Stock Exchanges · NASDAQ
Current Price
$159.78
PE Ratio (TTM)
52.8x
Intrinsic Value
Outside reliable range
COMPETITIVE MOAT
↑Regulatory Leadership
Coinbase actively engages with regulators, aiming to shape crypto policy. This proactive stance builds trust and can create a more favorable operating environment than competitors.
↑Brand Recognition & Trust
As a leading, publicly traded crypto exchange, Coinbase has established significant brand recognition and a reputation for security. This attracts retail and institutional investors seeking a reliable platform.
↑Network Effects
A larger user base attracts more liquidity and trading activity, making Coinbase more attractive to new users. This virtuous cycle can be difficult for smaller exchanges to replicate.
INVESTMENT RISKS
↓Crypto Market Volatility
Coinbase's revenue is highly dependent on trading volumes, which are directly tied to the volatile nature of cryptocurrencies. Downturns significantly impact profitability.
↓Intensifying Competition
The crypto exchange landscape is increasingly crowded with both established players and new entrants. This can lead to price wars and pressure on market share.
↓Regulatory Uncertainty
Evolving and potentially unfavorable regulations in key markets pose a significant risk. Changes could impact Coinbase's ability to operate or offer certain products.
Base case
COIN base case PE valuation
Base case assumptions: -30.1% annual earnings growth, 50x target PE, 10% discount rate, 5 year projection. Data as of 2026-06-12.
This base case uses default assumptions and is not financial advice. The fair value changes significantly when the target PE or earnings growth rate changes. Open the calculator to set your own assumptions and see the full sensitivity range.
Customize the COIN PE valuation
Adjust the target PE, earnings growth, and discount rate to see how the fair value and margin of safety for Coinbase Global, Inc. respond.
Open PE Calculator for COINCompany Overview
Coinbase Global, Inc. delivers fundamental financial infrastructure and technological solutions to the expanding cryptoeconomy, operating across both the United States and international markets. The company provides a core financial gateway for individual consumers navigating the digital asset space. For institutional clients, it manages a dynamic trading venue that ensures abundant liquidity for cryptocurrency transactions. Moreover, Coinbase supplies developers with crucial technology and services, enabling them to build innovative crypto-based applications and seamlessly integrate secure digital asset payments. Founded in 2012, the firm is headquartered in Wilmington, Delaware.
Financial Metrics — COIN PE Stock Valuation Data
PE Ratio (TTM)
52.8x
PEG Ratio
n/m
Earnings Yield
1.89%
ROE (TTM)
5.7%
Revenue/Share (TTM)
$21.95
Debt/Equity
0.59x
Frequently Asked Questions
What is the PE ratio of COIN?
The trailing twelve-month PE ratio of COIN reflects how much investors pay per dollar of Coinbase Global, Inc.'s earnings. This metric is most useful when compared to Financial - Data & Stock Exchanges peers and the company's own historical range.
Is COIN overvalued based on PE ratio?
COIN's PE of 52.8x combined with a PEG ratio of -1.20 provides a growth-adjusted perspective. COIN has negative earnings, so its PE and PEG ratios are not meaningful here and cannot tell you whether the stock is over or undervalued. Keep in mind that PE-based valuation works best for profitable, mature companies — for high-growth or cyclical Financial - Data & Stock Exchanges, a DCF analysis may be more appropriate.
How do I value COIN stock using PE ratio?
To value Coinbase Global, Inc. using PE: (1) Compare the current PE (52.8x) against the Financial - Data & Stock Exchanges median to assess relative pricing, (2) check the PEG ratio (-1.20) to adjust for growth expectations, (3) review the 5-year PE range to identify where the stock sits historically, and (4) estimate fair value by multiplying a target PE by forward EPS estimates. This relative approach complements DCF's absolute valuation.
What is the PEG ratio of COIN?
COIN's PEG ratio is -1.20, calculated by dividing the PE ratio (52.8x) by the expected earnings growth rate. Because COIN has negative earnings, its PEG ratio is not meaningful and should not be read as a sign of under or overvaluation. Note that PEG accuracy depends on the reliability of growth estimates.
Should I use PE ratio or DCF for COIN stock valuation?
PE ratio gives a quick relative read — how COIN is priced versus Financial - Data & Stock Exchanges peers. DCF provides an absolute value based on projected free cash flows. For the most reliable valuation, use PE as a quick comparability screen and DCF for a deeper fundamental analysis. Each method has blind spots: PE ignores capital structure and cash flow quality, while DCF is sensitive to growth and discount rate assumptions.
Learn More
- See COIN DCF Valuation → — Intrinsic value via Discounted Cash Flow analysis
- PE Methodology — Step-by-step guide to PE ratio stock valuation
- DCF Methodology — Guide to discounted cash flow analysis
- PE Ratio — Understanding the price-to-earnings ratio
- Intrinsic Value — How to evaluate stock fair value
Related PE Valuations
All Financial Services valuationsP/E and DCF value COIN with different methods and assumptions, so the two conclusions can differ. Compare the DCF intrinsic value.
Price as of 2026-06-12. Financial data from Financial Modeling Prep (trailing twelve months) · Valuation methodology by Charlie Wang.
This is an estimate, not investment advice.