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Coinbase Global, Inc. — Intrinsic Value & Fair Price

COIN
NASDAQFinancial ServicesFinancial - Data & Stock ExchangesCIK 0001679788coinbase.comAbout COIN
Last close · Oct 16, 2026173.16−10.65 (−5.79%)
Market cap$45.7B
Model value · P/E · peers
245.51
Coinbase closed at $173.16 — undervalued by 29% vs model.
245.51the model's range245.51

P/E · peers leads for a financial company. From its peers' median P/E.

Other models
23.13 – 161.37
Wall St. target
202.50 14% below
Below model, 1y
8 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $173.16 · as of Oct 17, 2026

P/E · peers leads for a financial company. How we value a stock walks through every input.

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Research on COIN

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How it is valued

Valued asFinancial
High revenue growth (~52% recent)Moderate margins (18% net margin)Moderately volatile earnings
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for financials
P/E
38.9×
Price / book
3.0×
Return on equity
8.5%
Dividend yield, TTM
0.00%
Net margin
17.6%
Debt / equity
0.5
Full financials

Analyst actions

third-party, quoted
10-09Morgan Stanley · target258.00
10-09Compass Point · target187.00
10-07Goldman Sachs · target244.00
09-14Compass Point · “Neutral” from “Sell”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists COIN as a comparable
Side by side:vs HOODvs MSTR

The weekly

One email a week across every stock we cover: 13F filings, insider trades, earnings and new research. It covers the whole market, not just COIN. No account.

About Coinbase

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.

CEO
Brian Armstrong
Headquarters
New York City, NY
Employees
4,951
IPO
2021-04-14
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.