---
title: Coinbase (COIN) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/coin
ticker: COIN
as_of: 2026-10-17
sector: Financial Services
industry: Financial - Data & Stock Exchanges
---
# Coinbase (COIN)

Coinbase (COIN) closed at $173.16 on Oct 16, 2026, undervalued by 29% vs its model value of $245.51 (from its peers' median P/E).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $173.16 (Oct 16, 2026) |
| Model value (from its peers' median P/E) | $245.51 |
| Price vs model | undervalued by 29% vs model |
| Range of that model | $245.51 – $245.51 |
| Market value | $45.7B |
| P/E (fiscal 2025) | 38.9 |
| Net margin (fiscal 2025) | 17.6% |
| Free cash flow (fiscal 2025) | — |
| Dividend yield (trailing twelve months) | 0.00% |
| Beta | 3.41 |
| Cost of capital (WACC) | 12.06% |
| Business classification | Mature & Stable (High revenue growth (~52% recent), Moderate margins (18% net margin), Moderately volatile earnings) |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/E · peers | primary | $245.51 | $245.51 | $245.51 |
| P/E · own history | cross check | $161.37 | $75.36 | $1,410.77 |
| PEG | sanity check | $23.13 | $23.13 | $23.13 |
| Dividend discount | cross check | $0.00 | $0.00 | $0.00 |

## Insider activity (SEC Form 4)

Past 90 days: 0 open-market buys ($0) and 16 open-market sales ($18.0M); 10b5-1 plan sales included.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Oct 1, 2026 | Andreessen Marc L | Director | Open-market sell (10b5-1 plan) | 13,676 | $2.5M |
| Oct 2, 2026 | Andreessen Marc L | Director | Open-market sell (10b5-1 plan) | 6,838 | $1.4M |
| Sep 21, 2026 | HAAS ALESIA J | Chief Financial Officer | Open-market sell (10b5-1 plan) | 1,409 | $290,843.1 |
| Sep 21, 2026 | HAAS ALESIA J | Chief Financial Officer | Open-market sell (10b5-1 plan) | 1,371 | $283,941 |
| Sep 21, 2026 | HAAS ALESIA J | Chief Financial Officer | Open-market sell (10b5-1 plan) | 35,840 | $7.4M |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Oct 2, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1679788/000167978826000113/coin-20260929.htm |
| Sep 2, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers | https://www.sec.gov/Archives/edgar/data/1679788/000167978826000101/coin-20260901.htm |
| Jul 30, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1679788/000167978826000088/coin-20260630.htm |
| Jul 30, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1679788/000167978826000087/coin-20260730.htm |
| Jul 23, 2026 | 8-K | 5.02 Departure/Election of Directors or Officers; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1679788/000167978826000080/coin-20260722.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Samantha McLemore | 2026-06-30 | 462,016 | $67.5M |

1 tracked managers in all.

## About

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.

---

Source: https://sweetvaluelab.com/stocks/coin (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.