Coinbase Global Inc (COIN) Fair Value & Analysis
Financial Services · US · Market cap $42.3B · ISIN US19260Q1076
What is Coinbase Global Inc really worth?
Coinbase Global Inc
COIN · US
A solid business, but trading 162% above our fair value of $73.66.
Strengths
Risks
Fair value as of: Aug 29, 2026
From 12 valuation models · updated 6 days ago
Share price +27.8% over the past month.
What runs behind every stock
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What matters now
- The price sits above even our optimistic bull case ($92.08). The favourable scenario is already priced in.
- Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
- For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.
How to read this chart
60‑month range $32.53 – $419.78 · fair‑value band $55.25 – $92.08 · the $192.70 price screens above the $73.66 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 29, 2026.
Analysis
Coinbase Global Inc (COIN) currently trades at $192.70, while our model-based Fair Value estimate is $73.66, implying the stock looks roughly 161.6% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Financial Services sector. Bull case: the DCF Models group reads highest at a median of $199.98 per share, and 5 of the 12 models we run sit above the $192.70 price. Bear case: the Dividend Discount group reads lowest at $20.23, and 7 of the 12 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Coinbase Global Inc generated revenue of $6.3B at a net margin of 12.7%. Revenue declined 30.8% year over year. It earns a return on equity of 6.7%. The balance sheet holds a net cash position of $3.5B. Fundamentals as of Aug 29, 2026
Our scenario range runs from $55.25 (bear case) to $92.08 (bull case); at $192.70, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 57% below its 52-week high and 38% above its 52-week low, currently below its 200-day average. For context, the median of 10 Financial Services peers we cover trades at −55% fair-value upside, at −62%, COIN screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly $1.84 per share, which is 2.5 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 12 models by family
Widest divergence: DCF Models ($199.98) versus Dividend Discount ($20.23). Highest evidence: Residual Income (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 59 · Market factors (momentum, volatility) 17
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers.
Full company description
Coinbase Global, Inc. operates platform for crypto assets in the United States and internationally. It provides the primary financial account in the crypto economy for consumers; a brokerage platform with a pool of liquidity across the crypto marketplace for institutions; and a suite of products granting access to build onchain for developers. The company was founded in 2012 and is based in New York, New York.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Coinbase Global Inc reported revenue of $7.2B in FY2025 versus $7.8B in FY2021, a compound −2.2%/yr. Reported net income was $1.3B in FY2025, compounding −23.2%/yr from FY2021.
COIN screens 162% overvalued. Compare with S&P Global Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Coinbase temporarily pauses Core DAO sends and receives
- Elon Musk Agrees With Coinbase CEO Brian Armstrong That Some Charities Are 'Net Negative': 'He's Right'
- Coinbase CEO Says Crypto Is 'Updating the Financial System' as Trump Pushes CLARITY Act
- Coinbase (COIN) Stock Looks Strong On Returns But Rich On Sales
Peer Group
Financial Data & Stock Exchanges · 53 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Financial Data & Stock Exchanges median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 46/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Financial Data & Stock Exchanges stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| S&P Global Inc SPGI | $435.39 | $196.36 | −55% |
| CME Group CME | $285.80 | $145.51 | −49% |
| Moody's Corporation MCO | $514.95 | $192.63 | −63% |
| Intercontinental Exchange, Inc ICE | $162.33 | $75.95 | −53% |
| Hong Kong Exchanges and Clearing Limited 80388 | HK$360.20 | HK$280.07 | −22% |
| Deutsche Börse AG DB1 | €291.20 | €142.42 | −51% |
| Nasdaq, Inc NDAQ | $99.35 | $41.12 | −59% |
| MSCI Inc MSCI | $570.76 | $214.91 | −62% |
| Cboe Global Markets, Inc CBOE | $310.45 | $136.64 | −56% |
| Hithink RoyalFlush Information Network Co 300033 | ¥231.91 | ¥55.36 | −76% |
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