Is Coinbase Global, Inc. overvalued or undervalued?

As of 7 November 2025, the valuation grade for Coinbase Global, Inc. has moved from attractive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 44, an EV to EBITDA of 30.83, and a Price to Book Value of 6.11. In comparison with peers, The Charles Schwab Corp. has a more attractive P/E of 25.67, while The Goldman Sachs Group, Inc. is considered expensive with a P/E of 41.63.
Despite the recent decline in stock price, with a 1-week return of -10.08% compared to the S&P 500's -1.63%, Coinbase has shown strong performance year-to-date with a return of 24.5%, outpacing the S&P 500's 14.40%. This suggests that while the stock may be fairly valued now, it has demonstrated significant growth potential over the longer term.