Coinbase (COIN) fundamentals: P/E, valuation, undervalued?
Coinbase · Crypto · ref. ETF — · price $190.72
In short — Coinbase trades at —× earnings (P/E), 67.4× forward, with a net margin of -16.3 % and revenue growth of -17 %. Read: Not (yet) profitable (valued on growth, not earnings).
Is Coinbase stock cheap or undervalued? A good time to buy? Here are its fundamentals — P/E, PEG, margin and income statement — to judge its valuation.
📈 1-year price
$190.72-38.2% over range
Aug 28, 25low $141.09 · high $387.27Aug 27, 26
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Buy
72% recommend buying · 18 analysts
Valuation : Not (yet) profitable — valued on growth, not earnings
Valuation
—
P/E (price/earnings)
67.4
Forward P/E
—
PEG
3.8
Price/book (P/B)
$50.3B
Market cap
-4.06
EPS
Profitability & growth
-16.3 %
Net margin
-17 %
Revenue growth
—
Earnings growth
$6.7B
Total debt
Coinbase income statement
| Fiscal year | Revenue | Net income | Margin |
|---|---|---|---|
| 2022 | $3.2B | $-2.6B | -82.2 % |
| 2023 | $3.1B | $95M | 3.0 % |
| 2024 | $6.6B | $2.6B | 39.3 % |
| 2025 | $7.2B | $1.3B | 17.6 % |
⚠️ Indicative financial data (Yahoo Finance), not investment advice. Amounts in $.
Frequently asked questions
What is Coinbase's P/E and is the stock undervalued? What's a good P/E?
Coinbase's P/E is — (forward 67.4). Below ~15 = fairly cheap, above ~30 = expensive. Our valuation verdict: "Not (yet) profitable".
Is Coinbase profitable?
Coinbase has a net margin of -16.3 % (EPS -4.06). The company is not (yet) profitable.
Is COIN stock expensive?
Our read: "Not (yet) profitable" — valued on growth, not earnings. Cross-check with growth and sector.
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