Coinbase Global (COIN)
Financials · NASDAQ · US
Price as at 3 Sept 2026, 14:34 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Coinbase Global trades at $189.68, which is 48% below the $280.00 our fair value estimate puts on the business. On that measure alone it screens as undervalued, though a valuation model is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 58 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 58.5 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
COIN earnings and analyst estimates
Recommendation mix, 34 published ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Coinbase Global
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 profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
COIN passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
14 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Cathie Wood, ARK Investment Management LLC$367.13M · 2.4% of book
- Baillie Gifford, BAILLIE GIFFORD & CO$196.27M · 0.2% of book
- Samantha McLemore, Patient Capital Management, LLC$75.15M · 2.8% of book
- Ruffer LLP, Ruffer LLP$72.87M · 2.6% of book
- David Greenspan, Slate Path Capital LP$45.99M · 0.7% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Coinbase Global (COIN) undervalued?
Against our fair value estimate of $280.00, COIN at $189.68 is 48% below fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
Which funds own COIN?
14 of the institutions we track reported a position in COIN in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is COIN's P/E ratio?
COIN trades at 58.5 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Where does SteadyShares get its COIN data?
Fundamentals for COIN come from company filings and exchange data, as listed on NASDAQ; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 3 Sept 2026, 14:34 UTC and is delayed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for COIN, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.