Coinbase Global (XSWX:COIN) EV-to-EBITDA: -41.90 (As of Aug. 13, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

XSWX:COIN Coinbase Global Inc XSWX:COIN
75 GF Score
Price CHF120.74
GF Value CHF183.90
! 7 Warning Signs
View Full Analysis

What is Coinbase Global EV-to-EBITDA?

Coinbase Global XSWX:COIN 75 EV-to-EBITDA is -41.90 as of Aug. 13, 2026. GuruFocus rates XSWX:COIN with a GF Score™ of 75/100 and a GF Value™ of CHF183.90. The stock has 7 warning signs investors should review. Among 512 Capital Markets companies, Coinbase Global ranks worse than 195312.3% on this metric.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, Coinbase Global's enterprise value is CHF29,989 Mil. Coinbase Global's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 was CHF-716 Mil. Therefore, Coinbase Global's EV-to-EBITDA for today is -41.90.

The historical rank and industry rank for Coinbase Global's EV-to-EBITDA or its related term are showing as below:

XSWX:COIN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -72.05   Med: 22.71   Max: 554.67
Current: -41.02

During the past 7 years, the highest EV-to-EBITDA of Coinbase Global was 554.67. The lowest was -72.05. And the median was 22.71.

XSWX:COIN's EV-to-EBITDA is ranked worse than
100% of 512 companies
in the Capital Markets industry
Industry Median: 9.35 vs XSWX:COIN: -41.02

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio to determine the fair market value of a company.

As of today (2026-08-13), Coinbase Global's stock price is CHF120.74. Coinbase Global's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 was CHF-3.050. Therefore, Coinbase Global's PE Ratio (TTM) for today is At Loss.

The "classic" EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio (TTM).


Coinbase Global  (XSWX:COIN) EV-to-EBITDA Explanation

EV-to-EBITDA is a valuation multiple used in finance and investment to measure the value of a company. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.

Coinbase Global's PE Ratio (TTM) for today is calculated as:

PE Ratio (TTM)=Share Price (Today)/Earnings per Share (Diluted) (TTM)
=120.74/-3.050
=At Loss

Coinbase Global's share price for today is CHF120.74.
Coinbase Global's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-3.050.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Study has found that the companies with the lowest EV-to-EBITDA outperforms companies measured as cheap by other ratios such as PE Ratio (TTM).

Please read Which price ratio outperforms the enterprise multiple?


Coinbase Global EV-to-EBITDA Related Terms


Coinbase Global EV-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Coinbase Global's EV-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Coinbase Global EV-to-EBITDA Chart

Coinbase Global Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBITDA
Get a 7-Day Free Trial 16.37 -2.26 271.74 18.44 31.45

Coinbase Global Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
EV-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.00 20.47 31.45 33.66 -40.18

XSWX:COIN vs MSCI, NDAQ, CBOE: EV-to-EBITDA Comparison

For the Financial Data & Stock Exchanges subindustry, Coinbase Global's EV-to-EBITDA, along with its competitors' market caps and EV-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Coinbase Global EV-to-EBITDA vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Coinbase Global's EV-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Coinbase Global's EV-to-EBITDA falls into.


XSWX:COIN
75GF Score
Coinbase Global Inc XSWX:COIN
EV-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Coinbase Global EV-to-EBITDA Calculation

Coinbase Global's EV-to-EBITDA for today is calculated as:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA (TTM)
=29989.347/-715.795
=-41.90

Coinbase Global's current Enterprise Value is CHF29,989 Mil.
Coinbase Global's EBITDA for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF-716 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EV-to-EBITDA →
What does a EV-to-EBITDA of -41.90 mean?
Coinbase Global (XSWX:COIN) has a EV-to-EBITDA of -41.90 as of Aug. 13, 2026. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Coinbase Global. According to the industry distribution chart, Coinbase Global ranks #999999 out of 512 companies in the Capital Markets industry.
Is Coinbase Global's EV-to-EBITDA too high?
Coinbase Global's current EV-to-EBITDA is -41.90. Based on the distribution chart, Coinbase Global ranks #999999 out of 512 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Coinbase Global has a GF Score™ of 75/100, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's EV-to-EBITDA compare to MSCI and NDAQ?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #999999 out of 512 companies for EV-to-EBITDA. This places Coinbase Global in the lower half of its industry. The industry median EV-to-EBITDA is 9.35. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EV-to-EBITDA for a Capital Markets company?
The median EV-to-EBITDA among Capital Markets companies is 9.35, based on 512 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EV-to-EBITDA mean?
A high EV-to-EBITDA can signal that a stock is expensive relative to its fundamentals. EV to EBITDA ratio is the company's enterprise value divided by earnings before interest, taxes, depreciation and amortization. View historical data on Coinbase Global. For the Capital Markets industry, the median EV-to-EBITDA is 9.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coinbase Global's current EV-to-EBITDA is -41.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Coinbase Global stock overvalued right now?
Coinbase Global (XSWX:COIN) has a current EV-to-EBITDA of -41.90. The stock's GF Value™ is CHF183.90, compared to a current price of CHF120.74 — trading 34.3% below its estimated fair value. The current EV-to-EBITDA is -41.90. Coinbase Global's overall GF Score™ is 75/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-EBITDA calculated?
EV-to-EBITDA is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current EV-to-EBITDA is -41.90 as of Aug. 13, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Coinbase Global (XSWX:COIN) Overvalued in 2026?

Based on GuruFocus' analysis, Coinbase Global stock appears to be undervalued. The current stock price of CHF120.74 is trading 34.3% below its estimated GF Value™ of CHF183.90.

Key valuation signals for XSWX:COIN:

  • EV-to-EBITDA: -41.90
  • GF Value™: CHF183.90 vs. price of CHF120.74 (34.3% below fair value)
  • GF Score™: 75/100 with 7 warning signs

No single metric tells the full story. See the XSWX:COIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Coinbase Global Business Description

Address One Madison Avenue, Suite 2400, New York, NY, USA, 10010
Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics.
75GF Score

Get the complete analysis for XSWX:COIN

EV-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

CHF120.74
Price
CHF183.90
GF Value