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.
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.
Coinbase Global (XSWX:COIN) Forward PE Ratio Explanation
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Coinbase Global Forward PE Ratio Related Terms
Coinbase Global Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Coinbase Global's Forward PE Ratio 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 Forward PE Ratio Chart
Coinbase Global Annual Data
Trend
Forward PE Ratio
Coinbase Global Quarterly Data
2026-03
Forward PE Ratio
52.63
XSWX:COIN vs MSCI, NDAQ, CBOE: Forward PE Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Coinbase Global's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio 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 Forward PE Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Coinbase Global's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Coinbase Global's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Coinbase Global (XSWX:COIN) has a Forward PE Ratio of 607.42 as of Jul. 28, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Coinbase Global and its competitors. According to the industry distribution chart, Coinbase Global ranks #215 out of 221 companies in the Capital Markets industry, placing it in the top 97.3%.
Is Coinbase Global's Forward PE Ratio too high?
Coinbase Global's current Forward PE Ratio is 607.42. The Capital Markets industry median Forward PE Ratio is 16.06. Coinbase Global's value of 607.42 is 3682.2% above this industry median. Based on the distribution chart, Coinbase Global ranks #215 out of 221 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Coinbase Global has a GF Score™ of 50/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Forward PE Ratio compare to MSCI and NDAQ?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #215 out of 221 companies for Forward PE Ratio. This places Coinbase Global in the lower half of its industry. The industry median Forward PE Ratio is 16.06. Coinbase Global's value of 607.42 is 3682.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Capital Markets company?
The median Forward PE Ratio among Capital Markets companies is 16.06, based on 221 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coinbase Global's current Forward PE Ratio of 607.42 is 3682.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Coinbase Global and its competitors. For the Capital Markets industry, the median Forward PE Ratio is 16.06 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coinbase Global's current Forward PE Ratio is 607.42. 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?
Based on GuruFocus' analysis, Coinbase Global (XSWX:COIN) is currently considered Modestly Undervalued. The stock's GF Value™ is CHF188.66, compared to a current price of CHF132.48 — trading 29.8% below its estimated fair value. The current Forward PE Ratio is 607.42 and 3682.2% above the Capital Markets industry median of 16.06. Coinbase Global's overall GF Score™ is 50/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current Forward PE Ratio is 607.42 as of Jul. 28, 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 CHF132.48 is trading 29.8% below its estimated GF Value™ of CHF188.66.
GuruFocus considers Coinbase Global to be Modestly Undervalued.
Key valuation signals for XSWX:COIN:
Forward PE Ratio: 607.42
GF Value™: CHF188.66 vs. price of CHF132.48 (29.8% below fair value)
Industry Position: 3682.2% above the Capital Markets median (#215 of 221)
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.
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.
50GF Score
Get the complete analysis for XSWX:COIN
Forward PE Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
XSWX:COIN has been successfully added to your 
