Coinbase GlobalXSWX:COIN +0.20%60 Net Current Asset Value is CHF12.89 as of Mar. 2026, which is 100% below its 10-year median of 10.88. GuruFocus rates XSWX:COIN with a GF Score™ of 60/100 and a GF Value™ of CHF182.51 (Possible Value Trap). The stock has 9 warning signs investors should review. Among 501 Capital Markets companies, Coinbase Global ranks worse than 79.24% on this metric.
In calculating the Net Current Asset Value (NCAV), Benjamin Graham means a company's current assets (such as cash, marketable securities, and inventories) minus its total liabilities (including preferred stock, minority interest, and long-term debt).
Coinbase Global's net current asset value per share for the quarter that ended in Mar. 2026 was CHF12.89.
The historical rank and industry rank for Coinbase Global's Net Current Asset Value or its related term are showing as below:
XSWX:COIN'
s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 3.75 Med: 10.88 Max: 17.51
Current: 9.7
During the past 7 years, the highest Price-to-Net-Current-Asset-Value Ratio of Coinbase Global was 17.51. The lowest was 3.75. And the median was 10.88.
XSWX:COIN's Price-to-Net-Current-Asset-Value is ranked worse than 79.24% of 501
companies
in the Capital Markets industry
Industry Median: 2.83
vs XSWX:COIN: 9.70
Coinbase Global (XSWX:COIN) Net Current Asset Value Explanation
Benjamin Graham first discussed net current asset value (NCAV) in the 1934 edition of "Security Analysis", which he coauthored with David Dodd. In the book, (net) current asset value is defined as:" current assets alone, minus all liabilities and claims ahead of the issue."
The common definition of NCAV is: NCAV = current assets – [total liabilities + minority interest + preferred stock]
Net current assets exclude not only the intangible assets but also the fixed and miscellaneous assets. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.
One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Grahams strategy produced similar results.
Benjamin Graham looked for companies whose market values were less than two-thirds of their Net-Net Working Capital. They are collected under our Net-Net screener.
Coinbase Global Net Current Asset Value Related Terms
Coinbase Global Net Current Asset Value Historical Data
* Premium members only.
The historical data trend for Coinbase Global's Net Current Asset Value 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.
XSWX:COIN vs MSCI, NDAQ, CBOE: Net Current Asset Value Comparison
For the Financial Data & Stock Exchanges subindustry, Coinbase Global's Price-to-Net-Current-Asset-Value, along with its competitors' market caps and Price-to-Net-Current-Asset-Value 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 Price-to-Net-Current-Asset-Value vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Coinbase Global's Price-to-Net-Current-Asset-Value distribution charts can be found below:
* The bar in red indicates where Coinbase Global's Price-to-Net-Current-Asset-Value falls into.
* 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.
What does a Net Current Asset Value of CHF12.89 mean?
Coinbase Global (XSWX:COIN) has a Net Current Asset Value of CHF12.89 as of Mar. 2026. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Coinbase Global and its competitors. This is 18% above median its historical median of 10.88. Over the past decade, Coinbase Global's Net Current Asset Value has ranged from 3.75 to 17.51. According to the industry distribution chart, Coinbase Global ranks #397 out of 501 companies in the Capital Markets industry, placing it in the top 79.2%.
Is Coinbase Global's Net Current Asset Value too high?
Coinbase Global's current Net Current Asset Value of CHF12.89 is 18% above median its 10-year median of 10.88. Over the past 10 years, this metric has ranged from a low of 3.75 to a high of 17.51. Based on the distribution chart, Coinbase Global ranks #397 out of 501 companies in the Capital Markets industry, which is in the bottom quartile relative to peers. Overall, Coinbase Global has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's Net Current Asset Value compare to MSCI and NDAQ?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #397 out of 501 companies for Net Current Asset Value. This places Coinbase Global in the lower half of its industry. The industry median Net Current Asset Value is 2.83. Historically, Coinbase Global's own Net Current Asset Value has ranged from 3.75 to 17.51 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Current Asset Value for a Capital Markets company?
The median Net Current Asset Value among Capital Markets companies is 2.83, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Net Current Asset Value significantly above this median, while those in the bottom quartile fall well below. However, Net Current Asset Value 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 Net Current Asset Value mean?
A high Net Current Asset Value can signal that a stock is expensive relative to its fundamentals. Ben Graham's net current asset value equals the per-share value of total current assets less total liabilities. View historical data on Coinbase Global and its competitors. For the Capital Markets industry, the median Net Current Asset Value is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coinbase Global's current Net Current Asset Value is CHF12.89, which is 18% above median its own 10-year median of 10.88. 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 Possible Value Trap. The stock's GF Value™ is CHF182.51, compared to a current price of CHF128.60 — trading 29.5% below its estimated fair value. The current Net Current Asset Value is CHF12.89, which is 18% above median its 10-year median of 10.88. Coinbase Global's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Current Asset Value calculated?
Net Current Asset Value is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current Net Current Asset Value is CHF12.89 as of Mar. 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 CHF128.60 is trading 29.5% below its estimated GF Value™ of CHF182.51.
GuruFocus considers Coinbase Global to be Possible Value Trap.
Key valuation signals for XSWX:COIN:
Net Current Asset Value: CHF12.89 (18% above median its 10-year median of 10.88)
GF Value™: CHF182.51 vs. price of CHF128.60 (29.5% below fair value)
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.
60GF Score
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