Coinbase Global (WBO:COIN) Price-to-Tangible-Book : 10.75 (As of Apr. 26, 2024)

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What is Coinbase Global Price-to-Tangible-Book?

As of today (2024-04-26), Coinbase Global's share price is €205.90. Coinbase Global's Tangible Book per Share of Dec. 2023 for the quarter that ended in Dec. 2023 was €19.15. Hence, Coinbase Global's Price to Tangible Book Ratio of today is 10.75.

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

WBO:COIN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.92 Med: 8.33 Max: 10.74
Current: 10.23

During the past 5 years, Coinbase Global's highest Price to Tangible Book Ratio was 10.74. The lowest was 1.92. And the median was 8.33.

WBO:COIN's Price-to-Tangible-Book is ranked worse than
93.48% of 721 companies
in the Capital Markets industry
Industry Median: 1.34 vs WBO:COIN: 10.23

A closely related ratio is called PB Ratio. As of today, Coinbase Global's share price is €205.90. Coinbase Global's Book Value per Sharefor the quarter that ended in Dec. 2023 was €23.80. Hence, Coinbase Global's P/B Ratio of today is 8.65.

Coinbase Global Price-to-Tangible-Book Historical Data

The historical data trend for Coinbase Global's Price-to-Tangible-Book 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.

* Premium members only.

Coinbase Global Price-to-Tangible-Book Chart

Coinbase Global Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Price-to-Tangible-Book

9.89

1.84

8.83

Coinbase Global Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Price-to-Tangible-Book	Get a 7-Day Free Trial												1.84	3.57	3.67	3.87	8.83

Competitive Comparison of Coinbase Global's Price-to-Tangible-Book

For the Financial Data & Stock Exchanges subindustry, Coinbase Global's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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's Price-to-Tangible-Book Distribution in the Capital Markets Industry

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

* The bar in red indicates where Coinbase Global's Price-to-Tangible-Book falls into.

Coinbase Global Price-to-Tangible-Book Calculation

Coinbase Global's price-to-tangible-book ratio for today is calculated as:

Price to Tangible Book	=	Share Price	/	Tangible Book per Share (Q: Dec. 2023 )
	=	205.90	/	19.153
	=	10.75

It can also be calculated from the numbers for the whole company:

Price to Tangible Book	=	Market Cap	/	Tangible Equity
	=	Market Cap	/	(Total Stockholders Equity	-	Preferred Stock	-	Intangible Assets)

A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.

Be Aware

Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.

Coinbase Global Price-to-Tangible-Book Related Terms

Thank you for viewing the detailed overview of Coinbase Global's Price-to-Tangible-Book provided by GuruFocus.com. Please click on the following links to see related term pages.

Coinbase Global (WBO:COIN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Coinbase Global Inc (WBO:COIN) » Definitions » Price-to-Tangible-Book

Comparable Companies

Traded in Other Exchanges

COIN:USA COIN:Mexico 1QZ:Germany C2OI34:Brazil

Address

c/o The Corporation Trust Company, 1209 Orange Street, Wilmington, DE, USA, 19801

Website

https://www.coinbase.com

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.