Coinbase GlobalXSWX:COIN +0.19%60 PB Ratio is 3.32 as of Jul. 05, 2026, which is 35% below its 10-year median of 5.10. GuruFocus rates XSWX:COIN with a GF Score™ of 60/100 and a GF Value™ of CHF194.58 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 780 Capital Markets companies, Coinbase Global ranks worse than 77.56% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-07-05), Coinbase Global's share price is CHF133.68. Coinbase Global's Book Value per Share for the quarter that ended in Mar. 2026 was CHF40.29. Hence, Coinbase Global's PB Ratio of today is 3.32.
Good Sign:
Coinbase Global Inc stock PB Ratio (=3.23) is close to 2-year low of 2.91.
The historical rank and industry rank for Coinbase Global's PB Ratio or its related term are showing as below:
XSWX:COIN'
s PB Ratio Range Over the Past 10 Years
Min: 1.41 Med: 5.1 Max: 29.56
Current: 3.23
During the past 7 years, Coinbase Global's highest PB Ratio was 29.56. The lowest was 1.41. And the median was 5.10.
XSWX:COIN's PB Ratio is ranked worse than 77.56% of 780
companies
in the Capital Markets industry
Industry Median: 1.35
vs XSWX:COIN: 3.23
During the past 12 months, Coinbase Global's average Book Value Per Share Growth Rate was 24.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 32.70% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 44.50% per year.
During the past 7 years, the highest 3-Year average Book Value Per Share Growth Rate of Coinbase Global was 106.80% per year. The lowest was 11.30% per year. And the median was 51.90% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Coinbase Global PB Ratio Related Terms
Coinbase Global PB Ratio Historical Data
* Premium members only.
The historical data trend for Coinbase Global's PB 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.
XSWX:COIN vs MSCI, NDAQ, CBOE: PB Ratio Comparison
For the Financial Data & Stock Exchanges subindustry, Coinbase Global's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Coinbase Global's PB Ratio distribution charts can be found below:
* The bar in red indicates where Coinbase Global's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Coinbase Global's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Coinbase Global (XSWX:COIN) has a PB Ratio of 3.32 as of Jul. 05, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Coinbase Global and its competitors. This is 35% below median its historical median of 5.10. Over the past decade, Coinbase Global's PB Ratio has ranged from 1.41 to 29.56. According to the industry distribution chart, Coinbase Global ranks #605 out of 780 companies in the Capital Markets industry, placing it in the top 77.6%.
Is Coinbase Global's PB Ratio too high?
Coinbase Global's current PB Ratio of 3.32 is 35% below median its 10-year median of 5.10. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 29.56. The Capital Markets industry median PB Ratio is 1.35. Coinbase Global's value of 3.32 is 145.9% above this industry median. Based on the distribution chart, Coinbase Global ranks #605 out of 780 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 Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Coinbase Global's PB Ratio compare to MSCI and NDAQ?
According to the Capital Markets industry distribution chart, Coinbase Global ranks #605 out of 780 companies for PB Ratio. This places Coinbase Global in the lower half of its industry. The industry median PB Ratio is 1.35. Coinbase Global's value of 3.32 is 145.9% above this benchmark. Historically, Coinbase Global's own PB Ratio has ranged from 1.41 to 29.56 over the past decade. While the company's 10-year median is 5.10 vs. the industry median of 1.35, Coinbase Global has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Capital Markets company?
The median PB Ratio among Capital Markets companies is 1.35, based on 780 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Coinbase Global's current PB Ratio of 3.32 is 145.9% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Coinbase Global and its competitors. For the Capital Markets industry, the median PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Coinbase Global's current PB Ratio is 3.32, which is 35% below median its own 10-year median of 5.10. 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 CHF194.58, compared to a current price of CHF133.68 — trading 31.3% below its estimated fair value. The current PB Ratio is 3.32, which is 35% below median its 10-year median of 5.10 and 145.9% above the Capital Markets industry median of 1.35. 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 PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Coinbase Global (XSWX:COIN), the current PB Ratio is 3.32 as of Jul. 05, 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 CHF133.68 is trading 31.3% below its estimated GF Value™ of CHF194.58.
GuruFocus considers Coinbase Global to be Modestly Undervalued.
Key valuation signals for XSWX:COIN:
PB Ratio: 3.32 (35% below median its 10-year median of 5.10)
GF Value™: CHF194.58 vs. price of CHF133.68 (31.3% below fair value)
Industry Position: 145.9% above the Capital Markets median (#605 of 780)
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.
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