COINNEUTRAL

EV/EBITDA

30.8x

Higher than 93% of Financial Services sector peers

Updated 334h ago

Sector Performance

93th percentile

COIN

30.8x

Sector Median

15.1x

Sector Avg

16.7x

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Deep Analysis

The current EV/EBITDA of 30.8x means that for every dollar of earnings before interest, taxes, depreciation, and amortization (EBITDA), the market values Coinbase at roughly $30.80, including its debt.

This is nearly double the sector median of 16.2x, placing Coinbase in the 93rd percentile among its Financial Services peers — meaning it trades at a higher valuation than 93% of comparable companies. Year-over-year and quarter-over-quarter changes are not available, so no trend can be inferred. The combination of a very elevated valuation with no trend data suggests a high entry price but no clear momentum to gauge whether that premium is expanding or contracting. This creates a risk that any earnings disappointment could lead to a sharp revaluation, while an opportunity requires the company to consistently outperform to justify the multiple. The high EV/EBITDA and strong peer comparison do not directly contradict the NEUTRAL verdict, but they do highlight that the stock’s current price already reflects elevated expectations, which limits upside potential without sustained execution.

Frequently Asked Questions

What does the EV/EBITDA tell investors about COIN?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

How does COIN's EV/EBITDA compare to its sector?

COIN's EV/EBITDA of 30.8x compares to a Financial Services sector median of 15.1x, placing it in the 93th percentile.

Who are COIN's closest peers by EV/EBITDA?

The closest Financial Services peers by EV/EBITDA include: PFG (11.6x), PNC (11.6x), PRU (11.1x), AFL (11.0x), OWL (11.0x).

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.