Coinbase Global, Inc. Ratios | P/E, ROE & Valuation

On the Key Ratios page for Coinbase Global, Inc. (COIN), the latest P/E of 48.0 frames valuation, while ROE 5.68% and ROIC 0.10% indicates profitability and capital efficiency. Together with the current ratio of 2.14 and debt-to-equity 0.59, these signals help you judge whether valuation is supported by fundamentals across the historical rows.

Financial Performance Ratios

COIN Historical Per Share Metrics

7 years
Metric (FY)TTM202420232022202120202019
Revenue per Share$21.95$26.53$13.18$14.37$44.21$6.87$8.08
Net Income per Share$3.02$10.43$0.40$-11.81$20.44$1.73$-0.46
Operating Cash Flow per Share$10.54$10.34$3.91$-7.13$22.77$16.15$-1.22
Free Cash Flow per Share$10.54$10.34$3.91$-7.13$22.31$16.05$-1.83
Cash per Share$40.35$38.60$23.43$23.78$40.74$5.97$9.64
Book Value per Share$50.91$41.54$26.64$24.54$35.99$5.18$7.52
Tangible Book Value per Share$29.86$36.75$21.44$19.10$31.46$2.74$5.63
Interest Debt per Share$30.41$19.04$13.05$16.10$19.97$2.04$1.97
CAPEX per Share$0.00$0.00$0.00$0.01$0.47$0.10$0.61

COIN Historical Valuation Ratios

7 years
Metric (FY)TTM202420232022202120202019
Price to Earnings (P/E)48.0523.82432.27-312.35189.43-714
Price to Book (P/B)3.095.986.531.447.0163.3643.65
Price to Sales (P/S)7.129.3613.192.465.7147.7940.65
Enterprise Value to EBITDA30.9318.25267-2.4613.19137.24-1133.91
EV to Sales6.748.7612.52.175.2547.2639.87
EV to Operating Cash Flow14.0222.4942.11-4.3710.1920.1-264.01
EV to Free Cash Flow14.0222.4942.11-4.3710.420.22-175.75
Enterprise Value$39.15B$57.51B$38.86B$6.93B$41.14B$60.37B$21.28B

COIN Historical Profitability Ratios

7 years
Metric (FY)TTM202420232022202120202019
Return on Equity (ROE)5.68%25.10%1.51%-48.12%56.79%33.45%-6.11%
Return on Invested Capital (ROIC)0.10%13.56%2.15%-25.90%37.18%16.91%-2.57%
Return on Tangible Assets3.44%12.08%0.70%-2.97%17.70%5.97%-1.34%
Earnings Yield1.92%4.20%0.23%-33.36%8.10%0.53%-0.14%
Free Cash Flow Yield6.74%4.16%2.25%-20.15%8.84%4.89%-0.56%
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%

COIN Historical Liquidity & Financial Strength

7 years
Metric (FY)TTM202420232022202120202019
Current Ratio2.142.282.071.071.611.211.62
Interest Coverage0.2928.61-1.95-30.49105.5100
Income Quality3.490.999.730.61.119.322.65
Debt to Equity0.590.450.480.640.550.390.26
Debt to Assets27.61%20.54%20.30%3.89%16.50%6.47%5.45%
Net Debt to EBITDA-1.77-1.24-14.730.33-1.16-1.5522.31

COIN Historical Efficiency Ratios

7 years
Metric (FY)TTM202420232022202120202019
Receivables Turnover3.217.174.936.8721.426.745.82
Payables Turnover12.4626.1828.911.2443.6511.2613.81
Inventory Turnover0000000
Days Sales Outstanding113.7750.8874.153.1117.0454.1462.69
Days Payables Outstanding29.313.9412.6332.488.3632.426.42
Days of Inventory on Hand0000000

COIN Historical Market Metrics

7 years
Metric (FY)TTM202420232022202120202019
Enterprise Value to EBITDA30.9318.25267-2.4613.19137.24-1133.91
Market Cap$41.39B$61.42B$41.01B$7.87B$44.75B$61.06B$21.70B
Enterprise Value$39.15B$57.51B$38.86B$6.93B$41.14B$60.37B$21.28B
Dividend Yield0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Payout Ratio0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

Is Coinbase Global, Inc. stock overvalued based on its P/E ratio?

On this page, COIN's current P/E is 48.0, compared with a multi-year average around 141.2. A lower P/E versus its own history is often interpreted as relatively cheaper valuation (all else equal). In practice, the "why" matters: check whether the lower multiple is supported by profitability and earnings quality (for example, ROE/ROIC and income quality in the table), or whether it reflects weaker fundamentals.

What is Coinbase Global, Inc. market cap?

Market cap is the market value of a company's equity and is commonly calculated as share price multiplied by shares outstanding. The latest market cap shown in the table is $41.39B. Pair market cap with valuation multiples (P/E, P/B, P/S) so you can evaluate whether size also corresponds with "quality" and profitability. For a wider view across stocks, you can also use the stock screener.

What is a good P/E ratio for Coinbase Global, Inc. compared to its industry?

There isn't one universal "good" P/E - P/E should be judged against the business model and expected growth for its sector. A practical approach is: (1) compare the P/E on this page to Coinbase Global, Inc.'s own historical range (shown across the table's rows), and (2) benchmark against peer companies using the Screener's P/E filters and the Peers Comparison/Compare tools. If profitability (ROE/ROIC) and cash-flow strength are improving, a higher P/E can be more defensible; if returns are slipping, even a lower P/E may be a value trap.

How does Coinbase Global, Inc. compare to its competitors in key financial ratios?

The fastest way to compare Coinbase Global, Inc. with competitors is to use the built-in "Peers Comparison" section on this page and the Compare tool. Focus on a small set of ratios that work together: P/E for valuation, ROE/ROIC for profitability and capital efficiency, current ratio and interest coverage for liquidity and solvency, and debt-to-equity for leverage risk. When you see Coinbase Global, Inc. outperform peers on profitability while keeping valuation and leverage reasonable, it often signals stronger fundamentals.

Is Coinbase Global, Inc. financially strong based on its ratios?

To assess whether Coinbase Global, Inc. is financially strong, review both profitability and balance-sheet risk together. Current ratio is about 2.14, which is above 1.0 and can indicate more comfortable short-term liquidity. Interest coverage is about 0.29, implying less buffer for servicing interest costs. Debt-to-equity is about 0.59, suggesting leverage is more moderate relative to a high-debt profile. Then confirm the same story is supported by ROE/ROIC (quality of earnings) and by cash-flow backed metrics in the table.

What do Coinbase Global, Inc.'s financial ratios say about its future growth?

Ratios are a way to see what the business is likely to sustain. Look for upward trends in profitability metrics (ROE and ROIC), improving earnings/cash-flow backed measures, and stable or strengthening liquidity. If Coinbase Global, Inc. is sustaining strong returns (for example ROE at 5.68% and ROIC at 0.10%) while debt levels and interest coverage remain manageable, growth expectations may be more credible. If valuation multiples expand while returns weaken, the market may be pricing optimistic growth ahead of results.