Using the PEG framework with analyst consensus forward EPS growth of 8.0%, Coinbase Global, Inc. has a fair value of $27.52 based on NTM EPS (FY2026) of $3.44.
| EPS Growth RateForward | -15.0% |
| Adjusted Growth (clamped 8–25%)Clamped | 8.0% |
| Fair P/E | 8.0x |
| NTM EPS (FY2026) | $3.44 |
| Fair Value | $27.52 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $4.45 | — | — |
| FY2026E | $3.44 | -22.7% | 22 |
| FY2027E | $5.55 | +61.3% | 20 |
| FY2028E | $6.67 | +20.3% | 7 |
| FY2029E | $6.82 | +2.1% | 3 |
| FY2030E | $1.97 | -71.1% | 6 |
5Y Forward EPS CAGR: -15.0%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.
| Year | Net Income | EPS | YoY |
|---|
| FY2021 | $3.6B | $14.50 | — |
| FY2022 | $-2.6B | $-11.83 | -181.6% |
| FY2023 | $94.9M | $0.37 | — |
| FY2024 | $2.6B | $9.48 | +2462.2% |
| FY2025 | $1.3B | $4.45 | -53.1% |
4Y Historical EPS CAGR: -25.6%