Using the industry peer median P/E multiple (trailing + forward), Coinbase Global, Inc. (COIN) has a fair value of $98.72 based on 4 comparable companies in the Financial - Data & Stock Exchanges industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Coinbase Global, Inc.COIN | 49,878 | 39.0x | 50.5x |
| CME Group Inc.CME | 107,954 | 26.9x | 24.9x |
| Intercontinental Exchange, Inc.ICE | 89,170 | 27.1x | 20.3x |
| Moody's CorporationMCO | 76,817 | 31.7x | 25.9x |
| Aon plcAON | 69,600 | 19.0x | 21.0x |
| Industry Median | 27.0x | 22.9x | |
| (*) Profit after tax | 1,260 | 988 | |
| Equity Value | 34,036 | 22,671 | |
| (/) Outstanding shares | 287 | 287 | |
| Fair Price | $119 | $79 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.