A strong performer from today's morning trading session is Coinbase Global, whose shares rose 7.11% to $63.15 per share. For those of you thinking about investing in the stock, here is a brief value analysis of the stock using the company's basic fundamental ratios.
Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company belongs to the Financial Services sector, which has an average price to earnings (P/E) ratio of 14.34 and an average price to book (P/B) ratio of 1.57. In contrast, Coinbase Global has a trailing 12 month P/E ratio of 6.46 and a P/B ratio of 1.623.
Coinbase Global's PEG ratio is 1.53, which shows that the stock is probably overvalued in terms of its estimated growth. For reference, a PEG ratio near or below 1 is a potential signal that a company is undervalued.