COIN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	47.33B EUR	38.56B EUR	45.99B EUR	60.57B EUR
Enterprise Value	43.26B EUR	36.62B EUR	43.75B EUR	57.11B EUR
Valuation Multiples
Trailing P/E	--	--	57.45x	50.7x
Forward P/E	58.82x	--	--	--
Price to Sales	7.83x	6.14x	7.01x	11.77x
Price to Book	3.62x	2.95x	3.41x	4.09x
EV/Revenue	7.16x	5.83x	6.67x	11.1x
EV/EBITDA	61.84x	36.42x	43.86x	63.39x
Price to FCF (P/FCF)	17.74x	22.5x	26.19x	38.49x
EV/FCF	16.21x	21.37x	24.91x	36.29x
FCF Yield	5.64%	4.44%	3.82%	2.6%