Coinbase (COIN) - P/B ratio

P/B ratio as of February 2026 : 2.95

According to Coinbase's latest financial reports the company has a price-to-book ratio of 5.6952.
The price-to-book ratio is a way to measure how much the stock market thinks a company is worth compared to how much the company says its assets are worth on paper.

Coinbase - P/B ratio (from 2021 to 2025)

P/B ratio by year

Year	P/B ratio	Change
2025-12-31	3.98	-38.5%
2024-12-31	6.47	-2.28%
2023-12-31	6.62	289.82%
2022-12-31	1.70	-80.03%
2021-12-31	8.51
2020-12-31	N/A

P/B ratio for similar companies or competitors

Company	P/B ratio	P/B ratio differencediff.	Country
Intercontinental Exchange ICE	3.06	3.45%	🇺🇸 USA
Nasdaq NDAQ	3.79	28.19%	🇺🇸 USA

What is the market capitalization of a company?

The market capitalization sometimes referred as Marketcap, is the value of a publicly listed company.
In most cases it can be easily calculated by multiplying the share price with the amount of outstanding shares.

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