Coinbase Global Inc (COIN) is overvalued and Moody's Corp (MCO) is overvalued.
Both trade above our estimate of their intrinsic value. MCO is the closer of the two: -63%, against -159% for COIN.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 8.5% (average of 2 methods) values the shares at $77.60; the price of $201.07 is 159% above that value, and 77% of that value comes from beyond year five.
Leak Score 25/100 on 6 of 12 signals
Discounting its cash flows at 10.7% (average of 3 methods) values the shares at $287.91; the price of $469.25 is 63% above that value, and 71% of that value comes from beyond year five.
Leak Score 65/100 on 10 of 12 signals
| Metric | COIN | MCO |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $201.07 | $469.25 |
| Intrinsic value | $77.60 | $287.91 |
| Margin of safety | -159% | -63% |
| Leak Score | 25/100 (6/12) | 65/100 (10/12) |
| Market cap | $53.0B | $81.3B |
| Revenue growth, 5 years | 41.2% | 7.5% |
| Operating margin | -37.6% | 46.0% |
| Net margin | -20.6% | 34.3% |
| Return on equity | -7.8% | 80.2% |
| Debt to equity | 0.51 | 2.49 |
| P/E | — | 29.8x |
| Forward P/E | 78.2x | 24.8x |
| P/B | 4.1x | 26.9x |
| Dividend yield | — | 0.8% |