It's not. But it doesn't have to be sustainable to justify the current valuation... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		solveit on April 15, 2021 \| parent \| context \| favorite \| on: Coinbase from YC to DPO It's not. But it doesn't have to be sustainable to justify the current valuation. Indeed if it were sustainable, Coinbase would be worth many many times what it is now.

FabHK on April 15, 2021 [–]

What P/E ratio do you calculate with? IIRC, a normal valuation (not predicated on growth) would value it at a quarter of what it is now.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact