Company Valuation: Circle Internet Group, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2025 2026 2027 2028
Market Cap 1 18,673 18,178 - -
Change - -2.65% - -
Enterprise Value (EV) 1 17,184 15,593 15,262 14,701
Change - -9.26% -2.12% -3.67%
P/E -180x 67.6x 51.4x 33.6x
PBR 5.77x 5.27x 4.89x 3.79x
PEG 1x -0x 1.6x 0.6x
Capitalization / Revenue 6.8x 6.05x 4.89x 3.92x
EV / Revenue 6.26x 5.19x 4.1x 3.17x
EV / EBITDA 29.5x 22.2x 18.9x 12.9x
EV / EBIT -178x 52.3x 35.4x 21.3x
EV / FCF 36.3x 25.4x 24.3x 17.4x
FCF Yield 2.76% 3.94% 4.11% 5.76%
Dividend per Share 2 - - - -
Rate of return - - - -
EPS 2 -0.44 1.059 1.393 2.129
Distribution rate - - - -
Net sales 1 2,747 3,007 3,719 4,631
EBITDA 1 582.2 702.8 808.9 1,141
EBIT 1 -96.44 298.2 431.7 689.5
Net income 1 -69.51 282.8 367.9 570.5
Net Debt 1 -1,489 -2,585 -2,916 -3,476
Reference price 2 79.30 71.60 71.60 71.60
Nbr of stocks (in thousands) 2,35,476 2,53,876 - -
Announcement Date 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
21.74x4.37x10.34x1.38% 9.46TCr
46.2x15.53x29.12x-.--% 8.59TCr
27.62x8.83x17x-.--% 3.88TCr
63.27x5.77x20.09x-.--% 2.62TCr
41.58x21.71x35.5x2.01% 2.57TCr
6.35x3.03x7.19x4.19% 2.21TCr
7.81x - - 8.08% 1.88TCr
67.6x5.19x22.19x-.--% 1.82TCr
12.26x-0.35x-0.61x-.--% 1.48TCr
Average 32.71x 8.01x 17.60x 1.74% 3.83TCr
Weighted average by Cap. 33.39x 9.06x 18.79x 1.24%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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