Circle Internet Group (CRCL) is a publicly traded company in the Financial Services — Financial - Capital Markets industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Circle Internet Group, Inc. establishes and maintains the core infrastructure for stablecoin and blockchain-based applications, functioning as a foundational platform and network for this innovative financial technology. The company offers an extensive array of stablecoin products and services, empowering organizations to harness the benefits of digital currencies and the evolving internet-driven financial ecosystem.
Is Circle Internet Group stock overvalued or undervalued in 2026?
Circle Internet Group (CRCL) trades at 38.6× earnings (P/E), against a median of 12.9× across the 321 financial services companies above $2bn in Kaplio's universe. Earnings per share over the last twelve months ($1.88) include about $0.44 of gains from outside the business; without them, they would be around $1.44, and the consensus expects $1.37 for 2027. That is why this range uses expected earnings. No valuation verdict: its last-twelve-month earnings are inflated by a one-off, so its P/E looks lower than it is.
Kaplio overview: Circle Internet Group
Market cap $18B · 52 weeks $50 – $133 (45 % below the high) · P/E 38.6× · 2027 est. P/E 53.0× · Dividend none · Next earnings November 4, 2026 · expected EPS $0.37 · Closing price, Oct 30 · accounts published Aug 5.
- Valuation: P/E 38.6× (no verdict).
- Business: ROE 13.6 % (fair).
- Balance sheet: Debt/Equity 0.01 (solid).
- Earnings: 4 of 5 (uneven).
What would it be worth at its usual multiples?
No valuation verdict: its last-twelve-month earnings are inflated by a one-off, so its P/E looks lower than it is.
Earnings per share over the last twelve months ($1.88) include about $0.44 of gains from outside the business; without them, they would be around $1.44, and the consensus expects $1.37 for 2027. That is why this range uses expected earnings.
Why is Circle Internet Group's P/E so low?
Circle Internet Group trades at a P/E of 38.6× on reported earnings, but over the last 12 months 41 % of its pre-tax income ($164M) came from outside the business, such as revaluations or sales of stakes in other companies. It is real money, but it doesn't repeat every year. Without that part, its P/E would be about 50.5×. On analysts' expected earnings for 2027, its P/E is 53.0×. Kaplio's calculation from the official quarterly accounts filed up to the quarter ended June 30, 2026.
| Quarter ended | From the business | Outside the business | Net income |
|---|---|---|---|
| September 30, 2025 | $81.0M | $72.1M | $214M |
| December 31, 2025 | $56.6M | $83.6M | $133M |
| March 31, 2026 | $55.0M | $1.7M | $55.3M |
| June 30, 2026 | $45.9M | $6.4M | $48.2M |
What matters in financial services: 2 of 4 pass
- Operating margin −3.3 %, fails.
- ROE 13.6 %, borderline.
- 5y revenue growth 100.7 %, passes.
- Debt / Equity 0.01, passes.
Against its peers (reference peers) — Circle Internet Group: P/E 38.6×; EV/EBITDA 48.5×; ROIC 6.7 %; $18.4B. Galaxy Digital (P/E —; EV/EBITDA 49.6×; ROIC 2.5 %; $5.3B), Figure Technology Solutions, Inc. Class A Common Stock (P/E 27.0×; EV/EBITDA 14.7×; ROIC 9.1 %; $4.0B), LPL Financial Holdings Inc. (P/E 16.3×; EV/EBITDA 9.1×; ROIC 11.9 %; $22.3B).
Profitability
| Return on Equity | 13.58% |
| Return on Invested Capital | 6.69% |
| Return on Assets | 0.58% |
| Gross Margin | 20.05% |
| Operating Margin | 8.21% |
| Net Margin | 15.53% |
Financial Health
| Debt / Equity | 0.00 |
| Current Ratio | 1.03 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 0.20 |
Price Performance
| 1 month | -10.72% |
| 3 months | +14.69% |
| Year-to-date | -8.52% |
| 1 year | -42.87% |
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Explore sector: Financial Services · Financial - Capital Markets
More sections of CRCL: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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