Ethereum Valuation Tool Shows 58% Upside Potential, Says Hashed CEO
Ethereum is currently trading below its estimated intrinsic value, as shown by Hashed CEO Simon Kim's valuation dashboard, ETHval. The spot price is $3,034, while the composite fair value is $4,777.5, indicating a potential 57.8% upside. The median fair value across models is $4,026.68, suggesting Ethereum is undervalued by 33.8%. The dashboard aggregates eight models into five buy signals, one hold, and two sell signals.
Valuation Models Overview
- The TVL Multiple model values Ethereum at $4,026.6, showing it as 32.7% undervalued.
- The MC/TVL Fair Value model suggests a fair value of $3,453.1, 13.8% above the current spot price.
- DCF (Staking) framework values Ethereum at $9,101.9, indicating it is 200.0% undervalued.
- Metcalfe’s Law model estimates a fair value of $9,585.9, or 216.8% above the current price.
- The Ethereum L2 ecosystem model suggests a fair value of $4,640.0, implying 52.9% undervaluation.
- A Staking Scarcity model prices Ethereum at $3,538.2, marking it as 16.6% undervalued.
- P/E Ratio (25×) model sees Ethereum as overvalued at $957.4.
- Revenue Yield model outputs a fair value of $1,531.8, indicating 49.5% overvaluation.
The composite fair value of $4,780.7 is calculated using a weighting scheme that favors high-reliability models. Despite mixed signals from different models, the overall assessment is that Ethereum is strongly undervalued. ETHval emphasizes these figures are for reference and based on debatable assumptions.
As of the latest update, Ethereum trades at $3,029.
