Grayscale: HYPE Still Underestimated, Forward Price-to-Earnings Ratio Around 15-18x

BlockBeats News, July 29th, Grayscale stated in a post that HYPE's forward price-to-earnings ratio is about 15-18 times. Hyperliquid has real cash flow, so it can be valued like a stock, but the valuation is based on the earnings per token rather than earnings per share. Based on this, compared to fintech peers such as Coinbase, Robinhood, and Circle, it still appears to be priced inexpensively.

According to HTX market data, HYPE is currently trading at $55.