SharpLink Gaming (SBET) has quietly turned into a curious mix of sports betting affiliate marketing and Ethereum staking, and that blend is starting to matter more as investors reassess its recent share performance.
See our latest analysis for SharpLink Gaming.
At today’s $10.72 share price, SharpLink’s year to date share price return of 32.68% contrasts sharply with a 3 year total shareholder return of negative 75.19%. This hints that recent momentum may be more of a speculative reset than a durable rerating.
If SharpLink’s mix of sports betting and crypto aligned yield has your attention, it could be worth broadening your search and discovering fast growing stocks with high insider ownership.
With revenue nearly doubling yet profits still elusive and the share price far below analyst targets, has SharpLink quietly become a mispriced growth story, or is the recent rebound simply markets fairly valuing its future potential?
On a price to book basis, SharpLink’s 0.7x multiple at a $10.72 share price screens as undervalued versus both its hospitality peers and our own fair value work.
The price to book ratio compares a company’s market value to the net assets on its balance sheet and is often used for asset light, service based or financially cyclical businesses. For SharpLink, trading below its book value suggests investors are placing a discount on its equity despite rapid top line growth and expectations for future profitability.
Compared with the wider US hospitality industry average of 2.6x and a peer group closer to 5.3x, SharpLink’s 0.7x price to book signals a steep valuation gap. If its execution in affiliate marketing and Ethereum staking even partially matches the forecast growth profile, there is room for the multiple to move meaningfully closer to sector norms.
See what the numbers say about this price — find out in our valuation breakdown.
Result: Price-to-book of 0.7x (UNDERVALUED)
However, lingering losses and heavy reliance on volatile Ethereum staking economics could quickly undermine today’s apparent discount if sentiment or regulation were to turn.
Find out about the key risks to this SharpLink Gaming narrative.
Our DCF model values SharpLink at $13.86 per share, around 22.7% above the current $10.72 price, which also points to undervaluation. However, DCFs depend heavily on long term growth and profitability assumptions. This raises the question: is the discount a genuine opportunity, or is it simply compensation for execution risk?