EN DE
Watch Sharplink Gaming Ltd for free: we tell you when fair value or trend changes.
Data-driven stock valuation

Sharplink Gaming Ltd (SBET) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Sharplink Gaming Ltd stock $6.12, price $6.02, upside +1.7%, quality 23 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

  1. Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free

Financial Services US

SG Sharplink Gaming Ltd logo Thin data Nov 10, 2026

Sharplink Gaming Ltd

SBET · US
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Positive coverage
Revenue last quarter +24% vs. a year ago.
Fair value $6.12 · Fairly valued
Expensive Growth (revenue YoY +666.0 %/yr in USD)
Mixed vs. peers (4/8)
Insiders sold $47.6M (6M)
Quality 23/100
Negative free cash flow
Narrow moat 9/100
Thin data
Estimate
Watch Sharplink Gaming Ltd for free: we tell you when fair value or trend changes. Watch for free

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

$818.40 $2.52 Fair Value $6.12 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range $2.52 – $818.40 · fair‑value band $4.59 – $7.65 · the $6.02 price screens below the $6.12 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 10, 2026.

Follow Sharplink Gaming in your weekly email

Every Wednesday you see whether Sharplink Gaming is on track or worth a review, plus price against fair value. Free, up to 3 stocks.

We send you a confirmation link. Unsubscribe with one click.

Which stocks are undervalued right now? Check free Discover now →

Company profile

Sharplink, Inc. engages in the digital asset treasury business in the United States and internationally. The company operates as an institutional-grade Ethereum treasury platform. It operates in two segments, Ether (ETH) Treasury Management and Affiliate Marketing.

Show moreShow less

The ETH Treasury Management segment focuses on the accumulation and active management of ETH as a long-term treasury asset. Its activities include native and liquid staking arrangements executed within a governance, custody, and risk management framework.

The Affiliate Marketing segment provides performance-based customer acquisition services to sportsbook and online casino gaming operators.

It also drives user traffic and player acquisition for licensed gaming operators through PAS.net, an international affiliate network, as well as a portfolio of U.S. state-specific digital properties.

The company was formerly known as SharpLink Gaming, Inc. and changed its name to Sharplink, Inc. in February 2026. The company was founded in 2019 and is headquartered in Miami, Florida.

Stock analysis

Sharplink Gaming Ltd (SBET) currently trades at $6.02, while our estimate is $6.12, so the stock looks roughly fairly valued today (gap 1.6%).

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: $4.59 (bear) to $7.65 (bull), the price of $6.02 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 23/100 (below-average quality), in the Financial Services sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Sharplink Gaming Ltd reported revenue of $28.1M in FY2025 versus $2.6M in FY2021, a compound +80.6%/yr. Reported net income was −$735M in FY2025.

Key figures

Market cap $1.3B Small · P/S ratio 25.7 · EPS (TTM) $−11.91 · Return on equity −40.6% · Return on assets (EBIT) −76.8% (5-year average) · Operating margin 5,604% · Revenue (TTM) $52.8M · Revenue growth (YoY) +24.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 50% below its 52-week high and 32% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 5% fair-value upside, at 2%, SBET screens richer than that median.

Fair Value

Bear $4.59 Fair Value $6.12 Bull $7.65
Price $6.02 · Upside +1.7%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 23/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 40
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 68
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 25
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 10
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Insider trades

In the last 6 months, one officer or director sold shares worth $47.6M and none bought.

  • SaleJoseph Michael LubinDirector5,676,952 shares at $8.39$47.6MOct 8, 2026
  • SaleRobert M GutkowskiDirector12,892 shares at $7.41$95,530May 12, 2026
  • SaleLeslie BernhardDirector12,892 shares at $7.41$95,530May 12, 2026
  • SaleObie McKenzieDirector12,892 shares at $7.41$95,530May 12, 2026
  • SaleRobert Michael DeLuciaChief Financial Officer2,848 shares at $6.21$17,686Mar 31, 2026

Plus 16 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.

Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.

Source: SEC Form 4, as of Nov 10, 2026. All filings at the SEC ↗

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−53.0% (2020) → −116.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

Watch SBET, get fair value alerts →

Earlier news

News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation. Positive
Recent news coverage is more positive than average.

Compare Sharplink Gaming Ltd with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Capital Markets · 454 stocks

Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 23 · Bottom 25%
Fair Value upside +1.7% · Above median
Profitability
Return on assets −30.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 24.1% · Above median
Balance sheet
Debt / equity 0.00× · Lowest 25%

Valuation Multiplesvs Capital Markets median · lower = cheaper

P/B 0.52× · Cheapest 25%
P/S (12 months) 23.91× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)36 · sector 31
FUTURE (revenue growth)100 · sector 56
PAST (return on equity)0 · sector 31
HEALTH (low debt)100 · sector 94
DIVIDEND (yield)0 · sector 45

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Capital Markets stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Morgan Stanley MS $190.61 $260.72 +37% vs SBET
The Charles Schwab Corporation SCHW $92.78 $117.60 +27% vs SBET
Guotai Haitong Securities Co 601211 ¥16.04 ¥18.02 +12% vs SBET
The Goldman Sachs Group GS $926.81 $1,009 +9% vs SBET
Nomura Holdings NMR $9.69 $10.15 +5% vs SBET
CITIC Securities Company 600030 ¥25.28 ¥20.42 −19% vs SBET
Macquarie Group MQG A$246.82 A$144.90 −41% vs SBET
Robinhood Markets, Inc HOOD $84.58 $47.60 −44% vs SBET
East Money Information Co 300059 ¥18.56 ¥6.72 −64% vs SBET
Interactive Brokers Group IBKR $82.49 $17.48 −79% vs SBET

Explore undervalued stocks

More undervalued Financial Services stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend StocksUndervalued 52-Week Low StocksStocks for 2027: Large Companies Below Fair Value

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screenerFilter by region, size and sector Compare toolTwo stocks side by side Average Down CalculatorFree calculator
Run the numbers yourself: free valuation calculators
DCF CalculatorP/E Ratio CalculatorPEG Ratio CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorIntrinsic ValueIntrinsic vs Extrinsic ValueP/E Ratio by Sector
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Sharplink Gaming Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sharplink Gaming Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SBET

Frequently asked questions

Is Sharplink Gaming Ltd (SBET) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is $6.12 versus a price of $6.02, about +2% upside (fairly valued).
What is the fair value of SBET?
Our estimate for Sharplink Gaming Ltd is $6.12 (as of Nov 10, 2026), built from audited fundamentals. The current price: $6.02.
What is the quality score of SBET?
Sharplink Gaming Ltd has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Sharplink Gaming Ltd (SBET)?
Our calculated price target is the estimate of $6.12 (as of Nov 10, 2026). Cautious scenario $4.59, optimistic scenario $7.65. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Sharplink Gaming Ltd stock forecast for 2026?
Our estimate puts fair value at $6.12, about +2% upside versus a price of $6.02 (fairly valued). Cautious scenario $4.59, optimistic scenario $7.65. The calculation is refreshed regularly with new filings.
What is the revenue of Sharplink Gaming Ltd (SBET)?
Sharplink Gaming Ltd reported trailing-twelve-month revenue of about $52.8M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Sharplink Gaming Ltd (SBET)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sharplink Gaming Ltd it is $6.12 per share (as of Nov 10, 2026), against a price of $6.02.
Is Sharplink Gaming Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SBET trades below its calculated fair value: price $6.02, fair value $6.12, a gap of about +2% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SBET?
No. The price is what the market pays today ($6.02); the fair value is what the company's own numbers justify ($6.12). For Sharplink Gaming Ltd the two are $0.1000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sharplink Gaming Ltd worth?
The market values Sharplink Gaming Ltd at about $1.3B (market capitalisation, as of Nov 10, 2026). Per share that is $6.02; our models calculate a fair value of $6.12 per share.
What do the bullish and bearish scenarios say about SBET?
Our models span a range for Sharplink Gaming Ltd: cautious scenario $4.59, base $6.12, optimistic $7.65 per share (as of Nov 10, 2026, price $6.02). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Sharplink Gaming Ltd (SBET)?
Balance-sheet figures for Sharplink Gaming Ltd (as of Nov 10, 2026): return on equity −40.6%, debt of 0.00 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is SBET from its 52-week high?
Sharplink Gaming Ltd trades at $6.02, about 50% below its 52-week high of $12.02 and 32% above the low of $4.56 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of $6.12 is for.
Which stocks are comparable to Sharplink Gaming Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Sharplink Gaming Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price $6.02, calculated fair value $6.12 (+2%), Quality Score 23/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Sharplink Gaming Ltd currently trades 2% below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Sharplink Gaming Ltd (SBET)?
The closing price on Nov 11, 2026 was $6.02. Our estimate is $6.12, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sharplink Gaming Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of Sharplink Gaming Ltd

How large is the market capitalisation of Sharplink Gaming Ltd (SBET)?
The market capitalisation of Sharplink Gaming Ltd is $1.3B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Sharplink Gaming Ltd (SBET)?
The price-to-sales ratio of Sharplink Gaming Ltd is 25.7 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Sharplink Gaming Ltd (SBET)?
Earnings per share at Sharplink Gaming Ltd are $−11.91. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Sharplink Gaming Ltd (SBET)?
The return on equity (ROE) of Sharplink Gaming Ltd is −40.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Sharplink Gaming Ltd (SBET)?
On an EBIT basis the return on assets of Sharplink Gaming Ltd is −76.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Sharplink Gaming Ltd (SBET)?
The operating margin of Sharplink Gaming Ltd is 5,604% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Sharplink Gaming Ltd (SBET)?
Revenue at Sharplink Gaming Ltd is growing +24.1% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Sharplink Gaming Ltd (SBET)?
Earnings per share at Sharplink Gaming Ltd are growing +456% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Sharplink Gaming Ltd (SBET) generate?
The free cash flow of Sharplink Gaming Ltd is −$17.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Sharplink Gaming Ltd (SBET) hold?
Sharplink Gaming Ltd holds more cash than debt, $28.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed

Watch Sharplink Gaming Ltd in the live analysis

One click puts Sharplink Gaming Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.