CRCL · Intrinsic value
Is Circle Internet Group (CRCL) overvalued or undervalued?
As of Oct 19, 2026, TickerWorth publishes a fair-value range of $31.24 – $31.24 for Circle Internet Group (CRCL), against the delayed market price of $81.65: priced above our range. It is a range, not a single number, so we do not call it over- or undervalued. It is a model estimate, and every input behind it is sourced below.
Model by Miraaj Patel · generated from market data · Updated Oct 19, 2026 · How these pages are made
What is CRCL worth?
- Fair-value range
- $31.24 – $31.24
- Market price
- $81.65
- Gap to fair value
- —
- Verdict
- Priced above our range
Reverse DCF: Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast.
What is CRCL's TickerWorth Score?
Scores lower than almost every company we compare it with
Compared with Financial Services companies in US
Its strongest point: strong balance sheet. Its weakest: looks expensive on the numbers.
- Value · 13 of 100
Cheaper than 13% of Financial Services companies in US
- Price vs worth · 1 of 100
- Quality · 27 of 100
More profitable than 27% of Financial Services companies in US
- Financial health · 73 of 100
Financially stronger than 73% of Financial Services companies in US
- Growth · 23 of 100
Growing faster than 23% of Financial Services companies in US
- Momentum · 13 of 100
Outperformed 13% of Financial Services companies in US over the past year
Confidence: Medium confidence · Scored
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Why CRCL gets a range, not one number
At a recent price of $81.65, Circle Internet Group (CRCL) sits above every lens we ran: our valuation lenses put the business somewhere between $31.24 and $31.24 per share. They disagree too widely for us to state a single fair value. We publish the range rather than a midpoint because a number that precise would claim more than the methods can support. This is an educational model, not a price target or a recommendation.
Read the full reasoning
The valuation discounts Circle Internet Group's projected free cash flows at a weighted-average cost of capital (WACC) of 10.3%, with a long-run terminal growth rate of 2.5%. About 70% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.
Running the DCF in reverse — solving for the growth the current price already assumes — CRCL would need sustained revenue growth of more than 25%/yr to justify today's price, against about 5.3% a year compounded in our base case. We don't quote a precise figure here, because past about 25% a year the reverse-DCF stops being informative: it solves for revenue growth alone, holding margins, capital intensity and the forecast horizon fixed, so a price well above our fair value has nowhere to go but growth. The honest reading is that the price implies growth this model can't reconcile — not that we forecast it.
Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, CRCL's modeled DCF value ranges from about $12.84 to $17.44 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.
How to read this page: the DCF fair value is what Circle Internet Group would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of CRCL's intrinsic value. Figures update as new filings and prices come in.
Every input behind CRCL's DCF
| Input | Value |
|---|---|
| Base-year revenueLive feed — totalRevenue (TTM) | $2,905,440,000 |
| Base EBIT marginComputed — trailing operatingMargins, held roughly flat | 4.9% |
| Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast | 7% → 6% → 5% → 5% → 4% |
| Risk-free rateLive feed — US 10-year Treasury yield (^TNX) | 5.1% |
| BetaLive feed — yfinance, 5-year monthly beta vs the S&P 500 (clamped to 0.4–2.5) | 1.10 |
| Terminal growthESTIMATEAssumption — TickerWorth house default 2.5%, held below WACC | 2.5% |
| Diluted sharesLive feed — sharesOutstanding | 235M |
| Market priceDelayed quote · as of 2026-10-19 18:38 UTC | $81.65 |
Change CRCL's assumptions
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What does Circle Internet Group do?
What does it do?
Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications. It operates in the Capital Markets industry (Financial Services sector), headquartered in United States. The company employs roughly 1,100 people.
How does it make money?
The business turns $110M in annual revenue into profit. Out of every $100 of sales, about $5 is left as operating profit (operating margin of 4.9%), after a 22% gross margin on the products/services it sells. After all costs, taxes and interest, 15.5% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks solid: carries modest debt (0.5× equity), can just cover its short-term bills (1.0× current ratio), and is currently profitable.
Who at CRCL filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Chandhok Nikhil | Chief Product & Tech. Officer | Option exercise | $602,250.54 | Form 4 for Chandhok Nikhil (opens sec.gov in a new tab) | |
| Chandhok Nikhil | Chief Product & Tech. Officer | Open-market sale | $2,122,506.12 | Form 4 for Chandhok Nikhil (opens sec.gov in a new tab) | |
| Allaire Jeremy | Director, Chairman and CEO | Open-market sale | $1,078,646.25 | Form 4 for Allaire Jeremy (opens sec.gov in a new tab) | |
| Allaire Jeremy | Director, Chairman and CEO | Open-market sale | $2,770,922.00 | Form 4 for Allaire Jeremy (opens sec.gov in a new tab) | |
| Allaire Jeremy | Director, Chairman and CEO | Open-market sale | $732,623.64 | Form 4 for Allaire Jeremy (opens sec.gov in a new tab) | |
| Allaire Jeremy | Director, Chairman and CEO | Open-market sale | $115,414.96 | Form 4 for Allaire Jeremy (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Common questions
What is CRCL's intrinsic value?
TickerWorth's valuation lenses put Circle Internet Group (CRCL) between $31.24 and $31.24 per share, versus a market price of $81.65. They disagree too widely for us to state a single fair value, so we publish the range.
Is CRCL overvalued or undervalued?
At $81.65 the price sits above every lens we ran. We don't call CRCL overvalued or undervalued from a range this wide. This is an educational estimate, not advice.
What discount rate is used for CRCL?
A WACC of 10.3% and a terminal growth rate of 2.5%.
Is Circle Internet Group stock undervalued?
TickerWorth's fair-value range for Circle Internet Group (CRCL) is $31.24 – $31.24 against a market price of $81.65. Priced above our range. We publish a range here, not one number, so we do not call it over- or undervalued. This is a model estimate, not investment advice.
Circle Internet Group (CRCL) DCF valuation and fair value
Our fair-value range for Circle Internet Group (CRCL) is $31.24 – $31.24, built on a 10.3% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Circle Internet Group stock?
Today's price implies revenue growth of more than 25%/yr. Above about 25% a year the reverse-DCF stops being informative. It solves for revenue growth alone — holding margins, capital intensity and the forecast horizon fixed — so a price well above our cash-flow model's value has nowhere to go but growth, and the solver returns a rate the model can't reconcile. Read it as "the price implies growth we can't justify", not as a forecast. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $81.65. A model estimate, not investment advice.
Circle Internet Group (CRCL) insider trading
The most recent insider filing (SEC Form 4) for Circle Internet Group (CRCL): Chandhok Nikhil, Chief Product & Tech. Officer, option exercise on 2026-10-08. The latest filings are listed on this page. A disclosure, not a signal to trade.
Other ways into the coverage
Not investment advice. TickerWorth Score is a model output.
Educational tool. Every output reflects the assumptions shown — not a prediction and not investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public filings and market data that can be wrong.