Holy mackerel guys look what I found.
Estimate: Based on a P/E of 15 to 30, Ripple Markets APAC Pte. Ltd. might be worth $990 million to $1.98 billion.
Undervalued or Overvalued?
Based on P/E: A P/E of 15 to 30 is reasonable for a financial services/fintech company. If the market applied a higher P/E (e.g., 50+ due to crypto growth potential), the valuation could be $3.3 billion or more, suggesting it might be undervalued at a P/E of 15.
Based on P/S: The low P/S ratio (0.11 to 0.23) compared to industry norms suggests the company could be undervalued relative to its revenue.
Crypto Context: If we factor in XRP’s $98 billion market cap, the subsidiary’s valuation seems tiny, but the crypto market is speculative and not directly tied to the subsidiary’s operational earnings.
Final Assessment
Ripple Markets APAC Pte. Ltd. appears undervalued if we treat it as a standalone financial services company with a P/E of 15 to 30 and a P/S ratio well below industry averages. Its low profit margin suggests it might be in a growth phase, reinvesting revenue into expansion, which could justify a higher P/E in the future. However, the speculative nature of XRP’s market cap introduces complexity—while XRP’s high valuation might suggest overvaluation of the broader Ripple ecosystem, the subsidiary’s operational financials tell a different story.