SharpLink Gaming (SBET) is drawing attention after deploying US$170 million of its Ethereum treasury onto Consensys’ Linea network, seeking diversified yield through native staking, restaking rewards, and additional on-chain incentives.

See our latest analysis for SharpLink Gaming.

The Linea deployment comes after a volatile period for SharpLink Gaming, with a 90 day share price return decline of 37.88% but a 1 year total shareholder return of 38.96%, so long term holders have still seen gains even as recent momentum has cooled.

If this Ether move has your attention, it could be a good moment to scan for other crypto and Web3 exposed names through high growth tech and AI stocks and see what stands out.

With shares down 37.88% over 90 days but up 38.96% over the past year, and trading at a discount to both analyst targets and intrinsic estimates, is SharpLink undervalued at this level or already pricing in potential future growth?

On a P/B of 0.6x, SharpLink Gaming trades well below peers using this book value yardstick, even after the recent share price volatility.

P/B compares the market value of the equity to its accounting book value. This can be a helpful cross check for an asset heavy, early stage or loss making business where earnings are not yet a reliable guide.

Here, the P/B of 0.6x sits far under the peer average of 5.4x. This suggests the market is pricing SharpLink well below how similar companies are valued on their balance sheets.

The gap versus the broader US Hospitality industry is also wide, with the sector on 2.8x P/B compared to SharpLink at 0.6x. This points to a steep relative discount on this measure.

See what the numbers say about this price — find out in our valuation breakdown.

Result: Price to book of 0.6x (UNDERVALUED)

Our DCF model points to a fair value of US$13.61 per share for SharpLink Gaming, versus the recent close at US$10.02, which implies a discount of about 26.4%.

The SWS DCF model estimates future cash flows, then discounts them back to today using a required return. This helps translate long run expectations into a single present value number.

For SharpLink, this approach leans heavily on the company’s profile. It combines fast forecast revenue growth with a current net loss of US$1.0m on US$13.1m of revenue and a business model tied to affiliate marketing and Ethereum staking.

Because cash flows are still developing, even small shifts in growth, margins or required return can move the DCF output meaningfully. The current gap between US$10.02 and US$13.61 therefore gives readers one reference point rather than a precise target.