Investors should also recognize that ENS has a P/B ratio of 2.04. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities.

As is typical for many Web3 projects, ENS launched its own fungible governance token, called ENS. The ENS token first launched in November 2021 and provided a retroactive airdrop to .eth holders ...