In the volatile NFT space, value investing isn’t about chasing hype—it’s about finding overlooked gems. Inspired by the principles of Benjamin Graham and Warren Buffett, and supported by Web3 fundamentals like transparency and decentralized ownership, today’s post dives into PSR (Price-to-Sales Ratio) as a practical valuation metric.
While traditional finance uses P/E ratios, in the NFT space, PSR = Market Cap / Monthly Sales Volume gives us a powerful lens to spot undervalued collections.
📊 Why PSR Matters in NFTs
As Howard Marks would suggest, investing success lies not in what everyone sees but in how you interpret it. A lower PSR implies a project is generating strong sales relative to its valuation—a potential bargain in the making.
Methodology
- Data Source: OpenSea Top 100 NFT Projects (as of March 24, 2025)
- Metric: PSR (1 Month) sorted in ascending order
- Filter: Projects with positive sales volume in the past month
- Output: Top 10 lowest PSR collections + 7-day and 30-day PSR trends
📈 PSR Trend Comparison (7 Days vs 30 Days)
This line graph shows the PSR trend for the top 10 undervalued NFT projects:
📋 Top 10 Undervalued NFT Projects by PSR
Here are the 10 projects with the lowest PSR, signaling potential undervaluation:
| Project Name | Market Cap (ETH) | Sales (7d) | Avg Price (7d) | Volume (7d) | Sales (30d) | Avg Price (30d) | Volume (30d) |
|---|---|---|---|---|---|---|---|
| Courtyard.io | 4335.85 | 79863.00 | 0.03350 | 2675.41 | 359813.00 | 0.03212 | 11557.19 |
| Ethereum Evolved: Shanghai | ETH | 44124.85 | 22.00000 | 0.02681 | 2435.09 | 86.00000 | 0.00760 |
| Good Vibes Club | 3732.83 | 2862.00 | 0.53687 | 1536.52 | 8713.00 | 0.33311 | 2902.39 |
| Wealthy Hypio Babies | 6466.32 | 43.00 | 1.16405 | 50.05 | 1350.00 | 1.10553 | 1492.47 |
| Gemesis | 3724.55 | 2976.00 | 0.03931 | 116.99 | 15694.00 | 0.04179 | 655.85 |
| Base Paint | 4286.47 | 15612.00 | 0.17284 | 2697.49 | 61879.00 | 0.17785 | 11003.74 |
| OKX NFT Pass | 1440.89 | 292.00 | 2.19138 | 639.88 | 1217.00 | 2.24261 | 2731.42 |
| OWN THE DOGE | 2014.49 | 334.00 | 0.63595 | 212.37 | 1663.00 | 0.57429 | 955.02 |
| Chubbiverse | 1285.36 | 64.00 | 0.16248 | 10.39 | 184.00 | 0.26418 | 48.60 |
| BABY TURTLES | 1041.76 | 142.00 | 0.10359 | 14.70 | 263.00 | 0.11203 | 29.49 |
🔎 Commentary & Insights
1. Courtyard.io (PSR: 0.38)
Backed by a massive 359,813 sales in 30 days, this project demonstrates impressive liquidity and adoption, yet its market cap remains modest. Possibly underhyped?
2. Ethereum Evolved: Shanghai
Although the average price is extremely high, actual volume remains low. Further investigation is needed—potentially illiquid or symbolic trades?
3. Good Vibes Club
Solid monthly volume and low PSR suggest this project might be overlooked by the mainstream. Could be ripe for a revaluation.
📚 Philosophical Takeaway
Warren Buffett famously wrote: “Price is what you pay. Value is what you get.”
In Web3, where hype often overshadows fundamentals, using PSR lets us apply disciplined valuation—much like analyzing cash flow in a traditional business.
Similarly, Web3’s transparency and immutable ledger empower investors with reliable on-chain data, reducing reliance on centralized speculation.
✅ Conclusion
Whether you’re a seasoned investor or NFT newcomer, these PSR-based picks offer a rational entry point into the fast-moving NFT world. Follow this series daily as we surface new undervalued gems—backed by data, not hype.
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