Calculation
P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss) attributable to Uber Technologies, Inc.1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Feb 14, 2025 | 16.83 | = | 79.42 | ÷ | 4.72 | 4.72 | = | 9,856 | ÷ | 2,089,008,865 | |
Feb 15, 2024 | 89.56 | = | 81.39 | ÷ | 0.91 | 0.91 | = | 1,887 | ÷ | 2,076,497,400 | |
Feb 21, 2023 | — | = | 34.20 | ÷ | -4.55 | -4.55 | = | -9,141 | ÷ | 2,009,907,175 | |
Feb 24, 2022 | — | = | 34.87 | ÷ | -0.25 | -0.25 | = | -496 | ÷ | 1,954,464,088 | |
Mar 1, 2021 | — | = | 54.40 | ÷ | -3.64 | -3.64 | = | -6,768 | ÷ | 1,858,167,579 | |
Mar 2, 2020 | — | = | 32.85 | ÷ | -4.93 | -4.93 | = | -8,506 | ÷ | 1,723,775,076 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Uber Technologies Inc. Annual Report.
The analysis of annual financial data reveals several notable trends over the periods presented. The share price exhibited significant volatility, initially increasing from 32.85 US$ in March 2020 to 54.40 US$ in March 2021. This was followed by a decline to approximately 34 US$ in 2022 and 2023, before rising sharply to a peak of 81.39 US$ in February 2024, then slightly decreasing to 79.42 US$ in February 2025.
The earnings per share (EPS) demonstrate a marked improvement over the years. The company recorded negative EPS throughout the earlier periods, starting at -4.93 US$ in March 2020 and improving progressively to -0.25 US$ in February 2022. Although a decline to -4.55 US$ occurred in February 2023, EPS shifted positively in the last two years, reaching 0.91 US$ in February 2024 and significantly increasing to 4.72 US$ in February 2025. This positive turnaround suggests a substantial enhancement in profitability or operational performance in recent years.
P/E ratios were not reported for the earlier periods but became available in the last two years. In February 2024, the P/E ratio stood at a high level of 89.56, indicating investors were willing to pay a premium for the company's earnings, possibly due to expectations of future growth. By February 2025, the P/E ratio decreased to 16.83, reflecting a relative valuation adjustment, which could be attributable to the strong EPS growth diluting the previously high valuation multiples.
- Share Price Trend
- Significant volatility with a peak in 2024 followed by a slight correction in 2025.
- Earnings Per Share
- Consistent improvement from substantial losses toward profitability, turning positive in the last two years.
- Price-to-Earnings Ratio
- High valuation in 2024, followed by a substantial normalization in 2025, aligning with improved earnings.
Comparison to Competitors
Uber Technologies Inc. | FedEx Corp. | Union Pacific Corp. | United Airlines Holdings Inc. | United Parcel Service Inc. | |
---|---|---|---|---|---|
Feb 14, 2025 | 16.83 | 17.21 | 21.68 | 9.58 | 17.05 |
Feb 15, 2024 | 89.56 | 16.11 | 23.85 | 5.70 | 18.89 |
Feb 21, 2023 | — | 14.80 | 17.97 | 21.74 | 13.27 |
Feb 24, 2022 | — | 15.07 | 23.67 | — | 14.11 |
Mar 1, 2021 | — | 33.43 | 25.57 | — | 104.33 |
Mar 2, 2020 | — | 82.00 | 21.44 | 5.82 | 20.59 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Comparison to Sector (Transportation)
Uber Technologies Inc. | Transportation | |
---|---|---|
Feb 14, 2025 | 16.83 | 17.26 |
Feb 15, 2024 | 89.56 | 24.43 |
Feb 21, 2023 | — | 30.10 |
Feb 24, 2022 | — | 22.48 |
Mar 1, 2021 | — | — |
Mar 2, 2020 | — | 62.33 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Comparison to Industry (Industrials)
Uber Technologies Inc. | Industrials | |
---|---|---|
Feb 14, 2025 | 16.83 | 28.42 |
Feb 15, 2024 | 89.56 | 24.85 |
Feb 21, 2023 | — | 36.06 |
Feb 24, 2022 | — | 35.59 |
Mar 1, 2021 | — | — |
Mar 2, 2020 | — | 43.95 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).