Enterprise Value (EV)
Current Enterprise Value (EV)
Uber Technologies Inc., current enterprise value calculation
| Current share price (P) | $68.85 |
| No. shares of common stock outstanding | 2,035,599,013 |
| US$ in millions | |
| Common equity (market value)1 | 140,151) |
| Add: Non-redeemable non-controlling interests (per books) | 877) |
| Total equity | 141,028) |
| Add: Current portion of long-term debt (per books) | —) |
| Add: Finance leases liabilities, current (per books) | 138) |
| Add: Long-term debt, net of current portion (per books) | 10,521) |
| Add: Finance leases liabilities, non-current (per books) | 84) |
| Total equity and debt | 151,771) |
| Less: Cash and cash equivalents | 7,105) |
| Less: Short-term investments | 528) |
| Less: Restricted cash and cash equivalents | 631) |
| Enterprise value (EV) | 143,507) |
Based on: 10-K (reporting date: 2025-12-31).
1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 68.85 × 2,035,599,013
Historical Enterprise Value (EV)
Uber Technologies Inc., EV calculation
Based on: 10-K (reporting date: 2025-12-31), 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).
1 Data adjusted for splits and stock dividends.
2 Closing price as at the filing date of Uber Technologies Inc. Annual Report.
3 2025 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 69.99 × 2,058,115,983
The information presents a five-year trend of several financial metrics, including common equity market value, total equity, total equity and debt, and enterprise value. A significant increase in these metrics is observed between 2021 and 2023, followed by a decline in 2024 and 2025. The enterprise value demonstrates a similar pattern, mirroring the overall trend in equity and debt levels.
- Enterprise Value Trend
- Enterprise value increased substantially from US$73.45 billion in 2021 to US$173.54 billion in 2023, representing a more than doubling in value. This growth slowed in 2024, with a decrease to US$169.02 billion, and continued downward in 2025, reaching US$147.40 billion. The decline from the 2023 peak suggests a potential shift in investor sentiment or changes in the company’s financial outlook.
- Equity and Debt Relationship
- Total equity and debt consistently exceeded total equity throughout the period. The difference between these two values remained relatively stable between 2021 and 2023, fluctuating around US$10 billion. However, the gap narrowed slightly in 2024 and 2025, coinciding with the overall decrease in enterprise value. This suggests that changes in debt levels may be contributing to the fluctuations in enterprise value.
- Common Equity vs. Total Equity
- Common equity (market value) and total equity exhibited a very close relationship, with values remaining nearly identical each year. This indicates that a substantial portion of the company’s equity is represented by common stock. The parallel increase and decrease in both metrics between 2021-2025 further reinforces this observation.
The period demonstrates a phase of rapid growth culminating in 2023, followed by a period of contraction in 2024 and 2025. The decline in enterprise value during the latter years warrants further investigation to determine the underlying causes and potential implications for the company’s future performance.
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