Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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Historical Valuation Ratios (Summary)
Uber Technologies Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Price to Earnings (P/E) Ratio
- The price to earnings ratio data is unavailable from 2020 through 2022, with values starting only in early 2023. From the first reported value of 97.47 in March 2023, a noticeable declining trend is observed. The ratio decreases to 14.24 by December 2025, indicating a significant reduction in market valuation relative to earnings over this period. This downward movement suggests improving earnings or a softening in stock price, reflecting changing investor sentiment toward profitability.
- Price to Operating Profit (P/OP) Ratio
- Similar to the P/E ratio, the price to operating profit ratio is absent until March 2023. It starts at a very high level of 325.09, declining substantially over the subsequent quarters to 45.38 by December 2025. The steep drop points to either increasing operating profits or a recalibration in stock price assessing operating performance. The ratio’s reduction implies an improving operating profitability profile or a revaluation closer to fundamental operating income.
- Price to Sales (P/S) Ratio
- The price to sales ratio shows a more complete picture from late 2020 onward. Beginning at 9.07 in December 2020, it displays a steady decline through 2022, reaching a low point of 1.98 by December 2022. After this trough, a moderate upward trend is apparent, climbing to approximately 3.85 by December 2025. This pattern indicates that the market initially devalued the stock relative to sales, possibly due to concerns over margins or growth, followed by a gradual market reassessment or revenue growth enhancing valuation.
- Price to Book Value (P/BV) Ratio
- The price to book value ratio begins in March 2020 at 5.01 and fluctuates noticeably throughout the years. It peaks around 11.08 in mid-2023 and again around 15.02 in December 2023, before gradually decreasing to approximately 7.96 by December 2025. These fluctuations suggest shifts in market valuation against the company's net asset base, with periods of optimistic valuation peaking in 2023, followed by moderate normalization or re-rating toward lower multiples thereafter. The general trend indicates some volatility in investor confidence or balance sheet perception.
Price to Earnings (P/E)
Uber Technologies Inc., historical P/E calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. (in millions) | ||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||
| FedEx Corp. | ||||||||||||||||||||||||||||
| Union Pacific Corp. | ||||||||||||||||||||||||||||
| United Airlines Holdings Inc. | ||||||||||||||||||||||||||||
| United Parcel Service Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
EPS
= (Net income (loss) attributable to Uber Technologies, Inc.Q1 2025
+ Net income (loss) attributable to Uber Technologies, Inc.Q4 2024
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2024
+ Net income (loss) attributable to Uber Technologies, Inc.Q2 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price initially showed a steady increase from March 2020 through December 2020, rising from approximately $32.79 to $54.40. This upward momentum was interrupted in 2021, with the price declining to the mid $30s by the end of the year. Through 2022, the share price demonstrated some volatility, fluctuating in the $26 to $34 range before gradually increasing again in 2023. The most notable movement occurred from late 2023 onward, where the price surged significantly, reaching $83.65 by March 2025, indicating a strong recovery and growth phase.
- Earnings Per Share (EPS) Pattern
- EPS data starts becoming available in late 2020, showing negative values initially and reflecting operational losses. The losses deepened through 2021 and most of 2022, reaching a low point near -5.08. However, starting in late 2023, EPS turned positive and demonstrated a consistent upward trend. By March 2025, EPS reached 5.88, marking a considerable improvement from previous years and suggesting a shift towards profitability.
- Price-to-Earnings (P/E) Ratio Developments
- P/E ratio data begins from late 2023 onwards and mirrors the EPS improvement. Initially, the P/E ratios were high, exceeding 90, which typically indicates either high growth expectations or overvaluation. The ratio decreased steadily through 2024 and early 2025, falling to around 14.24 by the end of the period, implying that the share price increases are more justified by fundamental profits and increasing earnings.
- Overall Insights
- The financial data portrays a company that experienced initial volatility and losses during the pandemic and subsequent periods, reflected in negative earnings and fluctuating share prices. The turnaround is clearly evident from late 2023, characterized by sustained earnings growth, a rising share price, and normalization of the P/E ratio. This suggests improved operational efficiency and investor confidence in the company’s future prospects.
Price to Operating Profit (P/OP)
Uber Technologies Inc., historical P/OP calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Income (loss) from operations (in millions) | ||||||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||
| FedEx Corp. | ||||||||||||||||||||||||||||
| Union Pacific Corp. | ||||||||||||||||||||||||||||
| United Airlines Holdings Inc. | ||||||||||||||||||||||||||||
| United Parcel Service Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Operating profit per share
= (Income (loss) from operationsQ1 2025
+ Income (loss) from operationsQ4 2024
+ Income (loss) from operationsQ3 2024
+ Income (loss) from operationsQ2 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price demonstrated notable volatility over the analyzed periods. Initially, from March 2020 to December 2021, the price showed fluctuations with a general downward trend after peaking at $54.40 in December 2020 and then decreasing to a low of $26.83 in March 2022. From that point onward, the share price began to recover steadily, climbing from $26.83 in March 2022 to $83.65 by March 2025, reflecting a substantial appreciation in market value over the latter part of the timeframe.
- Operating Profit per Share (OPPS) Trend
- Operating profit per share was negative throughout the early part of the timeline, starting from March 2021 at -$2.62 and improving gradually each quarter. The losses narrowed consistently, reaching a breakeven point between December 2023 and March 2024, where the OPPS shifted into positive territory. From March 2024 onward, OPPS continued to improve, rising to $1.84 by March 2025. This marks a significant turnaround from consistent operating losses to sustained operating profitability at the shareholder level.
- Price to Operating Profit Ratio (P/OP) Analysis
- The P/OP ratio data is available only from December 2023 onward, coinciding with the period when operating profit per share turned positive. Initially, this ratio was very high at 325.09, indicating a market price heavily premium relative to the emerging operating profits. Over subsequent quarters, the P/OP ratio declined steadily to 45.38 by March 2025, suggesting a market re-rating as operating profitability became more established and the share price adjusted accordingly relative to operating earnings.
- Summary of Financial Health Indicators
- The data reflects a transition phase for the company. The earlier period shows operating losses putting pressure on profitability metrics, accompanied by fluctuating and generally lower share prices. The latter period reveals significant operational improvements, as reflected by positive and growing operating profits per share and a recovering share price. The decreasing P/OP ratio alongside rising profits signals enhanced market confidence in the company’s earnings quality and future outlook.
Price to Sales (P/S)
Uber Technologies Inc., historical P/S calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Revenue (in millions) | ||||||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||
| FedEx Corp. | ||||||||||||||||||||||||||||
| Union Pacific Corp. | ||||||||||||||||||||||||||||
| United Airlines Holdings Inc. | ||||||||||||||||||||||||||||
| United Parcel Service Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Sales per share
= (RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024
+ RevenueQ2 2024)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited notable volatility over the observed period. Initially, it rose from approximately $32.79 in March 2020, peaking at $54.40 by December 2020. It then declined sharply through 2021, reaching a trough of around $26.83 by March 2022. Following this low, the share price demonstrated a steady recovery and marked appreciation, surging significantly in the latter part of 2023 and early 2024, culminating at approximately $83.65 by March 2025. This pattern suggests periods of investor optimism, market corrections, and subsequent regained confidence.
- Sales per Share Dynamics
- Data on sales per share, available from March 2021 onward, shows consistent growth across all subsequent quarters. Starting from $5.99 in March 2021, the figure increased steadily each quarter without any declines, reaching $21.70 by March 2025. This upward trend indicates strong and continuous revenue growth on a per-share basis, reflecting improving operational performance and top-line expansion.
- Price-to-Sales (P/S) Ratio Analysis
- The P/S ratio experienced a significant downward trend initially, decreasing from 9.07 in March 2021 to a low of 1.98 in December 2021. This decline corresponds with the increase in sales per share outpacing share price growth, potentially indicating a market revaluation or a correction in pricing relative to revenues. Post this low point, the P/S ratio demonstrated a moderate upward trend, stabilizing around mid-2 to 3 range through 2022 and 2023. Notably, in late 2023 and early 2024, the ratio rose sharply again, reaching approximately 3.85 by March 2025. This suggests that the share price appreciation during this period outpaced the growth in sales per share, implying elevated investor expectations or improved market sentiment about future growth prospects.
- Overall Insights
- The combined analysis of the share price, sales per share, and P/S ratio reveals a narrative of robust business growth tempered by market volatility and changing investor sentiment. The steady increase in sales per share underscores sustainable operational improvement. Meanwhile, the fluctuating P/S ratio and share price reflect market reassessment phases and eventual confidence regained, possibly driven by strong fundamentals and future outlook. The latter part of the timeline is characterized by both expanding revenue and rising valuations, indicative of enhanced market positioning and investor optimism.
Price to Book Value (P/BV)
Uber Technologies Inc., historical P/BV calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Total Uber Technologies, Inc. stockholders’ equity (in millions) | ||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||
| FedEx Corp. | ||||||||||||||||||||||||||||
| Union Pacific Corp. | ||||||||||||||||||||||||||||
| United Airlines Holdings Inc. | ||||||||||||||||||||||||||||
| United Parcel Service Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
BVPS = Total Uber Technologies, Inc. stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited a general upward trend from March 2020 through the end of 2025, with notable fluctuations. Initially, the price increased from $32.79 in March 2020 to a peak of $54.40 by December 2020. It then experienced a decline, reaching a low of $26.83 in March 2022. Following this trough, the price recovered and continued to grow substantially, achieving its highest value of $83.65 by March 2025. This pattern reflects volatility in the earlier periods, followed by a sustained growth phase in the later periods.
- Book Value Per Share (BVPS) Trends
- The book value per share showed variability over the period analyzed. It started at $6.54 in March 2020 and fluctuated downward to $3.13 in September 2022, indicating a decline in the company's net asset value per share during that time. Post-September 2022, BVPS demonstrated a consistent increase, rising to $10.51 by March 2025. This upward movement suggests enhanced company value or improved balance sheet strength in the latter stages of the timeline.
- Price to Book Value Ratio (P/BV) Trends
- The P/BV ratio showed considerable fluctuation, signaling varying market valuation relative to the company's book value. Starting at 5.01 in March 2020, the ratio climbed sharply to peak levels over 15.00 in December 2023, indicating a high market premium over book value at that time. After peaking, the ratio gradually decreased to approximately 7.96 by March 2025. This decline hints at either market price corrections, improvements in book value, or a combination of both in recent quarters.
- Overall Insights
- The data reveals an initial period of volatility and decline in book value per share, accompanied by fluctuating share prices and P/BV ratios. Following this, the company experienced a recovery phase marked by rising book values and share prices, culminating in a peak share price at the end of the period. The P/BV ratio indicates that the market at times valued the company substantially above its book value, with notable peaks and subsequent normalization towards the end of the timeline. These trends may reflect shifts in market perception, operational improvements, or other external economic factors impacting company valuation and financial strength.