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).
Historical Valuation Ratios (Summary)
Uber Technologies Inc., historical price multiples (quarterly data)
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Uber Technologies Inc. P/S ratio increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Uber Technologies Inc. P/BV ratio decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level. |
Price to Earnings (P/E)
Uber Technologies Inc., historical P/E calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,076,497,400 | 2,057,858,230 | 2,043,522,654 | 2,023,827,162 | 2,009,907,175 | 1,994,407,340 | 1,979,918,174 | 1,963,660,253 | 1,954,464,088 | 1,940,118,248 | 1,884,346,863 | 1,871,760,070 | 1,858,167,579 | 1,763,768,098 | 1,752,622,515 | 1,733,987,312 | 1,723,775,076 | 1,705,815,070 | 1,700,003,601 | 1,695,552,739 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net income (loss) attributable to Uber Technologies, Inc. (in millions) | 1,429) | 221) | 394) | (157) | 596) | (1,206) | (2,601) | (5,930) | 892) | (2,424) | 1,144) | (108) | (968) | (1,089) | (1,775) | (2,936) | (1,096) | (1,162) | (5,236) | (1,012) | ||||||
| Earnings per share (EPS)2 | 0.91 | 0.51 | -0.18 | -1.66 | -4.55 | -4.43 | -5.08 | -3.22 | -0.25 | -1.21 | -0.54 | -2.10 | -3.64 | -3.91 | -3.98 | -6.02 | -4.93 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 81.39 | 49.92 | 46.96 | 37.84 | 34.20 | 28.81 | 31.85 | 26.83 | 34.87 | 45.51 | 43.07 | 46.65 | 54.40 | 44.87 | 32.90 | 32.79 | 32.85 | 28.02 | 40.05 | 42.75 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/E ratio4 | 89.56 | 97.47 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||
| FedEx Corp. | 16.11 | 17.14 | 12.45 | 11.20 | 14.80 | 11.50 | 12.86 | 13.14 | 15.07 | 23.08 | 31.59 | 34.80 | 33.43 | — | 568.30 | 100.48 | 82.00 | 13.00 | 9.72 | 14.01 | ||||||
| Union Pacific Corp. | 23.85 | 20.14 | 21.55 | 17.65 | 17.97 | 16.21 | 19.32 | 22.53 | 23.67 | 24.01 | 24.34 | 27.76 | 25.57 | 23.48 | 21.35 | 17.22 | 21.44 | — | — | — | ||||||
| United Parcel Service Inc. | 18.89 | 13.92 | 15.41 | 14.01 | 13.27 | 12.72 | 15.37 | 14.93 | 14.11 | 28.39 | 27.60 | 36.12 | 104.33 | 30.09 | 28.55 | 19.04 | 20.59 | — | — | — | ||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2023 Calculation
EPS
= (Net income (loss) attributable to Uber Technologies, Inc.Q4 2023
+ Net income (loss) attributable to Uber Technologies, Inc.Q3 2023
+ Net income (loss) attributable to Uber Technologies, Inc.Q2 2023
+ Net income (loss) attributable to Uber Technologies, Inc.Q1 2023)
÷ No. shares of common stock outstanding
= (1,429,000,000 + 221,000,000 + 394,000,000 + -157,000,000)
÷ 2,076,497,400 = 0.91
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q4 2023 Calculation
P/E ratio = Share price ÷ EPS
= 81.39 ÷ 0.91 = 89.56
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Uber Technologies Inc., historical P/OP calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,076,497,400 | 2,057,858,230 | 2,043,522,654 | 2,023,827,162 | 2,009,907,175 | 1,994,407,340 | 1,979,918,174 | 1,963,660,253 | 1,954,464,088 | 1,940,118,248 | 1,884,346,863 | 1,871,760,070 | 1,858,167,579 | 1,763,768,098 | 1,752,622,515 | 1,733,987,312 | 1,723,775,076 | 1,705,815,070 | 1,700,003,601 | 1,695,552,739 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Income (loss) from operations (in millions) | 652) | 394) | 326) | (262) | (142) | (495) | (713) | (482) | (550) | (572) | (1,188) | (1,524) | (877) | (1,116) | (1,607) | (1,263) | (971) | (1,106) | (5,485) | (1,034) | ||||||
| Operating profit per share2 | 0.53 | 0.15 | -0.28 | -0.80 | -0.91 | -1.12 | -1.17 | -1.42 | -1.96 | -2.14 | -2.50 | -2.74 | -2.62 | -2.81 | -2.82 | -5.09 | -4.99 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 81.39 | 49.92 | 46.96 | 37.84 | 34.20 | 28.81 | 31.85 | 26.83 | 34.87 | 45.51 | 43.07 | 46.65 | 54.40 | 44.87 | 32.90 | 32.79 | 32.85 | 28.02 | 40.05 | 42.75 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/OP ratio4 | 152.26 | 325.09 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||
| FedEx Corp. | 13.03 | 9.62 | 7.38 | 6.66 | 9.07 | 9.66 | 10.90 | 11.82 | 13.46 | 15.42 | 19.66 | 20.51 | 17.79 | 7.61 | 11.34 | 10.34 | 9.92 | 10.19 | 10.21 | 13.97 | ||||||
| Union Pacific Corp. | 16.75 | 14.11 | 15.20 | 12.56 | 12.68 | 11.53 | 13.58 | 15.79 | 16.53 | 16.70 | 16.84 | 18.84 | 17.46 | 15.91 | 14.61 | 11.83 | 14.83 | — | — | — | ||||||
| United Parcel Service Inc. | 13.86 | 12.08 | 13.27 | 12.19 | 11.70 | 10.32 | 12.38 | 12.08 | 14.20 | 16.72 | 16.10 | 19.92 | 18.23 | 17.73 | 16.56 | 10.94 | 11.72 | — | — | — | ||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2023 Calculation
Operating profit per share
= (Income (loss) from operationsQ4 2023
+ Income (loss) from operationsQ3 2023
+ Income (loss) from operationsQ2 2023
+ Income (loss) from operationsQ1 2023)
÷ No. shares of common stock outstanding
= (652,000,000 + 394,000,000 + 326,000,000 + -262,000,000)
÷ 2,076,497,400 = 0.53
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q4 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 81.39 ÷ 0.53 = 152.26
5 Click competitor name to see calculations.
Price to Sales (P/S)
Uber Technologies Inc., historical P/S calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,076,497,400 | 2,057,858,230 | 2,043,522,654 | 2,023,827,162 | 2,009,907,175 | 1,994,407,340 | 1,979,918,174 | 1,963,660,253 | 1,954,464,088 | 1,940,118,248 | 1,884,346,863 | 1,871,760,070 | 1,858,167,579 | 1,763,768,098 | 1,752,622,515 | 1,733,987,312 | 1,723,775,076 | 1,705,815,070 | 1,700,003,601 | 1,695,552,739 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Revenue (in millions) | 9,936) | 9,292) | 9,230) | 8,823) | 8,607) | 8,343) | 8,073) | 6,854) | 5,778) | 4,845) | 3,929) | 2,903) | 3,165) | 2,813) | 1,913) | 3,248) | 4,069) | 3,813) | 3,166) | 3,099) | ||||||
| Sales per share2 | 17.95 | 17.47 | 17.13 | 16.72 | 15.86 | 14.56 | 12.90 | 10.90 | 8.93 | 7.65 | 6.80 | 5.77 | 5.99 | 6.83 | 7.44 | 8.24 | 8.21 | 0.00 | 0.00 | 0.00 | ||||||
| Share price1, 3 | 81.39 | 49.92 | 46.96 | 37.84 | 34.20 | 28.81 | 31.85 | 26.83 | 34.87 | 45.51 | 43.07 | 46.65 | 54.40 | 44.87 | 32.90 | 32.79 | 32.85 | 28.02 | 40.05 | 42.75 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/S ratio4 | 4.53 | 2.86 | 2.74 | 2.26 | 2.16 | 1.98 | 2.47 | 2.46 | 3.90 | 5.95 | 6.34 | 8.09 | 9.07 | 6.57 | 4.42 | 3.98 | 4.00 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||
| FedEx Corp. | 0.71 | 0.55 | 0.44 | 0.42 | 0.61 | 0.64 | 0.71 | 0.77 | 0.94 | 0.89 | 1.04 | 0.87 | 0.62 | 0.36 | 0.62 | 0.65 | 0.64 | 0.68 | 0.70 | 1.00 | ||||||
| Union Pacific Corp. | 6.31 | 5.31 | 5.86 | 4.93 | 5.05 | 4.69 | 5.65 | 6.77 | 7.08 | 7.01 | 6.96 | 7.50 | 7.00 | 6.43 | 5.88 | 4.79 | 5.85 | — | — | — | ||||||
| United Parcel Service Inc. | 1.39 | 1.28 | 1.60 | 1.53 | 1.53 | 1.41 | 1.68 | 1.63 | 1.87 | 1.94 | 1.81 | 2.09 | 1.66 | 1.72 | 1.61 | 1.09 | 1.23 | — | — | — | ||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2023 Calculation
Sales per share
= (RevenueQ4 2023
+ RevenueQ3 2023
+ RevenueQ2 2023
+ RevenueQ1 2023)
÷ No. shares of common stock outstanding
= (9,936,000,000 + 9,292,000,000 + 9,230,000,000 + 8,823,000,000)
÷ 2,076,497,400 = 17.95
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q4 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 81.39 ÷ 17.95 = 4.53
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/S ratio | An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. | Uber Technologies Inc. P/S ratio increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023. |
Price to Book Value (P/BV)
Uber Technologies Inc., historical P/BV calculation (quarterly data)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 2,076,497,400 | 2,057,858,230 | 2,043,522,654 | 2,023,827,162 | 2,009,907,175 | 1,994,407,340 | 1,979,918,174 | 1,963,660,253 | 1,954,464,088 | 1,940,118,248 | 1,884,346,863 | 1,871,760,070 | 1,858,167,579 | 1,763,768,098 | 1,752,622,515 | 1,733,987,312 | 1,723,775,076 | 1,705,815,070 | 1,700,003,601 | 1,695,552,739 | ||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Total Uber Technologies, Inc. stockholders’ equity (deficit) (in millions) | 11,249) | 9,358) | 8,664) | 7,508) | 7,340) | 6,247) | 6,661) | 8,916) | 14,458) | 13,931) | 14,175) | 13,598) | 12,266) | 8,942) | 9,550) | 11,342) | 14,190) | 15,062) | 15,922) | (8,432) | ||||||
| Book value per share (BVPS)2 | 5.42 | 4.55 | 4.24 | 3.71 | 3.65 | 3.13 | 3.36 | 4.54 | 7.40 | 7.18 | 7.52 | 7.26 | 6.60 | 5.07 | 5.45 | 6.54 | 8.23 | 8.83 | 9.37 | -4.97 | ||||||
| Share price1, 3 | 81.39 | 49.92 | 46.96 | 37.84 | 34.20 | 28.81 | 31.85 | 26.83 | 34.87 | 45.51 | 43.07 | 46.65 | 54.40 | 44.87 | 32.90 | 32.79 | 32.85 | 28.02 | 40.05 | 42.75 | ||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/BV ratio4 | 15.02 | 10.98 | 11.08 | 10.20 | 9.36 | 9.20 | 9.47 | 5.91 | 4.71 | 6.34 | 5.73 | 6.42 | 8.24 | 8.85 | 6.04 | 5.01 | 3.99 | 3.17 | 4.28 | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||
| FedEx Corp. | 2.45 | 2.07 | 1.72 | 1.60 | 2.27 | 2.41 | 2.53 | 2.75 | 3.26 | 3.18 | 3.68 | 3.19 | 2.35 | 1.32 | 2.28 | 2.49 | 2.49 | 2.38 | 2.50 | 3.51 | ||||||
| Union Pacific Corp. | 10.29 | 9.16 | 10.99 | 9.92 | 10.34 | 9.76 | 10.41 | 12.90 | 10.90 | 10.68 | 10.01 | 8.91 | 8.07 | 7.33 | 7.22 | 6.46 | 7.00 | 6.31 | 6.76 | 7.05 | ||||||
| United Parcel Service Inc. | 7.32 | 6.21 | 7.71 | 7.54 | 7.75 | 8.39 | 10.31 | 10.42 | 12.76 | 15.21 | 15.53 | 26.13 | 213.26 | 24.66 | 28.64 | 24.78 | 27.98 | 18.04 | 23.36 | 26.37 | ||||||
Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Data adjusted for splits and stock dividends.
2 Q4 2023 Calculation
BVPS = Total Uber Technologies, Inc. stockholders’ equity (deficit) ÷ No. shares of common stock outstanding
= 11,249,000,000 ÷ 2,076,497,400 = 5.42
3 Closing price as at the filing date of Uber Technologies Inc. Quarterly or Annual Report.
4 Q4 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 81.39 ÷ 5.42 = 15.02
5 Click competitor name to see calculations.
| Valuation ratio | Description | The company |
|---|---|---|
| P/BV ratio | The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. | Uber Technologies Inc. P/BV ratio decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level. |