Uber Technologies, Inc
$69.69
+0.57 (+0.82%) · delayed · Nov 13, 2026
Five-year price
52w $64.04 to $92.92
- Market cap
- $142.3B
- Enterprise value
- $145.7B
- P/E
- 14.7×
- 20.6× on 3y avg EPS
- EV / EBIT
- 26.2×
- FCF yield
- 6.9%
- ROIC
- 18.3%
- Debt / equity
- 0.39
- Piotroski F
- 5/9
Value scorecard · FY2025
Does it pass the value tests?
Quality
33
- ○ROIC > 12% (5y avg)5y avg ROIC 1.7%
- ○ROE > 15% (5y avg)5y avg ROE -5.7%
- ○Stable operating marginsMargin volatility 11.6% (σ, 5y)
- ●Earnings convert to cashFCF / net income 115% (5y avg)
- ●Growing revenueRevenue CAGR 5y 36.1%
- ○Shrinking share countDiluted shares 20.9% over 5y
Value
40
- ●P/E below 15P/E 14.7
- ○EV/EBIT below 12EV/EBIT 26.2
- ●FCF yield above 6%FCF yield 6.9%
- ○Price below Graham NumberGraham Number $37.54
- ○P/B below 3P/B 5.3
Safety
60
- ●Debt / equity below 0.5D/E 0.39
- ●Debt payable in < 4 yrs of earningsNet debt $3.4B
- ●Interest coverage > 8xCoverage 12.6x
- ○Current ratio > 1.5Current ratio 1.14
- ○Piotroski F-score ≥ 6F-score 5/9
Graham Defensive
17
- ●Adequate size (revenue > $2B)Revenue $52.0B
- ○Strong condition (current ratio ≥ 2)Current ratio 1.14
- ○Earnings stability (no loss, 10y)9 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- ○Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) 20.6
- ○P/E × P/B ≤ 22.5Product 108.3
Valuation lab
What do you have to believe?
At $69.69, the market is pricing in about 1.8% annual free-cash-flow growth for the next decade (9% discount rate, 2.5% terminal growth).
Starting cash flow
Net debt $3.4B · 2042M shares · 5y revenue CAGR 36.1%
Intrinsic value
$279.79
Price
$69.69
Margin of safety
75%
What the price implies
The market is paying for 1.8% annual cash-flow growth for 10 years at a 9.0% discount rate.
Terminal value share
70% of the value sits beyond year 10. That means the answer depends mostly on the long-run assumptions.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,932 | 10,433 | 13,000 | 11,139 | 17,455 | 31,877 | 37,281 | 43,978 | 52,017 |
| Gross profit | — | — | — | — | — | — | — | — | — |
| Operating income | (4,080) | (3,033) | (8,596) | (4,863) | (3,834) | (1,832) | 1,110 | 2,799 | 5,565 |
| Operating margin | -51.4% | -29.1% | -66.1% | -43.7% | -22.0% | -5.7% | 3.0% | 6.4% | 10.7% |
| Pre-tax income | (4,575) | 1,312 | (8,433) | (6,946) | (1,025) | (9,426) | 2,321 | 4,125 | 5,800 |
| Income tax | (542) | 283 | 45 | (192) | (492) | (181) | 213 | (5,758) | (4,346) |
| Net income | (4,033) | 997 | (8,506) | (6,768) | (496) | (9,141) | 1,887 | 9,856 | 10,053 |
| EPS (diluted) | -9.46 | 0.00 | -6.81 | -3.86 | -0.29 | -4.65 | 0.87 | 4.56 | 4.73 |
| Diluted shares | 426 | 479 | 1,248 | 1,753 | 1,896 | 1,975 | 2,092 | 2,151 | 2,120 |
Who owns it