Rankings Transport & logistics Uber
Uber
87
15070100
A view of the same findings, not a new score. How it works
In the 70+ zone: a score above 70 with more than 20% upside to the median analyst target.
Biggest deductions
- Future segment (robotaxis)−7
- Margin and share-based pay−4
- Partner leaves the platform−4
Strengths
- Insider buying+4
- Buybacks from FCF+2
How the score is built
From 100 to 87, step by step: points off for the business, the price and the cracks, back for documented strengths, then three data adjustments.
Start
Score
Hover or select a step to see what drove it. Steps with findings open them below.
Key numbers
As of 2 Nov 2026. Analyst targets tend to be optimistic; read upside as a hint, not a forecast.
- Price
- 66.71 USD
- Median analyst target
- 100.50 USD
- Upside to median
- +50.7%
- Analysts
- 50
- Target range
- 70.00 – 150.00 USD
- 52-week change
- −31%
- P/E (trailing)
- 14.6
- Forward P/E
- 16.5
- PEG
- 0.60
Findings
Every deduction and every plus, with its source. Open a step to read them.
Business
Is the company getting stronger, not just bigger? · 3 findings−13 of −30
- −7Future segment (robotaxis)Self-driving cars could make Uber's driver network less valuable and let AV owners go straight to the customer. Waymo now operates commercially in 10 US cities with its own app (Dallas, Houston, San Antonio and Orlando from February 2026), aims for over 1m rides a week by year-end and is preparing 20+ cities. Tesla is building its own robotaxi network. Uber wants to be 'the world's largest AV platform', but owns neither the technology nor the fleet.
- −4Margin and share-based payGAAP operating margin has risen from 3.0% (2023) to 12.1% TTM, and ROIC from 5.8% to 19.2%, so the business is getting stronger. But adjusted EBITDA is only 4.9% of gross bookings, and share-based pay of $1.94bn TTM equals 29% of operating profit ($6.7bn). The margin is thin for a platform.
- −2Capital allocationUber has a continuous stream of cash acquisitions (USD 647m in Q2 2026 and USD 804m in Q2 2025) and a large portfolio of equity stakes (Didi, Grab and AV companies), whose fair value adjustments swing earnings by billions each quarter. Capital is spread across many bets.
Price
Today's multiples against the company's own history and its peers. · 1 finding−3 of −35
- −3Multiples vs own history and peersForward P/E 17.7 vs 24.2 (2025), 28.2 (2024) and 62.4 (2023), i.e. the lowest ever; EV/EBITDA 20.1 vs 26.8 and 36.4. Trailing P/E 15.6 is unusable because it includes the $4.9bn tax gain and gains on equity stakes; adjusted it is about 28 (operating profit $6.7bn after normal tax). P/FCF is 14.4, or about 18 after share-based pay. Reasonably priced for 20% bookings growth, but not deeply cheap.
Cracks
Cash flow, customers, debt, insiders, guidance and what sits behind the headline numbers. · 4 findings−10 of −35
- −4Partner leaves the platformWaymo and Uber ended their cooperation in Phoenix in May 2026. Waymo is lifting exclusivity in Austin and Atlanta and launching its own app there from January 2028; the current fleet stays on Uber until May 2028. The disagreement is about economics, routing and cleaning. The leading AV operator is thus choosing to compete rather than distribute via Uber.
- −3Litigation and regulationThe FTC and 21 states plus DC are suing Uber over deceptive Uber One subscriptions (sign-up without consent, up to 23 screens to cancel). Trial is set for 20/9/2027, and a private class action was filed on 1/10/2026. Q2 included $141m in new legal and regulatory provisions.
- −2Quality of cash flowFCF of $10.1bn TTM is flattered by share-based pay ($1.94bn, not a cash expense) and by growing insurance provisions (+$0.8bn in H1 2026; $387m of Q2's operating cash flow). These are reserves for future claims, not free cash.
- −1DebtNet debt has risen from USD 0.1bn (end 2025) to USD 4.7bn (June 2026). Buybacks, acquisitions and investments have swallowed the cash, and net borrowing rose USD 1.7bn TTM.
Plus
Only documented strengths. · 2 findings+6 of +15
- +4Insider buyingCEO Dara Khosrowshahi bought 141,000 shares in the market on 10/9/2026 at about $70.96 (about $10m) and now owns 1.37m shares directly. It is a genuine purchase (code P), not an option exercise.
- +2Buybacks from FCFBuybacks of USD 6.9bn TTM are covered by FCF (USD 10.1bn, or USD 8.2bn after share-based pay). The diluted average share count fell from about 2,126 to 2,050m (Q2 2025 to Q2 2026), and the cash flow statement confirms that the buybacks exceed the share-based pay.
Caveats
What the score does not capture, or where the data is weak.
GAAP earnings are heavily distorted: TTM includes a tax gain of $4.9bn (release of valuation allowance on Dutch deferred tax assets, Q3 2025) and about $3.1bn in gains on equity stakes (Q3 2025 and Q2 2026). Trailing P/E 15.6 and thus PEG 0.65 are based on inflated earnings; adjusted trailing P/E is about 28. Robotaxi risk cannot be quantified. The stock is down 24% in 52 weeks, just above the 25% safeguard for stale price targets. The Q3 report comes on 4/11 and is not included. The sexual assault cases are not examined.
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