UPST Relative Valuation
UPST's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average, adjusted by weights. If the market price exceeds this fair value range, UPST is overvalued; if below, it's undervalued.
Historical Valuation
Upstart Holdings Inc (UPST) is now in the Fair zone, suggesting that its current forward PS ratio of 3.70 is considered Fairly compared with the five-year average of -182.11. The fair price of Upstart Holdings Inc (UPST) is between 23.27 to 132.63 according to relative valuation methord.
Relative Value
Fair Zone
23.27-132.63
Current Price：50.32
Fair
20.63
PE
1Y
3Y
5Y
19.75
EV/EBITDA
Upstart Holdings Inc. (UPST) has a current EV/EBITDA of 19.75. The 5-year average EV/EBITDA is 92.81. The thresholds are as follows: Strongly Undervalued below -299.94, Undervalued between -299.94 and -103.57, Fairly Valued between 289.18 and -103.57, Overvalued between 289.18 and 485.55, and Strongly Overvalued above 485.55. The current Forward EV/EBITDA of 19.75 falls within the Historic Trend Line -Fairly Valued range.
55.75
EV/EBIT
Upstart Holdings Inc. (UPST) has a current EV/EBIT of 55.75. The 5-year average EV/EBIT is -60.30. The thresholds are as follows: Strongly Undervalued below -815.01, Undervalued between -815.01 and -437.65, Fairly Valued between 317.06 and -437.65, Overvalued between 317.06 and 694.42, and Strongly Overvalued above 694.42. The current Forward EV/EBIT of 55.75 falls within the Historic Trend Line -Fairly Valued range.
3.70
PS
Upstart Holdings Inc. (UPST) has a current PS of 3.70. The 5-year average PS is 6.62. The thresholds are as follows: Strongly Undervalued below -3.43, Undervalued between -3.43 and 1.60, Fairly Valued between 11.64 and 1.60, Overvalued between 11.64 and 16.67, and Strongly Overvalued above 16.67. The current Forward PS of 3.70 falls within the Historic Trend Line -Fairly Valued range.
35.12
P/OCF
Upstart Holdings Inc. (UPST) has a current P/OCF of 35.12. The 5-year average P/OCF is 65.34. The thresholds are as follows: Strongly Undervalued below -175.86, Undervalued between -175.86 and -55.26, Fairly Valued between 185.94 and -55.26, Overvalued between 185.94 and 306.54, and Strongly Overvalued above 306.54. The current Forward P/OCF of 35.12 falls within the Historic Trend Line -Fairly Valued range.
36.93
P/FCF
Upstart Holdings Inc. (UPST) has a current P/FCF of 36.93. The 5-year average P/FCF is -21.27. The thresholds are as follows: Strongly Undervalued below -343.82, Undervalued between -343.82 and -182.54, Fairly Valued between 140.00 and -182.54, Overvalued between 140.00 and 301.28, and Strongly Overvalued above 301.28. The current Forward P/FCF of 36.93 falls within the Historic Trend Line -Fairly Valued range.
Upstart Holdings Inc (UPST) has a current Price-to-Book (P/B) ratio of 6.00. Compared to its 3-year average P/B ratio of 5.68 , the current P/B ratio is approximately 5.62% higher. Relative to its 5-year average P/B ratio of 9.39, the current P/B ratio is about -36.12% higher. Upstart Holdings Inc (UPST) has a Forward Free Cash Flow (FCF) yield of approximately -8.24%. Compared to its 3-year average FCF yield of -9.30%, the current FCF yield is approximately -11.42% lower. Relative to its 5-year average FCF yield of -7.78% , the current FCF yield is about 5.89% lower.
6.00
P/B
Median3y
5.68
Median5y
9.39
-8.24
FCF Yield
Median3y
-9.30
Median5y
-7.78
Competitors Valuation Multiple
The average P/S ratio for UPST's competitors is 1.89, providing a benchmark for relative valuation. Upstart Holdings Inc Corp (UPST) exhibits a P/S ratio of 3.70, which is 96.01% above the industry average. Given its robust revenue growth of 65.35%, this premium appears sustainable.
Performance Decomposition
1Y
3Y
5Y
Market capitalization of UPST decreased by 22.28% over the past 1 year. The primary factor behind the change was an increase in P/E Change from 44.99 to 178.70.
The secondary factor is the Revenue Growth, contributed 65.35%to the performance.
Overall, the performance of UPST in the past 1 year is driven by P/E Change. Which is more unsustainable.
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Frequently Asked Questions
Is Upstart Holdings Inc (UPST) currently overvalued or undervalued?
Upstart Holdings Inc (UPST) is now in the Fair zone, suggesting that its current forward PS ratio of 3.70 is considered Fairly compared with the five-year average of -182.11. The fair price of Upstart Holdings Inc (UPST) is between 23.27 to 132.63 according to relative valuation methord.
What is Upstart Holdings Inc (UPST) fair value?
UPST's fair value is calculated using relative valuation, based on historical P/E and P/S ranges and their premiums/discounts relative to a competitor average , adjusted by weights. The fair price of Upstart Holdings Inc (UPST) is between 23.27 to 132.63 according to relative valuation methord.
How does UPST's valuation metrics compare to the industry average?
The average P/S ratio for UPST's competitors is 1.89, providing a benchmark for relative valuation. Upstart Holdings Inc Corp (UPST) exhibits a P/S ratio of 3.70, which is 96.01% above the industry average. Given its robust revenue growth of 65.35%, this premium appears sustainable.
What is the current P/B ratio for Upstart Holdings Inc (UPST) as of Jan 08 2026?
As of Jan 08 2026, Upstart Holdings Inc (UPST) has a P/B ratio of 6.00. This indicates that the market values UPST at 6.00 times its book value.
What is the current FCF Yield for Upstart Holdings Inc (UPST) as of Jan 08 2026?
As of Jan 08 2026, Upstart Holdings Inc (UPST) has a FCF Yield of -8.24%. This means that for every dollar of Upstart Holdings Inc’s market capitalization, the company generates -8.24 cents in free cash flow.
What is the current Forward P/E ratio for Upstart Holdings Inc (UPST) as of Jan 08 2026?
As of Jan 08 2026, Upstart Holdings Inc (UPST) has a Forward P/E ratio of 20.63. This means the market is willing to pay $20.63 for every dollar of Upstart Holdings Inc’s expected earnings over the next 12 months.
What is the current Forward P/S ratio for Upstart Holdings Inc (UPST) as of Jan 08 2026?
As of Jan 08 2026, Upstart Holdings Inc (UPST) has a Forward P/S ratio of 3.70. This means the market is valuing UPST at $3.70 for every dollar of expected revenue over the next 12 months.