What is UBER's intrinsic value?

TickerWorth's blended fair value for Uber Technologies, Inc. (UBER) is $66.33 per share, versus a market price of $69.97 (priced within our range of $30.94 – $88.82).

Is UBER overvalued or undervalued?

Priced within our range of $30.94 – $88.82 at $69.97. We don't call UBER overvalued or undervalued from a range. This is an educational estimate, not advice.

What discount rate is used for UBER?

A WACC of 10.5% and a terminal growth rate of 2.5%.

Is Uber Technologies stock undervalued?

TickerWorth's fair value for Uber Technologies, Inc. (UBER) is $66.33 against a market price of $69.97. Our read: Priced within our range of $30.94 – $88.82. This is a model estimate, not investment advice.

Uber Technologies (UBER) DCF valuation and fair value

Our fair value for Uber Technologies, Inc. (UBER) is $66.33, built on a 10.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.

What growth is priced into Uber Technologies stock?

Today's price implies revenue growth of 12.3% a year for 5 years; our model assumes 11.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $69.97. A model estimate, not investment advice.

Uber Technologies (UBER) insider trading

The most recent insider filing (SEC Form 4) for Uber Technologies, Inc. (UBER): Ceremony Glen, See Remarks, option exercise on 2026-09-16. The latest filings are listed on this page. A disclosure, not a signal to trade.

UBER · Intrinsic value

Is Uber Technologies, Inc. (UBER) overvalued or undervalued?

Name: Uber Technologies, Inc. (UBER) DCF intrinsic value
Creator: TickerWorth

Uber Technologies, Inc. (UBER) trades at the delayed market price of $69.97 a share. That price already implies revenue growth of 12.3% a year for 5 years. TickerWorth's fair value is $66.33 a share (priced within our range of $30.94 – $88.82). We do not call it over- or undervalued from inside our range.

Model by Miraaj Patel · generated from a hand-researched model · Updated Oct 19, 2026 · How these pages are made

Open full UBER analysis

Is UBER fairly valued?

Backup data source

This price comes from our backup market-data feed.

Fair value: $66.33
Market price: $69.97
Downside to fair value: 5.2%
Verdict: Priced within our range of $30.94 – $88.82

Price as of 19 Oct 2026, 13:54 UTC · Prices are delayed.

Fair value against the delayed market price: Priced within our range of $30.94 – $88.82.

Reverse DCF: Today's price implies revenue growth of 12.3% a year for 5 years; our model assumes 11.6% a year on average over the same horizon.

What is UBER's TickerWorth Score?

C46/100

Middle of the pack — real strengths and real weaknesses

Compared with Technology companies in US

Its strongest point: looks cheap on the numbers. Its weakest: recent price trend has been weak.

Value · 68 of 100
Cheaper than 68% of Technology companies in US
Price vs worth · 46 of 100
Quality · 57 of 100
More profitable than 57% of Technology companies in US
Financial health · 31 of 100
Financially stronger than 31% of Technology companies in US
Growth · 34 of 100
Growing faster than 34% of Technology companies in US
Momentum · 11 of 100
Outperformed 11% of Technology companies in US over the past year

Confidence: High confidence · Scored 19 Oct 2026, 13:54 UTC

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Where the numbers come from

Hand-researched model

What the modeller flagged

KNOWN GAP — THE ROBOTAXI FLEET IS NOT IN CAPEX. Capex is held at 0.9% of revenue, the asset-light run rate. The ~$7.5B of announced robotaxi purchases would be 2-3% of revenue a year if spent over 2027-2029. Excluded because the fleet's revenue and costs are not in the forecast either — treating it as an investment that earns its cost of capital is value-neutral. If it earns NOTHING, spending $7.5B evenly over 2027-2029 costs ~$2.70/share in present value (an estimate); if spread differently or bought by partner fleet operators, less. This is the market's central worry and the model's weakest spot — sized, not buried.
YEAR-1 FCF IS ~37% BELOW UBER'S REPORTED FCF ($6.1B modelled vs $9,763M for FY2025) — past the 20% threshold, so decomposed. Applying the model's treatment to FY2025 itself gives ~$4.3B ($5,565M EBIT x 77% + D&A - capex at 0.9% each). The $5.5B gap is: SBC $1,826M (non-cash, kept as a cost under house rules), the $2,660M insurance-reserve build (float, mostly collateralized), and ~$0.9B from normalizing tax to 23% against $345M of cash tax actually paid. Deliberate haircuts, not a forecasting error; together they are why the model can look cheap-or-fair on a stock trading at ~14x trailing reported FCF.
TERMINAL VALUE IS ~74% OF ENTERPRISE VALUE — just under the 75% line. The five explicit years carry ~26%. With a 10.5% WACC the sensitivity range is wide (~$50 to ~$92); treat the point value as the middle of a range.
THE MODEL AND THE MARKET BROADLY AGREE. The value lands ~5% below the 2 Oct close. Small, defensible changes cross the price in either direction: published beta 1.0 (+$7), a 21% tax rate (+$1.50), counting the insurance float (+$6), 3% terminal growth (+$3); or leaving out the equity stakes (-$5.60), writing off the robotaxi programme (-$2.70). Read this as 'roughly fairly priced on these assumptions', not as a call.
LEGAL AND REGULATORY CHARGES ARE KEPT AS A COST. Uber excludes 'legal, non-income tax and regulatory reserve changes' from its non-GAAP figures; they were $1,123M in FY2024 and $564M in FY2025 (driver classification, indirect tax). They recur, so they stay in GAAP EBIT here; Year 1 assumes $250M in H2 2026. The open UK VAT dispute (~$1.8B paid under appeal, more assessments expected for 2023-2025) is a cash risk the model does not include either way.
DRIVER-CLASSIFICATION RISK IS NOT IN THE NUMBERS. The 10-Q is explicit that reclassifying drivers as employees would mean 'significant additional expenses'. The margin path assumes the current independent-contractor model (with Prop 22-style costs) holds in the major markets.
SBC of $1,826M (3.5% of revenue) is expensed inside GAAP EBIT and not added back; the diluted share count captures dilution, and buybacks are currently shrinking it ~3.5% a year. The per-share value does not credit future buybacks.

UBER DCF valuation, input by input

TickerWorth's fair value for Uber Technologies, Inc. (UBER) is $66.33 a share, against the delayed market price of $69.97 (priced within our range of $30.94 – $88.82). We do not call it over- or undervalued from inside our range. It is a model estimate, and every input behind it is sourced below. This is an educational model, not a price target or a recommendation.

Read the full reasoning

One of the lenses behind that blended figure is a discounted-cash-flow model, which on its own values UBER at about $64.56 per share. The rest of this page walks through that DCF — its assumptions, reverse-DCF and discount-rate sensitivity — because it is the auditable anchor of the blend.

The valuation discounts Uber Technologies, Inc.'s projected free cash flows at a weighted-average cost of capital (WACC) of 10.5%, with a long-run terminal growth rate of 2.5%. About 74% of the enterprise value comes from the terminal value — the portion beyond the explicit forecast window — which is typical for a stable, cash-generative business and a reminder that small changes in the discount rate or terminal growth assumption swing the intrinsic value meaningfully.

Running the DCF in reverse — solving for the growth the current price already assumes — the market is implying roughly 12.3% annual revenue growth for UBER. Our base case instead compounds to about 11.6% a year over the same forecast, so the market's implied growth is broadly in line with our base case. The reverse-DCF is a quick sanity check: it reframes 'is this stock cheap?' as 'do I believe the growth the price requires?' rather than arguing over a single point estimate of fair value.

Sensitivity matters more than any single number. Across a reasonable band of discount-rate assumptions, UBER's modeled DCF value ranges from about $50.25 to $91.71 per share. If that range still sits below today's price, the market is optimistic relative to the model across the whole band; if it brackets the price, the stock is roughly fairly valued on our assumptions. Use the interactive slider to see exactly where your own cost-of-capital view lands.

How to read this page: the DCF fair value is what Uber Technologies, Inc. would be worth if its cash flows grow as modeled and are discounted at the stated WACC. The assumptions table shows every input and its source; the reverse-DCF shows what the market believes; the sensitivity band shows how fragile the answer is. None of this is investment advice — it is a transparent, auditable framework for forming your own view of UBER's intrinsic value. Figures update as new filings and prices come in.

Every input behind UBER's DCF

Input	Value	Source
Base-year revenueUber FY2025 10-K (accession 0001543151-26-000015, filed 2026-02-13): us-gaap:Revenues FY2025 = $52,017M, +18.3% on FY2024's $43,978M (+18% constant currency), against Gross Bookings of $193,454M (+19%). UNCHANGED as the base; the new quarters belong in the forecast. CROSS-CHECK: H1 2026 revenue $27,394M is +13.3% on H1 2025's $24,184M — but that growth rate is NOT comparable, because from 2026-01-02 Uber moved certain UK Mobility markets to an agency model and now records driver payments as a reduction of revenue. The 10-Q puts the H1 2026 revenue hit at $2.1B ($1.1B in Q2). Gross Bookings grew 25% in H1. See forecast.revenue_growth.	$52,017,000,000	Uber FY2025 10-K (accession 0001543151-26-000015, filed 2026-02-13): us-gaap:Revenues FY2025 = $52,017M, +18.3% on FY2024's $43,978M (+18% constant currency), against Gross Bookings of $193,454M (+19%). UNCHANGED as the base; the new quarters belong in the forecast. CROSS-CHECK: H1 2026 revenue $27,394M is +13.3% on H1 2025's $24,184M — but that growth rate is NOT comparable, because from 2026-01-02 Uber moved certain UK Mobility markets to an agency model and now records driver payments as a reduction of revenue. The 10-Q puts the H1 2026 revenue hit at $2.1B ($1.1B in Q2). Gross Bookings grew 25% in H1. See forecast.revenue_growth.
Base EBIT marginUber FY2025 10-K (accession 0001543151-26-000015, filed 2026-02-13) + Uber Q4/FY2025 earnings release, 8-K Ex-99.1 (accession 0001543151-26-000011, filed 2026-02-04): GAAP income from operations $5,565M / revenue $52,017M = 10.70%. This is the OPERATING line, deliberately — Uber's GAAP net income ($10,053M) is useless for a DCF: it includes a $5.0B tax-valuation-allowance release and equity-stake revaluations, none of which is operating profit. Nothing is added back: the $564M of 'legal, non-income tax and regulatory reserve changes' (mostly driver-classification matters; $1,123M in FY2024) and $268M of acquired-intangible amortization that Uber excludes from its Non-GAAP Operating Income ($6,453M, 12.4%) STAY IN here, because they have recurred every year and are paid in cash. SBC ($1,826M, 3.5% of revenue) is also inside. CROSS-CHECK, H1 2026: $3,813M / $27,394M = 13.92% (H1 2025: 11.07%). About one point of that lift is the UK reclassification shrinking the denominator rather than a better business; the rest is genuine operating leverage (Non-GAAP Operating Income +40% in Q2 on Gross Bookings +24%).	10.7%	Uber FY2025 10-K (accession 0001543151-26-000015, filed 2026-02-13) + Uber Q4/FY2025 earnings release, 8-K Ex-99.1 (accession 0001543151-26-000011, filed 2026-02-04): GAAP income from operations $5,565M / revenue $52,017M = 10.70%. This is the OPERATING line, deliberately — Uber's GAAP net income ($10,053M) is useless for a DCF: it includes a $5.0B tax-valuation-allowance release and equity-stake revaluations, none of which is operating profit. Nothing is added back: the $564M of 'legal, non-income tax and regulatory reserve changes' (mostly driver-classification matters; $1,123M in FY2024) and $268M of acquired-intangible amortization that Uber excludes from its Non-GAAP Operating Income ($6,453M, 12.4%) STAY IN here, because they have recurred every year and are paid in cash. SBC ($1,826M, 3.5% of revenue) is also inside. CROSS-CHECK, H1 2026: $3,813M / $27,394M = 13.92% (H1 2025: 11.07%). About one point of that lift is the UK reclassification shrinking the denominator rather than a better business; the rest is genuine operating leverage (Non-GAAP Operating Income +40% in Q2 on Gross Bookings +24%).
Forecast revenue growthESTIMATEAssumption — TickerWorth's 5-year explicit forecast	10% → 15% → 13% → 11% → 9%	ESTIMATEAssumption — TickerWorth's 5-year explicit forecast
Risk-free rateUS 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation; the house rate shared by every model in this tracker.	5.2%	US 10Y Treasury constant maturity (FRED DGS10): 5.24% on 2026-10-01, the latest published observation; the house rate shared by every model in this tracker.
BetaYahoo Finance 5Y-monthly beta via yfinance: Published 5Y-monthly beta 1.159, read 2026-10-03. Used AS PUBLISHED — no normalization. It is plausible for a high-growth consumer platform with a cyclical, discretionary-spend tail, and the window (2021-2026) is post-IPO-lockup and post-pandemic, so it describes the current company. Cost of equity = 5.24% + 1.159 x 5.0% = 11.04%. SENSITIVITY: 1.0 lifts the value to ~$71; 1.3 lowers it to ~$60. The beta that exactly justifies today's price is ~1.07.	1.16	Yahoo Finance 5Y-monthly beta via yfinance: Published 5Y-monthly beta 1.159, read 2026-10-03. Used AS PUBLISHED — no normalization. It is plausible for a high-growth consumer platform with a cyclical, discretionary-spend tail, and the window (2021-2026) is post-IPO-lockup and post-pandemic, so it describes the current company. Cost of equity = 5.24% + 1.159 x 5.0% = 11.04%. SENSITIVITY: 1.0 lifts the value to ~$71; 1.3 lowers it to ~$60. The beta that exactly justifies today's price is ~1.07.
Terminal growthESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. Arguably conservative for a platform still growing Gross Bookings ~20%: the jump from 9% growth in 2030 to 2.5% forever is abrupt, and a 3.0% terminal rate lifts the value to ~$68, essentially today's price. Must remain well below the 10.52% WACC; it does.	2.5%	ESTIMATEAssumption — house default: House default 2.5% (roughly long-run nominal GDP), kept for comparability. Arguably conservative for a platform still growing Gross Bookings ~20%: the jump from 9% growth in 2030 to 2.5% forever is abrupt, and a 3.0% terminal rate lifts the value to ~$68, essentially today's price. Must remain well below the 10.52% WACC; it does.
Diluted sharesUber Q2 2026 earnings release, 8-K Ex-99.1 (accession 0001543151-26-000027, filed 2026-08-05) + Uber Q2 2026 10-Q (accession 0001543151-26-000032, filed 2026-08-05): Q2 2026 weighted-average diluted shares 2,050,225K (H1 2026 2,060,763K; FY2025 2,119,689K). 2,042.56M were outstanding on 2026-07-31. The count is FALLING ~3.5% a year: $3,529M of buybacks in H1 2026 alone, with $15.7B of authorization left. The 2028 convertible (conversion price $72.54) is just out of the money at today's price and its $1,725M principal is in debt.	2,050M	Uber Q2 2026 earnings release, 8-K Ex-99.1 (accession 0001543151-26-000027, filed 2026-08-05) + Uber Q2 2026 10-Q (accession 0001543151-26-000032, filed 2026-08-05): Q2 2026 weighted-average diluted shares 2,050,225K (H1 2026 2,060,763K; FY2025 2,119,689K). 2,042.56M were outstanding on 2026-07-31. The count is FALLING ~3.5% a year: $3,529M of buybacks in H1 2026 alone, with $15.7B of authorization left. The 2028 convertible (conversion price $72.54) is just out of the money at today's price and its $1,725M principal is in debt.
Market priceBackup price feed · as of 2026-10-19 13:54 UTC	$69.97	Backup price feed · as of 2026-10-19 13:54 UTC

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What does Uber Technologies, Inc. do?

What does it do?

Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates in the Software - Application industry (Technology sector), headquartered in United States. The company employs roughly 36,600 people.

How does it make money?

The business turns $55.2B in annual revenue into profit. Out of every $100 of sales, about $13 is left as operating profit (operating margin of 13.3%), after a 41% gross margin on the products/services it sells. After all costs, taxes and interest, 17.3% of revenue becomes bottom-line net profit.

Is it financially healthy?

Financially it looks stretched: carries modest debt (0.5× equity), may struggle to cover its short-term bills (0.8× current ratio), and is currently profitable.

Who at UBER filed insider trades?

Recent insider filings for Uber Technologies, Inc.
Date	Insider	Relationship	What happened	Value	Filing
16 Sept 2026	Ceremony Glen	See Remarks	Option exercise	—	Form 4 for Ceremony Glen (opens sec.gov in a new tab)
16 Sept 2026	Ceremony Glen	See Remarks	Option exercise	—	Form 4 for Ceremony Glen (opens sec.gov in a new tab)
16 Sept 2026	Ceremony Glen	See Remarks	Option exercise	—	Form 4 for Ceremony Glen (opens sec.gov in a new tab)
16 Sept 2026	Ceremony Glen	See Remarks	Option exercise	—	Form 4 for Ceremony Glen (opens sec.gov in a new tab)
16 Sept 2026	Ceremony Glen	See Remarks	Shares withheld (tax)	$24,981.44	Form 4 for Ceremony Glen (opens sec.gov in a new tab)
16 Sept 2026	Ceremony Glen	See Remarks	Shares withheld (tax)	$24,200.77	Form 4 for Ceremony Glen (opens sec.gov in a new tab)

A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans

Common questions

What is UBER's intrinsic value?
TickerWorth's blended fair value for Uber Technologies, Inc. (UBER) is $66.33 per share, versus a market price of $69.97 (priced within our range of $30.94 – $88.82).
Is UBER overvalued or undervalued?
Priced within our range of $30.94 – $88.82 at $69.97. We don't call UBER overvalued or undervalued from a range. This is an educational estimate, not advice.
What discount rate is used for UBER?
A WACC of 10.5% and a terminal growth rate of 2.5%.
Is Uber Technologies stock undervalued?
TickerWorth's fair value for Uber Technologies, Inc. (UBER) is $66.33 against a market price of $69.97. Our read: Priced within our range of $30.94 – $88.82. This is a model estimate, not investment advice.
Uber Technologies (UBER) DCF valuation and fair value
Our fair value for Uber Technologies, Inc. (UBER) is $66.33, built on a 10.5% discount rate (WACC) and 2.5% terminal growth. It blends our discounted-cash-flow model with other valuation lenses. Every assumption is listed on this page with its source.
What growth is priced into Uber Technologies stock?
Today's price implies revenue growth of 12.3% a year for 5 years; our model assumes 11.6% a year on average over the same horizon. This is a reverse DCF: it holds our cash-flow model's other inputs and solves for the revenue growth that makes the model equal today's price of $69.97. A model estimate, not investment advice.
Uber Technologies (UBER) insider trading
The most recent insider filing (SEC Form 4) for Uber Technologies, Inc. (UBER): Ceremony Glen, See Remarks, option exercise on 2026-09-16. The latest filings are listed on this page. A disclosure, not a signal to trade.