Instacart (Maplebear Inc.) (CART) P/E Ratio History
Historical price-to-earnings valuation from 2024 to 2026
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CART Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of May 8, 2026, Instacart (Maplebear Inc.) (CART) trades at a price-to-earnings ratio of 25.1x, with a stock price of $40.21 and trailing twelve-month earnings per share of $1.91.
The current P/E is roughly in line with its 5-year average of 24.6x. Over the past five years, CART's P/E has ranged from a low of 20.1x to a high of 28.1x, placing the current valuation at the 29th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 19.6x, CART trades at a 28% premium to its sector peers. The sector includes 301 companies with P/E ratios ranging from 0.1x to 199.0x.
Relative to the broader market, CART trades roughly in line with the S&P 500 median P/E of 25.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our CART DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
CART P/E vs Peers
P/E ratio compared to closely matched public peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $73B | 78.9 | - | +634%Best | |
| $163B | 16.7 | - | +4% | |
| $3.0T | 38.3 | 1.37 | +30% | |
| $1.0T | 47.6 | 4.33 | +13% | |
| $42B | 42.9 | - | -58% | |
| $3B | 14.1Lowest | - | +297% | |
| $4.8T | 36.8 | 1.23 | +34% | |
| $11B | 26.4 | 2.00 | +17% | |
| $8B | 131.2 | 2.80 | -44% | |
| $35B | 19.7 | 0.36Best | -4% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
CART Historical P/E Data (2024–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | $37.46 | $1.79 | 20.9x | -15% | |
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $44.98 | $1.60 | 28.1x | +14% |
| FY2025 Q3 | $36.76 | $1.83 | 20.1x | -18% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $45.24 | $1.74 | 26.0x | +6% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $39.89 | $1.53 | 26.1x | +6% |
| FY2024 Q4 | $41.42 | $1.63 | 25.4x | +3% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $40.74 | $1.58 | 25.8x | +5% |
Average P/E for displayed period: 24.6x
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Start ComparisonCART — Frequently Asked Questions
Quick answers to the most common questions about buying CART stock.
Is CART stock overvalued or undervalued?
CART trades at 25.1x P/E, near its 5-year average of 24.6x. The 29th percentile ranking places valuation within normal historical bounds.
How does CART's valuation compare to peers?
Instacart (Maplebear Inc.) P/E of 25.1x compares to sector median of 19.6x. The premium reflects expected growth above peers.
What is CART's PEG ratio?
CART PEG ratio is N/A. Above 2.0 indicates premium valuation relative to growth rate. Historical P/E data spans 2024-2026.