Instacart (Maplebear Inc.) (CART) P/E Ratio History
Historical price-to-earnings valuation from 2024 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 2, 2026, Instacart (Maplebear Inc.) (CART) trades at a price-to-earnings ratio of 23.7x, with a stock price of $37.51 and trailing twelve-month earnings per share of $1.82.
The current P/E is roughly in line with its 5-year average of 24.7x. Over the past five years, CART's P/E has ranged from a low of 20.1x to a high of 26.1x, placing the current valuation at the 20th percentile of its historical range.
Compared to the Consumer Cyclical sector median P/E of 18.8x, CART trades at a 27% premium to its sector peers. The sector includes 304 companies with P/E ratios ranging from 0.1x to 189.6x.
Relative to the broader market, CART trades roughly in line with the S&P 500 median P/E of 26.2x. 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.
Peer Comparison
P/E metrics vs. Grocery, Convenience and Fuel Retail peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
CASYCasey's General Stores, Inc. | $25B | 46.8 | 3.01 | +9% |
CARTInstacart (Maplebear Inc.) | $10B | 23.7 | - | +113%Best |
MUSAMurphy USA Inc. | $7B | 16.2 | 0.43Best | -5% |
ARKOArko Corp. | $713M | 42.9 | 2.66 | +15% |
WNWMeiwu Technology Company Limited | $98M | 0.2Lowest | - | +107% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q3 | $36.76 | $1.83 | 20.1x | -19% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $45.24 | $1.74 | 26.0x | +5% |
| 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: 24.7x
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Start ComparisonFrequently Asked Questions
Is CART stock overvalued or undervalued?
CART trades at 23.7x P/E, near its 5-year average of 24.7x. The 20th percentile ranking places valuation within normal historical bounds.
How does CART's valuation compare to peers?
Instacart (Maplebear Inc.) P/E of 23.7x compares to sector median of 18.8x. 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 2024-2025.