Upstart Holdings, Inc. (UPST) P/E Ratio History
UndervaluedTrading at 72.1x vs 5Y avg 158.1x · 40th percentile · Below historical baseline · Data 2020–2026
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P/E Ratio Analysis
As of June 22, 2026, Upstart Holdings, Inc. (UPST) trades at a price-to-earnings ratio of 72.1x, with a stock price of $32.43 and trailing twelve-month earnings per share of $0.51.
The current P/E is 54% below its 5-year average of 158.1x. Over the past five years, UPST's P/E has ranged from a low of 35.9x to a high of 376.9x, placing the current valuation at the 40th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.6x, UPST trades at a 431% premium to its sector peers. The sector includes 783 companies with P/E ratios ranging from 0.0x to 196.5x.
The PEG ratio of 5.02 (P/E divided by 131% EPS growth) suggests the stock may be expensive relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, UPST commands a significant premium over the S&P 500 median P/E of 24.4x. 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 UPST 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.
UPST Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
UPST P/E vs Peers
Credit Servicing and Structured Finance peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $2B | 16.7 | - | +156% | |
| $23B | 45.9 | - | +0% | |
| $25B | 492.8 | - | +109% | |
| $236M | 9.7 | - | +127% | |
| $541M | 3.6Lowest | - | +443%Best | |
| $5B | 17.5 | - | +56% | |
| $7B | 8.9 | 2.26Best | +55% | |
| $14B | 19.2 | - | +32% | |
| $125B | 50.0 | - | -65% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
UPST Historical P/E Data (2020–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $25.64 | $0.40 | 63.4x | -60% |
| FY2025 Q4 | Dec 31 2025 | $43.73 | $0.45 | 97.5x | -38% |
| FY2025 Q3 | - | $50.80 | $0.25 | 204.3x | +29% |
| FY2022 Q2 | - | $31.62 | $0.88 | 35.9x | -77% |
| FY2022 Q1 | - | $109.09 | $1.63 | 66.9x | -58% |
| FY2021 Q4 | Dec 31 2021 | $151.30 | $1.40 | 108.1x | -32% |
| FY2021 Q3 | - | $316.44 | $0.84 | 376.9x | +138% |
| FY2021 Q2 | Jun 30 2021 | $124.90 | $0.64 | 195.7x | +24% |
| FY2021 Q1 | Mar 31 2021 | $128.86 | $0.35 | 370.0x | +134% |
| FY2020 Q4 | - | $40.75 | $0.66 | 61.9x | -61% |
Average P/E for displayed period: 158.1x
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
6+ years return with dividends reinvested.
DCA Calculator
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Peer Comparison
Compare growth, multiples, and margins vs sector.
UPST — Frequently Asked Questions
Quick answers to the most common questions about buying UPST stock.
What is UPST's P/E ratio?
Upstart Holdings, Inc. (UPST) trailing twelve-month P/E ratio is 72.1x, based on TTM diluted EPS of $0.51. The 5-year average P/E is 158.1x and the historical range spans 35.9x to 376.9x.
Is UPST stock overvalued or undervalued?
UPST trades at 72.1x P/E, below its 5-year average of 158.1x. At the 40th percentile of its historical range (35.9x–376.9x), the stock is priced at a discount to its own history.
Is UPST stock expensive?
No, UPST is not expensive on a historical basis. The current P/E of 72.1x is below the 5-year average of 158.1x and sits at the 40th percentile of its valuation range.
What is UPST's historical P/E range?
Over the past 5 years, UPST's P/E ratio has ranged from 35.9x to 376.9x, with a median of 108.1x and an average of 158.1x. The current P/E of 72.1x places the stock at the 40th percentile of this range. Full historical data spans 2020–2026.
How does UPST's P/E compare to the S&P 500?
UPST trades at 72.1x P/E versus the S&P 500 median of 24.4x. The 195% premium to the market typically reflects higher expected earnings growth or quality.
How does UPST's valuation compare to Financial Services peers?
Upstart Holdings, Inc. P/E of 72.1x compares to the Financial Services sector median of 13.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is UPST's PEG ratio?
UPST PEG ratio is 5.02, based on a P/E of 72.1x and EPS growth of 131.3%. A PEG above 2.0 indicates a premium valuation relative to earnings growth — typically considered expensive.
What is UPST's earnings yield?
UPST earnings yield is 1.39%, the inverse of its 72.1x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.