Upstart Holdings, Inc. (UPST) P/E Ratio History
Deep ValueTrading at 57.7x · 9th percentile of 5-year range · Significant discount to historical valuation · Data 2020–2026
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P/E Ratio Analysis
As of September 23, 2026, Upstart Holdings, Inc. (UPST) trades at a price-to-earnings ratio of 57.7x, with a stock price of $25.97 and trailing twelve-month earnings per share of $0.55.
The current P/E is 62% below its 5-year average of 150.0x. 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 9th percentile of its historical range.
Compared to the Financial Services sector median P/E of 14.1x, UPST trades at a 309% premium to its sector peers. The sector includes 804 companies with P/E ratios ranging from 0.0x to 150.0x.
The PEG ratio of 4.02 (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 25.5x. 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% | |
| $22B | 44.0 | - | +0% | |
| $24B | 478.5 | - | +109% | |
| $381M | 15.6 | - | +127% | |
| $363M | 2.4Lowest | - | +443%Best | |
| $4B | 14.6 | - | +56% | |
| $7B | 9.0 | 2.29Best | +55% | |
| $12B | 16.5 | - | +32% | |
| $123B | 49.8 | - | -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 Q2 | - | $35.43 | $0.51 | 69.3x | -54% |
| FY2026 Q1 | - | $25.65 | $0.41 | 63.2x | -58% |
| FY2025 Q4 | Dec 31 2025 | $43.73 | $0.45 | 97.5x | -35% |
| FY2025 Q3 | - | $50.80 | $0.25 | 204.3x | +36% |
| FY2022 Q2 | - | $31.62 | $0.88 | 35.9x | -76% |
| FY2022 Q1 | - | $109.09 | $1.63 | 66.9x | -55% |
| FY2021 Q4 | Dec 31 2021 | $151.30 | $1.40 | 108.1x | -28% |
| FY2021 Q3 | - | $316.44 | $0.84 | 376.9x | +151% |
| FY2021 Q2 | Jun 30 2021 | $124.90 | $0.64 | 195.7x | +30% |
| FY2021 Q1 | Mar 31 2021 | $128.86 | $0.35 | 370.0x | +147% |
| FY2020 Q4 | - | $40.75 | $0.66 | 61.9x | -59% |
Average P/E for displayed period: 150.0x
UPST Chart Terminal
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Intrinsic Valuation
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Historical Returns
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Peer Comparison
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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 57.7x, based on TTM diluted EPS of $0.55. The 5-year average P/E is 150.0x and the historical range spans 35.9x to 376.9x.
Is UPST stock overvalued or undervalued?
UPST trades at 57.7x P/E, below its 5-year average of 150.0x. At the 9th 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 57.7x is below the 5-year average of 150.0x and sits at the 9th 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 97.5x and an average of 150.0x. The current P/E of 57.7x places the stock at the 9th 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 57.7x P/E versus the S&P 500 median of 25.5x. The 126% 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 57.7x compares to the Financial Services sector median of 14.1x. 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 4.02, based on a P/E of 57.7x 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 1.73%, the inverse of its 57.7x 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.