Question 1

What is Upstart Holdings's P/E ratio?

Accepted Answer

Upstart Holdings (UPST) P/E ratio is 56.2× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Upstart Holdings?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Upstart Holdings specifically, the relevant sector benchmark is the current sector median of 13.1×.

Question 5

Is Upstart Holdings's P/E ratio high or low?

Accepted Answer

Upstart Holdings's P/E ratio of 56.2× is below its own 5-year average of 154.3× and above the sector median of 13.1×. That places the current reading at the 26th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Upstart Holdings's historical P/E ratio range?

Accepted Answer

In the available daily series, Upstart Holdings (UPST) P/E ratio has ranged from a low of 13.7× in 2022 to a high of 1120.0× in 2021. The 5-year average is 154.3× and the 5-year median is 109.8×.

Question 7

What was Upstart Holdings's P/E ratio in 2025?

Accepted Answer

Upstart Holdings (UPST) P/E ratio at the end of 2025 was 79.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does Upstart Holdings's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$4.27B	$53.6M	79.6×	—	Dec 31, 2025
2024	$5.68B	-$129M	—	—	Dec 31, 2024
2023	$3.5B	-$240M	—	—	Dec 31, 2023
2022	$1.09B	-$109M	—	—	Dec 31, 2022
2021	$14.9B	$135M	109.8×	-67.3×	Dec 31, 2021
2020	$1.06B	$5.98M	177.1×	—	Dec 31, 2020


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P/E Ratio for Upstart Holdings (UPST) 2020-2026

P/E Ratio daily chart for Upstart Holdings (UPST)

Historical P/E Ratio for Upstart Holdings (UPST) from 2020 to 2025

About P/E Ratio at Upstart Holdings (UPST)

Upstart Holdings P/E Ratio by Year

Upstart Holdings P/E Ratio 2025: 79.6×

Upstart Holdings P/E Ratio 2021: 109.8×

Upstart Holdings P/E Ratio 2020: 177.1×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Upstart Holdings (UPST) Key Financials