Lyft or Uber Technologies: which stock is cheaper in 2026?
As of October 5, 2026, Lyft (LYFT) trades at 2.2× earnings (P/E) and Uber Technologies (UBER) at 15.0×, according to Kaplio. The median across the 250 technology companies above $2bn in Kaplio's universe is 35.2×. A caveat on Lyft: its earnings over the last twelve months are far from what the consensus expects, so its current P/E is not representative.
According to the Kaplio Summary
The same verdict as each company's page: price range by multiples, the four lights, the expected return if consensus is right and what Buffett and Lynch would say today.
| Lyft (LYFT) | Uber Technologies (UBER) | |
|---|---|---|
| Summary valuation | no verdict ($36) | cheap ($160) |
| The four lights | Valuation: P/E 2.2× (no verdict) Business: ROIC 15 % (fair) Balance sheet: Net debt/EBITDA 1.4× (passes, near the threshold) Results: 4 of 8 (uneven) | Valuation: P/E 15.0× (cheap) Business: ROIC 13 % (fair) Balance sheet: Net debt/EBITDA 0.7× (solid) Results: 7 of 8 (on track) |
| Expected return (per year) | — | — |
| Buffett method | not enough data | quality 42 · would not approve |
| Lynch method | not enough data | stalwart · would wait |
Metrics side by side
| Metric | Lyft (LYFT) | Uber Technologies (UBER) |
|---|---|---|
| Overview | ||
| Market Cap | $5.9B | $139B |
| Price | $15.46 | $68.11 |
| Valuation | ||
| P/E | 2.2× | 15.0× |
| P/B | 2.0× | 5.1× |
| P/S | 0.9× | 2.5× |
| EV/EBITDA | 30.4× | 18.9× |
| FCF Yield | 19.2 % | 7.2 % |
| Dividend Yield | 0.0 % | 0.0 % |
| Profitability | ||
| ROIC | 15.0 % | 13.0 % |
| ROE | 115.8 % | 35.7 % |
| Gross Margin | 45.5 % | 42.3 % |
| Operating Margin | -1.8 % | 12.5 % |
| Net Margin | 42.3 % | 17.3 % |
| Growth | ||
| Revenue 5Y CAGR | 21.7 % | 36.1 % |
| EPS 5Y CAGR | — | — |
| FCF 5Y CAGR | — | — |
| Balance Sheet | ||
| Net Debt / EBITDA | 1.4× | 0.7× |
| Debt / Equity | 0.4× | 0.5× |
Trailing twelve months where available; otherwise the latest fiscal year. Growth: five-year compound annual rate.