Maplebear Inc. (CART) is a publicly traded company in the Technology — Software - Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally. The company offers Instacart Marketplace which helps retailers serve customers’ needs by supporting fulfillment options, shopping occasions, and categories; Instacart Enterprise platform, an end-to-end technology solution for retailers across all aspects of business; and Instacart Ads, enables brands to learn more abou...
Is Maplebear Inc. stock overvalued or undervalued in 2026?
Maplebear Inc. (CART) trades at 31.9× earnings (P/E), in line with the median of the 314 technology companies over $2bn in Kaplio's universe. At its sector median (32.0×) $59 (0 %).
Kaplio overview: Maplebear Inc.
Market cap $14B · 52 weeks $33 – $61 (4 % below the high) · P/E 31.9× · 2027 expected P/E 19.7× · Dividend none · Next earnings November 5, 2026 · expected EPS $0.63 · Closing price, Oct 28 · accounts published Aug 6.
- Valuation: P/E 31.9× (fairly priced).
- Business: ROIC 18 % (fair).
- Balance sheet: Net cash/EBITDA 0.9× (solid).
- Earnings: 4 of 8 (uneven).
What would it be worth at its usual multiples?
At its sector median (32.0×) $59 (0 %). Implied price from applying the reference multiples to today's earnings (or book value, or FFO) per share. Not a fair value: it is where the stock would trade at its usual multiples.
What matters in technology: 8 of 8 pass
- 3y revenue growth 15.8 %, passes, near the threshold.
- Rule of 40 (SaaS only) 40, passes.
- Gross margin 73.7 %, passes, near the threshold.
- FCF / Revenue 24.3 %, passes.
- ROIC 17.6 %, passes.
- SBC / Revenue 9.4 %, passes, near the threshold.
- Net debt / EBITDA −0.9×, passes.
- EV/EBITDA vs own 5y 17.7×, passes.
Against its peers (reference peers) — Maplebear Inc.: P/E 31.9×; EV/EBITDA 17.7×; ROIC 17.6 %; $13.9B. Sea Limited (P/E 29.0×; EV/EBITDA 16.2×; ROIC 8.3 %; $45.7B), eBay Inc. (P/E 24.4×; EV/EBITDA 18.3×; ROIC 15.5 %; $52.5B), SPS Commerce, Inc. (P/E 41.4×; EV/EBITDA 15.6×; ROIC 9.3 %; $3.1B).
Profitability
| Return on Equity | 17.63% |
| Return on Invested Capital | 17.57% |
| Return on Assets | 13.68% |
| Gross Margin | 72.43% |
| Operating Margin | 14.80% |
| Net Margin | 12.02% |
Financial Health
| Debt / Equity | 0.01 |
| Current Ratio | 2.28 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 6.21 |
Price Performance
| 1 month | +34.33% |
| 3 months | +30.99% |
| Year-to-date | +29.88% |
| 1 year | +54.59% |
| 3 years | +126.17% |
Related companies: SPSC · SHOP · MELI · DASH · EBAY · BABA · SE
Explore sector: Technology · Software - Services
More sections of CART: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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