Maplebear Inc. (CART) Valuation — DCF, Graham & Comparables

Maplebear Inc. (CART) — Price $58.42 (closing price, October 28, 2026) — Technology — Software - Services — NASDAQ

Latest reported results:

Valuation dashboard for Maplebear Inc. (CART) with P/E 31.92, P/B 5.91, EV/EBITDA 17.74 and dividend yield 0.00%. DCF, Graham Number, EPS growth, peer multiples and dividend discount models plus sector comparison against other Technology companies.

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...

Analysis Summary

Maplebear Inc. reported revenue of $3.74B in the most recent fiscal year, growing at a 5-year CAGR of 20.4%.

Trailing-twelve-month margins: gross margin 72.4%, operating margin 14.8%, net margin 12.0%.

At $58.42 (closing price, October 28, 2026), CART trades at a P/E of 31.92 and an ROE of 17.63%. Market capitalisation stands at $13.9B, placing it among large-cap names.

Balance sheet quality for CART: current ratio of 2.4. A debt-to-equity below 1.0 typically signals conservative capital structure, while a current ratio above 1.5 indicates comfortable short-term liquidity.

Valuation Ratios

P/E Ratio31.92
Price / Book5.91
EV / EBITDA17.74
Dividend Yield0.00%

Valuation Models

DCF Fair Value$-11.75
vs Current Price-120.1%

Peer Comparison

SymbolCompanyMarket CapP/EP/BROE
CARTMaplebear Inc.$13.9B31.925.9117.6%
SPSCSPS Commerce, Inc.$3.1B41.353.588.1%
SHOPShopify Inc.$218.9B113.2117.1815.1%
MELIMercadoLibre, Inc.$91.8B49.2610.8326.5%
DASHDoorDash, Inc.$73.4B88.747.428.5%
EBAYeBay Inc.$52.5B24.4311.1546.1%
BABAAlibaba Group Holding Limited$248.2B21.711.507.0%
SESea Limited$45.7B29.033.5713.5%

Price

Price$58.42 (closing price, October 28, 2026)
Market Cap$13.9B
ExchangeNASDAQ
CountryUS

Profitability

Return on Equity17.63%
Return on Invested Capital17.57%
Return on Assets13.68%
Gross Margin72.43%
Operating Margin14.80%
Net Margin12.02%

Related companies: SPSC · SHOP · MELI · DASH · EBAY · BABA · SE

Explore sector: Technology · Software - Services

More sections of CART: Overview · Financials · Statistics · Estimates · Technical · Ownership · News · Events

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