Upstart Holdings, Inc. (UPST) is a publicly traded company in the Financial Services — Financial - Credit Services industry listed on NASDAQ. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Upstart Holdings, Inc., together with its subsidiaries, operates a cloud-based artificial intelligence (AI) lending platform in the United States. The company operates through three segments: Personal Lending, Auto Lending, and Other. Its platform includes unsecured personal loans, small dollar loans, auto refinance, auto retail loans, and auto secured personal loan, and home equity lines of credit. Upstart Holdings, Inc.
Is Upstart Holdings, Inc. stock overvalued or undervalued in 2026?
Upstart Holdings, Inc. (UPST) trades at 47.2× earnings (P/E), above the median of the 324 financial services companies over $2bn in Kaplio's universe. At its sector median (13.0×) $7 (-72 %).
Kaplio overview: Upstart Holdings, Inc.
Market cap $2B · 52 weeks $23 – $51 (52 % below the high) · P/E 47.2× · 2027 expected P/E 12.5× · Dividend none · Next earnings November 3, 2026 · expected EPS $0.21 · Closing price, Oct 28 · accounts published Aug 4.
- Valuation: P/E 47.2× (expensive).
- Business: ROE 7.9 % (weak).
- Balance sheet: Debt/Equity 2.54 (fragile).
- Earnings: 5 of 8 (uneven).
What would it be worth at its usual multiples?
At its sector median (13.0×) $7 (-72 %). 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.
P/E calculated by Kaplio with 12-month GAAP earnings; the data provider reports 38.2×.
What matters in financial services: 0 of 5 pass
- 5y revenue growth 1.2 %, fails.
- Operating margin 5.1 %, fails.
- ROE 7.9 %, fails.
- FCF / Net Income −309.9 %, fails.
- Debt / Equity 2.54, fails.
Against its peers (reference peers) — Upstart Holdings, Inc.: P/E 47.2×; EV/EBITDA 44.4×; ROIC 2.0 %; $2.3B. Enova International, Inc. (P/E 13.3×; EV/EBITDA 10.6×; ROIC 9.3 %; $4.4B), OneMain Holdings, Inc. (P/E 8.7×; EV/EBITDA 14.8×; ROIC 32.5 %; $6.6B), Affirm Holdings, Inc. (P/E 12.7×; EV/EBITDA 23.4×; ROIC 11.6 %; $20.8B).
Profitability
| Return on Equity | 7.85% |
| Return on Invested Capital | 1.99% |
| Return on Assets | 1.90% |
| Gross Margin | 95.36% |
| Operating Margin | 4.80% |
| Net Margin | 4.69% |
Financial Health
| Debt / Equity | 2.54 |
| Current Ratio | 14.10 |
| Piotroski F-Score | 5 |
| Altman Z-Score | 1.73 |
Price Performance
| 1 month | +4.32% |
| 3 months | -12.03% |
| Year-to-date | -44.80% |
| 1 year | -50.48% |
| 3 years | +3.52% |
| 5 years | -92.50% |
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Explore sector: Financial Services · Financial - Credit Services
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