UPSTCAUTIOUS

UPST EV/EBITDA Analysis

39.5x

Updated 131h ago·SEC filings & market data

Key Takeaway

At 39.8x, this company's EV/EBITDA — a measure of how many years of operating profit it would take to cover its enterprise value, or total firm worth minus cash — signals investors are paying a high premium for its earnings.

Sector Performance

92th percentile

UPST

39.5x

Sector Median

13.6x

Sector Avg

-62.3x

Prior Period

39.8x(Aug 2026)

→ Stable

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Deep Analysis

That premium is far above the sector median of 13.6x, placing the stock in the 91st percentile among peers. The metric has been decreasing over the last eight quarters, down 11.7% year-over-year, though it ticked up 0.4% quarter-over-quarter from 39.6x to 39.8x. The combination of an extremely high valuation with a generally downward trajectory suggests earnings power is growing faster than the market's willingness to pay for it, reducing but not eliminating valuation risk. For an investor, this means the stock remains expensive relative to its sector, and the recent quarterly uptick warns that compression is not steady. This metric supports the overall CAUTIOUS verdict, as the level still towers over peers even while the trend moderates.

Frequently Asked Questions

What does the EV/EBITDA tell investors about UPST?

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.

How is the EV/EBITDA calculated?

EV/EBITDA is calculated as: Enterprise Value / EBITDA.

Who are UPST's closest peers by EV/EBITDA?

The closest peers by EV/EBITDA include: FLNC (-22.5x), EVGO (-22.6x), LSPD (-26.9x), BRZE (-29.6x), RBLX (-31.4x).

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Learn More About EV/EBITDA

EV/EBITDA Explained: The Valuation Metric Pro Investors Actually Use

Learn what EV/EBITDA is, why it beats P/E for capital-heavy companies, typical sector ranges, and key limitations every serious investor should know.

The Formula

Enterprise Value / EBITDA

Why It Matters

A valuation multiple preferred by analysts for capital-intensive or leveraged businesses. Useful for cross-sector comparisons where earnings can be distorted by debt.