Uber Technologies, Inc. (UBER) intrinsic value & 10-year financials
Uber Technologies, Inc. (UBER) has a Graham intrinsic value of $157.11 per share. At $70.35 on Oct 17, 2026, the stock trades 55% below that value. Over the last 10 fiscal years revenue grew 26.5% a year to $52.0B, with an average return on invested capital of -42.1%.
- Graham intrinsic value
- $157.11
- Share price (Oct 17, 2026)
- $70.35
- Price vs Graham value
- 55% below
- Market cap
- $149.1B
- Revenue (FY2025)
- $52.0B
- Revenue growth (10-yr CAGR)
- 26.5%
- ROIC (10-yr avg)
- -42.1%
- Free cash flow (FY2025)
- $9.8B
UBER 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $52.0B | $10.1B | $4.73 | $9.8B | 10.7% | 19.0% |
| FY2024 | $44.0B | $9.9B | $4.56 | $6.9B | 6.4% | 12.5% |
| FY2023 | $37.3B | $1.9B | $0.87 | $3.4B | 3.0% | 6.2% |
| FY2022 | $31.9B | -$9.1B | -$4.65 | $390.0M | -5.7% | -10.1% |
| FY2021 | $17.5B | -$496.0M | -$0.29 | -$743.0M | -22.0% | -10.4% |
| FY2020 | $11.1B | -$6.8B | -$3.86 | -$3.4B | -43.7% | -35.6% |
| FY2019 | $14.1B | -$8.5B | -$6.81 | -$4.9B | -60.8% | -449.8% |
| FY2018 | $11.3B | $997.0M | $0.00 | -$2.1B | -26.9% | 34.3% |
| FY2017 | $7.9B | -$4.0B | -$9.46 | -$2.2B | -51.4% | 54.7% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Uber revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Uber has historically struggled to out-earn its cost of capital, averaging just 7.3% ROIC.
Uber capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Uber is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $157.11 per share.