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⚠️ Not investment advice. Past performance does not guarantee future results.
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Maplebear CART

United StatesConsumer Cyclical · Internet RetailUSD
7.1AI score
Rank 156 of 2,130
better than 91% of companies
45.21USD
▲ 18.0% in one year
CART MSCI World +22.1%
Average analyst target
58.21 USD (+28.8%)
28 analysts
52-wk low 32.73High 52.68
📈 Chart on TradingView ↗(affiliate link)Analysis of 08/10/2026

What does it do?

Maplebear (CART), known for its Instacart platform, operates a grocery delivery marketplace in the US and Canada, connecting consumers with retailers through its app.

Key points

from its scores
  • ✓Good share-price trend8.5
  • ✓High-quality business8.4
  • ✓Very solid balance sheet7.9
  • ✕Little or no dividend1.5

AI analysis

bottom line, main risk, context and news
Bottom line

The strong cash position and return on invested capital are attractive, but the current P/E and elevated PEG limit near-term upside potential.

Maplebear has a solid balance sheet (net cash, DN/EBITDA -1.31), high profitability (ROIC 23.46%) and strong gross margins (72.58%), with 14.10% revenue growth and an attractive forward P/E of 9.23, although its current P/E (24.70) and PEG (1.84) suggest growth is already partially priced in.

⚠ Main risk

Dependence on a high-volume, low-margin business model in the competitive grocery delivery market, where pricing pressure and competition from players like Amazon and Walmart could erode its share and profitability.

Context and risks

Maplebear operates in the online grocery e-commerce space in the US and Canada, with a healthy balance sheet and no material exposure to commodities, interest rates, or shipping routes. The current macro context does not materially affect its business.

Is Maplebear stock cheap or expensive?

at the analysis date
Pricier than its sector

On P/E and EV / EBITDA, it trades 39% above the Consumer Cyclical median on average.

MultipleCompanySectorDifference
P/E24.717.8+38%
EV / EBITDA15.811.2+40%
Price / book4.52.9+58%
Price / sales2.71.3+114%

Sector: median of the 228 Consumer Cyclical companies analysed. In bold, the multiples used for the comparison.

Valuation score: 6.6 out of 10 (median for Consumer Cyclical: 6.6).

Average analyst target: 58.21 USD, +28.8% versus the price.

A premium can be justified if the company is of higher quality or grows faster than its sector: Quality / Moat 8.4 (sector 5.7), Growth 6.7 (sector 5.9).

Indicative fair value · USD
Graham52.16▲ +15% vs price
Cash flow (DCF)91.01▲ +101% vs price
Price45.21at the analysis date

Classic formulas with standard assumptions (10.0% growth, 8-9% discount rate). Indicative only: they change a lot with the assumptions and are not a recommendation.

Work out its fair value yourself →How much would you have made investing every month? →

Comparing it with its sector does not say whether it is a good buy: this is not investment advice.

🛒 Where to buy CARTCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderCheapest · US (NYSE/Nasdaq) · sample 200.00 € orderAvailable in your country · US (NYSE/Nasdaq) · sample 200.00 € order
By the cost of that order: commission and FX, taxes excluded (public fee schedules). Brokers marked «affiliate» may pay Meridian a commission at no cost to you. This is not investment advice. · Compare all 22 brokers by real cost →

Score by category

0 to 10 · hover overtap each one to see what it measures
Financial healthiGood7.9Consumer Cyclical median: 5.7
Quality / MoatiGood8.4Consumer Cyclical median: 5.7
ValuationiFair6.6Consumer Cyclical median: 6.6
GrowthiFair6.7Consumer Cyclical median: 5.9
DividendiPoor1.5Consumer Cyclical median: 4.5
MomentumiExcellent8.5Consumer Cyclical median: 5.5
Risk & ContextiGood7.0Consumer Cyclical median: 5.5
Consumer Cyclical median7 or more 5 to 7 under 5

Key metrics

at the analysis date · compared with the Consumer Cyclical median
P/Ei
24.7
Consumer Cyclical: 17.8above
EV / EBITDAi
15.8
Consumer Cyclical: 11.2above
ROEi
16.0%
Consumer Cyclical: 16.0%in line
Operating margini
14.1%
Consumer Cyclical: 10.5%above
Net debt / EBITDAi
−1.31
Consumer Cyclical: 1.91net cash
Revenue growthi
+14.1%
Consumer Cyclical: +5.3%above

Valuation

P/E
24.7
Forward P/E
9.2
EV / EBITDA
15.8
Price / book
4.5
Price / sales
2.7
PEG
1.84
Market cap
10.7B USD
Enterprise value
9.9B USD

Profitability

ROE
16.0%
ROA
9.4%
ROIC (approx.)
23.5%
Gross margin
72.6%
Operating margin
14.1%
Net margin
12.0%
Free cash flow
917.9M USD
FCF yield
8.6%
Cash conversion
147%

Solvency

Total debt
34.0M USD
Net debt
−816.0M USD
Cash
850.0M USD
EBITDA
625.0M USD
Net debt / EBITDA
−1.31
Debt / equity
1.35
Current ratio
2.28
Quick ratio
1.97

Growth

Revenue growth
+14.1%
Earnings growth
+8.1%
EPS (TTM)
1.83 USD
EPS (forward)
4.90 USD

Dividend

Dividend yield
0.0%
Payout
0.0%

Risk and market

Beta
0.87
Analyst consensus
Buy (28)
Target price
58.21 USD
52-week range
32.73 – 52.68

Compare it with its sector

All 228 in Consumer Cyclical →
See the full ranking with filters →

Keep browsing the ranking

sorted by score, highest first

Frequently asked questions about Maplebear

Is Maplebear stock cheap or expensive?

On P/E and EV / EBITDA, it trades 39% above the Consumer Cyclical median on average. Valuation score: 6.6 out of 10 (median for Consumer Cyclical: 6.6). Average analyst target: 58.21 USD, +28.8% versus the price. This is not investment advice.

What score does Maplebear get on MeridIAn Screener?

It scores 7.1 out of 10, rank 156 of 2,130 (better than 91% of the companies analysed). Its strongest category is Momentum (8.5) and its weakest, Dividend (1.5). Analysis of 08/10/2026.

What is Maplebear's P/E ratio?

Its P/E is 24.7: the share price equals 24.7 times earnings per share over the last 12 months. The Consumer Cyclical median is 17.8. Based on the earnings analysts expect, the forward P/E is 9.2.

How much is Maplebear worth on the stock market?

Its market capitalisation is 10.7B USD and its enterprise value, debt included, is 9.9B USD.

How much debt does Maplebear have?

It has more cash than debt: net cash of 816.0M USD.

Does Maplebear pay a dividend?

It pays no dividend, or almost none.

How has Maplebear stock performed over the last year?

It has risen 18.0% over the last year, excluding dividends. Over the last 52 weeks it has traded between 32.73 and 52.68 USD. Past performance does not guarantee future results.

What do analysts think of Maplebear?

28 analysts cover it; their average recommendation is “Buy” and their average target is 58.21 USD (+28.8% versus the price). It is an estimate, not market data.