Upstart Holdings (UPST) Price to Book (2020 - 2026)
Upstart Holdings' Price to Book came in at 4.32 for Q2 2026, down 49.8% from 8.61 a year earlier but up 29.1% from the prior quarter.
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Analysis
Upstart Holdings (UPST) Price to Book (2020 - 2026) Analysis & Trends
For FY2025, Upstart Holdings' Price to Book was 5.37, down 40.9% from FY2024.
- Going back by year, Price to Book was 9.09 in FY2024 (+63.7%), 5.55 in FY2023 (+247.6%), 1.60 in FY2022 (-89.8%) and 15.68 in FY2021 (+559.8%).
- The five-year range for quarterly Price to Book is 1.60 (Q4 2022) to 35.88 (Q3 2021).
- Year-over-year, Price to Book has declined for three consecutive quarters, with growth averaging 25.8% over the last eight quarters.
- The fastest year-over-year change in Price to Book over five years came in Q4 2021 (growth of 559.8%), and the weakest in Q3 2022 (a decline of 93.4%).
- Business Quant data shows UPST's Price to Book at 3.35 (Q1 2026), 5.37 (Q4 2025) and 6.64 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | PayPal Holdings | 49.04 Bn | 7.27 Bn | - |
| 2 | Coinbase Global | 47.52 Bn | 4.33 Bn | - |
| 3 | Block | 45.61 Bn | 16.91 Bn | 3.17 Bn |
| 4 | Corpay | 26.34 Bn | 16.23 Bn | - |
| 5 | Fiserv | 24.61 Bn | 21.29 Bn | 2.90 Bn |
| 6 | Global Payments | 22.07 Bn | -135.34 Mn | 2.03 Bn |
| 7 | Guidewire Software | 13.93 Bn | 10.49 Bn | 269.68 Mn |
| 8 | Bitmine Immersion Technologies | 13.17 Bn | 10.55 Bn | 40.81 Mn |
| 9 | Chime Financial | 11.48 Bn | 7.27 Bn | 594.87 Mn |
| 10 | Upstart Holdings | 2.26 Bn | 188.28 Mn | 303.39 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.32 |
| Mar 31, 2026 | 3.35 |
| Dec 31, 2025 | 5.37 |
| Sep 30, 2025 | 6.64 |
| Jun 30, 2025 | 8.61 |
| Mar 31, 2025 | 6.47 |
| Dec 31, 2024 | 9.09 |
| Sep 30, 2024 | 6.11 |
| Jun 30, 2024 | 3.53 |
| Mar 31, 2024 | 3.85 |
| Dec 31, 2023 | 5.55 |
| Sep 30, 2023 | 3.79 |
| Jun 30, 2023 | 4.70 |
| Mar 31, 2023 | 2.09 |
| Dec 31, 2022 | 1.60 |
| Sep 30, 2022 | 2.37 |
| Jun 30, 2022 | 3.43 |
| Mar 31, 2022 | 10.54 |
| Dec 31, 2021 | 15.68 |
| Sep 30, 2021 | 35.88 |
API Access
Upstart Holdings Price to Book API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=price-to-book&ticker=UPST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "ticker": "UPST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=price-to-book&ticker=UPST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();