UPST Historical PE Ratio Notes

— Upstart Holdings (ticker symbol UPST) is a fintech company that leverages artificial intelligence (AI) and machine learning models to automate and evaluate consumer lending for banks & credit unions. Rather than relying solely on traditional credit scores, Upstart's technology analyzes many non-traditional variables to assess borrower risk, aiming to increase credit access while reducing defaults. For investors researching UPST's historical P/E ratio, it’s important to note that the nature of their business means earnings can be highly volatile, especially as they scale or adjust to economic cycles. Because Upstart's earnings are closely tied to loan origination volumes & the performance of their underwriting models, factors like interest rate fluctuations, credit cycles, and economic uncertainty can sharply impact both reported earnings & investor sentiment. This in turn drives the P/E ratio up or down—times of rapid growth or high expectations can lead to very high P/E multiples, even as earnings remain low or negative, while periods of disappointment may compress the multiple. When viewing UPST's historical price, earnings, and P/E ratio charts, consider these dynamics as fundamental drivers behind the valuation shifts you'll observe over time.

On this page we presented the Upstart Hldgs Historical PE Ratio information for Upstart Hldgs' stock. The average UPST historical PE based on using the annualized quarterly earnings result at each measurement period (for the "E" in the PE calculation; and the closing price on earnings date as the "P") is 78.2. Meanwhile, using the trailing twelve month (TTM) quarterly earnings result as our method of calculation the "E" value at each measurement period, the average UPST historical PE based on this TTM earnings result method is 74.5. Note: any PE calculations resulting in a value exceeding 500 were discarded as not meaningful. Note: any PE calculations involving negative earnings were discarded as not meaningful.

Let's now compare this UPST historical PE result, against the recent PE: when this page was posted on 5/14/2026, the most recent closing price for UPST had been 29.71, and the most recent quarterly earnings result, annualized, was 1.2. Meanwhile, the most recent TTM earnings summed to 1.64. From these numbers, we calculate the recent UPST PE on 5/14/2026 based on annualized quarterly EPS was 24.8. Based on UPST's history, that recent PE is low relative to the historical average, with the recent PE 68.3% lower than the historical average PE across our data set for Upstart Hldgs. Looking at the recent UPST PE on 5/14/2026 based on TTM EPS, we calculate the ratio at 18.1. Based on UPST's history, that recent PE is low relative to the historical average, with the recent PE 75.7% lower than the average PE across our Upstart Hldgs data set with TTM EPS used in the calculation at each period.

Another interesting UPST historical PE Ratio calculation we look at is to take the median earnings per share of the last four quarters for UPST, and then annualize the resulting value... with that annualized number then being used in the PE calculation. To walk through this math for UPST, we start with the past four EPS numbers and we first sort them from lowest to highest: 0.30, 0.36, 0.46, and 0.52. We then toss out the highest and lowest result, and then take the average of those two middle numbers — 0.36 and 0.46 — which gives us the median of 0.41. Basically the way to think about this 0.41 number is this: for the trailing four earnings reports, 0.41 marks the "middle ground" number where UPST has reported a value higher than 0.41 half the time, and has reported a value lower than 0.41 half the time. Annualizing that median value then gets us to 1.64/share, which we use as the denominator in our next PE calculation. With 29.71 as the numerator (as of 5/14/2026), the calculation is then 29.71 / 1.64 = 18.1 as the UPST PE ratio as of 5/14/2026, based on that annualized median value we calculated.

For self directed investors doing their due diligence on UPST or any other given stock, valuation analysis for UPST can greatly benefit from studying the past earnings and resulting PE calculations. This exercise can help inform an analysis as to whether the past earnings trajectory and current versus historical PE ratios justify the current stock value.

That's why we bring you HistoricalPERatio.com to make it easy for investors to investigate Upstart Hldgs PE history or the past PE information for any stock in our coverage universe. And in your continued research we hope you will be sure to check out the further links included for earnings surprises history (beat/miss data) as well as next earnings dates for UPST. Thanks for visiting, and the next time you need to research UPST Historical PE Ratio or the ratio for another stock, we hope you'll think of our site, as your go-to historical PE ratio research resource of choice.