Uber (UBER) BMO Canadian Depositary Receipt (ZUBE) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Uber (UBER) BMO Canadian Depositary Receipt C$9.35, price C$6.88, upside +35.9%, quality 63 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Sep 23, 2026.
How to read this chart
11‑month range C$6.85 – C$9.64 · fair‑value band C$5.48 – C$15.65 · the C$6.88 price screens below the C$9.35 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Sep 23, 2026.
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Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Mobility, Delivery, and Freight.
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Uber Technologies, Inc. develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services. The Delivery segment allows consumers to search for and discover restaurants to grocery, alcohol, convenience, and other retails, as well as order a meal or other items, and either pick-up at the restaurant or have it delivered; and provides Uber direct, a white-label delivery-as-a-service for retailers and restaurants, as well as advertising services. The Freight segment manages transportation and logistics network, which connects shippers and carriers in digital marketplace, including carriers upfronts, pricing, and shipment booking; and offers on-demand platform to automate logistics end-to-end transactions for small-and medium-sized business to global enterprises. The company was formerly known as Ubercab, Inc. and changed its name to Uber Technologies, Inc. in February 2011. Uber Technologies, Inc. was founded in 2009 and is headquartered in San Francisco, California.
Stock analysis
Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) (ZUBE) currently trades at C$6.88, while our model-based Fair Value estimate is C$9.35, implying the stock looks roughly 26.4% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$93.21 per share, and 24 of the 24 models we run sit above the C$6.88 price.
Bear case: the Asset-Based group reads lowest at C$12.42, and 0 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: C$5.48 (bear) to C$15.65 (bull), the price of C$6.88 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) reported revenue of $52.0B in FY2025 versus $31.9B in FY2022, a compound +17.7%/yr. Reported net income was $10.1B in FY2025.
Key figures
Market cap C$14.2B (≈ $10.0B) · P/E ratio 0.6 · P/S ratio 0.12 · EPS (TTM) C$10.91 · Net margin 19.3% · Return on equity 73.0% · Return on assets (EBIT) 2.9% · Operating margin 8.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (medium confidence).
What moves the price
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at 36%, ZUBE screens cheaper than that median.
Fair Value models
Bear C$5.48Fair Value C$9.35Bull C$15.65
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (C$8.25 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+18.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+17.7%
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +74.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+74.7%
Dividend (yield on the price)0.0%
Profit margin 2022 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−6% → 11%
⚠ Approximate: the rate leans on 2025, which sits 74% above its own trend.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Software - Application · 687 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+36.5% · Top 25%
Profitability
Return on equity (TTM)73.0% · Top 25%
Return on assets5.2% · Above median
Net margin (TTM)33.5% · Top 25%
Operating margin (TTM)8.3% · Above median
Growth and dividend
Revenue growth20.4% · Above median
Balance sheet
Debt / equity0.39× · Highest 25%
Valuation Multiplesvs Software - Application median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) Fair Value". https://www.fairvalue-calculator.com/stock/ZUBE
Frequently asked questions
Is Uber (UBER) BMO Canadian Depositary Receipt (ZUBE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$9.35 versus a price of C$6.88, about +36% upside (undervalued).
What is the fair value of ZUBE?
Our model-based fair value for Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is C$9.35 (as of Sep 23, 2026), built from audited fundamentals. The current price: C$6.88.
What is the quality score of ZUBE?
Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) has a Quality Score of 63/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Our model-based price target is the fair value of C$9.35 (as of Sep 23, 2026) from 24 valuation models. Cautious scenario C$5.48, optimistic scenario C$15.65. It is a calculation from audited fundamentals, not an analyst target.
What is the Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) stock forecast for 2026?
Our models put fair value at C$9.35, about +36% upside versus a price of C$6.88 (undervalued). Cautious scenario C$5.48, optimistic scenario C$15.65. The calculation is refreshed regularly with new filings.
What is the revenue of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) reported trailing-twelve-month revenue of about $49.6B (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) it is C$9.35 per share (as of Sep 23, 2026), against a price of C$6.88. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) stock overvalued or undervalued in 2026?
As of Sep 23, 2026, ZUBE trades below its calculated fair value: price C$6.88, fair value C$9.35, a gap of about +36% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ZUBE?
No. The price is what the market pays today (C$6.88); the fair value is what the company's own numbers justify (C$9.35). For Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) the two are C$2.47 per share apart. That gap is exactly why we show both numbers side by side.
How much is Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) worth?
The market values Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) at about C$14.2B (market capitalisation, as of Sep 23, 2026). Per share that is C$6.88; our models calculate a fair value of C$9.35 per share.
What do the bullish and bearish scenarios say about ZUBE?
Our models span a range for Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged): cautious scenario C$5.48, base C$9.35, optimistic C$15.65 per share (as of Sep 23, 2026, price C$6.88). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZUBE?
Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) trades at a price-to-earnings ratio of 0.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$9.35 is built from several models across several years. Other multiples: PEG 0.4, P/B 0.4, P/S 0.2, EV/EBITDA 2.7.
What is the PEG ratio of ZUBE?
The PEG ratio of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is 0.43 (P/E divided by earnings growth, as of Sep 23, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Balance-sheet figures for Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) (as of Sep 23, 2026): return on equity 73.0%, debt of 0.39 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
Which stocks are comparable to Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged)?
From the same area (Technology) we also value SAP SE, Salesforce, Inc, Shopify Inc, ServiceNow, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) stock attractive at the current price?
The data as of Sep 23, 2026: price C$6.88, calculated fair value C$9.35 (+36%), Quality Score 63/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ZUBE calculated?
We run Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$9.35, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) currently trades 26 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
The closing price on Oct 2, 2026 was C$6.88. Our model-based fair value is C$9.35, about +36% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) right now?
The model range is unusually wide (C$5.48 to C$15.65). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged)
How large is the market capitalisation of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
The market capitalisation of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is C$14.2B (≈ $10.0B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
The price-to-sales ratio of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is 0.12 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Earnings per share at Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) are C$10.91 (price ÷ EPS = P/E 0.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
The net margin of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is 19.3% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
The return on equity (ROE) of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is 73.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
On an EBIT basis the return on assets of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is 2.9% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
The operating margin of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is 8.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Revenue at Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is growing +20.4% versus a year earlier (3y avg +17.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Uber (UBER) BMO Canadian Depositary Receipt (ZUBE)?
Earnings per share at Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) are growing +159% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Uber (UBER) BMO Canadian Depositary Receipt (ZUBE) generate?
The free cash flow of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is $9.8B (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Uber (UBER) BMO Canadian Depositary Receipt (ZUBE) carry?
The net debt of Uber (UBER) BMO Canadian Depositary Receipt (CAD Hedged) is $3.4B (fiscal year 2025, ≈ 0.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Sep 23, 2026