MaplebearCART +2.12%63 Forward PE Ratio is 19.01 as of Jul. 03, 2026. GuruFocus rates CART with a GF Score™ of 63/100 and a GF Value™ of $43.64 (Fairly Valued). The stock has 2 warning signs investors should review. Among 501 Retail - Cyclical companies, Maplebear ranks worse than 63.67% on this metric.
The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.
Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .
Maplebear Forward PE Ratio Related Terms
Maplebear Forward PE Ratio Historical Data
* Premium members only.
The historical data trend for Maplebear's Forward PE Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Maplebear Forward PE Ratio Chart
Maplebear Annual Data
Trend
2023-12
2024-12
2025-12
Forward PE Ratio
90.09
26.08
20.74
Maplebear Quarterly Data
2023-12
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
2026-03
Forward PE Ratio
90.09
65.36
38.31
22.17
26.08
23.86
25.71
18.90
20.74
14.71
CART vs W, CHWY, ETSY: Forward PE Ratio Comparison
For the Internet Retail subindustry, Maplebear's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Maplebear Forward PE Ratio vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, Maplebear's Forward PE Ratio distribution charts can be found below:
* The bar in red indicates where Maplebear's Forward PE Ratio falls into.
It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.
Maplebear (CART) has a Forward PE Ratio of 19.01 as of Jul. 03, 2026. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Maplebear and its competitors. According to the industry distribution chart, Maplebear ranks #319 out of 501 companies in the Retail - Cyclical industry, placing it in the top 63.7%.
Is Maplebear's Forward PE Ratio too high?
Maplebear's current Forward PE Ratio is 19.01. The Retail - Cyclical industry median Forward PE Ratio is 14.95. Maplebear's value of 19.01 is 27.2% above this industry median. Based on the distribution chart, Maplebear ranks #319 out of 501 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, Maplebear has a GF Score™ of 63/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Maplebear's Forward PE Ratio compare to W and CHWY?
According to the Retail - Cyclical industry distribution chart, Maplebear ranks #319 out of 501 companies for Forward PE Ratio. This places Maplebear in the lower half of its industry. The industry median Forward PE Ratio is 14.95. Maplebear's value of 19.01 is 27.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward PE Ratio for a Retail - Cyclical company?
The median Forward PE Ratio among Retail - Cyclical companies is 14.95, based on 501 companies in the industry. Companies in the top quartile (top 25%) have a Forward PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Forward PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Maplebear's current Forward PE Ratio of 19.01 is 27.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward PE Ratio mean?
A high Forward PE Ratio can signal that a stock is expensive relative to its fundamentals. Forward P/E ratio is the share price dividend by the expected per-share earnings in the next 12 months. View historical data on Maplebear and its competitors. For the Retail - Cyclical industry, the median Forward PE Ratio is 14.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Maplebear's current Forward PE Ratio is 19.01. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Maplebear stock overvalued right now?
Based on GuruFocus' analysis, Maplebear (CART) is currently considered Fairly Valued. The stock's GF Value™ is $43.64, compared to a current price of $45.75 — trading 4.8% above its estimated fair value. The current Forward PE Ratio is 19.01 and 27.2% above the Retail - Cyclical industry median of 14.95. Maplebear's overall GF Score™ is 63/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward PE Ratio calculated?
Forward PE Ratio is calculated from a company's financial statements. For Maplebear (CART), the current Forward PE Ratio is 19.01 as of Jul. 03, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Maplebear (CART) Overvalued in 2026?
Based on GuruFocus' analysis, Maplebear stock appears to be overvalued.
The current stock price of $45.75 is trading 4.8% above its estimated GF Value™ of $43.64.
GuruFocus considers Maplebear to be Fairly Valued.
Key valuation signals for CART:
Forward PE Ratio: 19.01
GF Value™: $43.64 vs. price of $45.75 (4.8% above fair value)
Industry Position: 27.2% above the Retail - Cyclical median (#319 of 501)
No single metric tells the full story. See the CART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Maplebear (Instacart) is a grocery-focused delivery marketplace that connects national and regional grocers with consumers and couriers, and consumers with their favorite stores. Its app provides on-demand convenience for consumers, allows couriers to earn income, and helps grocers to scale their business through digital channels. The marketplace gathers valuable consumer behavior data, attracting consumer-packaged-goods advertisers that seek to reach consumers at the point of purchase. With approximately 600,000 shoppers and 1,800 retail partners, Instacart delivers to about 98% of households in the United States and Canada.
63GF Score
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