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The historical rank and industry rank for Upstart Holdings's Price-to-Tangible-Book or its related term are showing as below:
XSWX:UPST'
s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.82 Med: 6.33 Max: 40.87
Current: 3.39
During the past 9 years, Upstart Holdings's highest Price to Tangible Book Ratio was 40.87. The lowest was 1.82. And the median was 6.33.
XSWX:UPST's Price-to-Tangible-Book is ranked worse than 86.19% of 514
companies
in the Credit Services industry
Industry Median: 1.09
vs XSWX:UPST: 3.39
Some businesses have very light assets, such as software companies or insurance agencies. The Price-to-Book Ratio does not work well for these companies. Some companies even have negative equity, so the Price-to-Book Ratio cannot be applied to them.
Upstart Holdings Price-to-Tangible-Book Related Terms
Upstart Holdings Price-to-Tangible-Book Historical Data
* Premium members only.
The historical data trend for Upstart Holdings's Price-to-Tangible-Book 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.
XSWX:UPST vs AGM.A, WU, ECPG: Price-to-Tangible-Book Comparison
For the Credit Services subindustry, Upstart Holdings's Price-to-Tangible-Book, along with its competitors' market caps and Price-to-Tangible-Book 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.
Upstart Holdings Price-to-Tangible-Book vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Upstart Holdings's Price-to-Tangible-Book distribution charts can be found below:
* The bar in red indicates where Upstart Holdings's Price-to-Tangible-Book falls into.
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called PB Ratio. The difference between Price-to-Tangible-Book Ratio and PB Ratio is that book value other than intangibles are used in the calculation.
Upstart Holdings (XSWX:UPST) has a Price-to-Tangible-Book of 3.43 as of Sep. 21, 2026. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Upstart Holdings and its competitors. According to the industry distribution chart, Upstart Holdings ranks #443 out of 514 companies in the Credit Services industry, placing it in the top 86.2%.
Is Upstart Holdings' Price-to-Tangible-Book too high?
Upstart Holdings' current Price-to-Tangible-Book is 3.43. The Credit Services industry median Price-to-Tangible-Book is 1.09. Upstart Holdings' value of 3.43 is 214.7% above this industry median. Based on the distribution chart, Upstart Holdings ranks #443 out of 514 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Upstart Holdings has a GF Score™ of 59/100, reflecting its overall financial health beyond just this single metric.
How does Upstart Holdings' Price-to-Tangible-Book compare to AGM.A and WU?
According to the Credit Services industry distribution chart, Upstart Holdings ranks #443 out of 514 companies for Price-to-Tangible-Book. This places Upstart Holdings in the lower half of its industry. The industry median Price-to-Tangible-Book is 1.09. Upstart Holdings' value of 3.43 is 214.7% 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 Price-to-Tangible-Book for a Credit Services company?
The median Price-to-Tangible-Book among Credit Services companies is 1.09, based on 514 companies in the industry. Companies in the top quartile (top 25%) have a Price-to-Tangible-Book significantly above this median, while those in the bottom quartile fall well below. However, Price-to-Tangible-Book should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Upstart Holdings's current Price-to-Tangible-Book of 3.43 is 214.7% 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 Price-to-Tangible-Book mean?
A high Price-to-Tangible-Book can signal that a stock is expensive relative to its fundamentals. Price-to-tangible-book ratio is the ratio of share price to a company's tangible book value per share. View historical data on Upstart Holdings and its competitors. For the Credit Services industry, the median Price-to-Tangible-Book is 1.09 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upstart Holdings's current Price-to-Tangible-Book is 3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upstart Holdings stock overvalued right now?
Upstart Holdings (XSWX:UPST) has a current Price-to-Tangible-Book of 3.43. The stock's GF Value™ is CHF49.42, compared to a current price of CHF20.55 — trading 58.4% below its estimated fair value. The current Price-to-Tangible-Book is 3.43 and 214.7% above the Credit Services industry median of 1.09. Upstart Holdings' overall GF Score™ is 59/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Price-to-Tangible-Book calculated?
Price-to-Tangible-Book is calculated from a company's financial statements. For Upstart Holdings (XSWX:UPST), the current Price-to-Tangible-Book is 3.43 as of Sep. 21, 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 Upstart Holdings (XSWX:UPST) Overvalued in 2026?
Based on GuruFocus' analysis, Upstart Holdings stock appears to be undervalued.
The current stock price of CHF20.55 is trading 58.4% below its estimated GF Value™ of CHF49.42.
Key valuation signals for XSWX:UPST:
Price-to-Tangible-Book: 3.43
GF Value™: CHF49.42 vs. price of CHF20.55 (58.4% below fair value)
Industry Position: 214.7% above the Credit Services median (#443 of 514)
No single metric tells the full story. See the XSWX:UPST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The company support development of different lending product offerings, which are grouped into three operating segments - Personal Lending (unsecured personal loans and small dollar loans), Auto Lending (auto refinance, auto retail loans, and auto secured personal loans), and Other (HELOCs and other).
59GF Score
Get the complete analysis for XSWX:UPST
Price-to-Tangible-Book is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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