Is DoorDash, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for DoorDash, Inc. has moved from expensive to fair. Based on the current metrics, the company appears to be fairly valued. Key ratios include a P/E ratio of 260, an EV to EBITDA of 112.05, and a PEG ratio of 1.45. In comparison, peers such as United Parcel Service, Inc. have a much lower P/E of 11.72 and FedEx Corp. stands at 11.27, indicating that DoorDash is relatively more expensive than its industry counterparts.
Despite its high valuation ratios, DoorDash has shown strong performance with a year-to-date return of 56.82%, significantly outperforming the S&P 500's return of 13.30% over the same period. This suggests that the market may still have confidence in DoorDash's growth potential, reinforcing its fair valuation status.