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, which suggest that while the company has high earnings multiples, it is not excessively overvalued compared to its growth prospects.
In comparison to peers, DoorDash's P/E ratio of 130.80 is significantly higher than that of United Parcel Service, Inc. at 11.72 and FedEx Corp. at 11.27, indicating that the market has higher growth expectations for DoorDash. However, its EV to EBITDA ratio of 112.05 is also elevated compared to UPS and FedEx, which may reflect the competitive landscape within the transport services industry. Notably, DoorDash has outperformed the S&P 500 with a year-to-date return of 56.82% compared to the index's 13.30%, reinforcing a positive outlook despite its high valuation ratios.