Is DoorDash, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for DoorDash, Inc. has moved from expensive to fair. The company appears to be fairly valued based on its current metrics. Key ratios include a P/E ratio of 260, a Price to Book Value of 11.03, and an EV to EBITDA of 112.05, which indicate a premium valuation compared to its peers.
In comparison to its peers, United Parcel Service, Inc. has a P/E ratio of 11.72 and an EV to EBITDA of 7.30, while FedEx Corp. shows a P/E of 11.27 and an EV to EBITDA of 6.79, highlighting that DoorDash's valuation is significantly higher. Despite this, DoorDash has outperformed the S&P 500 with a year-to-date return of 56.82% compared to the S&P's 13.30%, suggesting strong market confidence in its growth potential.