Is Lyft, Inc. overvalued or undervalued?

As of 17 October 2025, the valuation grade for Lyft, 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 65, an EV to EBITDA of 38.89, and a PEG ratio of 0.25, which suggests that while the P/E is high, the growth potential indicated by the PEG ratio is quite favorable.
In comparison with peers, Lyft's P/E ratio of 52.72 is lower than Vontier Corp.'s 15.89, which is classified as expensive, while Bristow Group, Inc. has a fair valuation with a much lower P/E of 9.82. Notably, Lyft's recent performance shows a year-to-date return of 51.40%, significantly outperforming the S&P 500's 13.30% in the same period, reinforcing the notion that the stock may be fairly valued given its growth prospects.