Upwork Inc
NASDAQ:UPWK

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Upwork Inc
NASDAQ:UPWK
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Price: 16.39 USD -0.3%
Market Cap: 2.2B USD
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Relative Value

The Relative Value of one UPWK stock under the Base Case scenario is 10.03 USD. Compared to the current market price of 16.39 USD, Upwork Inc is Overvalued by 39%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

UPWK Relative Value
Base Case
10.03 USD
Overvaluation 39%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.9
P/S
P/S
Price to Sales
2.9
vs History
65
vs Industry
33
Median 3Y
2.8
Median 5Y
3.5
Industry
1.3
Forward
2.8
More Details
25.5
P/E
P/E
Price to Earnings
25.5
vs History
14
vs Industry
16
Median 3Y
-18.7
Median 5Y
-42
Industry
19
Forward
15.9
More Details
15.7
P/OCF
P/OCF
Price to OCF
15.7
vs History
80
vs Industry
9
Median 3Y
38.2
Median 5Y
71.1
Industry
13.4
More Details
Negative
P/FCFE
P/FCFE
Price to FCFE
N/A
vs History
vs Industry
3
Median 3Y
-11.1
Median 5Y
-37.6
Industry
18.3
More Details
5.3
P/B
P/B
Price to Book Value
5.3
vs History
63
vs Industry
20
Median 3Y
5.5
Median 5Y
6.6
Industry
2.4
More Details
2.5
EV/S
EV/S
Enterprise Value to Sales
2.5
vs History
68
vs Industry
34
Median 3Y
2.5
Median 5Y
3.1
Industry
1.3
Forward
2.5
More Details
3.3
EV/GP
EV/GP
Enterprise Value to Gross Profit
3.3
vs History
68
vs Industry
49
Median 3Y
3.3
Median 5Y
4.3
Industry
3.3
More Details
26
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
26
vs History
9
vs Industry
7
Median 3Y
-19.5
Median 5Y
-50.3
Industry
10.4
Forward
12.1
More Details
32.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
32.2
vs History
4
vs Industry
7
Median 3Y
-27.9
Median 5Y
-49.2
Industry
12.7
Forward
13.3
More Details
13.8
EV/OCF
EV/OCF
Enterprise Value to OCF
13.8
vs History
80
vs Industry
8
Median 3Y
35
Median 5Y
66.2
Industry
12.6
More Details
15.8
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
15.8
vs History
61
vs Industry
4
Median 3Y
19.5
Median 5Y
50
Industry
14.7
More Details
4.2
EV/IC
EV/IC
Enterprise Value to IC
4.2
vs History
53
vs Industry
27
Median 3Y
3.7
Median 5Y
4.3
Industry
1.7
More Details

Multiples Across Competitors

UPWK Competitors Multiples
Upwork Inc Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
US
Upwork Inc
NASDAQ:UPWK
2.2B USD 2.9 25.5 26 32.2
JP
Outsourcing Inc
TSE:2427
3 854 332.4T JPY 5 141 797.4 746 674 240.5 84 306 673.3 150 819 083.2
JP
Recruit Holdings Co Ltd
TSE:6098
18.5T JPY 5.3 51 32.6 41.2
US
Robert Half Inc
SWB:RHJ
11.5B EUR 2 42 38.4 46.8
US
Robert Half International Inc
NYSE:RHI
7.4B USD 1.3 26.1 23.1 28.2
NL
Randstad NV
AEX:RAND
6.9B EUR 0.3 16.1 7.7 12.9
US
TriNet Group Inc
NYSE:TNET
4.5B USD 0.9 17 12.4 15.1
CH
Adecco Group AG
SIX:ADEN
3.7B CHF 0.2 13.1 6.8 9.3
CN
51job Inc
F:IWQ
3.9B EUR 6.7 46.1 35.7 36.4
US
ASGN Inc
NYSE:ASGN
3.8B USD 0.9 20.7 11.3 14.9
US
Alight Inc
NYSE:ALIT
3.7B USD 1.4 -11.5 11.7 80.4
P/S Multiple
Revenue Growth P/S to Growth
US
Upwork Inc
NASDAQ:UPWK
Average P/S: 467 438.1
2.9
25%
0.1
JP
Outsourcing Inc
TSE:2427
5 141 797.4
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
5.3
18%
0.3
US
R
Robert Half Inc
SWB:RHJ
2
2%
1.3
US
Robert Half International Inc
NYSE:RHI
1.3
2%
0.8
NL
R
Randstad NV
AEX:RAND
0.3
4%
0.1
US
TriNet Group Inc
NYSE:TNET
0.9
16%
0.1
CH
A
Adecco Group AG
SIX:ADEN
0.2
8%
0
CN
5
51job Inc
F:IWQ
6.7
N/A N/A
US
ASGN Inc
NYSE:ASGN
0.9
4%
0.2
US
Alight Inc
NYSE:ALIT
1.4
-24%
N/A
P/E Multiple
Earnings Growth P/E to Growth
US
Upwork Inc
NASDAQ:UPWK
Average P/E: 74 667 449.8
25.5
295%
0.1
JP
Outsourcing Inc
TSE:2427
746 674 240.5
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
51
72%
0.7
US
R
Robert Half Inc
SWB:RHJ
42
4%
11
US
Robert Half International Inc
NYSE:RHI
26.1
4%
6.8
NL
R
Randstad NV
AEX:RAND
16.1
24%
0.7
US
TriNet Group Inc
NYSE:TNET
17
-11%
N/A
CH
A
Adecco Group AG
SIX:ADEN
13.1
96%
0.1
CN
5
51job Inc
F:IWQ
46.1
N/A N/A
US
ASGN Inc
NYSE:ASGN
20.7
35%
0.6
US
Alight Inc
NYSE:ALIT
Negative Multiple: -11.5 N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
US
Upwork Inc
NASDAQ:UPWK
Average EV/EBITDA: 7 664 261.7
26
N/A N/A
JP
Outsourcing Inc
TSE:2427
84 306 673.3
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
32.6
46%
0.7
US
R
Robert Half Inc
SWB:RHJ
38.4
20%
1.9
US
Robert Half International Inc
NYSE:RHI
23.1
20%
1.1
NL
R
Randstad NV
AEX:RAND
7.7
5%
1.6
US
TriNet Group Inc
NYSE:TNET
12.4
-7%
N/A
CH
A
Adecco Group AG
SIX:ADEN
6.8
13%
0.5
CN
5
51job Inc
F:IWQ
35.7
N/A N/A
US
ASGN Inc
NYSE:ASGN
11.3
14%
0.8
US
Alight Inc
NYSE:ALIT
11.7
26%
0.4
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
US
Upwork Inc
NASDAQ:UPWK
Average EV/EBIT: 13 710 854.6
32.2
N/A N/A
JP
Outsourcing Inc
TSE:2427
150 819 083.2
N/A N/A
JP
Recruit Holdings Co Ltd
TSE:6098
41.2
N/A N/A
US
R
Robert Half Inc
SWB:RHJ
46.8
21%
2.2
US
Robert Half International Inc
NYSE:RHI
28.2
21%
1.3
NL
R
Randstad NV
AEX:RAND
12.9
18%
0.7
US
TriNet Group Inc
NYSE:TNET
15.1
-20%
N/A
CH
A
Adecco Group AG
SIX:ADEN
9.3
21%
0.4
CN
5
51job Inc
F:IWQ
36.4
N/A N/A
US
ASGN Inc
NYSE:ASGN
14.9
9%
1.7
US
Alight Inc
NYSE:ALIT
80.4
-91%
N/A

See Also

Summary
UPWK intrinsic value, competitors valuation, and company profile.
DCF Valuation
UPWK stock valuation using Discount Cash Flow valuation method.
Relative Valuation
UPWK stock valuation using valuation multiples.
Wall Street Estimates
UPWK price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
UPWK stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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