Maplebear Inc. (CART)

Services-Business Services, NEC

Latest Price

$44.60

TTM P/E

24.78

Normalized P/E

Div Yield

Book Value

10.01

P/B Ratio

4.46

Valuation metrics

EPS: $1.60

Book value / share: $10.37

Formula: √(22.5 × EPS × BVPS)

Graham Number

$19.32

57% downside

Norm. op. income: $489M (median of 3yr)

Tax rate: 18%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$19.26

57% downside

Base FCF: $623M (median of recent 3yr)

Growth: 21%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$146.25

+228% upside

EPS: $1.60

Target P/E: 25×

Formula: EPS × P/E

P/E Fair Value

$40.00

10% downside

79.4% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
SC US (TTGP), LTD.	27.93M	$1.05B	11.80%	-66.9K	2026-03-31
D1 Capital Partners L.P.	22.56M	$845.0M	9.53%	--	2026-03-31
BlackRock, Inc.	16.89M	$632.0M	7.14%	+113.9K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	8.29M	$310.0M	3.50%	--	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	7.73M	$289.0M	3.27%	--	2026-03-31
FMR LLC	6.02M	$225.0M	2.54%	+4.74M	2026-03-31
STATE STREET CORP	5.51M	$206.0M	2.33%	+49.7K	2026-03-31
DIMENSIONAL FUND ADVISORS LP	4.98M	$186.0M	2.10%	+1.19M	2026-03-31
GCM Grosvenor Holdings, LLC	4.14M	$155.0M	1.75%	--	2026-03-31
Holocene Advisors, LP	3.91M	$146.0M	1.65%	-1.56M	2026-03-31