Stock fact sheet · data as of
Maplebear Inc. (CART): fair value, margin of safety and Wheel Score
Ticker symbol CART · Technology · Software - Services · United States · Growth
Is CART undervalued?
At 59.22 (close of 5 Nov 2026), CART trades 32% below the GLS average fair value of 87.21. That average comes from 7 models run on the latest filings, and 4 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Maplebear Inc. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 7 models disagree widely: Graham Number gives 22.67 while Payback Time gives 194.17. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
Ranked against every other company we cover, CART is clearly faster-growing than it is cheap, so the nightly engine files it under Growth (value score 31, growth score 66, out of 100).
Nine valuation models for CART
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | 22.67 | -62% | The most a defensive investor pays for the earnings and book value per share |
| Graham Growth | 102.10 | +72% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 43.40 | -27% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 107.51 | +82% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 117.56 | +99% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 194.17 | +228% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | 23.04 | -61% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | 4.36 | -93% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 58.47 | -1% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - CART passes 6 of the nine Piotroski tests, which passes the "Piotroski 6 or more" Wheel Trade Filter. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 4.8 out of 10: returns on capital, margins or the balance sheet have not shown a lasting edge yet - often a young company, a thin-margin business or one that has only recently turned profitable.
Returns on capital are high - ROIC 17.5%, ROE 17.8%, ROA 12.1% - with debt at 0.01 times equity and a free-cash-flow yield of 8.6%.
Maplebear Inc. pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Transaction 72%, Advertising And Other 29% (quarter Q2 FY2026).
Institutional ownership scores 10/10, insider activity 1/10 and Congressional trading 1/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | 17.5% |
|---|---|---|---|
| GLS Moat | 4.8 / 10 | ROE | 17.8% |
| Debt / equity | 0.01 | ROA | 12.1% |
| Free-cash-flow yield | 8.6% | Payout ratio | 0% |
| Institutions | 10 / 10 | Insiders · Congress | 1 · 1 / 10 |
Wheel Score 78: Good
CART scores 78 out of 100 on the Wheel Score (Good band, 70-84): it passes all 9 Wheel Trade Filters. How it ranks: value strong, premium fair, moat fair, health good, red flags fair, option trading strong, stability good; Red Flags (fair) holds it back.
Implied volatility is 29% on the near-the-money contracts 20-60 days out: enough to pass the 25-80% Wheel Trade Filter, but under the 35-60% sweet spot the score rewards most. The option chain is deep: 145,771 contracts of open interest across all expiries, which means tight fills at most strikes.
Volume runs at 7.9M shares a day on a market cap of $14.0B, with a beta of 0.87; the Stability part of the Wheel Score rates that good.
| Filter | Wheel Trade Filter | Result | Detail |
|---|---|---|---|
| 1 | Options that actually trade | Passes | Listed options with 1,000+ contracts of open interest and 100+ traded a day |
| 2 | A real business, not a gamble | Passes | Profitable over the last twelve months - not a speculative stock, fund or note |
| 3 | Below fair value | Passes | Trading below the nine-model average fair value (margin of safety above 0) |
| 4 | Financially healthy | Passes | Piotroski F-score 6 or more out of 9 (a company with no score on file passes) |
| 5 | Can repay its debt | Passes | Long-term debt repaid from 3 years of operating cash flow or less (6 for real estate and utilities; banks and insurers are not judged on it) |
| 6 | No serious red flags | Passes | Red Flags score 60 or more out of 100 (earnings, margins, debt, analysts, filings and price checked the same way for every stock) |
| 7 | A premium worth selling | Passes | Implied volatility 25-80% (enough premium, not a lottery ticket) |
| 8 | Big enough | Passes | Market cap $1 billion or more |
| 9 | Not a penny stock | Passes | Share price $5 or more |
| How it ranks | Rating | From | |
|---|---|---|---|
| Value | Strong | 32% below fair value | |
| Premium | Fair | implied volatility 29% | |
| Moat | Fair | moat 4.8/10 | |
| Health | Good | Piotroski 6/9 | |
| Red Flags | Fair | Red Flags score 70/100 | |
| Option trading | Strong | 8,301 contracts a day, 145,771 open interest | |
| Stability | Good | beta 0.87, $14.0B company |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls: a stock must pass all 9 Wheel Trade Filters to score 70, and the score then ranks the ones that pass; the Sunday Scan is the top 10. It is updated nightly and is not a recommendation. How the Wheel Score works · the walkthrough lesson shows how it fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for CART in the nightly calendar.
Analysts downgraded CART 7 times in the last 30 days with no upgrades; the latest action was a downgrade by Needham on 30 Oct 2026.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Software - Services
The 12 companies below are the closest to Maplebear Inc. by market cap within the Software - Services industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| IREN IREN Limited | 21.71 | - | - | 15Weak | $8.8B |
| VRSK Verisk Analytics, Inc. | 197.85 | 129.96 | -52% | 41Weak | $25.8B |
| IOND Ionic Digital Inc. Class A | 60.55 | 33.88 | -79% | 26Weak | $2.7B |
| ZSQR Z Squared Inc. | 3.61 | 2.58 | -40% | 13No options | $191M |
| AIB AIB Data Centers Inc. | 0.7151 | 1.14 | +37% | 25No options | $54M |
| DTCX Datacentrex, Inc. | 0.9923 | - | - | 14Weak | $40M |
| GIFT Giftify, Inc. | 0.5901 | - | - | 13No options | $21M |
| CACI CACI International Inc | 632.16 | 904.89 | +30% | 51Fair | $14.0B |
| GWRE Guidewire Software, Inc. | 170.62 | 71.34 | -139% | 37Weak | $14.1B |
| LOGI Logitech International S.A. | 100.12 | 107.70 | +7% | 76Good | $14.2B |
| DT Dynatrace, Inc. | 46.78 | 23.86 | -96% | 44Weak | $13.5B |
| GRAB Grab Holdings Limited | 3.36 | 2.96 | -14% | 39Weak | $13.4B |
Scan the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the top 10 stocks that pass all 9 Wheel Trade Filters, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about CART
Is CART undervalued right now?
By the GLS models, yes: at 59.22 the stock is 32% below the average fair value of 87.21 (data as of 5 Nov 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of CART and what does it mean?
CART scores 78 out of 100 (Good). The Wheel Score ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned - in two parts: the 9 pass/fail Wheel Trade Filters (busy options, a real business, below fair value, Piotroski 6 or more, debt it can repay, a Red Flags score of 60 or more, implied volatility of 25-80%, a $1 billion company, $5 a share) and a ranking of how strongly a stock passes on value, premium, moat, health, red flags, option trading and stability. A stock that fails any filter stays under 70; 70-84 is Good, 85 and above is Prime. The Sunday Scan is the top 10 that pass, sorted by Wheel Score.
What is the GLS fair value for CART?
87.21 per share as of 5 Nov 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Maplebear Inc. report earnings next?
No upcoming earnings date is recorded for CART in our calendar as of 5 Nov 2026; the Calendars page is refreshed every morning.
Does CART have listed options, and how liquid are they?
Yes. The nightly snapshot found 604 listed contracts with 145,771 open interest across all expiries and implied volatility of 29% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.