As of Q4'25, Uber's EV/Sales ratio stands at 11.35, reflecting a notable decrease from its recent peak. This latest data point suggests a cooling in valuation relative to sales after a period of elevated multiples. From Q1'23 to Q4'25, the EV/Sales ratio for Uber has shown significant volatility, rising sharply from 9.17 in Q1'23 to a high of 17.43 in Q4'23, before moderating and fluctuating between 13.04 and 15.29 throughout 2024 and 2025. The pronounced spike at the end of 2023 marks a key inflection point, followed by a gradual normalization, indicating shifting market sentiment and potentially changing growth expectations over the observed period.