CFO Prashanth Mahendra-Rajah termed the $1.5 billion accelerated share buyback a "value-enhancing" move as he believed that Uberstock is undervalued relative to the business's strength.
Based on Uber's trailing-12-month revenue of $41.9 billion and its market capitalization of $136.6 billion as of this writing, its stock trades at a price-to-sales (P/S) ratio of 3.2. That's a ...