UAL
United Airlines Holdings
PE ratio, current and historical analysis
- Stocks
- Industrials
- NASDAQ: UAL
- PE Ratio
The PE ratio for United Airlines Holdings stock stands at 11.24 as of Jul 31, 2026. This is calculated based on the TTM EPS of $10.79 and the stock price of $121.33 per share. An increase of 9% has been observed in the PE ratio compared to its average of 10.3 of the past four quarters.
UAL PE ratio history
Over the last ten years, the average PE ratio of United Airlines Holdings has been 8.88. The current 11.24 price-to-earnings ratio is 27% more than the historical average. Analyzing the last ten years, UAL's PE ratio reached its highest point in the Dec 2022 quarter at 16.68, with a price of $37.7 and an EPS of $2.26. The Sep 2023 quarter saw the lowest point at 4.83, with a price of $42.3 and an EPS of $8.75.
United Airlines Holdings PE ratio by year
Maximum annual increase: 266.33% in 2016
Maximum annual decrease: -86.59% in 2015
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 10.84 | 6.9% | $111.82 | $10.32 |
| 2024 | 10.14 | 96.13% | $97.1 | $9.58 |
| 2023 | 5.17 | -69% | $41.26 | $7.98 |
| 2022 | 16.68 | N/A | $37.7 | $2.26 |
| 2021 | N/A | N/A | $43.78 | -$6.1 |
| 2020 | N/A | N/A | $43.25 | -$25.3 |
| 2019 | 7.57 | -30.36% | $88.09 | $11.63 |
| 2018 | 10.87 | 14.18% | $83.73 | $7.7 |
| 2017 | 9.52 | -11.61% | $67.4 | $7.08 |
| 2016 | 10.77 | 266.33% | $72.88 | $6.77 |
| 2015 | 2.94 | -86.59% | $57.3 | $19.52 |
| 2014 | 21.93 | -4.94% | $66.89 | $3.05 |
| 2013 | 23.07 | N/A | $37.83 | $1.64 |
| 2012 | N/A | N/A | $23.38 | -$2.18 |
| 2011 | 7.43 | -61.94% | $18.87 | $2.54 |
United Airlines Holdings PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Jun 2026 | 12.6 | 54.79% | $135.99 | $10.79 |
| Mar 2026 | 8.14 | -24.91% | $92.07 | $11.31 |
| Dec 2025 | 10.84 | 13.51% | $111.82 | $10.32 |
| Sep 2025 | 9.55 | 21.19% | $96.5 | $10.11 |
| Jun 2025 | 7.88 | 27.1% | $79.63 | $10.11 |
| Mar 2025 | 6.2 | -38.86% | $69.05 | $11.13 |
| Dec 2024 | 10.14 | 49.12% | $97.1 | $9.58 |
| Sep 2024 | 6.8 | 24.77% | $57.06 | $8.39 |
| Jun 2024 | 5.45 | -6.84% | $48.66 | $8.93 |
| Mar 2024 | 5.85 | 13.15% | $47.88 | $8.19 |
| Dec 2023 | 5.17 | 7.04% | $41.26 | $7.98 |
| Sep 2023 | 4.83 | -28.13% | $42.3 | $8.75 |
| Jun 2023 | 6.72 | -10.52% | $54.87 | $8.16 |
| Mar 2023 | 7.51 | -54.98% | $44.25 | $5.89 |
| Dec 2022 | 16.68 | N/A | $37.7 | $2.26 |
UAL Price vs fair value
UAL average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
Currently, UAL's PE ratio is higher than the 3, 5 and 10-year averages.
PE comparison
With a price to earnings (P/E) of 11.24, UAL stands lower than the Industrials sector and the industry average. Looking at the Industrials sector average of 28.25, United Airlines Holdings's price to earnings (P/E) is 60% lower.
UAL PE vs peers
UAL's PE ratio is less than its peer stocks DAL and LUV, but it is above SKYW's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| SKYW Skywest Inc | 10.78 | $4.3B |
| UAL United Airlines Holdings Inc | 11.83 | $41.43B |
| DAL Delta Air Lines Inc | 15 | $59.78B |
| LUV Southwest Airlines Company | 28.44 | $22.82B |
| ALK Alaska Air Group Inc | 86.67 | $5.6B |
| JBLU Jetblue Airways Corp | N/A | $2.34B |
| ALGT Allegiant Travel | N/A | $1.92B |
| AAL American Airlines Group Inc | N/A | $10.68B |
Frequently asked questions
What is United Airlines Holdings's PE ratio?
The price to earnings ratio for UAL stock as of Jul 31, 2026, stands at 11.24.
What is the 3-year average PE ratio for United Airlines Holdings (UAL)?
Over the last 3 years, the average PE ratio for UAL stock is 7.79.
What is the 5-year average PE ratio for United Airlines Holdings (UAL)?
Over the last 5 years, the average PE ratio for UAL stock is 8.29.
What is the highest PE ratio for UAL?
The highest quarterly PE ratio in the last ten years has been 16.68 and it was in the Dec 2022 quarter.
How does the current PE ratio for UAL compare to its historical average?
The current PE ratio of UAL is 27% higher than the 10-year historical average.
How is UAL's PE ratio calculated (United Airlines Holdings PE ratio formula)?
The P/E ratio is calculated by taking the latest stock price and dividing it by the earnings per share(EPS) for the last 12 months. As of today (Jul 31, 2026), United Airlines Holdings's share price is $121.33. The company's earnings per share for the trailing twelve months (TTM) ending Jun 2026 is $10.79. Therefore, United Airlines Holdings's price to earnings ratio for today is 11.24. PE RATIO(11.24) = STOCK PRICE($121.33) / TTM EPS($10.79)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.