US · USD
UAL
United Airlines Holdings Inc
- Day's range
- $111.36 – $114.76
- Day's volume
- $451.7M
- 52-week range
- $85.21 – $136.11
Follow UAL in the Fuolio
See how UAL weighs in your net worth, what it has paid you and how far it is from your target allocation.
Create a free accountUAL in numbers
- Market cap
- $36.5B
- P/E
- 10.44
- P/B
- 2.19
- Dividend yield (12m)
- 0.00%
UAL trades at 10.44 times its earnings of the last 12 months.
UAL price history
UAL risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | +10.35% | +185.56% | +166.23% |
| Volatility (annualized) | 42.88% | 45.80% | 46.53% |
| Largest drawdown | -20.59% | -34.98% | -36.19% |
| Positive months | 6/12 | 22/36 | 34/60 |
How much did investing in UAL return?
$1,000.00 invested on 11/01/2021 would be worth $2,662.33 today.
- Value today in UAL
- $2,662.33
- Return over the period
- +166.23%
- Return per year
- +22.04%
- In the S&P 500
- $1,690.98
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
UAL fundamentals
Valuation
- P/E10.44
- P/B2.19
- EV/EBITDA4.64
- EV/EBIT7.49
- EV/Revenue0.58
- P/EBIT7.49
- P/S0.58
- P/OCF4.10
- P/FCF—
- Earnings yield13.34%
- PEG ratio—
- Earnings per share$10.77
- Book value per share$51.44
Debt
- Net debt—
- Net debt/EBITDA—
- Net debt/Equity—
- Debt/Equity—
- Current ratio0.78
- Quick ratio—
- Cash ratio0.60
Efficiency
- Gross margin—
- EBITDA margin12.51%
- Operating margin7.75%
- Net margin5.56%
- Asset turnover0.74
Profitability
- ROE20.94%
- ROA4.14%
- ROIC22.79%
- Payout0.00%
Growth
- Revenue CAGR (5 years)33.94%
- Earnings CAGR (5 years)—
- Revenue growth (year)—
- Earnings growth (year)—
- Revenue growth (quarter)—
- Earnings growth (quarter)—
What is UAL's fair price?
Two classic value formulas, with today's numbers. The current price is $112.51.
- Graham's fair price
- $111.67
- 0.75% below the price
√(22.50 × $10.77 × $51.44)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to UAL: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
UAL's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 10.79 | 10.09 | 5.17 | 16.73 | -7.24 | -1.95 | 7.26 | 10.52 |
| P/B | 2.37 | 2.51 | 1.45 | 1.79 | 2.83 | 2.31 | 1.89 | 2.22 |
| EV/EBITDA | 5.91 | 5.23 | 4.10 | 5.66 | 19.94 | — | 4.77 | 5.90 |
| Earnings per share | $10.37 | $9.62 | $7.98 | $2.25 | -$6.05 | -$22.20 | $12.14 | $7.96 |
| Book value per share | $47.25 | $38.72 | $28.42 | $21.08 | $15.49 | $18.71 | $46.51 | $37.65 |
| ROE | 21.94% | 24.84% | 28.08% | 10.69% | -39.05% | -118.61% | 26.09% | 21.13% |
| ROIC | 15.10% | 16.85% | 13.56% | 8.03% | -3.93% | -24.24% | 15.64% | 13.24% |
| EBITDA margin | 12.95% | 14.06% | 12.81% | 10.66% | 5.94% | -25.21% | 15.23% | 13.06% |
| Net margin | 5.68% | 5.52% | 4.87% | 1.64% | -7.97% | -46.04% | 6.96% | 5.14% |
| Net debt/EBITDA | 1.18 | 1.27 | 2.13 | 3.08 | 10.22 | — | 1.46 | 1.76 |
UAL's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $59.1B | $57.1B | $53.7B | $45B | $24.6B | $15.4B |
| Cost of revenue | — | — | — | — | — | — |
| Gross profit | — | — | — | — | — | — |
| EBITDA | $7.7B | $8B | $6.9B | $4.8B | $1.5B | -$3.9B |
| EBIT | $4.7B | $5.1B | $4.2B | $2.3B | -$1B | -$6.4B |
| Financial result | -$408M | -$928M | -$824M | -$1.3B | -$1.5B | -$2.5B |
| Income before tax | $4.3B | $4.2B | $3.4B | $990M | -$2.6B | -$8.8B |
| Income tax | -$953M | -$1B | -$769M | -$253M | $593M | $1.8B |
| Net income | $3.4B | $3.1B | $2.6B | $737M | -$2B | -$7.1B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does UAL pay dividends?
UAL has no distributions on record.
About United Airlines Holdings
- Sector
- Transportation and utilities
Questions about UAL
How much is UAL today?
UAL is at $112.51 (0.65% on the day), last traded on 10/02/2026.
What are the P/E and P/B of UAL?
UAL trades at a P/E of 10.44 and a P/B of 2.19.
How much did UAL return in 12 months?
UAL returned 10.35% in 12 months, with annualized volatility of 42.88% and a largest drawdown of -20.59%.