Stock Analysis
United Airlines Holdings, Inc. Common StockUAL
P/E 8.92×· 5Y range 3.93–46.29×· 50th percentile of history
Sector: Consumer Cyclical · Industry: Air Transportation, Scheduled
AnalystsStrong Buy30 analystsP/E 8.9× sits at the 50th percentile of its 5.086926762491444-year history.
Cash covers 49% of debt · Q2 2026.
PMP Verdict
Mixed fundamentals, fairly valued
Strengths
- Quality74
Risks
- Growth30
- Financial Health39
Mixed picture — no clear quality or value edge.
Market context
-5.1% today· Z 2.0σ
Bull Case
- ✓Piotroski F-Score 7/9 — high earnings quality
- ✓ROE 20.9% — efficient capital deployment
- ✓Revenue CAGR 24.4% — durable top-line growth
What's happening with UAL
Profile
Strong valuation; growth, moat and financial health lag behind.
How is each axis scored?
- Valuation87/100 · Strong
- P/E vs own history (50th pct)12/25
- FCF yield (8.1%)25/25
- P/S (0.5x)25/25
- EV/EBIT (9.9x)25/25
- Growth30/100 · Weak
- Revenue CAGR (24.4%)25/25
- Net income CAGR (n/a)0/25
- EPS CAGR 5Y (n/a)0/25
- Fwd implied growth (4.1%)5/25
- Profitability50/100 · Moderate
- ROIC (11.4%)12/25
- ROE (20.9%)20/25
- Net margin (5.6%)13/25
- Operating margin (7.7%)5/25
- Financial Health39/100 · Weak
- Altman Z (0.85)3/25
- Current ratio (0.78)6/25
- Interest coverage (6.0x)18/25
- Net cash / debt (D/A 20%)12/25
- Quality74/100 · Moderate
- Piotroski F (7/9)22/25
- Beneish M (-2.75)25/25
- FCF conversion (73%)15/25
- Margin stability (σ 14.4%)12/25
- Moat30/100 · Weak
- ROIC >12% years (7/10 yrs)20/25
- Median gross margin (8.5%)0/25
- FCF-positive years (6/10 yrs)10/25
- Worst-year net margin (worst -46.2%)0/25
Risk Flags
- ⚠Altman Z 0.8 — distress-zone balance sheet
- ⚠2 loss-making years in recent history
About United Airlines Holdings, Inc. Common Stock
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D. Show more
C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
Headquarters: CHICAGO, IL · Employees: 117,500 · Website ↗
Price History
Weekly Candlestick Chart — up to 5Y
Key Metrics
Financial snapshot · Tap any metric for its definition and grade
TTM Snapshot
trailing twelve months · YoYValuation
87AP/E (TTM)8.9xA
Grade A: CheapPrice / TTM EPS (own statements) — vs own 5Y history: 3.9x–46.3x · 50th pct
P/FCF9.7xA
Grade A: CheapPrice / Free Cash Flow per share (Finnhub). Inverse of FCF yield — negative when FCF is negative · Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
FCF Yield8.1%A
Grade A: ValueTTM (OCF − CapEx) / Market Cap — vs own 5Y history: -15.0%–20.4% · 36th pct · Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
P/S (TTM)0.50xA
Grade A: CheapPrice / TTM Revenue (own statements) — vs own 5Y history: 0.2x–1.1x · 55th pct
EV/EBIT9.9xA
Grade A: CheapEnterprise value / TTM EBIT (D&A not in our data) — capital-structure neutral — vs own 5Y history: 4.4x–173.0x · 63rd pct
EV/Sales0.8xA
Grade A: CheapEnterprise Value / TTM Revenue (Finnhub) — capital-structure neutral sales multiple
Forward P/E8.6xA
Grade A: CheapPrice / next-year EPS estimate — shows whether the TTM multiple is rich or just front-loading growth
P/B Ratio1.87xA
Grade A: FairPrice to Book Value. Neg. equity = heavy buybacks
PEG Ratio0.61A
Grade A: CheapFinnhub PEG — their P/E basis ÷ expected EPS growth. Suppressed when their P/E diverges >2× from our TTM P/E (different basis)
Dividend Yield—
TTM dividend yield (Finnhub) — annual dividends / price. None = no dividend; very high yield can signal distress
Payout Ratio—
Dividends / Net Income (Finnhub) — share of earnings paid out; >90% or negative = unsustainable
Elevated investment: Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
Profitability
50CROIC11.4%C
Grade C: AverageNOPAT (EBIT less ~21% tax) / invested capital (equity + debt − cash). Flagship quality metric — durable >15% signals a moat
ROE20.9%A
Grade A: StrongReturn on Equity. Neg. equity = heavy buybacks
ROA4.4%D
Grade D: WeakReturn on Assets (Finnhub) — Net Income / Total Assets; how efficiently assets produce profit
Net Margin5.6%C
Grade C: AverageNet Income / Revenue
Operating Margin7.7%D
Grade D: LowTTM EBIT / TTM Revenue
Gross Margin7.8%D
Grade D: LowGross Profit / Revenue
FCF Margin4.0%D
Grade D: LowFCF / Revenue · Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
True FCF Margin4.0%D
Grade D: LowTTM (OCF − CapEx − SBC) / TTM Revenue — SBC treated as a real cost · Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
Growth
30DRevenue CAGR24.4%A
Grade A: HighCompound annual revenue growth (up to 5Y depending on data availability)
Net Income CAGR—
Compound annual net income growth (up to 5Y depending on data availability)
EPS CAGR (5Y)—
Compound annual EPS growth over up to 5Y of per-share earnings (own statements). Null when either endpoint EPS ≤ 0
Implied EPS Growth4.1%B
Grade B: LowAnalyst forward EPS (normalized basis) vs our GAAP TTM EPS — different bases, so extreme values usually mark cyclically depressed TTM earnings, not real growth
Dilution (5Y)+1.5%B
Grade B: FlatShare count change over 5Y
SBC / Net Income—
Stock-based comp/Net income. >30% = dilution risk
SBC / Revenue—
TTM stock-based comp / TTM Revenue
Financial Health
39DAltman Z-Score0.85D
Grade D: DistressBankruptcy risk. >3 Safe, <1.8 Distress
Current Ratio0.78xD
Grade D: LowCurrent Assets/Liabilities
Quick Ratio0.69xC
Grade C: Ok(Current Assets − Inventory) / Current Liabilities (Finnhub) — stricter liquidity test, excludes inventory
Interest Coverage6.0xC
Grade C: OkEBIT/Interest. >10 Strong
Debt Repayment6.7yC
Grade C: AverageYears to repay net debt via FCF · Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
Net Debt/EBIT3.5xC
Grade C: MedLeverage. <2x Low, >4x High
Debt/Equity2.02xD
Grade D: HighDebt / Equity: <1 Conservative, >2 Risky. Not meaningful with non-positive equity; shown as unavailable rather than low debt.
Cash / Debt0.49xC
Grade C: PartialCash covers how much of total debt. >1 = could repay all debt from cash
Quality
74B+Piotroski F-Score7/9A
Grade A: StrongFinancial strength 0–9. >7 Strong
Beneish M-Score-2.75A
Grade A: SafeEarnings manipulation risk. < -2.22 Safe
FCF Conversion72.8%C
Grade C: AverageFCF / Net Income · Elevated investment — CapEx = 71% of operating cash flow, weighing on reported FCF
Margin Stability14.4%C
Grade C: AverageEBIT margin std deviation. Lower = stable
Capex / Revenue10.1%C
Grade C: AverageTTM CapEx / TTM Revenue — high % = capital-hungry business
Asset Turnover0.79xC
Grade C: AverageRevenue / Total Assets (Finnhub) — how efficiently the asset base generates sales
Insider Transactions
SEC Form 4 · 8 recordsP/S codes are the directional signal; grants, option exercises and tax withholding carry none. Form 4 doesn't flag 10b5-1 plans — scheduled sales may appear within open-market sells.
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
BREWER ROSALIND G Filed | BREWER ROSALIND G | Grant / award | +157 | |
SHAPIRO EDWARD Filed | SHAPIRO EDWARD | Grant / award | +358 | |
Friend Matthew Filed | Friend Matthew | Grant / award | +347 | |
Ward Laysha Filed | Ward Laysha | Grant / award | +347 | |
ISAACSON WALTER Filed | ISAACSON WALTER | Grant / award | +358 |
Show 3 more filingsShow fewer filings
| Trade date | Insider | Transaction | Shares | Filed |
|---|---|---|---|---|
Nocella Andrew P Filed | Nocella Andrew P | SellOpen market sale | -5000 | |
SHAPIRO EDWARD Filed | SHAPIRO EDWARD | Gift | -50000 | |
Nocella Andrew P Filed | Nocella Andrew P | SellOpen market sale | -3000 |
More metrics — Moat, Per Share, Balance Sheet, MarketHide additional metrics
Moat
30DROIC >12% Years7/10 yrsA
Grade A: DurableShare of completed fiscal years with ROIC > 12% — measures multi-year capital-return durability
Gross Margin (Med.)8.5%D
Grade D: WeakMedian annual gross margin across available fiscal years — pricing-power durability
FCF-Positive Years6/10 yrsD
Grade D: WeakShare of completed fiscal years with positive free cash flow
Net Margin Floor-46.2%D
Grade D: WeakWeakest annual net margin across completed fiscal years — recession/downcycle resilience
Per Share
EPS (TTM)$10.77
Own TTM net income / shares — same earnings basis as P/E
Cash / Share$51.26
Cash & short-term investments per share (Finnhub)
Book Value / Share$51.44
Shareholders' equity per share (Finnhub). Negative = accumulated losses / heavy buybacks
Balance Sheet
Total Debt$33.67B
Total debt obligations (short + long term)
Cash & Equiv.$16.64B
Cash and short-term investments
Net Debt$17.03B
Total Debt minus Cash. Negative = Net Cash position
Total Equity$16.70B
Shareholders' equity (book value)
Asset / Liability1.25xC
Grade C: AdequateTotal Assets / Total Liabilities
Market
Market Cap$31.24B
Current Market Capitalization
Beta1.38C
Grade C: VolatilePrice sensitivity vs the market (Finnhub) — 1.0 moves with market, >1.2 amplifies swings
How grades work: each metric is graded A–D against fixed thresholds (tap a row for the meaning). Card grades map the pillar score to A+–E — a card grade is that pillar's own score, not an average of the rows shown.
Financials as of Jun 2026 · Ratio snapshot Oct 17, 2026
Key Insights: United Airlines Holdings, Inc. Common Stock (UAL)
UAL is down 5.14% at the last close. United Airlines Holdings, Inc. Common Stock meets 7 of 9 Piotroski F-Score criteria, placing its fundamental strength in the top tier of US-listed stocks. Altman Z-Score of 0.85 is below the 1.81 distress threshold — an elevated financial-risk flag. Beneish M-Score of -2.75 suggests a low likelihood of earnings manipulation. Revenue has compounded at roughly 24% annually — a strong growth profile.
- Takes ~6.7 years to repay net debt from free cash flow.
- United Airlines Holdings, Inc. Common Stock posted a net loss in 2 of 10 available completed fiscal years (2016–2025).
- At a valuation score of 87/100, UAL trades near the cheapest end of its own historical range (P/E 8.9).
- Return on equity of 20.9% is well above the market average.
See how UAL ranks on the Capex Tracker — top 50 capital spenders compared.
Recent Market Moves
See all UAL moves →| Date | Session | Price | Move | Z-Score |
|---|---|---|---|---|
| Oct 16 | Regular | 96.27 | -4.97% | -2.03 |
| Oct 16 | After-hours | 96.24 | -5.01% | -2.04 |
| Oct 14 | After-hours | 98.70 | -4.39% | -2.04 |
| Sep 21 | Regular | 114.61 | +5.42% | 2.62 |
| Sep 21 | After-hours | 114.53 | +5.35% | 2.58 |
Frequently Asked Questions about UAL
What is the current United Airlines Holdings, Inc. Common Stock (UAL) stock price?
UAL is trading at $96.10 at the last market close, down 5.14% on the session. PreMarketPrice tracks UAL pre-market, intraday and after-hours prices.
Is UAL stock a buy right now?
PreMarketPrice's quantitative model rates United Airlines Holdings, Inc. Common Stock's financial health at 39/100. This is a data-driven snapshot of fundamentals, not investment advice.
Is UAL stock overvalued?
United Airlines Holdings, Inc. Common Stock trades at a trailing P/E of 8.9 and our valuation score rates it 87/100 (higher = cheaper vs. its own history). See the Valuation History and Key Metrics sections for forward P/E, EV/EBITDA and PEG context.
When does United Airlines Holdings, Inc. Common Stock report earnings?
No confirmed earnings date is currently scheduled for UAL. The Earnings section lists recent reports and updates as dates are announced.
What sector does United Airlines Holdings, Inc. Common Stock operate in?
United Airlines Holdings, Inc. Common Stock operates in the Consumer Cyclical sector, within the Air Transportation, Scheduled industry. The Related Stocks section lists sector peers for comparison.
What does United Airlines Holdings, Inc. Common Stock do?
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.
About United Airlines Holdings, Inc. Common Stock (UAL) Stock
United Airlines Holdings, Inc. Common Stock (UAL) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Air Transportation, Scheduled industry. As of the latest update, United Airlines Holdings, Inc. Common Stock is trading at $96.10, down 5.14% on the day with a market capitalization of $31.2 billion. The financial health score for UAL is 39/100, which indicates weak financial strength based on profitability, leverage, liquidity, and growth metrics. This page provides real-time pre-market pricing, earnings calendar, financial health analysis, and valuation metrics for UAL stock.
UAL Stock Analysis & Key Metrics
On PreMarketPrice, you can track United Airlines Holdings, Inc. Common Stock (UAL) across multiple dimensions:
- Pre-market price & movement: Real-time UAL stock price with percentage change, updated continuously during pre-market and regular trading hours.
- Valuation & P/E history: Historical P/E, P/S, and P/B ratios for UAL with trend analysis and normalized valuation multiples.
- Financial statements: Revenue, net income, assets, liabilities, and equity for United Airlines Holdings, Inc. Common Stock across multiple reporting periods.
- Financial health score: A composite score of 39/100 based on Altman Z-Score, Piotroski F-Score, profitability, and leverage metrics for UAL.
- Sector peers: Compare UAL against 6 other consumer cyclical stocks on key financial metrics.
Is UAL a Good Stock to Buy?
This page provides data-driven analysis to help you evaluate United Airlines Holdings, Inc. Common Stock (UAL) as an investment. The financial health score of 39/100 suggests weak financial fundamentals. Valuation metrics show whether the stock is trading above or below its historical average.However, this is not financial advice — always do your own research before investing.
Data on this page is sourced from real-time market feeds, Polygon.io, and Finnhub.United Airlines Holdings, Inc. Common Stock (UAL) trades on NYSE/NASDAQ. Pre-market trading occurs 4:00 AM – 9:30 AM ET. Regular market hours are 9:30 AM – 4:00 PM ET.