United Airlines Holdings, Inc. Common Stock (UAL) Valuation
Historical valuation analysis based on 1279 data points (2021-09-14 to 2026-10-16)
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system th...
United Airlines Holdings, Inc. Common Stock (UAL) currently trades at a P/E ratio of 8.92 (historical range: 3.93–46.29, median: 9.00), placing it at the 50th percentile — near its historical average, P/S ratio of 0.50 (range: 0.21–1.08, 55th percentile — near its historical average), EV/EBITDA of 9.89 (range: 4.38–173.02, 63th percentile).
Over the historical period (2021-09-14 to 2026-10-16), United Airlines Holdings, Inc. Common Stock's P/E ratio has expanded by 123% over the observed period (from an average of 6.0 to 13.3).
United Airlines Holdings, Inc. Common Stock trades above its historical valuation range, with most metrics above their median levels.
Historical Valuation Metrics
| Metric | Current | Median | %ile | Assessment |
|---|---|---|---|---|
| P/E Ratio | 8.92 | 9.00 | 50th | near its historical average |
| P/S Ratio | 0.50 | 0.45 | 55th | near its historical average |
| EV/EBITDA | 9.89 | 8.93 | 63th | above its historical average |
| FCF Yield | 8.16% | 10.00% | 28th | above its historical average |
United Airlines Holdings, Inc. Common Stock (UAL) Valuation & P/E History
United Airlines Holdings, Inc. Common Stock (UAL) is a US-listed stock operating in the Consumer Cyclical sector, specifically the Air Transportation, Scheduled industry currently trading at $96.24 with a market capitalization of $31.2 billion. This page provides historical valuation analysis for UAL based on 1279 data points covering 2021-09-14 to 2026-10-16. The P/E ratio of 8.92 is below the historical median of 9.00, placing UAL at the 50th percentile of its valuation range. The P/S ratio of 0.50 compares to a median of 0.45.
UAL Valuation Metrics & Historical Range
The valuation table above shows United Airlines Holdings, Inc. Common Stock's current and historical valuation multiples, including P/E ratio, P/S ratio, EV/EBITDA, FCF yield, and dividend yield. Each metric is compared to its own historical range to determine whether UAL is currently trading above or below its typical valuation levels.
- P/E ratio: Price-to-earnings measures how much investors pay per dollar of earnings. A P/E above the historical median suggests UAL is expensively valued; below the median suggests it is cheap.
- P/S ratio: Price-to-sales is useful for companies with volatile or negative earnings. Lower P/S relative to history may indicate value.
- EV/EBITDA: Enterprise value to EBITDA adjusts for debt and cash, providing a capital-structure-neutral valuation measure for United Airlines Holdings, Inc. Common Stock.
- FCF yield: Free cash flow yield shows the cash return relative to market price. Higher yields may indicate undervaluation.
Is UAL Overvalued or Undervalued?
United Airlines Holdings, Inc. Common Stock trades above its historical valuation range, with most metrics above their median levels. The overall valuation percentile of 56 combines P/E, P/S, and EV/EBITDA percentiles into a single measure of how expensive UAL is relative to its own history. A percentile below 25 suggests the stock may be undervalued, while a percentile above 75 suggests it may be overvalued.
However, valuation is only one factor in investment decisions. A stock can remain "overvalued" for years if growth accelerates, or "undervalued" if the business deteriorates. Always combine valuation analysis with financial statement analysis and the full UAL analysis page for a complete picture.
Valuation data is computed from historical price and fundamental data via Polygon.io and Finnhub.UAL trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.