United Airlines Holdings Inc UAL

113.99 2.80 2.52% as of 25 Sep
Market cap
$36.4B
P/E
10.7×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

United Airlines Holdings Inc (UAL) P/B ratio

As of 25 September 2026, United Airlines Holdings Inc (UAL) trades at a P/B ratio of 2.2×. Over the past ten years it has ranged from 0.5× (March 2020) to 11.4× (January 2015); the current reading is higher than 41% of that period. That is above the Airlines industry median of 2.1× and below the Industrials sector median of 2.4×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 2.4× (5.56%)
FY2024 2.5× 75.84%
FY2023 1.4× (18.71%)
FY2022 1.8× (37.15%)
FY2021 2.8× 38.21%
FY2020 2.0× 2.55%
FY2019 2.0× (13.93%)
FY2018 2.3× (3.86%)
FY2017 2.4× (13.75%)
FY2016 2.8× 15.25%

Quarterly

Period P/B ratio Change
Jun 2026 2.6× 40.74%
Mar 2026 1.9× (20.99%)
Dec 2025 2.4× 8.90%
Sep 2025 2.2× 12.95%
42 more quarters

Against its own ten years

Low 0.5× High 11.4×
Ten-year median 2.3×
Current reading's percentile 41

P/B ratio against peers

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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