United Airlines Holdings, Inc. (UAL)

NASDAQ · Industrials · market cap 37.34B

Share price

$107.64

At the last nightly close

Intrinsic value

$84.01

Range $84.01 – $112.35 — the conservative figure is the low end.

Margin of safety

-22.0%

($84.01 − $107.64) ÷ $107.64

EV / EBIT

18.7

On the median operating profit of 15 fiscal years through 2025.

How these numbers are computed

The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above is the low end of what they agree on.

The frame gives no credit for growth. A company that compounds will therefore read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.

The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.

Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-03.

Key metrics

Price / earnings10.1
Price / book2.1
EV / EBITDA7.3
FCF / EV+2.1%
Return on equity+23.3%
Return on assets+3.4%
Debt / equity2.02
Gross margin+31.8%

Market position

52-week high$136.11
52-week low$85.21
From 52-week high-20.9%
RSI (14)41.7
200-day moving average$110.09

Annual financials

PeriodRevenueOperating incomeNet incomeEPSFree cash flow
2025-FY59.07B4.97B3.35B10.372.56B
2024-FY57.06B5.21B3.15B9.603.83B
2023-FY53.72B5.16B2.62B7.98-260.0M
2022-FY44.95B2.48B737.0M2.251.25B
2021-FY24.63B-1.02B-1.96B-6.10-40.0M

Filed figures from SEC EDGAR, in the reporting currency.

Next earnings

Q4 2026 expectedOctober 21, 2026
Consensus EPS estimate2.89

Recent news

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This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.