Price to Book Value (P/BV)
since 2005
Paying user area
Try for free
United Airlines Holdings Inc. pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Analysis of Revenues
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to United Airlines Holdings Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
United Airlines Holdings Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity (deficit)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 12, 2026 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2025 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2024 | = | ÷ | = | ÷ | |||||||
| Feb 16, 2023 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2022 | = | ÷ | = | ÷ | |||||||
| Mar 1, 2021 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2020 | = | ÷ | = | ÷ | |||||||
| Feb 28, 2019 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2018 | = | ÷ | = | ÷ | |||||||
| Feb 23, 2017 | = | ÷ | = | ÷ | |||||||
| Feb 18, 2016 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2015 | = | ÷ | = | ÷ | |||||||
| Feb 20, 2014 | = | ÷ | = | ÷ | |||||||
| Feb 25, 2013 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 22, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2010 | = | ÷ | = | ÷ | |||||||
| Mar 2, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2008 | = | ÷ | = | ÷ | |||||||
| Mar 16, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2006 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of United Airlines Holdings Inc. Annual Report.
The price-to-book value (P/BV) ratio exhibits considerable fluctuation over the observed period. Initial values are unavailable until 2007, after which the ratio demonstrates volatility, particularly in the late 2000s and early 2010s, before stabilizing somewhat in the mid-2010s. Recent years show renewed variability, culminating in a higher ratio in 2024 and projected values for 2025 and 2026.
- Early Period (2007-2009)
- The P/BV ratio begins at 2.02 in 2007, decreases to 1.49 in 2008, and then lacks a value for 2009. This period coincides with the global financial crisis, and the absence of a 2009 ratio may indicate significant challenges in determining book value or market capitalization during that time.
- Volatility and Recovery (2010-2015)
- From 2010 to 2015, the P/BV ratio experiences substantial swings. It rises to 4.65 in 2011, then declines, reaching a low of 10.91 in 2015. This period likely reflects the airline industry’s recovery from the financial crisis and subsequent adjustments to market conditions. The high value in 2011 and 2015 suggests periods of investor optimism relative to the company’s book value.
- Mid-Period Stabilization (2016-2019)
- The P/BV ratio demonstrates a degree of stabilization between 2016 and 2019, ranging from 2.08 to 2.34. This suggests a more consistent valuation by the market relative to book value during this period. The ratio gradually increases over these years, indicating improving investor confidence.
- Recent Fluctuations (2020-2026)
- The period from 2020 onwards is marked by renewed volatility. The ratio decreases to 1.52 in 2020, likely influenced by the onset of the COVID-19 pandemic and its impact on the airline industry. It then increases to 2.85 in 2021 and 3.06 in 2022, before decreasing to 2.32 in 2023. Projected values for 2024, 2025, and 2026 are 2.38, 2.31, and 2.31 respectively, suggesting a potential stabilization around this level. The fluctuations in this period likely reflect the industry’s response to changing travel demand and economic conditions.
Overall, the P/BV ratio for this entity has been dynamic, influenced by macroeconomic events and industry-specific challenges. The ratio’s recent behavior suggests a potential return to a more stable valuation, but continued monitoring is warranted given the inherent volatility of the airline sector.
Comparison to Competitors
United Airlines Holdings Inc., P/BV, long-term trends, comparison to competitors
| United Airlines Holdings Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Parcel Service Inc. | |
|---|---|---|---|---|---|
| Feb 12, 2026 | |||||
| Feb 27, 2025 | |||||
| Feb 29, 2024 | |||||
| Feb 16, 2023 | |||||
| Feb 18, 2022 | |||||
| Mar 1, 2021 | |||||
| Feb 25, 2020 | |||||
| Feb 28, 2019 | |||||
| Feb 22, 2018 | |||||
| Feb 23, 2017 | |||||
| Feb 18, 2016 | |||||
| Feb 20, 2015 | |||||
| Feb 20, 2014 | |||||
| Feb 25, 2013 | |||||
| Feb 22, 2012 | |||||
| Feb 22, 2011 | |||||
| Feb 26, 2010 | |||||
| Mar 2, 2009 | |||||
| Feb 29, 2008 | |||||
| Mar 16, 2007 | |||||
| Mar 31, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Transportation)
United Airlines Holdings Inc., P/BV, long-term trends, comparison to sector (transportation)
| United Airlines Holdings Inc. | Transportation | |
|---|---|---|
| Feb 12, 2026 | ||
| Feb 27, 2025 | ||
| Feb 29, 2024 | ||
| Feb 16, 2023 | ||
| Feb 18, 2022 | ||
| Mar 1, 2021 | ||
| Feb 25, 2020 | ||
| Feb 28, 2019 | ||
| Feb 22, 2018 | ||
| Feb 23, 2017 | ||
| Feb 18, 2016 | ||
| Feb 20, 2015 | ||
| Feb 20, 2014 | ||
| Feb 25, 2013 | ||
| Feb 22, 2012 | ||
| Feb 22, 2011 | ||
| Feb 26, 2010 | ||
| Mar 2, 2009 | ||
| Feb 29, 2008 | ||
| Mar 16, 2007 | ||
| Mar 31, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Industrials)
United Airlines Holdings Inc., P/BV, long-term trends, comparison to industry (industrials)
| United Airlines Holdings Inc. | Industrials | |
|---|---|---|
| Feb 12, 2026 | ||
| Feb 27, 2025 | ||
| Feb 29, 2024 | ||
| Feb 16, 2023 | ||
| Feb 18, 2022 | ||
| Mar 1, 2021 | ||
| Feb 25, 2020 | ||
| Feb 28, 2019 | ||
| Feb 22, 2018 | ||
| Feb 23, 2017 | ||
| Feb 18, 2016 | ||
| Feb 20, 2015 | ||
| Feb 20, 2014 | ||
| Feb 25, 2013 | ||
| Feb 22, 2012 | ||
| Feb 22, 2011 | ||
| Feb 26, 2010 | ||
| Mar 2, 2009 | ||
| Feb 29, 2008 | ||
| Mar 16, 2007 | ||
| Mar 31, 2006 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).