Stock Analysis on Net

United Airlines Holdings Inc. (NASDAQ:UAL)

$24.99

Price to Sales (P/S)
since 2005

Microsoft Excel

Paying user area

The data is hidden behind: . Unhide it.

This is a one-time payment. There is no automatic renewal.


We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Calculation

United Airlines Holdings Inc., P/S, long-term trends, calculation

Microsoft Excel

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-sales (P/S) ratio for the period examined exhibits considerable fluctuation. Initially, the ratio remained relatively stable between 0.22 and 0.18 from 2006 to 2008. A significant decline to 0.03 occurred in 2009, followed by a partial recovery to 0.18 in 2010. Subsequent years demonstrated increased volatility, peaking at 0.67 in 2015 before decreasing to 0.28 in 2023, and then rising again to 0.53 in 2024.

Initial Stability (2006-2008)
From 2006 through 2008, the P/S ratio remained within a narrow range, suggesting a consistent valuation relative to sales during this period. The slight decrease over these years may indicate a modest adjustment in investor expectations.
Dramatic Decline and Recovery (2009-2010)
The year 2009 witnessed a substantial drop in the P/S ratio, likely reflecting significant challenges impacting revenue or a sharp decrease in share price. The subsequent increase in 2010 suggests a partial restoration of investor confidence or an improvement in financial performance.
Volatility and Peak (2011-2015)
The period between 2011 and 2015 was characterized by increased volatility in the P/S ratio. The ratio climbed to its highest point in the observed timeframe in 2015, potentially indicating positive market sentiment or strong revenue growth relative to share price.
Recent Fluctuations (2016-2025)
From 2016 onwards, the P/S ratio experienced further fluctuations. A decrease was observed in 2016, followed by a period of relative stability before a notable decline in 2023. The ratio then increased in 2024 and 2025, suggesting a renewed positive outlook or a change in market perception. The increase to 0.60 in 2025 represents a return towards levels seen earlier in the decade.

Overall, the P/S ratio demonstrates a lack of consistent trend, indicating that the market valuation of the company relative to its sales has been subject to considerable external and internal factors throughout the analyzed period. The significant drop in 2009 and the subsequent volatility highlight periods of substantial change or uncertainty.


Comparison to Competitors

United Airlines Holdings Inc., P/S, long-term trends, comparison to competitors

Microsoft Excel

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)


Comparison to Industry (Industrials)