Price to Earnings (P/E)
since 2005
Calculation
United Parcel Service Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 18, 2025 | 17.05 | = | 115.42 | ÷ | 6.77 | 6.77 | = | 5,782 | ÷ | 854,171,950 | |
| Feb 20, 2024 | 18.89 | = | 148.64 | ÷ | 7.87 | 7.87 | = | 6,708 | ÷ | 852,653,061 | |
| Feb 21, 2023 | 13.27 | = | 178.46 | ÷ | 13.45 | 13.45 | = | 11,548 | ÷ | 858,740,988 | |
| Feb 22, 2022 | 14.11 | = | 208.97 | ÷ | 14.81 | 14.81 | = | 12,890 | ÷ | 870,391,403 | |
| Feb 22, 2021 | 104.33 | = | 161.60 | ÷ | 1.55 | 1.55 | = | 1,343 | ÷ | 867,038,529 | |
| Feb 20, 2020 | 20.59 | = | 106.48 | ÷ | 5.17 | 5.17 | = | 4,440 | ÷ | 858,487,676 | |
| Feb 21, 2019 | 20.07 | = | 111.76 | ÷ | 5.57 | 5.57 | = | 4,791 | ÷ | 860,228,976 | |
| Feb 21, 2018 | 18.37 | = | 104.70 | ÷ | 5.70 | 5.70 | = | 4,910 | ÷ | 861,614,779 | |
| Feb 21, 2017 | 27.32 | = | 107.72 | ÷ | 3.94 | 3.94 | = | 3,431 | ÷ | 870,029,643 | |
| Feb 25, 2016 | 17.84 | = | 97.72 | ÷ | 5.48 | 5.48 | = | 4,844 | ÷ | 884,391,616 | |
| Feb 27, 2015 | 30.28 | = | 101.73 | ÷ | 3.36 | 3.36 | = | 3,032 | ÷ | 902,538,724 | |
| Feb 28, 2014 | 20.22 | = | 95.77 | ÷ | 4.74 | 4.74 | = | 4,372 | ÷ | 922,908,378 | |
| Feb 28, 2013 | 97.65 | = | 82.65 | ÷ | 0.85 | 0.85 | = | 807 | ÷ | 953,449,942 | |
| Feb 27, 2012 | 19.35 | = | 76.77 | ÷ | 3.97 | 3.97 | = | 3,804 | ÷ | 958,720,394 | |
| Feb 28, 2011 | 20.89 | = | 73.80 | ÷ | 3.53 | 3.53 | = | 3,488 | ÷ | 987,118,374 | |
| Feb 26, 2010 | 27.10 | = | 58.74 | ÷ | 2.17 | 2.17 | = | 2,152 | ÷ | 992,852,360 | |
| Feb 27, 2009 | 13.65 | = | 41.18 | ÷ | 3.02 | 3.02 | = | 3,003 | ÷ | 995,438,686 | |
| Feb 29, 2008 | 190.19 | = | 70.24 | ÷ | 0.37 | 0.37 | = | 382 | ÷ | 1,034,363,321 | |
| Mar 1, 2007 | 17.80 | = | 70.12 | ÷ | 3.94 | 3.94 | = | 4,202 | ÷ | 1,066,456,567 | |
| Mar 14, 2006 | 22.04 | = | 78.10 | ÷ | 3.54 | 3.54 | = | 3,870 | ÷ | 1,092,122,669 |
Based on: 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 Parcel Service Inc. Annual Report.
- Share Price Trend
- The share price exhibits considerable volatility over the analyzed period. Starting at $78.10 in 2006, it declined sharply in 2009 to a low of $41.18, likely reflecting broader market conditions or company-specific challenges. From 2010 onwards, the price generally trended upward, peaking at $208.97 in 2021. After this peak, a declining trend is observable, with the share price decreasing to $115.42 by 2025. This recent downward movement may suggest market corrections or other influencing factors.
- Earnings Per Share (EPS) Analysis
- EPS data show notable fluctuations. Initial values are relatively stable around $3.54 to $3.94 between 2006 and 2007, followed by a sharp drop to $0.37 in 2008. Subsequent years show a recovery with another dip in 2013 to $0.85. Post-2013, EPS generally increased, reaching a peak of $14.81 in 2021. However, similar to share price, EPS decreases notably after 2021, ending at $6.77 in 2025. This pattern indicates periods of instability and strong recovery phases within the company's profitability over time.
- P/E Ratio Overview
- The price-to-earnings (P/E) ratio demonstrates considerable oscillation, reflecting variability between share price and earnings. Extremely high P/E ratios are noted in 2008 (190.19), 2013 (97.65), and 2021 (104.33), corresponding with years where EPS was particularly low or volatile. Lower P/E ratios are observed in stable earnings years, with values around 13 to 22 in multiple intervals. The P/E ratio trends suggest that market valuation often reacted strongly to earnings volatility, indicating periods of investor uncertainty or optimism.
- Combined Insights
- The data reflect multiple periods of financial instability, with significant dips in EPS causing spikes in the P/E ratio. The share price trends generally follow EPS movements, showing recovery after lows but falling back in the last years of the series. The fluctuations in earnings and share price imply the company has experienced cycles of earnings pressure and recovery, affecting investor sentiment as reflected in share price and valuation metrics.
Comparison to Competitors
United Parcel Service Inc., P/E, long-term trends, comparison to competitors
| United Parcel Service Inc. | FedEx Corp. | Uber Technologies Inc. | Union Pacific Corp. | United Airlines Holdings Inc. | |
|---|---|---|---|---|---|
| Feb 18, 2025 | 17.05 | 17.21 | 16.83 | 21.68 | 9.58 |
| Feb 20, 2024 | 18.89 | 16.11 | 89.56 | 23.85 | 5.70 |
| Feb 21, 2023 | 13.27 | 14.80 | — | 17.97 | 21.74 |
| Feb 22, 2022 | 14.11 | 15.07 | — | 23.67 | — |
| Feb 22, 2021 | 104.33 | 33.43 | — | 25.57 | — |
| Feb 20, 2020 | 20.59 | 82.00 | — | 21.44 | 5.82 |
| Feb 21, 2019 | 20.07 | 13.39 | — | 19.60 | 11.00 |
| Feb 21, 2018 | 18.37 | 19.29 | — | 9.26 | 8.91 |
| Feb 21, 2017 | 27.32 | 23.45 | — | 20.86 | 10.37 |
| Feb 25, 2016 | 17.84 | 46.06 | — | 13.31 | 2.54 |
| Feb 27, 2015 | 30.28 | 20.56 | — | 20.72 | 23.08 |
| Feb 28, 2014 | 20.22 | 21.03 | — | 18.35 | 29.73 |
| Feb 28, 2013 | 97.65 | 14.32 | — | 15.85 | — |
| Feb 27, 2012 | 19.35 | 20.54 | — | 16.93 | 8.28 |
| Feb 28, 2011 | 20.89 | 20.51 | — | 16.65 | 31.74 |
| Feb 26, 2010 | 27.10 | 182.81 | — | 16.53 | — |
| Feb 27, 2009 | 13.65 | 21.29 | — | 10.61 | — |
| Feb 29, 2008 | 190.19 | 17.96 | — | 17.75 | 8.95 |
| Mar 1, 2007 | 17.80 | 18.49 | — | 17.51 | 0.19 |
| Mar 14, 2006 | 22.04 | 17.42 | — | 23.08 | — |
Based on: 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 Parcel Service Inc., P/E, long-term trends, comparison to sector (transportation)
| United Parcel Service Inc. | Transportation | |
|---|---|---|
| Feb 18, 2025 | 17.05 | 17.26 |
| Feb 20, 2024 | 18.89 | 24.43 |
| Feb 21, 2023 | 13.27 | 30.10 |
| Feb 22, 2022 | 14.11 | 22.48 |
| Feb 22, 2021 | 104.33 | — |
| Feb 20, 2020 | 20.59 | 62.33 |
| Feb 21, 2019 | 20.07 | 17.05 |
| Feb 21, 2018 | 18.37 | 12.83 |
| Feb 21, 2017 | 27.32 | 21.13 |
| Feb 25, 2016 | 17.84 | 12.05 |
| Feb 27, 2015 | 30.28 | 23.46 |
| Feb 28, 2014 | 20.22 | 20.08 |
| Feb 28, 2013 | 97.65 | 29.57 |
| Feb 27, 2012 | 19.35 | 17.70 |
| Feb 28, 2011 | 20.89 | 19.66 |
| Feb 26, 2010 | 27.10 | 31.59 |
| Feb 27, 2009 | 13.65 | 80.82 |
| Feb 29, 2008 | 190.19 | 31.23 |
| Mar 1, 2007 | 17.80 | 4.61 |
| Mar 14, 2006 | 22.04 | — |
Based on: 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 Parcel Service Inc., P/E, long-term trends, comparison to industry (industrials)
| United Parcel Service Inc. | Industrials | |
|---|---|---|
| Feb 18, 2025 | 17.05 | 28.42 |
| Feb 20, 2024 | 18.89 | 24.85 |
| Feb 21, 2023 | 13.27 | 36.06 |
| Feb 22, 2022 | 14.11 | 35.59 |
| Feb 22, 2021 | 104.33 | — |
| Feb 20, 2020 | 20.59 | 43.95 |
| Feb 21, 2019 | 20.07 | 33.70 |
| Feb 21, 2018 | 18.37 | 29.83 |
| Feb 21, 2017 | 27.32 | 22.92 |
| Feb 25, 2016 | 17.84 | 22.89 |
| Feb 27, 2015 | 30.28 | 18.79 |
| Feb 28, 2014 | 20.22 | 19.13 |
| Feb 28, 2013 | 97.65 | 17.77 |
| Feb 27, 2012 | 19.35 | 15.75 |
| Feb 28, 2011 | 20.89 | 18.72 |
| Feb 26, 2010 | 27.10 | 19.17 |
| Feb 27, 2009 | 13.65 | 9.73 |
| Feb 29, 2008 | 190.19 | 16.93 |
| Mar 1, 2007 | 17.80 | 11.65 |
| Mar 14, 2006 | 22.04 | 50.62 |
Based on: 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).