Price to Operating Profit (P/OP)
since 2005
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United Rentals Inc. pages available for free this week:
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Book Value (P/BV) since 2005
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Calculation
United Rentals Inc., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 25, 2023 | = | ÷ | = | ÷ | |||||||
| Jan 26, 2022 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2021 | = | ÷ | = | ÷ | |||||||
| Jan 29, 2020 | = | ÷ | = | ÷ | |||||||
| Jan 23, 2019 | = | ÷ | = | ÷ | |||||||
| Jan 24, 2018 | = | ÷ | = | ÷ | |||||||
| Jan 25, 2017 | = | ÷ | = | ÷ | |||||||
| Jan 27, 2016 | = | ÷ | = | ÷ | |||||||
| Jan 21, 2015 | = | ÷ | = | ÷ | |||||||
| Jan 22, 2014 | = | ÷ | = | ÷ | |||||||
| Jan 23, 2013 | = | ÷ | = | ÷ | |||||||
| Jan 25, 2012 | = | ÷ | = | ÷ | |||||||
| Feb 1, 2011 | = | ÷ | = | ÷ | |||||||
| Feb 3, 2010 | = | ÷ | = | ÷ | |||||||
| Feb 26, 2009 | = | ÷ | = | ÷ | |||||||
| Feb 29, 2008 | = | ÷ | = | ÷ | |||||||
| Feb 27, 2007 | = | ÷ | = | ÷ | |||||||
| Mar 31, 2006 | = | ÷ | = | ÷ |
Based on: 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 Rentals Inc. Annual Report.
- Share Price Trend
- The share price exhibits considerable volatility over the observed periods. Initially declining from $34.50 in 2006 to a low of $4.19 in early 2009, the share price then begins a strong recovery and upward trajectory. From 2009 to 2023, the share price increases markedly, reaching $392.48 by early 2023. Notable increments occur between 2012 and 2014 and especially from 2016 onward, indicating growing market confidence or improved performance expectations in the latter years.
- Operating Profit Per Share (OPPS) Trend
- Operating profit per share fluctuates in the early years, with a peak of $7.71 in 2007 followed by a significant negative dip to -$10.50 in 2009. Post-2009, the OPPS returns to positive figures and shows a consistent upward pattern. From 2010 onward, there is a steady increase, reaching $46.60 by 2023. This consistent growth after the 2009 trough suggests improving operational efficiency and profitability.
- Price-to-Operating Profit (P/OP) Ratio Analysis
- The P/OP ratio reveals variable investor valuation relative to operating profit. Between 2006 and 2008, the ratio declines from 5.35 to 2.63, indicating that the share price was relatively low compared to operating profit early on. The absence of data in 2009 coincides with negative operating profit. Subsequently, the ratio fluctuates widely, with peaks such as 10.39 in 2018 and troughs like 3.35 in 2016. Generally, during periods of strong operating profit growth (post-2010), the valuation ratio oscillates, implying that share price adjustments do not always proportionally track operating profit changes, possibly due to market sentiment or external factors.
- Overall Insights
- The data indicates that after a challenging period culminating in negative operating profit and depressed share prices around 2009, the company experienced a robust recovery phase. There is a long-term positive trend in both operating profit per share and share price, reflecting improved business performance and investor confidence. However, the varying P/OP ratio suggests that market valuation relative to operational profitability has seen fluctuations, highlighting periods where the stock price either outpaced or lagged behind earnings growth. This dynamic underscores the importance of considering both profitability metrics and market valuation in comprehensive financial analysis.
Comparison to Competitors
United Rentals Inc., P/OP, long-term trends, comparison to competitors
| United Rentals Inc. | Boeing Co. | Caterpillar Inc. | Lockheed Martin Corp. | RTX Corp. | |
|---|---|---|---|---|---|
| Jan 25, 2023 | |||||
| Jan 26, 2022 | |||||
| Jan 27, 2021 | |||||
| Jan 29, 2020 | |||||
| Jan 23, 2019 | |||||
| Jan 24, 2018 | |||||
| Jan 25, 2017 | |||||
| Jan 27, 2016 | |||||
| Jan 21, 2015 | |||||
| Jan 22, 2014 | |||||
| Jan 23, 2013 | |||||
| Jan 25, 2012 | |||||
| Feb 1, 2011 | |||||
| Feb 3, 2010 | |||||
| Feb 26, 2009 | |||||
| Feb 29, 2008 | |||||
| Feb 27, 2007 | |||||
| Mar 31, 2006 |
Based on: 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).