Price to Sales (P/S)
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/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (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 experienced significant volatility over the analyzed period. Starting at $34.50 in early 2006, the price declined sharply and reached a low of $4.19 by early 2009. Following this trough, there was a substantial recovery and steady growth that accelerated from 2012 onwards. By early 2023, the share price had reached $392.48, indicating a strong upward trend over the long term despite earlier fluctuations.
- Sales per Share Trend
- Sales per share showed a general upward trajectory over the years. Beginning at $45.96 in early 2006, there was a dip and some fluctuations in the initial years, notably decreasing to $36.90 in early 2011 after peaking near $54.45 in 2009. From 2012 onward, sales per share increased consistently, reaching $167.85 by early 2023. This steady growth after 2011 suggests improving operational performance and revenue generation on a per-share basis.
- Price-to-Sales (P/S) Ratio Trend
- The P/S ratio exhibited wide variation, reflecting changing market sentiment and valuation multiples. From 0.75 in 2006, the ratio dropped to a low of 0.08 in 2009, coinciding with the lowest share price during the economic downturn. Thereafter, the ratio climbed, peaking at 2.36 in early 2018 before slightly decreasing and then stabilizing between 2.00 and 2.34 from 2021 to 2023. This suggests an increasingly favorable market valuation relative to sales over the last decade, indicating higher investor confidence and perceived growth prospects.
- Overall Insights
- The data indicates the company experienced a challenging period around 2008-2009 but demonstrated resilience with a sustained recovery in subsequent years. Both the share price and sales per share showed marked improvement post-2011. The rising P/S ratio in recent years implies that the market values the company at a premium relative to its sales, likely due to growth expectations and improved financial performance. The consistent increase in sales per share coupled with a strong share price appreciation suggests a positive outlook and enhanced shareholder value over the long term.
Comparison to Competitors
United Rentals Inc., P/S, long-term trends, comparison to competitors
| United Rentals Inc. | Boeing Co. | Caterpillar Inc. | Eaton Corp. plc | GE Aerospace | Honeywell International 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).
Comparison to Sector (Capital Goods)
United Rentals Inc., P/S, long-term trends, comparison to sector (capital goods)
| United Rentals Inc. | Capital Goods | |
|---|---|---|
| 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).
Comparison to Industry (Industrials)
United Rentals Inc., P/S, long-term trends, comparison to industry (industrials)
| United Rentals Inc. | Industrials | |
|---|---|---|
| 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).