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URI (United Rentals) Cyclically Adjusted PB Ratio : 11.18 (As of Jul. 23, 2025)


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What is United Rentals Cyclically Adjusted PB Ratio?

As of today (2025-07-23), United Rentals's current share price is $803.25. United Rentals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $71.85. United Rentals's Cyclically Adjusted PB Ratio for today is 11.18.

The historical rank and industry rank for United Rentals's Cyclically Adjusted PB Ratio or its related term are showing as below:

URI' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 3.42   Med: 8.75   Max: 14.84
Current: 11.01

During the past years, United Rentals's highest Cyclically Adjusted PB Ratio was 14.84. The lowest was 3.42. And the median was 8.75.

URI's Cyclically Adjusted PB Ratio is ranked worse than
94.74% of 703 companies
in the Business Services industry
Industry Median: 1.58 vs URI: 11.01

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

United Rentals's adjusted book value per share data for the three months ended in Mar. 2025 was $135.220. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $71.85 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Rentals Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Rentals's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

United Rentals Cyclically Adjusted PB Ratio Chart

United Rentals Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.75 9.26 7.77 10.21 10.35

United Rentals Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.10 10.36 12.39 10.35 8.72

Competitive Comparison of United Rentals's Cyclically Adjusted PB Ratio

For the Rental & Leasing Services subindustry, United Rentals's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


United Rentals's Cyclically Adjusted PB Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Rentals's Cyclically Adjusted PB Ratio falls into.


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United Rentals Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

United Rentals's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=803.25/71.85
=11.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

United Rentals's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, United Rentals's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=135.22/134.9266*134.9266
=135.220

Current CPI (Mar. 2025) = 134.9266.

United Rentals Quarterly Data

Book Value per Share CPI Adj_Book
201506 15.225 100.684 20.403
201509 16.127 100.392 21.675
201512 16.083 99.792 21.745
201603 16.794 100.470 22.553
201606 17.319 101.688 22.980
201609 18.173 101.861 24.072
201612 19.567 101.863 25.918
201703 20.744 102.862 27.210
201706 23.043 103.349 30.084
201709 26.143 104.136 33.873
201712 36.773 104.011 47.703
201803 36.439 105.290 46.696
201806 38.169 106.317 48.440
201809 40.889 106.507 51.800
201812 42.605 105.998 54.233
201903 42.823 107.251 53.874
201906 44.917 108.070 56.080
201909 48.184 108.329 60.014
201912 51.505 108.420 64.097
202003 50.452 108.902 62.509
202006 54.204 108.767 67.240
202009 57.686 109.815 70.877
202012 62.953 109.897 77.291
202103 65.561 111.754 79.155
202106 70.372 114.631 82.831
202109 75.739 115.734 88.299
202112 82.725 117.630 94.889
202203 84.655 121.301 94.164
202206 86.232 125.017 93.067
202209 91.663 125.227 98.763
202212 101.821 125.222 109.712
202303 103.431 127.348 109.586
202306 108.581 128.729 113.809
202309 114.507 129.860 118.975
202312 120.856 129.419 125.999
202403 121.562 131.776 124.468
202406 125.025 132.554 127.263
202409 130.603 133.029 132.466
202412 132.025 133.157 133.779
202503 135.220 134.927 135.220

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


United Rentals  (NYSE:URI) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


United Rentals Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of United Rentals's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


United Rentals Business Description

Address
100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods. 2024 revenue totaled $15.3 billion.
Executives
Joli L. Gross officer: SVP, General Counsel TWO AMERICAN LANE, GREENWICH CT 06831
Andrew B. Limoges officer: VP, Controller C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Michael D Durand officer: EVP, Chief Operating Officer C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Craig Adam Pintoff officer: Sr. V.P,, Gen. Counsel & H.R. C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STE 700, STAMFORD CT 06902
William E. Grace officer: VP, Interim CFO C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Anthony S. Leopold officer: SVP C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Matthew John Flannery officer: Sr. Vice President- Operations C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Terri L. Kelly director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Dale A Asplund officer: Senior V.P.-Business Services C/O BRIGHTVIEW HOLDINGS, INC., 980 JOLLY ROAD, SUITE 300, BLUE BELL PA 19422
Jose B Alvarez director STOP & SHOP, 1385 HANCOCK STREET, QUINCY MA 02169
Francisco J Lopez-balboa director 3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Jessica Graziano officer: Vice President, Controller C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Shiv Singh director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
De Shon Larry D director 6 SYLVAN WAY, PARSIPPANY NJ 07054
Filippo Passerini director C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902