United Airlines Holdings (MEX:UAL) Cyclically Adjusted PS Ratio: 0.80 (As of Aug. 05, 2026) — 63% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MEX:UAL United Airlines Holdings Inc MEX:UAL
61 GF Score
Price MXN2,303.12
GF Value MXN1,559.75
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is United Airlines Holdings Cyclically Adjusted PS Ratio?

United Airlines Holdings MEX:UAL +2.82% 61 Cyclically Adjusted PS Ratio is 0.80 as of Aug. 05, 2026, which is 63% above its 10-year median of 0.49. GuruFocus rates MEX:UAL with a GF Score™ of 61/100 and a GF Value™ of MXN1,559.75 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 765 Transportation companies, United Airlines Holdings ranks better than 54.9% on this metric.

As of today (2026-08-05), United Airlines Holdings's current share price is MXN2303.12. United Airlines Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN2,881.80. United Airlines Holdings's Cyclically Adjusted PS Ratio for today is 0.80.

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

MEX:UAL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.49   Max: 0.85
Current: 0.79

During the past years, United Airlines Holdings's highest Cyclically Adjusted PS Ratio was 0.85. The lowest was 0.16. And the median was 0.49.

MEX:UAL's Cyclically Adjusted PS Ratio is ranked better than
54.9% of 765 companies
in the Transportation industry
Industry Median: 0.9 vs MEX:UAL: 0.79

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

United Airlines Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was MXN944.148. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is MXN2,881.80 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Airlines Holdings  (MEX:UAL) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


United Airlines Holdings Cyclically Adjusted PS Ratio Related Terms


United Airlines Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's Cyclically Adjusted PS 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.

United Airlines Holdings Cyclically Adjusted PS Ratio Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.28 0.30 0.66 0.72

United Airlines Holdings Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 0.52 0.62 0.72 0.58 0.83

MEX:UAL vs LUV, DAL, AAL: Cyclically Adjusted PS Ratio Comparison

For the Airlines subindustry, United Airlines Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 Airlines Holdings Cyclically Adjusted PS Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, United Airlines Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where United Airlines Holdings's Cyclically Adjusted PS Ratio falls into.


MEX:UAL
61GF Score
United Airlines Holdings Inc MEX:UAL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Airlines Holdings Cyclically Adjusted PS Ratio Calculation

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

United Airlines Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=2303.12/2881.80
=0.80

* 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 Airlines Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, United Airlines Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=944.148/333.9520*333.9520
=944.148

Current CPI (Jun. 2026) = 333.9520.

United Airlines Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 598.230 241.428 827.494
201612 591.465 241.432 818.122
201703 504.301 243.801 690.778
201706 587.925 244.955 801.530
201709 597.628 246.819 808.605
201712 636.533 246.524 862.275
201803 575.956 249.554 770.742
201806 768.370 251.989 1,018.293
201809 752.234 252.439 995.132
201812 755.098 251.233 1,003.716
201903 693.281 254.202 910.782
201906 837.232 256.143 1,091.559
201909 876.224 256.759 1,139.655
201912 809.731 256.974 1,052.290
202003 752.884 258.115 974.090
202006 121.290 257.797 157.120
202009 188.950 260.280 242.432
202012 228.447 260.474 292.890
202103 207.961 264.877 262.193
202106 336.544 271.696 413.659
202109 484.363 274.310 589.676
202112 519.156 278.802 621.851
202203 463.528 287.504 538.414
202206 737.721 296.311 831.435
202209 786.103 296.808 884.480
202212 707.286 296.797 795.829
202303 629.223 301.836 696.174
202306 733.231 305.109 802.546
202309 759.011 307.789 823.529
202312 696.241 306.746 757.992
202403 633.873 312.332 677.750
202406 822.237 314.175 873.996
202409 878.458 315.301 930.421
202412 920.620 315.605 974.138
202503 811.693 319.799 847.615
202506 876.778 322.561 907.741
202509 854.360 324.800 878.434
202512 847.755 324.054 873.649
202603 806.064 330.213 815.191
202606 944.148 333.952 944.148

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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.

What does a Cyclically Adjusted PS Ratio of 0.80 mean?
United Airlines Holdings (MEX:UAL) has a Cyclically Adjusted PS Ratio of 0.80 as of Aug. 05, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on United Airlines Holdings and its competitors. This is 63% above median its historical median of 0.49. Over the past decade, United Airlines Holdings' Cyclically Adjusted PS Ratio has ranged from 0.16 to 0.85. According to the industry distribution chart, United Airlines Holdings ranks #345 out of 765 companies in the Transportation industry, placing it in the top 45.1%.
Is United Airlines Holdings' Cyclically Adjusted PS Ratio too high?
United Airlines Holdings' current Cyclically Adjusted PS Ratio of 0.80 is 63% above median its 10-year median of 0.49. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 0.85. The Transportation industry median Cyclically Adjusted PS Ratio is 0.90. United Airlines Holdings' value of 0.80 is 11.1% below this industry median. Based on the distribution chart, United Airlines Holdings ranks #345 out of 765 companies in the Transportation industry, which is above the industry midpoint. Overall, United Airlines Holdings has a GF Score™ of 61/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Cyclically Adjusted PS Ratio compare to LUV and DAL?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #345 out of 765 companies for Cyclically Adjusted PS Ratio. This puts United Airlines Holdings in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.90. United Airlines Holdings' value of 0.80 is 11.1% below this benchmark. Historically, United Airlines Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.16 to 0.85 over the past decade. While the company's 10-year median is 0.49 vs. the industry median of 0.90, United Airlines Holdings has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Transportation company?
The median Cyclically Adjusted PS Ratio among Transportation companies is 0.90, based on 765 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current Cyclically Adjusted PS Ratio of 0.80 is 11.1% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median Cyclically Adjusted PS Ratio is 0.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current Cyclically Adjusted PS Ratio is 0.80, which is 63% above median its own 10-year median of 0.49. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Airlines Holdings stock overvalued right now?
Based on GuruFocus' analysis, United Airlines Holdings (MEX:UAL) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN1,559.75, compared to a current price of MXN2,303.12 — trading 47.7% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.80, which is 63% above median its 10-year median of 0.49 and 11.1% below the Transportation industry median of 0.90. United Airlines Holdings' overall GF Score™ is 61/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For United Airlines Holdings (MEX:UAL), the current Cyclically Adjusted PS Ratio is 0.80 as of Aug. 05, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is United Airlines Holdings (MEX:UAL) Overvalued in 2026?

Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued. The current stock price of MXN2,303.12 is trading 47.7% above its estimated GF Value™ of MXN1,559.75. GuruFocus considers United Airlines Holdings to be Significantly Overvalued.

Key valuation signals for MEX:UAL:

  • Cyclically Adjusted PS Ratio: 0.80 (63% above median its 10-year median of 0.49)
  • GF Value™: MXN1,559.75 vs. price of MXN2,303.12 (47.7% above fair value)
  • GF Score™: 61/100 with 7 warning signs
  • Industry Position: 11.1% below the Transportation median (#345 of 765)

No single metric tells the full story. See the MEX:UAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


United Airlines Holdings Business Description

Address 233 South Wacker Drive, Chicago, IL, USA, 60606
Chicago-based United Airlines is a major US network carrier with hubs in San Francisco, Chicago, Houston, Denver, Los Angeles, Newark, and Washington, D.C. United operates a hub-and-spoke system that is more focused on international and long-haul travel, especially across the Pacific, than its large US peers.
61GF Score

Get the complete analysis for MEX:UAL

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,303.12
Price
MXN1,559.75
GF Value