A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for United Airlines Holdings's Debt-to-Equity or its related term are showing as below:
XSWX:UAL'
s Debt-to-Equity Range Over the Past 10 Years
Min: 1.35 Med: 2.55 Max: 10.66
Current: 1.95
During the past 13 years, the highest Debt-to-Equity Ratio of United Airlines Holdings was 10.66. The lowest was 1.35. And the median was 2.55.
XSWX:UAL's Debt-to-Equity is ranked worse than 88.31% of 907
companies
in the Transportation industry
Industry Median: 0.53
vs XSWX:UAL: 1.95
United Airlines Holdings (XSWX:UAL) Debt-to-Equity Explanation
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
United Airlines Holdings Debt-to-Equity Related Terms
United Airlines Holdings Debt-to-Equity Historical Data
* 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.
XSWX:UAL vs DAL, LUV, AAL: Debt-to-Equity Comparison
For the Airlines subindustry, United Airlines Holdings's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity 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 Debt-to-Equity vs Transportation Industry
For the Transportation industry and Industrials sector, United Airlines Holdings's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where United Airlines Holdings's Debt-to-Equity falls into.
* 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 (XSWX:UAL) has a Debt-to-Equity of 1.95 as of Mar. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on United Airlines Holdings and its competitors. This is 24% below median its historical median of 2.55. Over the past decade, United Airlines Holdings' Debt-to-Equity has ranged from 1.35 to 10.66. According to the industry distribution chart, United Airlines Holdings ranks #801 out of 907 companies in the Transportation industry, placing it in the top 88.3%.
Is United Airlines Holdings' Debt-to-Equity too high?
United Airlines Holdings' current Debt-to-Equity of 1.95 is 24% below median its 10-year median of 2.55. Over the past 10 years, this metric has ranged from a low of 1.35 to a high of 10.66. The Transportation industry median Debt-to-Equity is 0.53. United Airlines Holdings' value of 1.95 is 267.9% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #801 out of 907 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, United Airlines Holdings has a GF Score™ of 78/100, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Debt-to-Equity compare to DAL and LUV?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #801 out of 907 companies for Debt-to-Equity. This places United Airlines Holdings in the lower half of its industry. The industry median Debt-to-Equity is 0.53. United Airlines Holdings' value of 1.95 is 267.9% above this benchmark. Historically, United Airlines Holdings' own Debt-to-Equity has ranged from 1.35 to 10.66 over the past decade. While the company's 10-year median is 2.55 vs. the industry median of 0.53, United Airlines Holdings has consistently been above 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 Debt-to-Equity for a Transportation company?
The median Debt-to-Equity among Transportation companies is 0.53, based on 907 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current Debt-to-Equity of 1.95 is 267.9% above 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 Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median Debt-to-Equity is 0.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current Debt-to-Equity is 1.95, which is 24% below median its own 10-year median of 2.55. 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?
United Airlines Holdings (XSWX:UAL) has a current Debt-to-Equity of 1.95. The stock's GF Value™ is CHF64.35, compared to a current price of CHF102.76 — trading 59.7% above its estimated fair value. The current Debt-to-Equity is 1.95, which is 24% below median its 10-year median of 2.55 and 267.9% above the Transportation industry median of 0.53. United Airlines Holdings' overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For United Airlines Holdings (XSWX:UAL), the current Debt-to-Equity is 1.95 as of Mar. 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 (XSWX:UAL) Overvalued in 2026?
Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued.
The current stock price of CHF102.76 is trading 59.7% above its estimated GF Value™ of CHF64.35.
Key valuation signals for XSWX:UAL:
Debt-to-Equity: 1.95 (24% below median its 10-year median of 2.55)
GF Value™: CHF64.35 vs. price of CHF102.76 (59.7% above fair value)
Industry Position: 267.9% above the Transportation median (#801 of 907)
No single metric tells the full story. See the XSWX:UAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
78GF Score
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