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United Airlines HoldingsXSWX:UAL -2.52%79 Earnings Yield (Joel Greenblatt) % is 12.48% as of Mar. 2026, which is 14% above its 10-year median of 10.92. GuruFocus rates XSWX:UAL with a GF Score™ of 79/100 and a GF Value™ of CHF64.25. The stock has 4 warning signs investors should review. Among 1,022 Transportation companies, United Airlines Holdings ranks better than 69.96% on this metric.
United Airlines Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was CHF35,978 Mil.
United Airlines Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was CHF4,659 Mil. United Airlines Holdings's Earnings Yield (Joel Greenblatt) for the quarter that ended in Mar. 2026 was 12.48%.
The historical rank and industry rank for United Airlines Holdings's Earnings Yield (Joel Greenblatt) % or its related term are showing as below:
XSWX:UAL'
s Earnings Yield (Joel Greenblatt) % Range Over the Past 10 Years
Min: -23.76 Med: 10.92 Max: 21
Current: 10.44
During the past 13 years, the highest Earnings Yield (Joel Greenblatt) of United Airlines Holdings was 21.00%. The lowest was -23.76%. And the median was 10.92%.
XSWX:UAL's Earnings Yield (Joel Greenblatt) % is ranked better than 69.96% of 1022
companies
in the Transportation industry
Industry Median: 6.855
vs XSWX:UAL: 10.44
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
A better indicator of the attractiveness of an investment which takes growth into account is the Forward Rate of Return (Yacktman) %. United Airlines Holdings's Forward Rate of Return (Yacktman) % for the quarter that ended in Mar. 2026 was 0.00%. The Forward Rate of Return uses the normalized Free Cash Flow of the past five years, and considers growth. The forward rate of return can be thought of as the return that investors buying the stock today can expect from it in the future.
United Airlines Holdings (XSWX:UAL) Earnings Yield (Joel Greenblatt) % Explanation
Joel Greenblatt defines the earnings yield using the above equation because it more accurately reflects the company's profitability relative to its stock price. Items like interest payment and tax etc. are not directly related to the company's operational profitability.
Enterprise Value instead of market cap (share price) is used in the calculation because it is the real price stock and bond investors together pay for the company.
Be Aware
Joel Greenblatt's definition of earnings yield has the same problems the regular earnings yield does. It does not consider the growth of the company. It only looks at one-year's business operation. For cyclical companies, the earnings yield is usually highest at the peak of the business cycle. But these earnings are rarely sustainable.
United Airlines Holdings Earnings Yield (Joel Greenblatt) % Related Terms
United Airlines Holdings Earnings Yield (Joel Greenblatt) % Historical Data
* Premium members only.
The historical data trend for United Airlines Holdings's Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % Chart
For the Airlines subindustry, United Airlines Holdings's Earnings Yield (Joel Greenblatt) %, along with its competitors' market caps and Earnings Yield (Joel Greenblatt) % 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 Earnings Yield (Joel Greenblatt) % vs Transportation Industry
For the Transportation industry and Industrials sector, United Airlines Holdings's Earnings Yield (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where United Airlines Holdings's Earnings Yield (Joel Greenblatt) % falls into.
United Airlines Holdings Earnings Yield (Joel Greenblatt) % Calculation
In his book, The Little That Beat the Market, hedge fund manager Joel Greenblatt defines Earnings Yield as operating income divided by enterprise value.
United Airlines Holdingss Earnings Yield (Joel Greenblatt) for the fiscal year that ended in Dec. 2025 is calculated as
United Airlines Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was CHF4,659 Mil.
What does a Earnings Yield (Joel Greenblatt) % of 12.48% mean?
United Airlines Holdings (XSWX:UAL) has a Earnings Yield (Joel Greenblatt) % of 12.48% as of Mar. 2026. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on United Airlines Holdings and its competitors. This is 14% above median its historical median of 10.92. According to the industry distribution chart, United Airlines Holdings ranks #307 out of 1022 companies in the Transportation industry, placing it in the top 30%.
Is United Airlines Holdings' Earnings Yield (Joel Greenblatt) % too high?
United Airlines Holdings' current Earnings Yield (Joel Greenblatt) % of 12.48% is 14% above median its 10-year median of 10.92. The Transportation industry median Earnings Yield (Joel Greenblatt) % is 6.86. United Airlines Holdings' value of 12.48% is 82.1% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #307 out of 1022 companies in the Transportation industry, which is above the industry midpoint. Overall, United Airlines Holdings has a GF Score™ of 79/100, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Earnings Yield (Joel Greenblatt) % compare to DAL and LUV?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #307 out of 1022 companies for Earnings Yield (Joel Greenblatt) %. This puts United Airlines Holdings in the upper half of its industry. The industry median Earnings Yield (Joel Greenblatt) % is 6.86. United Airlines Holdings' value of 12.48% is 82.1% above this benchmark. While the company's 10-year median is 10.92 vs. the industry median of 6.86, 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 Earnings Yield (Joel Greenblatt) % for a Transportation company?
The median Earnings Yield (Joel Greenblatt) % among Transportation companies is 6.86, based on 1,022 companies in the industry. Companies in the top quartile (top 25%) have a Earnings Yield (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, Earnings Yield (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current Earnings Yield (Joel Greenblatt) % of 12.48% is 82.1% 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 Earnings Yield (Joel Greenblatt) % mean?
A high Earnings Yield (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's earnings yield equals the ratio of earnings before interest and taxes to enterprise value. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median Earnings Yield (Joel Greenblatt) % is 6.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current Earnings Yield (Joel Greenblatt) % is 12.48%, which is 14% above median its own 10-year median of 10.92. 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 Earnings Yield (Joel Greenblatt) % of 12.48%. The stock's GF Value™ is CHF64.25, compared to a current price of CHF97.85 — trading 52.3% above its estimated fair value. The current Earnings Yield (Joel Greenblatt) % is 12.48%, which is 14% above median its 10-year median of 10.92 and 82.1% above the Transportation industry median of 6.86. United Airlines Holdings' overall GF Score™ is 79/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Earnings Yield (Joel Greenblatt) % calculated?
Earnings Yield (Joel Greenblatt) % is calculated from a company's financial statements. For United Airlines Holdings (XSWX:UAL), the current Earnings Yield (Joel Greenblatt) % is 12.48% 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 CHF97.85 is trading 52.3% above its estimated GF Value™ of CHF64.25.
Key valuation signals for XSWX:UAL:
Earnings Yield (Joel Greenblatt) %: 12.48% (14% above median its 10-year median of 10.92)
GF Value™: CHF64.25 vs. price of CHF97.85 (52.3% above fair value)
Industry Position: 82.1% above the Transportation median (#307 of 1022)
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.
79GF Score
Get the complete analysis for XSWX:UAL
Earnings Yield (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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