UAL (United Airlines Holdings) EV-to-EBIT: 9.63 (As of Jul. 15, 2026) — 24% Above Median

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UAL United Airlines Holdings Inc UAL
79 GF Score
Price $121.28
GF Value $79.02
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is United Airlines Holdings EV-to-EBIT?

United Airlines Holdings UAL +0.77% 79 EV-to-EBIT is 9.63 as of Jul. 15, 2026, which is 24% above its 10-year median of 7.74. GuruFocus rates UAL with a GF Score™ of 79/100 and a GF Value™ of $79.02 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 870 Transportation companies, United Airlines Holdings ranks better than 63.79% on this metric.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, United Airlines Holdings's Enterprise Value is $56,168 Mil. United Airlines Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $5,830 Mil. Therefore, United Airlines Holdings's EV-to-EBIT for today is 9.63.

The historical rank and industry rank for United Airlines Holdings's EV-to-EBIT or its related term are showing as below:

UAL' s EV-to-EBIT Range Over the Past 10 Years
Min: -40.02   Med: 7.74   Max: 306.23
Current: 9.63

During the past 13 years, the highest EV-to-EBIT of United Airlines Holdings was 306.23. The lowest was -40.02. And the median was 7.74.

UAL's EV-to-EBIT is ranked better than
63.79% of 870 companies
in the Transportation industry
Industry Median: 12.345 vs UAL: 9.63

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. United Airlines Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was $46,690 Mil. United Airlines Holdings's EBIT for the trailing twelve months (TTM) ended in Mar. 2026 was $5,830 Mil. United Airlines Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 12.49%.


United Airlines Holdings  (NAS:UAL) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

United Airlines Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Mar. 2026 ) =EBIT / Enterprise Value (Q: Mar. 2026 )
=5830/46690.29028
=12.49 %

United Airlines Holdings's Enterprise Value for the quarter that ended in Mar. 2026 was $46,690 Mil.
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 $5,830 Mil.

* 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 EV-to-EBIT Related Terms


United Airlines Holdings EV-to-EBIT Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's EV-to-EBIT 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 EV-to-EBIT Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EV-to-EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only -35.85 12.15 6.95 9.16 10.04

United Airlines Holdings Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EV-to-EBIT 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 6.56 7.70 8.95 10.04 8.01

UAL vs DAL, LUV, AAL: EV-to-EBIT Comparison

For the Airlines subindustry, United Airlines Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT vs Transportation Industry

For the Transportation industry and Industrials sector, United Airlines Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where United Airlines Holdings's EV-to-EBIT falls into.


UAL
79GF Score
United Airlines Holdings Inc UAL
EV-to-EBIT is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Airlines Holdings EV-to-EBIT Calculation

United Airlines Holdings's EV-to-EBIT for today is calculated as:

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=56167.816/5830
=9.63

United Airlines Holdings's current Enterprise Value is $56,168 Mil.
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 $5,830 Mil.

* 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.

Frequently Asked Questions Learn more about EV-to-EBIT →
What does a EV-to-EBIT of 9.63 mean?
United Airlines Holdings (UAL) has a EV-to-EBIT of 9.63 as of Jul. 15, 2026. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on United Airlines Holdings and its competitors. This is 24% above median its historical median of 7.74. According to the industry distribution chart, United Airlines Holdings ranks #315 out of 870 companies in the Transportation industry, placing it in the top 36.2%.
Is United Airlines Holdings' EV-to-EBIT too high?
United Airlines Holdings' current EV-to-EBIT of 9.63 is 24% above median its 10-year median of 7.74. The Transportation industry median EV-to-EBIT is 12.35. United Airlines Holdings' value of 9.63 is 22% below this industry median. Based on the distribution chart, United Airlines Holdings ranks #315 out of 870 companies in the Transportation industry, which is above the industry midpoint. Overall, United Airlines Holdings has a GF Score™ of 79/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' EV-to-EBIT compare to DAL and LUV?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #315 out of 870 companies for EV-to-EBIT. This puts United Airlines Holdings in the upper half of its industry. The industry median EV-to-EBIT is 12.35. United Airlines Holdings' value of 9.63 is 22% below this benchmark. While the company's 10-year median is 7.74 vs. the industry median of 12.35, 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 EV-to-EBIT for a Transportation company?
The median EV-to-EBIT among Transportation companies is 12.35, based on 870 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-EBIT significantly above this median, while those in the bottom quartile fall well below. However, EV-to-EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current EV-to-EBIT of 9.63 is 22% 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 EV-to-EBIT mean?
A high EV-to-EBIT can signal that a stock is expensive relative to its fundamentals. EV to EBIT ratio is the inverse of Joel Greenblatt's earnings yield definition. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median EV-to-EBIT is 12.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current EV-to-EBIT is 9.63, which is 24% above median its own 10-year median of 7.74. 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 (UAL) is currently considered Significantly Overvalued. The stock's GF Value™ is $79.02, compared to a current price of $121.28 — trading 53.5% above its estimated fair value. The current EV-to-EBIT is 9.63, which is 24% above median its 10-year median of 7.74 and 22% below the Transportation industry median of 12.35. 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 EV-to-EBIT calculated?
EV-to-EBIT is calculated from a company's financial statements. For United Airlines Holdings (UAL), the current EV-to-EBIT is 9.63 as of Jul. 15, 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 (UAL) Overvalued in 2026?

Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued. The current stock price of $121.28 is trading 53.5% above its estimated GF Value™ of $79.02. GuruFocus considers United Airlines Holdings to be Significantly Overvalued.

Key valuation signals for UAL:

  • EV-to-EBIT: 9.63 (24% above median its 10-year median of 7.74)
  • GF Value™: $79.02 vs. price of $121.28 (53.5% above fair value)
  • GF Score™: 79/100 with 4 warning signs
  • Industry Position: 22% below the Transportation median (#315 of 870)

No single metric tells the full story. See the 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.
79GF Score

Get the complete analysis for UAL

EV-to-EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$121.28
Price
$79.02
GF Value