United Airlines Holdings (XSWX:UAL) Equity-to-Asset: 0.20 (As of Jun. 2026) — 18% Above Median

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XSWX:UAL United Airlines Holdings Inc XSWX:UAL
82 GF Score
Price CHF94.12
GF Value CHF71.06
! 4 Warning Signs
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What is United Airlines Holdings Equity-to-Asset?

United Airlines Holdings XSWX:UAL -2.62% 82 Equity-to-Asset is 0.20 as of Jun. 2026, which is 18% above its 10-year median of 0.17. GuruFocus rates XSWX:UAL with a GF Score™ of 82/100 and a GF Value™ of CHF71.06. The stock has 4 warning signs investors should review. Among 1,010 Transportation companies, United Airlines Holdings ranks worse than 86.63% on this metric.

Equity to Asset ratio is calculated as total stockholders equity divided by total asset. United Airlines Holdings's Total Stockholders Equity for the quarter that ended in Jun. 2026 was CHF13,346 Mil. United Airlines Holdings's Total Assets for the quarter that ended in Jun. 2026 was CHF67,596 Mil. Therefore, United Airlines Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2026 was 0.20.

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

XSWX:UAL' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.05   Med: 0.17   Max: 0.22
Current: 0.2

During the past 13 years, the highest Equity to Asset Ratio of United Airlines Holdings was 0.22. The lowest was 0.05. And the median was 0.17.

XSWX:UAL's Equity-to-Asset is ranked worse than
86.63% of 1010 companies
in the Transportation industry
Industry Median: 0.5 vs XSWX:UAL: 0.20

United Airlines Holdings  (XSWX:UAL) Equity-to-Asset Explanation

Equity to Asset ratio can vary greatly across different industries, as they have different capital structure. A company with smaller Equity to Asset ratio (more leveraged) may have higher ROE % because of the leverage.

For banks, the required minimum Equity to Asset ratio by regulation is 5%. Some stronger banks may have Equity to Asset Ratio of more than 10%.


United Airlines Holdings Equity-to-Asset Related Terms


United Airlines Holdings Equity-to-Asset Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's Equity-to-Asset 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 Equity-to-Asset Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Equity-to-Asset
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.07 0.10 0.13 0.17 0.20

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
Equity-to-Asset 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 0.17 0.19 0.20 0.20 0.20

XSWX:UAL vs DAL, LUV, AAL: Equity-to-Asset Comparison

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

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

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


XSWX:UAL
82GF Score
United Airlines Holdings Inc XSWX:UAL
Equity-to-Asset is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Airlines Holdings Equity-to-Asset Calculation

Equity to Asset ratio measures the ratios of the portion of the asset owned by shareholders out of the total asset. It indicates the leverage of the company, and the amount of debt the company uses in its operation.

Equity to Asset ratio is calculated by dividing total stockholders equity by total asset.

United Airlines Holdings's Equity to Asset Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Equity to Asset (A: Dec. 2025 )=Total Stockholders Equity/Total Assets
=12178.226/60921.411
=0.20

United Airlines Holdings's Equity to Asset Ratio for the quarter that ended in Jun. 2026 is calculated as

Equity to Asset (Q: Jun. 2026 )=Total Stockholders Equity/Total Assets
=13345.912/67596.002
=0.20

* 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 Equity-to-Asset →
What does a Equity-to-Asset of 0.20 mean?
United Airlines Holdings (XSWX:UAL) has a Equity-to-Asset of 0.20 as of Jun. 2026. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on United Airlines Holdings and its competitors. This is 18% above median its historical median of 0.17. Over the past decade, United Airlines Holdings' Equity-to-Asset has ranged from 0.05 to 0.22. According to the industry distribution chart, United Airlines Holdings ranks #875 out of 1010 companies in the Transportation industry, placing it in the top 86.6%.
Is United Airlines Holdings' Equity-to-Asset too high?
United Airlines Holdings' current Equity-to-Asset of 0.20 is 18% above median its 10-year median of 0.17. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.22. The Transportation industry median Equity-to-Asset is 0.50. United Airlines Holdings' value of 0.20 is 60% below this industry median. Based on the distribution chart, United Airlines Holdings ranks #875 out of 1010 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, United Airlines Holdings has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Equity-to-Asset compare to DAL and LUV?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #875 out of 1010 companies for Equity-to-Asset. This places United Airlines Holdings in the lower half of its industry. The industry median Equity-to-Asset is 0.50. United Airlines Holdings' value of 0.20 is 60% below this benchmark. Historically, United Airlines Holdings' own Equity-to-Asset has ranged from 0.05 to 0.22 over the past decade. While the company's 10-year median is 0.17 vs. the industry median of 0.50, 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 Equity-to-Asset for a Transportation company?
The median Equity-to-Asset among Transportation companies is 0.50, based on 1,010 companies in the industry. Companies in the top quartile (top 25%) have a Equity-to-Asset significantly above this median, while those in the bottom quartile fall well below. However, Equity-to-Asset should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current Equity-to-Asset of 0.20 is 60% 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 Equity-to-Asset mean?
A high Equity-to-Asset can signal that a stock is expensive relative to its fundamentals. Equity-to-asset ratio equals total company equity divided by total assets. It measures financial leverage. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median Equity-to-Asset is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current Equity-to-Asset is 0.20, which is 18% above median its own 10-year median of 0.17. 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 Equity-to-Asset of 0.20. The stock's GF Value™ is CHF71.06, compared to a current price of CHF94.12 — trading 32.5% above its estimated fair value. The current Equity-to-Asset is 0.20, which is 18% above median its 10-year median of 0.17 and 60% below the Transportation industry median of 0.50. United Airlines Holdings' overall GF Score™ is 82/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Equity-to-Asset calculated?
Equity-to-Asset is calculated from a company's financial statements. For United Airlines Holdings (XSWX:UAL), the current Equity-to-Asset is 0.20 as of Jun. 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 CHF94.12 is trading 32.5% above its estimated GF Value™ of CHF71.06.

Key valuation signals for XSWX:UAL:

  • Equity-to-Asset: 0.20 (18% above median its 10-year median of 0.17)
  • GF Value™: CHF71.06 vs. price of CHF94.12 (32.5% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 60% below the Transportation median (#875 of 1010)

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.


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.
82GF Score

Get the complete analysis for XSWX:UAL

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

CHF94.12
Price
CHF71.06
GF Value