United Airlines HoldingsMEX:UAL 72 ROA % is 3.56% as of Mar. 2026, which is 19% below its 10-year median of 4.40. GuruFocus rates MEX:UAL with a GF Score™ of 72/100 and a GF Value™ of MXN1,328.28 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 1,015 Transportation companies, United Airlines Holdings ranks better than 61.77% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. United Airlines Holdings's annualizedNet Income for the quarter that ended in Mar. 2026 was MXN50,419 Mil.
United Airlines Holdings's average Total Assets over the quarter that ended in Mar. 2026 was MXN1,418,042 Mil. Therefore, United Airlines Holdings's annualized ROA % for the quarter that ended in Mar. 2026 was 3.56%.
The historical rank and industry rank for United Airlines Holdings's ROA % or its related term are showing as below:
MEX:UAL'
s ROA % Range Over the Past 10 Years
Min: -12.61 Med: 4.4 Max: 5.92
Current: 4.74
During the past 13 years, United Airlines Holdings's highest ROA % was 5.92%. The lowest was -12.61%. And the median was 4.40%.
MEX:UAL's ROA % is ranked better than 61.77% of 1015
companies
in the Transportation industry
Industry Median: 3.46
vs MEX:UAL: 4.74
United Airlines Holdings (MEX:UAL) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
* 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.
For the Airlines subindustry, United Airlines Holdings's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Transportation Industry
For the Transportation industry and Industrials sector, United Airlines Holdings's ROA % distribution charts can be found below:
* The bar in red indicates where United Airlines Holdings's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
United Airlines Holdings (MEX:UAL) has a ROA % of 3.56% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on United Airlines Holdings and its competitors. This is 19% below median its historical median of 4.40. According to the industry distribution chart, United Airlines Holdings ranks #388 out of 1015 companies in the Transportation industry, placing it in the top 38.2%.
Is United Airlines Holdings' ROA % too high?
United Airlines Holdings' current ROA % of 3.56% is 19% below median its 10-year median of 4.40. The Transportation industry median ROA % is 3.46. United Airlines Holdings' value of 3.56% is 2.9% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #388 out of 1015 companies in the Transportation industry, which is above the industry midpoint. Overall, United Airlines Holdings has a GF Score™ of 72/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' ROA % compare to LUV and DAL?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #388 out of 1015 companies for ROA %. This puts United Airlines Holdings in the upper half of its industry. The industry median ROA % is 3.46. United Airlines Holdings' value of 3.56% is 2.9% above this benchmark. While the company's 10-year median is 4.40 vs. the industry median of 3.46, 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 ROA % for a Transportation company?
The median ROA % among Transportation companies is 3.46, based on 1,015 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current ROA % of 3.56% is 2.9% 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 ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median ROA % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current ROA % is 3.56%, which is 19% below median its own 10-year median of 4.40. 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 MXN1,328.28, compared to a current price of MXN2,061.98 — trading 55.2% above its estimated fair value. The current ROA % is 3.56%, which is 19% below median its 10-year median of 4.40 and 2.9% above the Transportation industry median of 3.46. United Airlines Holdings' overall GF Score™ is 72/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For United Airlines Holdings (MEX:UAL), the current ROA % is 3.56% 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 (MEX:UAL) Overvalued in 2026?
Based on GuruFocus' analysis, United Airlines Holdings stock appears to be overvalued.
The current stock price of MXN2,061.98 is trading 55.2% above its estimated GF Value™ of MXN1,328.28.
GuruFocus considers United Airlines Holdings to be Significantly Overvalued.
Key valuation signals for MEX:UAL:
ROA %: 3.56% (19% below median its 10-year median of 4.40)
GF Value™: MXN1,328.28 vs. price of MXN2,061.98 (55.2% above fair value)
Industry Position: 2.9% above the Transportation median (#388 of 1015)
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.
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.
72GF Score
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