United Airlines Holdings (MEX:UAL) ROCE %: 8.84% (As of Mar. 2026)


MEX:UAL United Airlines Holdings Inc MEX:UAL
72 GF Score
Price MXN2,061.98
GF Value MXN1,328.28
Valuation Significantly Overvalued
! 8 Warning Signs
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What is United Airlines Holdings ROCE %?

United Airlines Holdings MEX:UAL 72 ROCE % is 8.84% as of Mar. 2026. 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.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. United Airlines Holdings's annualized ROCE % for the quarter that ended in Mar. 2026 was 8.84%.

United Airlines Holdings  (MEX:UAL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

United Airlines Holdings ROCE % Related Terms

United Airlines Holdings ROCE % Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's ROCE % 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 ROCE % Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -2.06 5.33 9.99 12.30 10.03

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
ROCE % 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 6.16 12.12 12.43 12.71 8.84
MEX:UAL
72GF Score
United Airlines Holdings Inc MEX:UAL
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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United Airlines Holdings ROCE % Calculation

United Airlines Holdings's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=98545.196/( ( (1545052.822 - 486229.789) + (1376499.754 - 470542.958) )/ 2 )
=98545.196/( (1058823.033+905956.796)/ 2 )
=98545.196/982389.9145
=10.03 %

United Airlines Holdings's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=82445.504/( ( (1376499.754 - 470542.958) + (1459584.772 - 500966.439) )/ 2 )
=82445.504/( ( 905956.796 + 958618.333 )/ 2 )
=82445.504/932287.5645
=8.84 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 8.84% mean?
United Airlines Holdings (MEX:UAL) has a ROCE % of 8.84% as of Mar. 2026.
Is United Airlines Holdings' ROCE % too high?
United Airlines Holdings' current ROCE % is 8.84%. The Transportation industry median ROCE % is 7.74. United Airlines Holdings' value of 8.84% is 14.2% above this industry median. 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' ROCE % compare to LUV and DAL?
United Airlines Holdings' ROCE % of 8.84% can be compared against companies in the Transportation industry. The industry median ROCE % is 7.74. United Airlines Holdings' value of 8.84% is 14.2% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Transportation company?
The median ROCE % among Transportation companies is 7.74, based on 997 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current ROCE % of 8.84% is 14.2% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Transportation industry, the median ROCE % is 7.74 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current ROCE % is 8.84%. 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 ROCE % is 8.84% and 14.2% above the Transportation industry median of 7.74. 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 ROCE % calculated?
ROCE % is calculated from a company's financial statements. For United Airlines Holdings (MEX:UAL), the current ROCE % is 8.84% 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:

  • ROCE %: 8.84%
  • GF Value™: MXN1,328.28 vs. price of MXN2,061.98 (55.2% above fair value)
  • GF Score™: 72/100 with 8 warning signs
  • Industry Position: 14.2% above the Transportation median

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.

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.
72GF Score

Get the complete analysis for MEX:UAL

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

MXN2,061.98
Price
MXN1,328.28
GF Value