United Airlines HoldingsXSWX:UAL 79 3-Year ROIIC % is 13.23 as of Dec. 2025, which is 1905% above its 10-year median of 0.66. GuruFocus rates XSWX:UAL with a GF Score™ of 79/100 and a GF Value™ of CHF63.80. The stock has 8 warning signs investors should review. Among 936 Transportation companies, United Airlines Holdings ranks better than 71.69% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
United Airlines Holdings's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 13.23%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for United Airlines Holdings's 3-Year ROIIC % or its related term are showing as below:
XSWX:UAL's 3-Year ROIIC % is ranked better than 71.69% of 936
companies
in the Transportation industry
Industry Median: 1.805
vs XSWX:UAL: 13.23
United Airlines Holdings (XSWX:UAL) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
United Airlines Holdings 3-Year ROIIC % Related Terms
United Airlines Holdings 3-Year ROIIC % Historical 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.
XSWX:UAL vs DAL, LUV, AAL: 3-Year ROIIC % Comparison
For the Airlines subindustry, United Airlines Holdings's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Transportation Industry
For the Transportation industry and Industrials sector, United Airlines Holdings's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where United Airlines Holdings's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
United Airlines Holdings (XSWX:UAL) has a 3-Year ROIIC % of 13.23 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on United Airlines Holdings and its competitors. This is 1905% above median its historical median of 0.66. According to the industry distribution chart, United Airlines Holdings ranks #265 out of 936 companies in the Transportation industry, placing it in the top 28.3%.
Is United Airlines Holdings' 3-Year ROIIC % too high?
United Airlines Holdings' current 3-Year ROIIC % of 13.23 is 1905% above median its 10-year median of 0.66. The Transportation industry median 3-Year ROIIC % is 1.81. United Airlines Holdings' value of 13.23 is 633% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #265 out of 936 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' 3-Year ROIIC % compare to DAL and LUV?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #265 out of 936 companies for 3-Year ROIIC %. This puts United Airlines Holdings in the upper half of its industry. The industry median 3-Year ROIIC % is 1.81. United Airlines Holdings' value of 13.23 is 633% above this benchmark. While the company's 10-year median is 0.66 vs. the industry median of 1.81, 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 3-Year ROIIC % for a Transportation company?
The median 3-Year ROIIC % among Transportation companies is 1.81, based on 936 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current 3-Year ROIIC % of 13.23 is 633% 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median 3-Year ROIIC % is 1.81 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current 3-Year ROIIC % is 13.23, which is 1905% above median its own 10-year median of 0.66. 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 3-Year ROIIC % of 13.23. The stock's GF Value™ is CHF63.80, compared to a current price of CHF110.06 — trading 72.5% above its estimated fair value. The current 3-Year ROIIC % is 13.23, which is 1905% above median its 10-year median of 0.66 and 633% above the Transportation industry median of 1.81. United Airlines Holdings' overall GF Score™ is 79/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For United Airlines Holdings (XSWX:UAL), the current 3-Year ROIIC % is 13.23 as of Dec. 2025. 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 CHF110.06 is trading 72.5% above its estimated GF Value™ of CHF63.80.
Key valuation signals for XSWX:UAL:
3-Year ROIIC %: 13.23 (1905% above median its 10-year median of 0.66)
GF Value™: CHF63.80 vs. price of CHF110.06 (72.5% above fair value)
Industry Position: 633% above the Transportation median (#265 of 936)
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
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