United Airlines Holdings (XSWX:UAL) Shiller PE Ratio: 33.14 (As of Aug. 03, 2026) — 117% Above Median

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XSWX:UAL United Airlines Holdings Inc XSWX:UAL
83 GF Score
Price CHF98.77
GF Value CHF72.57
! 5 Warning Signs
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What is United Airlines Holdings Shiller PE Ratio?

United Airlines Holdings XSWX:UAL 83 Shiller PE Ratio is 33.14 as of Aug. 03, 2026, which is 117% above its 10-year median of 15.29. GuruFocus rates XSWX:UAL with a GF Score™ of 83/100 and a GF Value™ of CHF72.57. The stock has 5 warning signs investors should review. Among 599 Transportation companies, United Airlines Holdings ranks worse than 81.14% on this metric.

As of today (2026-08-03), United Airlines Holdings's current share price is CHF98.77. United Airlines Holdings's E10 for the quarter that ended in Jun. 2026 was CHF2.98. United Airlines Holdings's Shiller PE Ratio for today is 33.14.

The historical rank and industry rank for United Airlines Holdings's Shiller PE Ratio or its related term are showing as below:

XSWX:UAL' s Shiller PE Ratio Range Over the Past 10 Years
Min: 3.65   Med: 15.29   Max: 47.54
Current: 33.1

During the past years, United Airlines Holdings's highest Shiller PE Ratio was 47.54. The lowest was 3.65. And the median was 15.29.

XSWX:UAL's Shiller PE Ratio is ranked worse than
81.14% of 599 companies
in the Transportation industry
Industry Median: 18.56 vs XSWX:UAL: 33.10

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

United Airlines Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was CHF1.966. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is CHF2.98 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Airlines Holdings  (XSWX:UAL) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


United Airlines Holdings Shiller PE Ratio Related Terms


United Airlines Holdings Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for United Airlines Holdings's Shiller PE Ratio 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 Shiller PE Ratio Chart

United Airlines Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.37 10.66 9.66 19.53 32.25

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
Shiller PE Ratio 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 16.29 27.86 32.25 25.39 37.09

XSWX:UAL vs LUV, DAL, AAL: Shiller PE Ratio Comparison

For the Airlines subindustry, United Airlines Holdings's Shiller PE Ratio, along with its competitors' market caps and Shiller PE Ratio 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 Shiller PE Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, United Airlines Holdings's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where United Airlines Holdings's Shiller PE Ratio falls into.


XSWX:UAL
83GF Score
United Airlines Holdings Inc XSWX:UAL
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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United Airlines Holdings Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

United Airlines Holdings's Shiller PE Ratio for today is calculated as

Shiller PE Ratio=Share Price/ E10
=98.77/2.98
=33.14

* 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's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, United Airlines Holdings's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=1.966/333.9520*333.9520
=1.966

Current CPI (Jun. 2026) = 333.9520.

United Airlines Holdings Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 2.929 241.428 4.051
201612 1.284 241.432 1.776
201703 0.320 243.801 0.438
201706 2.585 244.955 3.524
201709 2.069 246.819 2.799
201712 1.964 246.524 2.661
201803 0.483 249.554 0.646
201806 2.455 251.989 3.254
201809 2.953 252.439 3.907
201812 1.686 251.233 2.241
201903 1.091 254.202 1.433
201906 3.972 256.143 5.179
201909 3.952 256.759 5.140
201912 2.486 256.974 3.231
202003 -6.581 258.115 -8.515
202006 -5.508 257.797 -7.135
202009 -5.791 260.280 -7.430
202012 -5.677 260.474 -7.278
202103 -3.989 264.877 -5.029
202106 -1.216 271.696 -1.495
202109 1.329 274.310 1.618
202112 -1.837 278.802 -2.200
202203 -3.941 287.504 -4.578
202206 0.970 296.311 1.093
202209 2.784 296.808 3.132
202212 2.376 296.797 2.673
202303 -0.546 301.836 -0.604
202306 2.917 305.109 3.193
202309 3.077 307.789 3.339
202312 1.565 306.746 1.704
202403 -0.338 312.332 -0.361
202406 3.539 314.175 3.762
202409 2.457 315.301 2.602
202412 2.630 315.605 2.783
202503 1.025 319.799 1.070
202506 2.415 322.561 2.500
202509 2.309 324.800 2.374
202512 2.542 324.054 2.620
202603 1.685 330.213 1.704
202606 1.966 333.952 1.966

Add all the adjusted EPS together and divide 10 will get our E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Frequently Asked Questions Learn more about Shiller PE Ratio →
What does a Shiller PE Ratio of 33.14 mean?
United Airlines Holdings (XSWX:UAL) has a Shiller PE Ratio of 33.14 as of Aug. 03, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on United Airlines Holdings and its competitors. This is 117% above median its historical median of 15.29. Over the past decade, United Airlines Holdings' Shiller PE Ratio has ranged from 3.65 to 47.54. According to the industry distribution chart, United Airlines Holdings ranks #486 out of 599 companies in the Transportation industry, placing it in the top 81.1%.
Is United Airlines Holdings' Shiller PE Ratio too high?
United Airlines Holdings' current Shiller PE Ratio of 33.14 is 117% above median its 10-year median of 15.29. Over the past 10 years, this metric has ranged from a low of 3.65 to a high of 47.54. The Transportation industry median Shiller PE Ratio is 18.56. United Airlines Holdings' value of 33.14 is 78.6% above this industry median. Based on the distribution chart, United Airlines Holdings ranks #486 out of 599 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, United Airlines Holdings has a GF Score™ of 83/100, reflecting its overall financial health beyond just this single metric.
How does United Airlines Holdings' Shiller PE Ratio compare to LUV and DAL?
According to the Transportation industry distribution chart, United Airlines Holdings ranks #486 out of 599 companies for Shiller PE Ratio. This places United Airlines Holdings in the lower half of its industry. The industry median Shiller PE Ratio is 18.56. United Airlines Holdings' value of 33.14 is 78.6% above this benchmark. Historically, United Airlines Holdings' own Shiller PE Ratio has ranged from 3.65 to 47.54 over the past decade. While the company's 10-year median is 15.29 vs. the industry median of 18.56, 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 Shiller PE Ratio for a Transportation company?
The median Shiller PE Ratio among Transportation companies is 18.56, based on 599 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Airlines Holdings's current Shiller PE Ratio of 33.14 is 78.6% 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on United Airlines Holdings and its competitors. For the Transportation industry, the median Shiller PE Ratio is 18.56 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Airlines Holdings's current Shiller PE Ratio is 33.14, which is 117% above median its own 10-year median of 15.29. 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 Shiller PE Ratio of 33.14. The stock's GF Value™ is CHF72.57, compared to a current price of CHF98.77 — trading 36.1% above its estimated fair value. The current Shiller PE Ratio is 33.14, which is 117% above median its 10-year median of 15.29 and 78.6% above the Transportation industry median of 18.56. United Airlines Holdings' overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For United Airlines Holdings (XSWX:UAL), the current Shiller PE Ratio is 33.14 as of Aug. 03, 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 CHF98.77 is trading 36.1% above its estimated GF Value™ of CHF72.57.

Key valuation signals for XSWX:UAL:

  • Shiller PE Ratio: 33.14 (117% above median its 10-year median of 15.29)
  • GF Value™: CHF72.57 vs. price of CHF98.77 (36.1% above fair value)
  • GF Score™: 83/100 with 5 warning signs
  • Industry Position: 78.6% above the Transportation median (#486 of 599)

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.
83GF Score

Get the complete analysis for XSWX:UAL

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

CHF98.77
Price
CHF72.57
GF Value