United Airlines Holdings, Inc. (UAL)
Air Transportation, Scheduled
Latest Price
$108.96
TTM P/E
10.21
Normalized P/E
16.11
Div Yield
--
Book Value
51.49
P/B Ratio
2.12
Valuation metrics
adjust assumptions →EPS: $10.20
Book value / share: $47.24
Formula: √(22.5 × EPS × BVPS)
Graham Number
$104.13
4% downside
Norm. op. income: $4.2B (median of 7yr)
Tax rate: 23%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$74.35
32% downside
Base FCF: $2.6B (median of recent 5yr)
Growth: -15%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$7.94
93% downside
EPS: $10.20
Target P/E: 16×
Formula: EPS × P/E
P/E Fair Value
$163.20
+50% upside
Institutional Ownership
96.6% held by institutions| Institution | Shares | Value | Ownership % | Change | Filing Date |
|---|---|---|---|---|---|
| BlackRock, Inc. | 22.92M | $3.12B | 7.06% | +1.21M | 2026-06-30 |
| VANGUARD CAPITAL MANAGEMENT LLC | 21.01M | $2.86B | 6.47% | +22.9K | 2026-06-30 |
| FMR LLC | 19.47M | $2.65B | 6.00% | +2.45M | 2026-06-30 |
| PRIMECAP MANAGEMENT CO/CA/ | 16.46M | $2.24B | 5.07% | +711.0K | 2026-06-30 |
| Sanders Capital, LLC | 15.03M | $2.04B | 4.63% | -176.6K | 2026-06-30 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 14.16M | $1.93B | 4.36% | +95.0K | 2026-06-30 |
| JANE STREET GROUP, LLC | 13.01M | $1.77B | 4.01% | +6.60M | 2026-06-30 |
| STATE STREET CORP | 11.79M | $1.60B | 3.63% | +162.3K | 2026-06-30 |
| Capital World Investors | 11.35M | $1.54B | 3.50% | +241.1K | 2026-06-30 |
| GEODE CAPITAL MANAGEMENT, LLC | 9.54M | $1.31B | 2.94% | +232.2K | 2026-06-30 |