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United Airlines Holdings, Inc. (UAL)

Air Transportation, Scheduled

Latest Price
$105.21
TTM P/E
9.64
Normalized P/E
14.81
TTM Div Yield
--
Fwd Div Yield
--
Book Value
54.70
P/B Ratio
1.92

Valuation metrics

adjust assumptions →
EPS: $10.20
Book value / share: $47.24
Formula: √(22.5 × EPS × BVPS)
Graham Number
$104.13
1% 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
29% 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
92% downside
EPS: $10.20
Target P/E: 15×
Formula: EPS × P/E
P/E Fair Value
$153.00
+45% upside

Institutional Ownership

96.6% held by institutions
InstitutionSharesValueOwnership %ChangeFiling Date
BlackRock, Inc.22.92M$3.12B7.05%+1.21M2026-06-30
Vanguard Capital Management LLC21.01M$2.86B6.47%+22.9K2026-06-30
FMR LLC19.47M$2.65B5.99%+2.45M2026-06-30
Primecap Management Co16.46M$2.24B5.07%+711.0K2026-06-30
Sanders Capital, LLC15.03M$2.04B4.63%-176.6K2026-06-30
Vanguard Portfolio Management LLC14.16M$1.93B4.36%+95.0K2026-06-30
Jane Street Group, LLC13.01M$1.77B4.00%+6.60M2026-06-30
State Street Corp11.79M$1.60B3.63%+162.3K2026-06-30
Capital World Investors11.35M$1.54B3.49%+241.1K2026-06-30
Geode Capital Management, LLC9.54M$1.31B2.94%+232.2K2026-06-30
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