United Airlines EV/EBIT UAL
Enterprise value divided by operating profit over the last twelve months, one-off items taken out, since 2011.
- Today, Oct 23, 2026
- 9.5×
- 10-year median
- 7.6×
- Against its 10-year history
- 80th
- percentile: 0 is its lowest day, 100 its highest
- 10-year range
- 3.5× to 45.9×
- Peer median
- 11.1×
United Airlines' EV/EBIT is 9.5× as of Oct 23, 2026.
That is above its ten-year median of 7.6×, higher than on 80% of days in the last ten years.
Over that time it ranged from 3.5× in Apr 2020 to 45.9× in Jan 2023.
The median for 3 airline and airport stocks of a similar size is 11.1×.
EV/EBIT over time
The dashed line is the 10-year median and the shaded band the middle half of its days.
Year by year
| Year | End of year | Low | High |
|---|---|---|---|
| 2026 so far | 9.5× | 7.9× | 11.4× |
| 2025 | 10.1× | 5.7× | 10.3× |
| 2024 | 9.6× | 4.8× | 9.6× |
| 2023 | 5.0× | 4.5× | 45.9× |
| 2022 | 38.8× | 38.8× | 42.4× |
| 2021 | n/m a value too high to mean anything | ||
| 2020 | 7.7× | 3.5× | 8.5× |
| 2019 | 6.7× | 6.7× | 9.7× |
| 2018 | 9.2× | 7.0× | 10.2× |
| 2017 | 7.3× | 5.7× | 7.7× |
| 2016 | 6.1× | 4.1× | 6.3× |
| 2015 | 5.7× | 5.7× | 14.1× |
| 2014 | 12.1× | 9.2× | 14.7× |
| 2013 | 8.7× | 7.7× | 24.4× |
| 2012 | 22.4× | 5.5× | 23.1× |
| 2011 | 5.6× | 5.1× | 12.3× |
Against its peers
Companies in Airlines, Airports & Air Services nearest United Airlines' size, closest first, today.
| Company | EV/EBIT |
|---|---|
| UALUnited Airlines | 9.5× |
| LUVSouthwest Airlines | 15.9× |
| DALDelta Air Lines | 11.1× |
| SKYWSkywest | 9.0× |
| Peer median | 11.1× |
Where United Airlines ranks
What the EV/EBIT tells you
What the whole business costs against its operating profit. Enterprise value is the market value plus borrowings and minority interests, less cash. EBIT is operating profit before interest and tax, with one-offs taken out. Unlike PE it is not moved by how a company is financed.
Leases are left out of debt for every company. Banks earn on their balance sheet, so EV/EBIT does not describe them.
More on United Airlines
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.