United Airlines Holdings, Inc.UAL

Where UAL's P/B sits inside its own 10-year distribution, with the yearly high, low and average.

$108.66+0.31 (+0.29%)Previous close
NASDAQIndustrials

UAL P/B: current value, 10-year range and year-by-year history

2.1Below average

UAL's p/b is lower than 65% of the last 10 years.

P/B History

Historically priceyAbove avgAround avgBelow avgHistorically cheap
UAL P/B historyUAL P/B from Sep 2023 to Sep 2026: low 1.2, high 2.98, latest 2.13.1.061.582.092.613.12Sep 23Apr 24Nov 24Jun 25Jan 26Sep 26med 2.02

UAL P/B by year

Yearly range of UAL’s p/b from 2016 to 2026. Over the full period it ranged from 0.5 to 4.7, averaging 2.3.

UAL P/B — yearly low, average, high and year-end values
YearLowAverageHighYear-end
20261.82.22.82.1
20251.52.32.92.4
20241.21.83.02.6
20231.32.12.81.5
20222.03.14.72.5
20212.13.03.72.8
20200.51.32.32.3
20191.92.22.51.9
20182.12.52.92.3
20171.92.53.12.3
20162.02.42.92.8

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How much the market pays relative to the company's accounting net worth (assets minus liabilities). P/B < 1 means the market values the company below what the books say it owns.

FormulaPrice / Book Value Per Share
Full guide
How to read this chart

Most useful for asset-heavy businesses: banks, insurers, REITs. A P/B near its historical low suggests the market is paying unusually little for the net assets.

Key caveats
  • Goodwill and intangibles from acquisitions can inflate book value significantly — some analysts prefer tangible book value.
  • Low P/B in technology or software companies is usually irrelevant: their value is in IP and people, not balance sheet assets.

Is UAL P/B High or Low Right Now?

United Airlines Holdings, Inc.'s P/B is currently 2.1, which is below average relative to its 10-year historical range. The 10-year median P/B for UAL is approximately 2.3. See all UAL valuation metrics →

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