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URI (United Rentals) PE Ratio (TTM) : 21.24 (As of Oct. 31, 2024)


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What is United Rentals PE Ratio (TTM)?

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). As of today (2024-10-31), United Rentals's share price is $812.80. United Rentals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was $38.26. Therefore, United Rentals's PE Ratio (TTM) for today is 21.24.


The historical rank and industry rank for United Rentals's PE Ratio (TTM) or its related term are showing as below:

URI' s PE Ratio (TTM) Range Over the Past 10 Years
Min: 4.61   Med: 13.19   Max: 27.37
Current: 21.24


During the past 13 years, the highest PE Ratio (TTM) of United Rentals was 27.37. The lowest was 4.61. And the median was 13.19.


URI's PE Ratio (TTM) is ranked worse than
60.1% of 787 companies
in the Business Services industry
Industry Median: 17.97 vs URI: 21.24

United Rentals's Earnings per Share (Diluted) for the three months ended in Sep. 2024 was $10.70. Its Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 was $38.26.

As of today (2024-10-31), United Rentals's share price is $812.80. United Rentals's EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was $39.43. Therefore, United Rentals's PE Ratio without NRI for today is 20.62.

During the past 13 years, United Rentals's highest PE Ratio without NRI was 25.26. The lowest was 4.25. And the median was 12.89.

United Rentals's EPS without NRI for the three months ended in Sep. 2024 was $11.80. Its EPS without NRI for the trailing twelve months (TTM) ended in Sep. 2024 was $39.43.

During the past 12 months, United Rentals's average EPS without NRI Growth Rate was 10.00% per year. During the past 3 years, the average EPS without NRI Growth Rate was 42.20% per year. During the past 5 years, the average EPS without NRI Growth Rate was 22.80% per year. During the past 10 years, the average EPS without NRI Growth Rate was 23.10% per year.

During the past 13 years, United Rentals's highest 3-Year average EPS without NRI Growth Rate was 53.50% per year. The lowest was -22.20% per year. And the median was 23.10% per year.

United Rentals's EPS (Basic) for the three months ended in Sep. 2024 was $10.73. Its EPS (Basic) for the trailing twelve months (TTM) ended in Sep. 2024 was $38.38.


United Rentals PE Ratio (TTM) Historical Data

The historical data trend for United Rentals's PE Ratio (TTM) 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.

* Premium members only.

United Rentals PE Ratio (TTM) Chart

United Rentals Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
PE Ratio (TTM)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.04 19.01 17.45 11.99 16.25

United Rentals Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
PE Ratio (TTM) 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 12.89 16.25 19.55 17.09 21.16

Competitive Comparison of United Rentals's PE Ratio (TTM)

For the Rental & Leasing Services subindustry, United Rentals's PE Ratio (TTM), along with its competitors' market caps and PE Ratio (TTM) 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 Rentals's PE Ratio (TTM) Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's PE Ratio (TTM) distribution charts can be found below:

* The bar in red indicates where United Rentals's PE Ratio (TTM) falls into.



United Rentals PE Ratio (TTM) Calculation

The PE Ratio (TTM), or Price-to-Earnings ratio, or P/E Ratio, is a financial ratio used to compare a company's market price to its Earnings per Share (Diluted). It is the most widely used ratio in the valuation of stocks.

United Rentals's PE Ratio (TTM) for today is calculated as

PE Ratio (TTM)=Share Price/Earnings per Share (Diluted) (TTM)
=812.80/38.260
=21.24

United Rentals's Share Price of today is $812.80.
United Rentals's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $38.26.

* 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.

It can also be calculated from the numbers for the whole company:

PE Ratio (TTM)=Market Cap /Net Income

There are at least three kinds of PE Ratio (TTM)s used by different investors. They are Trailing Twelve Month PE Ratio (TTM) or PE Ratio (TTM) (TTM), Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio (TTM) based on inflation-adjusted normalized PE Ratio (TTM) is called Shiller PE Ratio, after Yale professor Robert Shiller.

In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months. For Forward PE Ratio, the earnings are the expected earnings for the next twelve months. In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.


United Rentals  (NYSE:URI) PE Ratio (TTM) Explanation

The PE Ratio (TTM) can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio (TTM) is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.

In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio (TTM) is positive. Also for stocks with the same PE Ratio (TTM), the one with faster growth business is more attractive.

If a company loses money, the PE Ratio (TTM) becomes meaningless.

To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio (TTM) divided by the growth ratio. He thinks a company with a PE Ratio (TTM) equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio (TTM) of 20, instead of a company growing 10% a year with a PE Ratio (TTM) of 10.

Because the PE Ratio (TTM) measures how long it takes to earn back the price you pay, the PE Ratio (TTM) can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.

Similar to the PE Ratio without NRI or PS Ratio or Price-to-Operating-Cash-Flow or Price-to-Free-Cash-Flow , the PE Ratio (TTM) measures the valuation based on the earning power of the company. This is where it is different from the PB Ratio , which measures the valuation based on the company's balance sheet.


Be Aware

Investors need to be aware that the PE Ratio (TTM) can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio (TTM)s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio (TTM) is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio .

PE Ratio (TTM) can also be affected by non-recurring-items such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio (TTM).


United Rentals PE Ratio (TTM) Related Terms

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United Rentals Business Description

Traded in Other Exchanges
Address
100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902
United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 15% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinite periods.
Executives
Joli L. Gross officer: SVP, General Counsel TWO AMERICAN LANE, GREENWICH CT 06831
Anthony S. Leopold officer: SVP C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Michael D Durand officer: EVP, Chief Operating Officer C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Matthew John Flannery officer: Sr. Vice President- Operations C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Craig Adam Pintoff officer: Sr. V.P,, Gen. Counsel & H.R. C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STE 700, STAMFORD CT 06902
William E. Grace officer: VP, Interim CFO C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Terri L. Kelly director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Dale A Asplund officer: Senior V.P.-Business Services C/O BRIGHTVIEW HOLDINGS, INC., 980 JOLLY ROAD, SUITE 300, BLUE BELL PA 19422
Andrew B. Limoges officer: VP, Controller C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
Jose B Alvarez director STOP & SHOP, 1385 HANCOCK STREET, QUINCY MA 02169
Francisco J Lopez-balboa director 3280 PEACHTREE ROAD, N.W., ATLANTA GA 30305
Jessica Graziano officer: Vice President, Controller C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902
Shiv Singh director C/O UNITED RENTALS, INC., 100 FIRST STAMFORD PLACE, SUITE 700, STAMFORD CT 06902
De Shon Larry D director 6 SYLVAN WAY, PARSIPPANY NJ 07054
Filippo Passerini director C/O UNITED RENTALS, INC, 100 FIRST STAMFORD PL, STAMFORD CT 06902