Stock Analysis on Net

United Parcel Service Inc. (NYSE:UPS)

Common Stock Valuation Ratios (Price Multiples) 

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Current Valuation Ratios

United Parcel Service Inc., current price multiples

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United Parcel Service Inc. FedEx Corp. Uber Technologies Inc. Union Pacific Corp. United Airlines Holdings Inc. Transportation Industrials
Selected Financial Data
Current share price (P) $109.66
No. shares of common stock outstanding 854,171,950
Growth rate (g) 87.79%
 
Earnings per share (EPS) $6.77
Next year expected EPS $12.71
Operating profit per share $9.91
Sales per share $106.62
Book value per share (BVPS) $19.57
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 16.20 13.37 15.42 20.79 7.30 15.63 27.16
Price to next year expected earnings 8.63 12.29 21.74 16.91 13.08 14.04 25.48
Price-earnings-growth (PEG) 0.18 1.52 0.90 1.38 4.12
Price to operating profit (P/OP) 11.06 10.42 54.30 14.44 4.51 14.76 22.01
Price to sales (P/S) 1.03 0.66 3.46 5.78 0.40 1.54 2.19
Price to book value (P/BV) 5.60 2.10 7.05 8.31 1.81 4.89 6.38

Based on: 10-K (reporting date: 2024-12-31).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.


Historical Valuation Ratios (Summary)

United Parcel Service Inc., historical price multiples

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Price to earnings (P/E) 17.05 18.89 13.27 14.11 104.33
Price to operating profit (P/OP) 11.64 13.86 11.70 14.20 18.23
Price to sales (P/S) 1.08 1.39 1.53 1.87 1.66
Price to book value (P/BV) 5.90 7.32 7.75 12.76 213.26

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. United Parcel Service Inc. P/E ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. United Parcel Service Inc. P/OP ratio increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. United Parcel Service Inc. P/S ratio decreased from 2022 to 2023 and from 2023 to 2024.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. United Parcel Service Inc. P/BV ratio decreased from 2022 to 2023 and from 2023 to 2024.

Price to Earnings (P/E)

United Parcel Service Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 854,171,950 852,653,061 858,740,988 870,391,403 867,038,529
Selected Financial Data (US$)
Net income (in millions) 5,782 6,708 11,548 12,890 1,343
Earnings per share (EPS)2 6.77 7.87 13.45 14.81 1.55
Share price1, 3 115.42 148.64 178.46 208.97 161.60
Valuation Ratio
P/E ratio4 17.05 18.89 13.27 14.11 104.33
Benchmarks
P/E Ratio, Competitors5
FedEx Corp. 17.21 16.11 14.80 15.07 33.43
Uber Technologies Inc. 16.83 89.56
Union Pacific Corp. 21.68 23.85 17.97 23.67 25.57
United Airlines Holdings Inc. 9.58 5.70 21.74
P/E Ratio, Sector
Transportation 17.26 24.43 30.10 22.48
P/E Ratio, Industry
Industrials 28.42 24.85 36.06 35.59

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 2024 Calculation
EPS = Net income ÷ No. shares of common stock outstanding
= 5,782,000,000 ÷ 854,171,950 = 6.77

3 Closing price as at the filing date of United Parcel Service Inc. Annual Report.

4 2024 Calculation
P/E ratio = Share price ÷ EPS
= 115.42 ÷ 6.77 = 17.05

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. United Parcel Service Inc. P/E ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Price to Operating Profit (P/OP)

United Parcel Service Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 854,171,950 852,653,061 858,740,988 870,391,403 867,038,529
Selected Financial Data (US$)
Operating profit (in millions) 8,468 9,141 13,094 12,810 7,684
Operating profit per share2 9.91 10.72 15.25 14.72 8.86
Share price1, 3 115.42 148.64 178.46 208.97 161.60
Valuation Ratio
P/OP ratio4 11.64 13.86 11.70 14.20 18.23
Benchmarks
P/OP Ratio, Competitors5
FedEx Corp. 13.40 13.03 9.07 13.46 17.79
Uber Technologies Inc. 59.27 152.26
Union Pacific Corp. 15.06 16.75 12.68 16.53 17.46
United Airlines Holdings Inc. 5.92 3.54 6.86
P/OP Ratio, Sector
Transportation 16.29 18.51 14.13 21.54 65.24
P/OP Ratio, Industry
Industrials 23.03 20.78 19.86 22.38 68.31

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 2024 Calculation
Operating profit per share = Operating profit ÷ No. shares of common stock outstanding
= 8,468,000,000 ÷ 854,171,950 = 9.91

3 Closing price as at the filing date of United Parcel Service Inc. Annual Report.

4 2024 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 115.42 ÷ 9.91 = 11.64

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. United Parcel Service Inc. P/OP ratio increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.

Price to Sales (P/S)

United Parcel Service Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 854,171,950 852,653,061 858,740,988 870,391,403 867,038,529
Selected Financial Data (US$)
Revenue (in millions) 91,070 90,958 100,338 97,287 84,628
Sales per share2 106.62 106.68 116.84 111.77 97.61
Share price1, 3 115.42 148.64 178.46 208.97 161.60
Valuation Ratio
P/S ratio4 1.08 1.39 1.53 1.87 1.66
Benchmarks
P/S Ratio, Competitors5
FedEx Corp. 0.85 0.71 0.61 0.94 0.62
Uber Technologies Inc. 3.77 4.53 2.16 3.90 9.07
Union Pacific Corp. 6.03 6.31 5.05 7.08 7.00
United Airlines Holdings Inc. 0.53 0.28 0.36 0.63 1.11
P/S Ratio, Sector
Transportation 1.70 1.78 1.42 2.03 2.19
P/S Ratio, Industry
Industrials 2.29 2.06 1.80 2.07 2.14

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 2024 Calculation
Sales per share = Revenue ÷ No. shares of common stock outstanding
= 91,070,000,000 ÷ 854,171,950 = 106.62

3 Closing price as at the filing date of United Parcel Service Inc. Annual Report.

4 2024 Calculation
P/S ratio = Share price ÷ Sales per share
= 115.42 ÷ 106.62 = 1.08

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. United Parcel Service Inc. P/S ratio decreased from 2022 to 2023 and from 2023 to 2024.

Price to Book Value (P/BV)

United Parcel Service Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 854,171,950 852,653,061 858,740,988 870,391,403 867,038,529
Selected Financial Data (US$)
Equity for controlling interests (in millions) 16,718 17,306 19,786 14,253 657
Book value per share (BVPS)2 19.57 20.30 23.04 16.38 0.76
Share price1, 3 115.42 148.64 178.46 208.97 161.60
Valuation Ratio
P/BV ratio4 5.90 7.32 7.75 12.76 213.26
Benchmarks
P/BV Ratio, Competitors5
FedEx Corp. 2.70 2.45 2.27 3.26 2.35
Uber Technologies Inc. 7.70 15.02 9.36 4.71 8.24
Union Pacific Corp. 8.66 10.29 10.34 10.90 8.07
United Airlines Holdings Inc. 2.38 1.60 2.32 3.06 2.85
P/BV Ratio, Sector
Transportation 5.40 6.69 5.91 6.92 8.09
P/BV Ratio, Industry
Industrials 6.68 6.85 5.50 5.44 5.89

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 2024 Calculation
BVPS = Equity for controlling interests ÷ No. shares of common stock outstanding
= 16,718,000,000 ÷ 854,171,950 = 19.57

3 Closing price as at the filing date of United Parcel Service Inc. Annual Report.

4 2024 Calculation
P/BV ratio = Share price ÷ BVPS
= 115.42 ÷ 19.57 = 5.90

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. United Parcel Service Inc. P/BV ratio decreased from 2022 to 2023 and from 2023 to 2024.