Stock Analysis on Net

United Rentals Inc. (NYSE:URI)

This company has been moved to the archive! The financial data has not been updated since January 25, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

United Rentals Inc., historical price multiples (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 12.93 10.55 11.49 14.30 16.08 20.93 23.57 25.56 19.17 13.23 10.57 7.87 9.65 7.98 9.33 9.09 8.43
Price to operating profit (P/OP) 8.42 6.95 7.41 8.95 9.79 12.32 12.33 12.96 9.48 6.52 5.91 4.30 5.26 4.32 4.98 5.00 4.73
Price to sales (P/S) 2.34 1.85 1.88 2.18 2.29 2.73 2.68 2.78 2.00 1.41 1.31 0.99 1.21 0.99 1.15 1.17 1.15
Price to book value (P/BV) 3.85 3.23 3.32 3.64 3.72 4.59 4.63 4.96 3.75 2.96 3.01 2.54 2.96 2.51 2.92 2.93 2.71 3.38 4.05 4.92

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

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 Rentals Inc. P/E ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.
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 Rentals Inc. P/OP ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.
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 Rentals Inc. P/S ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.
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 Rentals Inc. P/BV ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.

Price to Earnings (P/E)

United Rentals Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 69,359,591 69,308,481 69,985,365 71,611,509 72,421,902 72,394,435 72,390,139 72,378,142 72,199,276 72,136,631 72,080,277 72,049,494 74,375,477 75,155,939 77,162,794 78,624,102 79,591,082 81,102,622 82,748,285 83,596,643
Selected Financial Data (US$)
Net income (in millions) 639 606 493 367 481 409 293 203 297 208 212 173 338 391 270 175 310 333 270 183
Earnings per share (EPS)2 30.35 28.09 25.01 21.64 19.14 16.60 13.83 12.71 12.33 12.91 15.45 16.27 15.78 15.25 14.10 13.84 13.77 0.00 0.00 0.00
Share price1, 3 392.48 296.23 287.23 309.62 307.76 347.55 325.89 324.85 236.27 170.73 163.42 127.98 152.26 121.67 131.49 125.76 116.02 139.04 154.91 180.00
Valuation Ratio
P/E ratio4 12.93 10.55 11.49 14.30 16.08 20.93 23.57 25.56 19.17 13.23 10.57 7.87 9.65 7.98 9.33 9.09 8.43
Benchmarks
P/E Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 19.15 15.15 14.29 18.28 16.82 21.38 25.50 37.92 36.80 25.43 17.65 11.00 12.36
Eaton Corp. plc 27.93 26.32 25.21 26.37 27.77 33.08 34.43 40.32 37.46 31.97 25.14 15.70 18.06
GE Aerospace 19.67 19.55
Honeywell International Inc. 26.97 24.58 25.26 25.10 23.14 27.35 31.83 33.71 29.63 23.23 17.93 15.27 20.97
Lockheed Martin Corp. 20.48 19.28 22.00 19.45 16.70 15.11 14.27 15.48 13.44 15.79 16.26 17.09 19.87
RTX Corp. 27.59 29.12 29.83 35.16 36.79 40.28 60.91 12.02 24.41

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2022 Calculation
EPS = (Net incomeQ4 2022 + Net incomeQ3 2022 + Net incomeQ2 2022 + Net incomeQ1 2022) ÷ No. shares of common stock outstanding
= (639,000,000 + 606,000,000 + 493,000,000 + 367,000,000) ÷ 69,359,591 = 30.35

3 Closing price as at the filing date of United Rentals Inc. Quarterly or Annual Report.

4 Q4 2022 Calculation
P/E ratio = Share price ÷ EPS
= 392.48 ÷ 30.35 = 12.93

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 Rentals Inc. P/E ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.

Price to Operating Profit (P/OP)

United Rentals Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 69,359,591 69,308,481 69,985,365 71,611,509 72,421,902 72,394,435 72,390,139 72,378,142 72,199,276 72,136,631 72,080,277 72,049,494 74,375,477 75,155,939 77,162,794 78,624,102 79,591,082 81,102,622 82,748,285 83,596,643
Selected Financial Data (US$)
Operating income (in millions) 1,024 921 715 572 745 679 481 372 510 551 381 358 599 656 529 368 563 578 470 340
Operating profit per share2 46.60 42.61 38.74 34.59 31.44 28.21 26.44 25.06 24.93 26.19 27.66 29.73 28.93 28.15 26.41 25.17 24.51 0.00 0.00 0.00
Share price1, 3 392.48 296.23 287.23 309.62 307.76 347.55 325.89 324.85 236.27 170.73 163.42 127.98 152.26 121.67 131.49 125.76 116.02 139.04 154.91 180.00
Valuation Ratio
P/OP ratio4 8.42 6.95 7.41 8.95 9.79 12.32 12.33 12.96 9.48 6.52 5.91 4.30 5.26 4.32 4.98 5.00 4.73
Benchmarks
P/OP Ratio, Competitors5
Boeing Co.
Caterpillar Inc. 16.25 14.25 13.65 17.16 15.87 16.57 18.76 26.25 24.23 16.79 12.06 7.79 9.08
Eaton Corp. plc 22.78 21.52 18.06 18.52 19.33 22.62 27.06 30.03 25.83 21.15 17.02 11.54 13.95
GE Aerospace 19.88 15.70 13.51 17.08 17.46 20.90 23.40 35.58 25.64 11.62 7.77 5.53 9.22
Honeywell International Inc. 20.84 21.54 21.51 22.09 20.68 23.54 25.98 28.28 24.86 20.25 17.03 13.96 18.81
Lockheed Martin Corp. 14.06 13.30 11.97 13.61 11.56 10.22 11.57 12.37 10.63 12.14 12.39 12.72 14.49
RTX Corp. 26.48 24.82 26.15 29.36 28.68 35.30 46.33 48.47 6.01 15.07

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2022 Calculation
Operating profit per share = (Operating incomeQ4 2022 + Operating incomeQ3 2022 + Operating incomeQ2 2022 + Operating incomeQ1 2022) ÷ No. shares of common stock outstanding
= (1,024,000,000 + 921,000,000 + 715,000,000 + 572,000,000) ÷ 69,359,591 = 46.60

3 Closing price as at the filing date of United Rentals Inc. Quarterly or Annual Report.

4 Q4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 392.48 ÷ 46.60 = 8.42

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 Rentals Inc. P/OP ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.

Price to Sales (P/S)

United Rentals Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 69,359,591 69,308,481 69,985,365 71,611,509 72,421,902 72,394,435 72,390,139 72,378,142 72,199,276 72,136,631 72,080,277 72,049,494 74,375,477 75,155,939 77,162,794 78,624,102 79,591,082 81,102,622 82,748,285 83,596,643
Selected Financial Data (US$)
Revenues (in millions) 3,296 3,051 2,771 2,524 2,776 2,596 2,287 2,057 2,279 2,187 1,939 2,125 2,456 2,488 2,290 2,117 2,306 2,116 1,891 1,734
Sales per share2 167.85 160.47 152.42 142.20 134.16 127.34 121.70 116.91 118.15 120.70 124.97 129.90 125.73 122.43 114.42 107.22 101.10 0.00 0.00 0.00
Share price1, 3 392.48 296.23 287.23 309.62 307.76 347.55 325.89 324.85 236.27 170.73 163.42 127.98 152.26 121.67 131.49 125.76 116.02 139.04 154.91 180.00
Valuation Ratio
P/S ratio4 2.34 1.85 1.88 2.18 2.29 2.73 2.68 2.78 2.00 1.41 1.31 0.99 1.21 0.99 1.15 1.17 1.15
Benchmarks
P/S Ratio, Competitors5
Boeing Co. 1.90 1.30 1.53 1.50 1.87 1.93 2.20 2.44 1.96 1.38 1.41 1.11 2.34
Caterpillar Inc. 2.27 2.08 1.88 2.38 2.26 2.41 2.59 3.23 2.83 2.06 1.68 1.22 1.48
Eaton Corp. plc 3.31 2.99 2.95 2.96 3.03 3.51 3.39 3.25 2.96 2.41 2.02 1.60 1.87
GE Aerospace 1.20 1.11 1.10 1.25 1.50 1.64 1.60 1.68 1.41 0.84 0.71 0.67 1.18
Honeywell International Inc. 3.78 3.78 3.72 3.84 3.73 4.32 4.66 4.78 4.34 3.48 3.04 2.65 3.51
Lockheed Martin Corp. 1.78 1.75 1.61 1.84 1.57 1.38 1.53 1.63 1.40 1.61 1.67 1.75 2.07
RTX Corp. 2.14 1.97 2.04 2.27 2.21 2.09 2.14 2.07 1.95 1.44 1.41 0.71 1.75

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2022 Calculation
Sales per share = (RevenuesQ4 2022 + RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022) ÷ No. shares of common stock outstanding
= (3,296,000,000 + 3,051,000,000 + 2,771,000,000 + 2,524,000,000) ÷ 69,359,591 = 167.85

3 Closing price as at the filing date of United Rentals Inc. Quarterly or Annual Report.

4 Q4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 392.48 ÷ 167.85 = 2.34

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 Rentals Inc. P/S ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.

Price to Book Value (P/BV)

United Rentals Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 69,359,591 69,308,481 69,985,365 71,611,509 72,421,902 72,394,435 72,390,139 72,378,142 72,199,276 72,136,631 72,080,277 72,049,494 74,375,477 75,155,939 77,162,794 78,624,102 79,591,082 81,102,622 82,748,285 83,596,643
Selected Financial Data (US$)
Stockholders’ equity (in millions) 7,062 6,353 6,046 6,084 5,991 5,483 5,094 4,745 4,545 4,161 3,907 3,635 3,830 3,650 3,478 3,375 3,403 3,334 3,164 3,058
Book value per share (BVPS)2 101.82 91.66 86.39 84.96 82.72 75.74 70.37 65.56 62.95 57.68 54.20 50.45 51.50 48.57 45.07 42.93 42.76 41.11 38.24 36.58
Share price1, 3 392.48 296.23 287.23 309.62 307.76 347.55 325.89 324.85 236.27 170.73 163.42 127.98 152.26 121.67 131.49 125.76 116.02 139.04 154.91 180.00
Valuation Ratio
P/BV ratio4 3.85 3.23 3.32 3.64 3.72 4.59 4.63 4.96 3.75 2.96 3.01 2.54 2.96 2.51 2.92 2.93 2.71 3.38 4.05 4.92
Benchmarks
P/BV Ratio, Competitors5
Boeing Co. 1,689.96
Caterpillar Inc. 8.09 7.16 6.14 6.96 6.62 6.61 6.65 7.86 7.20 5.64 5.32 4.11 5.16 5.09 4.81 5.06
Eaton Corp. plc 4.04 3.75 3.56 3.52 3.63 4.28 4.21 3.84 3.54 3.06 2.73 2.34 2.48 2.32 2.14 2.16
GE Aerospace 2.43 2.53 2.26 2.27 2.64 3.15 3.43 3.53 2.89 1.95 1.71 1.63 3.66 3.16 2.55 2.52
Honeywell International Inc. 8.02 7.46 7.31 7.17 6.91 8.39 8.83 8.67 8.07 6.40 5.78 5.46 6.97 6.61 7.00 6.56
Lockheed Martin Corp. 12.67 9.46 9.05 12.08 9.62 9.50 15.63 17.05 15.27 20.84 27.96 30.96 39.60 26.86 35.45 37.84
RTX Corp. 1.97 1.85 1.89 2.04 1.95 1.87 1.87 1.75 1.53 1.26 1.35 1.25 3.24 3.05 2.87 3.05

Based on: 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q4 2022 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 7,062,000,000 ÷ 69,359,591 = 101.82

3 Closing price as at the filing date of United Rentals Inc. Quarterly or Annual Report.

4 Q4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 392.48 ÷ 101.82 = 3.85

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 Rentals Inc. P/BV ratio decreased from Q2 2022 to Q3 2022 but then increased from Q3 2022 to Q4 2022 exceeding Q2 2022 level.