P/E ratio for United Rentals (URI)
P/E ratio as of April 2024 (TTM): 18.9
According to United Rentals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 18.932. At the end of 2022 the company had a P/E ratio of 11.9.
P/E ratio history for United Rentals from 2001 to 2023
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 2022 | 11.9 | -31.53% |
| 2021 | 17.4 | -8.1% |
| 2020 | 18.9 | 72.98% |
| 2019 | 10.9 | 41.59% |
| 2018 | 7.72 | -28.57% |
| 2017 | 10.8 | -33.24% |
| 2016 | 16.2 | 37.97% |
| 2015 | 11.7 | -36.53% |
| 2014 | 18.5 | -2.07% |
| 2013 | 18.9 | -66.35% |
| 2012 | 56.1 | 204.5% |
| 2011 | 18.4 | -136.44% |
| 2010 | -50.6 | 427.06% |
| 2009 | -9.59 | 1198.91% |
| 2008 | -0.7385 | -114.44% |
| 2007 | 5.11 | -53.34% |
| 2006 | 11.0 | -7.68% |
| 2005 | 11.9 | -173.17% |
| 2004 | -16.2 | 177.2% |
| 2003 | -5.85 | 172.03% |
| 2002 | -2.15 | -114.5% |
| 2001 | 14.8 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fastenal FAST | 34.0 | 79.80% | 🇺🇸 USA |
 H&E Equipment Services HEES | 12.7 | -33.03% | 🇺🇸 USA |
 Terex
TEX | 8.47 | -55.26% | 🇺🇸 USA |
 Oshkosh Corporation
OSK | 15.2 | -19.84% | 🇺🇸 USA |
How to read a P/E ratio?
The Price/Earnings ratio measures the relationship between a company's stock price and its earnings per share. A low but positive P/E ratio stands for a company that is generating high earnings compared to its current valuation and might be undervalued. A company with a high negative (near 0) P/E ratio stands for a company that is generating heavy losses compared to its current valuation.
Companies with a P/E ratio over 30 or a negative one are generaly seen as "growth stocks" meaning that investors typically expect the company to grow or to become profitable in the future.
Companies with a positive P/E ratio bellow 10 are generally seen as "value stocks" meaning that the company is already very profitable and unlikely to strong growth in the future.