P/E ratio for United Rentals (URI)
P/E ratio as of June 2023 (TTM): 11.9
According to United Rentals 's latest financial reports and stock price the company's current price-to-earnings ratio (TTM) is 11.8553. At the end of 2021 the company had a P/E ratio of 17.4.
P/E ratio history for United Rentals from 2001 to 2022
PE ratio at the end of each year
| Year | P/E ratio | Change |
|---|---|---|
| 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 | |
| 2012 | 56.1 |
P/E ratio for similar companies or competitors
| Company | P/E ratio | P/E ratio differencediff. | Country |
|---|---|---|---|
 Fastenal FAST | 27.7 | 133.41% | 🇺🇸 USA |
 H&E Equipment Services HEES | 10.5 | -11.82% | 🇺🇸 USA |
 Terex
TEX | 10.2 | -13.83% | 🇺🇸 USA |
 Oshkosh Corporation
OSK | 34.1 | 187.24% | 🇺🇸 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.