Using the PEG framework with analyst consensus forward EPS growth of 15.8%, United Airlines Holdings, Inc. has a fair value of $191.53 based on NTM EPS (FY2026) of $12.16. The current PEG ratio is 0.48.
PEG < 1 = bargain, 1–1.5 = fair, > 2 = expensive.
PEG is most informative for high-growth companies — the PEG sweet spot.
| EPS Growth RateForward | 15.8% |
| Adjusted Growth (clamped 8–25%) | 15.8% |
| Fair P/E | 15.8x |
| NTM EPS (FY2026) | $12.16 |
| Fair Value | $191.53 |
| Period | EPS Est. | Growth | Analysts |
|---|---|---|---|
| FY2025 (actual) | $10.22 | — | — |
| FY2026E | $12.16 | +18.9% | 17 |
| FY2027E | $15.11 | +24.3% | 17 |
| FY2028E | $16.99 | +12.4% | 14 |
| FY2029E | $18.79 | +10.6% | 9 |
| FY2030E | $21.24 | +13.0% | 13 |
5Y Forward EPS CAGR: 15.8%
| Year | Net Income | EPS | YoY |
|---|---|---|---|
| FY2021 | $-2.0B | $-6.10 | — |
| FY2022 | $737.0M | $2.23 | — |
| FY2023 | $2.6B | $7.89 | +253.8% |
| FY2024 | $3.1B | $9.45 | +19.8% |
| FY2025 | $3.4B | $10.22 | +8.1% |
4Y Historical EPS CAGR: 93.9%
The PEG Fair Value uses the Price/Earnings-to-Growth framework. A stock is fairly valued when its P/E ratio equals its earnings growth rate (PEG = 1.0). This model adds dividend yield to the growth rate per the original PEGY formula.
Growth rate priority: analyst consensus forward EPS CAGR (when ≥ 3 analysts cover the stock), falling back to historical EPS CAGR. Using EPS rather than net income avoids distortion from share buybacks. The growth rate is clamped between 8% and 25% — below 8% would undervalue stable earners, while above 25% would overvalue unsustainable spikes.