Latest Ratios: P/E Ratio 277.7x · EV/EBITDA 11.3x · ROE 1.1%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $12.7B | $9.4B | $12.8B | $13.2B | $11.7B | $11.7B | $12.0B | $5.7B | $7.3B | $6.8B | $7.5B |
| Enterprise Value | $19.7B | $16.4B | $19.1B | $18.0B | $15.8B | $16.2B | $16.6B | $11.0B | $11.3B | $9.6B | $10.0B |
| P/E Ratio → | 277.67 | 199.08 | 38.67 | 22.18 | 13.13 | 1.04 | 1.97 | 1.29 | 1.96 | 0.86 | 1.87 |
| P/S Ratio | 2.10 | 1.55 | 2.20 | 2.35 | 1.99 | 2.04 | 2.64 | 1.43 | 1.93 | 1.88 | 2.18 |
| P/B Ratio | 1.72 | 1.23 | 1.71 | 1.85 | 1.80 | 1.97 | 2.48 | 1.35 | 1.97 | 1.98 | 2.85 |
| P/FCF | — | — | — | — | — | — | 127.89 | — | — | — | — |
| P/OCF | 7.05 | 5.22 | 8.81 | 9.12 | 6.76 | 6.01 | 7.82 | 5.30 | 7.46 | 7.22 | 7.32 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.71 | 3.27 | 3.21 | 2.69 | 2.82 | 3.67 | 2.77 | 3.00 | 2.66 | 2.93 |
| EV / EBITDA | 11.25 | 9.37 | 11.23 | 9.91 | 7.18 | 7.62 | 10.24 | 9.15 | 9.40 | 7.25 | 8.19 |
| EV / EBIT | 42.67 | 34.68 | 24.70 | 16.46 | 11.00 | 9.88 | 17.45 | 20.59 | 18.33 | 12.58 | 13.59 |
| EV / FCF | — | — | — | — | — | — | 177.27 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 85.8% | 85.8% | 85.9% | 85.9% | 85.6% | 25.4% | 84.1% | 84.2% | 85.4% | 82.7% | 82.4% |
| Operating Margin | 7.6% | 7.6% | 12.3% | 17.4% | 24.6% | 24.9% | 21.2% | 13.6% | 16.5% | 21.3% | 21.7% |
| Net Profit Margin | 1.4% | 1.4% | 5.7% | 10.6% | 15.2% | 19.6% | 13.4% | 11.1% | 9.8% | 22.0% | 11.6% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 1.1% | 1.1% | 4.5% | 8.7% | 14.3% | 20.8% | 13.5% | 11.2% | 10.4% | 26.2% | 16.4% |
| ROA | 0.4% | 0.4% | 1.7% | 3.2% | 5.0% | 7.0% | 4.3% | 3.5% | 3.3% | 7.8% | 4.5% |
| ROIC | 2.4% | 2.4% | 4.2% | 6.5% | 10.3% | 10.7% | 7.6% | 4.7% | 6.7% | 10.1% | 11.3% |
| ROCE | 2.3% | 2.3% | 4.0% | 5.8% | 9.0% | 10.0% | 7.7% | 4.9% | 6.5% | 9.2% | 10.4% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.07 | 1.07 | 0.97 | 0.88 | 0.95 | 1.21 | 1.20 | 1.38 | 1.27 | 1.05 | 1.25 |
| Debt / EBITDA | 4.65 | 4.65 | 4.26 | 3.48 | 2.80 | 3.39 | 3.59 | 4.83 | 3.90 | 2.70 | 2.66 |
| Net Debt / Equity | — | 0.92 | 0.83 | 0.67 | 0.63 | 0.75 | 0.96 | 1.26 | 1.09 | 0.82 | 0.98 |
| Net Debt / EBITDA | 4.01 | 4.01 | 3.68 | 2.63 | 1.86 | 2.11 | 2.85 | 4.42 | 3.34 | 2.13 | 2.09 |
| Debt / FCF | — | — | — | — | — | — | 49.38 | — | — | — | — |
| Interest Coverage | 1.29 | 1.29 | 2.61 | 4.19 | 6.39 | 10.02 | 5.97 | 3.32 | 4.35 | 6.19 | 7.04 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.92 | 1.92 | 1.45 | 1.65 | 2.03 | 2.14 | 1.24 | 0.90 | 0.79 | 0.73 | 0.75 |
| Quick Ratio | 1.71 | 1.71 | 1.35 | 1.56 | 1.94 | 2.05 | 1.17 | 0.84 | 0.72 | 0.68 | 0.70 |
| Cash Ratio | 1.30 | 1.30 | 0.98 | 1.22 | 1.62 | 1.69 | 0.71 | 0.32 | 0.42 | 0.43 | 0.43 |
| Asset Turnover | — | 0.27 | 0.28 | 0.30 | 0.32 | 0.33 | 0.31 | 0.30 | 0.32 | 0.34 | 0.36 |
| Inventory Turnover | 4.80 | 4.80 | 5.05 | 5.25 | 5.57 | 26.98 | 6.85 | 6.20 | 5.32 | 6.93 | 7.31 |
| Days Sales Outstanding | — | 9.66 | 17.27 | 17.77 | 14.80 | 17.63 | 18.04 | 17.12 | 21.77 | 19.62 | 19.00 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.3% | 0.4% | 0.3% | 0.2% | 0.3% | 0.3% | 0.4% | 0.5% | 0.5% | 0.4% | 0.8% |
| Payout Ratio | 42.5% | 42.5% | 10.6% | 5.3% | 3.8% | 2.6% | 8.0% | 6.7% | 10.6% | 3.7% | 14.7% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 0.4% | 0.5% | 2.6% | 4.5% | 7.6% | 96.0% | 50.9% | 77.6% | 51.0% | 116.9% | 53.4% |
| FCF Yield | — | — | — | — | — | — | 0.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.3% | 0.4% | 0.3% | 0.2% | 0.3% | 0.3% | 0.4% | 0.5% | 0.5% | 0.4% | 0.8% |
| Shares Outstanding | — | $196M | $196M | $196M | $196M | $196M | $196M | $196M | $196M | $196M | $196M |
Cyclical rental demand volatility
Based on current market data, UHAL trades at a P/E of 279.38, which appears to reflect a significant conglomerate discount compared to pure-play storage REITs like Public Storage, suggesting investors are pricing the firm as a cyclical transportation entity rather than a secular real estate growth play.
The elevated P/E ratio relative to the broader industrial sector warrants caution, as it implies high market expectations for earnings recovery that may not materialize if rental volumes remain suppressed. Investors should monitor whether the market eventually re-rates the stock as the self-storage segment becomes a larger, more visible contributor to the consolidated earnings profile.
According to reported financial statements, UHAL's ROIC has struggled to maintain positive momentum, fluctuating between -0.8% and 1.9% over the last ten quarters, which indicates that the company's aggressive capital deployment into fleet and storage assets has yet to generate meaningful returns on invested capital.
The persistent low ROIC suggests that the company is currently in a heavy reinvestment phase, where the cost of capital likely exceeds the returns generated by new storage conversions and fleet upgrades. This trend warrants further investigation into whether the company's long-term strategy will eventually yield a higher compounding effect once the current asset expansion cycle matures.
As reported in recent filings, UHAL's cash conversion cycle has shown extreme volatility, swinging from -280 days in 2024Q3 to 8 days in 2026Q3, which suggests that the company's ability to manage its working capital is highly sensitive to seasonal rental demand and inventory turnover cycles.
The wide variance in the CCC indicates that the company's operational efficiency is heavily dependent on the timing of fleet maintenance and equipment sales. Analysts should interpret these fluctuations as a reflection of the company's unique business model, where the integration of insurance and storage services complicates standard working capital metrics compared to pure-play rental peers.
Based on the company's balance sheet data, the current ratio of 1.92 in 2026Q4 indicates an adequate liquidity buffer, providing the firm with sufficient short-term flexibility to navigate cyclical downturns despite the persistent negative free cash flow observed over the last ten quarters of operations.
While the current ratio appears healthy, the reliance on external financing to cover capital expenditures suggests that liquidity is maintained through debt capacity rather than internal cash generation. Investors should monitor the company's ability to refinance its debt obligations if the current interest rate environment persists or if rental demand experiences a more prolonged contraction.
The most commonly misapplied metric for UHAL is the standard REIT-based FFO multiple, which fails to account for the company's significant exposure to cyclical truck rental operations and the non-recurring nature of equipment sales that frequently distort the underlying profitability of the self-storage business.
Analysts should instead focus on a sum-of-the-parts valuation that separates the stable, high-margin storage business from the more volatile, capital-intensive rental fleet. Relying solely on REIT multiples obscures the true earning power of the company and ignores the unique synergy created by the point-of-presence network, which provides a structural advantage that pure-play storage competitors lack.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UHAL stock.
U-Haul Holding Company's current P/E ratio is 277.7x. The historical average is 25.3x. This places it at the 100th percentile of its historical range.
U-Haul Holding Company's current EV/EBITDA is 11.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 6.2x.
U-Haul Holding Company's return on equity (ROE) is 1.1%. The historical average is 11.4%.
Based on historical data, U-Haul Holding Company is trading at a P/E of 277.7x. This is at the 100th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
U-Haul Holding Company's current dividend yield is 0.27% with a payout ratio of 42.5%.
U-Haul Holding Company has 85.8% gross margin and 7.6% operating margin.
U-Haul Holding Company's Debt/EBITDA ratio is 4.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.