United Rentals (FRA:UR3) Forward PE Ratio : 16.08 (As of Apr. 28, 2024)

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What is United Rentals Forward PE Ratio?

United Rentals's Forward PE Ratio for today is 16.08.

United Rentals's PE Ratio without NRI for today is 18.04.

United Rentals's PE Ratio for today is 18.73.

United Rentals Forward PE Ratio Historical Data

The historical data trend for United Rentals's Forward PE Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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United Rentals Forward PE Ratio Chart

United Rentals Annual Data

Trend

2015-12

2016-12

2017-12

2018-12

2019-12

2020-12

2021-12

2022-12

2023-12

2024-04

Forward PE Ratio

8.14

11.81

14.58

5.88

8.69

13.53

13.62

9.84

13.53

16.00

United Rentals Quarterly Data
	2015-12	2016-03	2016-06	2016-09	2016-12	2017-03	2017-06	2017-09	2017-12	2018-03	2018-06	2018-09	2018-12	2019-03	2019-06	2019-09	2019-12	2020-03	2020-06	2020-09	2020-12	2021-03	2021-06	2021-09	2021-12	2022-03	2022-06	2022-09	2022-12	2023-03	2023-06	2023-09	2023-12	2024-03
Forward PE Ratio	8.14	6.70	8.78	8.94	11.81	13.79	11.67	13.05	14.58	12.72	9.81	9.51	5.88	5.92	6.83	6.35	8.69	4.66	11.75	10.70	13.53	17.39	16.03	14.79	13.62	13.68	9.13	8.27	9.84	9.76	11.16	10.57	13.53	16.72

Competitive Comparison of United Rentals's Forward PE Ratio

For the Rental & Leasing Services subindustry, United Rentals's Forward PE Ratio, along with its competitors' market caps and Forward PE Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

United Rentals's Forward PE Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, United Rentals's Forward PE Ratio distribution charts can be found below:

* The bar in red indicates where United Rentals's Forward PE Ratio falls into.

United Rentals Forward PE Ratio Calculation

It's a measure of the price-to-earnings ratio (PE Ratio) using forecasted earnings for the calculation. While the earnings used are just an estimate and are not as reliable as current earnings data, there is still benefit in estimated P/E analysis. The forecasted earnings used in the formula can either be for the next 12 months or for the next full-year fiscal period.

United Rentals (FRA:UR3) Forward PE Ratio Explanation

The Forward PE Ratio of a company is often used to compare current earnings to estimated future earnings, as well as gaining a clearer picture of what earnings will look like without charges and other accounting adjustments. If earnings are expected to grow in the future, the Forward PE Ratio will be lower than the current PE Ratio. This measure is also used to compare one company to another with a forward-looking focus.

Trailing PE Ratio relies on what is already done. It uses the current share price and divides by the total EPS (Basic) over the past 12 months. PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than PE Ratio .

United Rentals Forward PE Ratio Related Terms

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United Rentals (FRA:UR3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » United Rentals Inc (FRA:UR3) » Definitions » Forward PE Ratio

Comparable Companies

Traded in Other Exchanges

URI:USA U1RI34:Brazil

Address

100 First Stamford Place, Suite 700, Stamford, CT, USA, 06902

Website

https://www.unitedrentals.com

United Rentals is the world's largest equipment rental company. It principally operates in the United States and Canada, where it commands approximately 17% share in a highly fragmented market. It serves three end markets: general industrial, commercial construction, and residential construction. Like its peers, United Rentals historically has provided its customers with equipment that was intermittently used, such as aerial equipment and portable generators. As the company has grown organically and through hundreds of acquisitions since it went public in 1997, its catalog (fleet size of $21 billion) now includes a range of specialty equipment and other items that can be rented for indefinitely long periods.

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