Question 1

What is United Parcel Service's P/E ratio?

Accepted Answer

United Parcel Service (UPS) P/E ratio is 18.8× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for United Parcel Service?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For United Parcel Service specifically, the relevant sector benchmark is the current sector median of 27.8×.

Question 5

Is United Parcel Service's P/E ratio high or low?

Accepted Answer

United Parcel Service's P/E ratio of 18.8× is above its own 5-year average of 17.5× and below the sector median of 27.8×. That places the current reading at the 71th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is United Parcel Service's historical P/E ratio range?

Accepted Answer

In the available daily series, United Parcel Service (UPS) P/E ratio has ranged from a low of 11.6× in 2023 to a high of 585.8× in 2008. The 5-year average is 17.5× and the 5-year median is 15.8×.

Question 7

What was United Parcel Service's P/E ratio in 2025?

Accepted Answer

United Parcel Service (UPS) P/E ratio at the end of 2025 was 15.1×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

Why does United Parcel Service's P/E ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$84.2B	$5.57B	15.1×	-3.5×	Dec 31, 2025
2024	$108B	$5.78B	18.6×	-1.4×	Dec 31, 2024
2023	$135B	$6.71B	20.1×	+7.0×	Dec 31, 2023
2022	$151B	$11.5B	13.1×	-1.5×	Dec 31, 2022
2021	$188B	$12.9B	14.5×	-88.2×	Dec 31, 2021
2020	$147B	$1.43B	102.8×	+80.0×	Dec 31, 2020
2019	$101B	$4.44B	22.8×	+5.1×	Dec 31, 2019
2018	$84.4B	$4.79B	17.6×	-3.5×	Dec 31, 2018
2017	$103B	$4.9B	21.1×	-8.2×	Dec 31, 2017
2016	$100B	$3.43B	29.3×	+11.5×	Dec 31, 2016
2015	$85.9B	$4.84B	17.7×	-15.6×	Dec 31, 2015
2014	$101B	$3.03B	33.3×	+11.0×	Dec 31, 2014
2013	$97.5B	$4.37B	22.3×	-65.0×	Dec 31, 2013
2012	$70.4B	$807M	87.3×	+68.9×	Dec 31, 2012
2011	$70.4B	$3.83B	18.4×	-2.3×	Dec 31, 2011
2010	$72B	$3.49B	20.6×	-5.9×	Dec 31, 2010
2009	$57.1B	$2.15B	26.5×	+8.2×	Dec 31, 2009
2008	$55B	$3B	18.3×	-174.5×	Dec 31, 2008
2007	$73.6B	$382M	192.8×	+173.8×	Dec 31, 2007
2006	$80B	$4.2B	19.0×	-2.2×	Dec 31, 2006
2005	$82.3B	$3.87B	21.3×	-7.7×	Dec 31, 2005
2004	$96.6B	$3.33B	29.0×	+0.0×	Dec 31, 2004
2003	$83.9B	$2.9B	29.0×	+6.6×	Dec 31, 2003
2002	$71.1B	$3.18B	22.4×	—	Dec 31, 2002


General Dynamics (GD)	21.9×
Pentair (PNR)	21.1×
Lennox International (LII)	20.6×
Copart (CPRT)	20.4×
Union Pacific (UNP)	19.9×
Allegion (ALLE)	19.7×
Alamo Group (ALG)	19.6×
Andersons (ANDE)	19.0×
Carlisle Companies (CSL)	18.8×
Snap-on (SNA)	18.5×
Brady (BRC)	18.5×
Canadian National Railway (CNI)	18.4×
FedEx (FDX)	18.4×
Pool (POOL)	18.1×
McGrath RentCorp (MGRC)	17.5×
Honeywell International (HON)	17.5×
A. O. Smith (AOS)	17.4×
Textron (TXT)	16.6×
Northrop Grumman (NOC)	16.1×
Delta Air Lines (DAL)	15.5×
ABM Industries (ABM)	15.2×
Masco (MAS)	14.6×
Upwork (UPWK)	12.9×
United Airlines Holdings (UAL)	12.7×
AGCO (AGCO)	10.9×

P/E Ratio for United Parcel Service (UPS) 2002-2026

P/E Ratio daily chart for United Parcel Service (UPS)

Historical P/E Ratio for United Parcel Service (UPS) from 2002 to 2025

About P/E Ratio at United Parcel Service (UPS)

United Parcel Service P/E Ratio by Year

United Parcel Service P/E Ratio 2025: 15.1×

United Parcel Service P/E Ratio 2024: 18.6×

United Parcel Service P/E Ratio 2023: 20.1×

United Parcel Service P/E Ratio 2022: 13.1×

United Parcel Service P/E Ratio 2021: 14.5×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

United Parcel Service (UPS) Key Financials