Start with its own history
At 16.96×, UPS is 39.7% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · UPSIntegrated Freight & LogisticsUpdated Nov 4, 2026
United Parcel Service, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
16.96×
39.7% belowthe 10-year annual average
Share price114.3
÷Earnings per share6.74
Price and EPS in quote currency. Calculation details
Investors are paying 16.96 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 28.12×
3-year average17.97×3 positive annual observations
5-year average16.31×5 positive annual observations
10-year average28.12×10 positive annual observations
Peer median · TTM19.30×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 15.12× | -18.9% |
| Dec 31, 2024 | 18.65× | -7.3% |
| Dec 31, 2023 | 20.13× | +53.6% |
| Dec 31, 2022 | 13.11× | -9.8% |
| Dec 31, 2021 | 14.53× | -86.6% |
| Dec 31, 2020 | 108.65× | +377.1% |
| Dec 31, 2019 | 22.77× | +29.1% |
| Dec 31, 2018 | 17.64× | -16.7% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 21.16× | -28.2% |
| Dec 31, 2016 | 29.47× | +64.8% |
| Dec 31, 2015 | 17.89× | -46.7% |
| Dec 31, 2014 | 33.59× | +48.6% |
| Dec 31, 2013 | 22.60× | -74.3% |
| Dec 31, 2012 | 87.77× | +365.3% |
| Dec 31, 2011 | 18.86× | -8.8% |
| Dec 31, 2010 | 20.68× | -22.1% |
| Dec 31, 2009 | 26.56× | +42.5% |
| Dec 31, 2008 | 18.64× | -90.5% |
| Dec 31, 2007 | 196.44× | +913.9% |
| Dec 31, 2006 | 19.37× | -10.3% |
| Dec 31, 2005 | 21.59× | -25.5% |
| Dec 31, 2004 | 28.97× | -0.1% |
| Dec 31, 2003 | 29.01× | +30.6% |
| Dec 31, 2002 | 22.21× | -13.2% |
| Dec 31, 2001 | 25.59× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How UPS compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 UPS This stockUnited Parcel Service, Inc. | 16.96× |
 FDXFedEx Corporation | 20.45× |
 DHLGYDeutsche Post AG | 18.15× |
 DSDVFDSV A/S | 44.50× |
 KHNGFKuehne + Nagel International AG | 29.72× |
 002352.SZS.F. Holding Co., Ltd. | 15.66× |
 ZTOZTO Express (Cayman) Inc. | 10.79× |
 JDLGFJD Logistics, Inc. | 7.93× |
 9147.TNippon Express Holdings,Inc. | 75.54× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does UPS’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 19.30×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take UPS into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("UPS", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 114.3 ÷ EPS 6.74 = 16.96×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 4, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
UPS P/E ratio: common questions
The essentials behind the numbers.
United Parcel Service, Inc.'s current P/E is 16.96× based on the quote data last updated Nov 4, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.