U-Haul Holding Co /NV/
$55.25
−0.68 (−1.22%) · delayed · Nov 13, 2026
Five-year price
52w $41.95 to $76.45
- Market cap
- $10.8B
- Enterprise value
- $17.8B
- P/E
- 130.3×
- EV / EBIT
- 41.2×
- FCF yield
- −12.6%
- ROIC
- 2.2%
- Debt / equity
- 1.07
- Piotroski F
- 4/9
Value scorecard · FY2026
Does it pass the value tests?
Quality
0
- ○ROIC > 12% (5y avg)5y avg ROIC 7.2%
- ○ROE > 15% (5y avg)5y avg ROE 9.6%
- ○Stable operating marginsMargin volatility 64.2% (σ, 5y)
- ○Earnings convert to cashFCF / net income -510% (5y avg)
- ○Growing revenueRevenue CAGR 5y -30.0%
- ○Shrinking share countDiluted shares 900.0% over 5y
Value
20
- ○P/E below 15P/E 130.3
- ○EV/EBIT below 12EV/EBIT 41.2
- ○FCF yield above 6%FCF yield -12.6%
- ○Price below Graham NumberGraham Number $19.24
- ●P/B below 3P/B 1.4
Safety
0
- ○Debt / equity below 0.5D/E 1.07
- ○Debt payable in < 4 yrs of earningsNet debt $7.0B
- ○Interest coverage > 8xCoverage 1.2x
- –Current ratio > 1.5Current ratio n/a
- ○Piotroski F-score ≥ 6F-score 4/9
Graham Defensive
n/a
- ○Adequate size (revenue > $2B)Revenue $0.8B
- –Strong condition (current ratio ≥ 2)Current ratio n/a
- ●Earnings stability (no loss, 10y)10 years of data
- ○Uninterrupted dividendsDividends paid every year on record
- –Earnings growth ≥ 33% (10y, 3y avgs)n/a
- –Moderate P/E (≤ 15 on 3y avg EPS)P/E (3y avg) n/a
- –P/E × P/B ≤ 22.5Product n/a
Valuation lab
What do you have to believe?
A cash-flow valuation isn’t meaningful here: free cash flow is negative or not reported (common for banks, insurers and early-stage companies). Use book value and earnings power instead.
Financial statements
A decade of the record.
USD millions · fiscal years · source: SEC 10-K XBRL
| Line item | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,422 | 3,601 | 3,769 | 3,979 | 4,542 | 699 | 746 | 714 | 735 | 761 |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Operating income | 743 | 765 | 621 | 540 | 961 | 1,646 | 1,446 | 978 | 716 | 433 |
| Operating margin | 21.7% | 21.3% | 16.5% | 13.6% | 21.2% | 235.4% | 193.7% | 136.9% | 97.4% | 56.8% |
| Pre-tax income | 628 | 638 | 478 | 378 | 797 | 1,477 | 1,219 | 840 | 478 | 113 |
| Income tax | 230 | (153) | 107 | (64) | 186 | 352 | 295 | 211 | 110 | 30 |
| Net income | 398 | 791 | 371 | 442 | 611 | 1,124 | 924 | 629 | 367 | 83 |
| EPS (diluted) | — | — | — | — | — | — | — | — | — | — |
| Diluted shares | — | — | — | 20 | 20 | 20 | — | 196 | 196 | 196 |
Who owns it