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Commercial Banks

UBL United Bank Limited

Latest results: FY2025 · Dec 2025

Watch UBL · free results alerts

Last close · 16 Oct 2026

Rs 412.53 +0.45%

Valuation · at the close on 16 Oct 2026

United Bank Limited (UBL) valuation

At Rs 412.53 (close on 16 Oct 2026) UBL trades at 7.9× earnings (FY2025), above its five-year average of 5.5× and above the Commercial Banks median of 6.1×. The shares are priced at 2.04× book value (sector median 0.91×). The dividend yield is 7.2%, against a five-year average of 11.0%.

P/E · today
7.9×
FY2025
5-yr average5.5× Sector median6.1×
P/B · today
2.04×
FY2025
5-yr average1.32× Sector median0.91×
Dividend yield · today
7.2%
FY2025
5-yr average11.0% Payers' median9.4%

Market value Rs 1.03 tn at Rs 412.53. Sector medians use the latest close of 19 Commercial Banks companies; P/E and P/B only where earnings / book value are positive; the yield median covers dividend payers only. Not investment advice.

P/E history P/E at fiscal year-end 5-year average
P/E history 11.4× 5.7× 0.0× P/E at fiscal year-end FY16: 10.5× P/E at fiscal year-end FY17: 8.9× P/E at fiscal year-end FY18: 9.6× P/E at fiscal year-end FY19: 9.9× P/E at fiscal year-end FY20: 7.4× P/E at fiscal year-end FY21: 5.5× P/E at fiscal year-end FY22: 3.9× P/E at fiscal year-end FY23: 3.9× P/E at fiscal year-end FY24: 6.3× P/E at fiscal year-end FY25: 8.1× FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25

Valuation history

At each fiscal year-end price.

UBL valuation history (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016 FY2015 Jan – Dec 2015 FY2014 Jan – Dec 2014 FY2013 Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 Jan – Dec 2010 FY2009 Jan – Dec 2009 FY2008 Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006
Market capitalisation 1,063.3 467.9 217.7 123.3 167.2 154.1 201.4 150.1 230.1 292.5 189.7 216.3 162.3 102.4 64.1 83.5 65.0 37.3 139.9 99.4
Share price (period end) Rs 424.59 191.12 88.92 50.38 68.29 62.93 82.25 61.32 93.99 119.45 77.48 88.36 66.28 41.84 26.20 34.12 26.57 15.25 57.16 40.60
P/E (diluted) 8.14× 6.25× 3.95× 3.91× 5.49× 7.35× 9.91× 9.62× 8.87× 10.53× 7.25× 9.15× 8.41× 5.35× 4.32× 7.57× 6.83× 4.47× 15.59× 8.34×
Price to book 2.10× 1.46× 0.80× 0.56× 0.76× 0.77× 1.10× 0.92× 1.36× 1.84× 1.26× 1.63× 1.51× 1.03× 0.76× 1.15× 1.00× 0.79× 3.06× 2.53×
Dividend yield (gross) 6.4% 11.5% 23.6% 18.9% 15.7% 5.2% 6.7% 9.8% 6.9% 5.4% 8.4% 6.5% 7.2% 13.1% 10.5% 4.8% 1.6% 10.6% 1.4% 1.6%
PEG ratio 0.12× 0.18× 0.05× 1.15× 0.12× 2.36× 0.33× (0.24×) (1.34×) 1.69× 0.68× 0.40× 12.65× 0.18× 0.12× 0.48× 0.49× (0.64×) (0.63×) 0.33×
P/E (diluted, normalised) 8.18× 6.28× 4.43× 2.71× 5.83× 7.07× 9.42× 6.39× 8.63× 10.20× 7.06× 8.97× 8.41× 5.24× 4.21× 7.37× 3.66× 3.65× 15.60× 8.28×
Price to book — 5-year average 1.32× 0.92× 0.79× 0.81× 0.97× 1.18× 1.29× 1.39× 1.52× 1.48× 1.28× 1.26× 1.11× 0.95× 1.23× 1.57× 1.71× — — —
Dividend yield — 5-year average 11.0% 14.4% 14.2% 10.8% 8.7% 6.6% 7.1% 7.1% 6.7% 7.4% 8.4% 7.9% 7.7% 8.3% 4.5% 2.9% 2.1% — — —

UBL valuation: frequently asked questions

What is UBL's P/E ratio?

At the closing price of Rs 412.53 on 16 Oct 2026, UBL trades at a P/E of 7.9× based on EPS of Rs 52.13 (FY2025).

What is UBL's book value per share?

United Bank Limited's book value per share was Rs 201.75 at the end of FY2025. The shares trade at 2.04× book value.

Information only, not investment advice.