Question 1

What is United Bankshares's P/B ratio?

Accepted Answer

United Bankshares (UBSI) P/B ratio is 1.1× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. 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/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for United Bankshares?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For United Bankshares specifically, the relevant sector benchmark is the current sector median of 1.7×.

Question 5

Is United Bankshares's P/B ratio high or low?

Accepted Answer

United Bankshares's P/B ratio of 1.1× is above its own 5-year average of 1.0× and below the sector median of 1.7×. That places the current reading at the 84th 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 Bankshares's historical P/B ratio range?

Accepted Answer

In the available daily series, United Bankshares (UBSI) P/B ratio has ranged from a low of 0.7× in 2020 to a high of 2.6× in 2004. The 5-year average is 1.0× and the 5-year median is 1.0×.

Question 7

What was United Bankshares's P/B ratio in 2025?

Accepted Answer

United Bankshares (UBSI) P/B ratio at the end of 2025 was 1.0×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does United Bankshares's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). 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	$5.39B	$5.50B	1.0×	-0.0×	Dec 31, 2025
2024	$5.08B	$4.99B	1.0×	-0.0×	Dec 31, 2024
2023	$5.06B	$4.77B	1.1×	-0.1×	Dec 31, 2023
2022	$5.44B	$4.52B	1.2×	+0.2×	Dec 31, 2022
2021	$4.75B	$4.72B	1.0×	+0.0×	Dec 31, 2021
2020	$4.19B	$4.30B	1.0×	-0.2×	Dec 31, 2020
2019	$3.91B	$3.36B	1.2×	+0.2×	Dec 31, 2019
2018	$3.20B	$3.25B	1.0×	-0.1×	Dec 31, 2018
2017	$3.64B	$3.24B	1.1×	-0.5×	Dec 31, 2017
2016	$3.55B	$2.24B	1.6×	+0.1×	Dec 31, 2016
2015	$2.57B	$1.71B	1.5×	-0.1×	Dec 31, 2015
2014	$2.59B	$1.66B	1.6×	+0.0×	Dec 31, 2014
2013	$1.59B	$1.04B	1.5×	+0.3×	Dec 31, 2013
2012	$1.22B	$992.25M	1.2×	-0.2×	Dec 31, 2012
2011	$1.42B	$968.84M	1.5×	-0.1×	Dec 31, 2011
2010	$1.27B	$793.01M	1.6×	+0.5×	Dec 31, 2010
2009	$867.24M	$761.55M	1.1×	-0.8×	Dec 31, 2009
2008	$1.44B	$736.71M	2.0×	+0.4×	Dec 31, 2008
2007	$1.21B	$761.20M	1.6×	-0.9×	Dec 31, 2007
2006	$1.58B	$634.09M	2.5×	+0.2×	Dec 31, 2006
2005	$1.48B	$635.21M	2.3×	-0.3×	Dec 31, 2005
2004	$1.64B	$631.51M	2.6×	+0.4×	Dec 31, 2004
2003	$1.36B	$615.19M	2.2×	-0.0×	Dec 31, 2003
2002	$1.22B	$541.54M	2.2×	-0.2×	Dec 31, 2002
2001	$1.24B	$506.53M	2.4×	—	Dec 31, 2001


Chesapeake Financial Shares (CPKF)	1.1×
UMB Financial (UMBF)	1.1×
RenaissanceRe Holdings (RNR)	1.1×
KeyCorp (KEY)	1.1×
Southside Bancshares (SBSI)	1.1×
Prudential Financial (PRU)	1.1×
Alerus Financial (ALRS)	1.0×
Capital One Financial (COF)	1.0×
Franklin Resources (BEN)	1.0×
Atlantic Union Bankshares (AUB)	1.0×
American International Group (AIG)	1.0×
Eagle Financial Services (EFSI)	1.0×
Everest Re Group (RE)	1.0×
Citizens Financial Group (CFG)	1.0×
Citigroup (C)	0.9×
Ares Capital (ARCC)	0.9×
Huntington Bancshares (HBAN)	0.9×
Auburn National Bancorporation (AUBN)	0.9×
Invesco (IVZ)	0.9×
Truist Financial (TFC)	0.9×
Everest Re Group (EG)	0.9×
PSB Holdings (PSBQ)	0.8×
Ally Financial (ALLY)	0.8×
Global Payments (GPN)	0.7×
Assured Guaranty (AGO)	0.7×

P/B Ratio for United Bankshares (UBSI)

P/B Ratio daily chart for United Bankshares (UBSI)

Historical P/B Ratio for United Bankshares (UBSI) from 2001 to 2025

About P/B Ratio at United Bankshares (UBSI)

United Bankshares P/B Ratio by Year

United Bankshares P/B Ratio 2025: 1.0×

United Bankshares P/B Ratio 2024: 1.0×

United Bankshares P/B Ratio 2023: 1.1×

United Bankshares P/B Ratio 2022: 1.2×

United Bankshares P/B Ratio 2021: 1.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

United Bankshares (UBSI) Key Financials

P/B Ratio daily chart for United Bankshares (UBSI)

Historical P/B Ratio for United Bankshares (UBSI) from 2001 to 2025

About P/B Ratio at United Bankshares (UBSI)

United Bankshares P/B Ratio by Year

United Bankshares P/B Ratio 2025: 1.0×

United Bankshares P/B Ratio 2024: 1.0×

United Bankshares P/B Ratio 2023: 1.1×

United Bankshares P/B Ratio 2022: 1.2×

United Bankshares P/B Ratio 2021: 1.0×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

+What is United Bankshares's P/B ratio?

+How is the P/B ratio calculated?

+What is the P/B ratio?

+What is a good P/B ratio for United Bankshares?

+Is United Bankshares's P/B ratio high or low?

+What is United Bankshares's historical P/B ratio range?

+What was United Bankshares's P/B ratio in 2025?

+Why does United Bankshares's P/B ratio change over time?

United Bankshares (UBSI) Key Financials