Question 1

What is United Bankshares's P/E ratio?

Accepted Answer

United Bankshares (UBSI) P/E ratio is 12.1× as of June 5, 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 Bankshares?

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 Bankshares specifically, the relevant sector benchmark is the current sector median of 12.8×.

Question 5

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

Accepted Answer

United Bankshares's P/E ratio of 12.1× is below its own 5-year average of 12.7× and below the sector median of 12.8×. That places the current reading at the 27th 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/E ratio range?

Accepted Answer

In the available daily series, United Bankshares (UBSI) P/E ratio has ranged from a low of 8.2× in 2009 to a high of 24.9× in 2017. The 5-year average is 12.7× and the 5-year median is 13.1×.

Question 7

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

Accepted Answer

United Bankshares (UBSI) P/E ratio at the end of 2025 was 11.6×. 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 Bankshares'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	$5.39B	$464.60M	11.6×	-2.0×	Dec 31, 2025
2024	$5.08B	$373.00M	13.6×	-0.2×	Dec 31, 2024
2023	$5.06B	$366.31M	13.8×	-0.5×	Dec 31, 2023
2022	$5.44B	$379.63M	14.3×	+1.4×	Dec 31, 2022
2021	$4.75B	$367.74M	12.9×	-1.6×	Dec 31, 2021
2020	$4.19B	$289.02M	14.5×	-0.5×	Dec 31, 2020
2019	$3.91B	$260.10M	15.0×	+2.6×	Dec 31, 2019
2018	$3.20B	$256.34M	12.5×	-11.7×	Dec 31, 2018
2017	$3.64B	$150.58M	24.2×	+0.0×	Dec 31, 2017
2016	$3.55B	$147.08M	24.2×	+5.6×	Dec 31, 2016
2015	$2.57B	$137.96M	18.6×	-1.3×	Dec 31, 2015
2014	$2.59B	$129.89M	19.9×	+1.4×	Dec 31, 2014
2013	$1.59B	$85.63M	18.5×	+3.7×	Dec 31, 2013
2012	$1.22B	$82.61M	14.8×	-4.0×	Dec 31, 2012
2011	$1.42B	$75.61M	18.8×	+1.1×	Dec 31, 2011
2010	$1.27B	$71.95M	17.7×	+4.8×	Dec 31, 2010
2009	$867.24M	$67.30M	12.9×	-3.7×	Dec 31, 2009
2008	$1.44B	$86.95M	16.6×	+3.2×	Dec 31, 2008
2007	$1.21B	$90.67M	13.4×	-4.4×	Dec 31, 2007
2006	$1.58B	$89.25M	17.7×	+3.0×	Dec 31, 2006
2005	$1.48B	$100.41M	14.7×	-2.0×	Dec 31, 2005
2004	$1.64B	$97.76M	16.7×	-0.6×	Dec 31, 2004
2003	$1.36B	$78.77M	17.3×	+3.6×	Dec 31, 2003
2002	$1.22B	$88.93M	13.7×	-1.8×	Dec 31, 2002
2001	$1.24B	$79.99M	15.5×	—	Dec 31, 2001


Globe Life (GL-PD)	9.7×
UMB Financial (UMBF)	9.7×
T. Rowe Price (TROW)	9.6×
Everest Re Group (RE)	9.6×
Old Republic International (ORI)	9.5×
First Financial (THFF)	9.3×
Globe Life (GL)	9.3×
The Hartford (HIG)	9.3×
Assured Guaranty (AGO)	8.9×
Cincinnati Financial (CINF)	8.8×
Federal Agricultural Mortgage (AGM)	8.8×
Ally Financial (ALLY)	8.7×
Travelers Companies (TRV)	8.3×
PayPal (PYPL)	8.2×
Farmers & Merchants Bancorp (FMCB)	8.0×
Chesapeake Financial Shares (CPKF)	7.6×
PSB Holdings (PSBQ)	7.5×
Arch Capital Group (ACGL)	7.1×
AXIS Capital Holdings (AXS)	7.0×
Tompkins Financial (TMP)	6.7×
Everest Re Group (EG)	6.5×
Synchrony Financial (SYF)	6.5×
Mercury General (MCY)	5.8×
RenaissanceRe Holdings (RNR)	4.5×
Allstate (ALL)	4.4×

P/E Ratio for United Bankshares (UBSI)

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

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

About P/E Ratio at United Bankshares (UBSI)

United Bankshares P/E Ratio by Year

United Bankshares P/E Ratio 2025: 11.6×

United Bankshares P/E Ratio 2024: 13.6×

United Bankshares P/E Ratio 2023: 13.8×

United Bankshares P/E Ratio 2022: 14.3×

United Bankshares P/E Ratio 2021: 12.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

United Bankshares (UBSI) Key Financials

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

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

About P/E Ratio at United Bankshares (UBSI)

United Bankshares P/E Ratio by Year

United Bankshares P/E Ratio 2025: 11.6×

United Bankshares P/E Ratio 2024: 13.6×

United Bankshares P/E Ratio 2023: 13.8×

United Bankshares P/E Ratio 2022: 14.3×

United Bankshares P/E Ratio 2021: 12.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

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

+How is the P/E ratio calculated?

+What is the P/E ratio?

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

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

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

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

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

United Bankshares (UBSI) Key Financials