Latest Ratios: P/E Ratio 12.1x · EV/EBITDA 19.3x · ROE 11.6%. (1996–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $94M | $83M | $72M | $70M | $81M | $91M | $72M | $79M | $57M | $66M | $68M |
| Enterprise Value | $179M | $168M | $185M | $158M | $92M | $48M | $57M | $134M | $44M | $77M | $110M |
| P/E Ratio → | 12.13 | 10.71 | 10.24 | 8.18 | 9.75 | 10.28 | 9.55 | 12.02 | 13.94 | 18.66 | 19.01 |
| P/S Ratio | 1.98 | 1.76 | 1.64 | 1.72 | 2.54 | 3.00 | 2.08 | 2.56 | 2.27 | 3.13 | 3.33 |
| P/B Ratio | 1.34 | 1.18 | 1.13 | 1.11 | 1.35 | 1.27 | 1.05 | 1.32 | 1.12 | 1.50 | 1.59 |
| P/FCF | — | — | — | 8.41 | 10.13 | 12.31 | 10.50 | 10.85 | 11.39 | 17.44 | 35.27 |
| P/OCF | 9.44 | 8.38 | 8.52 | 7.45 | 9.52 | 11.14 | 7.68 | 9.17 | 9.84 | 14.45 | 16.21 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.54 | 4.20 | 3.86 | 2.91 | 1.57 | 1.64 | 4.34 | 1.75 | 3.65 | 5.39 |
| EV / EBITDA | 19.30 | 18.16 | 21.66 | 14.86 | 8.64 | 3.98 | 5.73 | 15.62 | 7.16 | 11.81 | 18.29 |
| EV / EBIT | 21.62 | 20.34 | 25.31 | 16.65 | 9.70 | 4.46 | 6.60 | 18.13 | 8.59 | 13.76 | 21.23 |
| EV / FCF | — | — | — | 18.86 | 11.60 | 6.42 | 8.27 | 18.44 | 8.78 | 20.32 | 57.06 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 67.4% | 67.4% | 65.8% | 74.2% | 92.7% | 95.6% | 76.6% | 77.3% | 86.1% | 91.2% | 89.7% |
| Operating Margin | 17.4% | 17.4% | 16.6% | 23.2% | 30.0% | 35.1% | 24.8% | 24.0% | 20.4% | 26.5% | 25.4% |
| Net Profit Margin | 16.3% | 16.3% | 16.8% | 21.9% | 27.3% | 31.1% | 23.0% | 22.0% | 17.2% | 16.8% | 17.6% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 11.6% | 11.6% | 11.7% | 14.5% | 13.2% | 13.5% | 12.4% | 12.3% | 9.1% | 8.2% | 8.5% |
| ROA | 0.9% | 0.9% | 0.9% | 1.1% | 1.2% | 1.3% | 1.2% | 1.1% | 0.8% | 0.8% | 0.8% |
| ROIC | 3.1% | 3.1% | 2.8% | 4.9% | 6.7% | 7.4% | 5.5% | 5.8% | 5.8% | 5.1% | 4.3% |
| ROCE | 4.6% | 4.6% | 4.2% | 7.5% | 10.6% | 11.2% | 7.8% | 8.2% | 9.3% | 8.1% | 7.1% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.86 | 1.86 | 2.08 | 2.02 | 0.70 | 0.55 | 0.53 | 1.17 | 0.24 | 0.57 | 1.25 |
| Debt / EBITDA | 14.18 | 14.18 | 15.51 | 12.06 | 3.91 | 3.29 | 3.67 | 8.17 | 2.02 | 3.87 | 8.91 |
| Net Debt / Equity | — | 1.20 | 1.77 | 1.38 | 0.20 | -0.61 | -0.22 | 0.92 | -0.26 | 0.25 | 0.98 |
| Net Debt / EBITDA | 9.15 | 9.15 | 13.21 | 8.23 | 1.10 | -3.64 | -1.55 | 6.43 | -2.12 | 1.68 | 6.98 |
| Debt / FCF | — | — | — | 10.45 | 1.47 | -5.88 | -2.23 | 7.59 | -2.61 | 2.88 | 21.79 |
| Interest Coverage | 0.55 | 0.55 | 0.50 | 0.86 | 2.91 | 4.11 | 1.81 | 1.21 | 1.60 | 3.17 | 2.89 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.25 | 0.25 | 0.22 | 0.33 | 0.37 | 0.37 | 0.35 | 0.37 | 0.28 | 0.15 | 0.15 |
| Quick Ratio | 0.25 | 0.25 | 0.22 | 0.33 | 0.37 | 0.37 | 0.35 | 0.37 | 0.28 | 0.15 | 0.15 |
| Cash Ratio | 0.07 | 0.07 | 0.03 | 0.06 | 0.04 | 0.13 | 0.09 | 0.03 | 0.05 | 0.04 | 0.03 |
| Asset Turnover | — | 0.06 | 0.05 | 0.05 | 0.04 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.8% | 6.6% | 7.1% | 6.8% | 5.6% | 4.5% | 4.7% | 4.1% | 5.7% | 4.2% | 3.8% |
| Payout Ratio | 70.7% | 70.7% | 69.1% | 53.5% | 52.7% | 43.4% | 42.3% | 47.4% | 75.2% | 78.1% | 70.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.2% | 9.3% | 9.8% | 12.2% | 10.3% | 9.7% | 10.5% | 8.3% | 7.2% | 5.4% | 5.3% |
| FCF Yield | — | — | — | 11.9% | 9.9% | 8.1% | 9.5% | 9.2% | 8.8% | 5.7% | 2.8% |
| Buyback Yield | 0.3% | 0.4% | 1.0% | 1.0% | 1.0% | 0.1% | 0.7% | 0.5% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 6.1% | 7.0% | 8.1% | 7.8% | 6.6% | 4.6% | 5.4% | 4.6% | 5.7% | 4.2% | 3.8% |
| Shares Outstanding | — | $6M | $6M | $5M | $5M | $5M | $5M | $6M | $5M | $5M | $5M |
Localized geographic credit concentration
Based on a P/B ratio of 1.33, United Bancorp trades at a premium relative to several regional peers, suggesting that the market may be pricing in the durability of its localized Ohio Valley deposit franchise despite the lack of significant recent balance sheet expansion.
The current valuation multiple appears to reflect investor confidence in the bank's stable, relationship-based lending model rather than its growth prospects. Investors should monitor whether this premium is sustainable given the bank's modest ROE, which may struggle to justify such a valuation if regional economic conditions in its core counties deteriorate.
According to quarterly financial data, the bank's ROE has remained constrained in the 2.8% to 4.1% range, indicating that profitability is primarily driven by a stable net interest margin rather than aggressive leverage or significant non-interest income contributions to the bottom line.
The decomposition of profitability suggests that UBCP operates as a traditional, low-leverage depository institution. The reliance on interest income, combined with limited non-interest fee generation, implies that the bank's earnings quality is highly sensitive to interest rate cycles and the local competitive environment for deposits.
As reported in recent financial statements, the efficiency ratio has fluctuated between 46.1% and 53.8%, demonstrating that management maintains tight control over operating expenses to preserve margins in an environment where net interest margins have remained relatively flat at approximately 0.8%.
This efficiency profile suggests a lean operating model that is well-suited for a community bank, though it leaves little room for error if wage inflation or technology investment needs increase. The ability to maintain these ratios while navigating a competitive funding landscape warrants further investigation into branch-level productivity.
Based on the reported equity-to-assets ratio of approximately 8%, United Bancorp maintains a stable capital buffer that appears sufficient to absorb localized credit shocks, reflecting a management strategy that prioritizes balance sheet preservation over the aggressive capital return programs seen at larger regional banking institutions.
The bank's capital position is consistent with its conservative risk profile and low debt-to-equity ratio of 1.86%. While this provides a fortress-like stability, it may also indicate that the bank is under-utilizing its capital base, potentially limiting the return on equity that shareholders might otherwise expect.
Investors frequently misapply the P/E ratio to United Bancorp, which obscures the impact of volatile loan loss provisions and non-recurring investment security gains that can artificially distort earnings, making the Price-to-Tangible-Book (P/TBV) ratio a far more reliable metric for assessing the bank's true valuation.
Because P/E ratios are highly sensitive to accounting estimates like credit loss provisions, they often fail to capture the underlying health of a bank's balance sheet. Analysts should prioritize P/TBV to better understand the market's valuation of the bank's core capital, especially given the potential for unrealized losses in the securities portfolio.
Includes 30+ ratios · 30 years · Updated daily
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Quick answers to the most common questions about buying UBCP stock.
United Bancorp, Inc.'s current P/E ratio is 12.1x. The historical average is 15.1x. This places it at the 23th percentile of its historical range.
United Bancorp, Inc.'s current EV/EBITDA is 19.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.7x.
United Bancorp, Inc.'s return on equity (ROE) is 11.6%. The historical average is 10.1%.
Based on historical data, United Bancorp, Inc. is trading at a P/E of 12.1x. This is at the 23th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
United Bancorp, Inc.'s current dividend yield is 5.80% with a payout ratio of 70.7%.
United Bancorp, Inc. has 67.4% gross margin and 17.4% operating margin. Operating margin between 10-20% is typical for established companies.
United Bancorp, Inc.'s Debt/EBITDA ratio is 14.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.