United Bankshares, Inc. (UBSI) Financial Ratios
30 years of historical data (1996–2025) · Financial Services · Banks - Regional
EV/EBITDA
↑
7.56
↓-12% vs avg
5yr avg: 8.61
30Y Low4.2·High22.7
P/FCF
↑
12.64
↑+26% vs avg
5yr avg: 10.04
30Y Low4.6·High32.0
P/B Ratio
↓
1.12
+6% vs avg
5yr avg: 1.05
30Y Low0.9·High2.7
ROE
↑
8.9%
↓+9% vs avg
5yr avg: 8.2%
30Y Low5%·High17%
Debt/EBITDA
↓
1.56
↓-47% vs avg
5yr avg: 2.92
30Y Low1.6·High13.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
UBSI Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
United Bankshares, Inc. trades at 13.3x earnings, roughly in line with its 5-year average of 13.3x, sitting at the 17th percentile of its historical range. This is roughly in line with the Financial Services sector median P/E of 13.3x. On a free-cash-flow basis, the stock trades at 12.6x P/FCF, 26% above the 5-year average of 10.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $6.1B | $5.4B | $5.1B | $5.1B | $5.5B | $4.7B | $3.9B | $3.9B | $3.2B | $3.4B | $3.4B |
| Enterprise Value | $4.5B | $3.8B | $3.6B | $5.5B | $6.7B | $2.0B | $2.8B | $5.4B | $4.1B | $3.6B | $3.4B |
| P/E Ratio → | 13.32 | 11.74 | 13.65 | 13.81 | 14.46 | 12.82 | 13.50 | 15.16 | 12.65 | 22.56 | 23.24 |
| P/S Ratio | 3.34 | 2.97 | 3.14 | 3.31 | 4.78 | 4.44 | 3.42 | 4.32 | 3.86 | 4.51 | 6.34 |
| P/B Ratio | 1.12 | 0.99 | 1.02 | 1.06 | 1.21 | 1.00 | 0.91 | 1.17 | 1.00 | 1.05 | 1.53 |
| P/FCF | 12.64 | 11.25 | 11.74 | 11.95 | 7.35 | 7.91 | 32.04 | 27.95 | 11.32 | 14.20 | 20.91 |
| P/OCF | 12.19 | 10.85 | 11.42 | 11.63 | 7.19 | 7.71 | 27.70 | 25.91 | 11.09 | 13.40 | 20.02 |
P/E links to full P/E history page with 30-year chart
UBSI EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
United Bankshares, Inc.'s enterprise value stands at 7.6x EBITDA, 12% below its 5-year average of 8.6x. The Financial Services sector median is 11.4x, placing the stock at a 34% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.08 | 2.22 | 3.62 | 5.87 | 1.86 | 2.43 | 5.90 | 4.84 | 4.75 | 6.25 |
| EV / EBITDA | 7.56 | 6.43 | 7.58 | 11.38 | 13.47 | 4.19 | 8.05 | 17.68 | 13.31 | 13.59 | 15.73 |
| EV / EBIT | 7.56 | 6.43 | 7.75 | 11.95 | 14.14 | 4.27 | 7.68 | 16.57 | 12.46 | 12.56 | 15.11 |
| EV / FCF | — | 7.88 | 8.31 | 13.08 | 9.05 | 3.32 | 22.75 | 38.15 | 14.21 | 14.93 | 20.59 |
UBSI Profitability
Margins and return-on-capital ratios measuring operating efficiency
United Bankshares, Inc. earns an operating margin of 32.4%, above the Financial Services sector average of 21.4%. Operating margins have expanded from 30.3% to 32.4% over the past 3 years, signaling improving operational efficiency. ROE of 8.9% is modest, trailing the sector median of 9.5%. ROIC of 7.2% represents adequate returns on invested capital versus a sector median of 5.7%.
Margins
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 | 65.4% | 65.4% | 62.0% | 66.5% | 89.1% | 97.3% | 81.1% | 77.4% | 82.0% | 86.3% | 87.1% |
| Operating Margin | 32.4% | 32.4% | 28.7% | 30.3% | 41.5% | 43.7% | 31.6% | 35.6% | 38.9% | 37.8% | 41.3% |
| Net Profit Margin | 25.5% | 25.5% | 23.0% | 24.0% | 33.1% | 34.7% | 25.4% | 28.6% | 30.5% | 20.0% | 27.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 8.9% | 7.6% | 7.9% | 8.2% | 8.2% | 7.5% | 7.9% | 7.9% | 5.5% | 7.5% |
| ROA | 1.5% | 1.5% | 1.2% | 1.2% | 1.3% | 1.3% | 1.3% | 1.3% | 1.3% | 0.9% | 1.1% |
| ROIC | 7.2% | 7.2% | 5.5% | 5.0% | 5.6% | 6.2% | 4.9% | 4.5% | 4.8% | 4.9% | 4.9% |
| ROCE | 3.0% | 3.0% | 7.4% | 6.9% | 7.6% | 8.5% | 6.7% | 6.2% | 6.8% | 7.0% | 7.2% |
UBSI Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
United Bankshares, Inc. carries a Debt/EBITDA ratio of 1.6x, which is manageable (62% below the sector average of 4.1x). The company holds a net cash position — cash of $2.5B exceeds total debt of $921M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of just 1.0x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.16 | 0.44 | 0.54 | 0.22 | 0.25 | 0.68 | 0.57 | 0.57 | 0.62 |
| Debt / EBITDA | 1.56 | 1.56 | 1.69 | 4.27 | 4.87 | 2.19 | 3.15 | 7.48 | 6.05 | 7.00 | 6.46 |
| Net Debt / Equity | — | -0.29 | -0.30 | 0.10 | 0.28 | -0.58 | -0.26 | 0.43 | 0.26 | 0.05 | -0.02 |
| Net Debt / EBITDA | -2.75 | -2.75 | -3.13 | 0.99 | 2.52 | -5.79 | -3.29 | 4.73 | 2.71 | 0.67 | -0.24 |
| Debt / FCF | — | -3.37 | -3.43 | 1.13 | 1.69 | -4.59 | -9.29 | 10.20 | 2.90 | 0.74 | -0.32 |
| Interest Coverage | 1.01 | 1.01 | 0.79 | 0.96 | 4.51 | 8.84 | 3.31 | 1.76 | 2.53 | 3.81 | 4.95 |
Net cash position: cash ($2.5B) exceeds total debt ($921M)
UBSI Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
United Bankshares, Inc.'s current ratio of 28.21x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 0.24x to 28.21x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 28.21 | 28.21 | 0.11 | 0.24 | 0.26 | 0.33 | 0.25 | 0.24 | 0.24 | 0.25 | 0.25 |
| Quick Ratio | 28.21 | 28.21 | 0.11 | 0.24 | 0.26 | 0.33 | 0.25 | 0.24 | 0.24 | 0.25 | 0.25 |
| Cash Ratio | 12.80 | 12.80 | 0.09 | 0.07 | 0.05 | 0.16 | 0.11 | 0.06 | 0.07 | 0.12 | 0.13 |
| Asset Turnover | — | 0.05 | 0.05 | 0.05 | 0.04 | 0.04 | 0.04 | 0.05 | 0.04 | 0.04 | 0.04 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
UBSI Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
United Bankshares, Inc. returns 5.5% to shareholders annually — split between a 3.4% dividend yield and 2.1% buyback yield. A payout ratio of 45.0% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 7.5% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
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 | 3.4% | 3.9% | 3.9% | 3.8% | 3.5% | 3.9% | 4.2% | 3.5% | 4.4% | 3.6% | 2.8% |
| Payout Ratio | 45.0% | 45.0% | 53.8% | 53.2% | 50.9% | 49.3% | 56.3% | 53.4% | 55.5% | 80.6% | 65.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 8.5% | 7.3% | 7.2% | 6.9% | 7.8% | 7.4% | 6.6% | 7.9% | 4.4% | 4.3% |
| FCF Yield | 7.9% | 8.9% | 8.5% | 8.4% | 13.6% | 12.6% | 3.1% | 3.6% | 8.8% | 7.0% | 4.8% |
| Buyback Yield | 2.1% | 2.3% | 0.0% | 0.0% | 1.5% | 0.2% | 0.5% | 0.9% | 3.1% | 0.0% | 0.0% |
| Total Shareholder Yield | 5.5% | 6.2% | 4.0% | 3.9% | 5.0% | 4.1% | 4.7% | 4.4% | 7.5% | 3.6% | 2.8% |
| Shares Outstanding | — | $141M | $136M | $135M | $135M | $130M | $120M | $102M | $104M | $98M | $74M |
Peer Comparison
Compare UBSI with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 UBSIYou | $6B | 13.3 | 7.6 | 12.6 | 65.4% | 32.4% | 8.9% | 7.2% | 1.6 |
 WSFS | $4B | 14.1 | 6.8 | 17.7 | 74.7% | 28.0% | 10.8% | 9.5% | 0.7 |
 FULT | $4B | 10.4 | 9.8 | 14.6 | 67.4% | 25.7% | 11.7% | 7.5% | 2.5 |
 UMBF | $10B | 14.4 | 12.1 | 10.2 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 IBOC | $4B | 10.8 | 8.5 | 9.0 | 78.3% | 49.4% | 13.6% | 10.5% | 1.3 |
 SFNC | $3B | -7.3 | — | 6.9 | 5.8% | -84.2% | -11.4% | -9.1% | — |
 HBAN | $26B | 11.8 | 15.9 | 11.4 | 61.7% | 21.5% | 10.0% | 5.1% | 6.9 |
 SNV | $7B | 16.5 | 8.8 | 9.1 | 53.8% | 17.7% | 9.3% | 6.6% | 2.8 |
 OFG | $2B | 10.1 | 5.3 | 9.8 | 71.2% | 30.8% | 15.5% | 10.9% | 2.0 |
 NBTB | $2B | 13.4 | 10.3 | 10.7 | 72.1% | 25.3% | 9.9% | 7.9% | 1.4 |
 TRMK | $3B | 12.1 | 9.5 | 11.4 | 71.0% | 25.5% | 11.0% | 7.1% | 3.4 |
| Financial Services Median | — | 13.3 | 11.4 | 10.6 | 62.9% | 21.4% | 9.5% | 5.7% | 4.1 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonUBSI — Frequently Asked Questions
Quick answers to the most common questions about buying UBSI stock.
What is United Bankshares, Inc.'s P/E ratio?
United Bankshares, Inc.'s current P/E ratio is 13.3x. The historical average is 16.4x. This places it at the 17th percentile of its historical range.
What is United Bankshares, Inc.'s EV/EBITDA?
United Bankshares, Inc.'s current EV/EBITDA is 7.6x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 15.0x.
What is United Bankshares, Inc.'s ROE?
United Bankshares, Inc.'s return on equity (ROE) is 8.9%. The historical average is 11.1%.
Is UBSI stock overvalued?
Based on historical data, United Bankshares, Inc. is trading at a P/E of 13.3x. This is at the 17th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is United Bankshares, Inc.'s dividend yield?
United Bankshares, Inc.'s current dividend yield is 3.40% with a payout ratio of 45.0%.
What are United Bankshares, Inc.'s profit margins?
United Bankshares, Inc. has 65.4% gross margin and 32.4% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does United Bankshares, Inc. have?
United Bankshares, Inc.'s Debt/EBITDA ratio is 1.6x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.