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UNITED BANKSHARES INC/WV UBSI

Nasdaq · stock · State Commercial Banks · website · IPO 1970-09-16

UNITED BANKSHARES INC/WV statistics & valuation

Market cap$6.4B
P / E13.7×
P / B1.2×
P / FCF13.2×
Dividend yield3.28%
Return on equity8.5%
Net debt$531.8M
Enterprise value USD$6.9B
Graham number +9.2%$53.40

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($53.40); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
6.60% 4.60% 7.90% 7.70% 6.70% 7.80% 8.40% 7.70% 7.50% 8.50% 2016201720182019202020212022202320242025
Shares outstanding
73.9M 97.9M 104.3M 101.9M 120.1M 129.5M 135.1M 134.8M 135.2M 141.8M 2016201720182019202020212022202320242025
Net debt ($)
-$262.5M $1.36B $1.50B $1.84B $864.4M $817.4M $2.20B $1.79B $540.4M $531.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
1.00% 0.80% 1.30% 1.30% 1.10% 1.30% 1.30% 1.20% 1.20% 1.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
120.30% 50.90% 46.10% 179.50% 238.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.52× 0.42× 0.46× 0.55× 0.20× 0.17× 0.49× 0.37× 0.11× 0.10× 2016201720182019202020212022202320242025
EPS ($)
$1.99 $1.54 $2.45 $2.55 $2.40 $2.83 $2.80 $2.71 $2.75 $3.27 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

UNITED BANKSHARES INC/WV trades at about 15× earnings — near its 10-year norm (10-year range 12.5×–23.9×, median 14×).

12.5× 23.9×

Shaded band = 10-year range (12.5×–23.9×); dot = today's 15×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Net margin———121.7%111.1%109.8%94.0%106.9%——
FCF margin———238.5%179.5%46.1%50.9%120.3%——
Return on assets1.4%1.2%1.2%1.3%1.3%1.1%1.3%1.3%0.8%1.0%
Return on equity8.5%7.5%7.7%8.4%7.8%6.7%7.7%7.9%4.6%6.6%
Debt / equity0.10×0.11×0.37×0.49×0.17×0.20×0.55×0.46×0.42×0.52×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.