BDO Unibank is a universal bank in the Philippines, offering a wide range of financial services including retail and corporate banking, lending, treasury, and trust services. It operates one of the largest branch networks in the country.
Sector: Banks
PH_BDO
Shares: connector/market_inputs
Monetary columns are in B PHP, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | Net interest incomeB PHP | Net profitB PHP | AssetsB PHP | EquityB PHP | ROE (annualized) | Source |
|---|---|---|---|---|---|---|---|---|
| 2026-06-30 | Q2 2026 (3M) | OK | 108.5 y/y 15.6% | 20.7 y/y -1.5% | 5904.5 y/y 15.2% | 655.9 y/y 7.3% | 12.7% | Link |
| 2026-03-31 | Q1 2026 (3M) | OK | 53.0 y/y 11.0% | 20.2 y/y 2.1% | 5714.8 y/y 16.5% | 645.7 y/y 8.5% | 12.5% | Link |
| 2025-12-31 | Q4 2025 (3M) | PARTIAL | 6.7 y/y -92.3% | 24.2 y/y -43.4% | 5431.6 y/y 11.4% | 644.1 y/y 11.6% | 13.7% | Link |
| 2025-09-30 | Q3 2025 (3M) | OK | 97.2 y/y 9.8% | 22.6 y/y 6.3% | 5268.0 y/y 9.7% | 630.0 y/y 10.5% | 4.8% | Link |
| 2025-06-30 | Q2 2025 (3M) | OK | 93.8 y/y — | 21.0 y/y — | 5126.6 y/y — | 611.2 y/y — | 13.9% | Link |
| 2025-03-31 | Q1 2025 (3M) | OK | 47.8 y/y -18.7% | 19.8 y/y 6.9% | 4904.1 y/y 7.2% | 594.9 y/y 11.9% | 13.5% | Link |
| 2024-12-31 | Q4 2024 (3M) | OK | 87.0 y/y — | 42.7 y/y — | 4876.1 y/y — | 577.4 y/y — | 14.3% | Link |
| 2024-09-30 | Q3 2024 (3M) | OK | -11.1 y/y 55.9% | -18.3 y/y 13.5% | 4802.6 y/y 12.0% | 570.2 y/y 13.4% | 5.1% | Link |
| 2024-06-30 | Q2 2024 (3M) | OK | 40.8 y/y — | 21.0 y/y — | 4712.5 y/y — | 547.3 y/y — | 14.7% | Link |
| 2024-03-31 | Q1 2024 (3M) | OK | 58.7 y/y — | 18.5 y/y — | 4573.4 y/y — | 531.7 y/y — | 14.1% | Link |
| 2023-12-31 | Q4 2023 (3M) | OK | 63.4 y/y — | 19.5 y/y — | 4477.7 y/y — | 518.6 y/y — | 15.3% | Link |
| 2023-09-30 | Q3 2023 (3M) | OK | 56.8 y/y — | 18.7 y/y — | 4288.3 y/y — | 502.7 y/y — | 5.0% | Link |
| 2023-06-30 | Q2 2023 (3M) | OK | 48.3 y/y — | 18.7 y/y — | 4158.3 y/y — | 489.7 y/y — | — | Link |
Our earnings breakdowns and investment notes on this issuer.
Group: Banks. Each peer is shown as it trades and re-priced onto this company's market (Philippines) by the ratio of our coverage medians.
| Company | Market | Cap, $bn | P/E | P/E, adjusted |
|---|---|---|---|---|
| State Bank of India | India | 94.4 | 10.4x | 2.1x |
| Emirates NBD | UAE | 53.5 | 8.1x | 2.8x |
| Bradesco | Brazil | 42.4 | 9.0x | 2.9x |
| HDFC Bank | India | 112.9 | 15.2x | 3.0x |
| Abu Dhabi Commercial Bank | UAE | 34.6 | 9.3x | 3.3x |
| First Abu Dhabi Bank | UAE | 55.7 | 9.6x | 3.4x |
| ICICI Bank | India | 105.9 | 17.9x | 3.6x |
| KB Financial Group | Korea | 40.5 | 8.5x | 4.3x |
| Bank Central Asia | Indonesia | 34.8 | 10.8x | 7.9x |
| Royal Bank of Canada | Canada | 279.4 | 19.3x | — |
| Mitsubishi UFJ Financial Group | Japan | 236.2 | 13.8x | — |
| Bank of Nova Scotia | Canada | 114.7 | 20.7x | — |
| Group median | 10.6x | 3.3x | ||
| Group average | 12.7x | 3.7x | ||
| This company | Philippines | 9.8 | 7.1x | 7.1x |
Group median 10.6x as traded, 3.3x adjusted; this company 7.1x — a 117% premium.
Group average 12.7x as traded, 3.7x adjusted; against the average this company is at a 91% premium.
At the adjusted group median the market cap would be -54% versus today.
The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 28.2x, Russia 5.9x, South Africa 11.2x, Kazakhstan 9.1x, India 26.9x, Indonesia 7.4x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-23; the company's own is live.
No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).
Investor reporting (IR): https://www.bdo.com.ph/investor-relations/annual-reports
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B), profitability and dividend yield of BDO Unibank — from primary filings.
See also: Philippine Stocks (2026): Where the Value Really Is (and the Traps) · The Cheapest Bank Stocks in the World (2026): Where Global Banks Trade Below Book · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map