Frontierby eninvs

Language: EN / RU

← Region

Union Bank of the Philippines (UBP) PHP

Union Bank of the Philippines is a commercial bank providing retail, corporate, and investment banking services, as well as digital banking solutions. It operates primarily in the Philippines and is known for its focus on technology-driven banking.

At a glance: strengths & risks
✓Profit growing (+69% y/y, Q2 2026)✗Low ROE (5%)

Sector: Banks

PH_UBP

Price chart

21 PHPDay 0.00%

Key metrics

Market

Price
21 PHP · 0.00%
Market cap
69.6 bn PHP

Growth

Δ NII y/y
10.7%
Δ net profit y/y
69.3%

Multiples

P/E (LTM)
5.1x
P/B (FY)
0.3x
P/E (ann.)
5.7x

Returns

Dividend yield
4.7%
ROE (annualized)
6.0%
ROI (ROE ÷ P/B)
17.6%

Value creation

annualized net income / market cap (return on equity value)
Banking potential
+17.5%
↓ details

Liquidity

Daily turnover
—

Shares: connector/market_inputs

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

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.

DatePeriodStatusNet interest incomeB PHPNet profitB PHPAssetsB PHPEquityB PHPROE (annualized)Source
2026-06-30Q2 2026 (3M)OK33.7
y/y 33.0%
3.1
y/y 69.3%
1181.6
y/y 4.1%
205.2
y/y 4.7%
6.0%Link
2026-03-31Q1 2026 (3M)OK16.8
y/y 8.9%
3.8
y/y 167.4%
1177.6
y/y 1.6%
202.1
y/y 4.0%
7.6%Link
2025-12-31Q4 2025 (3M)OK8.5
y/y 29.7%
3.5
y/y 0.7%
1159.5
y/y 1.2%
202.9
y/y 3.5%
5.0%Link
2025-09-30Q3 2025 (3M)OK25.6
y/y -4.7%
3.2
y/y -7.7%
1144.6
y/y -0.2%
199.6
y/y 3.4%
2.2%Link
2025-06-30Q2 2025 (3M)OK25.4
y/y -0.9%
1.8
y/y -40.5%
1135.4
y/y 0.0%
196.0
y/y 4.7%
3.7%Link
2025-03-31Q1 2025 (3M)OK15.4
y/y -37.7%
1.4
y/y -27.5%
1158.9
y/y 1.1%
194.3
y/y 11.3%
2.9%Link
2024-12-31Q4 2024 (3M)OK6.6
y/y —
3.5
y/y —
1145.4
y/y —
196.1
y/y —
6.2%Link
2024-09-30Q3 2024 (3M)OK26.9
y/y 6.2%
3.5
y/y 78.8%
1146.8
y/y 0.4%
193.1
y/y 11.2%
2.4%Link
2024-06-30Q2 2024 (3M)OK25.6
y/y 2.6%
3.1
y/y 21.5%
1135.2
y/y 2.3%
187.1
y/y 8.0%
6.8%Link
2024-03-31Q1 2024 (3M)OK24.7
y/y —
2.0
y/y —
1146.5
y/y —
174.6
y/y —
4.5%Link
2023-12-31Q4 2023 (3M)OK13.3
y/y —
1.1
y/y —
1145.1
y/y —
175.6
y/y —
2.5%Link
2023-09-30Q3 2023 (3M)OK25.3
y/y —
2.0
y/y —
1142.4
y/y —
173.7
y/y —
1.5%Link
2023-06-30Q2 2023 (3M)OK24.9
y/y —
2.5
y/y —
1109.4
y/y —
173.3
y/y —
—Link

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Peer comparison

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.

CompanyMarketCap, $bnP/EP/E, adjusted
State Bank of IndiaIndia93.210.3x2.3x
Emirates NBDUAE51.77.8x2.9x
Grupo Financiero BanorteMexico31.910.1x3.3x
HDFC BankIndia111.515.1x3.4x
Abu Dhabi Commercial BankUAE36.39.8x3.6x
First Abu Dhabi BankUAE57.910.0x3.7x
ICICI BankIndia105.217.0x3.8x
KB Financial GroupKorea39.38.3x4.5x
Bank Central AsiaIndonesia33.510.5x8.3x
Royal Bank of CanadaCanada281.019.4x—
Mitsubishi UFJ Financial GroupJapan240.914.1x—
Bank of Nova ScotiaCanada114.820.7x—
Group median10.4x3.6x
Group average12.7x4.0x
This companyPhilippines1.15.1x5.1x

Group median 10.4x as traded, 3.6x adjusted; this company 5.1x — a 41% premium.

Group average 12.7x as traded, 4.0x adjusted; against the average this company is at a 28% premium.

At the adjusted group median the market cap would be -29% 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 29.1x, Russia 6.1x, South Africa 11.3x, Kazakhstan 9.3x, India 25.1x, Indonesia 7.1x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-27; the company's own is live.

Dividends

No dividend rows found for this issuer (checked: Yahoo Finance (ex-div)).

Investor reporting (IR): https://www.unionbankph.com/investor-relations/financial-information

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 Union Bank of the Philippines (UBP) — from primary filings.

Frequently asked questions

What is Union Bank of the Philippines (UBP)'s P/E ratio?
Union Bank of the Philippines (UBP) trades at a P/E of 5.1x (price to trailing 12-month earnings).
What is Union Bank of the Philippines (UBP)'s P/B ratio?
Union Bank of the Philippines (UBP) trades at a P/B of 0.3x.
What is Union Bank of the Philippines (UBP)'s dividend yield?
Union Bank of the Philippines (UBP)'s trailing 12-month dividend yield is 4.7%.
What is Union Bank of the Philippines (UBP)'s return on equity (ROE)?
Union Bank of the Philippines (UBP)'s ROE is 6.0%.
What is Union Bank of the Philippines (UBP)'s market capitalization?
Union Bank of the Philippines (UBP)'s market cap is 69.6 bn PHP.

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