UBL
United BankLAST · PKR
52W RANGE
Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.
- Market cap
- 470bn
- P/E (ttm)
- 6.6×
- EPS (ttm)
- 57.82
- Dividend yield
- 11.5%
- Return on equity
- 24.8%
- Beta
- 1.10
- Free float
- 49%
- 52W high
- 381.60
- 52W low
- 259.89
- 1D change
- +1.64%
- YTD return
- +26.9%
Top-tier bank with the sector's highest payout ratio and a strong remittance and digital banking franchise.
SIGNA DESK · FIRST CAPITAL RESEARCH · 11 JUN 2026 · EOD
United Bank: earnings power still under-priced at 6.6× despite the re-rating
United Bank (UBL) trades at 6.6× trailing earnings with a 11.5% dividend yield, sitting 100% of the way up its 52-week range. Return on equity of 24.8% comfortably clears the market's cost of equity, and the 49% free float keeps the name liquid enough for institutional sizing.
Within the banks space, the setup is favourable: the stock has outperformed year-to-date and consensus has been chasing, not leading, the upgrades. At 1.10 beta the name moves harder than the index in both directions — position sizing matters more than entry price. The payout is the anchor of the thesis; any cut would force a full re-underwrite.
AT A GLANCE
- Stance
- CONSTRUCTIVE
- P/E (ttm)
- 6.6×
- Dividend yield
- 11.5%
- Beta
- 1.10
- 52W position
- 100%
- YTD return
- +26.9%
— GENERATED BY SIGNA · NOT INVESTMENT ADVICE
| Symbol | Last | Chg % | P/E | M. Cap | 1Y |
|---|---|---|---|---|---|
| MEBLMeezan Bank | 331.80 | +0.51% | 5.7× | 594bn | |
| UBLUnited Bank— THIS PAGE | 381.60 | +1.64% | 6.6× | 470bn | |
| MCBMCB Bank | 349.10 | +1.24% | 6.9× | 414bn | |
| HBLHabib Bank | 252.30 | −0.34% | 5.8× | 370bn | |
| BAHLBank Al Habib | 142.60 | −1.08% | 4.0× | 159bn |
Source: PSX, First Capital Research. Data as of 11 Jun 2026, EOD.