United Bankshares
Financial ratios & Valuation

Forward Multiples (2025 – 2025)

2025
Price/Earnings ratio
14.19
Price/Sales ratio
4.45
Earnings per Share (EPS)
$2.62

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
19.4318.5923.1222.5012.6215.0913.4512.7514.3713.7814.2912.62
Price/Sales ratio
5.635.606.864.974.515.363.754.655.284.933.255.36
Price/Book Value ratio
1.521.491.521.040.991.160.900.991.201.051.030.99
Price/Cash Flow ratio
17.4314.3820.3913.3411.0626.5927.687.697.1712.3511.4911.06
Price/Free Cash Flow ratio
18.5714.8221.3214.1411.2828.7432.027.897.3312.7211.5811.28
Price/Earnings Growth ratio
1.435.9746.01-0.970.213.71-2.150.69-13.60-4.301.180.21
Dividend Yield
3.26%3.46%2.83%3.58%4.39%3.53%4.18%3.86%3.53%3.85%3.90%3.90%
Profitability Indicator Ratios
Gross Profit Margin
99.68%99.67%99.64%99.73%99.34%100%100%100%100%100%100%99.34%
Operating Profit Margin
52.55%52.50%51.47%48.52%63.59%44.82%35.07%45.89%56.78%42.59%-6.47%44.82%
Pretax Profit Margin
43.53%44.45%44.94%41.84%45.60%44.82%35.07%45.89%46.55%45.29%28.43%44.82%
Net Profit Margin
29.01%30.13%29.69%22.12%35.73%35.52%27.87%36.46%36.79%35.77%22.73%35.52%
Effective Tax Rate
33.35%32.20%33.94%47.13%21.64%20.74%20.51%20.54%20.95%21.02%20.04%20.74%
Return on Assets
1.05%1.09%1.01%0.79%1.33%1.32%1.10%1.25%1.28%1.22%1.19%1.32%
Return On Equity
7.84%8.05%6.57%4.64%7.88%7.73%6.72%7.79%8.40%7.67%7.37%7.73%
Return on Capital Employed
1.97%1.97%1.78%1.77%2.41%1.70%1.39%1.58%1.99%1.46%-0.34%1.70%
Liquidity Ratios
Current Ratio
0.010.010.010.010.010.01N/AN/AN/AN/A16.580.01
Quick Ratio
23.4725.0358.0532.2543.0711.3252.9090.8276.7344.7316.5811.32
Cash ratio
1.722.026.843.482.902.2315.5229.1615.5317.201.272.23
Days of Sales Outstanding
26.3628.5429.0328.3230.8328.9523.5223.3433.5739.7124.8128.95
Days of Inventory outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Operating Cycle
26.3628.5429.0328.3230.83N/AN/AN/AN/AN/A24.81N/A
Days of Payables Outstanding
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Cash Conversion Cycle
26.3628.5429.0328.3230.83N/AN/AN/AN/AN/A24.81N/A
Debt Ratios
Debt Ratio
0.080.080.070.070.080.100.010.010.070.050.010.10
Debt Equity Ratio
0.630.620.500.460.510.620.070.060.520.370.100.62
Long-term Debt to Capitalization
0.380.380.330.310.330.380.060.050.320.270.090.38
Total Debt to Capitalization
0.380.380.330.310.330.380.060.050.340.270.090.38
Interest Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/A-0.17N/A
Cash Flow to Debt Ratio
0.130.160.140.160.170.070.442.040.320.220.820.17
Company Equity Multiplier
7.447.346.485.885.925.846.096.216.526.276.015.92
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.320.380.330.370.400.200.130.600.730.390.280.20
Free Cash Flow / Operating Cash Flow Ratio
0.930.970.950.940.980.920.860.970.970.970.990.98
Cash Flow Coverage Ratio
0.130.160.140.160.170.070.442.040.320.220.820.17
Short Term Coverage Ratio
N/AN/AN/AN/AN/AN/AN/AN/A4.73N/AN/AN/A
Dividend Payout Ratio
63.51%64.41%65.50%80.59%55.53%53.41%56.29%49.29%50.85%53.15%55.66%55.53%