Union Bank of Taiwan (TPE:2838) Book Value per Share: NT$18.10 (As of Dec. 2025)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TPE:2838 Union Bank of Taiwan TPE:2838
77 GF Score
Price NT$20.75
GF Value NT$15.42
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Union Bank of Taiwan Book Value per Share?

Union Bank of Taiwan TPE:2838 +0.73% 77 Book Value per Share is NT$18.10 as of Dec. 2025. GuruFocus rates TPE:2838 with a GF Score™ of 77/100 and a GF Value™ of NT$15.42 (Significantly Overvalued). The stock has 6 warning signs investors should review.

Union Bank of Taiwan's book value per share for the quarter that ended in Dec. 2025 was NT$18.10.

During the past 12 months, Union Bank of Taiwan's average Book Value Per Share Growth Rate was 10.50% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 12.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 7.00% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 8.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Union Bank of Taiwan was 14.50% per year. The lowest was -11.60% per year. And the median was 10.20% per year.

Union Bank of Taiwan's current price is NT$20.75. Its book value per share for the quarter that ended in Dec. 2025 was NT$18.10. Hence, today's PB Ratio of Union Bank of Taiwan is 1.15.

During the past 13 years, the highest P/B Ratio of Union Bank of Taiwan was 1.24. The lowest was 0.49. And the median was 0.65.

Warning Sign:

Union Bank of Taiwan stock PB Ratio (=1.14) is close to 10-year high of 1.24.


Union Bank of Taiwan  (TPE:2838) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.


Union Bank of Taiwan Book Value per Share Related Terms


Union Bank of Taiwan Book Value per Share Historical Data

* Premium members only.

The historical data trend for Union Bank of Taiwan's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Union Bank of Taiwan Book Value per Share Chart

Union Bank of Taiwan Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Book Value per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 13.81 12.90 14.49 16.38 18.10

Union Bank of Taiwan Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25
Book Value per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.38 17.14 16.92 17.49 18.10

Union Bank of Taiwan Book Value per Share Competitor Comparison

For the Banks - Regional subindustry, Union Bank of Taiwan's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Union Bank of Taiwan PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Union Bank of Taiwan's PB Ratio distribution charts can be found below:

* The bar in red indicates where Union Bank of Taiwan's PB Ratio falls into.


TPE:2838
77GF Score
Union Bank of Taiwan TPE:2838
Book Value per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Bank of Taiwan Book Value per Share Calculation

Union Bank of Taiwan's Book Value Per Share for the fiscal year that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(85,280-2,000)/4,601
=18.10

Union Bank of Taiwan's Book Value Per Share for the quarter that ended in Dec. 2025 is calculated as:

Book Value Per Share=(Total Stockholders Equity-Preferred Stock)/Shares Outstanding (EOP)
=(85,280-2,000)/4,601
=18.10

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Frequently Asked Questions Learn more about Book Value per Share →
What does a Book Value per Share of NT$18.10 mean?
Union Bank of Taiwan (TPE:2838) has a Book Value per Share of NT$18.10 as of Dec. 2025. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Union Bank of Taiwan and its competitors.
Is Union Bank of Taiwan's Book Value per Share too high?
Union Bank of Taiwan's current Book Value per Share is NT$18.10. Overall, Union Bank of Taiwan has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Bank of Taiwan's Book Value per Share compare to competitors?
Union Bank of Taiwan's Book Value per Share of NT$18.10 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Book Value per Share for a Banks company?
A good Book Value per Share depends on the Banks industry context. However, Book Value per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Book Value per Share mean?
A high Book Value per Share can signal that a stock is expensive relative to its fundamentals. Book value per share gives the per-share value of a company's stockholder equity. View historical data on Union Bank of Taiwan and its competitors. Union Bank of Taiwan's current Book Value per Share is NT$18.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Bank of Taiwan stock overvalued right now?
Based on GuruFocus' analysis, Union Bank of Taiwan (TPE:2838) is currently considered Significantly Overvalued. The stock's GF Value™ is NT$15.42, compared to a current price of NT$20.75 — trading 34.6% above its estimated fair value. The current Book Value per Share is NT$18.10. Union Bank of Taiwan's overall GF Score™ is 77/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Book Value per Share calculated?
Book Value per Share is calculated from a company's financial statements. For Union Bank of Taiwan (TPE:2838), the current Book Value per Share is NT$18.10 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Union Bank of Taiwan (TPE:2838) Overvalued in 2026?

Based on GuruFocus' analysis, Union Bank of Taiwan stock appears to be overvalued. The current stock price of NT$20.75 is trading 34.6% above its estimated GF Value™ of NT$15.42. GuruFocus considers Union Bank of Taiwan to be Significantly Overvalued.

Key valuation signals for TPE:2838:

  • Book Value per Share: NT$18.10
  • GF Value™: NT$15.42 vs. price of NT$20.75 (34.6% above fair value)
  • GF Score™: 77/100 with 6 warning signs

No single metric tells the full story. See the TPE:2838 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Union Bank of Taiwan Business Description

Other Exchanges 2838A.PFD:Taiwan
Address Minsheng East Road, 1st Floor, 2nd Floor, No. 109, Section 3, Songshan District, Taipei, TWN, 105
Union Bank of Taiwan mainly engaged in activities allowed under the Banking Law, which cover deposits, loans, discounts, remittances, acceptances, issuance of guarantees and letters of credit, short-term bills transactions, investments, foreign exchange transactions, savings, trust, etc. The company's reportable segments are Corporate banking unit consist Corporate banking, foreign exchange business, debt management and public treasury business; Consumer banking unit consider financial management and loan business, credit card business and car-loan business; Wealth management and trust unit; Investing unit; and Leasing unit. The majority of revenue comes from Consumer banking. The Company's operations are mainly in Taiwan.
77GF Score

Get the complete analysis for TPE:2838

Book Value per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

NT$20.75
Price
NT$15.42
GF Value