United Commercial Bank (DHA:UCB) E10: BDT1.63 (As of Mar. 2026)


DHA:UCB United Commercial Bank PLC DHA:UCB
70 GF Score
Price BDT8.90
GF Value BDT9.94
Valuation Modestly Undervalued
! 2 Warning Signs
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What is United Commercial Bank E10?

United Commercial Bank DHA:UCB 70 E10 is BDT1.63 as of Mar. 2026. GuruFocus rates DHA:UCB with a GF Score™ of 70/100 and a GF Value™ of BDT9.94 (Modestly Undervalued). The stock has 2 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.

United Commercial Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was BDT0.070. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is BDT1.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, United Commercial Bank's average E10 Growth Rate was -12.40% per year. During the past 3 years, the average E10 Growth Rate was -9.10% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of United Commercial Bank was -1.00% per year. The lowest was -9.10% per year. And the median was -5.05% per year.

As of today (2026-06-29), United Commercial Bank's current stock price is BDT8.90. United Commercial Bank's E10 for the quarter that ended in Mar. 2026 was BDT1.63. United Commercial Bank's Shiller PE Ratio of today is 5.46.

During the past 13 years, the highest Shiller PE Ratio of United Commercial Bank was 7.44. The lowest was 3.97. And the median was 5.44.


United Commercial Bank  (DHA:UCB) E10 Explanation

If a company grows much fast than inflation, E10 may underestimate the company's earnings power. Shiller PE Ratio can seem to be too high even the actual P/E is low.

For the Shiller P/E, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller P/E is also called PE10.

The Shiller P/E was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

United Commercial Bank's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=8.90/1.63
=5.46

* 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.

During the past 13 years, the highest Shiller P/E Ratio of United Commercial Bank was 7.44. The lowest was 3.97. And the median was 5.44.


Be Aware

Shiller PE Ratio works better for cyclical companies. It gives you a better idea on the company's real earnings power.


United Commercial Bank E10 Related Terms


United Commercial Bank E10 Historical Data

* Premium members only.

The historical data trend for United Commercial Bank's E10 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.

United Commercial Bank E10 Chart

United Commercial Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
E10
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.96 2.17 2.13 1.90 1.63

United Commercial Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
E10 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 1.86 1.78 1.77 1.63 1.63

United Commercial Bank E10 Competitor Comparison

For the Banks - Regional subindustry, United Commercial Bank's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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.


United Commercial Bank Shiller PE Ratio vs Banks Industry

For the Banks industry and Financial Services sector, United Commercial Bank's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where United Commercial Bank's Shiller PE Ratio falls into.


DHA:UCB
70GF Score
United Commercial Bank PLC DHA:UCB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Commercial Bank E10 Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller P/E calculation. When we calculate the today's Shiller P/E ratio of a stock, we use today's price divided by E10.

What is E10? How do we calculate E10?

E10 is the average of the inflation adjusted earnings of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the E10 of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the earnings from 2001 through 2010.

We adjusted the earnings of 2001 earnings data with the total inflation from 2001 through 2010 to the equivalent earnings in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart earned $1 a share in 2001, then the 2001's equivalent earnings in 2010 is $1.4 a share. If Wal-Mart earns $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 earnings in 2010 is $1.35. So on and so forth, you get the equivalent earnings of past 10 years. Then you add them together and divided the sum by 10 to get E10.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, United Commercial Bank's adjusted earnings per share data for the three months ended in Mar. 2026 was:

Adj_EPS= Earnings per Share (Diluted) /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.07/330.2130*330.2130
=0.070

Current CPI (Mar. 2026) = 330.2130.

United Commercial Bank Quarterly Data

per share eps CPI Adj_EPS
201606 0.525 241.018 0.719
201609 0.473 241.428 0.647
201612 0.343 241.432 0.469
201703 0.065 243.801 0.088
201706 0.745 244.955 1.004
201709 0.809 246.819 1.082
201712 0.052 246.524 0.070
201803 0.201 249.554 0.266
201806 0.527 251.989 0.691
201809 0.470 252.439 0.615
201812 0.271 251.233 0.356
201903 0.271 254.202 0.352
201906 0.449 256.143 0.579
201909 0.501 256.759 0.644
201912 0.486 256.974 0.625
202003 0.239 258.115 0.306
202006 0.299 257.797 0.383
202009 0.516 260.280 0.655
202012 0.724 260.474 0.918
202103 0.298 264.877 0.372
202106 0.471 271.696 0.572
202109 0.527 274.310 0.634
202112 0.112 278.802 0.133
202203 0.207 287.504 0.238
202206 0.536 296.311 0.597
202209 0.435 296.808 0.484
202212 0.870 296.797 0.968
202303 0.290 301.836 0.317
202306 0.299 305.109 0.324
202309 0.510 307.789 0.547
202312 0.303 306.746 0.326
202403 0.420 312.332 0.444
202406 0.410 314.175 0.431
202409 0.640 315.301 0.670
202412 -1.402 315.605 -1.467
202503 0.040 319.799 0.041
202506 0.080 322.561 0.082
202509 0.210 324.800 0.213
202512 -0.166 324.054 -0.169
202603 0.070 330.213 0.070

Add all the adjusted EPS together and divide 10 will get our e10.

Frequently Asked Questions Learn more about E10 →
What does a E10 of BDT1.63 mean?
United Commercial Bank (DHA:UCB) has a E10 of BDT1.63 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on United Commercial Bank and its competitors.
Is United Commercial Bank's E10 too high?
United Commercial Bank's current E10 is BDT1.63. Overall, United Commercial Bank has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does United Commercial Bank's E10 compare to competitors?
United Commercial Bank's E10 of BDT1.63 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 E10 for a Banks company?
A good E10 depends on the Banks industry context. However, E10 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 E10 mean?
A high E10 can signal that a stock is expensive relative to its fundamentals. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on United Commercial Bank and its competitors. United Commercial Bank's current E10 is BDT1.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, United Commercial Bank (DHA:UCB) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT9.94, compared to a current price of BDT8.90 — trading 10.5% below its estimated fair value. The current E10 is BDT1.63. United Commercial Bank's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is E10 calculated?
E10 is calculated from a company's financial statements. For United Commercial Bank (DHA:UCB), the current E10 is BDT1.63 as of Mar. 2026. 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 United Commercial Bank (DHA:UCB) Overvalued in 2026?

Based on GuruFocus' analysis, United Commercial Bank stock appears to be undervalued. The current stock price of BDT8.90 is trading 10.5% below its estimated GF Value™ of BDT9.94. GuruFocus considers United Commercial Bank to be Modestly Undervalued.

Key valuation signals for DHA:UCB:

  • E10: BDT1.63
  • GF Value™: BDT9.94 vs. price of BDT8.90 (10.5% below fair value)
  • GF Score™: 70/100 with 2 warning signs

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


United Commercial Bank Business Description

Address Road No. - 34, Gulshan Avenue, Plot - CWS- (A)-1, Bulus Center, Dhaka, BGD, 1212
United Commercial Bank PLC is a commercial bank. The company through its delivery channels and subsidiaries offers a wide range of banking products and services to corporate, SME, and retail customers. Its products and services include deposit products like current deposits, fixed deposits, and UCB Multi-Millionaires. Loan products such as trade finance, import finance, loan syndication, and pacing credit. It also provides other services such as Western Union Money Transfer, online services internet banking. The reportable segments of the company are Corporate Banking, SME Banking, Consumer Banking, Treasury, Investment Banking, Offshore Banking, Card and Alternate Delivery Channel, Mobile Financial Services, and Agent Banking.
70GF Score

Get the complete analysis for DHA:UCB

E10 is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

BDT8.90
Price
BDT9.94
GF Value