UNB (Union Bankshares) E10: $2.79 (As of Mar. 2026)


UNB Union Bankshares Inc UNB
41 GF Score
Price $25.57
GF Value $29.01
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Union Bankshares E10?

Union Bankshares UNB +3.65% 41 E10 is $2.79 as of Mar. 2026. GuruFocus rates UNB with a GF Score™ of 41/100 and a GF Value™ of $29.01 (Modestly Undervalued). The stock has 3 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.

Union Bankshares's adjusted earnings per share data for the three months ended in Mar. 2026 was $0.650. Add all the adjusted EPS for the past 10 years together and divide 10 will get our e10, which is $2.79 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Union Bankshares's average E10 Growth Rate was 3.70% per year. During the past 3 years, the average E10 Growth Rate was 3.10% per year. During the past 5 years, the average E10 Growth Rate was 6.40% per year. During the past 10 years, the average E10 Growth Rate was 7.30% 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 E10 growth rate using E10 data.

During the past 13 years, the highest 3-Year average E10 Growth Rate of Union Bankshares was 11.20% per year. The lowest was 1.90% per year. And the median was 3.80% per year.

As of today (2026-07-05), Union Bankshares's current stock price is $25.57. Union Bankshares's E10 for the quarter that ended in Mar. 2026 was $2.79. Union Bankshares's Shiller PE Ratio of today is 9.16.

During the past 13 years, the highest Shiller PE Ratio of Union Bankshares was 33.88. The lowest was 7.92. And the median was 13.34.


Union Bankshares  (NAS:UNB) 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.

Union Bankshares's Shiller P/E Ratio of today is calculated as

Shiller PE Ratio=Share Price/E10
=25.57/2.79
=9.16

* 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 Union Bankshares was 33.88. The lowest was 7.92. And the median was 13.34.


Be Aware

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


Union Bankshares E10 Related Terms


Union Bankshares E10 Historical Data

* Premium members only.

The historical data trend for Union Bankshares'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.

Union Bankshares E10 Chart

Union Bankshares 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 2.27 2.49 2.62 2.66 2.73

Union Bankshares 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 2.69 2.70 2.74 2.73 2.79

UNB vs CNBP, FKYS, MGYR: E10 Comparison

For the Banks - Regional subindustry, Union Bankshares'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.


Union Bankshares Shiller PE Ratio vs Banks Industry

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

* The bar in red indicates where Union Bankshares's Shiller PE Ratio falls into.


UNB
41GF Score
Union Bankshares Inc UNB
E10 is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Bankshares 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, Union Bankshares'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)
=0.65/330.2130*330.2130
=0.650

Current CPI (Mar. 2026) = 330.2130.

Union Bankshares Quarterly Data

per share eps CPI Adj_EPS
201606 0.480 241.018 0.658
201609 0.510 241.428 0.698
201612 0.530 241.432 0.725
201703 0.430 243.801 0.582
201706 0.500 244.955 0.674
201709 0.530 246.819 0.709
201712 0.430 246.524 0.576
201803 0.620 249.554 0.820
201806 0.540 251.989 0.708
201809 0.520 252.439 0.680
201812 -0.100 251.233 -0.131
201903 0.590 254.202 0.766
201906 0.560 256.143 0.722
201909 0.620 256.759 0.797
201912 0.610 256.974 0.784
202003 0.490 258.115 0.627
202006 0.590 257.797 0.756
202009 0.920 260.280 1.167
202012 0.850 260.474 1.078
202103 0.640 264.877 0.798
202106 0.660 271.696 0.802
202109 0.870 274.310 1.047
202112 0.760 278.802 0.900
202203 0.550 287.504 0.632
202206 0.650 296.311 0.724
202209 0.830 296.808 0.923
202212 0.770 296.797 0.857
202303 0.660 301.836 0.722
202306 0.600 305.109 0.649
202309 0.550 307.789 0.590
202312 0.680 306.746 0.732
202403 0.530 312.332 0.560
202406 0.450 314.175 0.473
202409 0.290 315.301 0.304
202412 0.670 315.605 0.701
202503 0.550 319.799 0.568
202506 0.520 322.561 0.532
202509 0.750 324.800 0.762
202512 0.600 324.054 0.611
202603 0.650 330.213 0.650

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 $2.79 mean?
Union Bankshares (UNB) has a E10 of $2.79 as of Mar. 2026. E10 represents the company's inflation-adjusted earnings per share over a 10-year period. View historical data on Union Bankshares and its competitors.
Is Union Bankshares' E10 too high?
Union Bankshares' current E10 is $2.79. Overall, Union Bankshares has a GF Score™ of 41/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Union Bankshares' E10 compare to CNBP and FKYS?
Union Bankshares' E10 of $2.79 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 Union Bankshares and its competitors. Union Bankshares's current E10 is $2.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Bankshares stock overvalued right now?
Based on GuruFocus' analysis, Union Bankshares (UNB) is currently considered Modestly Undervalued. The stock's GF Value™ is $29.01, compared to a current price of $25.57 — trading 11.9% below its estimated fair value. The current E10 is $2.79. Union Bankshares' overall GF Score™ is 41/100 with 3 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 Union Bankshares (UNB), the current E10 is $2.79 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 Union Bankshares (UNB) Overvalued in 2026?

Based on GuruFocus' analysis, Union Bankshares stock appears to be undervalued. The current stock price of $25.57 is trading 11.9% below its estimated GF Value™ of $29.01. GuruFocus considers Union Bankshares to be Modestly Undervalued.

Key valuation signals for UNB:

  • E10: $2.79
  • GF Value™: $29.01 vs. price of $25.57 (11.9% below fair value)
  • GF Score™: 41/100 with 3 warning signs

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


Union Bankshares Business Description

Address 20 Lower Main Street, P.O. Box 667, Morrisville, VT, USA, 05661-0667
Union Bankshares Inc operates as a community bank in the financial services industry. It offers retail and commercial banking services to its customers through its branches, ATMs, telebanking, and internet banking systems. The Company has one definable business segment, Union Bank, which provides full retail, commercial, municipal banking, and wealth management and trust services throughout its 18 branch banking locations, three loan centers, and several ATMs covering northern Vermont and northern New Hampshire. In addition, it also offers fiduciary and asset management services through its Asset Management Group.
41GF Score

Get the complete analysis for UNB

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

$25.57
Price
$29.01
GF Value