Union Bank of TaiwanTPE:2838 +0.44%80 PE Ratio without NRI is 18.26 as of Jul. 05, 2026, which is 55% above its 10-year median of 11.76. GuruFocus rates TPE:2838 with a GF Score™ of 80/100 and a GF Value™ of NT$16.27 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,451 Banks companies, Union Bank of Taiwan ranks worse than 83.39% on this metric.
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. As of today (2026-07-05), Union Bank of Taiwan's share price is NT$22.90.
Union Bank of Taiwan's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1.25. Therefore, Union Bank of Taiwan's PE Ratio without NRI for today is 18.26.
During the past 13 years, Union Bank of Taiwan's highest PE Ratio without NRI was 18.72. The lowest was 7.35. And the median was 11.76.
Union Bank of Taiwan's EPS (Basic) for the
three
months ended in Dec. 2025 was NT$0.38.
Its EPS (Basic) for the trailing twelve months (TTM) ended in Dec. 2025 was NT$1.28.
Union Bank of Taiwan (TPE:2838) PE Ratio without NRI Explanation
The PE Ratio can be viewed as the number of years it takes for the company to earn back the price you pay for the stock. For example, if a company earns $2 a share per year, and the stock is traded at $30, the PE Ratio is 15. Therefore it takes 15 years for the company to earn back the $30 you paid for its stock, assuming the earnings stays constant over the next 15 years.
In real business, earnings never stay constant. If a company can grow its earnings, it takes fewer years for the company to earn back the price you pay for the stock. If a company's earnings decline it takes more years. As a shareholder, you want the company to earn back the price you pay as soon as possible. Therefore, lower P/E stocks are more attractive than higher P/E stocks so long as the PE Ratio is positive. Also for stocks with the same PE Ratio, the one with faster growth business is more attractive.
If a company loses money, the PE Ratio becomes meaningless.
To compare stocks with different growth rates, Peter Lynch invented a ratio called PEG Ratio. PEG Ratio is defined as the PE Ratio divided by the growth ratio. He thinks a company with a PE Ratio equal to its growth rate is fairly valued. Still he said he would rather buy a company growing 20% a year with a PE Ratio of 20, instead of a company growing 10% a year with a PE Ratio of 10.
Because the PE Ratio measures how long it takes to earn back the price you pay, the PE Ratio can be applied to the stocks across different industries. That is why it is the one of the most important and widely used indicators for the valuation of stocks.
Investors need to be aware that the PE Ratio can be misleading a lot of times, especially when the underlying business is cyclical and unpredictable. As Peter Lynch pointed out, cyclical businesses have higher profit margins at the peaks of the business cycles. Their earnings are high and PE Ratio s are artificially low. It is usually a bad idea to buy a cyclical business when the PE Ratio is low. A better ratio to identify the time to buy a cyclical businesses is the PS Ratio.
Union Bank of Taiwan PE Ratio without NRI Related Terms
Union Bank of Taiwan PE Ratio without NRI Historical Data
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The historical data trend for Union Bank of Taiwan's PE Ratio without NRI 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 PE Ratio without NRI Competitor Comparison
For the Banks - Regional subindustry, Union Bank of Taiwan's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Banks Industry
For the Banks industry and Financial Services sector, Union Bank of Taiwan's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Union Bank of Taiwan's PE Ratio without NRI falls into.
Union Bank of Taiwan PE Ratio without NRI Calculation
The PE Ratio without NRI, or P/E Ratio without non-recurring items, is a financial ratio used to compare a company's market price to its EPS without NRI. Regular PE Ratio can be affected by Non Operating Income such as the sale of part of businesses. This may increase for the current year or quarter dramatically. But it cannot be repeated over and over. Therefore PE Ratio without NRI is a more accurate indication of valuation than regular PE Ratio.
Union Bank of Taiwan's Share Price of today is NT$22.90.
Union Bank of Taiwan's EPS without NRI for the trailing twelve months (TTM) ended in Dec. 2025 adds up the quarterly data reported by the company within the most recent 12 months, which was NT$1.25.
* 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.
There are at least three kinds of PE Ratios used by different investors. They are Trailing Twelve Month PE Ratio, Forward PE Ratio, or PE Ratio without NRI. A new PE Ratio based on inflation-adjusted normalized PE Ratio is called Shiller PE Ratio, after Yale professor Robert Shiller.
In the case of PE Ratio without NRI, the reported earnings less the non-recurring items are used.
In the calculation of PE Ratio (TTM), the earnings per share used are the earnings per share over the past 12 months.
For Forward PE Ratio, the earnings are the expected earnings for the next twelve months.
For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. Since it looks at the average over the last 10 years, Shiller PE Ratio is also called PE10.
Union Bank of Taiwan (TPE:2838) has a PE Ratio without NRI of 18.26 as of Jul. 05, 2026. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Union Bank of Taiwan and its competitors. This is 55% above median its historical median of 11.76. Over the past decade, Union Bank of Taiwan's PE Ratio without NRI has ranged from 7.35 to 18.72. According to the industry distribution chart, Union Bank of Taiwan ranks #1210 out of 1451 companies in the Banks industry, placing it in the top 83.4%.
Is Union Bank of Taiwan's PE Ratio without NRI too high?
Union Bank of Taiwan's current PE Ratio without NRI of 18.26 is 55% above median its 10-year median of 11.76. Over the past 10 years, this metric has ranged from a low of 7.35 to a high of 18.72. The Banks industry median PE Ratio without NRI is 11.47. Union Bank of Taiwan's value of 18.26 is 59.2% above this industry median. Based on the distribution chart, Union Bank of Taiwan ranks #1210 out of 1451 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Union Bank of Taiwan has a GF Score™ of 80/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Union Bank of Taiwan's PE Ratio without NRI compare to competitors?
According to the Banks industry distribution chart, Union Bank of Taiwan ranks #1210 out of 1451 companies for PE Ratio without NRI. This places Union Bank of Taiwan in the lower half of its industry. The industry median PE Ratio without NRI is 11.47. Union Bank of Taiwan's value of 18.26 is 59.2% above this benchmark. Historically, Union Bank of Taiwan's own PE Ratio without NRI has ranged from 7.35 to 18.72 over the past decade. While the company's 10-year median is 11.76 vs. the industry median of 11.47, Union Bank of Taiwan has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PE Ratio without NRI for a Banks company?
The median PE Ratio without NRI among Banks companies is 11.47, based on 1,451 companies in the industry. Companies in the top quartile (top 25%) have a PE Ratio without NRI significantly above this median, while those in the bottom quartile fall well below. However, PE Ratio without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Union Bank of Taiwan's current PE Ratio without NRI of 18.26 is 59.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PE Ratio without NRI mean?
A high PE Ratio without NRI can signal that a stock is expensive relative to its fundamentals. P/E without nonrecurring items is the ratio of share price to a company's earnings less one-time charges. View historical data on Union Bank of Taiwan and its competitors. For the Banks industry, the median PE Ratio without NRI is 11.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Bank of Taiwan's current PE Ratio without NRI is 18.26, which is 55% above median its own 10-year median of 11.76. 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$16.27, compared to a current price of NT$22.90 — trading 40.7% above its estimated fair value. The current PE Ratio without NRI is 18.26, which is 55% above median its 10-year median of 11.76 and 59.2% above the Banks industry median of 11.47. Union Bank of Taiwan's overall GF Score™ is 80/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PE Ratio without NRI calculated?
PE Ratio without NRI is calculated from a company's financial statements. For Union Bank of Taiwan (TPE:2838), the current PE Ratio without NRI is 18.26 as of Jul. 05, 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 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$22.90 is trading 40.7% above its estimated GF Value™ of NT$16.27.
GuruFocus considers Union Bank of Taiwan to be Significantly Overvalued.
Key valuation signals for TPE:2838:
PE Ratio without NRI: 18.26 (55% above median its 10-year median of 11.76)
GF Value™: NT$16.27 vs. price of NT$22.90 (40.7% above fair value)
Industry Position: 59.2% above the Banks median (#1210 of 1451)
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 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.
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PE Ratio without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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