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United Bank for AfricaNSA:UBA -5.00%79 Shiller PE Ratio is 5.72 as of Sep. 09, 2026, which is 31% above its 10-year median of 4.35. GuruFocus rates NSA:UBA with a GF Score™ of 79/100 and a GF Value™ of ₦37.13 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,235 Banks companies, United Bank for Africa ranks better than 90.77% on this metric.
The historical rank and industry rank for United Bank for Africa's Shiller PE Ratio or its related term are showing as below:
NSA:UBA'
s Shiller PE Ratio Range Over the Past 10 Years
Min: 2.48 Med: 4.35 Max: 7.35
Current: 6.13
During the past years, United Bank for Africa's highest Shiller PE Ratio was 7.35. The lowest was 2.48. And the median was 4.35.
NSA:UBA's Shiller PE Ratio is ranked better than 90.77% of 1235
companies
in the Banks industry
Industry Median: 13.91
vs NSA:UBA: 6.13
E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years.
United Bank for Africa's adjusted earnings per share data for the three months ended in Dec. 2025 was ₦-3.900. Add all the adjusted EPS for the past 10 years together and divide 10 will get our E10, which is ₦7.48 for the trailing ten years ended in Dec. 2025.
Shiller PE for Stocks: The True Measure of Stock Valuation
United Bank for Africa (NSA:UBA) Shiller PE Ratio Explanation
Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.
If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.
Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.
Be Aware
Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.
United Bank for Africa Shiller PE Ratio Related Terms
United Bank for Africa Shiller PE Ratio Historical Data
* Premium members only.
The historical data trend for United Bank for Africa's Shiller PE Ratio 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.
NSA:UBA vs JPM, BAC, WFC: Shiller PE Ratio Comparison
For the Banks - Diversified subindustry, United Bank for Africa'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 Bank for Africa Shiller PE Ratio vs Banks Industry
For the Banks industry and Financial Services sector, United Bank for Africa's Shiller PE Ratio distribution charts can be found below:
* The bar in red indicates where United Bank for Africa's Shiller PE Ratio falls into.
United Bank for Africa Shiller PE Ratio Calculation
For Shiller PE Ratio, 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 PE Ratio is also called PE10.
The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.
* 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.
Add all the adjusted EPS together and divide 10 will get our 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.
United Bank for Africa (NSA:UBA) has a Shiller PE Ratio of 5.72 as of Sep. 09, 2026. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on United Bank for Africa and its competitors. This is 31% above median its historical median of 4.35. Over the past decade, United Bank for Africa's Shiller PE Ratio has ranged from 2.48 to 7.35. According to the industry distribution chart, United Bank for Africa ranks #114 out of 1235 companies in the Banks industry, placing it in the top 9.2%.
Is United Bank for Africa's Shiller PE Ratio too high?
United Bank for Africa's current Shiller PE Ratio of 5.72 is 31% above median its 10-year median of 4.35. Over the past 10 years, this metric has ranged from a low of 2.48 to a high of 7.35. The Banks industry median Shiller PE Ratio is 13.91. United Bank for Africa's value of 5.72 is 58.9% below this industry median. Based on the distribution chart, United Bank for Africa ranks #114 out of 1235 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, United Bank for Africa has a GF Score™ of 79/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Bank for Africa's Shiller PE Ratio compare to JPM and BAC?
According to the Banks industry distribution chart, United Bank for Africa ranks #114 out of 1235 companies for Shiller PE Ratio. This places United Bank for Africa in the top 9% of its industry — outperforming the majority of peers. The industry median Shiller PE Ratio is 13.91. United Bank for Africa's value of 5.72 is 58.9% below this benchmark. Historically, United Bank for Africa's own Shiller PE Ratio has ranged from 2.48 to 7.35 over the past decade. While the company's 10-year median is 4.35 vs. the industry median of 13.91, United Bank for Africa has consistently been below 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 Shiller PE Ratio for a Banks company?
The median Shiller PE Ratio among Banks companies is 13.91, based on 1,235 companies in the industry. Companies in the top quartile (top 25%) have a Shiller PE Ratio significantly above this median, while those in the bottom quartile fall well below. However, Shiller PE Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. United Bank for Africa's current Shiller PE Ratio of 5.72 is 58.9% below 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 Shiller PE Ratio mean?
A high Shiller PE Ratio can signal that a stock is expensive relative to its fundamentals. Shiller price-earnings ratio is the ratio of share price to a company's inflation-adjusted earnings over a 10-year period. View historical data on United Bank for Africa and its competitors. For the Banks industry, the median Shiller PE Ratio is 13.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Bank for Africa's current Shiller PE Ratio is 5.72, which is 31% above median its own 10-year median of 4.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Bank for Africa stock overvalued right now?
Based on GuruFocus' analysis, United Bank for Africa (NSA:UBA) is currently considered Modestly Overvalued. The stock's GF Value™ is ₦37.13, compared to a current price of ₦42.75 — trading 15.1% above its estimated fair value. The current Shiller PE Ratio is 5.72, which is 31% above median its 10-year median of 4.35 and 58.9% below the Banks industry median of 13.91. United Bank for Africa's overall GF Score™ is 79/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shiller PE Ratio calculated?
Shiller PE Ratio is calculated from a company's financial statements. For United Bank for Africa (NSA:UBA), the current Shiller PE Ratio is 5.72 as of Sep. 09, 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 Bank for Africa (NSA:UBA) Overvalued in 2026?
Based on GuruFocus' analysis, United Bank for Africa stock appears to be overvalued.
The current stock price of ₦42.75 is trading 15.1% above its estimated GF Value™ of ₦37.13.
GuruFocus considers United Bank for Africa to be Modestly Overvalued.
Key valuation signals for NSA:UBA:
Shiller PE Ratio: 5.72 (31% above median its 10-year median of 4.35)
GF Value™: ₦37.13 vs. price of ₦42.75 (15.1% above fair value)
Industry Position: 58.9% below the Banks median (#114 of 1235)
No single metric tells the full story. See the NSA:UBA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
United Bank for Africa PLC is a financial services institution. It offers banking and other financial and pension fund custody services. The geographical segments are Nigeria, the Rest of Africa and the Rest of the world. The business segments of the company are 1) Corporate Banking, which provides financial solutions to multinationals, regional companies, state-owned companies, non-governmental organizations, international and multinational organizations and financial institutions. 2) Retail/ Commercial banking segment products and services to the middle and retail segments of the market. 3) Treasury and Financial Markets segment provide financing and risk management solutions and advisory services to the company's corporate and institutional customers.
79GF Score
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