UBL United Bank Limited
Figures as of the 23 Jul 2026 session · prices in Rs (PKR) · educational research, not investment advice
The short version
United Bank Limited (UBL) trades on the Pakistan Stock Exchange in the Commercial Banks sector. It carries a market capitalisation of about 1.13T. The shares change hands at roughly 7.49 times trailing earnings. Over the last month the price has moved higher by about 5.3%. It has a dividend record running from 2020 to 2026, and currently shows a yield of 7.08%. The desk values it 4 ways and the methods disagree: 1 sit above today's price and 3 below, a moderate spread. This is research, not advice, and nothing here is a recommendation.
How the valuation models sit
The desk values UBL 4 independent ways — a peer multiple, its earnings power against the bond yield, a Graham-style estimate and a dividend model. Those are the counts above; the spread between them is moderate. A narrower spread means the methods broadly agree with each other. Which methods, what they produced and the workings behind each are in the desk.
Key figures
Dividend record
Ex-dividend dates and amounts as announced to the exchange — the record here runs from 2020 to 2026. Public record; shown so the pattern of payment is visible, not as a forecast that it continues.
| Ex-date | Rs / share |
|---|---|
| 23 Apr 2026 | 8.00 |
| 19 Mar 2026 | 8.00 |
| 23 Oct 2025 | 8.00 |
| 18 Jul 2025 | 8.00 |
| 28 Apr 2025 | 5.50 |
| 11 Mar 2025 | 5.50 |
| 1 Nov 2024 | 5.50 |
| 8 Aug 2024 | 5.50 |
| 25 Apr 2024 | 5.50 |
| 7 Mar 2024 | 5.50 |
| 3 Nov 2023 | 5.50 |
| 31 Jul 2023 | 5.50 |
What the desk holds on UBL
- The four valuation methods, their values and full workings
- Rule-based strategies tested on UBL's own ~19-year price history
- The analyst Desk Room debate — a bull case, a bear case and a chair's view with its dissent recorded
- Dated, falsifiable calls scored in public against what prices actually did
Free account. Research and analytics, never investment advice.