United Overseas Bank Ltd (UOVEY) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of United Overseas Bank Ltd $47.30, price $67.38, upside -29.8%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range $29.44 – $69.63 · fair‑value band $42.79 – $61.11 · the $67.38 price screens above the $47.30 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 29, 2026.
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United Overseas Bank Limited, together with its subsidiaries, provides banking products and services worldwide. It operates through three segments: Group Retail, Group Wholesale Banking, and Global Markets.
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United Overseas Bank Limited, together with its subsidiaries, provides banking products and services worldwide. It operates through three segments: Group Retail, Group Wholesale Banking, and Global Markets. The company offers deposit products; loan products, including overdraft, cash credit, short term, and long-term loans; and buyers credit, structured trade finance, ECBs, SGD bonds, loan syndication, and M and A services. It provides forex, documentary collection, credit, export and import finance services. In addition, the company offers inward and outward remittances, FX" spot and forward, current account, and time deposit services; letter of credit advising and negotiation/discounting services; and import and export services comprising of inward and outward bill collection services, bank guarantee, as well as standby letter of credit. Further, it provides interest rate, credit, commodities, equities, and structured investment products; private, commercial and corporate, and investment banking services; and is involved in property, insurance, and investment management activities. Additionally, the company offers corporate finance, treasury, futures broking, asset management, venture capital management, insurance, stockbroking, cash management, and wealth management services; and engages in capital market, credit card, and private residential home loan businesses. The company was incorporated in 1935 and is headquartered in Singapore.
Stock analysis
United Overseas Bank Ltd ADR (UOVEY) currently trades at $67.38, while our model-based Fair Value estimate is $47.30, 29.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $56.71 per share, and 1 of the 4 models we run sit above the $67.38 price.
Bear case: the Asset-Based group reads lowest at $32.51, and 3 of the 4 models stay below the price. Evidence for this calculation is medium.
Scenario range: $42.79 (bear) to $61.11 (bull), the price of $67.38 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
United Overseas Bank Ltd ADR reported revenue of 25.7B SGD in FY2025 versus 9.1B SGD in FY2021, a compound +29.5%/yr. Reported net income was 4.6B SGD in FY2025, compounding +3.1%/yr from FY2021.
Key figures
Market cap $57.4B · P/E ratio 15.9 · P/S ratio 2.84 · EPS (TTM) $4.25 · Dividend yield 2.3% · Net margin 17.9% · Return on equity 9.2% · Return on assets (EBIT) 1.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 3% below its 52-week high and 33% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at −30%, UOVEY screens cheaper than that median.
Fair Value models
Bear $42.79Fair Value $47.30Bull $61.11
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($2.03 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+79.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+32.8%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+27.5%
Start year 2020 (pandemic). Over 10 years: +8.9% a year
Revenue growth 27 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+10.5%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+4.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.2%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.2.2% vs 3.3%, steady
Profit margin 1998 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.118% → 22%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
−7.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −10.1% a year for the forecasts.
News mood ⓘNews mood, the average tone of recent news (97 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Neutral
Recent news coverage is roughly neutral, about typical for how stocks are covered.
Compare United Overseas Bank Ltd ADR with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1053 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−11.6% · Above median
Profitability
Return on equity (TTM)9.2% · Below median
Return on assets0.9% · Below median
Net margin (TTM)39.8% · Top 25%
Operating margin (TTM)52.7% · Top 25%
Growth and dividend
Revenue growth−4.4% · Bottom 25%
Dividend yield (TTM)2.3% · Below median
Balance sheet
Debt / equity0.02× · Lowest 25%
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "United Overseas Bank Ltd ADR Fair Value". https://www.fairvalue-calculator.com/stock/UOVEY
Frequently asked questions
Is United Overseas Bank Ltd (UOVEY) overvalued or undervalued?
As of Sep 29, 2026, our model estimates a fair value of $47.30 versus a price of $67.38, about −30% upside (overvalued).
What is the fair value of UOVEY?
Our model-based fair value for United Overseas Bank Ltd ADR is $47.30 (as of Sep 29, 2026), built from audited fundamentals. The current price: $67.38.
What is the quality score of UOVEY?
United Overseas Bank Ltd ADR has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for United Overseas Bank Ltd (UOVEY)?
Our model-based price target is the fair value of $47.30 (as of Sep 29, 2026) from 4 valuation models. Cautious scenario $42.79, optimistic scenario $61.11. It is a calculation from audited fundamentals, not an analyst target.
What is the United Overseas Bank Ltd ADR stock forecast for 2026?
Our models put fair value at $47.30, about −30% upside versus a price of $67.38 (overvalued). Cautious scenario $42.79, optimistic scenario $61.11. The calculation is refreshed regularly with new filings.
What is the revenue of United Overseas Bank Ltd (UOVEY)?
United Overseas Bank Ltd ADR reported trailing-twelve-month revenue of about $11.6B (latest available figure, as of Sep 29, 2026).
Does United Overseas Bank Ltd ADR pay a dividend?
United Overseas Bank Ltd ADR currently shows a dividend yield of about 2.32% relative to its recent price (as of Sep 29, 2026).
What growth is priced into United Overseas Bank Ltd (UOVEY)?
For today's price to be fair in a discounted-cash-flow model, United Overseas Bank Ltd ADR would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +27.5 % per year. As of Sep 29, 2026.
What discount rate (WACC) does the fair value of UOVEY use?
Our models discount United Overseas Bank Ltd ADR at 8.1 %: a base by market capitalisation (large), damped by beta 0.38, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For United Overseas Bank Ltd ADR that is less than minus 40 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has United Overseas Bank Ltd (UOVEY) delivered so far?
Over the past 5 years revenue at United Overseas Bank Ltd ADR grew +27.5 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of United Overseas Bank Ltd (UOVEY) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into United Overseas Bank Ltd ADR (less than minus 40 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of United Overseas Bank Ltd (UOVEY)?
The free-cash-flow yield on the price is 7.53 %: that much free cash flow United Overseas Bank Ltd ADR produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of United Overseas Bank Ltd (UOVEY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For United Overseas Bank Ltd ADR it is $47.30 per share (as of Sep 29, 2026), against a price of $67.38. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is United Overseas Bank Ltd ADR stock overvalued or undervalued in 2026?
As of Sep 29, 2026, UOVEY trades above its calculated fair value: price $67.38, fair value $47.30, a gap of about −30% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of UOVEY?
No. The price is what the market pays today ($67.38); the fair value is what the company's own numbers justify ($47.30). For United Overseas Bank Ltd ADR the two are $20.08 per share apart. That gap is exactly why we show both numbers side by side.
How much is United Overseas Bank Ltd ADR worth?
The market values United Overseas Bank Ltd ADR at about $57.4B (market capitalisation, as of Sep 29, 2026). Per share that is $67.38; our models calculate a fair value of $47.30 per share.
What do the bullish and bearish scenarios say about UOVEY?
Our models span a range for United Overseas Bank Ltd ADR: cautious scenario $42.79, base $47.30, optimistic $61.11 per share (as of Sep 29, 2026, price $67.38). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of UOVEY?
United Overseas Bank Ltd ADR trades at a price-to-earnings ratio of 15.9 (as of Sep 29, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $47.30 is built from several models across several years. Other multiples: PEG 2.1, P/B 1.1, P/S 4.9.
What is the PEG ratio of UOVEY?
The PEG ratio of United Overseas Bank Ltd ADR is 2.12 (P/E divided by earnings growth, as of Sep 29, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of United Overseas Bank Ltd (UOVEY)?
Balance-sheet figures for United Overseas Bank Ltd ADR (as of Sep 29, 2026): return on equity 9.2%, debt of 0.02 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is UOVEY from its 52-week high?
United Overseas Bank Ltd ADR trades at $67.38, about 3% below its 52-week high of $69.63 and 33% above the low of $50.50 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $47.30 is for.
Which stocks are comparable to United Overseas Bank Ltd ADR?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Mizuho Financial Group, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is United Overseas Bank Ltd ADR stock attractive at the current price?
The data as of Sep 29, 2026: price $67.38, calculated fair value $47.30 (−30%), Quality Score 56/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of UOVEY calculated?
We run United Overseas Bank Ltd ADR through 4 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $47.30, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. United Overseas Bank Ltd ADR itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of United Overseas Bank Ltd (UOVEY)?
The closing price on Oct 2, 2026 was $67.38. Our model-based fair value is $47.30, about −30% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with United Overseas Bank Ltd ADR right now?
The price sits above even our optimistic bull case ($61.11). The favourable scenario is already priced in. Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of United Overseas Bank Ltd (UOVEY) come from?
Earnings per share at United Overseas Bank Ltd ADR grew +5.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.3 %, EBIT margin −3.4 %, tax rate +0.1 %, residual (interest, one-offs) −1.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of United Overseas Bank Ltd ADR
How large is the market capitalisation of United Overseas Bank Ltd (UOVEY)?
The market capitalisation of United Overseas Bank Ltd ADR is $57.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of United Overseas Bank Ltd (UOVEY)?
The price-to-sales ratio of United Overseas Bank Ltd ADR is 2.84 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of United Overseas Bank Ltd (UOVEY)?
Earnings per share at United Overseas Bank Ltd ADR are $4.25 (price ÷ EPS = P/E 15.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of United Overseas Bank Ltd (UOVEY)?
The dividend yield of United Overseas Bank Ltd ADR is 2.3% (payout 36.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of United Overseas Bank Ltd (UOVEY)?
The net margin of United Overseas Bank Ltd ADR is 17.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of United Overseas Bank Ltd (UOVEY)?
The return on equity (ROE) of United Overseas Bank Ltd ADR is 9.2% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of United Overseas Bank Ltd (UOVEY)?
On an EBIT basis the return on assets of United Overseas Bank Ltd ADR is 1.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of United Overseas Bank Ltd (UOVEY)?
The operating margin of United Overseas Bank Ltd ADR is 52.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at United Overseas Bank Ltd (UOVEY)?
Revenue at United Overseas Bank Ltd ADR is growing −4.4% versus a year earlier (3y avg +32.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at United Overseas Bank Ltd (UOVEY)?
Earnings per share at United Overseas Bank Ltd ADR are growing −6.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does United Overseas Bank Ltd (UOVEY) hold?
United Overseas Bank Ltd ADR holds more cash than debt, $23.7B net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Sep 29, 2026