UBP

When you examine Philippine banks, UBP should be one of the lowest in terms of PE ratio. Its eps growth has been consistent these past few years even through the 2008 crisis. Based on chart, its price movement can be likened to ABS in the beginning stages. Now ABS is in the level above its long term resting zone 46-56. Way above its 2007 peak of 38.5. UBP had its 2007 peak at 66 while long term resting zone is at 75-87 level. Its immediate resting zone is at 50-52 level.