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Ultrapar Participacoes (BSP:UGPA3) Cyclically Adjusted Book per Share : R$8.23 (As of Mar. 2025)


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What is Ultrapar Participacoes Cyclically Adjusted Book per Share?

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Ultrapar Participacoes's adjusted book value per share for the three months ended in Mar. 2025 was R$14.132. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$8.23 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Ultrapar Participacoes's average Cyclically Adjusted Book Growth Rate was 17.40% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 16.80% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 15.70% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 6.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Ultrapar Participacoes was 17.70% per year. The lowest was -2.30% per year. And the median was 3.40% per year.

As of today (2025-06-01), Ultrapar Participacoes's current stock price is R$16.29. Ultrapar Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was R$8.23. Ultrapar Participacoes's Cyclically Adjusted PB Ratio of today is 1.98.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ultrapar Participacoes was 4.60. The lowest was 1.29. And the median was 2.96.


Ultrapar Participacoes Cyclically Adjusted Book per Share Historical Data

The historical data trend for Ultrapar Participacoes's Cyclically Adjusted Book per Share 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.

* Premium members only.

Ultrapar Participacoes Cyclically Adjusted Book per Share Chart

Ultrapar Participacoes Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.13 4.93 5.78 6.73 7.86

Ultrapar Participacoes Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.01 7.28 7.54 7.86 8.23

Competitive Comparison of Ultrapar Participacoes's Cyclically Adjusted Book per Share

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


Ultrapar Participacoes's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Ultrapar Participacoes's Cyclically Adjusted PB Ratio falls into.


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Ultrapar Participacoes Cyclically Adjusted Book per Share Calculation

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. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

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.

For example, Ultrapar Participacoes's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=14.132/168.1016*168.1016
=14.132

Current CPI (Mar. 2025) = 168.1016.

Ultrapar Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201506 3.345 100.006 5.623
201509 3.291 101.392 5.456
201512 3.289 104.247 5.304
201603 3.343 106.979 5.253
201606 3.469 108.851 5.357
201609 3.475 109.986 5.311
201612 3.496 110.802 5.304
201703 3.638 111.869 5.467
201706 3.720 112.115 5.578
201709 3.779 112.777 5.633
201712 3.920 114.068 5.777
201803 3.781 114.868 5.533
201806 3.825 117.038 5.494
201809 3.903 117.881 5.566
201812 4.008 118.340 5.693
201903 4.061 120.124 5.683
201906 4.112 120.977 5.714
201909 4.110 121.292 5.696
201912 4.012 123.436 5.464
202003 3.860 124.092 5.229
202006 3.860 123.557 5.252
202009 3.990 125.095 5.362
202012 4.037 129.012 5.260
202103 4.050 131.660 5.171
202106 8.864 133.871 11.131
202109 8.984 137.913 10.951
202112 9.251 141.992 10.952
202203 9.664 146.537 11.086
202206 9.956 149.784 11.174
202209 10.020 147.800 11.396
202212 10.752 150.207 12.033
202303 10.919 153.352 11.969
202306 11.103 154.519 12.079
202309 11.658 155.464 12.606
202312 12.397 157.148 13.261
202403 12.690 159.372 13.385
202406 13.095 161.052 13.668
202409 13.479 162.342 13.957
202412 14.009 164.740 14.295
202503 14.132 168.102 14.132

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Ultrapar Participacoes  (BSP:UGPA3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Ultrapar Participacoes's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.29/8.23
=1.98

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Ultrapar Participacoes was 4.60. The lowest was 1.29. And the median was 2.96.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Ultrapar Participacoes Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Ultrapar Participacoes's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Ultrapar Participacoes Business Description

Industry
Traded in Other Exchanges
Address
Brigadeiro Luis Antonio Avenue, 1343, 9th Floor, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. The Ipiranga engages in the distribution and sale of oil-related products, biofuels, and similar products to service stations that operate under the Ipiranga brand throughout Brazil and to consumers and carrier-reseller-retailer. The Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers of Brazil.

Ultrapar Participacoes Headlines

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