Union Properties PJSC (DFM:UPP) Cyclically Adjusted PB Ratio: 0.78 (As of Jul. 09, 2026) — 136% Above Median


DFM:UPP Union Properties PJSC DFM:UPP
44 GF Score
Price د.إ0.68
GF Value د.إ0.77
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Union Properties PJSC Cyclically Adjusted PB Ratio?

Union Properties PJSC DFM:UPP -1.89% 44 Cyclically Adjusted PB Ratio is 0.78 as of Jul. 09, 2026, which is 136% above its 10-year median of 0.33. GuruFocus rates DFM:UPP with a GF Score™ of 44/100 and a GF Value™ of د.إ0.77 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 477 Conglomerates companies, Union Properties PJSC ranks better than 59.54% on this metric.

As of today (2026-07-09), Union Properties PJSC's current share price is د.إ0.675. Union Properties PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was د.إ0.86. Union Properties PJSC's Cyclically Adjusted PB Ratio for today is 0.78.

The historical rank and industry rank for Union Properties PJSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

DFM:UPP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.16   Med: 0.33   Max: 1.05
Current: 0.8

During the past years, Union Properties PJSC's highest Cyclically Adjusted PB Ratio was 1.05. The lowest was 0.16. And the median was 0.33.

DFM:UPP's Cyclically Adjusted PB Ratio is ranked better than
59.54% of 477 companies
in the Conglomerates industry
Industry Median: 1.08 vs DFM:UPP: 0.80

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.

Union Properties PJSC's adjusted book value per share data for the three months ended in Mar. 2026 was د.إ0.854. 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 د.إ0.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Union Properties PJSC  (DFM:UPP) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Union Properties PJSC Cyclically Adjusted PB Ratio Related Terms


Union Properties PJSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Union Properties PJSC's Cyclically Adjusted PB 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.

Union Properties PJSC Cyclically Adjusted PB Ratio Chart

Union Properties PJSC Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.32 0.28 0.29 0.44 0.96

Union Properties PJSC Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 0.60 0.79 0.91 0.96 0.81

DFM:UPP vs HON, MMM: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Union Properties PJSC'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.


Union Properties PJSC Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Union Properties PJSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Union Properties PJSC's Cyclically Adjusted PB Ratio falls into.


DFM:UPP
44GF Score
Union Properties PJSC DFM:UPP
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Union Properties PJSC Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Union Properties PJSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.675/0.86
=0.78

* 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.

Union Properties PJSC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Union Properties PJSC's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=0.854/330.2130*330.2130
=0.854

Current CPI (Mar. 2026) = 330.2130.

Union Properties PJSC Quarterly Data

Book Value per Share CPI Adj_Book
201606 1.466 241.018 2.009
201609 1.378 241.428 1.885
201612 1.266 241.432 1.732
201703 1.405 243.801 1.903
201706 0.651 244.955 0.878
201709 0.640 246.819 0.856
201712 0.619 246.524 0.829
201803 0.662 249.554 0.876
201806 0.667 251.989 0.874
201809 0.653 252.439 0.854
201812 0.683 251.233 0.898
201903 0.725 254.202 0.942
201906 0.702 256.143 0.905
201909 0.683 256.759 0.878
201912 0.631 256.974 0.811
202003 0.603 258.115 0.771
202006 0.594 257.797 0.761
202009 0.709 260.280 0.899
202012 0.675 260.474 0.856
202103 0.676 264.877 0.843
202106 0.682 271.696 0.829
202109 0.675 274.310 0.813
202112 0.449 278.802 0.532
202203 0.446 287.504 0.512
202206 0.446 296.311 0.497
202209 0.447 296.808 0.497
202212 0.456 296.797 0.507
202303 0.459 301.836 0.502
202306 0.460 305.109 0.498
202309 0.465 307.789 0.499
202312 0.652 306.746 0.702
202403 0.655 312.332 0.692
202406 0.660 314.175 0.694
202409 0.664 315.301 0.695
202412 0.744 315.605 0.778
202503 0.745 319.799 0.769
202506 0.747 322.561 0.765
202509 0.776 324.800 0.789
202512 0.852 324.054 0.868
202603 0.854 330.213 0.854

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

What does a Cyclically Adjusted PB Ratio of 0.78 mean?
Union Properties PJSC (DFM:UPP) has a Cyclically Adjusted PB Ratio of 0.78 as of Jul. 09, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Union Properties PJSC and its competitors. This is 136% above median its historical median of 0.33. Over the past decade, Union Properties PJSC's Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.05. According to the industry distribution chart, Union Properties PJSC ranks #193 out of 477 companies in the Conglomerates industry, placing it in the top 40.5%.
Is Union Properties PJSC's Cyclically Adjusted PB Ratio too high?
Union Properties PJSC's current Cyclically Adjusted PB Ratio of 0.78 is 136% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.16 to a high of 1.05. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.08. Union Properties PJSC's value of 0.78 is 27.8% below this industry median. Based on the distribution chart, Union Properties PJSC ranks #193 out of 477 companies in the Conglomerates industry, which is above the industry midpoint. Overall, Union Properties PJSC has a GF Score™ of 44/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Union Properties PJSC's Cyclically Adjusted PB Ratio compare to HON and MMM?
According to the Conglomerates industry distribution chart, Union Properties PJSC ranks #193 out of 477 companies for Cyclically Adjusted PB Ratio. This puts Union Properties PJSC in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.08. Union Properties PJSC's value of 0.78 is 27.8% below this benchmark. Historically, Union Properties PJSC's own Cyclically Adjusted PB Ratio has ranged from 0.16 to 1.05 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 1.08, Union Properties PJSC 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 Cyclically Adjusted PB Ratio for a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.08, based on 477 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Union Properties PJSC's current Cyclically Adjusted PB Ratio of 0.78 is 27.8% 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 Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on Union Properties PJSC and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Union Properties PJSC's current Cyclically Adjusted PB Ratio is 0.78, which is 136% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Union Properties PJSC stock overvalued right now?
Based on GuruFocus' analysis, Union Properties PJSC (DFM:UPP) is currently considered Modestly Undervalued. The stock's GF Value™ is د.إ0.77, compared to a current price of د.إ0.68 — trading 12.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is 136% above median its 10-year median of 0.33 and 27.8% below the Conglomerates industry median of 1.08. Union Properties PJSC's overall GF Score™ is 44/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Union Properties PJSC (DFM:UPP), the current Cyclically Adjusted PB Ratio is 0.78 as of Jul. 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 Union Properties PJSC (DFM:UPP) Overvalued in 2026?

Based on GuruFocus' analysis, Union Properties PJSC stock appears to be undervalued. The current stock price of د.إ0.68 is trading 12.3% below its estimated GF Value™ of د.إ0.77. GuruFocus considers Union Properties PJSC to be Modestly Undervalued.

Key valuation signals for DFM:UPP:

  • Cyclically Adjusted PB Ratio: 0.78 (136% above median its 10-year median of 0.33)
  • GF Value™: د.إ0.77 vs. price of د.إ0.68 (12.3% below fair value)
  • GF Score™: 44/100 with 3 warning signs
  • Industry Position: 27.8% below the Conglomerates median (#193 of 477)

No single metric tells the full story. See the DFM:UPP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Union Properties PJSC Business Description

Address Union Business Park 1, P.O. Box 24649, Green Community East, Dubai Investment Park 1, Dubai, ARE
Union Properties PJSC is a property development company in the United Arab Emirates. The company has a wide range of projects in its portfolio, including residential, industrial, and leisure development projects. The firm operates out of four segments: Real estate property management, Contracting, Housekeeping, and Sales of goods and services. Property development and sales, and property rentals, compose the Real Estate property management segment. The Contracting segment involves mechanical, electrical, and plumbing work, as well as interior architecture construction. In goods and services, the company offers facility management and maintenance services, motor racing services, and engages in the sale of goods. Maximum revenue is generated from the Sales of goods and services segment.
44GF Score

Get the complete analysis for DFM:UPP

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

د.إ0.68
Price
د.إ0.77
GF Value