United Development Co QPSC (DSMD:UDCD) Cyclically Adjusted PB Ratio: 0.21 (As of Aug. 30, 2026) — 32% Below Median

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Founder & CEO of GuruFocus
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DSMD:UDCD United Development Co QPSC DSMD:UDCD
65 GF Score
Price ر.ق0.77
GF Value ر.ق1.22
Valuation Possible Value Trap
! 5 Warning Signs
View Full Analysis

What is United Development Co QPSC Cyclically Adjusted PB Ratio?

United Development Co QPSC DSMD:UDCD +2.25% 65 Cyclically Adjusted PB Ratio is 0.21 as of Aug. 30, 2026, which is 32% below its 10-year median of 0.31. GuruFocus rates DSMD:UDCD with a GF Score™ of 65/100 and a GF Value™ of ر.ق1.22 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,301 Real Estate companies, United Development Co QPSC ranks better than 80.02% on this metric.

As of today (2026-08-30), United Development Co QPSC's current share price is ر.ق0.772. United Development Co QPSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was ر.ق3.74. United Development Co QPSC's Cyclically Adjusted PB Ratio for today is 0.21.

The historical rank and industry rank for United Development Co QPSC's Cyclically Adjusted PB Ratio or its related term are showing as below:

DSMD:UDCD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.2   Med: 0.31   Max: 0.61
Current: 0.21

During the past years, United Development Co QPSC's highest Cyclically Adjusted PB Ratio was 0.61. The lowest was 0.20. And the median was 0.31.

DSMD:UDCD's Cyclically Adjusted PB Ratio is ranked better than
80.02% of 1301 companies
in the Real Estate industry
Industry Median: 0.67 vs DSMD:UDCD: 0.21

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.

United Development Co QPSC's adjusted book value per share data for the three months ended in Jun. 2026 was ر.ق3.251. 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 ر.ق3.74 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Development Co QPSC  (DSMD:UDCD) 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.


United Development Co QPSC Cyclically Adjusted PB Ratio Related Terms


United Development Co QPSC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for United Development Co QPSC'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.

United Development Co QPSC Cyclically Adjusted PB Ratio Chart

United Development Co QPSC 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 0.45 0.36 0.29 0.31 0.25

United Development Co QPSC Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.28 0.27 0.25 0.24 0.23

United Development Co QPSC Cyclically Adjusted PB Ratio Competitor Comparison

For the Real Estate - Development subindustry, United Development Co QPSC'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.


United Development Co QPSC Cyclically Adjusted PB Ratio vs Real Estate Industry

For the Real Estate industry and Real Estate sector, United Development Co QPSC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Development Co QPSC's Cyclically Adjusted PB Ratio falls into.


DSMD:UDCD
65GF Score
United Development Co QPSC DSMD:UDCD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Development Co QPSC 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.

United Development Co QPSC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.772/3.74
=0.21

* 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.

United Development Co QPSC's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, United Development Co QPSC's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.251/333.9520*333.9520
=3.251

Current CPI (Jun. 2026) = 333.9520.

United Development Co QPSC Quarterly Data

Book Value per Share CPI Adj_Book
201609 3.031 241.428 4.193
201612 3.078 241.432 4.258
201703 3.017 243.801 4.133
201706 3.032 244.955 4.134
201709 3.076 246.819 4.162
201712 3.128 246.524 4.237
201803 3.000 249.554 4.015
201806 3.014 251.989 3.994
201809 3.049 252.439 4.034
201812 3.066 251.233 4.075
201903 3.014 254.202 3.960
201906 3.029 256.143 3.949
201909 3.056 256.759 3.975
201912 3.082 256.974 4.005
202003 3.047 258.115 3.942
202006 3.057 257.797 3.960
202009 3.059 260.280 3.925
202012 3.094 260.474 3.967
202103 3.057 264.877 3.854
202106 3.082 271.696 3.788
202109 3.077 274.310 3.746
202112 3.085 278.802 3.695
202203 3.074 287.504 3.571
202206 3.099 296.311 3.493
202209 3.110 296.808 3.499
202212 3.137 296.797 3.530
202303 3.106 301.836 3.436
202306 3.135 305.109 3.431
202309 3.147 307.789 3.415
202312 3.191 306.746 3.474
202403 3.157 312.332 3.376
202406 3.177 314.175 3.377
202409 3.205 315.301 3.395
202412 3.254 315.605 3.443
202503 3.219 319.799 3.361
202506 3.240 322.561 3.354
202509 3.268 324.800 3.360
202512 3.272 324.054 3.372
202603 3.238 330.213 3.275
202606 3.251 333.952 3.251

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 0.21 mean?
United Development Co QPSC (DSMD:UDCD) has a Cyclically Adjusted PB Ratio of 0.21 as of Aug. 30, 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 United Development Co QPSC and its competitors. This is 32% below median its historical median of 0.31. Over the past decade, United Development Co QPSC's Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.61. According to the industry distribution chart, United Development Co QPSC ranks #260 out of 1301 companies in the Real Estate industry, placing it in the top 20%.
Is United Development Co QPSC's Cyclically Adjusted PB Ratio too high?
United Development Co QPSC's current Cyclically Adjusted PB Ratio of 0.21 is 32% below median its 10-year median of 0.31. Over the past 10 years, this metric has ranged from a low of 0.20 to a high of 0.61. The Real Estate industry median Cyclically Adjusted PB Ratio is 0.67. United Development Co QPSC's value of 0.21 is 68.7% below this industry median. Based on the distribution chart, United Development Co QPSC ranks #260 out of 1301 companies in the Real Estate industry, which is in the top quartile — a strong position relative to peers. Overall, United Development Co QPSC has a GF Score™ of 65/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does United Development Co QPSC's Cyclically Adjusted PB Ratio compare to competitors?
According to the Real Estate industry distribution chart, United Development Co QPSC ranks #260 out of 1301 companies for Cyclically Adjusted PB Ratio. This places United Development Co QPSC in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.67. United Development Co QPSC's value of 0.21 is 68.7% below this benchmark. Historically, United Development Co QPSC's own Cyclically Adjusted PB Ratio has ranged from 0.20 to 0.61 over the past decade. While the company's 10-year median is 0.31 vs. the industry median of 0.67, United Development Co QPSC 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 Real Estate company?
The median Cyclically Adjusted PB Ratio among Real Estate companies is 0.67, based on 1,301 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. United Development Co QPSC's current Cyclically Adjusted PB Ratio of 0.21 is 68.7% 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 United Development Co QPSC and its competitors. For the Real Estate industry, the median Cyclically Adjusted PB Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Development Co QPSC's current Cyclically Adjusted PB Ratio is 0.21, which is 32% below median its own 10-year median of 0.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Development Co QPSC stock overvalued right now?
Based on GuruFocus' analysis, United Development Co QPSC (DSMD:UDCD) is currently considered Possible Value Trap. The stock's GF Value™ is ر.ق1.22, compared to a current price of ر.ق0.77 — trading 36.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.21, which is 32% below median its 10-year median of 0.31 and 68.7% below the Real Estate industry median of 0.67. United Development Co QPSC's overall GF Score™ is 65/100 with 5 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 United Development Co QPSC (DSMD:UDCD), the current Cyclically Adjusted PB Ratio is 0.21 as of Aug. 30, 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 United Development Co QPSC (DSMD:UDCD) Overvalued in 2026?

Based on GuruFocus' analysis, United Development Co QPSC stock appears to be undervalued. The current stock price of ر.ق0.77 is trading 36.7% below its estimated GF Value™ of ر.ق1.22. GuruFocus considers United Development Co QPSC to be Possible Value Trap.

Key valuation signals for DSMD:UDCD:

  • Cyclically Adjusted PB Ratio: 0.21 (32% below median its 10-year median of 0.31)
  • GF Value™: ر.ق1.22 vs. price of ر.ق0.77 (36.7% below fair value)
  • GF Score™: 65/100 with 5 warning signs
  • Industry Position: 68.7% below the Real Estate median (#260 of 1301)

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


United Development Co QPSC Business Description

Address Al Fardan Commercial Towers, Dafna Area, P.O. Box 7256, 24th Floor, Doha, QAT
United Development Co QPSC develops real estate for sale or rental in Qatar. It operates in six segments: Urban Development includes real estate development and construction activities; Hospitality & Leisure includes investment and development of hotels, leisure facilities, and the sale of luxurious items; Infrastructure & Utilities includes construction and management of district cooling systems and marina activities; Educational services includes providing educational services; Healthcare includes providing healthcare services; and Other operations include providing information technology solutions and other services. The majority of its revenue comes from the Urban Development segment.
65GF Score

Get the complete analysis for DSMD:UDCD

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

ر.ق0.77
Price
ر.ق1.22
GF Value