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UGI (FRA:3U6) Cyclically Adjusted PB Ratio : 0.99 (As of Sep. 25, 2024)


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What is UGI Cyclically Adjusted PB Ratio?

As of today (2024-09-25), UGI's current share price is €22.15. UGI's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 was €22.29. UGI's Cyclically Adjusted PB Ratio for today is 0.99.

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

FRA:3U6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 2.74   Max: 3.75
Current: 1

During the past years, UGI's highest Cyclically Adjusted PB Ratio was 3.75. The lowest was 0.87. And the median was 2.74.

FRA:3U6's Cyclically Adjusted PB Ratio is ranked better than
66.28% of 436 companies
in the Utilities - Regulated industry
Industry Median: 1.48 vs FRA:3U6: 1.00

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.

UGI's adjusted book value per share data for the three months ended in Jun. 2024 was €20.254. 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 €22.29 for the trailing ten years ended in Jun. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


UGI Cyclically Adjusted PB Ratio Historical Data

The historical data trend for UGI'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.

* Premium members only.

UGI Cyclically Adjusted PB Ratio Chart

UGI Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 1.83 2.15 1.43 0.97

UGI Quarterly Data
Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
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 1.15 0.97 1.04 1.02 0.94

Competitive Comparison of UGI's Cyclically Adjusted PB Ratio

For the Utilities - Regulated Gas subindustry, UGI'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.


UGI's Cyclically Adjusted PB Ratio Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, UGI's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



UGI 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.

UGI's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=22.15/22.29
=0.99

* 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.

UGI's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2024 is calculated as:

For example, UGI's adjusted Book Value per Share data for the three months ended in Jun. 2024 was:

Adj_Book=Book Value per Share/CPI of Jun. 2024 (Change)*Current CPI (Jun. 2024)
=20.254/132.5538*132.5538
=20.254

Current CPI (Jun. 2024) = 132.5538.

UGI Quarterly Data

Book Value per Share CPI Adj_Book
201409 11.978 100.428 15.810
201412 12.458 99.070 16.669
201503 15.032 99.621 20.001
201506 14.212 100.684 18.711
201509 13.914 100.392 18.372
201512 14.480 99.792 19.234
201603 15.313 100.470 20.203
201606 15.220 101.688 19.840
201609 14.651 101.861 19.066
201612 16.375 101.863 21.309
201703 17.105 102.862 22.042
201706 16.340 103.349 20.957
201709 15.328 104.136 19.511
201712 17.089 104.011 21.779
201803 17.676 105.290 22.253
201806 18.335 106.317 22.860
201809 18.158 106.507 22.599
201812 18.551 105.998 23.199
201903 19.576 107.251 24.195
201906 19.404 108.070 23.800
201909 16.583 108.329 20.291
201912 17.204 108.420 21.034
202003 17.657 108.902 21.492
202006 17.516 108.767 21.347
202009 16.821 109.815 20.304
202012 17.505 109.897 21.114
202103 19.309 111.754 22.903
202106 19.329 114.631 22.351
202109 21.569 115.734 24.704
202112 21.636 117.630 24.381
202203 26.096 121.301 28.517
202206 26.312 125.017 27.898
202209 28.452 125.227 30.117
202212 22.573 125.222 23.895
202303 22.434 127.348 23.351
202306 18.455 128.729 19.003
202309 18.870 129.860 19.262
202312 18.629 129.419 19.080
202403 20.428 131.776 20.549
202406 20.254 132.554 20.254

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.


UGI  (FRA:3U6) 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.


UGI Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of UGI's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


UGI Business Description

Industry
Traded in Other Exchanges
Address
500 North Gulph Road, King of Prussia, PA, USA, 19406
UGI Corp is an American holding company that, through its subsidiaries, is involved in the transport and marketing of energy and related services. Its segments include AmeriGas Propane, UGI International, Midstream & Marketing and UGI Utilities. The AmeriGas Propane segment consists of the propane distribution business. The UGI International segment consists of LPG distribution businesses. The Midstream & Marketing segment consists of energy-related businesses. The UGI Utilities segment consists of the regulated natural gas and electric distribution. The company derives a majority of its revenue from the UGI International segment.

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