United Projects Co for Aviation Services KSCC (KUW:UPAC) Cyclically Adjusted PB Ratio: 0.50 (As of Aug. 07, 2026) — Near Median

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KUW:UPAC United Projects Co for Aviation Services KSCC KUW:UPAC
21 GF Score
Price KWD0.20
GF Value KWD0.04
Valuation Significantly Overvalued
! 5 Warning Signs
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What is United Projects Co for Aviation Services KSCC Cyclically Adjusted PB Ratio?

United Projects Co for Aviation Services KSCC KUW:UPAC +0.50% 21 Cyclically Adjusted PB Ratio is 0.50 as of Aug. 07, 2026, which is 4% above its 10-year median of 0.48. GuruFocus rates KUW:UPAC with a GF Score™ of 21/100 and a GF Value™ of KWD0.04 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 734 Transportation companies, United Projects Co for Aviation Services KSCC ranks better than 85.83% on this metric.

As of today (2026-08-07), United Projects Co for Aviation Services KSCC's current share price is KWD0.201. United Projects Co for Aviation Services KSCC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was KWD0.40. United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio for today is 0.50.

The historical rank and industry rank for United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio or its related term are showing as below:

KUW:UPAC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.32   Med: 0.48   Max: 0.75
Current: 0.48

During the past years, United Projects Co for Aviation Services KSCC's highest Cyclically Adjusted PB Ratio was 0.75. The lowest was 0.32. And the median was 0.48.

KUW:UPAC's Cyclically Adjusted PB Ratio is ranked better than
85.83% of 734 companies
in the Transportation industry
Industry Median: 1.27 vs KUW:UPAC: 0.48

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 Projects Co for Aviation Services KSCC's adjusted book value per share data for the three months ended in Mar. 2026 was KWD0.275. 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 KWD0.40 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Projects Co for Aviation Services KSCC  (KUW:UPAC) 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 Projects Co for Aviation Services KSCC Cyclically Adjusted PB Ratio Related Terms


United Projects Co for Aviation Services KSCC Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for United Projects Co for Aviation Services KSCC'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 Projects Co for Aviation Services KSCC Cyclically Adjusted PB Ratio Chart

United Projects Co for Aviation Services KSCC 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 0.63 0.50 0.45 0.39 0.55

United Projects Co for Aviation Services KSCC 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 0.42 0.37 0.63 0.55 0.39

KUW:UPAC vs JOBY, CAAP: Cyclically Adjusted PB Ratio Comparison

For the Airports & Air Services subindustry, United Projects Co for Aviation Services KSCC'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 Projects Co for Aviation Services KSCC Cyclically Adjusted PB Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio falls into.


KUW:UPAC
21GF Score
United Projects Co for Aviation Services KSCC KUW:UPAC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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United Projects Co for Aviation Services KSCC 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 Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.201/0.40
=0.50

* 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 Projects Co for Aviation Services KSCC's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, United Projects Co for Aviation Services KSCC'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)
=0.275/330.2130*330.2130
=0.275

Current CPI (Mar. 2026) = 330.2130.

United Projects Co for Aviation Services KSCC Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.257 241.018 0.352
201609 0.282 241.428 0.386
201612 0.305 241.432 0.417
201703 0.328 243.801 0.444
201706 0.351 244.955 0.473
201709 0.376 246.819 0.503
201712 0.401 246.524 0.537
201803 0.466 249.554 0.617
201806 0.369 251.989 0.484
201809 0.388 252.439 0.508
201812 0.405 251.233 0.532
201903 0.453 254.202 0.588
201906 0.444 256.143 0.572
201909 0.463 256.759 0.595
201912 0.476 256.974 0.612
202003 0.465 258.115 0.595
202006 0.450 257.797 0.576
202009 0.450 260.280 0.571
202012 0.267 260.474 0.338
202103 0.266 264.877 0.332
202106 0.269 271.696 0.327
202109 0.269 274.310 0.324
202112 0.270 278.802 0.320
202203 0.271 287.504 0.311
202206 0.273 296.311 0.304
202209 0.276 296.808 0.307
202212 0.274 296.797 0.305
202303 0.275 301.836 0.301
202306 0.275 305.109 0.298
202309 0.283 307.789 0.304
202312 0.278 306.746 0.299
202403 0.279 312.332 0.295
202406 0.281 314.175 0.295
202409 0.282 315.301 0.295
202412 0.280 315.605 0.293
202503 0.281 319.799 0.290
202506 0.281 322.561 0.288
202509 0.279 324.800 0.284
202512 0.277 324.054 0.282
202603 0.275 330.213 0.275

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 0.50 mean?
United Projects Co for Aviation Services KSCC (KUW:UPAC) has a Cyclically Adjusted PB Ratio of 0.50 as of Aug. 07, 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 Projects Co for Aviation Services KSCC and its competitors. This is near median its historical median of 0.48. Over the past decade, United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.75. According to the industry distribution chart, United Projects Co for Aviation Services KSCC ranks #104 out of 734 companies in the Transportation industry, placing it in the top 14.2%.
Is United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio too high?
United Projects Co for Aviation Services KSCC's current Cyclically Adjusted PB Ratio of 0.50 is near median its 10-year median of 0.48. Over the past 10 years, this metric has ranged from a low of 0.32 to a high of 0.75. The Transportation industry median Cyclically Adjusted PB Ratio is 1.27. United Projects Co for Aviation Services KSCC's value of 0.50 is 60.6% below this industry median. Based on the distribution chart, United Projects Co for Aviation Services KSCC ranks #104 out of 734 companies in the Transportation industry, which is in the top quartile — a strong position relative to peers. Overall, United Projects Co for Aviation Services KSCC has a GF Score™ of 21/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does United Projects Co for Aviation Services KSCC's Cyclically Adjusted PB Ratio compare to JOBY and CAAP?
According to the Transportation industry distribution chart, United Projects Co for Aviation Services KSCC ranks #104 out of 734 companies for Cyclically Adjusted PB Ratio. This places United Projects Co for Aviation Services KSCC in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. United Projects Co for Aviation Services KSCC's value of 0.50 is 60.6% below this benchmark. Historically, United Projects Co for Aviation Services KSCC's own Cyclically Adjusted PB Ratio has ranged from 0.32 to 0.75 over the past decade. While the company's 10-year median is 0.48 vs. the industry median of 1.27, United Projects Co for Aviation Services KSCC 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 Transportation company?
The median Cyclically Adjusted PB Ratio among Transportation companies is 1.27, based on 734 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 Projects Co for Aviation Services KSCC's current Cyclically Adjusted PB Ratio of 0.50 is 60.6% 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 Projects Co for Aviation Services KSCC and its competitors. For the Transportation industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. United Projects Co for Aviation Services KSCC's current Cyclically Adjusted PB Ratio is 0.50, which is near median its own 10-year median of 0.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Projects Co for Aviation Services KSCC stock overvalued right now?
Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC (KUW:UPAC) is currently considered Significantly Overvalued. The stock's GF Value™ is KWD0.04, compared to a current price of KWD0.20 — trading 402.5% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.50, which is near median its 10-year median of 0.48 and 60.6% below the Transportation industry median of 1.27. United Projects Co for Aviation Services KSCC's overall GF Score™ is 21/100 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 Projects Co for Aviation Services KSCC (KUW:UPAC), the current Cyclically Adjusted PB Ratio is 0.50 as of Aug. 07, 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 Projects Co for Aviation Services KSCC (KUW:UPAC) Overvalued in 2026?

Based on GuruFocus' analysis, United Projects Co for Aviation Services KSCC stock appears to be overvalued. The current stock price of KWD0.20 is trading 402.5% above its estimated GF Value™ of KWD0.04. GuruFocus considers United Projects Co for Aviation Services KSCC to be Significantly Overvalued.

Key valuation signals for KUW:UPAC:

  • Cyclically Adjusted PB Ratio: 0.50 (near median its 10-year median of 0.48)
  • GF Value™: KWD0.04 vs. price of KWD0.20 (402.5% above fair value)
  • GF Score™: 21/100 with 5 warning signs
  • Industry Position: 60.6% below the Transportation median (#104 of 734)

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


United Projects Co for Aviation Services KSCC Business Description

Address Salmiya - Salem Al-Mubarak Street and Arabian Gulf Street, Plot No. (1A/1) - Block No. (71) - Symphony Building - Floor No. (8). P.O Box 27068, Safat, Kuwait, KWT, 13131
United Projects Co for Aviation Services KSCC is a Kuwait-based company that provides full-service commercial real estate and facilities management. Its services include real estate management, project management and consultancy, as well as maintenance and facilities management services. The company's services are used by retailers, food and beverage companies, airline companies, and financial institutions. It is organised in two operating segments: Investments: consists of investing in the Project and surplus funds in investment portfolios. Service operations: consist of managing projects and providing airplane ground and cleaning services, and other service facilities. The Service Operations segment generates the maximum revenue for the company.
21GF Score

Get the complete analysis for KUW:UPAC

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

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