Uniper SE (MIL:1UN) Cyclically Adjusted PB Ratio: 0.10 (As of Jul. 27, 2026) — 25% Above Median

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MIL:1UN Uniper SE MIL:1UN
58 GF Score
Price €43.55
GF Value €32.28
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Uniper SE Cyclically Adjusted PB Ratio?

Uniper SE MIL:1UN 58 Cyclically Adjusted PB Ratio is 0.10 as of Jul. 27, 2026, which is 25% above its 10-year median of 0.08. GuruFocus rates MIL:1UN with a GF Score™ of 58/100 and a GF Value™ of €32.28 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 441 Utilities - Regulated companies, Uniper SE ranks better than 97.73% on this metric.

As of today (2026-07-27), Uniper SE's current share price is €43.55. Uniper SE's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €456.35. Uniper SE's Cyclically Adjusted PB Ratio for today is 0.10.

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

MIL:1UN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.06   Med: 0.08   Max: 0.12
Current: 0.1

During the past years, Uniper SE's highest Cyclically Adjusted PB Ratio was 0.12. The lowest was 0.06. And the median was 0.08.

MIL:1UN's Cyclically Adjusted PB Ratio is ranked better than
97.73% of 441 companies
in the Utilities - Regulated industry
Industry Median: 1.53 vs MIL:1UN: 0.10

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.

Uniper SE's adjusted book value per share data for the three months ended in Mar. 2026 was €29.356. 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 €456.35 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Uniper SE  (MIL:1UN) 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.


Uniper SE Cyclically Adjusted PB Ratio Related Terms


Uniper SE Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Uniper SE'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.

Uniper SE Cyclically Adjusted PB Ratio Chart

Uniper SE 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 0.00 0.00 0.00 0.08 0.08

Uniper SE 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 0.09 0.08 0.08 0.08 0.09

MIL:1UN vs ATO, NI, UGI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, Uniper SE'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.


Uniper SE Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

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


MIL:1UN
58GF Score
Uniper SE MIL:1UN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Uniper SE 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.

Uniper SE's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=43.55/456.35
=0.10

* 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.

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

For example, Uniper SE'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)
=29.356/131.2583*131.2583
=29.356

Current CPI (Mar. 2026) = 131.2583.

Uniper SE Quarterly Data

Book Value per Share CPI Adj_Book
201606 155.481 100.717 202.629
201609 549.678 101.017 714.236
201612 667.887 101.217 866.117
201703 725.325 101.417 938.748
201706 701.935 102.117 902.247
201709 683.353 102.717 873.231
201712 661.165 102.617 845.701
201803 657.777 102.917 838.914
201806 602.580 104.017 760.389
201809 602.634 104.718 755.372
201812 601.377 104.217 757.414
201903 647.502 104.217 815.507
201906 632.692 105.718 785.546
201909 631.053 106.018 781.294
201912 622.254 105.818 771.856
202003 619.685 105.718 769.397
202006 609.083 106.618 749.849
202009 569.680 105.818 706.643
202012 587.551 105.518 730.882
202103 649.306 107.518 792.675
202106 581.266 108.486 703.281
202109 327.522 109.435 392.837
202112 343.589 110.384 408.566
202203 145.644 113.968 167.740
202206 -275.112 115.760 -311.944
202209 -76.879 118.818 -84.928
202212 10.063 119.345 11.068
202303 25.910 122.402 27.785
202306 32.292 123.140 34.421
202309 33.263 124.195 35.155
202312 24.510 123.773 25.992
202403 25.440 125.038 26.706
202406 26.837 125.882 27.983
202409 26.753 126.198 27.826
202412 24.928 127.041 25.755
202503 25.329 127.779 26.019
202506 25.536 128.412 26.102
202509 26.412 129.255 26.821
202512 28.542 129.361 28.961
202603 29.356 131.258 29.356

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 0.10 mean?
Uniper SE (MIL:1UN) has a Cyclically Adjusted PB Ratio of 0.10 as of Jul. 27, 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 Uniper SE and its competitors. This is 25% above median its historical median of 0.08. Over the past decade, Uniper SE's Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.12. According to the industry distribution chart, Uniper SE ranks #10 out of 441 companies in the Utilities - Regulated industry, placing it in the top 2.3%.
Is Uniper SE's Cyclically Adjusted PB Ratio too high?
Uniper SE's current Cyclically Adjusted PB Ratio of 0.10 is 25% above median its 10-year median of 0.08. Over the past 10 years, this metric has ranged from a low of 0.06 to a high of 0.12. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Uniper SE's value of 0.10 is 93.5% below this industry median. Based on the distribution chart, Uniper SE ranks #10 out of 441 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Uniper SE has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Uniper SE's Cyclically Adjusted PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Uniper SE ranks #10 out of 441 companies for Cyclically Adjusted PB Ratio. This places Uniper SE in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.53. Uniper SE's value of 0.10 is 93.5% below this benchmark. Historically, Uniper SE's own Cyclically Adjusted PB Ratio has ranged from 0.06 to 0.12 over the past decade. While the company's 10-year median is 0.08 vs. the industry median of 1.53, Uniper SE 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 441 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. Uniper SE's current Cyclically Adjusted PB Ratio of 0.10 is 93.5% 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 Uniper SE and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Uniper SE's current Cyclically Adjusted PB Ratio is 0.10, which is 25% above median its own 10-year median of 0.08. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Uniper SE stock overvalued right now?
Based on GuruFocus' analysis, Uniper SE (MIL:1UN) is currently considered Significantly Overvalued. The stock's GF Value™ is €32.28, compared to a current price of €43.55 — trading 34.9% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.10, which is 25% above median its 10-year median of 0.08 and 93.5% below the Utilities - Regulated industry median of 1.53. Uniper SE's overall GF Score™ is 58/100 with 4 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 Uniper SE (MIL:1UN), the current Cyclically Adjusted PB Ratio is 0.10 as of Jul. 27, 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 Uniper SE (MIL:1UN) Overvalued in 2026?

Based on GuruFocus' analysis, Uniper SE stock appears to be overvalued. The current stock price of €43.55 is trading 34.9% above its estimated GF Value™ of €32.28. GuruFocus considers Uniper SE to be Significantly Overvalued.

Key valuation signals for MIL:1UN:

  • Cyclically Adjusted PB Ratio: 0.10 (25% above median its 10-year median of 0.08)
  • GF Value™: €32.28 vs. price of €43.55 (34.9% above fair value)
  • GF Score™: 58/100 with 4 warning signs
  • Industry Position: 93.5% below the Utilities - Regulated median (#10 of 441)

No single metric tells the full story. See the MIL:1UN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Uniper SE Business Description

Address Holzstrasse 6, Dusseldorf, DEU, 40221
Uniper SE is a Germany-based energy generation and energy trading company. The firm operates through three segments: Flexible Generation, Greener commodities, and Green Generation. The Green Generation segment comprises emission-free power generation plants that the Uniper Group operates in Europe. The Flexible Generation segment comprises the power and heat generation plants that the Uniper Group operates in Europe to flexibly meet grid operators' requirements. The Greener Commodities segment bundles the energy trading and optimization activities and forms the commercial interface between the Uniper Group and the globally traded markets for energy and the major customers. The majority of revenue is derived from the Greener Commodities segment.
58GF Score

Get the complete analysis for MIL:1UN

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

€43.55
Price
€32.28
GF Value