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United Capital (NSA:UCAP) Cyclically Adjusted PB Ratio : 8.45 (As of Jun. 02, 2025)


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What is United Capital Cyclically Adjusted PB Ratio?

As of today (2025-06-02), United Capital's current share price is ₦19.95. United Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 was ₦2.36. United Capital's Cyclically Adjusted PB Ratio for today is 8.45.

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

NSA:UCAP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 6.44   Med: 8.24   Max: 10.11
Current: 8.49

During the past 10 years, United Capital's highest Cyclically Adjusted PB Ratio was 10.11. The lowest was 6.44. And the median was 8.24.

NSA:UCAP's Cyclically Adjusted PB Ratio is ranked worse than
96.29% of 944 companies
in the Asset Management industry
Industry Median: 0.8 vs NSA:UCAP: 8.49

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 Capital's adjusted book value per share data of for the fiscal year that ended in Dec24 was ₦7.417. 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 ₦2.36 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


United Capital Cyclically Adjusted PB Ratio Historical Data

The historical data trend for United Capital'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.

United Capital Cyclically Adjusted PB Ratio Chart

United Capital Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 8.66

United Capital Quarterly Data
Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Jun23 Sep23 Dec23 Jun24 Sep24 Dec24
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 - - - - 8.66

Competitive Comparison of United Capital's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, United Capital'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 Capital's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, United Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


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United Capital 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 Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.95/2.36
=8.45

* 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 Capital's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec24 is calculated as:

For example, United Capital's adjusted Book Value per Share data for the fiscal year that ended in Dec24 was:

Adj_Book=Book Value per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=7.417/133.1571*133.1571
=7.417

Current CPI (Dec24) = 133.1571.

United Capital Annual Data

Book Value per Share CPI Adj_Book
201512 0.579 99.792 0.773
201612 0.791 101.863 1.034
201712 0.931 104.011 1.192
201812 0.880 105.998 1.105
201912 1.088 108.420 1.336
202012 1.357 109.897 1.644
202112 1.697 117.630 1.921
202212 1.833 125.222 1.949
202312 5.040 129.419 5.186
202412 7.417 133.157 7.417

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.


United Capital  (NSA:UCAP) 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 Capital Cyclically Adjusted PB Ratio Related Terms

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


United Capital Business Description

Traded in Other Exchanges
N/A
Address
97/105 Broad Street, 3rd & 4th Floor, Afriland Towers, Lagos Island, Lagos, NGA
United Capital PLC is a financial and investment services company. It is engaged in six business segments including Investment banking, Asset management, Wealth management, Trusteeship, Securities trading, Consumer finance services, and UCEE Microfinance Bank. It generates the majority of its revenue from the Investment banking segment which provides issuing houses, corporate investment advisory services, project finance, debt restructuring, mergers & acquisitions, and debt capital markets.

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