UGI (STU:3U6) Cyclically Adjusted PB Ratio: 1.43 (As of Jul. 30, 2026) — 26% Below Median

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STU:3U6 UGI Corp STU:3U6
63 GF Score
Price €31.87
GF Value €21.37
Valuation Significantly Overvalued
! 7 Warning Signs
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What is UGI Cyclically Adjusted PB Ratio?

UGI STU:3U6 -1.64% 63 Cyclically Adjusted PB Ratio is 1.43 as of Jul. 30, 2026, which is 26% below its 10-year median of 1.94. GuruFocus rates STU:3U6 with a GF Score™ of 63/100 and a GF Value™ of €21.37 (Significantly Overvalued). The stock has 7 warning signs investors should review. Among 439 Utilities - Regulated companies, UGI ranks better than 53.99% on this metric.

As of today (2026-07-30), UGI's current share price is €31.87. UGI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €22.25. UGI's Cyclically Adjusted PB Ratio for today is 1.43.

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

STU:3U6' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.87   Med: 1.94   Max: 3.75
Current: 1.43

During the past years, UGI's highest Cyclically Adjusted PB Ratio was 3.75. The lowest was 0.87. And the median was 1.94.

STU:3U6's Cyclically Adjusted PB Ratio is ranked better than
53.99% of 439 companies
in the Utilities - Regulated industry
Industry Median: 1.54 vs STU:3U6: 1.43

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 Mar. 2026 was €21.832. 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 €22.25 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


UGI  (STU: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


UGI Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

UGI Cyclically Adjusted PB Ratio Chart

UGI Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.15 1.43 0.97 1.03 1.32

UGI 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 1.33 1.46 1.32 1.49 1.42

STU:3U6 vs SWX, NJR, BKH: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


STU:3U6
63GF Score
UGI Corp STU:3U6
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=31.87/22.25
=1.43

* 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 Mar. 2026 is calculated as:

For example, UGI'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)
=21.832/330.2130*330.2130
=21.832

Current CPI (Mar. 2026) = 330.2130.

UGI Quarterly Data

Book Value per Share CPI Adj_Book
201606 15.220 241.018 20.853
201609 14.651 241.428 20.039
201612 16.375 241.432 22.397
201703 17.105 243.801 23.168
201706 16.340 244.955 22.027
201709 15.328 246.819 20.507
201712 17.089 246.524 22.890
201803 17.676 249.554 23.389
201806 18.335 251.989 24.027
201809 18.158 252.439 23.752
201812 18.551 251.233 24.383
201903 19.576 254.202 25.430
201906 19.404 256.143 25.015
201909 16.583 256.759 21.327
201912 17.204 256.974 22.107
202003 17.657 258.115 22.589
202006 17.516 257.797 22.436
202009 16.821 260.280 21.341
202012 17.505 260.474 22.192
202103 19.309 264.877 24.072
202106 19.329 271.696 23.492
202109 21.569 274.310 25.965
202112 21.636 278.802 25.626
202203 26.096 287.504 29.973
202206 26.312 296.311 29.322
202209 28.452 296.808 31.654
202212 22.573 296.797 25.114
202303 22.434 301.836 24.543
202306 18.455 305.109 19.973
202309 18.870 307.789 20.245
202312 18.629 306.746 20.054
202403 20.428 312.332 21.598
202406 20.254 314.175 21.288
202409 18.235 315.301 19.097
202412 20.365 315.605 21.308
202503 21.573 319.799 22.276
202506 19.610 322.561 20.075
202509 18.977 324.800 19.293
202512 19.906 324.054 20.284
202603 21.832 330.213 21.832

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 1.43 mean?
UGI (STU:3U6) has a Cyclically Adjusted PB Ratio of 1.43 as of Jul. 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 UGI and its competitors. This is 26% below median its historical median of 1.94. Over the past decade, UGI's Cyclically Adjusted PB Ratio has ranged from 0.87 to 3.75. According to the industry distribution chart, UGI ranks #202 out of 439 companies in the Utilities - Regulated industry, placing it in the top 46%.
Is UGI's Cyclically Adjusted PB Ratio too high?
UGI's current Cyclically Adjusted PB Ratio of 1.43 is 26% below median its 10-year median of 1.94. Over the past 10 years, this metric has ranged from a low of 0.87 to a high of 3.75. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.54. UGI's value of 1.43 is 7.1% below this industry median. Based on the distribution chart, UGI ranks #202 out of 439 companies in the Utilities - Regulated industry, which is above the industry midpoint. Overall, UGI has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does UGI's Cyclically Adjusted PB Ratio compare to SWX and NJR?
According to the Utilities - Regulated industry distribution chart, UGI ranks #202 out of 439 companies for Cyclically Adjusted PB Ratio. This puts UGI in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.54. UGI's value of 1.43 is 7.1% below this benchmark. Historically, UGI's own Cyclically Adjusted PB Ratio has ranged from 0.87 to 3.75 over the past decade. While the company's 10-year median is 1.94 vs. the industry median of 1.54, UGI 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 1.54, based on 439 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. UGI's current Cyclically Adjusted PB Ratio of 1.43 is 7.1% 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 UGI and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UGI's current Cyclically Adjusted PB Ratio is 1.43, which is 26% below median its own 10-year median of 1.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UGI stock overvalued right now?
Based on GuruFocus' analysis, UGI (STU:3U6) is currently considered Significantly Overvalued. The stock's GF Value™ is €21.37, compared to a current price of €31.87 — trading 49.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.43, which is 26% below median its 10-year median of 1.94 and 7.1% below the Utilities - Regulated industry median of 1.54. UGI's overall GF Score™ is 63/100 with 7 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 UGI (STU:3U6), the current Cyclically Adjusted PB Ratio is 1.43 as of Jul. 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 UGI (STU:3U6) Overvalued in 2026?

Based on GuruFocus' analysis, UGI stock appears to be overvalued. The current stock price of €31.87 is trading 49.1% above its estimated GF Value™ of €21.37. GuruFocus considers UGI to be Significantly Overvalued.

Key valuation signals for STU:3U6:

  • Cyclically Adjusted PB Ratio: 1.43 (26% below median its 10-year median of 1.94)
  • GF Value™: €21.37 vs. price of €31.87 (49.1% above fair value)
  • GF Score™: 63/100 with 7 warning signs
  • Industry Position: 7.1% below the Utilities - Regulated median (#202 of 439)

No single metric tells the full story. See the STU:3U6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UGI Business Description

Other Exchanges UGI:USA
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 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 Utilities segment consists of the regulated natural gas and electric distribution. The company derives a majority of its revenue from the UGI International segment.
63GF Score

Get the complete analysis for STU:3U6

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

€31.87
Price
€21.37
GF Value