UGI (STU:3U6) Cyclically Adjusted PB Ratio: (As of Aug. 07, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

STU:3U6 UGI Corp STU:3U6
66 GF Score
Price €29.96
GF Value €21.21
Valuation Significantly Overvalued
! 4 Warning Signs
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What is UGI Cyclically Adjusted PB Ratio?

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
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 1.46 1.32 1.49 1.42 0.00

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
66GF 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 Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, UGI's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=21.076/333.9520*333.9520
=21.076

Current CPI (Jun. 2026) = 333.9520.

UGI Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.651 241.428 20.266
201612 16.375 241.432 22.650
201703 17.105 243.801 23.430
201706 16.340 244.955 22.277
201709 15.328 246.819 20.739
201712 17.089 246.524 23.149
201803 17.676 249.554 23.654
201806 18.335 251.989 24.299
201809 18.158 252.439 24.021
201812 18.551 251.233 24.659
201903 19.576 254.202 25.718
201906 19.404 256.143 25.298
201909 16.583 256.759 21.569
201912 17.204 256.974 22.358
202003 17.657 258.115 22.845
202006 17.516 257.797 22.690
202009 16.821 260.280 21.582
202012 17.505 260.474 22.443
202103 19.309 264.877 24.344
202106 19.329 271.696 23.758
202109 21.569 274.310 26.259
202112 21.636 278.802 25.916
202203 26.096 287.504 30.312
202206 26.312 296.311 29.654
202209 28.452 296.808 32.013
202212 22.573 296.797 25.399
202303 22.434 301.836 24.821
202306 18.455 305.109 20.200
202309 18.870 307.789 20.474
202312 18.629 306.746 20.281
202403 20.428 312.332 21.842
202406 20.254 314.175 21.529
202409 18.235 315.301 19.314
202412 20.365 315.605 21.549
202503 21.573 319.799 22.528
202506 19.610 322.561 20.303
202509 18.977 324.800 19.512
202512 19.906 324.054 20.514
202603 21.832 330.213 22.079
202606 21.076 333.952 21.076

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.

Is UGI (STU:3U6) Overvalued in 2026?

Based on GuruFocus' analysis, UGI stock appears to be overvalued. The current stock price of €29.96 is trading 41.3% above its estimated GF Value™ of €21.21. GuruFocus considers UGI to be Significantly Overvalued.

Key valuation signals for STU:3U6:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €21.21 vs. price of €29.96 (41.3% above fair value)
  • GF Score™: 66/100 with 4 warning signs

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.
66GF 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.

€29.96
Price
€21.21
GF Value