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UGI (STU:3U6) Cyclically Adjusted PB Ratio : 1.04 (As of May. 17, 2024)


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What is UGI Cyclically Adjusted PB Ratio?

As of today (2024-05-17), UGI's current share price is €22.72. UGI's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €21.84. UGI's Cyclically Adjusted PB Ratio for today is 1.04.

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: 2.78   Max: 3.75
Current: 1.05

During the past years, UGI's highest Cyclically Adjusted PB Ratio was 3.75. The lowest was 0.87. And the median was 2.78.

STU:3U6's Cyclically Adjusted PB Ratio is ranked better than
64.21% of 447 companies
in the Utilities - Regulated industry
Industry Median: 1.45 vs STU:3U6: 1.05

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. 2024 was €20.428. 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 €21.84 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


UGI Cyclically Adjusted PB Ratio Historical Data

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.

* Premium members only.

UGI Cyclically Adjusted PB Ratio Chart

UGI Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.96 1.83 2.15 1.43 0.97

UGI Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 1.49 1.15 0.97 1.04 1.03

Competitive Comparison of UGI's Cyclically Adjusted PB Ratio

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's Cyclically Adjusted PB Ratio Distribution in the 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.



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
=22.72/21.84
=1.04

* 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. 2024 is calculated as:

For example, UGI's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=20.428/131.7762*131.7762
=20.428

Current CPI (Mar. 2024) = 131.7762.

UGI Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.831 100.560 15.504
201409 11.978 100.428 15.717
201412 12.458 99.070 16.571
201503 15.032 99.621 19.884
201506 14.212 100.684 18.601
201509 13.914 100.392 18.264
201512 14.480 99.792 19.121
201603 15.313 100.470 20.084
201606 15.220 101.688 19.723
201609 14.651 101.861 18.954
201612 16.375 101.863 21.184
201703 17.105 102.862 21.913
201706 16.340 103.349 20.834
201709 15.328 104.136 19.396
201712 17.089 104.011 21.651
201803 17.676 105.290 22.123
201806 18.335 106.317 22.726
201809 18.158 106.507 22.466
201812 18.551 105.998 23.063
201903 19.576 107.251 24.053
201906 19.404 108.070 23.661
201909 16.583 108.329 20.172
201912 17.204 108.420 20.910
202003 17.657 108.902 21.366
202006 17.516 108.767 21.221
202009 16.821 109.815 20.185
202012 17.505 109.897 20.990
202103 19.309 111.754 22.768
202106 19.329 114.631 22.220
202109 21.569 115.734 24.559
202112 21.636 117.630 24.238
202203 26.096 121.301 28.350
202206 26.312 125.017 27.735
202209 28.452 125.227 29.940
202212 22.573 125.222 23.755
202303 22.434 127.348 23.214
202306 18.455 128.729 18.892
202309 18.870 129.860 19.149
202312 18.629 129.419 18.968
202403 20.428 131.776 20.428

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.


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

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


UGI (STU:3U6) Business Description

Industry
Traded in Other Exchanges
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 UGI 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 UGI Utilities segment consists of the regulated natural gas and electric distribution. The company derives a majority of its revenue from the UGI International segment.

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