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Uniteds (TSX:UNC) Cyclically Adjusted PB Ratio : 0.75 (As of Jun. 01, 2025)


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What is Uniteds Cyclically Adjusted PB Ratio?

As of today (2025-06-01), Uniteds's current share price is C$133.75. Uniteds's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was C$178.14. Uniteds's Cyclically Adjusted PB Ratio for today is 0.75.

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

TSX:UNC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.85   Max: 1.11
Current: 0.75

During the past years, Uniteds's highest Cyclically Adjusted PB Ratio was 1.11. The lowest was 0.57. And the median was 0.85.

TSX:UNC's Cyclically Adjusted PB Ratio is ranked better than
54.23% of 946 companies
in the Asset Management industry
Industry Median: 0.8 vs TSX:UNC: 0.75

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.

Uniteds's adjusted book value per share data for the three months ended in Mar. 2025 was C$197.206. 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 C$178.14 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Uniteds Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Uniteds'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.

Uniteds Cyclically Adjusted PB Ratio Chart

Uniteds Annual Data
Trend Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.84 0.70 0.65 0.70 0.67

Uniteds Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 0.70 0.69 0.74 0.74 0.67

Competitive Comparison of Uniteds's Cyclically Adjusted PB Ratio

For the Asset Management subindustry, Uniteds'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.


Uniteds's Cyclically Adjusted PB Ratio Distribution in the Asset Management Industry

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

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


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Uniteds 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.

Uniteds's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=133.75/178.14
=0.75

* 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.

Uniteds's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Uniteds's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=197.206/129.1809*129.1809
=197.206

Current CPI (Mar. 2025) = 129.1809.

Uniteds Quarterly Data

Book Value per Share CPI Adj_Book
201506 115.921 100.500 149.002
201509 116.812 100.421 150.266
201512 126.485 99.947 163.481
201603 121.299 101.054 155.062
201606 122.186 102.002 154.744
201609 126.708 101.765 160.844
201612 127.312 101.449 162.115
201703 132.959 102.634 167.350
201706 133.230 103.029 167.048
201709 131.065 103.345 163.831
201712 138.871 103.345 173.589
201803 139.041 105.004 171.055
201806 142.001 105.557 173.781
201809 143.784 105.636 175.832
201812 139.038 105.399 170.410
201903 147.629 106.979 178.267
201906 146.916 107.690 176.234
201909 148.226 107.611 177.936
201912 154.876 107.769 185.647
202003 138.583 107.927 165.873
202006 152.298 108.401 181.492
202009 157.454 108.164 188.048
202012 170.642 108.559 203.056
202103 171.300 110.298 200.627
202106 177.775 111.720 205.560
202109 180.404 112.905 206.410
202112 186.095 113.774 211.295
202203 167.133 117.646 183.521
202206 142.002 120.806 151.846
202209 140.974 120.648 150.945
202212 152.879 120.964 163.264
202303 164.267 122.702 172.940
202306 170.235 124.203 177.057
202309 165.633 125.230 170.858
202312 180.609 125.072 186.542
202403 195.663 126.258 200.193
202406 201.279 127.522 203.898
202409 207.973 127.285 211.071
202412 214.312 127.364 217.370
202503 197.206 129.181 197.206

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.


Uniteds  (TSX:UNC) 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.


Uniteds Cyclically Adjusted PB Ratio Related Terms

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


Uniteds Business Description

Traded in Other Exchanges
N/A
Address
165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8
United Corporations Ltd is a closed-end investment company. Its investment objective is to earn an above-average rate of return through long-term capital appreciation and dividend income. The investment portfolio of the company comprises mainly foreign equities. It seeks long-term growth through investments in common equities cause management believes that in the long term common equities will outperform fixed-income instruments or balanced funds. The company invests in the United States, Europe, United Kingdom, Canada, Australia and Japan.
Executives
Margaret Kimberley Shannon Director
United Corporations Limited Issuer
Fahad Khan Director
Duncan Newton Rowell Jackman Director, Senior Officer
E-l Financial Corporation Limited 10% Security Holder

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