UAN (CVR Partners LP) Cyclically Adjusted PB Ratio: 2.86 (As of Aug. 01, 2026) — 93% Above Median

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UAN CVR Partners LP UAN
59 GF Score
Price $128.99
GF Value $97.67
Valuation Significantly Overvalued
! 6 Warning Signs
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What is CVR Partners LP Cyclically Adjusted PB Ratio?

CVR Partners LP UAN +0.79% 59 Cyclically Adjusted PB Ratio is 2.86 as of Aug. 01, 2026, which is 93% above its 10-year median of 1.48. GuruFocus rates UAN with a GF Score™ of 59/100 and a GF Value™ of $97.67 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 199 Agriculture companies, CVR Partners LP ranks worse than 74.37% on this metric.

As of today (2026-08-01), CVR Partners LP's current share price is $128.99. CVR Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $45.10. CVR Partners LP's Cyclically Adjusted PB Ratio for today is 2.86.

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

UAN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 1.48   Max: 2.98
Current: 2.86

During the past years, CVR Partners LP's highest Cyclically Adjusted PB Ratio was 2.98. The lowest was 0.11. And the median was 1.48.

UAN's Cyclically Adjusted PB Ratio is ranked worse than
74.37% of 199 companies
in the Agriculture industry
Industry Median: 1.35 vs UAN: 2.86

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.

CVR Partners LP's adjusted book value per share data for the three months ended in Jun. 2026 was $32.826. 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 $45.10 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


CVR Partners LP  (NYSE:UAN) 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.


CVR Partners LP Cyclically Adjusted PB Ratio Related Terms


CVR Partners LP Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for CVR Partners LP'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.

CVR Partners LP Cyclically Adjusted PB Ratio Chart

CVR Partners LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.47 1.81 1.25 1.54 2.23

CVR Partners LP 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 1.85 1.91 2.23 2.77 2.47

UAN vs FMC, IPI, VRDR: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, CVR Partners LP'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.


CVR Partners LP Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, CVR Partners LP's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


UAN
59GF Score
CVR Partners LP UAN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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CVR Partners LP 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.

CVR Partners LP's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=128.99/45.10
=2.86

* 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.

CVR Partners LP's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, CVR Partners LP'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)
=32.826/333.9520*333.9520
=32.826

Current CPI (Jun. 2026) = 333.9520.

CVR Partners LP Quarterly Data

Book Value per Share CPI Adj_Book
201609 56.449 241.428 78.082
201612 55.165 241.432 76.305
201703 54.252 243.801 74.313
201706 53.748 244.955 73.276
201709 50.959 246.819 68.949
201712 48.539 246.524 65.753
201803 46.858 249.554 62.705
201806 45.405 251.989 60.174
201809 44.244 252.439 58.530
201812 44.123 251.233 58.651
201903 42.386 254.202 55.684
201906 43.361 256.143 56.533
201909 39.933 256.759 51.939
201912 37.036 256.974 48.130
202003 35.195 258.115 45.536
202006 31.687 257.797 41.048
202009 30.260 260.280 38.825
202012 29.352 260.474 37.632
202103 26.994 264.877 34.034
202106 27.652 271.696 33.988
202109 29.211 274.310 35.562
202112 32.038 278.802 38.375
202203 34.767 287.504 40.384
202206 43.632 296.311 49.175
202209 31.708 296.808 35.676
202212 38.960 296.797 43.837
202303 38.098 301.836 42.152
202306 33.332 305.109 36.483
202309 29.261 307.789 31.748
202312 28.655 306.746 31.196
202403 28.165 312.332 30.115
202406 28.725 314.175 30.533
202409 27.186 315.301 28.794
202412 27.727 315.605 29.339
202503 28.539 319.799 29.802
202506 29.947 322.561 31.005
202509 30.132 324.800 30.981
202512 25.141 324.054 25.909
202603 29.493 330.213 29.827
202606 32.826 333.952 32.826

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 2.86 mean?
CVR Partners LP (UAN) has a Cyclically Adjusted PB Ratio of 2.86 as of Aug. 01, 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 CVR Partners LP and its competitors. This is 93% above median its historical median of 1.48. Over the past decade, CVR Partners LP's Cyclically Adjusted PB Ratio has ranged from 0.11 to 2.98. According to the industry distribution chart, CVR Partners LP ranks #148 out of 199 companies in the Agriculture industry, placing it in the top 74.4%.
Is CVR Partners LP's Cyclically Adjusted PB Ratio too high?
CVR Partners LP's current Cyclically Adjusted PB Ratio of 2.86 is 93% above median its 10-year median of 1.48. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 2.98. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.35. CVR Partners LP's value of 2.86 is 111.9% above this industry median. Based on the distribution chart, CVR Partners LP ranks #148 out of 199 companies in the Agriculture industry, which is below the industry midpoint. Overall, CVR Partners LP has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CVR Partners LP's Cyclically Adjusted PB Ratio compare to FMC and IPI?
According to the Agriculture industry distribution chart, CVR Partners LP ranks #148 out of 199 companies for Cyclically Adjusted PB Ratio. This places CVR Partners LP in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.35. CVR Partners LP's value of 2.86 is 111.9% above this benchmark. Historically, CVR Partners LP's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 2.98 over the past decade. While the company's 10-year median is 1.48 vs. the industry median of 1.35, CVR Partners LP has consistently been above 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 Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.35, based on 199 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. CVR Partners LP's current Cyclically Adjusted PB Ratio of 2.86 is 111.9% above 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 CVR Partners LP and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CVR Partners LP's current Cyclically Adjusted PB Ratio is 2.86, which is 93% above median its own 10-year median of 1.48. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CVR Partners LP stock overvalued right now?
Based on GuruFocus' analysis, CVR Partners LP (UAN) is currently considered Significantly Overvalued. The stock's GF Value™ is $97.67, compared to a current price of $128.99 — trading 32.1% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.86, which is 93% above median its 10-year median of 1.48 and 111.9% above the Agriculture industry median of 1.35. CVR Partners LP's overall GF Score™ is 59/100 with 6 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 CVR Partners LP (UAN), the current Cyclically Adjusted PB Ratio is 2.86 as of Aug. 01, 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 CVR Partners LP (UAN) Overvalued in 2026?

Based on GuruFocus' analysis, CVR Partners LP stock appears to be overvalued. The current stock price of $128.99 is trading 32.1% above its estimated GF Value™ of $97.67. GuruFocus considers CVR Partners LP to be Significantly Overvalued.

Key valuation signals for UAN:

  • Cyclically Adjusted PB Ratio: 2.86 (93% above median its 10-year median of 1.48)
  • GF Value™: $97.67 vs. price of $128.99 (32.1% above fair value)
  • GF Score™: 59/100 with 6 warning signs
  • Industry Position: 111.9% above the Agriculture median (#148 of 199)

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


CVR Partners LP Business Description

Address 2277 Plaza Drive, Suite 500, Sugar Land, TX, USA, 77479
CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company's product sales are heavily weighted toward UAN.
59GF Score

Get the complete analysis for UAN

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

$128.99
Price
$97.67
GF Value