UPCHY (Uni-President China Holdings) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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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.

UPCHY Uni-President China Holdings Ltd UPCHY
26 GF Score
Price $89.50
GF Value $106.89
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Uni-President China Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Uni-President China Holdings  (OTCPK:UPCHY) 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.


Uni-President China Holdings Cyclically Adjusted PB Ratio Related Terms


Uni-President China Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Uni-President China Holdings'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.

Uni-President China Holdings Cyclically Adjusted PB Ratio Chart

Uni-President China Holdings 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 2.11 1.86 1.52 2.12 2.32

Uni-President China Holdings Semi-Annual Data
Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25 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 2.00 2.14 2.63 2.36 1.88

UPCHY vs KO, PEP, MNST: Cyclically Adjusted PB Ratio Comparison

For the Beverages - Non-Alcoholic subindustry, Uni-President China Holdings'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.


Uni-President China Holdings Cyclically Adjusted PB Ratio vs Beverages - Non-Alcoholic Industry

For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, Uni-President China Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Uni-President China Holdings's Cyclically Adjusted PB Ratio falls into.


UPCHY
26GF Score
Uni-President China Holdings Ltd UPCHY
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Uni-President China Holdings 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.

Uni-President China Holdings's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Uni-President China Holdings's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=45.059/115.8323*115.8323
=45.059

Current CPI (Dec25) = 115.8323.

Uni-President China Holdings Annual Data

Book Value per Share CPI Adj_Book
201612 40.111 102.600 45.284
201712 45.562 104.500 50.503
201812 44.587 106.500 48.494
201912 45.311 111.200 47.199
202012 49.160 111.500 51.070
202112 50.004 113.108 51.209
202212 43.899 115.116 44.172
202312 43.685 114.781 44.085
202412 42.499 114.893 42.847
202512 45.059 115.832 45.059

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 Uni-President China Holdings (UPCHY) Overvalued in 2026?

Based on GuruFocus' analysis, Uni-President China Holdings stock appears to be undervalued. The current stock price of $89.50 is trading 16.3% below its estimated GF Value™ of $106.89. GuruFocus considers Uni-President China Holdings to be Modestly Undervalued.

Key valuation signals for UPCHY:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $106.89 vs. price of $89.50 (16.3% below fair value)
  • GF Score™: 26/100 with 3 warning signs

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


Uni-President China Holdings Business Description

Address No. 131, Linhong Road, Shanghai Hongqiao Linkong Economic Zone, Changning District, Shanghai, CHN, 200335
Uni-President China is a leading instant food and beverage manufacturer in mainland China. Its major products include ready-to-drink tea, coffee, juice, and instant food such as instant noodles and self-heating packaged food. It is majority-owned by parent company Uni-President Enterprises Corporation, a leading packaged food conglomerate in Taiwan.
26GF Score

Get the complete analysis for UPCHY

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

$89.50
Price
$106.89
GF Value