UPLD (Upland Software) Cyclically Adjusted PB Ratio: (As of Aug. 18, 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.

UPLD Upland Software Inc UPLD
44 GF Score
Price $4.88
GF Value $17.58
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Upland Software Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Upland Software  (NAS:UPLD) 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.


Upland Software Cyclically Adjusted PB Ratio Related Terms


Upland Software Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Upland Software'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.

Upland Software Cyclically Adjusted PB Ratio Chart

Upland Software 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 0.00 0.00 0.62 0.64 0.23

Upland Software 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 0.30 0.37 0.23 0.11 0.00

UPLD vs KNRX, CXAI, RCT: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Upland Software'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.


Upland Software Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Upland Software's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


UPLD
44GF Score
Upland Software Inc UPLD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Upland Software 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.

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

For example, Upland Software'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)
=-30.528/333.9520*333.9520
=-30.528

Current CPI (Jun. 2026) = 333.9520.

Upland Software Quarterly Data

Book Value per Share CPI Adj_Book
201609 33.692 241.428 46.604
201612 33.172 241.432 45.884
201703 30.386 243.801 41.622
201706 46.861 244.955 63.887
201709 45.928 246.819 62.142
201712 44.013 246.524 59.622
201803 44.630 249.554 59.724
201806 41.707 251.989 55.273
201809 41.332 252.439 54.678
201812 40.627 251.233 54.004
201903 39.676 254.202 52.123
201906 92.266 256.143 120.294
201909 86.416 256.759 112.396
201912 84.301 256.974 109.554
202003 62.857 258.115 81.325
202006 60.007 257.797 77.733
202009 97.842 260.280 125.536
202012 102.239 260.474 131.080
202103 105.570 264.877 133.101
202106 102.413 271.696 125.880
202109 100.605 274.310 122.479
202112 101.700 278.802 121.817
202203 104.912 287.504 121.861
202206 98.618 296.311 111.146
202209 97.210 296.808 109.375
202212 95.863 296.797 107.864
202303 51.428 301.836 56.900
202306 51.389 305.109 56.247
202309 46.476 307.789 50.427
202312 42.225 306.746 45.970
202403 7.186 312.332 7.683
202406 2.379 314.175 2.529
202409 0.331 315.301 0.351
202412 -6.498 315.605 -6.876
202503 -13.281 319.799 -13.869
202506 -14.765 322.561 -15.286
202509 -16.355 324.800 -16.816
202512 -16.610 324.054 -17.117
202603 -17.843 330.213 -18.045
202606 -30.528 333.952 -30.528

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 Upland Software (UPLD) Overvalued in 2026?

Based on GuruFocus' analysis, Upland Software stock appears to be undervalued. The current stock price of $4.88 is trading 72.2% below its estimated GF Value™ of $17.58. GuruFocus considers Upland Software to be Possible Value Trap.

Key valuation signals for UPLD:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $17.58 vs. price of $4.88 (72.2% below fair value)
  • GF Score™: 44/100 with 6 warning signs

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


Upland Software Business Description

Address 401 Congress Avenue, Suite 1850, Frost Bank Tower, Austin, TX, USA, 78701-3788
Upland Software Inc is a software company. It provides cloud-based software applications in three categories: Knowledge Management that provides solutions designed to help organizations capture, organize, and distribute information to employees and customers. Content Lifecycle and Workflow Automation offers solutions that support document management, compliance, and process efficiency across various industries. Digital Marketing solutions that provides tools for audience engagement, campaign management, and content distribution across digital channels. Geographically, the company has operations in the U.S., United Kingdom and Canada, of which United States derives maximum revenue.
44GF Score

Get the complete analysis for UPLD

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

$4.88
Price
$17.58
GF Value