UPLD (Upland Software) Cyclically Adjusted PB Ratio: 0.08 (As of Jul. 12, 2026) — 79% Below Median


UPLD Upland Software Inc UPLD
44 GF Score
Price $4.97
GF Value $18.73
Valuation Possible Value Trap
! 5 Warning Signs
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What is Upland Software Cyclically Adjusted PB Ratio?

Upland Software UPLD +1.53% 44 Cyclically Adjusted PB Ratio is 0.08 as of Jul. 12, 2026, which is 79% below its 10-year median of 0.38. GuruFocus rates UPLD with a GF Score™ of 44/100 and a GF Value™ of $18.73 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 1,598 Software companies, Upland Software ranks better than 96.68% on this metric.

As of today (2026-07-12), Upland Software's current share price is $4.97. Upland Software's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $61.46. Upland Software's Cyclically Adjusted PB Ratio for today is 0.08.

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

UPLD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.07   Med: 0.38   Max: 0.73
Current: 0.08

During the past years, Upland Software's highest Cyclically Adjusted PB Ratio was 0.73. The lowest was 0.07. And the median was 0.38.

UPLD's Cyclically Adjusted PB Ratio is ranked better than
96.68% of 1598 companies
in the Software industry
Industry Median: 2.325 vs UPLD: 0.08

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.

Upland Software's adjusted book value per share data for the three months ended in Mar. 2026 was $-17.843. 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 $61.46 for the trailing ten years ended in Mar. 2026.

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
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.43 0.30 0.37 0.23 0.11

UPLD vs MYSE, NVNI, KNRX: 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 PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.97/61.46
=0.08

* 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's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Upland Software's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=-17.843/330.2130*330.2130
=-17.843

Current CPI (Mar. 2026) = 330.2130.

Upland Software Quarterly Data

Book Value per Share CPI Adj_Book
201606 34.151 241.018 46.789
201609 33.692 241.428 46.082
201612 33.172 241.432 45.370
201703 30.386 243.801 41.156
201706 46.861 244.955 63.171
201709 45.928 246.819 61.446
201712 44.013 246.524 58.954
201803 44.630 249.554 59.055
201806 41.707 251.989 54.654
201809 41.332 252.439 54.066
201812 40.627 251.233 53.399
201903 39.676 254.202 51.540
201906 92.266 256.143 118.947
201909 86.416 256.759 111.138
201912 84.301 256.974 108.327
202003 62.857 258.115 80.415
202006 60.007 257.797 76.863
202009 97.842 260.280 124.131
202012 102.239 260.474 129.612
202103 105.570 264.877 131.610
202106 102.413 271.696 124.470
202109 100.605 274.310 121.108
202112 101.700 278.802 120.453
202203 104.912 287.504 120.497
202206 98.618 296.311 109.901
202209 97.210 296.808 108.151
202212 95.863 296.797 106.656
202303 51.428 301.836 56.263
202306 51.389 305.109 55.617
202309 46.476 307.789 49.862
202312 42.225 306.746 45.455
202403 7.186 312.332 7.597
202406 2.379 314.175 2.500
202409 0.331 315.301 0.347
202412 -6.498 315.605 -6.799
202503 -13.281 319.799 -13.713
202506 -14.765 322.561 -15.115
202509 -16.355 324.800 -16.628
202512 -16.610 324.054 -16.926
202603 -17.843 330.213 -17.843

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 0.08 mean?
Upland Software (UPLD) has a Cyclically Adjusted PB Ratio of 0.08 as of Jul. 12, 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 Upland Software and its competitors. This is 79% below median its historical median of 0.38. Over the past decade, Upland Software's Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.73. According to the industry distribution chart, Upland Software ranks #53 out of 1598 companies in the Software industry, placing it in the top 3.3%.
Is Upland Software's Cyclically Adjusted PB Ratio too high?
Upland Software's current Cyclically Adjusted PB Ratio of 0.08 is 79% below median its 10-year median of 0.38. Over the past 10 years, this metric has ranged from a low of 0.07 to a high of 0.73. The Software industry median Cyclically Adjusted PB Ratio is 2.33. Upland Software's value of 0.08 is 96.6% below this industry median. Based on the distribution chart, Upland Software ranks #53 out of 1598 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Upland Software has a GF Score™ of 44/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Upland Software's Cyclically Adjusted PB Ratio compare to MYSE and NVNI?
According to the Software industry distribution chart, Upland Software ranks #53 out of 1598 companies for Cyclically Adjusted PB Ratio. This places Upland Software in the top 3% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.33. Upland Software's value of 0.08 is 96.6% below this benchmark. Historically, Upland Software's own Cyclically Adjusted PB Ratio has ranged from 0.07 to 0.73 over the past decade. While the company's 10-year median is 0.38 vs. the industry median of 2.33, Upland Software has consistently been below 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 a Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.33, based on 1,598 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. Upland Software's current Cyclically Adjusted PB Ratio of 0.08 is 96.6% below 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 Upland Software and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Upland Software's current Cyclically Adjusted PB Ratio is 0.08, which is 79% below median its own 10-year median of 0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Upland Software stock overvalued right now?
Based on GuruFocus' analysis, Upland Software (UPLD) is currently considered Possible Value Trap. The stock's GF Value™ is $18.73, compared to a current price of $4.97 — trading 73.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.08, which is 79% below median its 10-year median of 0.38 and 96.6% below the Software industry median of 2.33. Upland Software's overall GF Score™ is 44/100 with 5 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 Upland Software (UPLD), the current Cyclically Adjusted PB Ratio is 0.08 as of Jul. 12, 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 Upland Software (UPLD) Overvalued in 2026?

Based on GuruFocus' analysis, Upland Software stock appears to be undervalued. The current stock price of $4.97 is trading 73.5% below its estimated GF Value™ of $18.73. GuruFocus considers Upland Software to be Possible Value Trap.

Key valuation signals for UPLD:

  • Cyclically Adjusted PB Ratio: 0.08 (79% below median its 10-year median of 0.38)
  • GF Value™: $18.73 vs. price of $4.97 (73.5% below fair value)
  • GF Score™: 44/100 with 5 warning signs
  • Industry Position: 96.6% below the Software median (#53 of 1598)

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

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

$4.97
Price
$18.73
GF Value