UBS Group AG (XTER:0UB) Cyclically Adjusted PB Ratio: (As of Jul. 29, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
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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.
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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.

XTER:0UB UBS Group AG XTER:0UB
71 GF Score
Price €45.63
GF Value €32.89
Valuation Significantly Overvalued
! 6 Warning Signs
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What is UBS Group AG Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


UBS Group AG  (XTER:0UB) 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.


UBS Group AG Cyclically Adjusted PB Ratio Related Terms


UBS Group AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for UBS Group AG'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.

UBS Group AG Cyclically Adjusted PB Ratio Chart

UBS Group AG 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 1.14 1.14 1.61 1.61 2.05

UBS Group AG 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 1.51 1.82 2.05 1.68 0.00

XTER:0UB vs JPM, BAC, WFC: Cyclically Adjusted PB Ratio Comparison

For the Banks - Diversified subindustry, UBS Group AG'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.


UBS Group AG Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, UBS Group AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTER:0UB
71GF Score
UBS Group AG XTER:0UB
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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UBS Group AG 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.

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

For example, UBS Group AG'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)
=6.041/108.5400*108.5400
=6.041

Current CPI (Jun. 2026) = 108.5400.

UBS Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201609 13.239 99.604 14.427
201612 13.513 99.380 14.759
201703 13.502 100.040 14.649
201706 12.967 100.285 14.034
201709 12.383 100.254 13.407
201712 11.922 100.213 12.913
201803 11.587 100.836 12.472
201806 11.682 101.435 12.500
201809 11.981 101.246 12.844
201812 12.610 100.906 13.564
201903 12.791 101.571 13.669
201906 12.859 102.044 13.678
201909 14.050 101.396 15.040
201912 13.565 101.063 14.569
202003 14.632 101.048 15.717
202006 14.119 100.743 15.212
202009 14.068 100.585 15.181
202012 13.758 100.241 14.897
202103 13.835 100.800 14.897
202106 14.030 101.352 15.025
202109 14.856 101.533 15.881
202112 15.792 101.776 16.842
202203 15.956 103.205 16.781
202206 16.509 104.783 17.101
202209 17.696 104.835 18.321
202212 17.277 104.666 17.916
202303 17.367 106.245 17.742
202306 24.878 106.576 25.337
202309 24.591 106.570 25.046
202312 24.469 106.461 24.947
202403 24.463 107.355 24.733
202406 24.278 107.991 24.401
202409 24.613 107.468 24.859
202412 25.592 107.128 25.929
202503 25.298 107.722 25.490
202506 24.424 108.075 24.529
202509 24.518 107.710 24.707
202512 24.919 107.200 25.230
202603 25.711 108.060 25.825
202606 6.041 108.540 6.041

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 UBS Group AG (XTER:0UB) Overvalued in 2026?

Based on GuruFocus' analysis, UBS Group AG stock appears to be overvalued. The current stock price of €45.63 is trading 38.7% above its estimated GF Value™ of €32.89. GuruFocus considers UBS Group AG to be Significantly Overvalued.

Key valuation signals for XTER:0UB:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €32.89 vs. price of €45.63 (38.7% above fair value)
  • GF Score™: 71/100 with 6 warning signs

No single metric tells the full story. See the XTER:0UB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


UBS Group AG Business Description

Address Bahnhofstrasse 45, Zurich, CHE, CH-8001
UBS is a global financial institution built around its core strength in wealth management, serving high and ultra-high-net-worth individuals. In Switzerland, it also operates as a traditional retail and commercial bank. Its investment bank and asset management divisions complement the wealth business, providing tailored solutions to UBS clients while serving third-party customers by leveraging UBS' global reach and expertise.
71GF 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.

€45.63
Price
€32.89
GF Value