Uniteds (TSX:UNC) Cyclically Adjusted PS Ratio: 6.94 (As of Aug. 19, 2026) — Near Median

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TSX:UNC United Corporations Ltd TSX:UNC
60 GF Score
Price C$14.86
GF Value C$18.92
Valuation Modestly Undervalued
! 2 Warning Signs
View Full Analysis

What is Uniteds Cyclically Adjusted PS Ratio?

Uniteds TSX:UNC -0.27% 60 Cyclically Adjusted PS Ratio is 6.94 as of Aug. 19, 2026, which is 8% below its 10-year median of 7.55. GuruFocus rates TSX:UNC with a GF Score™ of 60/100 and a GF Value™ of C$18.92 (Modestly Undervalued). The stock has 2 warning signs investors should review. Among 923 Asset Management companies, Uniteds ranks better than 55.25% on this metric.

As of today (2026-08-19), Uniteds's current share price is C$14.86. Uniteds's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was C$2.14. Uniteds's Cyclically Adjusted PS Ratio for today is 6.94.

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

TSX:UNC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 5.62   Med: 7.55   Max: 11.59
Current: 6.96

During the past years, Uniteds's highest Cyclically Adjusted PS Ratio was 11.59. The lowest was 5.62. And the median was 7.55.

TSX:UNC's Cyclically Adjusted PS Ratio is ranked better than
55.25% of 923 companies
in the Asset Management industry
Industry Median: 7.86 vs TSX:UNC: 6.96

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Uniteds's adjusted revenue per share data for the three months ended in Jun. 2026 was C$3.107. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is C$2.14 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Uniteds  (TSX:UNC) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Uniteds Cyclically Adjusted PS Ratio Related Terms


Uniteds Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Uniteds's Cyclically Adjusted PS 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.

Uniteds Cyclically Adjusted PS Ratio Chart

Uniteds Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.34 6.85 6.59 6.81 7.29

Uniteds Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted PS 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 7.94 7.75 8.13 7.26 7.14

TSX:UNC vs BLK, BX, KKR: Cyclically Adjusted PS Ratio Comparison

For the Asset Management subindustry, Uniteds's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Uniteds Cyclically Adjusted PS Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Uniteds's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Uniteds's Cyclically Adjusted PS Ratio falls into.


TSX:UNC
60GF Score
United Corporations Ltd TSX:UNC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Uniteds Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Uniteds's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=14.86/2.14
=6.94

* 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.

Uniteds's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Uniteds's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.107/133.5265*133.5265
=3.107

Current CPI (Jun. 2026) = 133.5265.

Uniteds Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.550 101.765 0.722
201612 0.100 101.449 0.132
201703 0.729 102.634 0.948
201706 0.217 103.029 0.281
201709 -0.206 103.345 -0.266
201712 0.941 103.345 1.216
201803 0.066 105.004 0.084
201806 0.488 105.557 0.617
201809 0.249 105.636 0.315
201812 -0.502 105.399 -0.636
201903 1.037 106.979 1.294
201906 0.094 107.690 0.117
201909 0.196 107.611 0.243
201912 0.807 107.769 1.000
202003 -1.873 107.927 -2.317
202006 1.753 108.401 2.159
202009 0.635 108.164 0.784
202012 1.549 108.559 1.905
202103 0.096 110.298 0.116
202106 0.933 111.720 1.115
202109 0.340 112.905 0.402
202112 0.690 113.774 0.810
202203 -2.143 117.646 -2.432
202206 -2.279 120.806 -2.519
202209 -0.209 120.648 -0.231
202212 1.408 120.964 1.554
202303 1.354 122.702 1.473
202306 0.765 124.203 0.822
202309 -0.485 125.230 -0.517
202312 1.570 125.072 1.676
202403 1.797 126.258 1.900
202406 0.749 127.522 0.784
202409 0.816 127.285 0.856
202412 0.742 127.364 0.778
202503 -0.020 129.181 -0.021
202506 1.001 129.892 1.029
202509 1.880 130.287 1.927
202512 0.671 130.366 0.687
202603 -0.495 132.262 -0.500
202606 3.107 133.527 3.107

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 6.94 mean?
Uniteds (TSX:UNC) has a Cyclically Adjusted PS Ratio of 6.94 as of Aug. 19, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Uniteds and its competitors. This is near median its historical median of 7.55. Over the past decade, Uniteds' Cyclically Adjusted PS Ratio has ranged from 5.62 to 11.59. According to the industry distribution chart, Uniteds ranks #413 out of 923 companies in the Asset Management industry, placing it in the top 44.7%.
Is Uniteds' Cyclically Adjusted PS Ratio too high?
Uniteds' current Cyclically Adjusted PS Ratio of 6.94 is near median its 10-year median of 7.55. Over the past 10 years, this metric has ranged from a low of 5.62 to a high of 11.59. The Asset Management industry median Cyclically Adjusted PS Ratio is 7.86. Uniteds' value of 6.94 is 11.7% below this industry median. Based on the distribution chart, Uniteds ranks #413 out of 923 companies in the Asset Management industry, which is above the industry midpoint. Overall, Uniteds has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Uniteds' Cyclically Adjusted PS Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Uniteds ranks #413 out of 923 companies for Cyclically Adjusted PS Ratio. This puts Uniteds in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 7.86. Uniteds' value of 6.94 is 11.7% below this benchmark. Historically, Uniteds' own Cyclically Adjusted PS Ratio has ranged from 5.62 to 11.59 over the past decade. While the company's 10-year median is 7.55 vs. the industry median of 7.86, Uniteds 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 PS Ratio for an Asset Management company?
The median Cyclically Adjusted PS Ratio among Asset Management companies is 7.86, based on 923 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Uniteds's current Cyclically Adjusted PS Ratio of 6.94 is 11.7% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Uniteds and its competitors. For the Asset Management industry, the median Cyclically Adjusted PS Ratio is 7.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Uniteds's current Cyclically Adjusted PS Ratio is 6.94, which is near median its own 10-year median of 7.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Uniteds stock overvalued right now?
Based on GuruFocus' analysis, Uniteds (TSX:UNC) is currently considered Modestly Undervalued. The stock's GF Value™ is C$18.92, compared to a current price of C$14.86 — trading 21.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 6.94, which is near median its 10-year median of 7.55 and 11.7% below the Asset Management industry median of 7.86. Uniteds' overall GF Score™ is 60/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Uniteds (TSX:UNC), the current Cyclically Adjusted PS Ratio is 6.94 as of Aug. 19, 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 Uniteds (TSX:UNC) Overvalued in 2026?

Based on GuruFocus' analysis, Uniteds stock appears to be undervalued. The current stock price of C$14.86 is trading 21.5% below its estimated GF Value™ of C$18.92. GuruFocus considers Uniteds to be Modestly Undervalued.

Key valuation signals for TSX:UNC:

  • Cyclically Adjusted PS Ratio: 6.94 (near median its 10-year median of 7.55)
  • GF Value™: C$18.92 vs. price of C$14.86 (21.5% below fair value)
  • GF Score™: 60/100 with 2 warning signs
  • Industry Position: 11.7% below the Asset Management median (#413 of 923)

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


Uniteds Business Description

Address 165 University Avenue, 10th Floor, Toronto, ON, CAN, M5H 3B8
United Corporations Ltd is a closed-end investment company. Its investment objective is to earn an above-average rate of return through long-term capital appreciation and dividend income. The investment portfolio of the company comprises mainly foreign equities. It seeks long-term growth through investments in common equities cause management believes that in the long term common equities will outperform fixed-income instruments or balanced funds. The company invests in the United States, Europe, United Kingdom, Canada, Australia and Japan.
60GF Score

Get the complete analysis for TSX:UNC

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

C$14.86
Price
C$18.92
GF Value