UGI (UGI) Cyclically Adjusted PS Ratio: (As of Sep. 22, 2026)

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

UGI UGI Corp UGI
71 GF Score
Price $37.23
GF Value $32.03
Valuation Modestly Overvalued
! 8 Warning Signs
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What is UGI Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


UGI  (NYSE:UGI) 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.


UGI Cyclically Adjusted PS Ratio Related Terms


UGI Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for UGI'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.

UGI Cyclically Adjusted PS Ratio Chart

UGI Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.00 0.71 0.50 0.56 0.76

UGI 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 0.81 0.74 0.84 0.81 0.76

UGI vs SWX, BKH, NJR: Cyclically Adjusted PS Ratio Comparison

For the Utilities - Regulated Gas subindustry, UGI'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.


UGI Cyclically Adjusted PS Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, UGI's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


UGI
71GF Score
UGI Corp UGI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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UGI 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.

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

For example, UGI'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)
=6.2/333.9520*333.9520
=6.200

Current CPI (Jun. 2026) = 333.9520.

UGI Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.642 241.428 7.804
201612 9.489 241.432 13.125
201703 12.267 243.801 16.803
201706 6.636 244.955 9.047
201709 6.307 246.819 8.534
201712 12.018 246.524 16.280
201803 15.947 249.554 21.340
201806 8.156 251.989 10.809
201809 7.187 252.439 9.508
201812 12.407 251.233 16.492
201903 14.671 254.202 19.274
201906 7.762 256.143 10.120
201909 6.067 256.759 7.891
201912 9.487 256.974 12.329
202003 10.597 258.115 13.711
202006 5.710 257.797 7.397
202009 5.389 260.280 6.914
202012 9.201 260.474 11.797
202103 12.295 264.877 15.501
202106 5.478 271.696 6.733
202109 9.431 274.310 11.482
202112 12.710 278.802 15.224
202203 16.084 287.504 18.682
202206 9.701 296.311 10.933
202209 8.998 296.808 10.124
202212 13.123 296.797 14.766
202303 14.344 301.836 15.870
202306 7.906 305.109 8.653
202309 6.511 307.789 7.064
202312 9.830 306.746 10.702
202403 11.466 312.332 12.260
202406 6.550 314.175 6.962
202409 5.779 315.301 6.121
202412 9.416 315.605 9.963
202503 12.181 319.799 12.720
202506 6.485 322.561 6.714
202509 5.565 324.800 5.722
202512 9.408 324.054 9.695
202603 12.056 330.213 12.193
202606 6.200 333.952 6.200

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.

Is UGI (UGI) Overvalued in 2026?

Based on GuruFocus' analysis, UGI stock appears to be overvalued. The current stock price of $37.23 is trading 16.2% above its estimated GF Value™ of $32.03. GuruFocus considers UGI to be Modestly Overvalued.

Key valuation signals for UGI:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $32.03 vs. price of $37.23 (16.2% above fair value)
  • GF Score™: 71/100 with 8 warning signs

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


UGI Business Description

Other Exchanges 3U6:Germany
Address 500 North Gulph Road, King of Prussia, PA, USA, 19406
UGI Corp is an American holding company that, through its subsidiaries, is involved in the transport and marketing of energy and related services. Its segments include AmeriGas Propane, UGI International, Midstream & Marketing, and Utilities. The AmeriGas Propane segment consists of the propane distribution business. The UGI International segment consists of LPG distribution businesses. The Midstream & Marketing segment consists of energy-related businesses. The Utilities segment consists of the regulated natural gas and electric distribution. The company derives a majority of its revenue from the UGI International segment.
71GF Score

Get the complete analysis for UGI

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

$37.23
Price
$32.03
GF Value