Ultrapar Participacoes (BSP:UGPA3) Cyclically Adjusted Revenue per Share: R$110.47 (As of Jun. 2026)

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BSP:UGPA3 Ultrapar Participacoes SA BSP:UGPA3
76 GF Score
Price R$37.42
GF Value R$25.62
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Ultrapar Participacoes Cyclically Adjusted Revenue per Share?

Ultrapar Participacoes BSP:UGPA3 +2.66% 76 Cyclically Adjusted Revenue per Share is R$110.47 as of Jun. 2026. GuruFocus rates BSP:UGPA3 with a GF Score™ of 76/100 and a GF Value™ of R$25.62 (Significantly Overvalued). The stock has 4 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Ultrapar Participacoes's adjusted revenue per share for the three months ended in Jun. 2026 was R$37.938. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is R$110.47 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Ultrapar Participacoes's average Cyclically Adjusted Revenue Growth Rate was 10.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 12.00% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 8.70% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Ultrapar Participacoes was 20.20% per year. The lowest was 3.60% per year. And the median was 12.30% per year.

As of today (2026-09-05), Ultrapar Participacoes's current stock price is R$37.42. Ultrapar Participacoes's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was R$110.47. Ultrapar Participacoes's Cyclically Adjusted PS Ratio of today is 0.34.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ultrapar Participacoes was 0.36. The lowest was 0.09. And the median was 0.21.


Ultrapar Participacoes  (BSP:UGPA3) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Ultrapar Participacoes's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=37.42/110.47
=0.34

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Ultrapar Participacoes was 0.36. The lowest was 0.09. And the median was 0.21.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Ultrapar Participacoes Cyclically Adjusted Revenue per Share Related Terms


Ultrapar Participacoes Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Ultrapar Participacoes's Cyclically Adjusted Revenue per Share 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.

Ultrapar Participacoes Cyclically Adjusted Revenue per Share Chart

Ultrapar Participacoes Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 68.73 79.23 87.03 95.38 104.04

Ultrapar Participacoes Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted Revenue per Share 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 100.28 102.92 104.04 106.47 110.47

BSP:UGPA3 vs MPC, VLO, PSX: Cyclically Adjusted Revenue per Share Comparison

For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes'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.


Ultrapar Participacoes Cyclically Adjusted PS Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


BSP:UGPA3
76GF Score
Ultrapar Participacoes SA BSP:UGPA3
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Ultrapar Participacoes Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Ultrapar Participacoes'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)
=37.938/177.5443*177.5443
=37.938

Current CPI (Jun. 2026) = 177.5443.

Ultrapar Participacoes Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 8.051 109.986 12.996
201612 16.927 110.802 27.123
201703 16.992 111.869 26.968
201706 7.865 112.115 12.455
201709 8.422 112.777 13.259
201712 19.550 114.068 30.429
201803 9.506 114.868 14.693
201806 9.380 117.038 14.229
201809 10.110 117.881 15.227
201812 21.407 118.340 32.117
201903 19.449 120.124 28.746
201906 9.203 120.977 13.506
201909 9.844 121.292 14.409
201912 15.792 123.436 22.714
202003 19.564 124.092 27.991
202006 6.722 123.557 9.659
202009 8.790 125.095 12.475
202012 14.626 129.012 20.128
202103 20.139 131.660 27.157
202106 24.085 133.871 31.942
202109 26.853 137.913 34.570
202112 29.071 141.992 36.350
202203 28.719 146.537 34.796
202206 33.623 149.784 39.855
202209 35.809 147.800 43.016
202212 32.606 150.207 38.540
202303 27.657 153.352 32.020
202306 26.802 154.519 30.796
202309 29.417 155.464 33.595
202312 30.197 157.148 34.116
202403 27.344 159.372 30.462
202406 28.894 161.052 31.853
202409 31.572 162.342 34.528
202412 31.627 164.740 34.085
202503 30.001 168.102 31.686
202506 30.696 169.670 32.121
202509 33.437 170.739 34.770
202512 36.058 171.765 37.271
202603 33.626 175.066 34.102
202606 37.938 177.544 37.938

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of R$110.47 mean?
Ultrapar Participacoes (BSP:UGPA3) has a Cyclically Adjusted Revenue per Share of R$110.47 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ultrapar Participacoes and its competitors.
Is Ultrapar Participacoes' Cyclically Adjusted Revenue per Share too high?
Ultrapar Participacoes' current Cyclically Adjusted Revenue per Share is R$110.47. Overall, Ultrapar Participacoes has a GF Score™ of 76/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' Cyclically Adjusted Revenue per Share compare to MPC and VLO?
Ultrapar Participacoes' Cyclically Adjusted Revenue per Share of R$110.47 can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for an Oil & Gas company?
A good Cyclically Adjusted Revenue per Share depends on the Oil & Gas industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Ultrapar Participacoes and its competitors. Ultrapar Participacoes's current Cyclically Adjusted Revenue per Share is R$110.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ultrapar Participacoes stock overvalued right now?
Based on GuruFocus' analysis, Ultrapar Participacoes (BSP:UGPA3) is currently considered Significantly Overvalued. The stock's GF Value™ is R$25.62, compared to a current price of R$37.42 — trading 46.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is R$110.47. Ultrapar Participacoes' overall GF Score™ is 76/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Ultrapar Participacoes (BSP:UGPA3), the current Cyclically Adjusted Revenue per Share is R$110.47 as of Jun. 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 Ultrapar Participacoes (BSP:UGPA3) Overvalued in 2026?

Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued. The current stock price of R$37.42 is trading 46.1% above its estimated GF Value™ of R$25.62. GuruFocus considers Ultrapar Participacoes to be Significantly Overvalued.

Key valuation signals for BSP:UGPA3:

  • Cyclically Adjusted Revenue per Share: R$110.47
  • GF Value™: R$25.62 vs. price of R$37.42 (46.1% above fair value)
  • GF Score™: 76/100 with 4 warning signs

No single metric tells the full story. See the BSP:UGPA3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Ultrapar Participacoes Business Description

Industry EnergyOil & Gas
Address Brigadeiro Luis Antonio Avenue, 1343, 9th Floor, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, and industrial activities, through the subscription or acquisition of shares of other companies. The company's business segments include: i) Ultragaz distributes LPG in the segments: bulk, comprising condominiums, trade, services, industries, and agribusiness; and bottled, mainly comprising residential consumers. ii) Ipiranga, the majority revenue generating segment, engages in the distribution and sale of oil-related products to service stations that operate under the Ipiranga brand throughout Brazil. iii) Ultracargo operates in specialized liquid bulk storage solutions in the main logistics centers. iv) Hidrovias: operates in logistics solutions and waterway and multimodal infrastructure.
76GF Score

Get the complete analysis for BSP:UGPA3

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

R$37.42
Price
R$25.62
GF Value