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Ultrapar ParticipacoesUGP -3.92%76 EV-to-OCF is 7.96 as of Aug. 09, 2026, which is 23% below its 10-year median of 10.28. GuruFocus rates UGP with a GF Score™ of 76/100 and a GF Value™ of $4.60 (Modestly Overvalued). The stock has 5 warning signs investors should review. Among 1,023 Oil & Gas companies, Ultrapar Participacoes ranks worse than 62.07% on this metric.
EV-to-OCF is calculated as enterprise value divided by its cash flow from operations. As of today, Ultrapar Participacoes's Enterprise Value is $9,665 Mil.
Ultrapar Participacoes's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 was $1,214 Mil. Therefore, Ultrapar Participacoes's EV-to-OCF for today is 7.96.
The historical rank and industry rank for Ultrapar Participacoes's EV-to-OCF or its related term are showing as below:
UGP'
s EV-to-OCF Range Over the Past 10 Years
Min: 5.51 Med: 10.28 Max: 48.74
Current: 7.55
During the past 13 years, the highest EV-to-OCF of Ultrapar Participacoes was 48.74. The lowest was 5.51. And the median was 10.28.
UGP's EV-to-OCF is ranked worse than 62.07% of 1023
companies
in the Oil & Gas industry
Industry Median: 5.65
vs UGP: 7.55
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
EV-to-OCF is a valuation multiple that allows analysts and investors to compare stocks, preferably in the same sector or industry. This important multiple is often used in conjunction with, or as an alternative to, the PE Ratio (TTM) to determine the fair market value of a company.
Ultrapar Participacoes's PE Ratio (TTM) for today is calculated as:
Ultrapar Participacoes's share price for today is $6.12.
Ultrapar Participacoes's Earnings per Share (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.504.
* 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.
Enterprise Value is used because it is a more complete measure in reflecting how much an investor pays when buying a company. Cash Flow from Operations is an important financial metric because it represents the cash generated from operating activities at a company's disposal. Companies with a low EV-to-OCF ratio, combined with a strong balance sheet are generally considered as undervalued.
* 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.
For the Oil & Gas Refining & Marketing subindustry, Ultrapar Participacoes's EV-to-OCF, along with its competitors' market caps and EV-to-OCF 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 EV-to-OCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's EV-to-OCF distribution charts can be found below:
* The bar in red indicates where Ultrapar Participacoes's EV-to-OCF falls into.
Ultrapar Participacoes's current Enterprise Value is $9,665 Mil.
Ultrapar Participacoes's Cash Flow from Operations for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,214 Mil.
* 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 (UGP) has a EV-to-OCF of 7.96 as of Aug. 09, 2026. This is 23% below median its historical median of 10.28. Over the past decade, Ultrapar Participacoes' EV-to-OCF has ranged from 5.51 to 48.74. According to the industry distribution chart, Ultrapar Participacoes ranks #635 out of 1023 companies in the Oil & Gas industry, placing it in the top 62.1%.
Is Ultrapar Participacoes' EV-to-OCF too high?
Ultrapar Participacoes' current EV-to-OCF of 7.96 is 23% below median its 10-year median of 10.28. Over the past 10 years, this metric has ranged from a low of 5.51 to a high of 48.74. The Oil & Gas industry median EV-to-OCF is 5.65. Ultrapar Participacoes' value of 7.96 is 40.9% above this industry median. Based on the distribution chart, Ultrapar Participacoes ranks #635 out of 1023 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, Ultrapar Participacoes has a GF Score™ of 76/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' EV-to-OCF compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Ultrapar Participacoes ranks #635 out of 1023 companies for EV-to-OCF. This places Ultrapar Participacoes in the lower half of its industry. The industry median EV-to-OCF is 5.65. Ultrapar Participacoes' value of 7.96 is 40.9% above this benchmark. Historically, Ultrapar Participacoes' own EV-to-OCF has ranged from 5.51 to 48.74 over the past decade. While the company's 10-year median is 10.28 vs. the industry median of 5.65, Ultrapar Participacoes has consistently been above 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 EV-to-OCF for an Oil & Gas company?
The median EV-to-OCF among Oil & Gas companies is 5.65, based on 1,023 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-OCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-OCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ultrapar Participacoes's current EV-to-OCF of 7.96 is 40.9% above 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 EV-to-OCF mean?
A high EV-to-OCF can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median EV-to-OCF is 5.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultrapar Participacoes's current EV-to-OCF is 7.96, which is 23% below median its own 10-year median of 10.28. 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 (UGP) is currently considered Modestly Overvalued. The stock's GF Value™ is $4.60, compared to a current price of $6.12 — trading 33% above its estimated fair value. The current EV-to-OCF is 7.96, which is 23% below median its 10-year median of 10.28 and 40.9% above the Oil & Gas industry median of 5.65. Ultrapar Participacoes' overall GF Score™ is 76/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EV-to-OCF calculated?
EV-to-OCF is calculated from a company's financial statements. For Ultrapar Participacoes (UGP), the current EV-to-OCF is 7.96 as of Aug. 09, 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 (UGP) Overvalued in 2026?
Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued.
The current stock price of $6.12 is trading 33% above its estimated GF Value™ of $4.60.
GuruFocus considers Ultrapar Participacoes to be Modestly Overvalued.
Key valuation signals for UGP:
EV-to-OCF: 7.96 (23% below median its 10-year median of 10.28)
GF Value™: $4.60 vs. price of $6.12 (33% above fair value)
Industry Position: 40.9% above the Oil & Gas median (#635 of 1023)
No single metric tells the full story. See the UGP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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
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