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.
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.
Ultrapar ParticipacoesMEX:UGPN 72 EV-to-FCF is 10.37 as of Aug. 04, 2026, which is 32% below its 10-year median of 15.27. GuruFocus rates MEX:UGPN with a GF Score™ of 72/100 and a GF Value™ of MXN69.69. The stock has 5 warning signs investors should review. Among 583 Oil & Gas companies, Ultrapar Participacoes ranks better than 64.32% on this metric.
EV-to-FCF is calculated as enterprise value divided by its free cash flow. As of today, Ultrapar Participacoes's Enterprise Value is MXN159,708 Mil.
Ultrapar Participacoes's Free Cash Flow for the trailing twelve months (TTM) ended in Mar. 2026 was MXN15,403 Mil. Therefore, Ultrapar Participacoes's EV-to-FCF for today is 10.37.
The historical rank and industry rank for Ultrapar Participacoes's EV-to-FCF or its related term are showing as below:
MEX:UGPN'
s EV-to-FCF Range Over the Past 10 Years
Min: -291.18 Med: 15.27 Max: 1612.31
Current: 11.25
During the past 13 years, the highest EV-to-FCF of Ultrapar Participacoes was 1612.31. The lowest was -291.18. And the median was 15.27.
MEX:UGPN's EV-to-FCF is ranked better than 64.32% of 583
companies
in the Oil & Gas industry
Industry Median: 15.65
vs MEX:UGPN: 11.25
EV-to-FCF 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-FCF 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 MXN98.30.
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 MXN9.287.
* 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. Free Cash Flow is an important financial metric because it represents the actual amount of cash at a company's disposal. Companies with a low EV-to-FCF 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-FCF, along with its competitors' market caps and EV-to-FCF 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-FCF vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Ultrapar Participacoes's EV-to-FCF distribution charts can be found below:
* The bar in red indicates where Ultrapar Participacoes's EV-to-FCF falls into.
Ultrapar Participacoes's current Enterprise Value is MXN159,708 Mil.
Ultrapar Participacoes's Free Cash Flow 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 MXN15,403 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 (MEX:UGPN) has a EV-to-FCF of 10.37 as of Aug. 04, 2026. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ultrapar Participacoes and its competitors. This is 32% below median its historical median of 15.27. According to the industry distribution chart, Ultrapar Participacoes ranks #208 out of 583 companies in the Oil & Gas industry, placing it in the top 35.7%.
Is Ultrapar Participacoes' EV-to-FCF too high?
Ultrapar Participacoes' current EV-to-FCF of 10.37 is 32% below median its 10-year median of 15.27. The Oil & Gas industry median EV-to-FCF is 15.65. Ultrapar Participacoes' value of 10.37 is 33.7% below this industry median. Based on the distribution chart, Ultrapar Participacoes ranks #208 out of 583 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Ultrapar Participacoes has a GF Score™ of 72/100, reflecting its overall financial health beyond just this single metric.
How does Ultrapar Participacoes' EV-to-FCF compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Ultrapar Participacoes ranks #208 out of 583 companies for EV-to-FCF. This puts Ultrapar Participacoes in the upper half of its industry. The industry median EV-to-FCF is 15.65. Ultrapar Participacoes' value of 10.37 is 33.7% below this benchmark. While the company's 10-year median is 15.27 vs. the industry median of 15.65, Ultrapar Participacoes 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 EV-to-FCF for an Oil & Gas company?
The median EV-to-FCF among Oil & Gas companies is 15.65, based on 583 companies in the industry. Companies in the top quartile (top 25%) have a EV-to-FCF significantly above this median, while those in the bottom quartile fall well below. However, EV-to-FCF should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Ultrapar Participacoes's current EV-to-FCF of 10.37 is 33.7% 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 EV-to-FCF mean?
A high EV-to-FCF can signal that a stock is expensive relative to its fundamentals. EV to FCF ratio is the company's enterprise value divided by free cash flow. View historical data on Ultrapar Participacoes and its competitors. For the Oil & Gas industry, the median EV-to-FCF is 15.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Ultrapar Participacoes's current EV-to-FCF is 10.37, which is 32% below median its own 10-year median of 15.27. 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?
Ultrapar Participacoes (MEX:UGPN) has a current EV-to-FCF of 10.37. The stock's GF Value™ is MXN69.69, compared to a current price of MXN98.30 — trading 41.1% above its estimated fair value. The current EV-to-FCF is 10.37, which is 32% below median its 10-year median of 15.27 and 33.7% below the Oil & Gas industry median of 15.65. Ultrapar Participacoes' overall GF Score™ is 72/100 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-FCF calculated?
EV-to-FCF is calculated from a company's financial statements. For Ultrapar Participacoes (MEX:UGPN), the current EV-to-FCF is 10.37 as of Aug. 04, 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 (MEX:UGPN) Overvalued in 2026?
Based on GuruFocus' analysis, Ultrapar Participacoes stock appears to be overvalued.
The current stock price of MXN98.30 is trading 41.1% above its estimated GF Value™ of MXN69.69.
Key valuation signals for MEX:UGPN:
EV-to-FCF: 10.37 (32% below median its 10-year median of 15.27)
GF Value™: MXN69.69 vs. price of MXN98.30 (41.1% above fair value)
Industry Position: 33.7% below the Oil & Gas median (#208 of 583)
No single metric tells the full story. See the MEX:UGPN 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.
72GF Score
Get the complete analysis for MEX:UGPN
EV-to-FCF is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:UGPN has been successfully added to your 
