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UBS Group AG (BSP:UBSG34) Cyclically Adjusted PB Ratio : 1.70 (As of May. 19, 2024)


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What is UBS Group AG Cyclically Adjusted PB Ratio?

As of today (2024-05-19), UBS Group AG's current share price is R$155.70. UBS Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was R$91.82. UBS Group AG's Cyclically Adjusted PB Ratio for today is 1.70.

The historical rank and industry rank for UBS Group AG's Cyclically Adjusted PB Ratio or its related term are showing as below:

BSP:UBSG34' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.04   Max: 1.74
Current: 1.66

During the past years, UBS Group AG's highest Cyclically Adjusted PB Ratio was 1.74. The lowest was 0.59. And the median was 1.04.

BSP:UBSG34's Cyclically Adjusted PB Ratio is ranked worse than
83.08% of 1188 companies
in the Banks industry
Industry Median: 0.93 vs BSP:UBSG34: 1.66

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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

UBS Group AG's adjusted book value per share data for the three months ended in Mar. 2024 was R$132.414. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is R$91.82 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


UBS Group AG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for UBS Group AG's Cyclically Adjusted PB 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.

* Premium members only.

UBS Group AG Cyclically Adjusted PB Ratio Chart

UBS Group AG Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.90 0.90 1.14 1.14 1.61

UBS Group AG Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PB 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 1.26 1.15 1.42 1.61 1.68

Competitive Comparison of UBS Group AG's Cyclically Adjusted PB Ratio

For the Banks - Diversified subindustry, UBS Group AG's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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.


UBS Group AG's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, UBS Group AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where UBS Group AG's Cyclically Adjusted PB Ratio falls into.



UBS Group AG Cyclically Adjusted PB Ratio Calculation

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

UBS Group AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=155.70/91.82
=1.70

* 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.

UBS Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, UBS Group AG's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book=Book Value per Share/CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=132.414/107.3549*107.3549
=132.414

Current CPI (Mar. 2024) = 107.3549.

UBS Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201406 33.113 101.517 35.017
201409 33.282 101.247 35.290
201412 37.256 100.704 39.717
201503 46.514 100.339 49.766
201506 46.044 100.464 49.202
201509 57.903 99.785 62.296
201512 57.896 99.386 62.538
201603 56.487 99.475 60.962
201606 49.848 100.088 53.467
201609 48.414 99.604 52.181
201612 47.808 99.380 51.645
201703 45.161 100.040 48.463
201706 48.013 100.285 51.398
201709 46.234 100.254 49.509
201712 46.488 100.213 49.801
201803 46.849 100.836 49.878
201806 51.462 101.435 54.465
201809 57.438 101.246 60.904
201812 55.711 100.906 59.271
201903 55.512 101.571 58.673
201906 56.025 102.044 58.941
201909 63.743 101.396 67.489
201912 61.863 101.063 65.714
202003 79.002 101.048 83.933
202006 82.494 100.743 87.908
202009 89.476 100.585 95.499
202012 86.110 100.241 92.221
202103 92.810 100.800 98.846
202106 84.998 101.352 90.032
202109 92.262 101.533 97.553
202112 100.905 101.776 106.437
202203 87.451 103.205 90.967
202206 88.088 104.783 90.250
202209 91.870 104.835 94.078
202212 95.998 104.666 98.464
202303 96.849 106.245 97.861
202306 130.823 106.576 131.780
202309 129.614 106.570 130.569
202312 131.484 106.461 132.588
202403 132.414 107.355 132.414

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book 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.


UBS Group AG  (BSP:UBSG34) Cyclically Adjusted PB Ratio Explanation

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


UBS Group AG Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of UBS Group AG's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


UBS Group AG (BSP:UBSG34) Business Description

Industry
Address
Bahnhofstrasse 45, Zurich, CHE, CH-8001
The core of UBS is its global wealth management business focusing on high and ultra-high-net-worth individuals. UBS is also a conventional retail and commercial bank in its Swiss home market. Its investment bank and asset management businesses support its wealth management operations, but also leverage its strength in wealth management to serve third-party clients.

UBS Group AG (BSP:UBSG34) Headlines

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