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Ultrapar Participacoes (BUE:UGP) Cyclically Adjusted PB Ratio : 3.81 (As of Jun. 08, 2024)


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What is Ultrapar Participacoes Cyclically Adjusted PB Ratio?

As of today (2024-06-08), Ultrapar Participacoes's current share price is ARS5755.00. Ultrapar Participacoes's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ARS1,510.58. Ultrapar Participacoes's Cyclically Adjusted PB Ratio for today is 3.81.

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

BUE:UGP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.29   Med: 3.2   Max: 4.6
Current: 3.16

During the past years, Ultrapar Participacoes's highest Cyclically Adjusted PB Ratio was 4.60. The lowest was 1.29. And the median was 3.20.

BUE:UGP's Cyclically Adjusted PB Ratio is ranked worse than
88.98% of 826 companies
in the Oil & Gas industry
Industry Median: 1.025 vs BUE:UGP: 3.16

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.

Ultrapar Participacoes's adjusted book value per share data for the three months ended in Mar. 2024 was ARS2,146.928. 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 ARS1,510.58 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Ultrapar Participacoes Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Ultrapar Participacoes'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.

Ultrapar Participacoes Cyclically Adjusted PB Ratio Chart

Ultrapar Participacoes 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 2.99 2.65 2.96 2.18 3.94

Ultrapar Participacoes 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 2.30 3.02 2.90 3.94 4.06

Competitive Comparison of Ultrapar Participacoes's Cyclically Adjusted PB Ratio

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


Ultrapar Participacoes's Cyclically Adjusted PB Ratio Distribution in the Oil & Gas Industry

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

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



Ultrapar Participacoes 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.

Ultrapar Participacoes's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=5755.00/1510.58
=3.81

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

For example, Ultrapar Participacoes'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)
=2146.928/159.3724*159.3724
=2,146.928

Current CPI (Mar. 2024) = 159.3724.

Ultrapar Participacoes Quarterly Data

Book Value per Share CPI Adj_Book
201406 11.388 91.838 19.762
201409 11.143 92.602 19.178
201412 10.316 94.194 17.454
201503 9.132 97.799 14.881
201506 9.768 100.006 15.567
201509 7.928 101.392 12.462
201512 10.971 104.247 16.772
201603 13.201 106.979 19.666
201606 14.166 108.851 20.741
201609 15.935 109.986 23.090
201612 16.526 110.802 23.770
201703 17.934 111.869 25.549
201706 18.614 112.115 26.460
201709 21.142 112.777 29.877
201712 22.717 114.068 31.740
201803 23.236 114.868 32.239
201806 25.297 117.038 34.447
201809 34.955 117.881 47.258
201812 38.916 118.340 52.409
201903 41.331 120.124 54.835
201906 47.645 120.977 62.766
201909 55.794 121.292 73.311
201912 58.433 123.436 75.445
202003 49.034 124.092 62.975
202006 50.931 123.557 65.694
202009 54.855 125.095 69.886
202012 63.858 129.012 78.885
202103 64.734 131.660 78.359
202106 166.985 133.871 198.795
202109 166.406 137.913 192.299
202112 165.216 141.992 185.439
202203 208.510 146.537 226.773
202206 237.337 149.784 252.531
202209 265.508 147.800 286.297
202212 343.640 150.207 364.609
202303 414.147 153.352 430.405
202306 549.022 154.519 566.267
202309 826.095 155.464 846.866
202312 913.365 157.148 926.293
202403 2,146.928 159.372 2,146.928

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.


Ultrapar Participacoes  (BUE:UGP) 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.


Ultrapar Participacoes Cyclically Adjusted PB Ratio Related Terms

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


Ultrapar Participacoes (BUE:UGP) Business Description

Industry
Address
Brigadeiro Luis Antonio Avenue, 1343, Sao Paulo, SP, BRA, 01317-910
Ultrapar Participacoes SA engages in the investment of its own capital in services, commercial, industrial activities, through the subscription or acquisition of shares of other companies. The Company has three business segments: gas distribution, fuel distribution and storage. The gas distribution segment (Ultragaz) distributes LPG to residential, commercial, and industrial consumers, especially in the South, Southeast, and Northeast regions of Brazil. The fuel distribution segment operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants and related activities throughout all the Brazilian territory. The storage segment operates liquid bulk terminals, especially in the Southeast and Northeast regions of Brazil.