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UBS Group AG (UBS Group AG) Cyclically Adjusted PB Ratio : 1.43 (As of Apr. 28, 2024)


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What is UBS Group AG Cyclically Adjusted PB Ratio?

As of today (2024-04-28), UBS Group AG's current share price is $27.38. UBS Group AG's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2023 was $19.14. UBS Group AG's Cyclically Adjusted PB Ratio for today is 1.43.

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

UBS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.59   Med: 1.04   Max: 1.74
Current: 1.55

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.

UBS's Cyclically Adjusted PB Ratio is ranked worse than
80.46% of 1172 companies
in the Banks industry
Industry Median: 0.92 vs UBS: 1.55

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 Dec. 2023 was $26.835. 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 $19.14 for the trailing ten years ended in Dec. 2023.

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
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 1.14 1.26 1.15 1.42 1.61

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
=27.38/19.14
=1.43

* 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 Dec. 2023 is calculated as:

For example, UBS Group AG's adjusted Book Value per Share data for the three months ended in Dec. 2023 was:

Adj_Book=Book Value per Share/CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=26.835/106.4611*106.4611
=26.835

Current CPI (Dec. 2023) = 106.4611.

UBS Group AG Quarterly Data

Book Value per Share CPI Adj_Book
201403 14.735 101.224 15.497
201406 14.809 101.517 15.530
201409 14.236 101.247 14.969
201412 14.102 100.704 14.908
201503 14.807 100.339 15.710
201506 14.797 100.464 15.680
201509 14.835 99.785 15.828
201512 14.919 99.386 15.981
201603 15.275 99.475 16.348
201606 14.561 100.088 15.488
201609 14.882 99.604 15.907
201612 14.254 99.380 15.270
201703 14.440 100.040 15.367
201706 14.570 100.285 15.467
201709 14.759 100.254 15.673
201712 14.109 100.213 14.989
201803 14.288 100.836 15.085
201806 13.647 101.435 14.323
201809 13.980 101.246 14.700
201812 14.346 100.906 15.136
201903 14.453 101.571 15.149
201906 14.530 102.044 15.159
201909 15.473 101.396 16.246
201912 15.072 101.063 15.877
202003 16.168 101.048 17.034
202006 15.900 100.743 16.802
202009 16.570 100.585 17.538
202012 16.738 100.241 17.777
202103 16.470 100.800 17.395
202106 16.903 101.352 17.755
202109 17.477 101.533 18.325
202112 17.844 101.776 18.666
202203 17.573 103.205 18.127
202206 17.451 104.783 17.731
202209 17.520 104.835 17.792
202212 18.301 104.666 18.615
202303 18.594 106.245 18.632
202306 26.953 106.576 26.924
202309 26.245 106.570 26.218
202312 26.835 106.461 26.835

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  (NYSE:UBS) 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 (UBS Group AG) 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.