UGI · rate-regulated utility · book-value and yield view
UGI Corporation (UGI): Valuation Snapshot
UGI Corporation (UGI) is a rate-regulated utility, and a discounted-cash-flow model is the wrong lens for one, so TickerWorth does not publish a DCF fair value for it. What its filings and market data do show is below. Snapshot as of Oct 19, 2026.
Model by Miraaj Patel · generated from public market data · Updated Oct 19, 2026 · How these pages are made
Why is there no fair value for UGI?
This is a rate-regulated utility. Its returns are set by a regulator on an approved rate base rather than won in a market, so a free-cash-flow DCF is the wrong lens — heavy ongoing capex is the business model, not a cash-flow problem. We show the regulated-asset lenses — book value, earnings and dividend — instead.
What is UGI's TickerWorth Score?
Cheap against our estimate — but a weaker business
Compared with Utilities companies in US
Its strongest point: looks cheap on the numbers. Its weakest: growth is slow or negative.
- Value · 86 of 100
Cheaper than 86% of Utilities companies in US
- Price vs worth · 55 of 100
- Quality · 44 of 100
More profitable than 44% of Utilities companies in US
- Financial health · 84 of 100
Financially stronger than 84% of Utilities companies in US
- Growth · 13 of 100
Growing faster than 13% of Utilities companies in US
- Momentum · 95 of 100
Outperformed 95% of Utilities companies in US over the past year
Confidence: Medium confidence · Scored
Get the Undervalued Company of the Week.
- Price
- $38.55
- Market cap
- $8,
269, 638, 656 - 52-week high
- $41.34
- 52-week low
- $31.65
- Currency
- USD
- Exchange
- NYSE
Snapshot of Oct 19, 2026, quote time not published · Prices are delayed.
What we can say
UGI Corporation (UGI) is a rate-regulated utility, and a free-cash-flow discounted-cash-flow (DCF) model is structurally the wrong lens for one. Its returns are not won in a market — a regulator sets them on an approved rate base — and the heavy, permanent capital spending that depresses its free cash flow is the business model rather than a problem with it. We have the data to print a DCF number for UGI; we don't publish one because the model's assumptions don't describe how this company actually earns. What follows is the lenses that do — descriptive, not a valuation, and not investment advice.
Read the full reasoning
On the numbers we do have, UGI trades at a recent price of $38.55, a market capitalisation of about $8,269,638,656, sitting 71% of the way up its 52-week range ($31.65–$41.34), on the NYSE.
The standard alternative to a DCF is relative valuation — comparing UGI's trading multiples against a sector benchmark. Here that gives P/E of 12.8× (cheaper than the peer median of 22.0×); Fwd P/E of 12.0× (cheaper than the peer median of 18.2×); P/B of 1.6× (cheaper than the peer median of 2.2×); P/S of 1.1× (cheaper than the peer median of 3.1×); EV/EBITDA of 8.5× (cheaper than the peer median of 13.7×); Dividend yield of 3.9% (cheaper than the peer median of 3.3%). A cheaper multiple than peers can flag a discount or a market that expects weaker growth; it is a comparison, not a recommendation.
The asset, or book-value, lens is the classic tool for asset-heavy businesses and financials. UGI shows a price-to-book (P/B) of 1.59 and book value of $24.30 per share. Price-to-book compares the market price to the accounting net-asset value per share; below 1.0 can mean a discount to net assets or that the market is pricing in trouble — descriptive either way, never a buy signal on its own.
Finally, a price-based read — explicitly not a valuation. UGI is in an up-trend (price above both its 50- and 200-day averages), trading -6.7% from its 52-week high. Over the past year the stock is +17.3%. Moving-average trend and 52-week position describe where the stock has traded; they say nothing about what it is worth.
To be exact about what this page is not: we are not saying the numbers for UGI are unavailable. They are, and they are above. We are saying a discounted-cash-flow model is the wrong instrument for this kind of business, and publishing one anyway — because the inputs happen to exist — would be a precise answer to the wrong question. Refusing is the more useful answer, and it is the same rule we apply to every name in this category.
UGI vs peers
Sector benchmark (bellwethers, not direct competitors).
| Multiple | UGI | Peer median | Read |
|---|---|---|---|
| P/E | 12.8× | 22.0× | cheaper than |
| Fwd P/E | 12.0× | 18.2× | cheaper than |
| P/B | 1.6× | 2.2× | cheaper than |
| P/S | 1.1× | 3.1× | cheaper than |
| EV/EBITDA | 8.5× | 13.7× | cheaper than |
| Dividend yield | 3.9% | 3.3% | cheaper than |
What does UGI Corporation do?
What does it do?
UGI Corporation, together with its subsidiaries, engages in the distribution, storage, transportation, and marketing of energy products and related services in the United States and internationally. The company operates through four segments: Utilities, Midstream & Marketing, UGI International, and AmeriGas Propane. It operates in the Utilities - Regulated Gas industry (Utilities sector), headquartered in United States. The company employs roughly 9,400 people.
How does it make money?
The business turns $7.3B in annual revenue into profit. Out of every $100 of sales, about $0 is left as operating profit (operating margin of -2.5%), after a 51% gross margin on the products/services it sells. After all costs, taxes and interest, 9.2% of revenue becomes bottom-line net profit.
Is it financially healthy?
Financially it looks stretched: carries moderate debt (1.3× equity), can just cover its short-term bills (1.4× current ratio), and is currently profitable.
Who at UGI filed insider trades?
| Date | Insider | Relationship | What happened | Value | Filing |
|---|---|---|---|---|---|
| Shea-Ballay Kathleen | GC and Chief Legal Officer | Option exercise | $623,856.00 | Form 4 for Shea-Ballay Kathleen (opens sec.gov in a new tab) | |
| Shea-Ballay Kathleen | GC and Chief Legal Officer | Open-market sale | $852,494.15 | Form 4 for Shea-Ballay Kathleen (opens sec.gov in a new tab) | |
| O'Brien Sean | Chief Financial Officer | Option exercise | — | Form 4 for O'Brien Sean (opens sec.gov in a new tab) | |
| O'Brien Sean | Chief Financial Officer | Shares withheld (tax) | $59,793.44 | Form 4 for O'Brien Sean (opens sec.gov in a new tab) | |
| Tematio Jean Felix | VP, CAO & Corporate Controller | Option exercise | $315,864.00 | Form 4 for Tematio Jean Felix (opens sec.gov in a new tab) | |
| Tematio Jean Felix | VP, CAO & Corporate Controller | Open-market sale | $488,848.33 | Form 4 for Tematio Jean Felix (opens sec.gov in a new tab) |
A disclosure, not a signal to trade. Source: SEC EDGAR (Form 4). Older filings and the 90-day buying-and-selling read are part of Pro. See plans
Companies we do put a number on
Not investment advice. TickerWorth Score is a model output.
A descriptive, available-data snapshot and relative comparison — NOT a DCF, NOT a price target, and NOT investment advice. TickerWorth is not a licensed investment adviser, and these figures are estimates from public market data that can be wrong, stale or incomplete.