Ugi Corp (UGI)

Gas & Other Services Combined

Latest Price

$39.26

TTM P/E

13.22

Normalized P/E

35.86

TTM Div Yield

3.82%

Fwd Div Yield

3.82%

Book Value

24.32

P/B Ratio

1.61

Valuation metrics

EPS: $3.09

Book value / share: $22.27

Formula: √(22.5 × EPS × BVPS)

Graham Number

$39.35

+0% upside

Norm. op. income: $982M (median of 7yr)

Tax rate: 22%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$6.40

84% downside

Base FCF: $388M (median of recent 5yr)

Growth: 22%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$81.62

+108% upside

EPS: $3.09

Target P/E: 36×

Formula: EPS × P/E

P/E Fair Value

$111.24

+183% upside

92.1% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	26.46M	$914.0M	12.32%	+804.8K	2026-06-30
FMR LLC	13.99M	$483.0M	6.51%	-96.2K	2026-06-30
Vanguard Portfolio Management LLC	12.62M	$435.0M	5.87%	+684.4K	2026-06-30
Vanguard Capital Management LLC	9.65M	$333.0M	4.49%	+41.8K	2026-06-30
Neuberger Berman Group LLC	8.20M	$283.0M	3.82%	-225.3K	2026-06-30
State Street Corp	6.87M	$239.0M	3.20%	+120.9K	2026-06-30
Lsv Asset Management	6.23M	$215.0M	2.90%	+32.0K	2026-06-30
Fuller & Thaler Asset Management, Inc.	5.88M	$203.0M	2.74%	+540.5K	2026-06-30
Snyder Capital Management L P	5.37M	$185.0M	2.50%	-1.7K	2026-06-30
Geode Capital Management, LLC	4.54M	$156.0M	2.12%	+50.9K	2026-06-30