The electric power generation and oil/gas production industries have a strong interest in the physical characterization of conducting and non-conducting liquid films that are formed during the flow of liquids in pipes. Conducting and non-conducting liquid films do not lend themselves to the same characterization techniques due to the different requirements originating from their electrical properties. Techniques based on the use of ultrasound are extremely attractive for that purpose as they do not depend on the electrical properties of the liquid and are also non-invasive. This paper presents the application of ultrasonic techniques for measuring the thickness of wavy thin liquid films (<6 mm) in vertical pipes. Initial benchtop experiments were performed, and different signal processing methods were implemented in order to identify the most suitable depending on the film thickness. For a film thickness >0.5 mm a time of flight method was utilized whereas for a film thicknesses <0.5 mm a frequency method and time domain method were utilized. These methods were validated using a theoretical volume measurement on a static system. The studied methods were then tested on downward and upward vertical flow experimental rigs with pipe diameters of 127mm and 34.5mm respectively. The results of the experiments using ultrasonic methods showed good agreement with the measurements obtained using a multi pin film sensor and a concentric conductance probe, highlighting the potential that ultrasound offers in thin film measurements.