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Oshkosh (FRA:OK3) Cyclically Adjusted Book per Share : €39.28 (As of Mar. 2024)


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What is Oshkosh Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Oshkosh's adjusted book value per share for the three months ended in Mar. 2024 was €53.759. 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 €39.28 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oshkosh's average Cyclically Adjusted Book Growth Rate was 7.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 13.20% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 13.40% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 10.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Oshkosh was 22.40% per year. The lowest was 1.30% per year. And the median was 10.60% per year.

As of today (2024-05-16), Oshkosh's current stock price is €112.00. Oshkosh's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was €39.28. Oshkosh's Cyclically Adjusted PB Ratio of today is 2.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Oshkosh was 4.47. The lowest was 1.70. And the median was 2.89.


Oshkosh Cyclically Adjusted Book per Share Historical Data

The historical data trend for Oshkosh's Cyclically Adjusted Book per Share 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.

Oshkosh Cyclically Adjusted Book per Share Chart

Oshkosh Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 23.58 24.38 29.45 36.02 38.45

Oshkosh Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share 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 35.53 36.62 39.68 38.45 39.28

Competitive Comparison of Oshkosh's Cyclically Adjusted Book per Share

For the Farm & Heavy Construction Machinery subindustry, Oshkosh'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.


Oshkosh's Cyclically Adjusted PB Ratio Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



Oshkosh Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Oshkosh'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)
=53.759/131.7762*131.7762
=53.759

Current CPI (Mar. 2024) = 131.7762.

Oshkosh Quarterly Data

Book Value per Share CPI Adj_Book
201406 19.231 100.560 25.201
201409 19.292 100.428 25.314
201412 19.739 99.070 26.256
201503 22.428 99.621 29.667
201506 22.726 100.684 29.744
201509 22.567 100.392 29.622
201512 22.686 99.792 29.957
201603 23.010 100.470 30.180
201606 23.564 101.688 30.536
201609 23.822 101.861 30.818
201612 25.176 101.863 32.569
201703 25.418 102.862 32.563
201706 25.920 103.349 33.050
201709 25.808 104.136 32.658
201712 25.969 104.011 32.901
201803 25.780 105.290 32.265
201806 28.224 106.317 34.983
201809 29.764 106.507 36.826
201812 30.267 105.998 37.628
201903 31.649 107.251 38.886
201906 33.410 108.070 40.739
201909 34.722 108.329 42.237
201912 35.351 108.420 42.966
202003 35.750 108.902 43.259
202006 36.102 108.767 43.739
202009 35.513 109.815 42.615
202012 35.271 109.897 42.293
202103 36.949 111.754 43.569
202106 38.963 114.631 44.790
202109 41.964 115.734 47.781
202112 40.750 117.630 45.651
202203 40.771 121.301 44.292
202206 41.638 125.017 43.889
202209 44.666 125.227 47.002
202212 45.932 125.222 48.336
202303 46.389 127.348 48.002
202306 48.014 128.729 49.151
202309 50.780 129.860 51.530
202312 51.895 129.419 52.840
202403 53.759 131.776 53.759

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Oshkosh  (FRA:OK3) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Oshkosh's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=112.00/39.28
=2.85

* 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.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Oshkosh was 4.47. The lowest was 1.70. And the median was 2.89.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Oshkosh Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Oshkosh's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Oshkosh (FRA:OK3) Business Description

Traded in Other Exchanges
Address
1917 Four Wheel Drive, Oshkosh, WI, USA, 54902
Oshkosh is the top producer of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, where it is typically the market share leader in North America, or, in the case of JLG aerial work platforms, a global leader. In recent years, the company has manufactured joint light tactical vehicles, or JLTV, for the U.S. Department of Defense. However, Oshkosh recently lost the JLTV recompete, bringing its U.S. Postal Service contract into focus, which calls for the electrification of U.S. postal vehicles. The company reports four segments—access equipment (48% of revenue), defense (26%), fire and emergency (13%), and commercial (13%)—and generated $8.3 billion in revenue in 2022.

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