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OSG (TSE:6136) Cyclically Adjusted PB Ratio : 1.41 (As of Jun. 03, 2024)


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What is OSG Cyclically Adjusted PB Ratio?

As of today (2024-06-03), OSG's current share price is 円1940.00. OSG's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 was 円1,377.07. OSG's Cyclically Adjusted PB Ratio for today is 1.41.

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

TSE:6136' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.21   Med: 1.76   Max: 3.5
Current: 1.41

During the past years, OSG's highest Cyclically Adjusted PB Ratio was 3.50. The lowest was 1.21. And the median was 1.76.

TSE:6136's Cyclically Adjusted PB Ratio is ranked better than
61.64% of 2148 companies
in the Industrial Products industry
Industry Median: 1.89 vs TSE:6136: 1.41

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.

OSG's adjusted book value per share data for the three months ended in Feb. 2024 was 円1,913.170. 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 円1,377.07 for the trailing ten years ended in Feb. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


OSG Cyclically Adjusted PB Ratio Historical Data

The historical data trend for OSG'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.

OSG Cyclically Adjusted PB Ratio Chart

OSG Annual Data
Trend Nov14 Nov15 Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.35 1.87 1.51 1.58 1.36

OSG Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 1.55 1.49 1.40 1.36 1.52

Competitive Comparison of OSG's Cyclically Adjusted PB Ratio

For the Tools & Accessories subindustry, OSG'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.


OSG's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, OSG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



OSG 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.

OSG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1940.00/1377.07
=1.41

* 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.

OSG's Cyclically Adjusted Book per Share for the quarter that ended in Feb. 2024 is calculated as:

For example, OSG's adjusted Book Value per Share data for the three months ended in Feb. 2024 was:

Adj_Book=Book Value per Share/CPI of Feb. 2024 (Change)*Current CPI (Feb. 2024)
=1913.17/106.9000*106.9000
=1,913.170

Current CPI (Feb. 2024) = 106.9000.

OSG Quarterly Data

Book Value per Share CPI Adj_Book
201405 884.939 98.100 964.322
201408 900.680 98.300 979.478
201411 963.114 97.900 1,051.654
201502 1,012.210 97.600 1,108.660
201505 1,075.312 98.700 1,164.649
201508 1,044.287 98.400 1,134.495
201511 1,079.106 98.100 1,175.907
201602 987.392 97.800 1,079.266
201605 947.906 98.200 1,031.885
201608 912.282 97.900 996.149
201611 1,024.470 98.600 1,110.708
201702 1,041.010 98.100 1,134.393
201705 1,076.600 98.600 1,167.227
201708 1,109.369 98.500 1,203.975
201711 1,191.773 99.100 1,285.576
201802 1,186.232 99.500 1,274.454
201805 1,217.814 99.300 1,311.020
201808 1,230.871 99.800 1,318.438
201811 1,279.420 100.000 1,367.700
201902 1,287.085 99.700 1,380.034
201905 1,299.763 100.000 1,389.447
201908 1,258.985 100.000 1,345.855
201911 1,328.198 100.500 1,412.780
202002 1,310.285 100.300 1,396.505
202005 1,298.760 100.100 1,386.987
202008 1,301.958 100.100 1,390.403
202011 1,327.352 99.500 1,426.070
202102 1,355.438 99.800 1,451.867
202105 1,420.969 99.400 1,528.185
202108 1,427.197 99.700 1,530.264
202111 1,472.433 100.100 1,572.458
202202 1,496.411 100.700 1,588.544
202205 1,611.223 101.800 1,691.942
202208 1,662.209 102.700 1,730.186
202211 1,721.122 103.900 1,770.818
202302 1,710.408 104.000 1,758.102
202305 1,780.859 105.100 1,811.359
202308 1,838.265 105.900 1,855.623
202311 1,892.319 106.900 1,892.319
202402 1,913.170 106.900 1,913.170

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.


OSG  (TSE:6136) 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.


OSG Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of OSG's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


OSG (TSE:6136) Business Description

Industry
Traded in Other Exchanges
Address
3-22 Honnogahara, Toyokawa-City, Tokyo, JPN, 4428543
OSG Corp manufactures and sells consumable tools. The company's products include taps, drills, end mills, indexables, dies, gauges, and other tooling systems used in machine tools. Its products are used in the automotive, die and mold, aerospace, energy, and heavy industries. Its largest end markets are Japan and the rest of Asia.

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