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Oshkosh (Oshkosh) Cyclically Adjusted PB Ratio : (As of Apr. 27, 2024)


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What is Oshkosh Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Oshkosh Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Oshkosh'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.

Oshkosh Cyclically Adjusted PB Ratio Chart

Oshkosh Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.91 2.52 3.07 2.28 2.56

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 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 2.08 2.12 2.28 2.56 -

Competitive Comparison of Oshkosh's Cyclically Adjusted PB Ratio

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 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.

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

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)
=57.857/129.4194*129.4194
=57.857

Current CPI (Mar. 2024) = 129.4194.

Oshkosh Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.128 100.560 33.627
201409 24.861 100.428 32.038
201412 24.339 99.070 31.795
201503 24.272 99.621 31.532
201506 25.507 100.684 32.787
201509 25.328 100.392 32.652
201512 24.712 99.792 32.049
201603 25.624 100.470 33.007
201606 26.477 101.688 33.698
201609 26.736 101.861 33.969
201612 26.557 101.863 33.741
201703 27.185 102.862 34.204
201706 29.124 103.349 36.471
201709 30.760 104.136 38.228
201712 30.733 104.011 38.241
201803 31.787 105.290 39.072
201806 32.972 106.317 40.137
201809 34.731 106.507 42.203
201812 34.433 105.998 42.041
201903 35.762 107.251 43.154
201906 37.752 108.070 45.210
201909 38.240 108.329 45.685
201912 39.279 108.420 46.887
202003 39.503 108.902 46.946
202006 40.656 108.767 48.376
202009 41.829 109.815 49.296
202012 42.909 109.897 50.532
202103 43.987 111.754 50.940
202106 46.944 114.631 53.000
202109 49.369 115.734 55.207
202112 46.046 117.630 50.661
202203 44.901 121.301 47.906
202206 44.015 125.017 45.565
202209 44.223 125.227 45.704
202212 48.657 125.222 50.288
202303 49.667 127.348 50.475
202306 52.020 128.729 52.299
202309 54.194 129.860 54.010
202312 56.592 129.419 56.592
202403 57.857 129.419 57.857

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.


Oshkosh  (NYSE:OSK) 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.


Oshkosh Cyclically Adjusted PB Ratio Related Terms

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


Oshkosh (Oshkosh) 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.
Executives
Bryan K Brandt officer: SVP & Chief Marketing Officer 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
James W. Johnson officer: Exec. VP & Pres., Fire & Emerg C/O OSHKOSH CORPORATION, 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
John S Verich officer: SVP and Treasurer 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Michael E Pack officer: Exec. VP and CFO 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Frank R. Nerenhausen officer: EVP & Pres. Commercial Segment C/O OSHKOSH CORPORATION, 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jason P Baab officer: SVP, Corp. Develop. & Strategy 8111 LYNDALE AVENUE SOUTH, BLOOMINGTON MN 55420
Timothy S Bleck officer: SVP & Pres. Defense Segment 1917 FOUR WHEEL DR, OSHKOSH WI 54902
David G Perkins director 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Thomas P Hawkins officer: SVP, Government Relations 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Jayanthi Iyengar officer: EVP, Chief Tech & Strategic C/O ARRAY TECHNOLOGIES, INC., 3901 MIDWAY PLACE NE, ALBUQUERQUE NM 87109
John J Bryant officer: SVP and Pres, Defense Segment 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Douglas Lee Davis director 1150 N. ALMA SCHOOL ROAD, MESA AZ 85201
James C Freeders officer: Senior VP and Controller 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902
Bradley M. Nelson officer: SVP & Pres. Commercial Segment C/O OSHKOSH CORPORATION, 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54903-2566
Anupam Khare officer: SVP/Chief Information Officer 1917 FOUR WHEEL DRIVE, OSHKOSH WI 54902