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Oshkosh (LTS:0KDI) Cyclically Adjusted Book per Share : $29.46 (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 $58.434. 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 $29.46 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Oshkosh's average Cyclically Adjusted Book Growth Rate was 9.50% 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 (2024-05-26), Oshkosh's current stock price is $115.94. Oshkosh's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was $29.46. Oshkosh's Cyclically Adjusted PB Ratio of today is 3.94.

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 25.87 30.68 34.82 36.91 32.80

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 40.34 39.71 36.84 32.80 29.46

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)
=58.434/131.7762*131.7762
=58.434

Current CPI (Mar. 2024) = 131.7762.

Oshkosh Quarterly Data

Book Value per Share CPI Adj_Book
201406 26.128 100.560 34.239
201409 24.861 100.428 32.621
201412 24.339 99.070 32.374
201503 24.272 99.621 32.106
201506 25.507 100.684 33.384
201509 25.328 100.392 33.246
201512 24.712 99.792 32.632
201603 25.624 100.470 33.608
201606 26.477 101.688 34.311
201609 26.736 101.861 34.588
201612 26.557 101.863 34.356
201703 27.185 102.862 34.827
201706 29.124 103.349 37.135
201709 30.760 104.136 38.925
201712 30.733 104.011 38.937
201803 31.787 105.290 39.783
201806 32.972 106.317 40.868
201809 34.731 106.507 42.971
201812 34.433 105.998 42.807
201903 35.762 107.251 43.940
201906 37.752 108.070 46.033
201909 38.240 108.329 46.517
201912 39.279 108.420 47.741
202003 39.503 108.902 47.801
202006 40.656 108.767 49.256
202009 41.829 109.815 50.194
202012 42.909 109.897 51.452
202103 43.987 111.754 51.868
202106 46.944 114.631 53.965
202109 49.369 115.734 56.212
202112 46.046 117.630 51.584
202203 44.901 121.301 48.779
202206 44.015 125.017 46.395
202209 44.223 125.227 46.536
202212 48.657 125.222 51.204
202303 49.667 127.348 51.394
202306 52.020 128.729 53.252
202309 54.194 129.860 54.994
202312 56.592 129.419 57.623
202403 58.434 131.776 58.434

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


Oshkosh  (LTS:0KDI) 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
=115.94/29.46
=3.94

* 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 (LTS:0KDI) 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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