OFS Capital (FRA:9UD) Cyclically Adjusted PB Ratio: 0.25 (As of Jul. 30, 2026) — 58% Below Median

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FRA:9UD OFS Capital Corp FRA:9UD
27 GF Score
Price €2.87
! 1 Warning Sign
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What is OFS Capital Cyclically Adjusted PB Ratio?

OFS Capital FRA:9UD -0.87% 27 Cyclically Adjusted PB Ratio is 0.25 as of Jul. 30, 2026, which is 58% below its 10-year median of 0.60. GuruFocus rates FRA:9UD with a GF Score™ of 27/100. The stock has 1 warning sign investors should review. Among 1,001 Asset Management companies, OFS Capital ranks better than 91.51% on this metric.

As of today (2026-07-30), OFS Capital's current share price is €2.865. OFS Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €11.61. OFS Capital's Cyclically Adjusted PB Ratio for today is 0.25.

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

FRA:9UD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.6   Max: 0.85
Current: 0.22

During the past years, OFS Capital's highest Cyclically Adjusted PB Ratio was 0.85. The lowest was 0.18. And the median was 0.60.

FRA:9UD's Cyclically Adjusted PB Ratio is ranked better than
91.51% of 1001 companies
in the Asset Management industry
Industry Median: 0.84 vs FRA:9UD: 0.22

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.

OFS Capital's adjusted book value per share data for the three months ended in Mar. 2026 was €7.058. 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 €11.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


OFS Capital  (FRA:9UD) 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.


OFS Capital Cyclically Adjusted PB Ratio Related Terms


OFS Capital Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for OFS Capital'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.

OFS Capital Cyclically Adjusted PB Ratio Chart

OFS Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.71 0.62 0.72 0.51 0.31

OFS Capital Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 0.58 0.53 0.49 0.31 0.23

FRA:9UD vs TGE, GRF, BENF: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, OFS Capital'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.


OFS Capital Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, OFS Capital's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:9UD
27GF Score
OFS Capital Corp FRA:9UD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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OFS Capital 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.

OFS Capital's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=2.865/11.61
=0.25

* 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.

OFS Capital's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, OFS Capital's adjusted Book Value per Share data for the three months ended in Mar. 2026 was:

Adj_Book=Book Value per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=7.058/330.2130*330.2130
=7.058

Current CPI (Mar. 2026) = 330.2130.

OFS Capital Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.136 241.018 17.997
201609 13.067 241.428 17.872
201612 14.052 241.432 19.219
201703 14.010 243.801 18.976
201706 12.817 244.955 17.278
201709 11.870 246.819 15.881
201712 11.930 246.524 15.980
201803 11.085 249.554 14.668
201806 11.729 251.989 15.370
201809 11.783 252.439 15.413
201812 11.518 251.233 15.139
201903 11.542 254.202 14.993
201906 11.464 256.143 14.779
201909 11.572 256.759 14.883
201912 11.211 256.974 14.406
202003 8.783 258.115 11.236
202006 8.973 257.797 11.494
202009 9.494 260.280 12.045
202012 9.744 260.474 12.353
202103 10.050 264.877 12.529
202106 11.136 271.696 13.534
202109 12.034 274.310 14.486
202112 13.434 278.802 15.911
202203 14.094 287.504 16.188
202206 13.786 296.311 15.363
202209 13.716 296.808 15.260
202212 12.712 296.797 14.143
202303 12.535 301.836 13.713
202306 11.947 305.109 12.930
202309 11.936 307.789 12.806
202312 11.088 306.746 11.936
202403 10.190 312.332 10.773
202406 10.690 314.175 11.236
202409 10.175 315.301 10.656
202412 12.276 315.605 12.844
202503 11.073 319.799 11.434
202506 9.461 322.561 9.685
202509 8.668 324.800 8.812
202512 7.852 324.054 8.001
202603 7.058 330.213 7.058

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.

What does a Cyclically Adjusted PB Ratio of 0.25 mean?
OFS Capital (FRA:9UD) has a Cyclically Adjusted PB Ratio of 0.25 as of Jul. 30, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on OFS Capital and its competitors. This is 58% below median its historical median of 0.60. Over the past decade, OFS Capital's Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.85. According to the industry distribution chart, OFS Capital ranks #85 out of 1001 companies in the Asset Management industry, placing it in the top 8.5%.
Is OFS Capital's Cyclically Adjusted PB Ratio too high?
OFS Capital's current Cyclically Adjusted PB Ratio of 0.25 is 58% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.85. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. OFS Capital's value of 0.25 is 70.2% below this industry median. Based on the distribution chart, OFS Capital ranks #85 out of 1001 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, OFS Capital has a GF Score™ of 27/100, reflecting its overall financial health beyond just this single metric.
How does OFS Capital's Cyclically Adjusted PB Ratio compare to TGE and GRF?
According to the Asset Management industry distribution chart, OFS Capital ranks #85 out of 1001 companies for Cyclically Adjusted PB Ratio. This places OFS Capital in the top 9% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.84. OFS Capital's value of 0.25 is 70.2% below this benchmark. Historically, OFS Capital's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.85 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 0.84, OFS Capital has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 1,001 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. OFS Capital's current Cyclically Adjusted PB Ratio of 0.25 is 70.2% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on OFS Capital and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OFS Capital's current Cyclically Adjusted PB Ratio is 0.25, which is 58% below median its own 10-year median of 0.60. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OFS Capital stock overvalued right now?
OFS Capital (FRA:9UD) has a current Cyclically Adjusted PB Ratio of 0.25. The current Cyclically Adjusted PB Ratio is 0.25, which is 58% below median its 10-year median of 0.60 and 70.2% below the Asset Management industry median of 0.84. OFS Capital's overall GF Score™ is 27/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For OFS Capital (FRA:9UD), the current Cyclically Adjusted PB Ratio is 0.25 as of Jul. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

OFS Capital Business Description

Other Exchanges OFS:USA
Address 222 West Adams Street, Suite 1850, Chicago, IL, USA, 60606
OFS Capital Corp is an externally managed, closed-end, non-diversified management investment company. Its investment objective is to provide its stockholders with both current income and capital appreciation through debt investments and, to a lesser extent, equity investments.
27GF Score

Get the complete analysis for FRA:9UD

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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