OSG (FRA:OSG) Cyclically Adjusted PB Ratio: 2.32 (As of Jul. 12, 2026) — 40% Above Median


FRA:OSG OSG Corp FRA:OSG
82 GF Score
Price €20.20
GF Value €12.01
Valuation Significantly Overvalued
! 4 Warning Signs
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What is OSG Cyclically Adjusted PB Ratio?

OSG FRA:OSG 82 Cyclically Adjusted PB Ratio is 2.32 as of Jul. 12, 2026, which is 40% above its 10-year median of 1.66. GuruFocus rates FRA:OSG with a GF Score™ of 82/100 and a GF Value™ of €12.01 (Significantly Overvalued). The stock has 4 warning signs investors should review. Among 2,296 Industrial Products companies, OSG ranks worse than 51.61% on this metric.

As of today (2026-07-12), OSG's current share price is €20.20. OSG's Cyclically Adjusted Book per Share for the quarter that ended in Nov. 2025 was €8.72. OSG's Cyclically Adjusted PB Ratio for today is 2.32.

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

FRA:OSG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.01   Med: 1.66   Max: 3.46
Current: 2.34

During the past years, OSG's highest Cyclically Adjusted PB Ratio was 3.46. The lowest was 1.01. And the median was 1.66.

FRA:OSG's Cyclically Adjusted PB Ratio is ranked worse than
51.61% of 2296 companies
in the Industrial Products industry
Industry Median: 2.215 vs FRA:OSG: 2.34

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 Nov. 2025 was €12.272. 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 €8.72 for the trailing ten years ended in Nov. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


OSG  (FRA:OSG) 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


OSG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

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.

OSG Cyclically Adjusted PB Ratio Chart

OSG Annual Data
Trend Nov16 Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24 Nov25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.51 1.58 1.36 1.18 1.42

OSG Quarterly Data
May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24 Aug24 Nov24 Feb25 May25 Aug25 Nov25 Feb26
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 1.13 1.07 1.28 1.42 0.00

FRA:OSG vs SNA, RBC, LECO: Cyclically Adjusted PB Ratio Comparison

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 Cyclically Adjusted PB Ratio vs 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.


FRA:OSG
82GF Score
OSG Corp FRA:OSG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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
=20.20/8.72
=2.32

* 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 Nov. 2025 is calculated as:

For example, OSG's adjusted Book Value per Share data for the three months ended in Nov. 2025 was:

Adj_Book=Book Value per Share/CPI of Nov. 2025 (Change)*Current CPI (Nov. 2025)
=12.272/113.2000*113.2000
=12.272

Current CPI (Nov. 2025) = 113.2000.

OSG Quarterly Data

Book Value per Share CPI Adj_Book
201602 7.771 97.800 8.995
201605 7.698 98.200 8.874
201608 8.038 97.900 9.294
201611 8.757 98.600 10.054
201702 8.657 98.100 9.990
201705 8.680 98.600 9.965
201708 8.556 98.500 9.833
201711 9.000 99.100 10.281
201802 8.899 99.500 10.124
201805 9.393 99.300 10.708
201808 9.603 99.800 10.892
201811 9.934 100.000 11.245
201902 10.267 99.700 11.657
201905 10.566 100.000 11.961
201908 10.659 100.000 12.066
201911 11.042 100.500 12.437
202002 10.920 100.300 12.324
202005 11.110 100.100 12.564
202008 10.378 100.100 11.736
202011 10.756 99.500 12.237
202102 10.637 99.800 12.065
202105 10.718 99.400 12.206
202108 11.043 99.700 12.538
202111 11.318 100.100 12.799
202202 11.436 100.700 12.856
202205 11.830 101.800 13.155
202208 12.127 102.700 13.367
202211 11.853 103.900 12.914
202302 12.007 104.000 13.069
202305 11.954 105.100 12.875
202308 11.643 105.900 12.446
202311 11.682 106.900 12.370
202402 11.854 106.900 12.553
202405 11.827 108.100 12.385
202408 11.795 109.100 12.238
202411 12.025 110.000 12.375
202502 12.269 110.800 12.535
202505 12.237 111.800 12.390
202508 11.940 112.100 12.057
202511 12.272 113.200 12.272

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 2.32 mean?
OSG (FRA:OSG) has a Cyclically Adjusted PB Ratio of 2.32 as of Jul. 12, 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 OSG and its competitors. This is 40% above median its historical median of 1.66. Over the past decade, OSG's Cyclically Adjusted PB Ratio has ranged from 1.01 to 3.46. According to the industry distribution chart, OSG ranks #1185 out of 2296 companies in the Industrial Products industry, placing it in the top 51.6%.
Is OSG's Cyclically Adjusted PB Ratio too high?
OSG's current Cyclically Adjusted PB Ratio of 2.32 is 40% above median its 10-year median of 1.66. Over the past 10 years, this metric has ranged from a low of 1.01 to a high of 3.46. The Industrial Products industry median Cyclically Adjusted PB Ratio is 2.22. OSG's value of 2.32 is 4.7% above this industry median. Based on the distribution chart, OSG ranks #1185 out of 2296 companies in the Industrial Products industry, which is below the industry midpoint. Overall, OSG has a GF Score™ of 82/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OSG's Cyclically Adjusted PB Ratio compare to SNA and RBC?
According to the Industrial Products industry distribution chart, OSG ranks #1185 out of 2296 companies for Cyclically Adjusted PB Ratio. This places OSG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.22. OSG's value of 2.32 is 4.7% above this benchmark. Historically, OSG's own Cyclically Adjusted PB Ratio has ranged from 1.01 to 3.46 over the past decade. While the company's 10-year median is 1.66 vs. the industry median of 2.22, OSG has consistently been above 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 Industrial Products company?
The median Cyclically Adjusted PB Ratio among Industrial Products companies is 2.22, based on 2,296 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. OSG's current Cyclically Adjusted PB Ratio of 2.32 is 4.7% above 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 OSG and its competitors. For the Industrial Products industry, the median Cyclically Adjusted PB Ratio is 2.22 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OSG's current Cyclically Adjusted PB Ratio is 2.32, which is 40% above median its own 10-year median of 1.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OSG stock overvalued right now?
Based on GuruFocus' analysis, OSG (FRA:OSG) is currently considered Significantly Overvalued. The stock's GF Value™ is €12.01, compared to a current price of €20.20 — trading 68.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 40% above median its 10-year median of 1.66 and 4.7% above the Industrial Products industry median of 2.22. OSG's overall GF Score™ is 82/100 with 4 warning signs 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 OSG (FRA:OSG), the current Cyclically Adjusted PB Ratio is 2.32 as of Jul. 12, 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.

Is OSG (FRA:OSG) Overvalued in 2026?

Based on GuruFocus' analysis, OSG stock appears to be overvalued. The current stock price of €20.20 is trading 68.2% above its estimated GF Value™ of €12.01. GuruFocus considers OSG to be Significantly Overvalued.

Key valuation signals for FRA:OSG:

  • Cyclically Adjusted PB Ratio: 2.32 (40% above median its 10-year median of 1.66)
  • GF Value™: €12.01 vs. price of €20.20 (68.2% above fair value)
  • GF Score™: 82/100 with 4 warning signs
  • Industry Position: 4.7% above the Industrial Products median (#1185 of 2296)

No single metric tells the full story. See the FRA:OSG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OSG Business Description

Other Exchanges 6136:Japan
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.
82GF Score

Get the complete analysis for FRA:OSG

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

€20.20
Price
€12.01
GF Value