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OSB Group (LSE:OSB) Cyclically Adjusted PB Ratio : 1.27 (As of May. 15, 2024)


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What is OSB Group Cyclically Adjusted PB Ratio?

As of today (2024-05-15), OSB Group's current share price is £4.488. OSB Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 was £3.54. OSB Group's Cyclically Adjusted PB Ratio for today is 1.27.

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

LSE:OSB' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1   Med: 2.07   Max: 2.77
Current: 1.27

During the past 13 years, OSB Group's highest Cyclically Adjusted PB Ratio was 2.77. The lowest was 1.00. And the median was 2.07.

LSE:OSB's Cyclically Adjusted PB Ratio is ranked worse than
73.14% of 1184 companies
in the Banks industry
Industry Median: 0.935 vs LSE:OSB: 1.27

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.

OSB Group's adjusted book value per share data of for the fiscal year that ended in Dec23 was £5.454. 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 £3.54 for the trailing ten years ended in Dec23.

Shiller PE for Stocks: The True Measure of Stock Valuation


OSB Group Cyclically Adjusted PB Ratio Historical Data

The historical data trend for OSB Group'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.

OSB Group Cyclically Adjusted PB Ratio Chart

OSB Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - 2.16 2.40 1.62 1.31

OSB Group Semi-Annual Data
Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
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 2.40 - 1.62 - 1.31

Competitive Comparison of OSB Group's Cyclically Adjusted PB Ratio

For the Mortgage Finance subindustry, OSB Group'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.


OSB Group's Cyclically Adjusted PB Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, OSB Group's Cyclically Adjusted PB Ratio distribution charts can be found below:

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



OSB Group 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.

OSB Group's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.488/3.54
=1.27

* 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.

OSB Group's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec23 is calculated as:

For example, OSB Group's adjusted Book Value per Share data for the fiscal year that ended in Dec23 was:

Adj_Book=Book Value per Share/CPI of Dec23 (Change)*Current CPI (Dec23)
=5.454/130.0000*130.0000
=5.454

Current CPI (Dec23) = 130.0000.

OSB Group Annual Data

Book Value per Share CPI Adj_Book
201412 1.027 99.900 1.336
201512 1.314 100.400 1.701
201612 1.721 102.200 2.189
201712 2.377 105.000 2.943
201812 2.693 107.100 3.269
201912 3.181 108.500 3.811
202012 3.615 109.400 4.296
202112 4.512 114.700 5.114
202212 5.120 125.300 5.312
202312 5.454 130.000 5.454

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.


OSB Group  (LSE:OSB) 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.


OSB Group Cyclically Adjusted PB Ratio Related Terms

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


OSB Group (LSE:OSB) Business Description

Industry
Traded in Other Exchanges
Address
OSB House, Quayside, Maritime, Chatham, Kent, GBR, ME4 4QZ
OSB Group PLC is a specialist mortgage lender, focused on carefully selected segments of the mortgage market. The company provides loans to entities and individuals, secured on residential property held for investment purposes and secured on commercial and semi-commercial properties held for investment purposes or for owner-occupation. It provides development loans to small- and medium-sized developers of residential property. It also provides funding lines (loans) to non-bank finance companies secured against portfolios of financial assets, principally mortgages and leases, and loans under hire purchase, leasing and refinancing arrangements to UK SMEs and small corporates to finance business-critical assets.