OSG (Octave Specialty Group) Cyclically Adjusted PB Ratio: 0.18 (As of Jul. 15, 2026) — 70% Below Median

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OSG Octave Specialty Group Inc OSG
63 GF Score
Price $6.12
GF Value $7.50
Valuation Modestly Undervalued
View Full Analysis

What is Octave Specialty Group Cyclically Adjusted PB Ratio?

Octave Specialty Group OSG -0.16% 63 Cyclically Adjusted PB Ratio is 0.18 as of Jul. 15, 2026, which is 70% below its 10-year median of 0.60. GuruFocus rates OSG with a GF Scoreâ„¢ of 63/100 and a GF Valueâ„¢ of $7.50 (Modestly Undervalued). Among 414 Insurance companies, Octave Specialty Group ranks better than 97.83% on this metric.

As of today (2026-07-15), Octave Specialty Group's current share price is $6.12. Octave Specialty Group's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $34.39. Octave Specialty Group's Cyclically Adjusted PB Ratio for today is 0.18.

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

OSG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.6   Max: 2.16
Current: 0.18

During the past years, Octave Specialty Group's highest Cyclically Adjusted PB Ratio was 2.16. The lowest was 0.11. And the median was 0.60.

OSG's Cyclically Adjusted PB Ratio is ranked better than
97.83% of 414 companies
in the Insurance industry
Industry Median: 1.4 vs OSG: 0.18

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.

Octave Specialty Group's adjusted book value per share data for the three months ended in Mar. 2026 was $15.831. 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 $34.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Octave Specialty Group  (NYSE: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.


Octave Specialty Group Cyclically Adjusted PB Ratio Related Terms


Octave Specialty Group Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Octave Specialty 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.

Octave Specialty Group Cyclically Adjusted PB Ratio Chart

Octave Specialty Group 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 0.59 0.53 0.46 0.34 0.22

Octave Specialty Group 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 0.24 0.20 0.23 0.22 0.14

OSG vs MBI, JRVR, FACO: Cyclically Adjusted PB Ratio Comparison

For the Insurance - Specialty subindustry, Octave Specialty 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.


Octave Specialty Group Cyclically Adjusted PB Ratio vs Insurance Industry

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

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


OSG
63GF Score
Octave Specialty Group Inc OSG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Octave Specialty 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=6.12/34.39
=0.18

* 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.

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

For example, Octave Specialty Group'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)
=15.831/330.2130*330.2130
=15.831

Current CPI (Mar. 2026) = 330.2130.

Octave Specialty Group Quarterly Data

Book Value per Share CPI Adj_Book
201606 39.804 241.018 54.535
201609 42.321 241.428 57.885
201612 37.923 241.432 51.868
201703 35.924 243.801 48.657
201706 36.996 244.955 49.873
201709 33.326 246.819 44.586
201712 30.505 246.524 40.861
201803 40.701 249.554 53.856
201806 39.703 251.989 52.028
201809 38.773 252.439 50.719
201812 35.116 251.233 46.155
201903 35.631 254.202 46.285
201906 32.777 256.143 42.255
201909 34.438 256.759 44.290
201912 32.422 256.974 41.662
202003 21.888 258.115 28.002
202006 23.337 257.797 29.892
202009 22.594 260.280 28.665
202012 23.576 260.474 29.888
202103 23.010 264.877 28.686
202106 23.010 271.696 27.966
202109 22.920 274.310 27.591
202112 22.417 278.802 26.551
202203 19.637 287.504 22.554
202206 17.445 296.311 19.441
202209 22.440 296.808 24.966
202212 27.838 296.797 30.972
202303 27.669 301.836 30.270
202306 27.591 305.109 29.861
202309 27.995 307.789 30.035
202312 30.128 306.746 32.433
202403 30.182 312.332 31.910
202406 30.249 314.175 31.793
202409 30.879 315.301 32.339
202412 17.167 315.605 17.962
202503 18.356 319.799 18.954
202506 18.531 322.561 18.971
202509 18.059 324.800 18.360
202512 15.905 324.054 16.207
202603 15.831 330.213 15.831

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 0.18 mean?
Octave Specialty Group (OSG) has a Cyclically Adjusted PB Ratio of 0.18 as of Jul. 15, 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 Octave Specialty Group and its competitors. This is 70% below median its historical median of 0.60. Over the past decade, Octave Specialty Group's Cyclically Adjusted PB Ratio has ranged from 0.11 to 2.16. According to the industry distribution chart, Octave Specialty Group ranks #9 out of 414 companies in the Insurance industry, placing it in the top 2.2%.
Is Octave Specialty Group's Cyclically Adjusted PB Ratio too high?
Octave Specialty Group's current Cyclically Adjusted PB Ratio of 0.18 is 70% below median its 10-year median of 0.60. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 2.16. The Insurance industry median Cyclically Adjusted PB Ratio is 1.40. Octave Specialty Group's value of 0.18 is 87.1% below this industry median. Based on the distribution chart, Octave Specialty Group ranks #9 out of 414 companies in the Insurance industry, which is in the top quartile — a strong position relative to peers. Overall, Octave Specialty Group has a GF Score™ of 63/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Octave Specialty Group's Cyclically Adjusted PB Ratio compare to MBI and JRVR?
According to the Insurance industry distribution chart, Octave Specialty Group ranks #9 out of 414 companies for Cyclically Adjusted PB Ratio. This places Octave Specialty Group in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.40. Octave Specialty Group's value of 0.18 is 87.1% below this benchmark. Historically, Octave Specialty Group's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 2.16 over the past decade. While the company's 10-year median is 0.60 vs. the industry median of 1.40, Octave Specialty Group 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 Insurance company?
The median Cyclically Adjusted PB Ratio among Insurance companies is 1.40, based on 414 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. Octave Specialty Group's current Cyclically Adjusted PB Ratio of 0.18 is 87.1% 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 Octave Specialty Group and its competitors. For the Insurance industry, the median Cyclically Adjusted PB Ratio is 1.40 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Octave Specialty Group's current Cyclically Adjusted PB Ratio is 0.18, which is 70% 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 Octave Specialty Group stock overvalued right now?
Based on GuruFocus' analysis, Octave Specialty Group (OSG) is currently considered Modestly Undervalued. The stock's GF Value™ is $7.50, compared to a current price of $6.12 — trading 18.4% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.18, which is 70% below median its 10-year median of 0.60 and 87.1% below the Insurance industry median of 1.40. Octave Specialty Group's overall GF Score™ is 63/100. 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 Octave Specialty Group (OSG), the current Cyclically Adjusted PB Ratio is 0.18 as of Jul. 15, 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 Octave Specialty Group (OSG) Overvalued in 2026?

Based on GuruFocus' analysis, Octave Specialty Group stock appears to be undervalued. The current stock price of $6.12 is trading 18.4% below its estimated GF Value™ of $7.50. GuruFocus considers Octave Specialty Group to be Modestly Undervalued.

Key valuation signals for OSG:

  • Cyclically Adjusted PB Ratio: 0.18 (70% below median its 10-year median of 0.60)
  • GF Value™: $7.50 vs. price of $6.12 (18.4% below fair value)
  • GF Score™: 63/100
  • Industry Position: 87.1% below the Insurance median (#9 of 414)

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


Octave Specialty Group Business Description

Other Exchanges FGPN:Germany
Address 40 Wall Street, New York, NY, USA, 10005
Octave Specialty Group Inc is a world-wide specialty insurance firm that provides strategic direction, risk oversight, data and technology solutions, and capital support to MGA businesses operating across the U.S., U.K., and Bermuda. The company operates in two segments: Specialty Property and Casualty Insurance and ID.
63GF Score

Get the complete analysis for OSG

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

$6.12
Price
$7.50
GF Value