OTTR (Otter Tail) Cyclically Adjusted PB Ratio: 3.04 (As of Jul. 26, 2026) — Near Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

OTTR Otter Tail Corp OTTR
83 GF Score
Price $92.33
GF Value $79.82
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Otter Tail Cyclically Adjusted PB Ratio?

Otter Tail OTTR +0.14% 83 Cyclically Adjusted PB Ratio is 3.04 as of Jul. 26, 2026, which is 7% above its 10-year median of 2.83. GuruFocus rates OTTR with a GF Score™ of 83/100 and a GF Value™ of $79.82 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 474 Conglomerates companies, Otter Tail ranks worse than 81.65% on this metric.

As of today (2026-07-26), Otter Tail's current share price is $92.33. Otter Tail's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $30.34. Otter Tail's Cyclically Adjusted PB Ratio for today is 3.04.

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

OTTR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.86   Med: 2.83   Max: 4.11
Current: 3.04

During the past years, Otter Tail's highest Cyclically Adjusted PB Ratio was 4.11. The lowest was 1.86. And the median was 2.83.

OTTR's Cyclically Adjusted PB Ratio is ranked worse than
81.65% of 474 companies
in the Conglomerates industry
Industry Median: 1.02 vs OTTR: 3.04

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.

Otter Tail's adjusted book value per share data for the three months ended in Mar. 2026 was $45.473. 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 $30.34 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Otter Tail  (NAS:OTTR) 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.


Otter Tail Cyclically Adjusted PB Ratio Related Terms


Otter Tail Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Otter Tail'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.

Otter Tail Cyclically Adjusted PB Ratio Chart

Otter Tail 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 3.63 2.69 3.56 2.80 2.77

Otter Tail 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 2.95 2.76 2.86 2.77 2.89

OTTR vs SEB, TTI, DLX: Cyclically Adjusted PB Ratio Comparison

For the Conglomerates subindustry, Otter Tail'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.


Otter Tail Cyclically Adjusted PB Ratio vs Conglomerates Industry

For the Conglomerates industry and Industrials sector, Otter Tail's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


OTTR
83GF Score
Otter Tail Corp OTTR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Otter Tail 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.

Otter Tail's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=92.33/30.34
=3.04

* 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.

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

For example, Otter Tail'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)
=45.473/330.2130*330.2130
=45.473

Current CPI (Mar. 2026) = 330.2130.

Otter Tail Quarterly Data

Book Value per Share CPI Adj_Book
201606 16.436 241.018 22.519
201609 16.742 241.428 22.899
201612 17.030 241.432 23.292
201703 17.206 243.801 23.304
201706 17.353 244.955 23.393
201709 17.507 246.819 23.422
201712 17.617 246.524 23.598
201803 17.868 249.554 23.643
201806 18.022 251.989 23.617
201809 18.286 252.439 23.920
201812 18.375 251.233 24.152
201903 18.638 254.202 24.211
201906 18.722 256.143 24.136
201909 19.029 256.759 24.473
201912 19.460 256.974 25.006
202003 19.814 258.115 25.349
202006 20.124 257.797 25.777
202009 20.756 260.280 26.333
202012 21.002 260.474 26.625
202103 21.389 264.877 26.665
202106 22.030 271.696 26.775
202109 22.929 274.310 27.602
202112 23.844 278.802 28.241
202203 25.168 287.504 28.907
202206 26.820 296.311 29.889
202209 28.441 296.808 31.642
202212 29.241 296.797 32.533
202303 30.317 301.836 33.167
202306 31.849 305.109 34.469
202309 33.635 307.789 36.085
202312 34.595 306.746 37.242
202403 35.838 312.332 37.890
202406 37.443 314.175 39.354
202409 39.049 315.301 40.896
202412 39.890 315.605 41.736
202503 41.013 319.799 42.349
202506 42.346 322.561 43.351
202509 43.704 324.800 44.432
202512 44.427 324.054 45.271
202603 45.473 330.213 45.473

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 3.04 mean?
Otter Tail (OTTR) has a Cyclically Adjusted PB Ratio of 3.04 as of Jul. 26, 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 Otter Tail and its competitors. This is near median its historical median of 2.83. Over the past decade, Otter Tail's Cyclically Adjusted PB Ratio has ranged from 1.86 to 4.11. According to the industry distribution chart, Otter Tail ranks #387 out of 474 companies in the Conglomerates industry, placing it in the top 81.6%.
Is Otter Tail's Cyclically Adjusted PB Ratio too high?
Otter Tail's current Cyclically Adjusted PB Ratio of 3.04 is near median its 10-year median of 2.83. Over the past 10 years, this metric has ranged from a low of 1.86 to a high of 4.11. The Conglomerates industry median Cyclically Adjusted PB Ratio is 1.02. Otter Tail's value of 3.04 is 198% above this industry median. Based on the distribution chart, Otter Tail ranks #387 out of 474 companies in the Conglomerates industry, which is in the bottom quartile relative to peers. Overall, Otter Tail has a GF Score™ of 83/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Otter Tail's Cyclically Adjusted PB Ratio compare to SEB and TTI?
According to the Conglomerates industry distribution chart, Otter Tail ranks #387 out of 474 companies for Cyclically Adjusted PB Ratio. This places Otter Tail in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.02. Otter Tail's value of 3.04 is 198% above this benchmark. Historically, Otter Tail's own Cyclically Adjusted PB Ratio has ranged from 1.86 to 4.11 over the past decade. While the company's 10-year median is 2.83 vs. the industry median of 1.02, Otter Tail 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 a Conglomerates company?
The median Cyclically Adjusted PB Ratio among Conglomerates companies is 1.02, based on 474 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. Otter Tail's current Cyclically Adjusted PB Ratio of 3.04 is 198% 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 Otter Tail and its competitors. For the Conglomerates industry, the median Cyclically Adjusted PB Ratio is 1.02 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Otter Tail's current Cyclically Adjusted PB Ratio is 3.04, which is near median its own 10-year median of 2.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Otter Tail stock overvalued right now?
Based on GuruFocus' analysis, Otter Tail (OTTR) is currently considered Modestly Overvalued. The stock's GF Value™ is $79.82, compared to a current price of $92.33 — trading 15.7% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 3.04, which is near median its 10-year median of 2.83 and 198% above the Conglomerates industry median of 1.02. Otter Tail's overall GF Score™ is 83/100 with 7 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 Otter Tail (OTTR), the current Cyclically Adjusted PB Ratio is 3.04 as of Jul. 26, 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 Otter Tail (OTTR) Overvalued in 2026?

Based on GuruFocus' analysis, Otter Tail stock appears to be overvalued. The current stock price of $92.33 is trading 15.7% above its estimated GF Value™ of $79.82. GuruFocus considers Otter Tail to be Modestly Overvalued.

Key valuation signals for OTTR:

  • Cyclically Adjusted PB Ratio: 3.04 (near median its 10-year median of 2.83)
  • GF Value™: $79.82 vs. price of $92.33 (15.7% above fair value)
  • GF Score™: 83/100 with 7 warning signs
  • Industry Position: 198% above the Conglomerates median (#387 of 474)

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


Otter Tail Business Description

Address 215 South Cascade Street, P.O. Box 496, Fergus Falls, MN, USA, 56538-0496
Otter Tail Corp is a U.S. energy company that operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota. The majority of the company's revenue is derived from the Electric segment and commercial customers, although it generates revenue from residential and industrial customers, as well.
83GF Score

Get the complete analysis for OTTR

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

$92.33
Price
$79.82
GF Value