OSI Systems (STU:OS2) Cyclically Adjusted PB Ratio: 5.06 (As of Aug. 19, 2026) — 54% Above Median

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STU:OS2 OSI Systems Inc STU:OS2
87 GF Score
Price €188.70
GF Value €165.84
Valuation Modestly Overvalued
! 4 Warning Signs
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What is OSI Systems Cyclically Adjusted PB Ratio?

OSI Systems STU:OS2 -4.50% 87 Cyclically Adjusted PB Ratio is 5.06 as of Aug. 19, 2026, which is 54% above its 10-year median of 3.29. GuruFocus rates STU:OS2 with a GF Score™ of 87/100 and a GF Value™ of €165.84 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,955 Hardware companies, OSI Systems ranks worse than 78.16% on this metric.

As of today (2026-08-19), OSI Systems's current share price is €188.70. OSI Systems's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €37.27. OSI Systems's Cyclically Adjusted PB Ratio for today is 5.06.

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

STU:OS2' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.99   Med: 3.29   Max: 7.14
Current: 5.05

During the past years, OSI Systems's highest Cyclically Adjusted PB Ratio was 7.14. The lowest was 1.99. And the median was 3.29.

STU:OS2's Cyclically Adjusted PB Ratio is ranked worse than
78.16% of 1955 companies
in the Hardware industry
Industry Median: 2.1 vs STU:OS2: 5.05

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.

OSI Systems's adjusted book value per share data for the three months ended in Mar. 2026 was €46.932. 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 €37.27 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


OSI Systems  (STU:OS2) 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.


OSI Systems Cyclically Adjusted PB Ratio Related Terms


OSI Systems Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for OSI Systems'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.

OSI Systems Cyclically Adjusted PB Ratio Chart

OSI Systems Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.32 2.48 3.23 3.54 5.44

OSI Systems 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 4.79 5.44 5.93 6.04 6.12

STU:OS2 vs OLED, BELFB, KN: Cyclically Adjusted PB Ratio Comparison

For the Electronic Components subindustry, OSI Systems'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.


OSI Systems Cyclically Adjusted PB Ratio vs Hardware Industry

For the Hardware industry and Technology sector, OSI Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


STU:OS2
87GF Score
OSI Systems Inc STU:OS2
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OSI Systems 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.

OSI Systems's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=188.70/37.27
=5.06

* 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.

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

For example, OSI Systems'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)
=46.932/330.2130*330.2130
=46.932

Current CPI (Mar. 2026) = 330.2130.

OSI Systems Quarterly Data

Book Value per Share CPI Adj_Book
201606 25.452 241.018 34.871
201609 25.757 241.428 35.229
201612 27.017 241.432 36.952
201703 27.751 243.801 37.587
201706 27.105 244.955 36.539
201709 25.286 246.819 33.830
201712 23.602 246.524 31.614
201803 21.656 249.554 28.655
201806 23.234 251.989 30.446
201809 23.005 252.439 30.093
201812 24.203 251.233 31.812
201903 25.708 254.202 33.395
201906 26.877 256.143 34.649
201909 27.068 256.759 34.812
201912 27.477 256.974 35.308
202003 27.750 258.115 35.501
202006 28.207 257.797 36.130
202009 26.425 260.280 33.525
202012 26.936 260.474 34.148
202103 28.774 264.877 35.872
202106 29.483 271.696 35.833
202109 29.531 274.310 35.549
202112 31.106 278.802 36.842
202203 32.950 287.504 37.845
202206 35.800 296.311 39.896
202209 37.398 296.808 41.607
202212 36.354 296.797 40.447
202303 37.239 301.836 40.740
202306 39.730 305.109 42.999
202309 39.959 307.789 42.870
202312 41.529 306.746 44.706
202403 43.893 312.332 46.406
202406 47.035 314.175 49.436
202409 42.405 315.301 44.411
202412 47.096 315.605 49.276
202503 48.447 319.799 50.025
202506 49.100 322.561 50.265
202509 47.471 324.800 48.262
202512 43.891 324.054 44.725
202603 46.932 330.213 46.932

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 5.06 mean?
OSI Systems (STU:OS2) has a Cyclically Adjusted PB Ratio of 5.06 as of Aug. 19, 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 OSI Systems and its competitors. This is 54% above median its historical median of 3.29. Over the past decade, OSI Systems' Cyclically Adjusted PB Ratio has ranged from 1.99 to 7.14. According to the industry distribution chart, OSI Systems ranks #1528 out of 1955 companies in the Hardware industry, placing it in the top 78.2%.
Is OSI Systems' Cyclically Adjusted PB Ratio too high?
OSI Systems' current Cyclically Adjusted PB Ratio of 5.06 is 54% above median its 10-year median of 3.29. Over the past 10 years, this metric has ranged from a low of 1.99 to a high of 7.14. The Hardware industry median Cyclically Adjusted PB Ratio is 2.10. OSI Systems' value of 5.06 is 141% above this industry median. Based on the distribution chart, OSI Systems ranks #1528 out of 1955 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, OSI Systems has a GF Score™ of 87/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OSI Systems' Cyclically Adjusted PB Ratio compare to OLED and BELFB?
According to the Hardware industry distribution chart, OSI Systems ranks #1528 out of 1955 companies for Cyclically Adjusted PB Ratio. This places OSI Systems in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.10. OSI Systems' value of 5.06 is 141% above this benchmark. Historically, OSI Systems' own Cyclically Adjusted PB Ratio has ranged from 1.99 to 7.14 over the past decade. While the company's 10-year median is 3.29 vs. the industry median of 2.10, OSI Systems 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.10, based on 1,955 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. OSI Systems's current Cyclically Adjusted PB Ratio of 5.06 is 141% 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 OSI Systems and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OSI Systems's current Cyclically Adjusted PB Ratio is 5.06, which is 54% above median its own 10-year median of 3.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is OSI Systems stock overvalued right now?
Based on GuruFocus' analysis, OSI Systems (STU:OS2) is currently considered Modestly Overvalued. The stock's GF Value™ is €165.84, compared to a current price of €188.70 — trading 13.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 5.06, which is 54% above median its 10-year median of 3.29 and 141% above the Hardware industry median of 2.10. OSI Systems' overall GF Score™ is 87/100 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 OSI Systems (STU:OS2), the current Cyclically Adjusted PB Ratio is 5.06 as of Aug. 19, 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 OSI Systems (STU:OS2) Overvalued in 2026?

Based on GuruFocus' analysis, OSI Systems stock appears to be overvalued. The current stock price of €188.70 is trading 13.8% above its estimated GF Value™ of €165.84. GuruFocus considers OSI Systems to be Modestly Overvalued.

Key valuation signals for STU:OS2:

  • Cyclically Adjusted PB Ratio: 5.06 (54% above median its 10-year median of 3.29)
  • GF Value™: €165.84 vs. price of €188.70 (13.8% above fair value)
  • GF Score™: 87/100 with 4 warning signs
  • Industry Position: 141% above the Hardware median (#1528 of 1955)

No single metric tells the full story. See the STU:OS2 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


OSI Systems Business Description

Other Exchanges OSIS:USA
Address 12525 Chadron Avenue, Hawthorne, CA, USA, 90250
OSI Systems Inc is a designer and manufacturer of electronic systems and components for businesses in the homeland security, healthcare, defense, and aerospace markets. The firm is organized in three business segments: Security, which derives maximum revenue, provides security and inspection systems; Healthcare, which provides patient monitoring, diagnostic, cardiology, ventilation systems, and defibrillators; and Optoelectronics and Manufacturing, which provides specialized electronic components and manufacturing services for the Security and Healthcare segments and external original equipment manufacturers. The majority of the firm's revenue is generated in the United States, and the rest from Mexico, Europe, the Middle East and Africa, and the Asia Pacific regions.
87GF Score

Get the complete analysis for STU:OS2

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

€188.70
Price
€165.84
GF Value