Oshkosh (LTS:0KDI) Cyclically Adjusted PS Ratio: 1.06 (As of Jul. 23, 2026) — 29% Above 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.

LTS:0KDI Oshkosh Corp LTS:0KDI
90 GF Score
Price $149.92
GF Value $122.41
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Oshkosh Cyclically Adjusted PS Ratio?

Oshkosh LTS:0KDI +1.81% 90 Cyclically Adjusted PS Ratio is 1.06 as of Jul. 23, 2026, which is 29% above its 10-year median of 0.82. GuruFocus rates LTS:0KDI with a GF Score™ of 90/100 and a GF Value™ of $122.41 (Modestly Overvalued). The stock has 6 warning signs investors should review. Among 169 Farm & Heavy Construction Machinery companies, Oshkosh ranks better than 50.89% on this metric.

As of today (2026-07-23), Oshkosh's current share price is $149.92. Oshkosh's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $141.70. Oshkosh's Cyclically Adjusted PS Ratio for today is 1.06.

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

LTS:0KDI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.82   Max: 1.35
Current: 1.03

During the past years, Oshkosh's highest Cyclically Adjusted PS Ratio was 1.35. The lowest was 0.51. And the median was 0.82.

LTS:0KDI's Cyclically Adjusted PS Ratio is ranked better than
50.89% of 169 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.04 vs LTS:0KDI: 1.03

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Oshkosh's adjusted revenue per share data for the three months ended in Mar. 2026 was $36.616. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $141.70 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oshkosh  (LTS:0KDI) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Oshkosh Cyclically Adjusted PS Ratio Related Terms


Oshkosh Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Oshkosh's Cyclically Adjusted PS 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.

Oshkosh Cyclically Adjusted PS Ratio Chart

Oshkosh Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.98 0.77 0.89 0.72 0.89

Oshkosh Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 0.70 0.83 0.93 0.89 1.02

LTS:0KDI vs AGCO, TEX, FSS: Cyclically Adjusted PS Ratio Comparison

For the Farm & Heavy Construction Machinery subindustry, Oshkosh's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Oshkosh Cyclically Adjusted PS Ratio vs Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Oshkosh's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Oshkosh's Cyclically Adjusted PS Ratio falls into.


LTS:0KDI
90GF Score
Oshkosh Corp LTS:0KDI
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oshkosh Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Oshkosh's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=149.92/141.70
=1.06

* 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.

Oshkosh's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Oshkosh's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=36.616/330.2130*330.2130
=36.616

Current CPI (Mar. 2026) = 330.2130.

Oshkosh Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 23.530 241.018 32.238
201609 23.485 241.428 32.122
201612 16.070 241.432 21.979
201703 21.354 243.801 28.923
201706 26.839 244.955 36.180
201709 25.794 246.819 34.509
201712 20.866 246.524 27.950
201803 24.986 249.554 33.062
201806 29.142 251.989 38.188
201809 27.895 252.439 36.489
201812 25.012 251.233 32.875
201903 28.127 254.202 36.537
201906 33.997 256.143 43.828
201909 31.831 256.759 40.937
201912 24.587 256.974 31.594
202003 26.088 258.115 33.375
202006 23.050 257.797 29.525
202009 25.949 260.280 32.921
202012 22.911 260.474 29.045
202103 27.263 264.877 33.988
202106 31.730 271.696 38.564
202109 29.843 274.310 35.925
202112 26.373 278.802 31.236
202203 29.305 287.504 33.658
202206 31.299 296.311 34.880
202209 31.422 296.808 34.958
202212 33.462 296.797 37.229
202303 34.453 301.836 37.692
202306 36.750 305.109 39.774
202309 38.061 307.789 40.834
202312 37.366 306.746 40.225
202403 38.468 312.332 40.670
202406 43.207 314.175 45.413
202409 41.750 315.301 43.725
202412 39.581 315.605 41.413
202503 35.542 319.799 36.699
202506 42.178 322.561 43.179
202509 41.623 324.800 42.317
202512 42.155 324.054 42.956
202603 36.616 330.213 36.616

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.06 mean?
Oshkosh (LTS:0KDI) has a Cyclically Adjusted PS Ratio of 1.06 as of Jul. 23, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Oshkosh and its competitors. This is 29% above median its historical median of 0.82. Over the past decade, Oshkosh's Cyclically Adjusted PS Ratio has ranged from 0.51 to 1.35. According to the industry distribution chart, Oshkosh ranks #83 out of 169 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 49.1%.
Is Oshkosh's Cyclically Adjusted PS Ratio too high?
Oshkosh's current Cyclically Adjusted PS Ratio of 1.06 is 29% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.51 to a high of 1.35. The Farm & Heavy Construction Machinery industry median Cyclically Adjusted PS Ratio is 1.04. Oshkosh's value of 1.06 is 1.9% above this industry median. Based on the distribution chart, Oshkosh ranks #83 out of 169 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Oshkosh has a GF Score™ of 90/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Oshkosh's Cyclically Adjusted PS Ratio compare to AGCO and TEX?
According to the Farm & Heavy Construction Machinery industry distribution chart, Oshkosh ranks #83 out of 169 companies for Cyclically Adjusted PS Ratio. This puts Oshkosh in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.04. Oshkosh's value of 1.06 is 1.9% above this benchmark. Historically, Oshkosh's own Cyclically Adjusted PS Ratio has ranged from 0.51 to 1.35 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 1.04, Oshkosh 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 PS Ratio for a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.04, based on 169 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Oshkosh's current Cyclically Adjusted PS Ratio of 1.06 is 1.9% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Oshkosh and its competitors. For the Farm & Heavy Construction Machinery industry, the median Cyclically Adjusted PS Ratio is 1.04 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Oshkosh's current Cyclically Adjusted PS Ratio is 1.06, which is 29% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Oshkosh stock overvalued right now?
Based on GuruFocus' analysis, Oshkosh (LTS:0KDI) is currently considered Modestly Overvalued. The stock's GF Value™ is $122.41, compared to a current price of $149.92 — trading 22.5% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.06, which is 29% above median its 10-year median of 0.82 and 1.9% above the Farm & Heavy Construction Machinery industry median of 1.04. Oshkosh's overall GF Score™ is 90/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Oshkosh (LTS:0KDI), the current Cyclically Adjusted PS Ratio is 1.06 as of Jul. 23, 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 Oshkosh (LTS:0KDI) Overvalued in 2026?

Based on GuruFocus' analysis, Oshkosh stock appears to be overvalued. The current stock price of $149.92 is trading 22.5% above its estimated GF Value™ of $122.41. GuruFocus considers Oshkosh to be Modestly Overvalued.

Key valuation signals for LTS:0KDI:

  • Cyclically Adjusted PS Ratio: 1.06 (29% above median its 10-year median of 0.82)
  • GF Value™: $122.41 vs. price of $149.92 (22.5% above fair value)
  • GF Score™: 90/100 with 6 warning signs
  • Industry Position: 1.9% above the Farm & Heavy Construction Machinery median (#83 of 169)

No single metric tells the full story. See the LTS:0KDI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oshkosh Business Description

Other Exchanges OSK:USAOK3:Germany
Address 1917 Four Wheel Drive, Oshkosh, WI, USA, 54902
Oshkosh is a leading maker of access equipment, specialty vehicles, and military trucks. It serves diverse end markets, including postal, firefighting, refuse/recycling collection, aviation, and construction. It is typically the market share leader or No. 2 player in North America, or even the global leader in the case of its JLG aerial work platform business. The transport segment is a leading provider of light trucks to the military and vehicles to the Postal Service. The vocational segment, featuring brands such as Pierce, AeroTech, and Volterra, offers purpose-built vehicles and equipment to municipalities. The company reports three segments—Access equipment (45% of revenue), Vocational (35%), and Transport (20%) on 2025 revenue of $10.4 billion.
90GF Score

Get the complete analysis for LTS:0KDI

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

$149.92
Price
$122.41
GF Value