OSIS (OSI Systems) Cyclically Adjusted PS Ratio: 2.66 (As of Aug. 19, 2026) — 48% 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.

OSIS OSI Systems Inc OSIS
91 GF Score
Price $220.95
GF Value $192.50
Valuation Modestly Overvalued
! 4 Warning Signs
View Full Analysis

What is OSI Systems Cyclically Adjusted PS Ratio?

OSI Systems OSIS +0.88% 91 Cyclically Adjusted PS Ratio is 2.66 as of Aug. 19, 2026, which is 48% above its 10-year median of 1.80. GuruFocus rates OSIS with a GF Score™ of 91/100 and a GF Value™ of $192.50 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,974 Hardware companies, OSI Systems ranks worse than 66.01% on this metric.

As of today (2026-08-19), OSI Systems's current share price is $220.95. OSI Systems's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $83.05. OSI Systems's Cyclically Adjusted PS Ratio for today is 2.66.

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

OSIS' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.09   Med: 1.8   Max: 3.73
Current: 2.64

During the past years, OSI Systems's highest Cyclically Adjusted PS Ratio was 3.73. The lowest was 1.09. And the median was 1.80.

OSIS's Cyclically Adjusted PS Ratio is ranked worse than
66.01% of 1974 companies
in the Hardware industry
Industry Median: 1.41 vs OSIS: 2.64

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.

OSI Systems's adjusted revenue per share data for the three months ended in Mar. 2026 was $26.213. 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 $83.05 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


OSI Systems  (NAS:OSIS) 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.


OSI Systems Cyclically Adjusted PS Ratio Related Terms


OSI Systems Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for OSI Systems'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.

OSI Systems Cyclically Adjusted PS Ratio Chart

OSI Systems Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.82 1.36 1.76 1.91 2.89

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 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 2.56 2.89 3.15 3.17 3.20

OSIS vs OLED, BELFB, KN: Cyclically Adjusted PS Ratio Comparison

For the Electronic Components subindustry, OSI Systems'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.


OSI Systems Cyclically Adjusted PS Ratio vs Hardware Industry

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

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


OSIS
91GF Score
OSI Systems Inc OSIS
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

OSI Systems 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=220.95/83.05
=2.66

* 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 Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, OSI Systems'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)
=26.213/330.2130*330.2130
=26.213

Current CPI (Mar. 2026) = 330.2130.

OSI Systems Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.345 241.018 15.544
201609 11.273 241.428 15.419
201612 12.342 241.432 16.880
201703 12.562 243.801 17.014
201706 12.619 244.955 17.011
201709 13.125 246.819 17.560
201712 14.629 246.524 19.595
201803 13.961 249.554 18.473
201806 15.919 251.989 20.861
201809 14.211 252.439 18.589
201812 16.280 251.233 21.398
201903 16.297 254.202 21.170
201906 16.473 256.143 21.237
201909 15.387 256.759 19.789
201912 16.344 256.974 21.002
202003 15.820 258.115 20.239
202006 15.117 257.797 19.363
202009 13.903 260.280 17.639
202012 15.169 260.474 19.230
202103 15.509 264.877 19.335
202106 17.748 271.696 21.571
202109 15.255 274.310 18.364
202112 15.281 278.802 18.099
202203 16.403 287.504 18.840
202206 19.389 296.311 21.607
202209 15.604 296.808 17.360
202212 17.283 296.797 19.229
202303 17.626 301.836 19.283
202306 23.798 305.109 25.756
202309 16.257 307.789 17.441
202312 21.572 306.746 23.222
202403 23.266 312.332 24.598
202406 27.460 314.175 28.862
202409 20.170 315.301 21.124
202412 24.637 315.605 25.777
202503 25.896 319.799 26.739
202506 28.947 322.561 29.634
202509 22.012 324.800 22.379
202512 26.565 324.054 27.070
202603 26.213 330.213 26.213

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 2.66 mean?
OSI Systems (OSIS) has a Cyclically Adjusted PS Ratio of 2.66 as of Aug. 19, 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 OSI Systems and its competitors. This is 48% above median its historical median of 1.80. Over the past decade, OSI Systems' Cyclically Adjusted PS Ratio has ranged from 1.09 to 3.73. According to the industry distribution chart, OSI Systems ranks #1303 out of 1974 companies in the Hardware industry, placing it in the top 66%.
Is OSI Systems' Cyclically Adjusted PS Ratio too high?
OSI Systems' current Cyclically Adjusted PS Ratio of 2.66 is 48% above median its 10-year median of 1.80. Over the past 10 years, this metric has ranged from a low of 1.09 to a high of 3.73. The Hardware industry median Cyclically Adjusted PS Ratio is 1.41. OSI Systems' value of 2.66 is 88.7% above this industry median. Based on the distribution chart, OSI Systems ranks #1303 out of 1974 companies in the Hardware industry, which is below the industry midpoint. Overall, OSI Systems has a GF Score™ of 91/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does OSI Systems' Cyclically Adjusted PS Ratio compare to OLED and BELFB?
According to the Hardware industry distribution chart, OSI Systems ranks #1303 out of 1974 companies for Cyclically Adjusted PS Ratio. This places OSI Systems in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.41. OSI Systems' value of 2.66 is 88.7% above this benchmark. Historically, OSI Systems' own Cyclically Adjusted PS Ratio has ranged from 1.09 to 3.73 over the past decade. While the company's 10-year median is 1.80 vs. the industry median of 1.41, 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 PS Ratio for a Hardware company?
The median Cyclically Adjusted PS Ratio among Hardware companies is 1.41, based on 1,974 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. OSI Systems's current Cyclically Adjusted PS Ratio of 2.66 is 88.7% 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 OSI Systems and its competitors. For the Hardware industry, the median Cyclically Adjusted PS Ratio is 1.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. OSI Systems's current Cyclically Adjusted PS Ratio is 2.66, which is 48% above median its own 10-year median of 1.80. 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 (OSIS) is currently considered Modestly Overvalued. The stock's GF Value™ is $192.50, compared to a current price of $220.95 — trading 14.8% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 2.66, which is 48% above median its 10-year median of 1.80 and 88.7% above the Hardware industry median of 1.41. OSI Systems' overall GF Score™ is 91/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For OSI Systems (OSIS), the current Cyclically Adjusted PS Ratio is 2.66 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 (OSIS) Overvalued in 2026?

Based on GuruFocus' analysis, OSI Systems stock appears to be overvalued. The current stock price of $220.95 is trading 14.8% above its estimated GF Value™ of $192.50. GuruFocus considers OSI Systems to be Modestly Overvalued.

Key valuation signals for OSIS:

  • Cyclically Adjusted PS Ratio: 2.66 (48% above median its 10-year median of 1.80)
  • GF Value™: $192.50 vs. price of $220.95 (14.8% above fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 88.7% above the Hardware median (#1303 of 1974)

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


OSI Systems Business Description

Other Exchanges OS2:Germany
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.
91GF Score

Get the complete analysis for OSIS

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

$220.95
Price
$192.50
GF Value