Oshkosh (STU:OK3) Cyclically Adjusted PS Ratio: 0.94 (As of Sep. 16, 2026) — 15% Above Median

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STU:OK3 Oshkosh Corp STU:OK3
91 GF Score
Price €123.60
GF Value €113.21
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Oshkosh Cyclically Adjusted PS Ratio?

Oshkosh STU:OK3 -0.32% 91 Cyclically Adjusted PS Ratio is 0.94 as of Sep. 16, 2026, which is 15% above its 10-year median of 0.82. GuruFocus rates STU:OK3 with a GF Score™ of 91/100 and a GF Value™ of €113.21 (Fairly Valued). The stock has 5 warning signs investors should review. Among 172 Farm & Heavy Construction Machinery companies, Oshkosh ranks better than 52.91% on this metric.

As of today (2026-09-16), Oshkosh's current share price is €123.60. Oshkosh's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €131.78. Oshkosh's Cyclically Adjusted PS Ratio for today is 0.94.

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

STU:OK3' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.51   Med: 0.82   Max: 1.35
Current: 0.99

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.

STU:OK3's Cyclically Adjusted PS Ratio is ranked better than
52.91% of 172 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 1.09 vs STU:OK3: 0.99

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 Jun. 2026 was €39.957. 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 €131.78 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Oshkosh  (STU:OK3) 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 1.01 0.00 0.00 0.00 0.00

Oshkosh Quarterly Data
Jun21 Sep21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.79 0.87 0.86 0.99 1.02

STU:OK3 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.


STU:OK3
91GF Score
Oshkosh Corp STU:OK3
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
=123.60/131.776
=0.94

* 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 Jun. 2026 is calculated as:

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

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=39.957/333.9520*333.9520
=39.957

Current CPI (Jun. 2026) = 333.9520.

Oshkosh Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 20.834 241.018 28.867
201609 21.044 241.428 29.109
201612 14.902 241.432 20.613
201703 20.036 243.801 27.445
201706 24.389 244.955 33.250
201709 21.979 246.819 29.738
201712 17.722 246.524 24.007
201803 20.330 249.554 27.206
201806 24.460 251.989 32.416
201809 23.979 252.439 31.722
201812 21.920 251.233 29.137
201903 24.772 254.202 32.544
201906 30.256 256.143 39.447
201909 28.622 256.759 37.227
201912 22.208 256.974 28.861
202003 23.680 258.115 30.637
202006 20.932 257.797 27.115
202009 22.215 260.280 28.503
202012 19.218 260.474 24.639
202103 22.634 264.877 28.537
202106 26.340 271.696 32.376
202109 25.315 274.310 30.819
202203 26.123 287.504 30.343
202206 29.369 296.311 33.100
202209 31.195 296.808 35.099
202212 32.824 296.797 36.933
202303 32.111 301.836 35.528
202306 33.767 305.109 36.959
202309 34.985 307.789 37.959
202312 34.754 306.746 37.836
202403 35.443 312.332 37.896
202406 40.133 314.175 42.659
202409 38.004 315.301 40.252
202412 37.467 315.605 39.645
202503 33.770 319.799 35.265
202506 37.212 322.561 38.526
202509 35.617 324.800 36.621
202512 36.212 324.054 37.318
202603 31.297 330.213 31.651
202606 39.957 333.952 39.957

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 0.94 mean?
Oshkosh (STU:OK3) has a Cyclically Adjusted PS Ratio of 0.94 as of Sep. 16, 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 15% 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 #81 out of 172 companies in the Farm & Heavy Construction Machinery industry, placing it in the top 47.1%.
Is Oshkosh's Cyclically Adjusted PS Ratio too high?
Oshkosh's current Cyclically Adjusted PS Ratio of 0.94 is 15% 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 1.09. Oshkosh's value of 0.94 is 13.8% below this industry median. Based on the distribution chart, Oshkosh ranks #81 out of 172 companies in the Farm & Heavy Construction Machinery industry, which is above the industry midpoint. Overall, Oshkosh has a GF Score™ of 91/100 and is considered Fairly Valued, 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 #81 out of 172 companies for Cyclically Adjusted PS Ratio. This puts Oshkosh in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.09. Oshkosh's value of 0.94 is 13.8% below 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 1.09, Oshkosh 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 PS Ratio for a Farm & Heavy Construction Machinery company?
The median Cyclically Adjusted PS Ratio among Farm & Heavy Construction Machinery companies is 1.09, based on 172 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 0.94 is 13.8% 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 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 1.09 — 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 0.94, which is 15% 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 (STU:OK3) is currently considered Fairly Valued. The stock's GF Value™ is €113.21, compared to a current price of €123.60 — trading 9.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.94, which is 15% above median its 10-year median of 0.82 and 13.8% below the Farm & Heavy Construction Machinery industry median of 1.09. Oshkosh's overall GF Score™ is 91/100 with 5 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 (STU:OK3), the current Cyclically Adjusted PS Ratio is 0.94 as of Sep. 16, 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 (STU:OK3) Overvalued in 2026?

Based on GuruFocus' analysis, Oshkosh stock appears to be overvalued. The current stock price of €123.60 is trading 9.2% above its estimated GF Value™ of €113.21. GuruFocus considers Oshkosh to be Fairly Valued.

Key valuation signals for STU:OK3:

  • Cyclically Adjusted PS Ratio: 0.94 (15% above median its 10-year median of 0.82)
  • GF Value™: €113.21 vs. price of €123.60 (9.2% above fair value)
  • GF Score™: 91/100 with 5 warning signs
  • Industry Position: 13.8% below the Farm & Heavy Construction Machinery median (#81 of 172)

No single metric tells the full story. See the STU:OK3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Oshkosh Business Description

Other Exchanges OSK:USA0KDI:UK
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.
91GF Score

Get the complete analysis for STU:OK3

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

€123.60
Price
€113.21
GF Value