Exasol AG (CHIX:EXLD) Cyclically Adjusted PB Ratio: 6.14 (As of Jul. 11, 2026) — 17% Above Median


CHIX:EXLD Exasol AG CHIX:EXLD
14 GF Score
Price €3.87
GF Value €10.11
! 2 Warning Signs
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What is Exasol AG Cyclically Adjusted PB Ratio?

Exasol AG CHIX:EXLD 14 Cyclically Adjusted PB Ratio is 6.14 as of Jul. 11, 2026, which is 17% above its 10-year median of 5.23. GuruFocus rates CHIX:EXLD with a GF Score™ of 14/100 and a GF Value™ of €10.11. The stock has 2 warning signs investors should review. Among 1,595 Software companies, Exasol AG ranks worse than 74.29% on this metric.

As of today (2026-07-11), Exasol AG's current share price is €3.87. Exasol AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 was €0.63. Exasol AG's Cyclically Adjusted PB Ratio for today is 6.14.

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

CHIX:EXLd' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 4.28   Med: 5.23   Max: 6.2
Current: 4.77

During the past 10 years, Exasol AG's highest Cyclically Adjusted PB Ratio was 6.20. The lowest was 4.28. And the median was 5.23.

CHIX:EXLd's Cyclically Adjusted PB Ratio is ranked worse than
74.29% of 1595 companies
in the Software industry
Industry Median: 2.33 vs CHIX:EXLd: 4.77

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.

Exasol AG's adjusted book value per share data of for the fiscal year that ended in Dec25 was €0.290. 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 €0.63 for the trailing ten years ended in Dec25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Exasol AG  (CHIX:EXLd) 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.


Exasol AG Cyclically Adjusted PB Ratio Related Terms


Exasol AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Exasol AG'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.

Exasol AG Cyclically Adjusted PB Ratio Chart

Exasol AG 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 0.00 0.00 0.00 0.00 6.13

Exasol AG Semi-Annual Data
Dec16 Dec17 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
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 0.00 0.00 0.00 0.00 6.13

CHIX:EXLD vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Exasol AG'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.


Exasol AG Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Exasol AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


CHIX:EXLD
14GF Score
Exasol AG CHIX:EXLD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Exasol AG 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.

Exasol AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.87/0.63
=6.14

* 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.

Exasol AG's Cyclically Adjusted Book per Share for the fiscal year that ended in Dec25 is calculated as:

For example, Exasol AG's adjusted Book Value per Share data for the fiscal year that ended in Dec25 was:

Adj_Book=Book Value per Share/CPI of Dec25 (Change)*Current CPI (Dec25)
=0.29/129.3606*129.3606
=0.290

Current CPI (Dec25) = 129.3606.

Exasol AG Annual Data

Book Value per Share CPI Adj_Book
201612 0.292 101.217 0.373
201712 -0.273 102.617 -0.344
201812 -0.302 104.217 -0.375
201912 0.382 105.818 0.467
202012 2.024 105.518 2.481
202112 0.798 110.384 0.935
202212 0.227 119.345 0.246
202312 0.166 123.773 0.173
202412 0.172 127.041 0.175
202512 0.290 129.361 0.290

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 6.14 mean?
Exasol AG (CHIX:EXLD) has a Cyclically Adjusted PB Ratio of 6.14 as of Jul. 11, 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 Exasol AG and its competitors. This is 17% above median its historical median of 5.23. Over the past decade, Exasol AG's Cyclically Adjusted PB Ratio has ranged from 4.28 to 6.20. According to the industry distribution chart, Exasol AG ranks #1185 out of 1595 companies in the Software industry, placing it in the top 74.3%.
Is Exasol AG's Cyclically Adjusted PB Ratio too high?
Exasol AG's current Cyclically Adjusted PB Ratio of 6.14 is 17% above median its 10-year median of 5.23. Over the past 10 years, this metric has ranged from a low of 4.28 to a high of 6.20. The Software industry median Cyclically Adjusted PB Ratio is 2.33. Exasol AG's value of 6.14 is 163.5% above this industry median. Based on the distribution chart, Exasol AG ranks #1185 out of 1595 companies in the Software industry, which is below the industry midpoint. Overall, Exasol AG has a GF Score™ of 14/100, reflecting its overall financial health beyond just this single metric.
How does Exasol AG's Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Exasol AG ranks #1185 out of 1595 companies for Cyclically Adjusted PB Ratio. This places Exasol AG in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.33. Exasol AG's value of 6.14 is 163.5% above this benchmark. Historically, Exasol AG's own Cyclically Adjusted PB Ratio has ranged from 4.28 to 6.20 over the past decade. While the company's 10-year median is 5.23 vs. the industry median of 2.33, Exasol AG 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.33, based on 1,595 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. Exasol AG's current Cyclically Adjusted PB Ratio of 6.14 is 163.5% 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 Exasol AG and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.33 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exasol AG's current Cyclically Adjusted PB Ratio is 6.14, which is 17% above median its own 10-year median of 5.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exasol AG stock overvalued right now?
Exasol AG (CHIX:EXLD) has a current Cyclically Adjusted PB Ratio of 6.14. The stock's GF Value™ is €10.11, compared to a current price of €3.87 — trading 61.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.14, which is 17% above median its 10-year median of 5.23 and 163.5% above the Software industry median of 2.33. Exasol AG's overall GF Score™ is 14/100 with 2 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 Exasol AG (CHIX:EXLD), the current Cyclically Adjusted PB Ratio is 6.14 as of Jul. 11, 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 Exasol AG (CHIX:EXLD) Overvalued in 2026?

Based on GuruFocus' analysis, Exasol AG stock appears to be undervalued. The current stock price of €3.87 is trading 61.7% below its estimated GF Value™ of €10.11.

Key valuation signals for CHIX:EXLD:

  • Cyclically Adjusted PB Ratio: 6.14 (17% above median its 10-year median of 5.23)
  • GF Value™: €10.11 vs. price of €3.87 (61.7% below fair value)
  • GF Score™: 14/100 with 2 warning signs
  • Industry Position: 163.5% above the Software median (#1185 of 1595)

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


Exasol AG Business Description

Other Exchanges EXL:Germany
Address Neumeyerstr, 22 - 26, Nuremberg, BY, DEU, 90411
Exasol AG is a technology company providing a next-generation in-memory analytical database that enables customers to access and analyse data at high speed and scale. The company's technology is used to simplify complex analytics with in-memory computing, massively parallel processing (MPP), self-tuning functionality, and AI capabilities.
14GF Score

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

€3.87
Price
€10.11
GF Value