XMax (FRA:15N) Cyclically Adjusted PB Ratio: 0.17 (As of Aug. 08, 2026) — 70% Above Median

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FRA:15N XMax Inc FRA:15N
34 GF Score
Price €0.53
GF Value €0.01
! 9 Warning Signs
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What is XMax Cyclically Adjusted PB Ratio?

XMax FRA:15N 34 Cyclically Adjusted PB Ratio is 0.17 as of Aug. 08, 2026, which is 70% above its 10-year median of 0.10. GuruFocus rates FRA:15N with a GF Score™ of 34/100 and a GF Value™ of €0.01. The stock has 9 warning signs investors should review. Among 334 Furnishings, Fixtures & Appliances companies, XMax ranks better than 92.22% on this metric.

As of today (2026-08-08), XMax's current share price is €0.53. XMax's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.06. XMax's Cyclically Adjusted PB Ratio for today is 0.17.

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

FRA:15N' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.1   Max: 0.44
Current: 0.22

During the past years, XMax's highest Cyclically Adjusted PB Ratio was 0.44. The lowest was 0.01. And the median was 0.10.

FRA:15N's Cyclically Adjusted PB Ratio is ranked better than
92.22% of 334 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.21 vs FRA:15N: 0.22

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.

XMax's adjusted book value per share data for the three months ended in Mar. 2026 was €0.652. 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 €3.06 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


XMax  (FRA:15N) 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.


XMax Cyclically Adjusted PB Ratio Related Terms


XMax Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for XMax'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.

XMax Cyclically Adjusted PB Ratio Chart

XMax 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 0.16 0.04 0.07 0.01 0.14

XMax 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 0.01 0.03 0.12 0.14 0.17

FRA:15N vs ETD, FLXS, HBB: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, XMax'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.


XMax Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, XMax's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:15N
34GF Score
XMax Inc FRA:15N
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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XMax 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.

XMax's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.53/3.06
=0.17

* 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.

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

For example, XMax'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)
=0.652/330.2130*330.2130
=0.652

Current CPI (Mar. 2026) = 330.2130.

XMax Quarterly Data

Book Value per Share CPI Adj_Book
201606 52.488 241.018 71.913
201609 52.636 241.428 71.993
201612 54.922 241.432 75.118
201703 53.118 243.801 71.945
201706 50.731 244.955 68.388
201709 50.366 246.819 67.383
201712 51.276 246.524 68.683
201803 50.633 249.554 66.998
201806 54.467 251.989 71.375
201809 54.135 252.439 70.813
201812 57.605 251.233 75.714
201903 57.810 254.202 75.096
201906 57.899 256.143 74.642
201909 59.769 256.759 76.868
201912 53.359 256.974 68.567
202003 52.694 258.115 67.413
202006 51.266 257.797 65.667
202009 41.662 260.280 52.856
202012 29.153 260.474 36.958
202103 29.935 264.877 37.319
202106 24.746 271.696 30.076
202109 21.937 274.310 26.408
202112 15.178 278.802 17.977
202203 14.996 287.504 17.224
202206 11.584 296.311 12.909
202209 10.493 296.808 11.674
202212 4.383 296.797 4.876
202303 3.501 301.836 3.830
202306 3.052 305.109 3.303
202309 2.377 307.789 2.550
202312 0.237 306.746 0.255
202403 -0.017 312.332 -0.018
202406 0.017 314.175 0.018
202409 -0.214 315.301 -0.224
202412 0.409 315.605 0.428
202503 0.457 319.799 0.472
202506 0.412 322.561 0.422
202509 0.338 324.800 0.344
202512 0.570 324.054 0.581
202603 0.652 330.213 0.652

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 0.17 mean?
XMax (FRA:15N) has a Cyclically Adjusted PB Ratio of 0.17 as of Aug. 08, 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 XMax and its competitors. This is 70% above median its historical median of 0.10. Over the past decade, XMax's Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.44. According to the industry distribution chart, XMax ranks #26 out of 334 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 7.8%.
Is XMax's Cyclically Adjusted PB Ratio too high?
XMax's current Cyclically Adjusted PB Ratio of 0.17 is 70% above median its 10-year median of 0.10. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.44. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.21. XMax's value of 0.17 is 86% below this industry median. Based on the distribution chart, XMax ranks #26 out of 334 companies in the Furnishings, Fixtures & Appliances industry, which is in the top quartile — a strong position relative to peers. Overall, XMax has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does XMax's Cyclically Adjusted PB Ratio compare to ETD and FLXS?
According to the Furnishings, Fixtures & Appliances industry distribution chart, XMax ranks #26 out of 334 companies for Cyclically Adjusted PB Ratio. This places XMax in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.21. XMax's value of 0.17 is 86% below this benchmark. Historically, XMax's own Cyclically Adjusted PB Ratio has ranged from 0.01 to 0.44 over the past decade. While the company's 10-year median is 0.10 vs. the industry median of 1.21, XMax 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 PB Ratio for a Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.21, based on 334 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. XMax's current Cyclically Adjusted PB Ratio of 0.17 is 86% 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 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 XMax and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.21 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XMax's current Cyclically Adjusted PB Ratio is 0.17, which is 70% above median its own 10-year median of 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XMax stock overvalued right now?
XMax (FRA:15N) has a current Cyclically Adjusted PB Ratio of 0.17. The stock's GF Value™ is €0.01, compared to a current price of €0.53 — trading 5200% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.17, which is 70% above median its 10-year median of 0.10 and 86% below the Furnishings, Fixtures & Appliances industry median of 1.21. XMax's overall GF Score™ is 34/100 with 9 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 XMax (FRA:15N), the current Cyclically Adjusted PB Ratio is 0.17 as of Aug. 08, 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 XMax (FRA:15N) Overvalued in 2026?

Based on GuruFocus' analysis, XMax stock appears to be overvalued. The current stock price of €0.53 is trading 5200% above its estimated GF Value™ of €0.01.

Key valuation signals for FRA:15N:

  • Cyclically Adjusted PB Ratio: 0.17 (70% above median its 10-year median of 0.10)
  • GF Value™: €0.01 vs. price of €0.53 (5200% above fair value)
  • GF Score™: 34/100 with 9 warning signs
  • Industry Position: 86% below the Furnishings, Fixtures & Appliances median (#26 of 334)

No single metric tells the full story. See the FRA:15N stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XMax Business Description

Other Exchanges XMAX:USA
Address 6565 E Washington Boulevard, Commerce, CA, USA, 90040
XMax Inc is a designer and lifestyle furniture company. The company is a designer and distributor of contemporary styled residential and commercial furniture. The firms marketing and sales platform offers retail as well as online selection and purchase fulfillment internationally. The company also sells managed a variety of bedding foundation components. Its collection of lifestyle furniture brands includes Diamond Sofa. The firm's products are made in the United States and Asia. The company plans expansion into artificial intelligence (AI) while continuing to operate and develop its existing furniture business.
34GF Score

Get the complete analysis for FRA:15N

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

€0.53
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GF Value