XTPL (FRA:5C8) Cyclically Adjusted PB Ratio: 9.90 (As of Aug. 31, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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FRA:5C8 XTPL SA FRA:5C8
73 GF Score
Price €15.44
GF Value €23.75
Valuation Possible Value Trap
! 7 Warning Signs
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What is XTPL Cyclically Adjusted PB Ratio?

XTPL FRA:5C8 -0.26% 73 Cyclically Adjusted PB Ratio is 9.90 as of Aug. 31, 2026, which is 4% above its 10-year median of 9.52. GuruFocus rates FRA:5C8 with a GF Score™ of 73/100 and a GF Value™ of €23.75 (Possible Value Trap). The stock has 7 warning signs investors should review. Among 1,932 Hardware companies, XTPL ranks worse than 91.56% on this metric.

As of today (2026-08-31), XTPL's current share price is €15.44. XTPL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €1.56. XTPL's Cyclically Adjusted PB Ratio for today is 9.90.

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

FRA:5C8' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 7.83   Med: 9.52   Max: 10.49
Current: 9.64

During the past years, XTPL's highest Cyclically Adjusted PB Ratio was 10.49. The lowest was 7.83. And the median was 9.52.

FRA:5C8's Cyclically Adjusted PB Ratio is ranked worse than
91.56% of 1932 companies
in the Hardware industry
Industry Median: 2.07 vs FRA:5C8: 9.64

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 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.

XTPL's adjusted book value per share data for the three months ended in Mar. 2026 was €2.574. 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 €1.56 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


XTPL  (FRA:5C8) 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.


XTPL Cyclically Adjusted PB Ratio Related Terms


XTPL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for XTPL'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.

XTPL Cyclically Adjusted PB Ratio Chart

XTPL 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 0.00

XTPL 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 0.00 0.00 0.00 0.00 9.54

FRA:5C8 vs DELL, ANET, SNDK: Cyclically Adjusted PB Ratio Comparison

For the Computer Hardware subindustry, XTPL'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.


XTPL Cyclically Adjusted PB Ratio vs Hardware Industry

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

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


FRA:5C8
73GF Score
XTPL SA FRA:5C8
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XTPL 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=15.44/1.56
=9.90

* 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.

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

For example, XTPL'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)
=2.574/163.0700*163.0700
=2.574

Current CPI (Mar. 2026) = 163.0700.

XTPL Quarterly Data

Book Value per Share CPI Adj_Book
201512 0.159 99.471 0.261
201609 0.000 99.064 0.000
201612 0.244 100.366 0.396
201703 0.000 101.018 0.000
201706 0.000 101.180 0.000
201709 1.165 101.343 1.875
201712 0.999 102.564 1.588
201803 0.883 102.564 1.404
201806 0.647 103.378 1.021
201809 0.913 103.378 1.440
201812 1.175 103.785 1.846
201903 0.670 104.274 1.048
201906 0.396 105.983 0.609
201909 1.195 105.983 1.839
201912 0.851 107.123 1.295
202003 0.646 109.076 0.966
202006 1.549 109.402 2.309
202009 1.344 109.320 2.005
202012 1.201 109.565 1.788
202103 1.042 112.658 1.508
202106 0.796 113.960 1.139
202109 0.574 115.588 0.810
202112 0.576 119.088 0.789
202203 0.405 125.031 0.528
202206 0.395 131.705 0.489
202209 0.464 135.531 0.558
202212 0.460 139.113 0.539
202303 0.426 145.950 0.476
202306 0.257 147.009 0.285
202309 3.662 146.113 4.087
202312 3.421 147.741 3.776
202403 3.078 149.044 3.368
202406 2.623 150.997 2.833
202409 1.845 153.439 1.961
202412 3.589 154.660 3.784
202503 2.941 157.021 3.054
202506 2.449 157.509 2.535
202509 2.156 158.000 2.225
202512 1.718 158.320 1.770
202603 2.574 163.070 2.574

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 9.90 mean?
XTPL (FRA:5C8) has a Cyclically Adjusted PB Ratio of 9.90 as of Aug. 31, 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 XTPL and its competitors. This is near median its historical median of 9.52. Over the past decade, XTPL's Cyclically Adjusted PB Ratio has ranged from 7.83 to 10.49. According to the industry distribution chart, XTPL ranks #1769 out of 1932 companies in the Hardware industry, placing it in the top 91.6%.
Is XTPL's Cyclically Adjusted PB Ratio too high?
XTPL's current Cyclically Adjusted PB Ratio of 9.90 is near median its 10-year median of 9.52. Over the past 10 years, this metric has ranged from a low of 7.83 to a high of 10.49. The Hardware industry median Cyclically Adjusted PB Ratio is 2.07. XTPL's value of 9.90 is 378.3% above this industry median. Based on the distribution chart, XTPL ranks #1769 out of 1932 companies in the Hardware industry, which is in the bottom quartile relative to peers. Overall, XTPL has a GF Score™ of 73/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does XTPL's Cyclically Adjusted PB Ratio compare to DELL and ANET?
According to the Hardware industry distribution chart, XTPL ranks #1769 out of 1932 companies for Cyclically Adjusted PB Ratio. This places XTPL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.07. XTPL's value of 9.90 is 378.3% above this benchmark. Historically, XTPL's own Cyclically Adjusted PB Ratio has ranged from 7.83 to 10.49 over the past decade. While the company's 10-year median is 9.52 vs. the industry median of 2.07, XTPL 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 Hardware company?
The median Cyclically Adjusted PB Ratio among Hardware companies is 2.07, based on 1,932 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. XTPL's current Cyclically Adjusted PB Ratio of 9.90 is 378.3% 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 XTPL and its competitors. For the Hardware industry, the median Cyclically Adjusted PB Ratio is 2.07 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XTPL's current Cyclically Adjusted PB Ratio is 9.90, which is near median its own 10-year median of 9.52. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XTPL stock overvalued right now?
Based on GuruFocus' analysis, XTPL (FRA:5C8) is currently considered Possible Value Trap. The stock's GF Value™ is €23.75, compared to a current price of €15.44 — trading 35% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 9.90, which is near median its 10-year median of 9.52 and 378.3% above the Hardware industry median of 2.07. XTPL's overall GF Score™ is 73/100 with 7 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 XTPL (FRA:5C8), the current Cyclically Adjusted PB Ratio is 9.90 as of Aug. 31, 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 XTPL (FRA:5C8) Overvalued in 2026?

Based on GuruFocus' analysis, XTPL stock appears to be undervalued. The current stock price of €15.44 is trading 35% below its estimated GF Value™ of €23.75. GuruFocus considers XTPL to be Possible Value Trap.

Key valuation signals for FRA:5C8:

  • Cyclically Adjusted PB Ratio: 9.90 (near median its 10-year median of 9.52)
  • GF Value™: €23.75 vs. price of €15.44 (35% below fair value)
  • GF Score™: 73/100 with 7 warning signs
  • Industry Position: 378.3% above the Hardware median (#1769 of 1932)

No single metric tells the full story. See the FRA:5C8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


XTPL Business Description

Other Exchanges XTP:Poland5C8:Germany
Address Legnicka 48E, Wroclaw, POL, 54-202
XTPL SA is a technology company. It develops and commercializes the technology dedicated to a specific application field, using optimal model. It is developing and commercialising its globally Creative platform technology of ultra-precise printing of nanomaterials, protected by international patent applications. It is operates in the nanotechnology market segment. The company is focusing on commercialization of its technology in chosen application fields.
73GF Score

Get the complete analysis for FRA:5C8

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

€15.44
Price
€23.75
GF Value