XPEL (FRA:XPX) Cyclically Adjusted PB Ratio: 12.40 (As of Aug. 02, 2026) — 61% Below 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.

FRA:XPX XPEL Inc FRA:XPX
100 GF Score
Price €37.70
GF Value €44.21
! 2 Warning Signs
View Full Analysis

What is XPEL Cyclically Adjusted PB Ratio?

XPEL FRA:XPX -0.74% 100 Cyclically Adjusted PB Ratio is 12.40 as of Aug. 02, 2026, which is 61% below its 10-year median of 31.68. GuruFocus rates FRA:XPX with a GF Score™ of 100/100 and a GF Value™ of €44.21. The stock has 2 warning signs investors should review. Among 1,015 Vehicles & Parts companies, XPEL ranks worse than 97.44% on this metric.

As of today (2026-08-02), XPEL's current share price is €37.70. XPEL's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.04. XPEL's Cyclically Adjusted PB Ratio for today is 12.40.

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

FRA:XPX' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 8.97   Med: 31.68   Max: 155.53
Current: 11.29

During the past years, XPEL's highest Cyclically Adjusted PB Ratio was 155.53. The lowest was 8.97. And the median was 31.68.

FRA:XPX's Cyclically Adjusted PB Ratio is ranked worse than
97.44% of 1015 companies
in the Vehicles & Parts industry
Industry Median: 1.26 vs FRA:XPX: 11.29

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.

XPEL's adjusted book value per share data for the three months ended in Mar. 2026 was €9.024. 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 €3.04 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


XPEL  (FRA:XPX) 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.


XPEL Cyclically Adjusted PB Ratio Related Terms


XPEL Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for XPEL'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.

XPEL Cyclically Adjusted PB Ratio Chart

XPEL 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 82.92 47.64 28.92 15.12 13.82

XPEL 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 10.21 11.49 9.79 13.82 11.27

FRA:XPX vs PLOW, DCH, THRM: Cyclically Adjusted PB Ratio Comparison

For the Auto Parts subindustry, XPEL'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.


XPEL Cyclically Adjusted PB Ratio vs Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, XPEL's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:XPX
100GF Score
XPEL Inc FRA:XPX
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XPEL 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=37.70/3.04
=12.40

* 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.

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

For example, XPEL'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)
=9.024/330.2130*330.2130
=9.024

Current CPI (Mar. 2026) = 330.2130.

XPEL Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.343 241.018 0.470
201609 0.363 241.428 0.496
201612 0.380 241.432 0.520
201703 0.431 243.801 0.584
201706 0.422 244.955 0.569
201709 0.443 246.819 0.593
201712 0.388 246.524 0.520
201803 0.474 249.554 0.627
201806 0.573 251.989 0.751
201809 0.646 252.439 0.845
201812 0.662 251.233 0.870
201903 0.729 254.202 0.947
201906 0.830 256.143 1.070
201909 0.995 256.759 1.280
201912 1.143 256.974 1.469
202003 1.147 258.115 1.467
202006 1.267 257.797 1.623
202009 1.427 260.280 1.810
202012 1.589 260.474 2.014
202103 1.826 264.877 2.276
202106 2.117 271.696 2.573
202109 2.414 274.310 2.906
202112 2.707 278.802 3.206
202203 3.033 287.504 3.484
202206 3.531 296.311 3.935
202209 4.204 296.808 4.677
202212 4.263 296.797 4.743
202303 4.625 301.836 5.060
202306 5.123 305.109 5.545
202309 5.648 307.789 6.059
202312 5.974 306.746 6.431
202403 6.207 312.332 6.562
202406 6.787 314.175 7.133
202409 7.128 315.301 7.465
202412 7.786 315.605 8.146
202503 7.873 319.799 8.129
202506 8.013 322.561 8.203
202509 8.289 324.800 8.427
202512 8.671 324.054 8.836
202603 9.024 330.213 9.024

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 12.40 mean?
XPEL (FRA:XPX) has a Cyclically Adjusted PB Ratio of 12.40 as of Aug. 02, 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 XPEL and its competitors. This is 61% below median its historical median of 31.68. Over the past decade, XPEL's Cyclically Adjusted PB Ratio has ranged from 8.97 to 155.53. According to the industry distribution chart, XPEL ranks #989 out of 1015 companies in the Vehicles & Parts industry, placing it in the top 97.4%.
Is XPEL's Cyclically Adjusted PB Ratio too high?
XPEL's current Cyclically Adjusted PB Ratio of 12.40 is 61% below median its 10-year median of 31.68. Over the past 10 years, this metric has ranged from a low of 8.97 to a high of 155.53. The Vehicles & Parts industry median Cyclically Adjusted PB Ratio is 1.26. XPEL's value of 12.40 is 884.1% above this industry median. Based on the distribution chart, XPEL ranks #989 out of 1015 companies in the Vehicles & Parts industry, which is in the bottom quartile relative to peers. Overall, XPEL has a GF Score™ of 100/100, reflecting its overall financial health beyond just this single metric.
How does XPEL's Cyclically Adjusted PB Ratio compare to PLOW and DCH?
According to the Vehicles & Parts industry distribution chart, XPEL ranks #989 out of 1015 companies for Cyclically Adjusted PB Ratio. This places XPEL in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.26. XPEL's value of 12.40 is 884.1% above this benchmark. Historically, XPEL's own Cyclically Adjusted PB Ratio has ranged from 8.97 to 155.53 over the past decade. While the company's 10-year median is 31.68 vs. the industry median of 1.26, XPEL 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 Vehicles & Parts company?
The median Cyclically Adjusted PB Ratio among Vehicles & Parts companies is 1.26, based on 1,015 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. XPEL's current Cyclically Adjusted PB Ratio of 12.40 is 884.1% 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 XPEL and its competitors. For the Vehicles & Parts industry, the median Cyclically Adjusted PB Ratio is 1.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. XPEL's current Cyclically Adjusted PB Ratio is 12.40, which is 61% below median its own 10-year median of 31.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is XPEL stock overvalued right now?
XPEL (FRA:XPX) has a current Cyclically Adjusted PB Ratio of 12.40. The stock's GF Value™ is €44.21, compared to a current price of €37.70 — trading 14.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 12.40, which is 61% below median its 10-year median of 31.68 and 884.1% above the Vehicles & Parts industry median of 1.26. XPEL's overall GF Score™ is 100/100 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 XPEL (FRA:XPX), the current Cyclically Adjusted PB Ratio is 12.40 as of Aug. 02, 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 XPEL (FRA:XPX) Overvalued in 2026?

Based on GuruFocus' analysis, XPEL stock appears to be undervalued. The current stock price of €37.70 is trading 14.7% below its estimated GF Value™ of €44.21.

Key valuation signals for FRA:XPX:

  • Cyclically Adjusted PB Ratio: 12.40 (61% below median its 10-year median of 31.68)
  • GF Value™: €44.21 vs. price of €37.70 (14.7% below fair value)
  • GF Score™: 100/100 with 2 warning signs
  • Industry Position: 884.1% above the Vehicles & Parts median (#989 of 1015)

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


XPEL Business Description

Other Exchanges XPEL:USA
Address 711 Broadway, Suite 320, San Antonio, TX, USA, 78215
XPEL Inc is a supplier of protective films, coatings, and related services principally to the automobile aftermarket, new car dealerships, and automobile original equipment manufacturers, or OEMs. The majority of its revenue is derived from Product, which includes Paint protection film and Window film. The company derives revenue from Service, which includes Software, Cutbank credits, and Installation labor. The majority of revenue is derived from the United States.
100GF Score

Get the complete analysis for FRA:XPX

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

€37.70
Price
€44.21
GF Value