XXL Energy (TSXV:XL) Cyclically Adjusted PB Ratio: (As of Aug. 17, 2026)

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.

TSXV:XL XXL Energy Corp TSXV:XL
14 GF Score
Price C$0.14
GF Value C$0.20
Valuation Possible Value Trap
! 4 Warning Signs
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What is XXL Energy Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


XXL Energy  (TSXV:XL) 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.


XXL Energy Cyclically Adjusted PB Ratio Related Terms


XXL Energy Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for XXL Energy'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.

XXL Energy Cyclically Adjusted PB Ratio Chart

XXL Energy 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

XXL Energy 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 0.00

TSXV:XL vs COP, EOG, FANG: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas E&P subindustry, XXL Energy'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.


XXL Energy Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, XXL Energy's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


TSXV:XL
14GF Score
XXL Energy Corp TSXV:XL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

XXL Energy 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.

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

For example, XXL Energy'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)
=-9.674/132.2623*132.2623
=-9.674

Current CPI (Mar. 2026) = 132.2623.

XXL Energy Quarterly Data

Book Value per Share CPI Adj_Book
201606 -2.319 102.002 -3.007
201609 -2.418 101.765 -3.143
201612 -2.496 101.449 -3.254
201703 -2.590 102.634 -3.338
201706 -2.676 103.029 -3.435
201709 -2.589 103.345 -3.313
201712 -2.753 103.345 -3.523
201803 -2.847 105.004 -3.586
201806 -2.964 105.557 -3.714
201809 -2.642 105.636 -3.308
201812 -3.168 105.399 -3.975
201903 -3.281 106.979 -4.056
201906 -3.497 107.690 -4.295
201909 -3.683 107.611 -4.527
201912 -3.854 107.769 -4.730
202003 -4.197 107.927 -5.143
202006 -4.318 108.401 -5.268
202009 -4.406 108.164 -5.388
202012 -5.230 108.559 -6.372
202103 -5.491 110.298 -6.584
202106 -5.517 111.720 -6.531
202109 -5.864 112.905 -6.869
202112 -5.742 113.774 -6.675
202203 -6.006 117.646 -6.752
202206 -6.123 120.806 -6.704
202209 -6.381 120.648 -6.995
202212 -6.243 120.964 -6.826
202303 -6.300 122.702 -6.791
202306 -6.385 124.203 -6.799
202309 -6.682 125.230 -7.057
202312 -6.906 125.072 -7.303
202403 -7.160 126.258 -7.501
202406 -7.477 127.522 -7.755
202409 -7.743 127.285 -8.046
202412 -8.332 127.364 -8.652
202503 -8.620 129.181 -8.826
202506 -8.659 129.892 -8.817
202509 -9.058 130.287 -9.195
202512 -9.497 130.366 -9.635
202603 -9.674 132.262 -9.674

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.

Is XXL Energy (TSXV:XL) Overvalued in 2026?

Based on GuruFocus' analysis, XXL Energy stock appears to be undervalued. The current stock price of C$0.14 is trading 30% below its estimated GF Value™ of C$0.20. GuruFocus considers XXL Energy to be Possible Value Trap.

Key valuation signals for TSXV:XL:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: C$0.20 vs. price of C$0.14 (30% below fair value)
  • GF Score™: 14/100 with 4 warning signs

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


XXL Energy Business Description

Industry EnergyOil & Gas
Address Granville Park, RPO Box 60610, Vancouver, BC, CAN, V6H 4B9
XXL Energy Corp is a petroleum and natural gas company engaged in the acquisition, exploration and development of petroleum and natural gas properties located in the United States of America.
14GF Score

Get the complete analysis for TSXV:XL

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

C$0.14
Price
C$0.20
GF Value