XHR (Xenia Hotels & Resorts) Cyclically Adjusted PB Ratio: 1.16 (As of Aug. 21, 2026) — 40% Above 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.

XHR Xenia Hotels & Resorts Inc XHR
81 GF Score
Price $19.35
GF Value $16.54
Valuation Modestly Overvalued
! 7 Warning Signs
View Full Analysis

What is Xenia Hotels & Resorts Cyclically Adjusted PB Ratio?

Xenia Hotels & Resorts XHR -0.20% 81 Cyclically Adjusted PB Ratio is 1.16 as of Aug. 21, 2026, which is 40% above its 10-year median of 0.83. GuruFocus rates XHR with a GF Scoreâ„¢ of 81/100 and a GF Valueâ„¢ of $16.54 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 549 REITs companies, Xenia Hotels & Resorts ranks worse than 72.5% on this metric.

As of today (2026-08-21), Xenia Hotels & Resorts's current share price is $19.3507. Xenia Hotels & Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was $16.68. Xenia Hotels & Resorts's Cyclically Adjusted PB Ratio for today is 1.16.

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

XHR' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.58   Med: 0.83   Max: 1.29
Current: 1.16

During the past years, Xenia Hotels & Resorts's highest Cyclically Adjusted PB Ratio was 1.29. The lowest was 0.58. And the median was 0.83.

XHR's Cyclically Adjusted PB Ratio is ranked worse than
72.5% of 549 companies
in the REITs industry
Industry Median: 0.8 vs XHR: 1.16

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.

Xenia Hotels & Resorts's adjusted book value per share data for the three months ended in Jun. 2026 was $12.032. 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 $16.68 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xenia Hotels & Resorts  (NYSE:XHR) 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.


Xenia Hotels & Resorts Cyclically Adjusted PB Ratio Related Terms


Xenia Hotels & Resorts Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Xenia Hotels & Resorts'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.

Xenia Hotels & Resorts Cyclically Adjusted PB Ratio Chart

Xenia Hotels & Resorts 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 0.80 0.87 0.85

Xenia Hotels & Resorts Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.74 0.81 0.85 0.89 1.22

XHR vs RLJ, PEB, SHO: Cyclically Adjusted PB Ratio Comparison

For the REIT - Hotel & Motel subindustry, Xenia Hotels & Resorts'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.


Xenia Hotels & Resorts Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Xenia Hotels & Resorts's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Xenia Hotels & Resorts's Cyclically Adjusted PB Ratio falls into.


XHR
81GF Score
Xenia Hotels & Resorts Inc XHR
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xenia Hotels & Resorts 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.

Xenia Hotels & Resorts's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=19.3507/16.68
=1.16

* 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.

Xenia Hotels & Resorts's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Xenia Hotels & Resorts's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=12.032/333.9520*333.9520
=12.032

Current CPI (Jun. 2026) = 333.9520.

Xenia Hotels & Resorts Quarterly Data

Book Value per Share CPI Adj_Book
201609 14.935 241.428 20.659
201612 15.259 241.432 21.106
201703 15.059 243.801 20.627
201706 15.416 244.955 21.017
201709 15.257 246.819 20.643
201712 15.130 246.524 20.496
201803 15.437 249.554 20.658
201806 15.819 251.989 20.964
201809 15.690 252.439 20.756
201812 16.200 251.233 21.534
201903 16.009 254.202 21.031
201906 15.760 256.143 20.547
201909 15.555 256.759 20.232
201912 15.435 256.974 20.059
202003 14.719 258.115 19.044
202006 13.850 257.797 17.941
202009 13.422 260.280 17.221
202012 13.661 260.474 17.515
202103 13.188 264.877 16.627
202106 12.886 271.696 15.839
202109 12.710 274.310 15.473
202112 12.519 278.802 14.995
202203 12.498 287.504 14.517
202206 12.752 296.311 14.372
202209 12.633 296.808 14.214
202212 12.808 296.797 14.411
202303 12.739 301.836 14.094
202306 12.823 305.109 14.035
202309 12.666 307.789 13.743
202312 12.611 306.746 13.729
202403 12.578 312.332 13.449
202406 12.610 314.175 13.404
202409 12.402 315.301 13.136
202412 12.270 315.605 12.983
202503 12.253 319.799 12.795
202506 12.698 322.561 13.146
202509 12.418 324.800 12.768
202512 12.308 324.054 12.684
202603 12.372 330.213 12.512
202606 12.032 333.952 12.032

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 1.16 mean?
Xenia Hotels & Resorts (XHR) has a Cyclically Adjusted PB Ratio of 1.16 as of Aug. 21, 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 Xenia Hotels & Resorts and its competitors. This is 40% above median its historical median of 0.83. Over the past decade, Xenia Hotels & Resorts' Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.29. According to the industry distribution chart, Xenia Hotels & Resorts ranks #398 out of 549 companies in the REITs industry, placing it in the top 72.5%.
Is Xenia Hotels & Resorts' Cyclically Adjusted PB Ratio too high?
Xenia Hotels & Resorts' current Cyclically Adjusted PB Ratio of 1.16 is 40% above median its 10-year median of 0.83. Over the past 10 years, this metric has ranged from a low of 0.58 to a high of 1.29. The REITs industry median Cyclically Adjusted PB Ratio is 0.80. Xenia Hotels & Resorts' value of 1.16 is 45% above this industry median. Based on the distribution chart, Xenia Hotels & Resorts ranks #398 out of 549 companies in the REITs industry, which is below the industry midpoint. Overall, Xenia Hotels & Resorts has a GF Scoreâ„¢ of 81/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xenia Hotels & Resorts' Cyclically Adjusted PB Ratio compare to RLJ and PEB?
According to the REITs industry distribution chart, Xenia Hotels & Resorts ranks #398 out of 549 companies for Cyclically Adjusted PB Ratio. This places Xenia Hotels & Resorts in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.80. Xenia Hotels & Resorts' value of 1.16 is 45% above this benchmark. Historically, Xenia Hotels & Resorts' own Cyclically Adjusted PB Ratio has ranged from 0.58 to 1.29 over the past decade. While the company's 10-year median is 0.83 vs. the industry median of 0.80, Xenia Hotels & Resorts 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 REITs company?
The median Cyclically Adjusted PB Ratio among REITs companies is 0.80, based on 549 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. Xenia Hotels & Resorts's current Cyclically Adjusted PB Ratio of 1.16 is 45% 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 Xenia Hotels & Resorts and its competitors. For the REITs industry, the median Cyclically Adjusted PB Ratio is 0.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xenia Hotels & Resorts's current Cyclically Adjusted PB Ratio is 1.16, which is 40% above median its own 10-year median of 0.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xenia Hotels & Resorts stock overvalued right now?
Based on GuruFocus' analysis, Xenia Hotels & Resorts (XHR) is currently considered Modestly Overvalued. The stock's GF Value™ is $16.54, compared to a current price of $19.35 — trading 17% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.16, which is 40% above median its 10-year median of 0.83 and 45% above the REITs industry median of 0.80. Xenia Hotels & Resorts' overall GF Score™ is 81/100 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 Xenia Hotels & Resorts (XHR), the current Cyclically Adjusted PB Ratio is 1.16 as of Aug. 21, 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 Xenia Hotels & Resorts (XHR) Overvalued in 2026?

Based on GuruFocus' analysis, Xenia Hotels & Resorts stock appears to be overvalued. The current stock price of $19.35 is trading 17% above its estimated GF Value™ of $16.54. GuruFocus considers Xenia Hotels & Resorts to be Modestly Overvalued.

Key valuation signals for XHR:

  • Cyclically Adjusted PB Ratio: 1.16 (40% above median its 10-year median of 0.83)
  • GF Value™: $16.54 vs. price of $19.35 (17% above fair value)
  • GF Score™: 81/100 with 7 warning signs
  • Industry Position: 45% above the REITs median (#398 of 549)

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


Xenia Hotels & Resorts Business Description

Industry Real EstateREITs
Other Exchanges 0XHR:Germany
Address 200 S. Orange Avenue, Suite 2700, Orlando, FL, USA, 32801
Xenia Hotels & Resorts Inc is a real estate investment trust that invests in premium full-service, lifestyle, and urban upscale hotels and resorts across the United States. The company owns and pursues hotels in the upscale, upper upscale, and luxury segments that are affiliated with various brands. Its hotels are operated by Marriott, along with Hilton, Hyatt, Starwood, Kimpton, Aston, Fairmont, and Loews. The firm's properties are located in various regions across the U.S.: the South Atlantic, West South Central, Pacific, Mountain, and other regions. Xenia's revenue is divided between the sale of rooms, food and beverages, and other sources.
81GF Score

Get the complete analysis for XHR

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

$19.35
Price
$16.54
GF Value