XNET (Xunlei) Cyclically Adjusted PB Ratio: 0.70 (As of Jun. 24, 2026) — 112% Above Median


XNET Xunlei Ltd XNET
70 GF Score
Price $4.86
GF Value $3.24
Valuation Significantly Overvalued
! 5 Warning Signs
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What is Xunlei Cyclically Adjusted PB Ratio?

Xunlei XNET +0.41% 70 Cyclically Adjusted PB Ratio is 0.70 as of Jun. 24, 2026, which is 112% above its 10-year median of 0.33. GuruFocus rates XNET with a GF Score™ of 70/100 and a GF Value™ of $3.24 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,595 Software companies, Xunlei ranks better than 81.76% on this metric.

As of today (2026-06-24), Xunlei's current share price is $4.86. Xunlei's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was $6.94. Xunlei's Cyclically Adjusted PB Ratio for today is 0.70.

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

XNET' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.19   Med: 0.33   Max: 1.56
Current: 0.7

During the past years, Xunlei's highest Cyclically Adjusted PB Ratio was 1.56. The lowest was 0.19. And the median was 0.33.

XNET's Cyclically Adjusted PB Ratio is ranked better than
81.76% of 1595 companies
in the Software industry
Industry Median: 2.35 vs XNET: 0.70

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.

Xunlei's adjusted book value per share data for the three months ended in Mar. 2026 was $18.801. 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 $6.94 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xunlei  (NAS:XNET) 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.


Xunlei Cyclically Adjusted PB Ratio Related Terms


Xunlei Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Xunlei'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.

Xunlei Cyclically Adjusted PB Ratio Chart

Xunlei 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 0.37 0.31 0.28 0.35 1.07

Xunlei 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 0.81 0.70 1.53 1.07 0.80

XNET vs PSFE, IIIV, ALLT: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Xunlei'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.


Xunlei Cyclically Adjusted PB Ratio vs Software Industry

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

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


XNET
70GF Score
Xunlei Ltd XNET
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Xunlei 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=4.86/6.94
=0.70

* 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.

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

For example, Xunlei'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)
=18.801/116.3033*116.3033
=18.801

Current CPI (Mar. 2026) = 116.3033.

Xunlei Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.441 101.400 7.388
201609 6.340 102.400 7.201
201612 6.175 102.600 7.000
201703 6.107 103.200 6.882
201706 6.004 103.100 6.773
201709 5.673 104.100 6.338
201712 5.770 104.500 6.422
201803 5.980 105.300 6.605
201806 5.875 104.900 6.514
201809 5.563 106.600 6.069
201812 5.130 106.500 5.602
201903 5.051 107.700 5.454
201906 4.992 107.700 5.391
201909 4.595 109.800 4.867
201912 4.377 111.200 4.578
202003 4.264 112.300 4.416
202006 4.104 110.400 4.323
202009 4.181 111.700 4.353
202012 4.368 111.500 4.556
202103 4.456 112.662 4.600
202106 4.520 111.769 4.703
202109 4.460 112.215 4.622
202112 4.502 113.108 4.629
202203 4.619 114.335 4.699
202206 4.542 114.558 4.611
202209 4.584 115.339 4.622
202212 4.767 115.116 4.816
202303 4.874 115.116 4.924
202306 4.771 114.558 4.844
202309 4.889 115.339 4.930
202312 5.021 114.781 5.088
202403 5.097 115.227 5.145
202406 5.169 114.781 5.238
202409 5.316 115.785 5.340
202412 5.174 114.893 5.238
202503 5.093 115.116 5.146
202506 16.717 114.907 16.920
202509 25.998 115.471 26.185
202512 21.852 115.832 21.941
202603 18.801 116.303 18.801

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 0.70 mean?
Xunlei (XNET) has a Cyclically Adjusted PB Ratio of 0.70 as of Jun. 24, 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 Xunlei and its competitors. This is 112% above median its historical median of 0.33. Over the past decade, Xunlei's Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.56. According to the industry distribution chart, Xunlei ranks #291 out of 1595 companies in the Software industry, placing it in the top 18.2%.
Is Xunlei's Cyclically Adjusted PB Ratio too high?
Xunlei's current Cyclically Adjusted PB Ratio of 0.70 is 112% above median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 1.56. The Software industry median Cyclically Adjusted PB Ratio is 2.35. Xunlei's value of 0.70 is 70.2% below this industry median. Based on the distribution chart, Xunlei ranks #291 out of 1595 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Xunlei has a GF Score™ of 70/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Xunlei's Cyclically Adjusted PB Ratio compare to PSFE and IIIV?
According to the Software industry distribution chart, Xunlei ranks #291 out of 1595 companies for Cyclically Adjusted PB Ratio. This places Xunlei in the top 18% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.35. Xunlei's value of 0.70 is 70.2% below this benchmark. Historically, Xunlei's own Cyclically Adjusted PB Ratio has ranged from 0.19 to 1.56 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 2.35, Xunlei 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.35, based on 1,595 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. Xunlei's current Cyclically Adjusted PB Ratio of 0.70 is 70.2% 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 Xunlei and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.35 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xunlei's current Cyclically Adjusted PB Ratio is 0.70, which is 112% above median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xunlei stock overvalued right now?
Based on GuruFocus' analysis, Xunlei (XNET) is currently considered Significantly Overvalued. The stock's GF Value™ is $3.24, compared to a current price of $4.86 — trading 50% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.70, which is 112% above median its 10-year median of 0.33 and 70.2% below the Software industry median of 2.35. Xunlei's overall GF Score™ is 70/100 with 5 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 Xunlei (XNET), the current Cyclically Adjusted PB Ratio is 0.70 as of Jun. 24, 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 Xunlei (XNET) Overvalued in 2026?

Based on GuruFocus' analysis, Xunlei stock appears to be overvalued. The current stock price of $4.86 is trading 50% above its estimated GF Value™ of $3.24. GuruFocus considers Xunlei to be Significantly Overvalued.

Key valuation signals for XNET:

  • Cyclically Adjusted PB Ratio: 0.70 (112% above median its 10-year median of 0.33)
  • GF Value™: $3.24 vs. price of $4.86 (50% above fair value)
  • GF Score™: 70/100 with 5 warning signs
  • Industry Position: 70.2% below the Software median (#291 of 1595)

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


Xunlei Business Description

Other Exchanges 4XN:Germany
Address 3709 Baishi Road, Nanshan District, Shenzhen, CHN, 518000
Xunlei Ltd is a technology company providing distributed cloud services in China. It operates a powerful internet platform in China based on cloud technology to enable its users to quickly access, store, manage and consume digital media content on the internet. The company has expanded its products and services from PC-based devices to mobile devices in part through pre-installed acceleration products in mobile phones to further enlarge its user base and offer its users a wider range of access points. It provides a wide range of products and services across cloud acceleration and digital entertainment to deliver an efficient, smart and safe internet environment to its users.
70GF Score

Get the complete analysis for XNET

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

$4.86
Price
$3.24
GF Value