Export Investment (XTAE:EXPO) Cyclically Adjusted PB Ratio: 0.84 (As of Aug. 21, 2026) — 11% 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.

XTAE:EXPO Export Investment Corp Ltd XTAE:EXPO
71 GF Score
Price ₪68.74
GF Value ₪63.77
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is Export Investment Cyclically Adjusted PB Ratio?

Export Investment XTAE:EXPO +0.37% 71 Cyclically Adjusted PB Ratio is 0.84 as of Aug. 21, 2026, which is 11% below its 10-year median of 0.94. GuruFocus rates XTAE:EXPO with a GF Score™ of 71/100 and a GF Value™ of ₪63.77 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,281 Banks companies, Export Investment ranks better than 74.79% on this metric.

As of today (2026-08-21), Export Investment's current share price is ₪68.74. Export Investment's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was ₪81.61. Export Investment's Cyclically Adjusted PB Ratio for today is 0.84.

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

XTAE:EXPO' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.62   Med: 0.94   Max: 1.2
Current: 0.82

During the past years, Export Investment's highest Cyclically Adjusted PB Ratio was 1.20. The lowest was 0.62. And the median was 0.94.

XTAE:EXPO's Cyclically Adjusted PB Ratio is ranked better than
74.79% of 1281 companies
in the Banks industry
Industry Median: 1.28 vs XTAE:EXPO: 0.82

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.

Export Investment's adjusted book value per share data for the three months ended in Mar. 2026 was ₪115.975. 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 ₪81.61 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Export Investment  (XTAE:EXPO) 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.


Export Investment Cyclically Adjusted PB Ratio Related Terms


Export Investment Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Export Investment'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.

Export Investment Cyclically Adjusted PB Ratio Chart

Export Investment 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 0.93 1.01

Export Investment 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 0.89 0.97 1.05 1.01 1.00

XTAE:EXPO vs PNC, USB: Cyclically Adjusted PB Ratio Comparison

For the Banks - Regional subindustry, Export Investment'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.


Export Investment Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Export Investment's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTAE:EXPO
71GF Score
Export Investment Corp Ltd XTAE:EXPO
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Export Investment 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.

Export Investment's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=68.74/81.61
=0.84

* 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.

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

For example, Export Investment'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)
=115.975/330.2130*330.2130
=115.975

Current CPI (Mar. 2026) = 330.2130.

Export Investment Quarterly Data

Book Value per Share CPI Adj_Book
201606 45.736 241.018 62.662
201609 46.107 241.428 63.063
201612 46.086 241.432 63.033
201703 46.343 243.801 62.769
201706 46.245 244.955 62.341
201709 46.898 246.819 62.744
201712 47.141 246.524 63.144
201803 48.234 249.554 63.824
201806 49.174 251.989 64.439
201809 51.283 252.439 67.083
201812 52.214 251.233 68.628
201903 52.569 254.202 68.288
201906 54.381 256.143 70.107
201909 54.688 256.759 70.333
201912 57.264 256.974 73.585
202003 57.794 258.115 73.937
202006 58.202 257.797 74.551
202009 58.454 260.280 74.160
202012 59.376 260.474 75.273
202103 60.921 264.877 75.948
202106 64.217 271.696 78.048
202109 66.002 274.310 79.453
202112 68.624 278.802 81.278
202203 69.092 287.504 79.356
202206 73.662 296.311 82.090
202209 76.558 296.808 85.174
202212 79.655 296.797 88.623
202303 81.474 301.836 89.134
202306 83.603 305.109 90.482
202309 86.164 307.789 92.441
202312 88.744 306.746 95.533
202403 91.463 312.332 96.699
202406 94.216 314.175 99.026
202409 97.421 315.301 102.028
202412 99.409 315.605 104.010
202503 102.275 319.799 105.606
202506 107.728 322.561 110.284
202509 111.675 324.800 113.536
202512 113.651 324.054 115.811
202603 115.975 330.213 115.975

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 0.84 mean?
Export Investment (XTAE:EXPO) has a Cyclically Adjusted PB Ratio of 0.84 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 Export Investment and its competitors. This is 11% below median its historical median of 0.94. Over the past decade, Export Investment's Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.20. According to the industry distribution chart, Export Investment ranks #323 out of 1281 companies in the Banks industry, placing it in the top 25.2%.
Is Export Investment's Cyclically Adjusted PB Ratio too high?
Export Investment's current Cyclically Adjusted PB Ratio of 0.84 is 11% below median its 10-year median of 0.94. Over the past 10 years, this metric has ranged from a low of 0.62 to a high of 1.20. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Export Investment's value of 0.84 is 34.4% below this industry median. Based on the distribution chart, Export Investment ranks #323 out of 1281 companies in the Banks industry, which is above the industry midpoint. Overall, Export Investment has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Export Investment's Cyclically Adjusted PB Ratio compare to PNC and USB?
According to the Banks industry distribution chart, Export Investment ranks #323 out of 1281 companies for Cyclically Adjusted PB Ratio. This puts Export Investment in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Export Investment's value of 0.84 is 34.4% below this benchmark. Historically, Export Investment's own Cyclically Adjusted PB Ratio has ranged from 0.62 to 1.20 over the past decade. While the company's 10-year median is 0.94 vs. the industry median of 1.28, Export Investment 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 Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.28, based on 1,281 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. Export Investment's current Cyclically Adjusted PB Ratio of 0.84 is 34.4% 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 Export Investment and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Export Investment's current Cyclically Adjusted PB Ratio is 0.84, which is 11% below median its own 10-year median of 0.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Export Investment stock overvalued right now?
Based on GuruFocus' analysis, Export Investment (XTAE:EXPO) is currently considered Fairly Valued. The stock's GF Value™ is ₪63.77, compared to a current price of ₪68.74 — trading 7.8% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.84, which is 11% below median its 10-year median of 0.94 and 34.4% below the Banks industry median of 1.28. Export Investment's overall GF Score™ is 71/100 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 Export Investment (XTAE:EXPO), the current Cyclically Adjusted PB Ratio is 0.84 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 Export Investment (XTAE:EXPO) Overvalued in 2026?

Based on GuruFocus' analysis, Export Investment stock appears to be overvalued. The current stock price of ₪68.74 is trading 7.8% above its estimated GF Value™ of ₪63.77. GuruFocus considers Export Investment to be Fairly Valued.

Key valuation signals for XTAE:EXPO:

  • Cyclically Adjusted PB Ratio: 0.84 (11% below median its 10-year median of 0.94)
  • GF Value™: ₪63.77 vs. price of ₪68.74 (7.8% above fair value)
  • GF Score™: 71/100 with 2 warning signs
  • Industry Position: 34.4% below the Banks median (#323 of 1281)

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


Export Investment Business Description

Address Shalom Tower, 9 Ehad Ha'am Street, Tel Aviv, ISR
Export Investment Corp Ltd owns and operates Bank of Jerusalem. It provides commercial and international banking services. It offers real estate loans, mortgages, and financing of residential construction, among others.
71GF Score

Get the complete analysis for XTAE:EXPO

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

₪68.74
Price
₪63.77
GF Value