XTNT (Xtant Medical Holdings) Cyclically Adjusted PB Ratio: (As of Aug. 19, 2026)

Author: Vera Yuan Vera Yuan
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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.
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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.

XTNT Xtant Medical Holdings Inc XTNT
22 GF Score
Price $0.33
GF Value $0.53
Valuation Possible Value Trap
! 2 Warning Signs
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What is Xtant Medical Holdings Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Xtant Medical Holdings  (AMEX:XTNT) 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.


Xtant Medical Holdings Cyclically Adjusted PB Ratio Related Terms


Xtant Medical Holdings Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Xtant Medical Holdings'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.

Xtant Medical Holdings Cyclically Adjusted PB Ratio Chart

Xtant Medical Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
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Xtant Medical Holdings 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 0.00 0.00 0.00 0.00 0.00

XTNT vs NNOX, POSC, MDAI: Cyclically Adjusted PB Ratio Comparison

For the Medical Devices subindustry, Xtant Medical Holdings'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.


Xtant Medical Holdings Cyclically Adjusted PB Ratio vs Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Xtant Medical Holdings's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XTNT
22GF Score
Xtant Medical Holdings Inc XTNT
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Xtant Medical Holdings 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.

Xtant Medical Holdings's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Xtant Medical Holdings'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)
=0.285/333.9520*333.9520
=0.285

Current CPI (Jun. 2026) = 333.9520.

Xtant Medical Holdings Quarterly Data

Book Value per Share CPI Adj_Book
201609 -4.565 241.428 -6.314
201612 -4.881 241.432 -6.751
201703 -7.681 243.801 -10.521
201706 -14.008 244.955 -19.097
201709 -19.809 246.819 -26.802
201712 -38.441 246.524 -52.074
201803 1.184 249.554 1.584
201806 0.777 251.989 1.030
201809 0.954 252.439 1.262
201812 -3.299 251.233 -4.385
201903 -2.955 254.202 -3.882
201906 -3.098 256.143 -4.039
201909 -3.233 256.759 -4.205
201912 -3.334 256.974 -4.333
202003 -3.489 258.115 -4.514
202006 -3.518 257.797 -4.557
202009 -3.597 260.280 -4.615
202012 0.187 260.474 0.240
202103 0.385 264.877 0.485
202106 0.391 271.696 0.481
202109 0.376 274.310 0.458
202112 0.355 278.802 0.425
202203 0.335 287.504 0.389
202206 0.322 296.311 0.363
202209 0.321 296.808 0.361
202212 0.314 296.797 0.353
202303 0.300 301.836 0.332
202306 0.284 305.109 0.311
202309 0.421 307.789 0.457
202312 0.394 306.746 0.429
202403 0.366 312.332 0.391
202406 0.345 314.175 0.367
202409 0.330 315.301 0.350
202412 0.309 315.605 0.327
202503 0.315 319.799 0.329
202506 0.348 322.561 0.360
202509 0.360 324.800 0.370
202512 0.364 324.054 0.375
202603 0.347 330.213 0.351
202606 0.285 333.952 0.285

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 Xtant Medical Holdings (XTNT) Overvalued in 2026?

Based on GuruFocus' analysis, Xtant Medical Holdings stock appears to be undervalued. The current stock price of $0.33 is trading 37.5% below its estimated GF Value™ of $0.53. GuruFocus considers Xtant Medical Holdings to be Possible Value Trap.

Key valuation signals for XTNT:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: $0.53 vs. price of $0.33 (37.5% below fair value)
  • GF Score™: 22/100 with 2 warning signs

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


Xtant Medical Holdings Business Description

Address 664 Cruiser Lane, Belgrade, MT, USA, 59714
Xtant Medical Holdings Inc is a medical technology company focused on the design, development, and commercialization of a comprehensive portfolio of orthobiologics and spinal implant systems to facilitate spinal fusion in complex spine, deformity and degenerative procedures. Its products are used by orthopedic spine surgeons and neurosurgeons to treat a variety of spinal disorders in the cervical, thoracolumbar, and interbody spine. The company's biomaterial products include OsteoSponge, OsteoSponge SC, OsteoSelect Plus DBM putty, OsteoWrap, and the line of 3Demin products, as well as other allografts. It generates a majority of its revenue from the U.S.
22GF Score

Get the complete analysis for XTNT

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

$0.33
Price
$0.53
GF Value