XTNT (Xtant Medical Holdings) Cyclically Adjusted PS Ratio: 0.02 (As of Aug. 14, 2026) — Near 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.

XTNT Xtant Medical Holdings Inc XTNT
23 GF Score
Price $0.31
GF Value $0.53
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Xtant Medical Holdings Cyclically Adjusted PS Ratio?

Xtant Medical Holdings XTNT +0.52% 23 Cyclically Adjusted PS Ratio is 0.02 as of Aug. 14, 2026, which is at its 10-year median of 0.02. GuruFocus rates XTNT with a GF Scoreâ„¢ of 23/100 and a GF Valueâ„¢ of $0.53 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 526 Medical Devices & Instruments companies, Xtant Medical Holdings ranks better than 99.43% on this metric.

As of today (2026-08-14), Xtant Medical Holdings's current share price is $0.312. Xtant Medical Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was $15.66. Xtant Medical Holdings's Cyclically Adjusted PS Ratio for today is 0.02.

The historical rank and industry rank for Xtant Medical Holdings's Cyclically Adjusted PS Ratio or its related term are showing as below:

XTNT' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.02   Max: 0.09
Current: 0.02

During the past years, Xtant Medical Holdings's highest Cyclically Adjusted PS Ratio was 0.09. The lowest was 0.01. And the median was 0.02.

XTNT's Cyclically Adjusted PS Ratio is ranked better than
99.43% of 526 companies
in the Medical Devices & Instruments industry
Industry Median: 2.305 vs XTNT: 0.02

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Xtant Medical Holdings's adjusted revenue per share data for the three months ended in Jun. 2026 was $0.164. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is $15.66 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Xtant Medical Holdings  (AMEX:XTNT) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Xtant Medical Holdings Cyclically Adjusted PS Ratio Related Terms


Xtant Medical Holdings Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Xtant Medical Holdings's Cyclically Adjusted PS 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 PS Ratio Chart

Xtant Medical Holdings Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.01 0.01 0.03 0.01 0.04

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 PS 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 0.03 0.03 0.04 0.03 0.03

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

For the Medical Devices subindustry, Xtant Medical Holdings's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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 PS Ratio vs Medical Devices & Instruments Industry

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

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


XTNT
23GF Score
Xtant Medical Holdings Inc XTNT
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Xtant Medical Holdings Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Xtant Medical Holdings's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=0.312/15.66
=0.02

* 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's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Xtant Medical Holdings's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.164/333.9520*333.9520
=0.164

Current CPI (Jun. 2026) = 333.9520.

Xtant Medical Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 22.553 241.428 31.196
201612 20.108 241.432 27.814
201703 14.663 243.801 20.085
201706 14.093 244.955 19.213
201709 12.976 246.819 17.557
201712 12.668 246.524 17.161
201803 2.380 249.554 3.185
201806 1.422 251.989 1.885
201809 1.303 252.439 1.724
201812 1.376 251.233 1.829
201903 1.261 254.202 1.657
201906 1.152 256.143 1.502
201909 1.186 256.759 1.543
201912 1.280 256.974 1.663
202003 1.122 258.115 1.452
202006 0.790 257.797 1.023
202009 1.059 260.280 1.359
202012 0.181 260.474 0.232
202103 0.154 264.877 0.194
202106 0.173 271.696 0.213
202109 0.159 274.310 0.194
202112 0.160 278.802 0.192
202203 0.149 287.504 0.173
202206 0.175 296.311 0.197
202209 0.155 296.808 0.174
202212 0.141 296.797 0.159
202303 0.165 301.836 0.183
202306 0.186 305.109 0.204
202309 0.184 307.789 0.200
202312 0.207 306.746 0.225
202403 0.214 312.332 0.229
202406 0.230 314.175 0.244
202409 0.207 315.301 0.219
202412 0.227 315.605 0.240
202503 0.230 319.799 0.240
202506 0.238 322.561 0.246
202509 0.221 324.800 0.227
202512 0.215 324.054 0.222
202603 0.149 330.213 0.151
202606 0.164 333.952 0.164

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 0.02 mean?
Xtant Medical Holdings (XTNT) has a Cyclically Adjusted PS Ratio of 0.02 as of Aug. 14, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Xtant Medical Holdings and its competitors. This is near median its historical median of 0.02. Over the past decade, Xtant Medical Holdings' Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.09. According to the industry distribution chart, Xtant Medical Holdings ranks #3 out of 526 companies in the Medical Devices & Instruments industry, placing it in the top 0.59999999999999%.
Is Xtant Medical Holdings' Cyclically Adjusted PS Ratio too high?
Xtant Medical Holdings' current Cyclically Adjusted PS Ratio of 0.02 is near median its 10-year median of 0.02. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.09. The Medical Devices & Instruments industry median Cyclically Adjusted PS Ratio is 2.31. Xtant Medical Holdings' value of 0.02 is 99.1% below this industry median. Based on the distribution chart, Xtant Medical Holdings ranks #3 out of 526 companies in the Medical Devices & Instruments industry, which is in the top quartile — a strong position relative to peers. Overall, Xtant Medical Holdings has a GF Score™ of 23/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Xtant Medical Holdings' Cyclically Adjusted PS Ratio compare to NNOX and POSC?
According to the Medical Devices & Instruments industry distribution chart, Xtant Medical Holdings ranks #3 out of 526 companies for Cyclically Adjusted PS Ratio. This places Xtant Medical Holdings in the top 1% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 2.31. Xtant Medical Holdings' value of 0.02 is 99.1% below this benchmark. Historically, Xtant Medical Holdings' own Cyclically Adjusted PS Ratio has ranged from 0.01 to 0.09 over the past decade. While the company's 10-year median is 0.02 vs. the industry median of 2.31, Xtant Medical Holdings 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 PS Ratio for a Medical Devices & Instruments company?
The median Cyclically Adjusted PS Ratio among Medical Devices & Instruments companies is 2.31, based on 526 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Xtant Medical Holdings's current Cyclically Adjusted PS Ratio of 0.02 is 99.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Xtant Medical Holdings and its competitors. For the Medical Devices & Instruments industry, the median Cyclically Adjusted PS Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Xtant Medical Holdings's current Cyclically Adjusted PS Ratio is 0.02, which is near median its own 10-year median of 0.02. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Xtant Medical Holdings stock overvalued right now?
Based on GuruFocus' analysis, Xtant Medical Holdings (XTNT) is currently considered Possible Value Trap. The stock's GF Value™ is $0.53, compared to a current price of $0.31 — trading 41.1% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.02, which is near median its 10-year median of 0.02 and 99.1% below the Medical Devices & Instruments industry median of 2.31. Xtant Medical Holdings' overall GF Score™ is 23/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Xtant Medical Holdings (XTNT), the current Cyclically Adjusted PS Ratio is 0.02 as of Aug. 14, 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 Xtant Medical Holdings (XTNT) Overvalued in 2026?

Based on GuruFocus' analysis, Xtant Medical Holdings stock appears to be undervalued. The current stock price of $0.31 is trading 41.1% 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 PS Ratio: 0.02 (near median its 10-year median of 0.02)
  • GF Value™: $0.53 vs. price of $0.31 (41.1% below fair value)
  • GF Score™: 23/100 with 2 warning signs
  • Industry Position: 99.1% below the Medical Devices & Instruments median (#3 of 526)

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.
23GF Score

Get the complete analysis for XTNT

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

$0.31
Price
$0.53
GF Value