XP (MEX:XP N) ROE % Adjusted to Book Value: 0.00% (As of Mar. 2026)

XP MEX:XP N 58 ROE % Adjusted to Book Value is 0.00% as of Mar. 2026. GuruFocus rates MEX:XP N with a GF Score™ of 58/100 and a GF Value™ of MXN680.19 (Possible Value Trap). The stock has 6 warning signs investors should review.

XP's ROE % for the quarter that ended in Mar. 2026 was 23.39%. XP's PB Ratio for the quarter that ended in Mar. 2026 was N/A. XP's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was N/A.

XP ROE % Adjusted to Book Value Related Terms

XP ROE % Adjusted to Book Value Historical Data

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The historical data trend for XP's ROE % Adjusted to Book Value 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.

XP ROE % Adjusted to Book Value Chart

XP Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

ROE % Adjusted to Book Value

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3.74

7.80

6.28

8.35

10.96

XP Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
ROE % Adjusted to Book Value	Get a 7-Day Free Trial															12.14	10.83	11.42	10.12	0.00

MEX:XP N vs SNEX, FIGR, HLI: ROE % Adjusted to Book Value Comparison

For the Capital Markets subindustry, XP's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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.

XP ROE % Adjusted to Book Value vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, XP's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where XP's ROE % Adjusted to Book Value falls into.

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58GF Score

XP Inc MEX:XP N

ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.

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XP ROE % Adjusted to Book Value Calculation

XP's ROE % Adjusted to Book Value for the fiscal year that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	23.34%	/	2.13
	=	10.96%

XP's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value	=	ROE %	/	PB Ratio
	=	23.39%	/	N/A
	=	N/A

Frequently Asked Questions Learn more about ROE % Adjusted to Book Value →

What does a ROE % Adjusted to Book Value of 0.00% mean?

XP (MEX:XP N) has a ROE % Adjusted to Book Value of 0.00% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on XP and its competitors.

Is XP's ROE % Adjusted to Book Value too high?

XP's current ROE % Adjusted to Book Value is 0.00%. Overall, XP has a GF Score™ of 58/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.

How does XP's ROE % Adjusted to Book Value compare to SNEX and FIGR?

XP's ROE % Adjusted to Book Value of 0.00% can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good ROE % Adjusted to Book Value for a Capital Markets company?

A good ROE % Adjusted to Book Value depends on the Capital Markets industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high ROE % Adjusted to Book Value mean?

A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on XP and its competitors. XP's current ROE % Adjusted to Book Value is 0.00%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is XP stock overvalued right now?

Based on GuruFocus' analysis, XP (MEX:XP N) is currently considered Possible Value Trap. The stock's GF Value™ is MXN680.19, compared to a current price of MXN315.00 — trading 53.7% below its estimated fair value. The current ROE % Adjusted to Book Value is 0.00%. XP's overall GF Score™ is 58/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is ROE % Adjusted to Book Value calculated?

ROE % Adjusted to Book Value is calculated from a company's financial statements. For XP (MEX:XP N), the current ROE % Adjusted to Book Value is 0.00% as of Mar. 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 XP (MEX:XP N) Overvalued in 2026?

Based on GuruFocus' analysis, XP stock appears to be undervalued. The current stock price of MXN315.00 is trading 53.7% below its estimated GF Value™ of MXN680.19. GuruFocus considers XP to be Possible Value Trap.

Key valuation signals for MEX:XP N:

ROE % Adjusted to Book Value: 0.00%
GF Value™: MXN680.19 vs. price of MXN315.00 (53.7% below fair value)
GF Score™: 58/100 with 6 warning signs

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

XP Business Description

Industry Financial Services Capital Markets

Comparable Companies SNEX FIGR HLI RIOT SF JEF BMNR GLXY MARA PIPR MS GS SCHW HOOD ASX:MQG SHSE:600030 BSP:BPAC3 SZSE:300059 IBKR SHSE:601211

Other Exchanges XP:USA 1XP:Italy XP9:Germany XPBR31:Brazil

Address 20, Genesis Close, George Town, Vila Olimpia, Grand Cayman, CYM, KY-1-1208

Website https://www.xpinc.com

XP Inc is a Cayman Island-based technology-driven financial services platform. It is a provider of low-fee financial products and services in Brazil. The company evaluates its business through a single segment such as monitoring operations, making decisions on fund allocation, and evaluating the performance. It generates revenue through the Brokerage commission. Geographically, the company derives maximum revenue from Brazil and also has its presence in other countries.

58GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN315.00

Price

MXN680.19

GF Value

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