Shares of Xponential Fitness Inc. ($XPOF) are currently trading at $17, maintaining this price for the past two weeks. Recent analysis suggests that the company, which is the world's largest boutique fitness franchisor, is undervalued compared to its closest competitor, Planet Fitness Inc. ($PLNT). A report from Bristlemoon highlights that $XPOF trades at less than half the multiple of $PLNT, despite historically achieving faster growth. Additionally, a new pitch by InflexioSearch indicates that $XPOF is trading at 11 times its expected earnings per share (EPS) for 2025, with projected double-digit growth in royalties and visibility into over four years of growth. This follows a recent decline in stock value attributed to a short report, but sentiment is shifting positively following a complete refresh of the company's board and executive team.