Sangoma Technologies (FRA:54GA) Cyclically Adjusted PB Ratio: 0.45 (As of Aug. 10, 2026) — 59% Below Median

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FRA:54GA Sangoma Technologies Corp FRA:54GA
69 GF Score
Price €3.36
GF Value €3.57
! 2 Warning Signs
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What is Sangoma Technologies Cyclically Adjusted PB Ratio?

Sangoma Technologies FRA:54GA +0.60% 69 Cyclically Adjusted PB Ratio is 0.45 as of Aug. 10, 2026, which is 59% below its 10-year median of 1.09. GuruFocus rates FRA:54GA with a GF Score™ of 69/100 and a GF Value™ of €3.57. The stock has 2 warning signs investors should review. Among 1,558 Software companies, Sangoma Technologies ranks better than 87.8% on this metric.

As of today (2026-08-10), Sangoma Technologies's current share price is €3.36. Sangoma Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €7.39. Sangoma Technologies's Cyclically Adjusted PB Ratio for today is 0.45.

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

FRA:54GA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.33   Med: 1.09   Max: 6.64
Current: 0.46

During the past years, Sangoma Technologies's highest Cyclically Adjusted PB Ratio was 6.64. The lowest was 0.33. And the median was 1.09.

FRA:54GA's Cyclically Adjusted PB Ratio is ranked better than
87.8% of 1558 companies
in the Software industry
Industry Median: 2.31 vs FRA:54GA: 0.46

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.

Sangoma Technologies's adjusted book value per share data for the three months ended in Mar. 2026 was €6.457. 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 €7.39 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sangoma Technologies  (FRA:54GA) 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.


Sangoma Technologies Cyclically Adjusted PB Ratio Related Terms


Sangoma Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sangoma Technologies'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.

Sangoma Technologies Cyclically Adjusted PB Ratio Chart

Sangoma Technologies Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.54 1.26 0.51 0.63 0.74

Sangoma Technologies 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 0.58 0.74 0.59 0.59 0.45

FRA:54GA vs MSFT, ORCL, PLTR: Cyclically Adjusted PB Ratio Comparison

For the Software - Infrastructure subindustry, Sangoma Technologies'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.


Sangoma Technologies Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Sangoma Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:54GA
69GF Score
Sangoma Technologies Corp FRA:54GA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sangoma Technologies 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.

Sangoma Technologies's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.36/7.39
=0.45

* 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.

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

For example, Sangoma Technologies'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)
=6.457/132.2623*132.2623
=6.457

Current CPI (Mar. 2026) = 132.2623.

Sangoma Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 2.702 102.002 3.504
201609 2.692 101.765 3.499
201612 2.864 101.449 3.734
201703 2.894 102.634 3.729
201706 2.848 103.029 3.656
201709 2.888 103.345 3.696
201712 2.945 103.345 3.769
201803 3.168 105.004 3.990
201806 3.393 105.557 4.251
201809 3.535 105.636 4.426
201812 3.429 105.399 4.303
201903 3.642 106.979 4.503
201906 3.727 107.690 4.577
201909 4.579 107.611 5.628
201912 4.560 107.769 5.596
202003 4.348 107.927 5.328
202006 4.483 108.401 5.470
202009 6.085 108.164 7.441
202012 5.931 108.559 7.226
202103 15.974 110.298 19.155
202106 16.413 111.720 19.431
202109 16.802 112.905 19.683
202112 17.479 113.774 20.319
202203 17.303 117.646 19.453
202206 12.964 120.806 14.193
202209 13.281 120.648 14.560
202212 11.860 120.964 12.968
202303 11.303 122.702 12.184
202306 7.435 124.203 7.917
202309 7.461 125.230 7.880
202312 7.192 125.072 7.605
202403 7.201 126.258 7.543
202406 7.237 127.522 7.506
202409 6.937 127.285 7.208
202412 7.315 127.364 7.596
202503 7.021 129.181 7.188
202506 6.626 129.892 6.747
202509 6.427 130.287 6.524
202512 6.432 130.366 6.526
202603 6.457 132.262 6.457

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 0.45 mean?
Sangoma Technologies (FRA:54GA) has a Cyclically Adjusted PB Ratio of 0.45 as of Aug. 10, 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 Sangoma Technologies and its competitors. This is 59% below median its historical median of 1.09. Over the past decade, Sangoma Technologies' Cyclically Adjusted PB Ratio has ranged from 0.33 to 6.64. According to the industry distribution chart, Sangoma Technologies ranks #190 out of 1558 companies in the Software industry, placing it in the top 12.2%.
Is Sangoma Technologies' Cyclically Adjusted PB Ratio too high?
Sangoma Technologies' current Cyclically Adjusted PB Ratio of 0.45 is 59% below median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 6.64. The Software industry median Cyclically Adjusted PB Ratio is 2.31. Sangoma Technologies' value of 0.45 is 80.5% below this industry median. Based on the distribution chart, Sangoma Technologies ranks #190 out of 1558 companies in the Software industry, which is in the top quartile — a strong position relative to peers. Overall, Sangoma Technologies has a GF Score™ of 69/100, reflecting its overall financial health beyond just this single metric.
How does Sangoma Technologies' Cyclically Adjusted PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Sangoma Technologies ranks #190 out of 1558 companies for Cyclically Adjusted PB Ratio. This places Sangoma Technologies in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 2.31. Sangoma Technologies' value of 0.45 is 80.5% below this benchmark. Historically, Sangoma Technologies' own Cyclically Adjusted PB Ratio has ranged from 0.33 to 6.64 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 2.31, Sangoma Technologies 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.31, based on 1,558 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. Sangoma Technologies's current Cyclically Adjusted PB Ratio of 0.45 is 80.5% 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 Sangoma Technologies and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sangoma Technologies's current Cyclically Adjusted PB Ratio is 0.45, which is 59% below median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sangoma Technologies stock overvalued right now?
Sangoma Technologies (FRA:54GA) has a current Cyclically Adjusted PB Ratio of 0.45. The stock's GF Value™ is €3.57, compared to a current price of €3.36 — trading 5.9% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.45, which is 59% below median its 10-year median of 1.09 and 80.5% below the Software industry median of 2.31. Sangoma Technologies' overall GF Score™ is 69/100 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 Sangoma Technologies (FRA:54GA), the current Cyclically Adjusted PB Ratio is 0.45 as of Aug. 10, 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 Sangoma Technologies (FRA:54GA) Overvalued in 2026?

Based on GuruFocus' analysis, Sangoma Technologies stock appears to be undervalued. The current stock price of €3.36 is trading 5.9% below its estimated GF Value™ of €3.57.

Key valuation signals for FRA:54GA:

  • Cyclically Adjusted PB Ratio: 0.45 (59% below median its 10-year median of 1.09)
  • GF Value™: €3.57 vs. price of €3.36 (5.9% below fair value)
  • GF Score™: 69/100 with 2 warning signs
  • Industry Position: 80.5% below the Software median (#190 of 1558)

No single metric tells the full story. See the FRA:54GA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Sangoma Technologies Business Description

Other Exchanges SANG:USASTC:Canada
Address 333 Bay Street, Bay-Adelaide Centre, Suite 3400, Toronto, ON, CAN, M5H 2S7
Sangoma Technologies Corp is a provider of hardware and software components that enable or enhance Internet Protocol Communications Systems for both telecom and datacom applications. It is engaged in the development, manufacturing, distribution, and support of voice and data connectivity components for software-based communication applications. Its product includes data and telecom boards for media and signal processing, as well as gateway appliances and software. The Company sells into two geographic centers: USA and Other countries. Key revenue is generated from USA.
69GF Score

Get the complete analysis for FRA:54GA

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

€3.36
Price
€3.57
GF Value