Cypherpunk Technologies (FRA:5MC) Cyclically Adjusted PB Ratio: 0.19 (As of Jul. 30, 2026) — 17% Below Median

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FRA:5MC Cypherpunk Technologies Inc FRA:5MC
40 GF Score
Price €0.50
GF Value €3.28
Valuation Possible Value Trap
! 3 Warning Signs
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What is Cypherpunk Technologies Cyclically Adjusted PB Ratio?

Cypherpunk Technologies FRA:5MC +0.40% 40 Cyclically Adjusted PB Ratio is 0.19 as of Jul. 30, 2026, which is 17% below its 10-year median of 0.23. GuruFocus rates FRA:5MC with a GF Score™ of 40/100 and a GF Value™ of €3.28 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,001 Asset Management companies, Cypherpunk Technologies ranks better than 94.51% on this metric.

As of today (2026-07-30), Cypherpunk Technologies's current share price is €0.502. Cypherpunk Technologies's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.67. Cypherpunk Technologies's Cyclically Adjusted PB Ratio for today is 0.19.

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

FRA:5MC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.03   Med: 0.23   Max: 0.9
Current: 0.14

During the past years, Cypherpunk Technologies's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.03. And the median was 0.23.

FRA:5MC's Cyclically Adjusted PB Ratio is ranked better than
94.51% of 1001 companies
in the Asset Management industry
Industry Median: 0.84 vs FRA:5MC: 0.14

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.

Cypherpunk Technologies's adjusted book value per share data for the three months ended in Mar. 2026 was €0.777. 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 €2.67 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Cypherpunk Technologies  (FRA:5MC) 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.


Cypherpunk Technologies Cyclically Adjusted PB Ratio Related Terms


Cypherpunk Technologies Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Cypherpunk 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.

Cypherpunk Technologies Cyclically Adjusted PB Ratio Chart

Cypherpunk Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.47 0.46 0.42 0.27

Cypherpunk 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 0.05 0.06 0.09 0.27 0.19

FRA:5MC vs VLT, GEG, PGZ: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Cypherpunk 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.


Cypherpunk Technologies Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Cypherpunk Technologies's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:5MC
40GF Score
Cypherpunk Technologies Inc FRA:5MC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Cypherpunk 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.502/2.67
=0.19

* 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.

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

For example, Cypherpunk 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)
=0.777/330.2130*330.2130
=0.777

Current CPI (Mar. 2026) = 330.2130.

Cypherpunk Technologies Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.052 241.018 17.882
201609 0.000 241.428 0.000
201612 -101.192 241.432 -138.403
201703 24.064 243.801 32.593
201706 17.374 244.955 23.421
201709 10.340 246.819 13.834
201712 7.606 246.524 10.188
201803 9.021 249.554 11.937
201806 7.067 251.989 9.261
201809 3.864 252.439 5.054
201812 5.486 251.233 7.211
201903 6.784 254.202 8.813
201906 4.218 256.143 5.438
201909 2.088 256.759 2.685
201912 -0.651 256.974 -0.837
202003 4.541 258.115 5.809
202006 8.891 257.797 11.389
202009 7.562 260.280 9.594
202012 6.428 260.474 8.149
202103 5.403 264.877 6.736
202106 4.157 271.696 5.052
202109 11.304 274.310 13.608
202112 10.811 278.802 12.805
202203 10.132 287.504 11.637
202206 8.924 296.311 9.945
202209 7.147 296.808 7.951
202212 5.612 296.797 6.244
202303 2.216 301.836 2.424
202306 3.035 305.109 3.285
202309 2.639 307.789 2.831
202312 2.157 306.746 2.322
202403 1.702 312.332 1.799
202406 1.597 314.175 1.679
202409 1.153 315.301 1.208
202412 0.873 315.605 0.913
202503 0.465 319.799 0.480
202506 0.120 322.561 0.123
202509 0.055 324.800 0.056
202512 1.563 324.054 1.593
202603 0.777 330.213 0.777

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 0.19 mean?
Cypherpunk Technologies (FRA:5MC) has a Cyclically Adjusted PB Ratio of 0.19 as of Jul. 30, 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 Cypherpunk Technologies and its competitors. This is 17% below median its historical median of 0.23. Over the past decade, Cypherpunk Technologies' Cyclically Adjusted PB Ratio has ranged from 0.03 to 0.90. According to the industry distribution chart, Cypherpunk Technologies ranks #55 out of 1001 companies in the Asset Management industry, placing it in the top 5.5%.
Is Cypherpunk Technologies' Cyclically Adjusted PB Ratio too high?
Cypherpunk Technologies' current Cyclically Adjusted PB Ratio of 0.19 is 17% below median its 10-year median of 0.23. Over the past 10 years, this metric has ranged from a low of 0.03 to a high of 0.90. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.84. Cypherpunk Technologies' value of 0.19 is 77.4% below this industry median. Based on the distribution chart, Cypherpunk Technologies ranks #55 out of 1001 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Cypherpunk Technologies has a GF Score™ of 40/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Cypherpunk Technologies' Cyclically Adjusted PB Ratio compare to VLT and GEG?
According to the Asset Management industry distribution chart, Cypherpunk Technologies ranks #55 out of 1001 companies for Cyclically Adjusted PB Ratio. This places Cypherpunk Technologies in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.84. Cypherpunk Technologies' value of 0.19 is 77.4% below this benchmark. Historically, Cypherpunk Technologies' own Cyclically Adjusted PB Ratio has ranged from 0.03 to 0.90 over the past decade. While the company's 10-year median is 0.23 vs. the industry median of 0.84, Cypherpunk 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.84, based on 1,001 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. Cypherpunk Technologies's current Cyclically Adjusted PB Ratio of 0.19 is 77.4% 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 Cypherpunk Technologies and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.84 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cypherpunk Technologies's current Cyclically Adjusted PB Ratio is 0.19, which is 17% below median its own 10-year median of 0.23. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cypherpunk Technologies stock overvalued right now?
Based on GuruFocus' analysis, Cypherpunk Technologies (FRA:5MC) is currently considered Possible Value Trap. The stock's GF Value™ is €3.28, compared to a current price of €0.50 — trading 84.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.19, which is 17% below median its 10-year median of 0.23 and 77.4% below the Asset Management industry median of 0.84. Cypherpunk Technologies' overall GF Score™ is 40/100 with 3 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 Cypherpunk Technologies (FRA:5MC), the current Cyclically Adjusted PB Ratio is 0.19 as of Jul. 30, 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 Cypherpunk Technologies (FRA:5MC) Overvalued in 2026?

Based on GuruFocus' analysis, Cypherpunk Technologies stock appears to be undervalued. The current stock price of €0.50 is trading 84.7% below its estimated GF Value™ of €3.28. GuruFocus considers Cypherpunk Technologies to be Possible Value Trap.

Key valuation signals for FRA:5MC:

  • Cyclically Adjusted PB Ratio: 0.19 (17% below median its 10-year median of 0.23)
  • GF Value™: €3.28 vs. price of €0.50 (84.7% below fair value)
  • GF Score™: 40/100 with 3 warning signs
  • Industry Position: 77.4% below the Asset Management median (#55 of 1001)

No single metric tells the full story. See the FRA:5MC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Cypherpunk Technologies Business Description

Other Exchanges CYPH:USA5MC:Germany
Address 47 Thorndike Street, Suite B1-1, Cambridge, MA, USA, 02141
Cypherpunk Technologies Inc is a privacy technology company focused on implementing a digital asset treasury business anchored by Zcash, which is a cryptographic digital asset that operates on a decentralized, open-source blockchain network known as the Zcash Network. Through its subsidiary, the company is also engaged in developing novel therapies for patients with cancer. The group holds Zcash as part of its digital treasury business and has the following drug candidates under development in its biopharma business: Sirexatamab (DKN-01), a monoclonal antibody that inhibits Dickkopf-related protein 1, or DKK1; and a preclinical antibody program, FL-501, that is designed to treat cachexia-related indications.
40GF Score

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

€0.50
Price
€3.28
GF Value