Synthetic MR AB (FRA:9480) Cyclically Adjusted PB Ratio: 0.27 (As of Aug. 13, 2026) — 89% Below Median

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Director of Data and Quant Analytics at GuruFocus
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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.

FRA:9480 Synthetic MR AB FRA:9480
63 GF Score
Price €0.02
GF Value €0.26
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Synthetic MR AB Cyclically Adjusted PB Ratio?

Synthetic MR AB FRA:9480 -9.77% 63 Cyclically Adjusted PB Ratio is 0.27 as of Aug. 13, 2026, which is 89% below its 10-year median of 2.47. GuruFocus rates FRA:9480 with a GF Score™ of 63/100 and a GF Value™ of €0.26 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 349 Healthcare Providers & Services companies, Synthetic MR AB ranks better than 86.53% on this metric.

As of today (2026-08-13), Synthetic MR AB's current share price is €0.024. Synthetic MR AB's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €0.09. Synthetic MR AB's Cyclically Adjusted PB Ratio for today is 0.27.

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

FRA:9480' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.39   Med: 2.47   Max: 21.36
Current: 0.43

During the past years, Synthetic MR AB's highest Cyclically Adjusted PB Ratio was 21.36. The lowest was 0.39. And the median was 2.47.

FRA:9480's Cyclically Adjusted PB Ratio is ranked better than
86.53% of 349 companies
in the Healthcare Providers & Services industry
Industry Median: 1.91 vs FRA:9480: 0.43

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.

Synthetic MR AB's adjusted book value per share data for the three months ended in Mar. 2026 was €0.136. 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 €0.09 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Synthetic MR AB  (FRA:9480) 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.


Synthetic MR AB Cyclically Adjusted PB Ratio Related Terms


Synthetic MR AB Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Synthetic MR AB'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.

Synthetic MR AB Cyclically Adjusted PB Ratio Chart

Synthetic MR AB 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 0.00 0.00 2.93 0.82

Synthetic MR AB 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 2.57 2.23 1.53 0.82 0.57

FRA:9480 vs VEEV, BTSG, HQY: Cyclically Adjusted PB Ratio Comparison

For the Health Information Services subindustry, Synthetic MR AB'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.


Synthetic MR AB Cyclically Adjusted PB Ratio vs Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Synthetic MR AB's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Synthetic MR AB's Cyclically Adjusted PB Ratio falls into.


FRA:9480
63GF Score
Synthetic MR AB FRA:9480
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Synthetic MR AB 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.

Synthetic MR AB's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.024/0.09
=0.27

* 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.

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

For example, Synthetic MR AB'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)
=0.136/133.5600*133.5600
=0.136

Current CPI (Mar. 2026) = 133.5600.

Synthetic MR AB Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.046 101.019 0.061
201609 0.000 101.138 0.000
201612 0.053 102.022 0.069
201703 0.060 102.022 0.079
201706 0.059 102.752 0.077
201709 0.064 103.279 0.083
201712 0.070 103.793 0.090
201803 0.073 103.962 0.094
201806 0.079 104.875 0.101
201809 0.086 105.679 0.109
201812 0.097 105.912 0.122
201903 0.100 105.886 0.126
201906 0.091 106.742 0.114
201909 0.096 107.214 0.120
201912 0.090 107.766 0.112
202003 0.089 106.563 0.112
202006 0.086 107.498 0.107
202009 0.086 107.635 0.107
202012 0.081 108.296 0.100
202103 0.087 108.360 0.107
202106 0.087 108.928 0.107
202109 0.091 110.338 0.110
202112 0.097 112.486 0.115
202203 0.088 114.825 0.102
202206 0.203 118.384 0.229
202209 0.207 122.296 0.226
202212 0.205 126.365 0.217
202303 0.196 127.042 0.206
202306 0.195 129.407 0.201
202309 0.200 130.224 0.205
202312 0.219 131.912 0.222
202403 0.223 132.205 0.225
202406 0.211 132.716 0.212
202409 0.198 132.304 0.200
202412 0.185 132.987 0.186
202503 0.203 132.825 0.204
202506 0.190 133.699 0.190
202509 0.154 133.480 0.154
202512 0.152 133.390 0.152
202603 0.136 133.560 0.136

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 0.27 mean?
Synthetic MR AB (FRA:9480) has a Cyclically Adjusted PB Ratio of 0.27 as of Aug. 13, 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 Synthetic MR AB and its competitors. This is 89% below median its historical median of 2.47. Over the past decade, Synthetic MR AB's Cyclically Adjusted PB Ratio has ranged from 0.39 to 21.36. According to the industry distribution chart, Synthetic MR AB ranks #47 out of 349 companies in the Healthcare Providers & Services industry, placing it in the top 13.5%.
Is Synthetic MR AB's Cyclically Adjusted PB Ratio too high?
Synthetic MR AB's current Cyclically Adjusted PB Ratio of 0.27 is 89% below median its 10-year median of 2.47. Over the past 10 years, this metric has ranged from a low of 0.39 to a high of 21.36. The Healthcare Providers & Services industry median Cyclically Adjusted PB Ratio is 1.91. Synthetic MR AB's value of 0.27 is 85.9% below this industry median. Based on the distribution chart, Synthetic MR AB ranks #47 out of 349 companies in the Healthcare Providers & Services industry, which is in the top quartile — a strong position relative to peers. Overall, Synthetic MR AB has a GF Score™ of 63/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Synthetic MR AB's Cyclically Adjusted PB Ratio compare to VEEV and BTSG?
According to the Healthcare Providers & Services industry distribution chart, Synthetic MR AB ranks #47 out of 349 companies for Cyclically Adjusted PB Ratio. This places Synthetic MR AB in the top 14% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.91. Synthetic MR AB's value of 0.27 is 85.9% below this benchmark. Historically, Synthetic MR AB's own Cyclically Adjusted PB Ratio has ranged from 0.39 to 21.36 over the past decade. While the company's 10-year median is 2.47 vs. the industry median of 1.91, Synthetic MR AB 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 Healthcare Providers & Services company?
The median Cyclically Adjusted PB Ratio among Healthcare Providers & Services companies is 1.91, based on 349 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. Synthetic MR AB's current Cyclically Adjusted PB Ratio of 0.27 is 85.9% 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 Synthetic MR AB and its competitors. For the Healthcare Providers & Services industry, the median Cyclically Adjusted PB Ratio is 1.91 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synthetic MR AB's current Cyclically Adjusted PB Ratio is 0.27, which is 89% below median its own 10-year median of 2.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synthetic MR AB stock overvalued right now?
Based on GuruFocus' analysis, Synthetic MR AB (FRA:9480) is currently considered Possible Value Trap. The stock's GF Value™ is €0.26, compared to a current price of €0.02 — trading 90.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.27, which is 89% below median its 10-year median of 2.47 and 85.9% below the Healthcare Providers & Services industry median of 1.91. Synthetic MR AB's overall GF Score™ is 63/100 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 Synthetic MR AB (FRA:9480), the current Cyclically Adjusted PB Ratio is 0.27 as of Aug. 13, 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 Synthetic MR AB (FRA:9480) Overvalued in 2026?

Based on GuruFocus' analysis, Synthetic MR AB stock appears to be undervalued. The current stock price of €0.02 is trading 90.8% below its estimated GF Value™ of €0.26. GuruFocus considers Synthetic MR AB to be Possible Value Trap.

Key valuation signals for FRA:9480:

  • Cyclically Adjusted PB Ratio: 0.27 (89% below median its 10-year median of 2.47)
  • GF Value™: €0.26 vs. price of €0.02 (90.8% below fair value)
  • GF Score™: 63/100 with 3 warning signs
  • Industry Position: 85.9% below the Healthcare Providers & Services median (#47 of 349)

No single metric tells the full story. See the FRA:9480 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Synthetic MR AB Business Description

Other Exchanges SYNT:Sweden9480:Germany
Address Storgatan 11, Linkoping, SWE, SE-582 23
Synthetic MR AB develops and markets software solutions that improve the efficiency of neuroimaging processes and diagnostic accuracy. SyntheticMR's SyMRI solution measures the brain's absolute tissue properties and generates multiple contrast-weighted images, performs automatic segmentation of biomarkers, and delivers quantitative data in a single rapid examination. Combinostics offers the AI-driven cNeuro product family, which helps clinicians make a difference in the lives of patients with neurological diseases. Geographically, the group operates in America, Europe, and APAC. The majority of its revenue is generated from Europe.
63GF Score

Get the complete analysis for FRA:9480

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

€0.02
Price
€0.26
GF Value