Surgepays (FRA:9B90) Cyclically Adjusted PB Ratio: (As of Aug. 09, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
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:9B90 Surgepays Inc FRA:9B90
32 GF Score
Price €0.27
GF Value €1.15
Valuation Possible Value Trap
! 5 Warning Signs
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What is Surgepays Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Surgepays  (FRA:9B90) 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.


Surgepays Cyclically Adjusted PB Ratio Related Terms


Surgepays Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Surgepays'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.

Surgepays Cyclically Adjusted PB Ratio Chart

Surgepays 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 0.00 0.00

Surgepays 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 0.00 0.00 0.00 0.00 0.00

FRA:9B90 vs IQST, HMMR, KTEL: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, Surgepays'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.


Surgepays Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Surgepays's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


FRA:9B90
32GF Score
Surgepays Inc FRA:9B90
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Surgepays 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.

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

For example, Surgepays'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)
=-0.851/330.2130*330.2130
=-0.851

Current CPI (Mar. 2026) = 330.2130.

Surgepays Quarterly Data

Book Value per Share CPI Adj_Book
201606 -0.860 241.018 -1.178
201609 -1.180 241.428 -1.614
201612 -1.508 241.432 -2.063
201703 -0.407 243.801 -0.551
201706 -0.329 244.955 -0.444
201709 -0.351 246.819 -0.470
201712 -0.297 246.524 -0.398
201803 0.420 249.554 0.556
201806 -2.205 251.989 -2.889
201809 -1.995 252.439 -2.610
201812 -0.999 251.233 -1.313
201903 -0.930 254.202 -1.208
201906 -0.830 256.143 -1.070
201909 -0.756 256.759 -0.972
201912 -2.076 256.974 -2.668
202003 -2.973 258.115 -3.803
202006 -2.744 257.797 -3.515
202009 -3.258 260.280 -4.133
202012 -3.468 260.474 -4.397
202103 -2.955 264.877 -3.684
202106 -2.402 271.696 -2.919
202109 -2.730 274.310 -3.286
202112 0.261 278.802 0.309
202203 0.180 287.504 0.207
202206 0.163 296.311 0.182
202209 0.052 296.808 0.058
202212 0.334 296.797 0.372
202303 0.649 301.836 0.710
202306 1.060 305.109 1.147
202309 1.548 307.789 1.661
202312 1.799 306.746 1.937
202403 2.653 312.332 2.805
202406 2.207 314.175 2.320
202409 1.520 315.301 1.592
202412 0.729 315.605 0.763
202503 0.361 319.799 0.373
202506 0.005 322.561 0.005
202509 -0.270 324.800 -0.274
202512 -0.620 324.054 -0.632
202603 -0.851 330.213 -0.851

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.

Is Surgepays (FRA:9B90) Overvalued in 2026?

Based on GuruFocus' analysis, Surgepays stock appears to be undervalued. The current stock price of €0.27 is trading 76.5% below its estimated GF Value™ of €1.15. GuruFocus considers Surgepays to be Possible Value Trap.

Key valuation signals for FRA:9B90:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €1.15 vs. price of €0.27 (76.5% below fair value)
  • GF Score™: 32/100 with 5 warning signs

No single metric tells the full story. See the FRA:9B90 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Surgepays Business Description

Other Exchanges SURG:USA9B90:Germany
Address 3124 Brother Boulevard, Suite 104, Bartlett, TN, USA, 38133
Surgepays Inc is a wireless and point of sale technology company focused on serving underserved and value-conscious consumers through a combination of retail distribution and digital acquisition channels. It provides mobile connectivity, financial technology services, and transaction processing solutions through an integrated platform that combines wireless services with point of sale software and retail distribution. It enables in-store and online activation of wireless services, prepaid top-ups, and financial transactions, allowing consumers to access essential services in both local and digital environments. Its segments are wireless services or MVNO Telecommunications, platform services or MVNE Enablement Platform (HERO), and wholesale enablement or Comprehensive Platform Services.
32GF Score

Get the complete analysis for FRA:9B90

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

€0.27
Price
€1.15
GF Value