Sygnity (FRA:CPN) Cyclically Adjusted PB Ratio: 6.03 (As of Jul. 28, 2026) — 570% Above Median

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.
Reviewed by: Charlie Tian Charlie Tian
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:CPN Sygnity SA FRA:CPN
88 GF Score
Price €16.10
GF Value €22.22
Valuation Modestly Undervalued
! 1 Warning Sign
View Full Analysis

What is Sygnity Cyclically Adjusted PB Ratio?

Sygnity FRA:CPN -2.78% 88 Cyclically Adjusted PB Ratio is 6.03 as of Jul. 28, 2026, which is 570% above its 10-year median of 0.90. GuruFocus rates FRA:CPN with a GF Score™ of 88/100 and a GF Value™ of €22.22 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,587 Software companies, Sygnity ranks worse than 81.66% on this metric.

As of today (2026-07-28), Sygnity's current share price is €16.10. Sygnity's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €2.67. Sygnity's Cyclically Adjusted PB Ratio for today is 6.03.

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

FRA:CPN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.11   Med: 0.9   Max: 9.32
Current: 6.21

During the past years, Sygnity's highest Cyclically Adjusted PB Ratio was 9.32. The lowest was 0.11. And the median was 0.90.

FRA:CPN's Cyclically Adjusted PB Ratio is ranked worse than
81.66% of 1587 companies
in the Software industry
Industry Median: 2.24 vs FRA:CPN: 6.21

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.

Sygnity's adjusted book value per share data for the three months ended in Mar. 2026 was €3.814. 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


Sygnity  (FRA:CPN) 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.


Sygnity Cyclically Adjusted PB Ratio Related Terms


Sygnity Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sygnity'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.

Sygnity Cyclically Adjusted PB Ratio Chart

Sygnity Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.15 0.55 0.77 1.64 5.46

Sygnity Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 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 6.03 9.16 8.09 7.59 5.87

FRA:CPN vs IBM, ACN, FISV: Cyclically Adjusted PB Ratio Comparison

For the Information Technology Services subindustry, Sygnity'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.


Sygnity Cyclically Adjusted PB Ratio vs Software Industry

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

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


FRA:CPN
88GF Score
Sygnity SA FRA:CPN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sygnity 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.

Sygnity's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.10/2.67
=6.03

* 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.

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

For example, Sygnity'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)
=3.814/163.0700*163.0700
=3.814

Current CPI (Mar. 2026) = 163.0700.

Sygnity Quarterly Data

Book Value per Share CPI Adj_Book
201512 4.481 99.471 7.346
201603 4.507 98.983 7.425
201606 4.472 99.552 7.325
201609 3.181 99.064 5.236
201612 4.308 100.366 6.999
201703 2.531 101.018 4.086
201706 2.465 101.180 3.973
201709 0.699 101.343 1.125
201712 0.812 102.564 1.291
201803 0.770 102.564 1.224
201806 0.663 103.378 1.046
201809 0.502 103.378 0.792
201812 0.615 103.785 0.966
201903 0.659 104.274 1.031
201906 0.706 105.983 1.086
201909 0.666 105.983 1.025
201912 0.754 107.123 1.148
202003 0.796 109.076 1.190
202006 0.881 109.402 1.313
202009 0.969 109.320 1.445
202012 1.239 109.565 1.844
202103 1.302 112.658 1.885
202106 1.366 113.960 1.955
202109 1.456 115.588 2.054
202112 1.491 119.088 2.042
202203 1.604 125.031 2.092
202206 1.660 131.705 2.055
202209 1.703 135.531 2.049
202212 1.811 139.113 2.123
202303 1.860 145.950 2.078
202306 1.922 147.009 2.132
202403 2.288 149.044 2.503
202406 2.366 150.997 2.555
202409 2.501 153.439 2.658
202412 2.851 154.660 3.006
202503 2.944 157.021 3.057
202506 3.143 157.509 3.254
202509 3.324 158.000 3.431
202512 3.658 158.320 3.768
202603 3.814 163.070 3.814

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 6.03 mean?
Sygnity (FRA:CPN) has a Cyclically Adjusted PB Ratio of 6.03 as of Jul. 28, 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 Sygnity and its competitors. This is 570% above median its historical median of 0.90. Over the past decade, Sygnity's Cyclically Adjusted PB Ratio has ranged from 0.11 to 9.32. According to the industry distribution chart, Sygnity ranks #1296 out of 1587 companies in the Software industry, placing it in the top 81.7%.
Is Sygnity's Cyclically Adjusted PB Ratio too high?
Sygnity's current Cyclically Adjusted PB Ratio of 6.03 is 570% above median its 10-year median of 0.90. Over the past 10 years, this metric has ranged from a low of 0.11 to a high of 9.32. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Sygnity's value of 6.03 is 169.2% above this industry median. Based on the distribution chart, Sygnity ranks #1296 out of 1587 companies in the Software industry, which is in the bottom quartile relative to peers. Overall, Sygnity has a GF Score™ of 88/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Sygnity's Cyclically Adjusted PB Ratio compare to IBM and ACN?
According to the Software industry distribution chart, Sygnity ranks #1296 out of 1587 companies for Cyclically Adjusted PB Ratio. This places Sygnity in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Sygnity's value of 6.03 is 169.2% above this benchmark. Historically, Sygnity's own Cyclically Adjusted PB Ratio has ranged from 0.11 to 9.32 over the past decade. While the company's 10-year median is 0.90 vs. the industry median of 2.24, Sygnity has consistently been above 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 2.24, based on 1,587 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. Sygnity's current Cyclically Adjusted PB Ratio of 6.03 is 169.2% above 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 Sygnity and its competitors. For the Software industry, the median Cyclically Adjusted PB Ratio is 2.24 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Sygnity's current Cyclically Adjusted PB Ratio is 6.03, which is 570% above median its own 10-year median of 0.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sygnity stock overvalued right now?
Based on GuruFocus' analysis, Sygnity (FRA:CPN) is currently considered Modestly Undervalued. The stock's GF Value™ is €22.22, compared to a current price of €16.10 — trading 27.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 6.03, which is 570% above median its 10-year median of 0.90 and 169.2% above the Software industry median of 2.24. Sygnity's overall GF Score™ is 88/100 with 1 warning sign 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 Sygnity (FRA:CPN), the current Cyclically Adjusted PB Ratio is 6.03 as of Jul. 28, 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 Sygnity (FRA:CPN) Overvalued in 2026?

Based on GuruFocus' analysis, Sygnity stock appears to be undervalued. The current stock price of €16.10 is trading 27.5% below its estimated GF Value™ of €22.22. GuruFocus considers Sygnity to be Modestly Undervalued.

Key valuation signals for FRA:CPN:

  • Cyclically Adjusted PB Ratio: 6.03 (570% above median its 10-year median of 0.90)
  • GF Value™: €22.22 vs. price of €16.10 (27.5% below fair value)
  • GF Score™: 88/100 with 1 warning sign
  • Industry Position: 169.2% above the Software median (#1296 of 1587)

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


Sygnity Business Description

Other Exchanges SGN:Poland
Address ul. Postepu 17B, Warszawa, POL, 02-676
Sygnity SA is an IT consulting company. The company serves banking; capital markets; energy; utility; retail and other industries. It generates revenue from Licences and software; Implementation services and Maintenance services.
88GF Score

Get the complete analysis for FRA:CPN

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

€16.10
Price
€22.22
GF Value