Syzygy AG (HAM:SYZ) Cyclically Adjusted PB Ratio: 0.32 (As of Jul. 31, 2026) — 76% Below 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.

HAM:SYZ Syzygy AG HAM:SYZ
52 GF Score
Price €1.24
GF Value €2.19
Valuation Possible Value Trap
! 4 Warning Signs
View Full Analysis

What is Syzygy AG Cyclically Adjusted PB Ratio?

Syzygy AG HAM:SYZ +2.92% 52 Cyclically Adjusted PB Ratio is 0.32 as of Jul. 31, 2026, which is 76% below its 10-year median of 1.36. GuruFocus rates HAM:SYZ with a GF Score™ of 52/100 and a GF Value™ of €2.19 (Possible Value Trap). The stock has 4 warning signs investors should review. Among 705 Media - Diversified companies, Syzygy AG ranks better than 82.7% on this metric.

As of today (2026-07-31), Syzygy AG's current share price is €1.235. Syzygy AG's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €3.92. Syzygy AG's Cyclically Adjusted PB Ratio for today is 0.32.

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

HAM:SYZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.3   Med: 1.36   Max: 3.06
Current: 0.3

During the past years, Syzygy AG's highest Cyclically Adjusted PB Ratio was 3.06. The lowest was 0.30. And the median was 1.36.

HAM:SYZ's Cyclically Adjusted PB Ratio is ranked better than
82.7% of 705 companies
in the Media - Diversified industry
Industry Median: 0.96 vs HAM:SYZ: 0.30

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.

Syzygy AG's adjusted book value per share data for the three months ended in Mar. 2026 was €1.302. 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 €3.92 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Syzygy AG  (HAM:SYZ) 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.


Syzygy AG Cyclically Adjusted PB Ratio Related Terms


Syzygy AG Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Syzygy AG'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.

Syzygy AG Cyclically Adjusted PB Ratio Chart

Syzygy AG 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 1.50 1.16 0.72 0.61 0.37

Syzygy AG 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 0.59 0.59 0.45 0.37 0.32

HAM:SYZ vs APP, OMC, TTD: Cyclically Adjusted PB Ratio Comparison

For the Advertising Agencies subindustry, Syzygy AG'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.


Syzygy AG Cyclically Adjusted PB Ratio vs Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Syzygy AG's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


HAM:SYZ
52GF Score
Syzygy AG HAM:SYZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Syzygy AG 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.

Syzygy AG's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=1.235/3.92
=0.32

* 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.

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

For example, Syzygy AG'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)
=1.302/131.2583*131.2583
=1.302

Current CPI (Mar. 2026) = 131.2583.

Syzygy AG Quarterly Data

Book Value per Share CPI Adj_Book
201606 4.060 100.717 5.291
201609 3.785 101.017 4.918
201612 3.880 101.217 5.032
201703 3.994 101.417 5.169
201706 3.709 102.117 4.767
201709 3.866 102.717 4.940
201712 4.199 102.617 5.371
201803 4.256 102.917 5.428
201806 3.861 104.017 4.872
201809 3.982 104.718 4.991
201812 4.043 104.217 5.092
201903 4.187 104.217 5.273
201906 3.802 105.718 4.721
201909 3.861 106.018 4.780
201912 3.969 105.818 4.923
202003 3.895 105.718 4.836
202006 3.900 106.618 4.801
202009 3.889 105.818 4.824
202012 3.955 105.518 4.920
202103 4.058 107.518 4.954
202106 4.000 108.486 4.840
202109 4.051 109.435 4.859
202112 4.146 110.384 4.930
202203 4.197 113.968 4.834
202206 4.234 115.760 4.801
202209 4.065 118.818 4.491
202212 3.320 119.345 3.651
202303 3.393 122.402 3.638
202306 3.145 123.140 3.352
202309 2.941 124.195 3.108
202312 2.955 123.773 3.134
202403 3.043 125.038 3.194
202406 3.103 125.882 3.236
202409 3.182 126.198 3.310
202412 2.021 127.041 2.088
202503 2.009 127.779 2.064
202506 2.017 128.412 2.062
202509 1.966 129.255 1.996
202512 1.298 129.361 1.317
202603 1.302 131.258 1.302

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 0.32 mean?
Syzygy AG (HAM:SYZ) has a Cyclically Adjusted PB Ratio of 0.32 as of Jul. 31, 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 Syzygy AG and its competitors. This is 76% below median its historical median of 1.36. Over the past decade, Syzygy AG's Cyclically Adjusted PB Ratio has ranged from 0.30 to 3.06. According to the industry distribution chart, Syzygy AG ranks #122 out of 705 companies in the Media - Diversified industry, placing it in the top 17.3%.
Is Syzygy AG's Cyclically Adjusted PB Ratio too high?
Syzygy AG's current Cyclically Adjusted PB Ratio of 0.32 is 76% below median its 10-year median of 1.36. Over the past 10 years, this metric has ranged from a low of 0.30 to a high of 3.06. The Media - Diversified industry median Cyclically Adjusted PB Ratio is 0.96. Syzygy AG's value of 0.32 is 66.7% below this industry median. Based on the distribution chart, Syzygy AG ranks #122 out of 705 companies in the Media - Diversified industry, which is in the top quartile — a strong position relative to peers. Overall, Syzygy AG has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Syzygy AG's Cyclically Adjusted PB Ratio compare to APP and OMC?
According to the Media - Diversified industry distribution chart, Syzygy AG ranks #122 out of 705 companies for Cyclically Adjusted PB Ratio. This places Syzygy AG in the top 17% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.96. Syzygy AG's value of 0.32 is 66.7% below this benchmark. Historically, Syzygy AG's own Cyclically Adjusted PB Ratio has ranged from 0.30 to 3.06 over the past decade. While the company's 10-year median is 1.36 vs. the industry median of 0.96, Syzygy AG 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 Media - Diversified company?
The median Cyclically Adjusted PB Ratio among Media - Diversified companies is 0.96, based on 705 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. Syzygy AG's current Cyclically Adjusted PB Ratio of 0.32 is 66.7% 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 Syzygy AG and its competitors. For the Media - Diversified industry, the median Cyclically Adjusted PB Ratio is 0.96 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Syzygy AG's current Cyclically Adjusted PB Ratio is 0.32, which is 76% below median its own 10-year median of 1.36. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syzygy AG stock overvalued right now?
Based on GuruFocus' analysis, Syzygy AG (HAM:SYZ) is currently considered Possible Value Trap. The stock's GF Value™ is €2.19, compared to a current price of €1.24 — trading 43.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.32, which is 76% below median its 10-year median of 1.36 and 66.7% below the Media - Diversified industry median of 0.96. Syzygy AG's overall GF Score™ is 52/100 with 4 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 Syzygy AG (HAM:SYZ), the current Cyclically Adjusted PB Ratio is 0.32 as of Jul. 31, 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 Syzygy AG (HAM:SYZ) Overvalued in 2026?

Based on GuruFocus' analysis, Syzygy AG stock appears to be undervalued. The current stock price of €1.24 is trading 43.6% below its estimated GF Value™ of €2.19. GuruFocus considers Syzygy AG to be Possible Value Trap.

Key valuation signals for HAM:SYZ:

  • Cyclically Adjusted PB Ratio: 0.32 (76% below median its 10-year median of 1.36)
  • GF Value™: €2.19 vs. price of €1.24 (43.6% below fair value)
  • GF Score™: 52/100 with 4 warning signs
  • Industry Position: 66.7% below the Media - Diversified median (#122 of 705)

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


Syzygy AG Business Description

Other Exchanges 0NKH:UKSYZ:Germany
Address Horexstrasse 28, Bad Homburg, HE, DEU, 61352
Syzygy AG is a digital marketing and technology services company that designs, creates, and manages digital experiences and products for brands and businesses. The SYZYGY Group offers integrated services across consulting, design, and technology, focusing on developing digital media and customer-centric experiences. Its business segments combine these capabilities to deliver end-to-end client solutions. The company serves a wide range of prominent clients, including Audi, BMW, Deutsche Bank, PayPal, Samsung, and Volkswagen.
52GF Score

Get the complete analysis for HAM:SYZ

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

€1.24
Price
€2.19
GF Value