SYNE (Synthesis Energy Systems) Cyclically Adjusted PB Ratio: (As of Jul. 23, 2026)

Author: Vera Yuan Vera Yuan
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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.

SYNE Synthesis Energy Systems Inc SYNE
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What is Synthesis Energy Systems Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Synthesis Energy Systems  (OTCPK:SYNE) 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.


Synthesis Energy Systems Cyclically Adjusted PB Ratio Related Terms


Synthesis Energy Systems Cyclically Adjusted PB Ratio Historical Data

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The historical data trend for Synthesis Energy Systems'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.

Synthesis Energy Systems Cyclically Adjusted PB Ratio Chart

Synthesis Energy Systems Annual Data
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Cyclically Adjusted PB Ratio
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Synthesis Energy Systems Quarterly Data
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SYNE vs SMGI, ALYE, FLSS: Cyclically Adjusted PB Ratio Comparison

For the Oil & Gas Equipment & Services subindustry, Synthesis Energy Systems'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.


Synthesis Energy Systems Cyclically Adjusted PB Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Synthesis Energy Systems's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


SYNE
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Synthesis Energy Systems Inc SYNE
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Synthesis Energy Systems 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.

Synthesis Energy Systems's Cyclically Adjusted Book per Share for the quarter that ended in Dec. 2019 is calculated as:

For example, Synthesis Energy Systems's adjusted Book Value per Share data for the three months ended in Dec. 2019 was:

Adj_Book=Book Value per Share/CPI of Dec. 2019 (Change)*Current CPI (Dec. 2019)
=-16.196/256.9740*256.9740
=-16.196

Current CPI (Dec. 2019) = 256.9740.

Synthesis Energy Systems Quarterly Data

Book Value per Share CPI Adj_Book
201003 142.595 217.631 168.373
201006 138.528 217.965 163.320
201009 134.317 218.439 158.012
201012 130.306 219.179 152.776
201103 126.460 223.467 145.422
201106 122.642 225.722 139.622
201109 118.000 226.889 133.647
201112 112.462 225.672 128.061
201203 105.976 229.392 118.719
201206 99.458 229.478 111.375
201209 93.299 231.407 103.607
201212 88.442 229.601 98.986
201303 83.923 232.773 92.648
201306 79.748 233.504 87.764
201309 76.599 234.149 84.066
201312 75.843 233.049 83.629
201403 75.504 236.293 82.112
201406 71.746 238.343 77.354
201409 67.970 238.031 73.379
201412 46.523 234.812 50.914
201503 43.349 236.119 47.178
201506 44.769 238.638 48.209
201509 42.031 237.945 45.392
201512 39.743 236.525 43.179
201603 37.958 238.132 40.961
201606 30.716 241.018 32.749
201609 28.774 241.428 30.627
201612 26.828 241.432 28.555
201703 25.205 243.801 26.567
201706 10.458 244.955 10.971
201709 9.807 246.819 10.210
201712 9.945 246.524 10.367
201803 9.089 249.554 9.359
201806 3.892 251.989 3.969
201809 3.212 252.439 3.270
201812 2.062 251.233 2.109
201903 0.968 254.202 0.979
201906 -3.579 256.143 -3.591
201909 -4.246 256.759 -4.250
201912 -16.196 256.974 -16.196

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.


Synthesis Energy Systems Business Description

Industry EnergyOil & Gas
Address One Riverway, Suite 1700, Houston, TX, USA, 77056
Synthesis Energy Systems Inc is a US-based clean energy company that develops, builds and owns clean energy projects. The company provides proprietary gasification technology systems and solutions to the energy and chemical industries. Its gasification technology is a flexible, efficient and economic technology used for the production of synthesis gas or syngas which is a mixture of hydrogen, carbon monoxide and methane. Business activities of the company include supplying its proprietary gasification technology, equipment, and services into projects where these lower cost feedstocks can be profitably converted into clean syngas, which can then be used to produce a variety of high-value energy and chemical products.
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