Sylogist (TSX:SYZ) Cyclically Adjusted PB Ratio: 1.53 (As of Jul. 31, 2026) — 74% Below Median

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TSX:SYZ Sylogist Ltd TSX:SYZ
60 GF Score
Price C$3.32
GF Value C$8.40
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is Sylogist Cyclically Adjusted PB Ratio?

Sylogist TSX:SYZ -2.35% 60 Cyclically Adjusted PB Ratio is 1.53 as of Jul. 31, 2026, which is 74% below its 10-year median of 5.83. GuruFocus rates TSX:SYZ with a GF Score™ of 60/100 and a GF Value™ of C$8.40 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 1,576 Software companies, Sylogist ranks better than 62.82% on this metric.

As of today (2026-07-31), Sylogist's current share price is C$3.32. Sylogist's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was C$2.17. Sylogist's Cyclically Adjusted PB Ratio for today is 1.53.

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

TSX:SYZ' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.41   Med: 5.83   Max: 9.95
Current: 1.53

During the past years, Sylogist's highest Cyclically Adjusted PB Ratio was 9.95. The lowest was 1.41. And the median was 5.83.

TSX:SYZ's Cyclically Adjusted PB Ratio is ranked better than
62.82% of 1576 companies
in the Software industry
Industry Median: 2.235 vs TSX:SYZ: 1.53

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.

Sylogist's adjusted book value per share data for the three months ended in Mar. 2026 was C$1.160. 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 C$2.17 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Sylogist  (TSX: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.


Sylogist Cyclically Adjusted PB Ratio Related Terms


Sylogist Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Sylogist'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.

Sylogist Cyclically Adjusted PB Ratio Chart

Sylogist Annual Data
Trend Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.14 5.33 3.32 3.85 2.64

Sylogist Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 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 3.54 3.81 3.11 2.64 1.50

TSX:SYZ vs QH, SHOP, UBER: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Sylogist'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.


Sylogist Cyclically Adjusted PB Ratio vs Software Industry

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

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


TSX:SYZ
60GF Score
Sylogist Ltd TSX:SYZ
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Sylogist 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.

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

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=3.32/2.17
=1.53

* 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.

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

For example, Sylogist'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)
=1.16/132.2623*132.2623
=1.160

Current CPI (Mar. 2026) = 132.2623.

Sylogist Quarterly Data

Book Value per Share CPI Adj_Book
201512 2.108 99.947 2.790
201603 2.016 101.054 2.639
201606 1.960 102.002 2.541
201609 1.930 101.765 2.508
201612 1.838 101.449 2.396
201703 1.845 102.634 2.378
201706 1.832 103.029 2.352
201709 1.810 103.345 2.316
201712 1.812 103.345 2.319
201803 1.812 105.004 2.282
201806 1.873 105.557 2.347
201809 1.957 105.636 2.450
201812 1.933 105.399 2.426
201903 1.933 106.979 2.390
201906 2.455 107.690 3.015
201909 2.468 107.611 3.033
201912 2.133 107.769 2.618
202003 2.262 107.927 2.772
202006 2.271 108.401 2.771
202009 2.183 108.164 2.669
202012 2.128 108.559 2.593
202103 2.029 110.298 2.433
202106 1.936 111.720 2.292
202109 1.954 112.905 2.289
202112 1.845 113.774 2.145
202203 1.713 117.646 1.926
202206 1.682 120.806 1.842
202303 1.655 122.702 1.784
202306 1.590 124.203 1.693
202309 1.644 125.230 1.736
202312 1.601 125.072 1.693
202403 1.582 126.258 1.657
202406 1.545 127.522 1.602
202409 1.504 127.285 1.563
202412 1.607 127.364 1.669
202503 1.555 129.181 1.592
202506 1.420 129.892 1.446
202509 1.393 130.287 1.414
202512 1.330 130.366 1.349
202603 1.160 132.262 1.160

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 1.53 mean?
Sylogist (TSX:SYZ) has a Cyclically Adjusted PB Ratio of 1.53 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 Sylogist and its competitors. This is 74% below median its historical median of 5.83. Over the past decade, Sylogist's Cyclically Adjusted PB Ratio has ranged from 1.41 to 9.95. According to the industry distribution chart, Sylogist ranks #586 out of 1576 companies in the Software industry, placing it in the top 37.2%.
Is Sylogist's Cyclically Adjusted PB Ratio too high?
Sylogist's current Cyclically Adjusted PB Ratio of 1.53 is 74% below median its 10-year median of 5.83. Over the past 10 years, this metric has ranged from a low of 1.41 to a high of 9.95. The Software industry median Cyclically Adjusted PB Ratio is 2.24. Sylogist's value of 1.53 is 31.5% below this industry median. Based on the distribution chart, Sylogist ranks #586 out of 1576 companies in the Software industry, which is above the industry midpoint. Overall, Sylogist has a GF Score™ of 60/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Sylogist's Cyclically Adjusted PB Ratio compare to QH and SHOP?
According to the Software industry distribution chart, Sylogist ranks #586 out of 1576 companies for Cyclically Adjusted PB Ratio. This puts Sylogist in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 2.24. Sylogist's value of 1.53 is 31.5% below this benchmark. Historically, Sylogist's own Cyclically Adjusted PB Ratio has ranged from 1.41 to 9.95 over the past decade. While the company's 10-year median is 5.83 vs. the industry median of 2.24, Sylogist 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 Software company?
The median Cyclically Adjusted PB Ratio among Software companies is 2.24, based on 1,576 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. Sylogist's current Cyclically Adjusted PB Ratio of 1.53 is 31.5% 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 Sylogist 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. Sylogist's current Cyclically Adjusted PB Ratio is 1.53, which is 74% below median its own 10-year median of 5.83. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sylogist stock overvalued right now?
Based on GuruFocus' analysis, Sylogist (TSX:SYZ) is currently considered Possible Value Trap. The stock's GF Value™ is C$8.40, compared to a current price of C$3.32 — trading 60.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.53, which is 74% below median its 10-year median of 5.83 and 31.5% below the Software industry median of 2.24. Sylogist's overall GF Score™ is 60/100 with 6 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 Sylogist (TSX:SYZ), the current Cyclically Adjusted PB Ratio is 1.53 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 Sylogist (TSX:SYZ) Overvalued in 2026?

Based on GuruFocus' analysis, Sylogist stock appears to be undervalued. The current stock price of C$3.32 is trading 60.5% below its estimated GF Value™ of C$8.40. GuruFocus considers Sylogist to be Possible Value Trap.

Key valuation signals for TSX:SYZ:

  • Cyclically Adjusted PB Ratio: 1.53 (74% below median its 10-year median of 5.83)
  • GF Value™: C$8.40 vs. price of C$3.32 (60.5% below fair value)
  • GF Score™: 60/100 with 6 warning signs
  • Industry Position: 31.5% below the Software median (#586 of 1576)

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


Sylogist Business Description

Other Exchanges SYZLF:USA
Address 1A Street S.W, Suite 5290, Calgary, AB, CAN, T2S 1R8
Sylogist Ltd is a software company that provides software-as-a-service (SaaS) solutions that provides ERP, CRM, fundraising, education administration, and payments solutions to education verticals. , including fund accounting, grant management, and payroll to public service organizations. The company's revenue is divided into verticals namely, SylogistMission, SylogistEd, SylogistGov, and SylogistServices. It receives maximum revenue in the form of SaaS subscriptions. Geographically, the company offers its services to the United States of America, Canada, the United Kingdom, and other regions. The majority of the revenue comes from the United States of America.
60GF Score

Get the complete analysis for TSX:SYZ

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

C$3.32
Price
C$8.40
GF Value