Synergon Holding AD (XBUL:SNRG) Cyclically Adjusted PB Ratio: 0.07 (As of Aug. 09, 2026) — 42% Below Median

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XBUL:SNRG Synergon Holding AD XBUL:SNRG
34 GF Score
Price €0.55
GF Value €0.88
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Synergon Holding AD Cyclically Adjusted PB Ratio?

Synergon Holding AD XBUL:SNRG 34 Cyclically Adjusted PB Ratio is 0.07 as of Aug. 09, 2026, which is 42% below its 10-year median of 0.12. GuruFocus rates XBUL:SNRG with a GF Score™ of 34/100 and a GF Value™ of €0.88 (Significantly Undervalued). The stock has 2 warning signs investors should review. Among 1,012 Asset Management companies, Synergon Holding AD ranks better than 97.73% on this metric.

As of today (2026-08-09), Synergon Holding AD's current share price is €0.545. Synergon Holding AD's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was €8.11. Synergon Holding AD's Cyclically Adjusted PB Ratio for today is 0.07.

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

XBUL:SNRG' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.05   Med: 0.12   Max: 0.2
Current: 0.07

During the past years, Synergon Holding AD's highest Cyclically Adjusted PB Ratio was 0.20. The lowest was 0.05. And the median was 0.12.

XBUL:SNRG's Cyclically Adjusted PB Ratio is ranked better than
97.73% of 1012 companies
in the Asset Management industry
Industry Median: 0.87 vs XBUL:SNRG: 0.07

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.

Synergon Holding AD's adjusted book value per share data for the three months ended in Mar. 2026 was €7.892. 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 €8.11 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Synergon Holding AD  (XBUL:SNRG) 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.


Synergon Holding AD Cyclically Adjusted PB Ratio Related Terms


Synergon Holding AD Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Synergon Holding AD'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.

Synergon Holding AD Cyclically Adjusted PB Ratio Chart

Synergon Holding AD 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 0.14 0.13 0.12 0.12

Synergon Holding AD 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 0.13 0.12 0.12 0.12 0.05

XBUL:SNRG vs BLK, BX, KKR: Cyclically Adjusted PB Ratio Comparison

For the Asset Management subindustry, Synergon Holding AD'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.


Synergon Holding AD Cyclically Adjusted PB Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Synergon Holding AD's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


XBUL:SNRG
34GF Score
Synergon Holding AD XBUL:SNRG
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Synergon Holding AD 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.

Synergon Holding AD's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=0.545/8.11
=0.07

* 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.

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

For example, Synergon Holding AD'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)
=7.892/330.2130*330.2130
=7.892

Current CPI (Mar. 2026) = 330.2130.

Synergon Holding AD Quarterly Data

Book Value per Share CPI Adj_Book
201606 6.629 241.018 9.082
201609 6.641 241.428 9.083
201612 6.703 241.432 9.168
201703 6.543 243.801 8.862
201706 6.525 244.955 8.796
201709 6.577 246.819 8.799
201712 6.424 246.524 8.605
201803 6.322 249.554 8.365
201806 6.201 251.989 8.126
201809 6.235 252.439 8.156
201812 6.031 251.233 7.927
201903 6.175 254.202 8.021
201906 6.272 256.143 8.086
201909 6.261 256.759 8.052
201912 6.181 256.974 7.943
202003 6.338 258.115 8.108
202006 6.404 257.797 8.203
202009 6.386 260.280 8.102
202012 6.330 260.474 8.025
202103 6.257 264.877 7.800
202106 6.128 271.696 7.448
202109 6.140 274.310 7.391
202112 6.301 278.802 7.463
202203 6.454 287.504 7.413
202206 6.673 296.311 7.436
202209 7.356 296.808 8.184
202212 7.188 296.797 7.997
202303 7.379 301.836 8.073
202306 7.357 305.109 7.962
202309 7.538 307.789 8.087
202312 7.574 306.746 8.153
202403 7.556 312.332 7.989
202406 7.522 314.175 7.906
202409 7.704 315.301 8.068
202412 7.601 315.605 7.953
202503 7.770 319.799 8.023
202506 7.623 322.561 7.804
202509 7.806 324.800 7.936
202512 7.773 324.054 7.921
202603 7.892 330.213 7.892

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 0.07 mean?
Synergon Holding AD (XBUL:SNRG) has a Cyclically Adjusted PB Ratio of 0.07 as of Aug. 09, 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 Synergon Holding AD and its competitors. This is 42% below median its historical median of 0.12. Over the past decade, Synergon Holding AD's Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.20. According to the industry distribution chart, Synergon Holding AD ranks #23 out of 1012 companies in the Asset Management industry, placing it in the top 2.3%.
Is Synergon Holding AD's Cyclically Adjusted PB Ratio too high?
Synergon Holding AD's current Cyclically Adjusted PB Ratio of 0.07 is 42% below median its 10-year median of 0.12. Over the past 10 years, this metric has ranged from a low of 0.05 to a high of 0.20. The Asset Management industry median Cyclically Adjusted PB Ratio is 0.87. Synergon Holding AD's value of 0.07 is 92% below this industry median. Based on the distribution chart, Synergon Holding AD ranks #23 out of 1012 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, Synergon Holding AD has a GF Score™ of 34/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Synergon Holding AD's Cyclically Adjusted PB Ratio compare to BLK and BX?
According to the Asset Management industry distribution chart, Synergon Holding AD ranks #23 out of 1012 companies for Cyclically Adjusted PB Ratio. This places Synergon Holding AD in the top 2% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 0.87. Synergon Holding AD's value of 0.07 is 92% below this benchmark. Historically, Synergon Holding AD's own Cyclically Adjusted PB Ratio has ranged from 0.05 to 0.20 over the past decade. While the company's 10-year median is 0.12 vs. the industry median of 0.87, Synergon Holding AD 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 an Asset Management company?
The median Cyclically Adjusted PB Ratio among Asset Management companies is 0.87, based on 1,012 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. Synergon Holding AD's current Cyclically Adjusted PB Ratio of 0.07 is 92% 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 Synergon Holding AD and its competitors. For the Asset Management industry, the median Cyclically Adjusted PB Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Synergon Holding AD's current Cyclically Adjusted PB Ratio is 0.07, which is 42% below median its own 10-year median of 0.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Synergon Holding AD stock overvalued right now?
Based on GuruFocus' analysis, Synergon Holding AD (XBUL:SNRG) is currently considered Significantly Undervalued. The stock's GF Value™ is €0.88, compared to a current price of €0.55 — trading 38.1% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.07, which is 42% below median its 10-year median of 0.12 and 92% below the Asset Management industry median of 0.87. Synergon Holding AD's overall GF Score™ is 34/100 with 2 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 Synergon Holding AD (XBUL:SNRG), the current Cyclically Adjusted PB Ratio is 0.07 as of Aug. 09, 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 Synergon Holding AD (XBUL:SNRG) Overvalued in 2026?

Based on GuruFocus' analysis, Synergon Holding AD stock appears to be undervalued. The current stock price of €0.55 is trading 38.1% below its estimated GF Value™ of €0.88. GuruFocus considers Synergon Holding AD to be Significantly Undervalued.

Key valuation signals for XBUL:SNRG:

  • Cyclically Adjusted PB Ratio: 0.07 (42% below median its 10-year median of 0.12)
  • GF Value™: €0.88 vs. price of €0.55 (38.1% below fair value)
  • GF Score™: 34/100 with 2 warning signs
  • Industry Position: 92% below the Asset Management median (#23 of 1012)

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


Synergon Holding AD Business Description

Address 2 Solunska Street, Sofia, BGR, 1000
Synergon Holding AD is engaged in acquisition, management, valuation and sales of stake, patents, and bonds in Bulgaria and internationally. The company is also engaged in providing tourist services, hotel and restaurant services.
34GF Score

Get the complete analysis for XBUL:SNRG

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

€0.55
Price
€0.88
GF Value