Syrah ResourcesASX:SYR -4.55%36 PB Ratio is 0.32 as of Jun. 28, 2026, which is 58% below its 10-year median of 0.76. GuruFocus rates ASX:SYR with a GF Score™ of 36/100 and a GF Value™ of A$0.18 (Possible Value Trap). The stock has 8 warning signs investors should review. Among 2,357 Metals & Mining companies, Syrah Resources ranks better than 97.03% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-28), Syrah Resources's share price is A$0.105. Syrah Resources's Book Value per Share for the quarter that ended in Dec. 2025 was A$0.33. Hence, Syrah Resources's PB Ratio of today is 0.32.
Good Sign:
Syrah Resources Ltd stock PB Ratio (=0.32) is close to 1-year low of 0.3.
The historical rank and industry rank for Syrah Resources's PB Ratio or its related term are showing as below:
ASX:SYR'
s PB Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.76 Max: 3.75
Current: 0.32
During the past 13 years, Syrah Resources's highest PB Ratio was 3.75. The lowest was 0.19. And the median was 0.76.
ASX:SYR's PB Ratio is ranked better than 97.03% of 2357
companies
in the Metals & Mining industry
Industry Median: 2.26
vs ASX:SYR: 0.32
During the past 12 months, Syrah Resources's average Book Value Per Share Growth Rate was -31.90% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -25.10% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -13.70% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was -5.60% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Syrah Resources was 100.00% per year. The lowest was -31.50% per year. And the median was -5.10% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Syrah Resources PB Ratio Related Terms
Syrah Resources PB Ratio Historical Data
* Premium members only.
The historical data trend for Syrah Resources's 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.
For the Other Industrial Metals & Mining subindustry, Syrah Resources's PB Ratio, along with its competitors' market caps and 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.
Syrah Resources PB Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Syrah Resources's PB Ratio distribution charts can be found below:
* The bar in red indicates where Syrah Resources's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Syrah Resources's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Syrah Resources (ASX:SYR) has a PB Ratio of 0.32 as of Jun. 28, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Syrah Resources and its competitors. This is 58% below median its historical median of 0.76. Over the past decade, Syrah Resources' PB Ratio has ranged from 0.19 to 3.75. According to the industry distribution chart, Syrah Resources ranks #70 out of 2357 companies in the Metals & Mining industry, placing it in the top 3%.
Is Syrah Resources' PB Ratio too high?
Syrah Resources' current PB Ratio of 0.32 is 58% below median its 10-year median of 0.76. Over the past 10 years, this metric has ranged from a low of 0.19 to a high of 3.75. The Metals & Mining industry median PB Ratio is 2.26. Syrah Resources' value of 0.32 is 85.8% below this industry median. Based on the distribution chart, Syrah Resources ranks #70 out of 2357 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Syrah Resources has a GF Score™ of 36/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Syrah Resources' PB Ratio compare to competitors?
According to the Metals & Mining industry distribution chart, Syrah Resources ranks #70 out of 2357 companies for PB Ratio. This places Syrah Resources in the top 3% of its industry — outperforming the majority of peers. The industry median PB Ratio is 2.26. Syrah Resources' value of 0.32 is 85.8% below this benchmark. Historically, Syrah Resources' own PB Ratio has ranged from 0.19 to 3.75 over the past decade. While the company's 10-year median is 0.76 vs. the industry median of 2.26, Syrah Resources 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 PB Ratio for a Metals & Mining company?
The median PB Ratio among Metals & Mining companies is 2.26, based on 2,357 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Syrah Resources's current PB Ratio of 0.32 is 85.8% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Syrah Resources and its competitors. For the Metals & Mining industry, the median PB Ratio is 2.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Syrah Resources's current PB Ratio is 0.32, which is 58% below median its own 10-year median of 0.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Syrah Resources stock overvalued right now?
Based on GuruFocus' analysis, Syrah Resources (ASX:SYR) is currently considered Possible Value Trap. The stock's GF Value™ is A$0.18, compared to a current price of A$0.11 — trading 41.7% below its estimated fair value. The current PB Ratio is 0.32, which is 58% below median its 10-year median of 0.76 and 85.8% below the Metals & Mining industry median of 2.26. Syrah Resources' overall GF Score™ is 36/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Syrah Resources (ASX:SYR), the current PB Ratio is 0.32 as of Jun. 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 Syrah Resources (ASX:SYR) Overvalued in 2026?
Based on GuruFocus' analysis, Syrah Resources stock appears to be undervalued.
The current stock price of A$0.11 is trading 41.7% below its estimated GF Value™ of A$0.18.
GuruFocus considers Syrah Resources to be Possible Value Trap.
Key valuation signals for ASX:SYR:
PB Ratio: 0.32 (58% below median its 10-year median of 0.76)
GF Value™: A$0.18 vs. price of A$0.11 (41.7% below fair value)
Industry Position: 85.8% below the Metals & Mining median (#70 of 2357)
No single metric tells the full story. See the ASX:SYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Syrah Resources Ltd is a vertically integrated graphite and battery anode material producer. It supplies products for battery and industrial applications. The company operates in three segments: i) Balama: Production, distribution and sale of natural graphite from the Balama Graphite Operation in Mozambique, ii) Vidalia: Production, qualification and sale of AAM from the Vidalia AAM facility, and Corporate: Corporate administration, treasury and investing activities. The majority of revenue is derived from the Balama segment. Geographically, the maximum revenue is derived from Asia (excluding China and India), and the rest from China, Europe, India, the Americas, and Other locations.
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