Cyan AGHAM:CYR 70 PB Ratio is 1.50 as of Jun. 26, 2026, which is 3% below its 10-year median of 1.55. GuruFocus rates HAM:CYR with a GF Score™ of 70/100 and a GF Value™ of €3.71. The stock has 3 warning signs investors should review. Among 2,625 Software companies, Cyan AG ranks better than 66.48% 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 (2026-06-26), Cyan AG's share price is €1.90. Cyan AG's Book Value per Share for the quarter that ended in Dec. 2025 was €1.26. Hence, Cyan AG's PB Ratio of today is 1.50.
Good Sign:
Cyan AG stock PB Ratio (=1.58) is close to 1-year low of 1.44.
The historical rank and industry rank for Cyan AG's PB Ratio or its related term are showing as below:
HAM:CYR'
s PB Ratio Range Over the Past 10 Years
Min: 0.33 Med: 1.55 Max: 6613.33
Current: 1.58
During the past 12 years, Cyan AG's highest PB Ratio was 6613.33. The lowest was 0.33. And the median was 1.55.
HAM:CYR's PB Ratio is ranked better than 66.48% of 2625
companies
in the Software industry
Industry Median: 2.36
vs HAM:CYR: 1.58
During the past 12 months, Cyan AG's average Book Value Per Share Growth Rate was -9.20% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was -22.20% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was -29.40% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 49.40% per year.
During the past 12 years, the highest 3-Year average Book Value Per Share Growth Rate of Cyan AG was 1161.30% per year. The lowest was -39.40% per year. And the median was -16.70% 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.
Cyan AG PB Ratio Related Terms
Cyan AG PB Ratio Historical Data
* Premium members only.
The historical data trend for Cyan AG'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 Software - Infrastructure subindustry, Cyan AG'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.
Cyan AG PB Ratio vs Software Industry
For the Software industry and Technology sector, Cyan AG's PB Ratio distribution charts can be found below:
* The bar in red indicates where Cyan AG'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.
Cyan AG'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.
Cyan AG (HAM:CYR) has a PB Ratio of 1.50 as of Jun. 26, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Cyan AG and its competitors. This is near median its historical median of 1.55. Over the past decade, Cyan AG's PB Ratio has ranged from 0.33 to 6,613.33. According to the industry distribution chart, Cyan AG ranks #880 out of 2625 companies in the Software industry, placing it in the top 33.5%.
Is Cyan AG's PB Ratio too high?
Cyan AG's current PB Ratio of 1.50 is near median its 10-year median of 1.55. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 6,613.33. The Software industry median PB Ratio is 2.36. Cyan AG's value of 1.50 is 36.4% below this industry median. Based on the distribution chart, Cyan AG ranks #880 out of 2625 companies in the Software industry, which is above the industry midpoint. Overall, Cyan AG has a GF Score™ of 70/100, reflecting its overall financial health beyond just this single metric.
How does Cyan AG's PB Ratio compare to MSFT and ORCL?
According to the Software industry distribution chart, Cyan AG ranks #880 out of 2625 companies for PB Ratio. This puts Cyan AG in the upper half of its industry. The industry median PB Ratio is 2.36. Cyan AG's value of 1.50 is 36.4% below this benchmark. Historically, Cyan AG's own PB Ratio has ranged from 0.33 to 6,613.33 over the past decade. While the company's 10-year median is 1.55 vs. the industry median of 2.36, Cyan 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 PB Ratio for a Software company?
The median PB Ratio among Software companies is 2.36, based on 2,625 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. Cyan AG's current PB Ratio of 1.50 is 36.4% 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 Cyan AG and its competitors. For the Software industry, the median PB Ratio is 2.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Cyan AG's current PB Ratio is 1.50, which is near median its own 10-year median of 1.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Cyan AG stock overvalued right now?
Cyan AG (HAM:CYR) has a current PB Ratio of 1.50. The stock's GF Value™ is €3.71, compared to a current price of €1.90 — trading 48.8% below its estimated fair value. The current PB Ratio is 1.50, which is near median its 10-year median of 1.55 and 36.4% below the Software industry median of 2.36. Cyan AG's overall GF Score™ is 70/100 with 3 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 Cyan AG (HAM:CYR), the current PB Ratio is 1.50 as of Jun. 26, 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 Cyan AG (HAM:CYR) Overvalued in 2026?
Based on GuruFocus' analysis, Cyan AG stock appears to be undervalued.
The current stock price of €1.90 is trading 48.8% below its estimated GF Value™ of €3.71.
Key valuation signals for HAM:CYR:
PB Ratio: 1.50 (near median its 10-year median of 1.55)
GF Value™: €3.71 vs. price of €1.90 (48.8% below fair value)
Industry Position: 36.4% below the Software median (#880 of 2625)
No single metric tells the full story. See the HAM:CYR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Cyan AG offers cybersecurity solutions for end customers of mobile network operators (MNOS) and mobile virtual network operators (MVNOs). Its solutions are Threat Intelligence, Network Solutions, Endpoint Solutions, and SMB Solutions.
70GF Score
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