Al Arafah Islami Bank (DHA:ALARABANK) Cyclically Adjusted Book per Share: BDT23.51 (As of Mar. 2026)


DHA:ALARABANK Al Arafah Islami Bank PLC DHA:ALARABANK
69 GF Score
Price BDT16.00
GF Value BDT16.67
Valuation Fairly Valued
! 3 Warning Signs
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What is Al Arafah Islami Bank Cyclically Adjusted Book per Share?

Al Arafah Islami Bank DHA:ALARABANK 69 Cyclically Adjusted Book per Share is BDT23.51 as of Mar. 2026. GuruFocus rates DHA:ALARABANK with a GF Score™ of 69/100 and a GF Value™ of BDT16.67 (Fairly Valued). The stock has 3 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

Al Arafah Islami Bank's adjusted book value per share for the three months ended in Mar. 2026 was BDT21.194. 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 BDT23.51 for the trailing ten years ended in Mar. 2026.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

As of today (2026-07-13), Al Arafah Islami Bank's current stock price is BDT16.00. Al Arafah Islami Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT23.51. Al Arafah Islami Bank's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Al Arafah Islami Bank was 0.77. The lowest was 0.55. And the median was 0.66.


Al Arafah Islami Bank  (DHA:ALARABANK) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

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.

Al Arafah Islami Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=16.00/23.51
=0.68

* 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.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Al Arafah Islami Bank was 0.77. The lowest was 0.55. And the median was 0.66.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Al Arafah Islami Bank Cyclically Adjusted Book per Share Related Terms


Al Arafah Islami Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Al Arafah Islami Bank's Cyclically Adjusted Book per Share 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.

Al Arafah Islami Bank Cyclically Adjusted Book per Share Chart

Al Arafah Islami Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 23.13

Al Arafah Islami Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Book per Share 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 0.00 0.00 23.18 23.13 23.51

Al Arafah Islami Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Al Arafah Islami Bank'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.


Al Arafah Islami Bank Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Al Arafah Islami Bank's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Al Arafah Islami Bank's Cyclically Adjusted PB Ratio falls into.


DHA:ALARABANK
69GF Score
Al Arafah Islami Bank PLC DHA:ALARABANK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Al Arafah Islami Bank Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and 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.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Al Arafah Islami Bank'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)
=21.194/330.2130*330.2130
=21.194

Current CPI (Mar. 2026) = 330.2130.

Al Arafah Islami Bank Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 17.028 241.432 23.290
201703 17.674 243.801 23.938
201706 16.337 244.955 22.023
201709 16.856 246.819 22.551
201712 18.025 246.524 24.144
201803 18.380 249.554 24.321
201806 17.116 251.989 22.429
201809 17.398 252.439 22.758
201812 18.855 251.233 24.782
201903 19.259 254.202 25.018
201906 17.964 256.143 23.159
201909 17.715 256.759 22.783
201912 19.536 256.974 25.104
202003 20.003 258.115 25.590
202006 20.317 257.797 26.024
202009 19.580 260.280 24.841
202012 20.665 260.474 26.198
202103 20.903 264.877 26.059
202106 20.352 271.696 24.735
202109 20.703 274.310 24.922
202112 21.018 278.802 24.894
202203 21.473 287.504 24.663
202206 20.703 296.311 23.072
202209 20.735 296.808 23.069
202212 21.033 296.797 23.401
202303 21.332 301.836 23.338
202306 20.978 305.109 22.704
202309 21.029 307.789 22.561
202312 21.554 306.746 23.203
202403 21.769 312.332 23.015
202406 21.095 314.175 22.172
202409 22.231 315.301 23.282
202412 20.850 315.605 21.815
202503 20.891 319.799 21.571
202506 21.450 322.561 21.959
202509 20.858 324.800 21.206
202512 21.161 324.054 21.563
202603 21.194 330.213 21.194

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

What does a Cyclically Adjusted Book per Share of BDT23.51 mean?
Al Arafah Islami Bank (DHA:ALARABANK) has a Cyclically Adjusted Book per Share of BDT23.51 as of Mar. 2026. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Al Arafah Islami Bank and its competitors.
Is Al Arafah Islami Bank's Cyclically Adjusted Book per Share too high?
Al Arafah Islami Bank's current Cyclically Adjusted Book per Share is BDT23.51. Overall, Al Arafah Islami Bank has a GF Score™ of 69/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Al Arafah Islami Bank's Cyclically Adjusted Book per Share compare to competitors?
Al Arafah Islami Bank's Cyclically Adjusted Book per Share of BDT23.51 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Book per Share for a Banks company?
A good Cyclically Adjusted Book per Share depends on the Banks industry context. However, Cyclically Adjusted Book per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Book per Share mean?
A high Cyclically Adjusted Book per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted book value per share represents the company's inflation-adjusted book value per share over a 10-year period. View historical data on Al Arafah Islami Bank and its competitors. Al Arafah Islami Bank's current Cyclically Adjusted Book per Share is BDT23.51. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Al Arafah Islami Bank stock overvalued right now?
Based on GuruFocus' analysis, Al Arafah Islami Bank (DHA:ALARABANK) is currently considered Fairly Valued. The stock's GF Value™ is BDT16.67, compared to a current price of BDT16.00 — trading 4% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT23.51. Al Arafah Islami Bank's overall GF Score™ is 69/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Book per Share calculated?
Cyclically Adjusted Book per Share is calculated from a company's financial statements. For Al Arafah Islami Bank (DHA:ALARABANK), the current Cyclically Adjusted Book per Share is BDT23.51 as of Mar. 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 Al Arafah Islami Bank (DHA:ALARABANK) Overvalued in 2026?

Based on GuruFocus' analysis, Al Arafah Islami Bank stock appears to be undervalued. The current stock price of BDT16.00 is trading 4% below its estimated GF Value™ of BDT16.67. GuruFocus considers Al Arafah Islami Bank to be Fairly Valued.

Key valuation signals for DHA:ALARABANK:

  • Cyclically Adjusted Book per Share: BDT23.51
  • GF Value™: BDT16.67 vs. price of BDT16.00 (4% below fair value)
  • GF Score™: 69/100 with 3 warning signs

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


Al Arafah Islami Bank Business Description

Address 63, Purana Paltan, Daynik Bangla Mor, Al-Arafah Tower, 1st & 2nd Floor, Dhaka, BGD, 1000
Al Arafah Islami Bank PLC is a Bangladesh-based company engaged in providing commercial banking, consumer banking, trade finance, and related custody and clearing services. Its deposit products include current, saving, term, and short notice deposits; and marriage savings investment schemes, among others. The principal activities of the Bank are to provide a comprehensive range of financial services including commercial banking, consumer banking, trade finance and other related custody and clearing services to the customers. Geographically, it operates only in Bangladesh. It serves Agriculture; Construction; Power, Gas, Water and Sanitary Services; Transport and communication; Trade services; Storage; Professional & Miscellaneous services and other sectors.
69GF Score

Get the complete analysis for DHA:ALARABANK

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

BDT16.00
Price
BDT16.67
GF Value