Apex Spinning & Knitting Mills (DHA:APEXSPINN) Cyclically Adjusted Book per Share: BDT71.45 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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DHA:APEXSPINN Apex Spinning & Knitting Mills Ltd DHA:APEXSPINN
64 GF Score
Price BDT398.00
GF Value BDT118.88
Valuation Significantly Overvalued
! 8 Warning Signs
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What is Apex Spinning & Knitting Mills Cyclically Adjusted Book per Share?

Apex Spinning & Knitting Mills DHA:APEXSPINN -2.76% 64 Cyclically Adjusted Book per Share is BDT71.45 as of Mar. 2026. GuruFocus rates DHA:APEXSPINN with a GF Score™ of 64/100 and a GF Value™ of BDT118.88 (Significantly Overvalued). The stock has 8 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.

Apex Spinning & Knitting Mills's adjusted book value per share for the three months ended in Mar. 2026 was BDT84.157. 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 BDT71.45 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Apex Spinning & Knitting Mills's average Cyclically Adjusted Book Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was -4.20% per year. 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.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Apex Spinning & Knitting Mills was -4.20% per year. The lowest was -4.20% per year. And the median was -4.20% per year.

As of today (2026-07-15), Apex Spinning & Knitting Mills's current stock price is BDT398.00. Apex Spinning & Knitting Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT71.45. Apex Spinning & Knitting Mills's Cyclically Adjusted PB Ratio of today is 5.57.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Apex Spinning & Knitting Mills was 6.08. The lowest was 1.18. And the median was 1.83.


Apex Spinning & Knitting Mills  (DHA:APEXSPINN) 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.

Apex Spinning & Knitting Mills's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=398.00/71.45
=5.57

* 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 13 years, the highest Cyclically Adjusted PB Ratio of Apex Spinning & Knitting Mills was 6.08. The lowest was 1.18. And the median was 1.83.


Be Aware

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


Apex Spinning & Knitting Mills Cyclically Adjusted Book per Share Related Terms


Apex Spinning & Knitting Mills Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Apex Spinning & Knitting Mills'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.

Apex Spinning & Knitting Mills Cyclically Adjusted Book per Share Chart

Apex Spinning & Knitting Mills Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 78.11 64.55 66.75 68.67

Apex Spinning & Knitting Mills 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 67.72 68.67 69.54 69.78 71.45

DHA:APEXSPINN vs RL, LEVI, VFC: Cyclically Adjusted Book per Share Comparison

For the Apparel Manufacturing subindustry, Apex Spinning & Knitting Mills'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.


Apex Spinning & Knitting Mills Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Apex Spinning & Knitting Mills's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Apex Spinning & Knitting Mills's Cyclically Adjusted PB Ratio falls into.


DHA:APEXSPINN
64GF Score
Apex Spinning & Knitting Mills Ltd DHA:APEXSPINN
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Apex Spinning & Knitting Mills 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, Apex Spinning & Knitting Mills'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)
=84.157/330.2130*330.2130
=84.157

Current CPI (Mar. 2026) = 330.2130.

Apex Spinning & Knitting Mills Quarterly Data

Book Value per Share CPI Adj_Book
201606 51.673 241.018 70.796
201609 52.991 241.428 72.478
201612 51.117 241.432 69.914
201703 51.824 243.801 70.192
201706 52.773 244.955 71.141
201709 53.141 246.819 71.096
201712 51.993 246.524 69.643
201803 54.156 249.554 71.660
201806 55.050 251.989 72.139
201809 54.408 252.439 71.171
201812 53.440 251.233 70.240
201903 54.316 254.202 70.557
201906 55.824 256.143 71.967
201909 54.987 256.759 70.718
201912 53.503 256.974 68.752
202003 54.067 258.115 69.169
202006 54.378 257.797 69.653
202009 54.945 260.280 69.708
202012 54.546 260.474 69.150
202103 55.189 264.877 68.802
202106 55.895 271.696 67.933
202109 57.239 274.310 68.904
202112 56.149 278.802 66.503
202203 58.284 287.504 66.942
202206 58.381 296.311 65.061
202209 59.733 296.808 66.456
202212 60.214 296.797 66.993
202303 60.247 301.836 65.911
202306 80.376 305.109 86.989
202309 65.228 307.789 69.980
202312 61.999 306.746 66.742
202403 62.831 312.332 66.428
202406 82.756 314.175 86.981
202409 63.440 315.301 66.440
202412 62.303 315.605 65.187
202503 62.932 319.799 64.981
202506 83.110 322.561 85.082
202509 84.719 324.800 86.131
202512 83.709 324.054 85.300
202603 84.157 330.213 84.157

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 BDT71.45 mean?
Apex Spinning & Knitting Mills (DHA:APEXSPINN) has a Cyclically Adjusted Book per Share of BDT71.45 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 Apex Spinning & Knitting Mills and its competitors.
Is Apex Spinning & Knitting Mills' Cyclically Adjusted Book per Share too high?
Apex Spinning & Knitting Mills' current Cyclically Adjusted Book per Share is BDT71.45. Overall, Apex Spinning & Knitting Mills has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Apex Spinning & Knitting Mills' Cyclically Adjusted Book per Share compare to RL and LEVI?
Apex Spinning & Knitting Mills' Cyclically Adjusted Book per Share of BDT71.45 can be compared against companies in the Manufacturing - Apparel & Accessories 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 Manufacturing - Apparel & Accessories company?
A good Cyclically Adjusted Book per Share depends on the Manufacturing - Apparel & Accessories 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 Apex Spinning & Knitting Mills and its competitors. Apex Spinning & Knitting Mills's current Cyclically Adjusted Book per Share is BDT71.45. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Apex Spinning & Knitting Mills stock overvalued right now?
Based on GuruFocus' analysis, Apex Spinning & Knitting Mills (DHA:APEXSPINN) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT118.88, compared to a current price of BDT398.00 — trading 234.8% above its estimated fair value. The current Cyclically Adjusted Book per Share is BDT71.45. Apex Spinning & Knitting Mills' overall GF Score™ is 64/100 with 8 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 Apex Spinning & Knitting Mills (DHA:APEXSPINN), the current Cyclically Adjusted Book per Share is BDT71.45 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 Apex Spinning & Knitting Mills (DHA:APEXSPINN) Overvalued in 2026?

Based on GuruFocus' analysis, Apex Spinning & Knitting Mills stock appears to be overvalued. The current stock price of BDT398.00 is trading 234.8% above its estimated GF Value™ of BDT118.88. GuruFocus considers Apex Spinning & Knitting Mills to be Significantly Overvalued.

Key valuation signals for DHA:APEXSPINN:

  • Cyclically Adjusted Book per Share: BDT71.45
  • GF Value™: BDT118.88 vs. price of BDT398.00 (234.8% above fair value)
  • GF Score™: 64/100 with 8 warning signs

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


Apex Spinning & Knitting Mills Business Description

Address 18 Gulshan Avenue, Shanta Skymark, Levels 8-13, Gulshan, Dhaka, BGD, 1212
Apex Spinning & Knitting Mills Ltd is a Bangladesh-based company that operates as a manufacturer and exporter of all kinds of textiles and knitted garments. The company is an integrated knitting, dyeing and finishing and garment factory. The company specialises in infant, children's, and women's wear using fabrics produced in-house. ASKML is equipped to produce a wide range of solid dyed, yarn dyed, and all-over printed fabrics using a variety of designs provided by the customer.
64GF Score

Get the complete analysis for DHA:APEXSPINN

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

BDT398.00
Price
BDT118.88
GF Value