Bank Asia (DHA:BANKASIA) Cyclically Adjusted Book per Share: BDT23.13 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:BANKASIA Bank Asia PLC DHA:BANKASIA
83 GF Score
Price BDT17.00
GF Value BDT18.47
Valuation Fairly Valued
! 1 Warning Sign
View Full Analysis

What is Bank Asia Cyclically Adjusted Book per Share?

Bank Asia DHA:BANKASIA 83 Cyclically Adjusted Book per Share is BDT23.13 as of Jun. 2026. GuruFocus rates DHA:BANKASIA with a GF Score™ of 83/100 and a GF Value™ of BDT18.47 (Fairly Valued). The stock has 1 warning sign 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.

Bank Asia's adjusted book value per share for the three months ended in Jun. 2026 was BDT26.924. 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 BDT23.13 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Bank Asia's average Cyclically Adjusted Book Growth Rate was 7.00% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 6.30% 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 Bank Asia was 6.30% per year. The lowest was 6.30% per year. And the median was 6.30% per year.

As of today (2026-09-04), Bank Asia's current stock price is BDT17.00. Bank Asia's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BDT23.13. Bank Asia's Cyclically Adjusted PB Ratio of today is 0.73.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Bank Asia was 0.94. The lowest was 0.64. And the median was 0.80.


Bank Asia  (DHA:BANKASIA) 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.

Bank Asia's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.00/23.13
=0.73

* 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 Bank Asia was 0.94. The lowest was 0.64. And the median was 0.80.


Be Aware

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


Bank Asia Cyclically Adjusted Book per Share Related Terms


Bank Asia Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Bank Asia'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.

Bank Asia Cyclically Adjusted Book per Share Chart

Bank Asia 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 18.36 19.54 20.73 22.03

Bank Asia Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 21.62 21.90 22.03 22.65 23.13

Bank Asia Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Bank Asia'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.


Bank Asia Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DHA:BANKASIA
83GF Score
Bank Asia PLC DHA:BANKASIA
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Asia 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, Bank Asia's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=26.924/333.9520*333.9520
=26.924

Current CPI (Jun. 2026) = 333.9520.

Bank Asia Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.881 241.428 17.817
201612 13.556 241.432 18.751
201703 13.792 243.801 18.892
201706 14.075 244.955 19.189
201709 14.544 246.819 19.678
201712 15.044 246.524 20.379
201803 15.467 249.554 20.698
201806 0.000 251.989 0.000
201809 16.508 252.439 21.838
201812 16.665 251.233 22.152
201903 17.143 254.202 22.521
201906 17.142 256.143 22.349
201909 17.882 256.759 23.258
201912 17.669 256.974 22.962
202003 18.704 258.115 24.199
202006 18.914 257.797 24.501
202009 19.288 260.280 24.747
202012 19.553 260.474 25.069
202103 19.230 264.877 24.245
202106 19.949 271.696 24.520
202109 19.710 274.310 23.995
202112 19.550 278.802 23.417
202203 19.195 287.504 22.296
202206 19.972 296.311 22.509
202209 20.540 296.808 23.110
202212 20.455 296.797 23.016
202303 20.094 301.836 22.232
202306 21.619 305.109 23.663
202309 21.999 307.789 23.869
202312 21.130 306.746 23.004
202403 21.662 312.332 23.161
202406 22.210 314.175 23.608
202409 22.249 315.301 23.565
202412 22.859 315.605 24.188
202503 24.582 319.799 25.670
202506 24.327 322.561 25.186
202509 26.988 324.800 27.748
202512 25.274 324.054 26.046
202603 26.781 330.213 27.084
202606 26.924 333.952 26.924

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 BDT23.13 mean?
Bank Asia (DHA:BANKASIA) has a Cyclically Adjusted Book per Share of BDT23.13 as of Jun. 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 Bank Asia and its competitors.
Is Bank Asia's Cyclically Adjusted Book per Share too high?
Bank Asia's current Cyclically Adjusted Book per Share is BDT23.13. Overall, Bank Asia has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank Asia's Cyclically Adjusted Book per Share compare to competitors?
Bank Asia's Cyclically Adjusted Book per Share of BDT23.13 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 Bank Asia and its competitors. Bank Asia's current Cyclically Adjusted Book per Share is BDT23.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Asia stock overvalued right now?
Based on GuruFocus' analysis, Bank Asia (DHA:BANKASIA) is currently considered Fairly Valued. The stock's GF Value™ is BDT18.47, compared to a current price of BDT17.00 — trading 8% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT23.13. Bank Asia's overall GF Score™ is 83/100 with 1 warning sign 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 Bank Asia (DHA:BANKASIA), the current Cyclically Adjusted Book per Share is BDT23.13 as of Jun. 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 Bank Asia (DHA:BANKASIA) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Asia stock appears to be undervalued. The current stock price of BDT17.00 is trading 8% below its estimated GF Value™ of BDT18.47. GuruFocus considers Bank Asia to be Fairly Valued.

Key valuation signals for DHA:BANKASIA:

  • Cyclically Adjusted Book per Share: BDT23.13
  • GF Value™: BDT18.47 vs. price of BDT17.00 (8% below fair value)
  • GF Score™: 83/100 with 1 warning sign

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


Bank Asia Business Description

Address 32 & 34 Kazi Nazrul Islam Avenue, Bank Asia Tower, Karwan Bazar, Dhaka, BGD, 1215
Bank Asia PLC is a Bangladesh-based Bank. The bank offers a range of banking products and services, including mobile banking, ATM services, credit card facilities, internet banking, foreign currency accounts, and additional services. Its principal activities include providing a range of conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, SME centers, and alternative delivery channels. The Bank's operating segments are comprised of Conventional Banking, Islamic Banking, Off-shore Banking, Bank Asia Securities Limited, BA Exchange Company (UK) Limited, and BA Express USA Inc., of which the maximum revenue is generated from its Conventional Banking segment. Geographically, it derives maximum revenue from operations in Bangladesh.
83GF Score

Get the complete analysis for DHA:BANKASIA

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

BDT17.00
Price
BDT18.47
GF Value