Dhaka Electric Supply Co (DHA:DESCO) Cyclically Adjusted Book per Share: BDT56.92 (As of Mar. 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:DESCO Dhaka Electric Supply Co Ltd DHA:DESCO
65 GF Score
Price BDT23.00
GF Value BDT31.12
Valuation Modestly Undervalued
! 7 Warning Signs
View Full Analysis

What is Dhaka Electric Supply Co Cyclically Adjusted Book per Share?

Dhaka Electric Supply Co DHA:DESCO 65 Cyclically Adjusted Book per Share is BDT56.92 as of Mar. 2026. GuruFocus rates DHA:DESCO with a GF Score™ of 65/100 and a GF Value™ of BDT31.12 (Modestly Undervalued). The stock has 7 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.

Dhaka Electric Supply Co's adjusted book value per share for the three months ended in Mar. 2026 was BDT35.263. 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 BDT56.92 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Dhaka Electric Supply Co's average Cyclically Adjusted Book Growth Rate was 0.70% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 4.80% 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 Dhaka Electric Supply Co was 4.80% per year. The lowest was 4.80% per year. And the median was 4.80% per year.

As of today (2026-09-05), Dhaka Electric Supply Co's current stock price is BDT23.00. Dhaka Electric Supply Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT56.92. Dhaka Electric Supply Co's Cyclically Adjusted PB Ratio of today is 0.40.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dhaka Electric Supply Co was 0.97. The lowest was 0.34. And the median was 0.47.


Dhaka Electric Supply Co  (DHA:DESCO) 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.

Dhaka Electric Supply Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=23.00/56.92
=0.40

* 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 Dhaka Electric Supply Co was 0.97. The lowest was 0.34. And the median was 0.47.


Be Aware

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


Dhaka Electric Supply Co Cyclically Adjusted Book per Share Related Terms


Dhaka Electric Supply Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Dhaka Electric Supply Co'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.

Dhaka Electric Supply Co Cyclically Adjusted Book per Share Chart

Dhaka Electric Supply Co 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 49.23 53.80 56.23 56.70

Dhaka Electric Supply Co 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 56.55 56.70 56.71 56.20 56.92

DHA:DESCO vs NEE, SO, DUK: Cyclically Adjusted Book per Share Comparison

For the Utilities - Regulated Electric subindustry, Dhaka Electric Supply Co'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.


Dhaka Electric Supply Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Dhaka Electric Supply Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Dhaka Electric Supply Co's Cyclically Adjusted PB Ratio falls into.


DHA:DESCO
65GF Score
Dhaka Electric Supply Co Ltd DHA:DESCO
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dhaka Electric Supply Co 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, Dhaka Electric Supply Co'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)
=35.263/330.2130*330.2130
=35.263

Current CPI (Mar. 2026) = 330.2130.

Dhaka Electric Supply Co Quarterly Data

Book Value per Share CPI Adj_Book
201606 36.847 241.018 50.483
201609 37.831 241.428 51.743
201612 38.585 241.432 52.774
201703 37.491 243.801 50.779
201706 37.783 244.955 50.934
201709 38.309 246.819 51.253
201712 39.621 246.524 53.071
201803 39.307 249.554 52.012
201806 40.114 251.989 52.566
201809 41.085 252.439 53.743
201812 44.339 251.233 58.278
201903 44.129 254.202 57.324
201906 46.226 256.143 59.593
201909 47.433 256.759 61.003
201912 48.365 256.974 62.149
202003 0.000 258.115 0.000
202006 46.757 257.797 59.891
202009 47.022 260.280 59.656
202012 47.221 260.474 59.864
202103 46.415 264.877 57.864
202106 71.517 271.696 86.920
202109 65.403 274.310 78.732
202112 65.790 278.802 77.922
202203 64.855 287.504 74.489
202206 74.431 296.311 82.947
202209 75.161 296.808 83.620
202212 66.078 296.797 73.518
202303 71.898 301.836 78.657
202306 60.394 305.109 65.363
202309 57.337 307.789 61.514
202312 0.000 306.746 0.000
202403 54.048 312.332 57.142
202406 47.499 314.175 49.924
202409 31.331 315.301 32.813
202412 33.093 315.605 34.625
202503 31.466 319.799 32.491
202506 31.261 322.561 32.003
202509 32.727 324.800 33.272
202512 35.964 324.054 36.648
202603 35.263 330.213 35.263

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 BDT56.92 mean?
Dhaka Electric Supply Co (DHA:DESCO) has a Cyclically Adjusted Book per Share of BDT56.92 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 Dhaka Electric Supply Co and its competitors.
Is Dhaka Electric Supply Co's Cyclically Adjusted Book per Share too high?
Dhaka Electric Supply Co's current Cyclically Adjusted Book per Share is BDT56.92. Overall, Dhaka Electric Supply Co has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dhaka Electric Supply Co's Cyclically Adjusted Book per Share compare to NEE and SO?
Dhaka Electric Supply Co's Cyclically Adjusted Book per Share of BDT56.92 can be compared against companies in the Utilities - Regulated 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 an Utilities - Regulated company?
A good Cyclically Adjusted Book per Share depends on the Utilities - Regulated 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 Dhaka Electric Supply Co and its competitors. Dhaka Electric Supply Co's current Cyclically Adjusted Book per Share is BDT56.92. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhaka Electric Supply Co stock overvalued right now?
Based on GuruFocus' analysis, Dhaka Electric Supply Co (DHA:DESCO) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT31.12, compared to a current price of BDT23.00 — trading 26.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT56.92. Dhaka Electric Supply Co's overall GF Score™ is 65/100 with 7 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 Dhaka Electric Supply Co (DHA:DESCO), the current Cyclically Adjusted Book per Share is BDT56.92 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 Dhaka Electric Supply Co (DHA:DESCO) Overvalued in 2026?

Based on GuruFocus' analysis, Dhaka Electric Supply Co stock appears to be undervalued. The current stock price of BDT23.00 is trading 26.1% below its estimated GF Value™ of BDT31.12. GuruFocus considers Dhaka Electric Supply Co to be Modestly Undervalued.

Key valuation signals for DHA:DESCO:

  • Cyclically Adjusted Book per Share: BDT56.92
  • GF Value™: BDT31.12 vs. price of BDT23.00 (26.1% below fair value)
  • GF Score™: 65/100 with 7 warning signs

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


Dhaka Electric Supply Co Business Description

Address 22-B Faruk Sarani, Nikunja-2, Khilkhet, Dhaka, BGD, 1229
Dhaka Electric Supply Co Ltd is a Bangladesh-based company engaged in the distribution of electricity. The firm provides electricity in various types of connections such as 230-volt single Phase, 400-volt three phases, 11 Kilo Volt Medium Tension, pre-paid connections, and post-paid connections. It also provides services that include transformer rental, electric line, and substation-related services, customer solar panel inspection, and tariff change service.
65GF Score

Get the complete analysis for DHA:DESCO

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

BDT23.00
Price
BDT31.12
GF Value