Dhaka Bank (DHA:DHAKABANK) Cyclically Adjusted Book per Share: BDT22.22 (As of Mar. 2026)

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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.
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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:DHAKABANK Dhaka Bank PLC DHA:DHAKABANK
73 GF Score
Price BDT12.20
GF Value BDT13.37
Valuation Fairly Valued
! 2 Warning Signs
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What is Dhaka Bank Cyclically Adjusted Book per Share?

Dhaka Bank DHA:DHAKABANK -0.81% 73 Cyclically Adjusted Book per Share is BDT22.22 as of Mar. 2026. GuruFocus rates DHA:DHAKABANK with a GF Score™ of 73/100 and a GF Value™ of BDT13.37 (Fairly Valued). The stock has 2 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 Bank's adjusted book value per share for the three months ended in Mar. 2026 was BDT24.367. 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 BDT22.22 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Dhaka Bank's average Cyclically Adjusted Book Growth Rate was 6.10% 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.

As of today (2026-07-20), Dhaka Bank's current stock price is BDT12.20. Dhaka Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT22.22. Dhaka Bank's Cyclically Adjusted PB Ratio of today is 0.55.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dhaka Bank was 0.64. The lowest was 0.45. And the median was 0.53.


Dhaka Bank  (DHA:DHAKABANK) 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 Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=12.20/22.22
=0.55

* 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 Bank was 0.64. The lowest was 0.45. And the median was 0.53.


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 Bank Cyclically Adjusted Book per Share Related Terms


Dhaka Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Dhaka 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.

Dhaka Bank Cyclically Adjusted Book per Share Chart

Dhaka 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 21.74

Dhaka 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 20.94 21.31 21.63 21.74 22.22

Dhaka Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Dhaka 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.


Dhaka Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DHA:DHAKABANK
73GF Score
Dhaka Bank PLC DHA:DHAKABANK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dhaka 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, Dhaka 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)
=24.367/330.2130*330.2130
=24.367

Current CPI (Mar. 2026) = 330.2130.

Dhaka 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 14.112 241.432 19.301
201703 14.297 243.801 19.364
201706 14.023 244.955 18.904
201709 14.481 246.819 19.374
201712 14.975 246.524 20.059
201803 15.351 249.554 20.313
201806 0.000 251.989 0.000
201809 15.946 252.439 20.859
201812 16.320 251.233 21.451
201903 16.715 254.202 21.713
201906 16.540 256.143 21.323
201909 0.000 256.759 0.000
201912 16.932 256.974 21.758
202003 17.450 258.115 22.324
202006 17.612 257.797 22.559
202009 17.679 260.280 22.429
202012 18.389 260.474 23.312
202103 18.928 264.877 23.597
202106 18.843 271.696 22.901
202109 19.339 274.310 23.280
202112 19.837 278.802 23.495
202203 20.494 287.504 23.538
202206 19.912 296.311 22.190
202209 20.507 296.808 22.815
202212 20.351 296.797 22.642
202303 20.922 301.836 22.889
202306 20.997 305.109 22.725
202309 21.514 307.789 23.081
202312 21.199 306.746 22.821
202403 21.827 312.332 23.077
202406 21.499 314.175 22.596
202409 21.863 315.301 22.897
202412 21.466 315.605 22.460
202503 22.323 319.799 23.050
202506 22.457 322.561 22.990
202509 22.937 324.800 23.319
202512 23.644 324.054 24.093
202603 24.367 330.213 24.367

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 BDT22.22 mean?
Dhaka Bank (DHA:DHAKABANK) has a Cyclically Adjusted Book per Share of BDT22.22 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 Bank and its competitors.
Is Dhaka Bank's Cyclically Adjusted Book per Share too high?
Dhaka Bank's current Cyclically Adjusted Book per Share is BDT22.22. Overall, Dhaka Bank has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Dhaka Bank's Cyclically Adjusted Book per Share compare to competitors?
Dhaka Bank's Cyclically Adjusted Book per Share of BDT22.22 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 Dhaka Bank and its competitors. Dhaka Bank's current Cyclically Adjusted Book per Share is BDT22.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dhaka Bank stock overvalued right now?
Based on GuruFocus' analysis, Dhaka Bank (DHA:DHAKABANK) is currently considered Fairly Valued. The stock's GF Value™ is BDT13.37, compared to a current price of BDT12.20 — trading 8.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT22.22. Dhaka Bank's overall GF Score™ is 73/100 with 2 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 Bank (DHA:DHAKABANK), the current Cyclically Adjusted Book per Share is BDT22.22 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 Bank (DHA:DHAKABANK) Overvalued in 2026?

Based on GuruFocus' analysis, Dhaka Bank stock appears to be undervalued. The current stock price of BDT12.20 is trading 8.8% below its estimated GF Value™ of BDT13.37. GuruFocus considers Dhaka Bank to be Fairly Valued.

Key valuation signals for DHA:DHAKABANK:

  • Cyclically Adjusted Book per Share: BDT22.22
  • GF Value™: BDT13.37 vs. price of BDT12.20 (8.8% below fair value)
  • GF Score™: 73/100 with 2 warning signs

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


Dhaka Bank Business Description

Address Bir Uttam A K Khandakar Road, Plot-CWS(C), 10, Gulshan-1, Dhaka, BGD, 1212
Dhaka Bank PLC offers a full range of banking and investment services for personal and corporate customers across different regions in Bangladesh. These services are mainly offered through its Branches, ATMs, ADMs, and Internet Banking Channels. The Group offers current accounts, savings accounts, fixed deposits, short-notice deposits, loans, non-financial services, and digital banking, among other related products and services. Its operating segments include Conventional Banking, which generates the maximum revenue, Islamic Banking, Offshore Banking Unit, Dhaka Bank Securities Limited, and Dhaka Bank Investment Limited.
73GF Score

Get the complete analysis for DHA:DHAKABANK

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

BDT12.20
Price
BDT13.37
GF Value