Dutch-Bangla Bank (DHA:DUTCHBANGL) Cyclically Adjusted Book per Share: BDT40.81 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
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Director of Data and Quant Analytics at GuruFocus
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DHA:DUTCHBANGL Dutch-Bangla Bank PLC DHA:DUTCHBANGL
73 GF Score
Price BDT47.40
GF Value BDT58.42
Valuation Modestly Undervalued
! 4 Warning Signs
View Full Analysis

What is Dutch-Bangla Bank Cyclically Adjusted Book per Share?

Dutch-Bangla Bank DHA:DUTCHBANGL -1.86% 73 Cyclically Adjusted Book per Share is BDT40.81 as of Mar. 2026. GuruFocus rates DHA:DUTCHBANGL with a GF Score™ of 73/100 and a GF Value™ of BDT58.42 (Modestly Undervalued). The stock has 4 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.

Dutch-Bangla Bank's adjusted book value per share for the three months ended in Mar. 2026 was BDT61.750. 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 BDT40.81 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Dutch-Bangla Bank's average Cyclically Adjusted Book Growth Rate was 12.60% 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 (2026-07-27), Dutch-Bangla Bank's current stock price is BDT47.40. Dutch-Bangla Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT40.81. Dutch-Bangla Bank's Cyclically Adjusted PB Ratio of today is 1.16.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Dutch-Bangla Bank was 1.25. The lowest was 0.91. And the median was 1.02.


Dutch-Bangla Bank  (DHA:DUTCHBANGL) 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.

Dutch-Bangla Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=47.40/40.81
=1.16

* 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 Dutch-Bangla Bank was 1.25. The lowest was 0.91. And the median was 1.02.


Be Aware

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


Dutch-Bangla Bank Cyclically Adjusted Book per Share Related Terms


Dutch-Bangla Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Dutch-Bangla 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.

Dutch-Bangla Bank Cyclically Adjusted Book per Share Chart

Dutch-Bangla 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 39.49

Dutch-Bangla 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 36.23 37.45 38.59 39.49 40.81

Dutch-Bangla Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Dutch-Bangla 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.


Dutch-Bangla Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


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

Dutch-Bangla 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, Dutch-Bangla 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)
=61.75/330.2130*330.2130
=61.750

Current CPI (Mar. 2026) = 330.2130.

Dutch-Bangla 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 17.411 241.432 23.813
201703 17.331 243.801 23.474
201706 18.156 244.955 24.475
201709 18.779 246.819 25.124
201712 19.194 246.524 25.710
201803 19.229 249.554 25.444
201806 20.201 251.989 26.472
201809 21.219 252.439 27.756
201812 22.744 251.233 29.894
201903 23.209 254.202 30.149
201906 24.615 256.143 31.733
201909 26.043 256.759 33.493
201912 27.037 256.974 34.743
202003 27.758 258.115 35.512
202006 32.061 257.797 41.067
202009 32.650 260.280 41.423
202012 31.779 260.474 40.287
202103 32.670 264.877 40.729
202106 33.120 271.696 40.253
202109 34.790 274.310 41.880
202112 36.419 278.802 43.135
202203 41.275 287.504 47.406
202206 37.763 296.311 42.084
202209 43.176 296.808 48.035
202212 41.022 296.797 45.641
202303 46.481 301.836 50.851
202306 42.088 305.109 45.551
202309 43.757 307.789 46.945
202312 47.459 306.746 51.090
202403 48.651 312.332 51.436
202406 48.106 314.175 50.562
202409 48.437 315.301 50.728
202412 50.844 315.605 53.197
202503 51.602 319.799 53.282
202506 50.902 322.561 52.110
202509 52.383 324.800 53.256
202512 59.181 324.054 60.306
202603 61.750 330.213 61.750

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 BDT40.81 mean?
Dutch-Bangla Bank (DHA:DUTCHBANGL) has a Cyclically Adjusted Book per Share of BDT40.81 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 Dutch-Bangla Bank and its competitors.
Is Dutch-Bangla Bank's Cyclically Adjusted Book per Share too high?
Dutch-Bangla Bank's current Cyclically Adjusted Book per Share is BDT40.81. Overall, Dutch-Bangla Bank has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dutch-Bangla Bank's Cyclically Adjusted Book per Share compare to competitors?
Dutch-Bangla Bank's Cyclically Adjusted Book per Share of BDT40.81 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 Dutch-Bangla Bank and its competitors. Dutch-Bangla Bank's current Cyclically Adjusted Book per Share is BDT40.81. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dutch-Bangla Bank stock overvalued right now?
Based on GuruFocus' analysis, Dutch-Bangla Bank (DHA:DUTCHBANGL) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT58.42, compared to a current price of BDT47.40 — trading 18.9% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT40.81. Dutch-Bangla Bank's overall GF Score™ is 73/100 with 4 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 Dutch-Bangla Bank (DHA:DUTCHBANGL), the current Cyclically Adjusted Book per Share is BDT40.81 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 Dutch-Bangla Bank (DHA:DUTCHBANGL) Overvalued in 2026?

Based on GuruFocus' analysis, Dutch-Bangla Bank stock appears to be undervalued. The current stock price of BDT47.40 is trading 18.9% below its estimated GF Value™ of BDT58.42. GuruFocus considers Dutch-Bangla Bank to be Modestly Undervalued.

Key valuation signals for DHA:DUTCHBANGL:

  • Cyclically Adjusted Book per Share: BDT40.81
  • GF Value™: BDT58.42 vs. price of BDT47.40 (18.9% below fair value)
  • GF Score™: 73/100 with 4 warning signs

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


Dutch-Bangla Bank Business Description

Address 47 Motijheel Commercial Area, Dhaka, BGD, 1000
Dutch-Bangla Bank PLC offers a range of banking and investment services for personal and corporate customers. The principal activity of the Bank is to carry on all kinds of commercial banking business in Bangladesh. It provides a full range of real-time online banking services such as retail loan products, business loans, LC trade, and deposits, through all Branches, Internet Payment Gateway, ATMs, ADMs, and Internet Banking Channels. The company's business segments are; Corporate Banking which generates maximum revenue, Retail Banking, SME Banking, Financial Inclusion, Treasury, and Off-shore Banking Unit.
73GF Score

Get the complete analysis for DHA:DUTCHBANGL

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

BDT47.40
Price
BDT58.42
GF Value