Khulna Power Co (DHA:KPCL) Cyclically Adjusted Book per Share: BDT26.33 (As of Mar. 2026)

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DHA:KPCL Khulna Power Co Ltd DHA:KPCL
57 GF Score
Price BDT10.40
GF Value BDT4.06
Valuation Significantly Overvalued
! 4 Warning Signs
View Full Analysis

What is Khulna Power Co Cyclically Adjusted Book per Share?

Khulna Power Co DHA:KPCL +0.97% 57 Cyclically Adjusted Book per Share is BDT26.33 as of Mar. 2026. GuruFocus rates DHA:KPCL with a GF Score™ of 57/100 and a GF Value™ of BDT4.06 (Significantly Overvalued). 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.

Khulna Power Co's adjusted book value per share for the three months ended in Mar. 2026 was BDT19.610. 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 BDT26.33 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Khulna Power Co's average Cyclically Adjusted Book Growth Rate was -1.30% 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.

As of today (2026-07-14), Khulna Power Co's current stock price is BDT10.40. Khulna Power Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT26.33. Khulna Power Co's Cyclically Adjusted PB Ratio of today is 0.39.

During the past 12 years, the highest Cyclically Adjusted PB Ratio of Khulna Power Co was 1.01. The lowest was 0.35. And the median was 0.44.


Khulna Power Co  (DHA:KPCL) 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.

Khulna Power Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=10.40/26.33
=0.39

* 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 12 years, the highest Cyclically Adjusted PB Ratio of Khulna Power Co was 1.01. The lowest was 0.35. And the median was 0.44.


Be Aware

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


Khulna Power Co Cyclically Adjusted Book per Share Related Terms


Khulna Power Co Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Khulna Power 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.

Khulna Power Co Cyclically Adjusted Book per Share Chart

Khulna Power Co Annual Data
Trend Dec15 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 0.00 0.00 26.86 26.59

Khulna Power 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 26.67 26.59 26.53 26.16 26.33

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

For the Utilities - Regulated Electric subindustry, Khulna Power 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.


Khulna Power Co Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

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

* The bar in red indicates where Khulna Power Co's Cyclically Adjusted PB Ratio falls into.


DHA:KPCL
57GF Score
Khulna Power Co Ltd DHA:KPCL
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Khulna Power 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, Khulna Power 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)
=19.61/330.2130*330.2130
=19.610

Current CPI (Mar. 2026) = 330.2130.

Khulna Power Co Quarterly Data

Book Value per Share CPI Adj_Book
201603 0.000 238.132 0.000
201609 23.682 241.428 32.391
201612 24.681 241.432 33.757
201703 22.768 243.801 30.838
201706 23.814 244.955 32.103
201709 25.092 246.819 33.570
201712 21.294 246.524 28.523
201803 22.390 249.554 29.627
201806 24.430 251.989 32.014
201809 25.818 252.439 33.772
201812 23.987 251.233 31.528
201903 24.795 254.202 32.209
201906 25.203 256.143 32.491
201909 26.314 256.759 33.842
201912 23.163 256.974 29.765
202003 23.832 258.115 30.489
202006 24.599 257.797 31.509
202009 25.513 260.280 32.368
202012 22.772 260.474 28.869
202103 23.845 264.877 29.727
202106 22.067 271.696 26.820
202109 21.968 274.310 26.445
202112 21.513 278.802 25.480
202203 21.457 287.504 24.644
202206 21.725 296.311 24.211
202209 19.757 296.808 21.981
202212 18.867 296.797 20.991
202303 18.809 301.836 20.577
202306 19.193 305.109 20.772
202309 19.354 307.789 20.764
202312 18.234 306.746 19.629
202403 18.137 312.332 19.175
202406 18.339 314.175 19.275
202409 18.384 315.301 19.253
202412 18.819 315.605 19.690
202503 18.870 319.799 19.484
202506 19.028 322.561 19.479
202509 19.273 324.800 19.594
202512 19.389 324.054 19.758
202603 19.610 330.213 19.610

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 BDT26.33 mean?
Khulna Power Co (DHA:KPCL) has a Cyclically Adjusted Book per Share of BDT26.33 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 Khulna Power Co and its competitors.
Is Khulna Power Co's Cyclically Adjusted Book per Share too high?
Khulna Power Co's current Cyclically Adjusted Book per Share is BDT26.33. Overall, Khulna Power Co has a GF Score™ of 57/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Khulna Power Co's Cyclically Adjusted Book per Share compare to NEE and SO?
Khulna Power Co's Cyclically Adjusted Book per Share of BDT26.33 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 Khulna Power Co and its competitors. Khulna Power Co's current Cyclically Adjusted Book per Share is BDT26.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Khulna Power Co stock overvalued right now?
Based on GuruFocus' analysis, Khulna Power Co (DHA:KPCL) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT4.06, compared to a current price of BDT10.40 — trading 156.2% above its estimated fair value. The current Cyclically Adjusted Book per Share is BDT26.33. Khulna Power Co's overall GF Score™ is 57/100 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 Khulna Power Co (DHA:KPCL), the current Cyclically Adjusted Book per Share is BDT26.33 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 Khulna Power Co (DHA:KPCL) Overvalued in 2026?

Based on GuruFocus' analysis, Khulna Power Co stock appears to be overvalued. The current stock price of BDT10.40 is trading 156.2% above its estimated GF Value™ of BDT4.06. GuruFocus considers Khulna Power Co to be Significantly Overvalued.

Key valuation signals for DHA:KPCL:

  • Cyclically Adjusted Book per Share: BDT26.33
  • GF Value™: BDT4.06 vs. price of BDT10.40 (156.2% above fair value)
  • GF Score™: 57/100 with 4 warning signs

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


Khulna Power Co Business Description

Address United House, Madani Avenue, United City, Dhaka, BGD, 1212
Khulna Power Co Ltd is engaged in generating electricity, selling such generated electricity to the Bangladesh Power Development Board, and acquiring fuel required for such electricity generation from home and abroad. The company receives revenue in the form of capacity, rental, and energy. The energy payment generates maximum revenue for the company.
57GF Score

Get the complete analysis for DHA:KPCL

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

BDT10.40
Price
BDT4.06
GF Value