RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Cyclically Adjusted Book per Share: BDT19.39 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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DHA:RAKCERAMIC RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
67 GF Score
Price BDT31.40
GF Value BDT26.77
Valuation Modestly Overvalued
! 8 Warning Signs
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What is RAK Ceramics (Bangladesh) Cyclically Adjusted Book per Share?

RAK Ceramics (Bangladesh) DHA:RAKCERAMIC +0.96% 67 Cyclically Adjusted Book per Share is BDT19.39 as of Mar. 2026. GuruFocus rates DHA:RAKCERAMIC with a GF Score™ of 67/100 and a GF Value™ of BDT26.77 (Modestly Overvalued). The stock has 8 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.

RAK Ceramics (Bangladesh)'s adjusted book value per share for the three months ended in Mar. 2026 was BDT14.892. 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 BDT19.39 for the trailing ten years ended in Mar. 2026.

During the past 12 months, RAK Ceramics (Bangladesh)'s average Cyclically Adjusted Book Growth Rate was 1.50% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 2.20% 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 RAK Ceramics (Bangladesh) was 2.20% per year. The lowest was 2.20% per year. And the median was 2.20% per year.

As of today (2026-07-17), RAK Ceramics (Bangladesh)'s current stock price is BDT31.40. RAK Ceramics (Bangladesh)'s Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT19.39. RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio of today is 1.62.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of RAK Ceramics (Bangladesh) was 3.06. The lowest was 0.94. And the median was 1.57.


RAK Ceramics (Bangladesh)  (DHA:RAKCERAMIC) 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.

RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=31.40/19.39
=1.62

* 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 RAK Ceramics (Bangladesh) was 3.06. The lowest was 0.94. And the median was 1.57.


Be Aware

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


RAK Ceramics (Bangladesh) Cyclically Adjusted Book per Share Related Terms


RAK Ceramics (Bangladesh) Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for RAK Ceramics (Bangladesh)'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.

RAK Ceramics (Bangladesh) Cyclically Adjusted Book per Share Chart

RAK Ceramics (Bangladesh) 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 17.93 18.50 18.94 19.16

RAK Ceramics (Bangladesh) 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 19.11 19.23 19.31 19.16 19.39

DHA:RAKCERAMIC vs TT, JCI, CARR: Cyclically Adjusted Book per Share Comparison

For the Building Products & Equipment subindustry, RAK Ceramics (Bangladesh)'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.


RAK Ceramics (Bangladesh) Cyclically Adjusted PB Ratio vs Construction Industry

For the Construction industry and Industrials sector, RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where RAK Ceramics (Bangladesh)'s Cyclically Adjusted PB Ratio falls into.


DHA:RAKCERAMIC
67GF Score
RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RAK Ceramics (Bangladesh) 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, RAK Ceramics (Bangladesh)'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)
=14.892/330.2130*330.2130
=14.892

Current CPI (Mar. 2026) = 330.2130.

RAK Ceramics (Bangladesh) Quarterly Data

Book Value per Share CPI Adj_Book
201606 13.085 241.018 17.927
201609 13.549 241.428 18.532
201612 14.281 241.432 19.533
201703 13.174 243.801 17.843
201706 13.850 244.955 18.671
201709 14.475 246.819 19.366
201712 15.085 246.524 20.206
201803 17.214 249.554 22.778
201806 15.162 251.989 19.869
201809 15.661 252.439 20.486
201812 16.340 251.233 21.477
201903 18.416 254.202 23.923
201906 16.198 256.143 20.882
201909 16.646 256.759 21.408
201912 17.185 256.974 22.083
202003 17.539 258.115 22.438
202006 15.599 257.797 19.981
202009 15.893 260.280 20.163
202012 16.411 260.474 20.805
202103 15.913 264.877 19.838
202106 16.429 271.696 19.967
202109 16.885 274.310 20.326
202112 17.526 278.802 20.758
202203 16.844 287.504 19.346
202206 17.282 296.311 19.259
202209 17.569 296.808 19.546
202212 17.845 296.797 19.854
202303 17.211 301.836 18.829
202306 17.512 305.109 18.953
202309 17.800 307.789 19.097
202312 18.290 306.746 19.689
202403 17.398 312.332 18.394
202406 17.376 314.175 18.263
202409 17.031 315.301 17.836
202412 17.226 315.605 18.023
202503 16.167 319.799 16.693
202506 15.735 322.561 16.108
202509 15.791 324.800 16.054
202512 15.301 324.054 15.592
202603 14.892 330.213 14.892

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 BDT19.39 mean?
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) has a Cyclically Adjusted Book per Share of BDT19.39 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 RAK Ceramics (Bangladesh) and its competitors.
Is RAK Ceramics (Bangladesh)'s Cyclically Adjusted Book per Share too high?
RAK Ceramics (Bangladesh)'s current Cyclically Adjusted Book per Share is BDT19.39. Overall, RAK Ceramics (Bangladesh) has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RAK Ceramics (Bangladesh)'s Cyclically Adjusted Book per Share compare to TT and JCI?
RAK Ceramics (Bangladesh)'s Cyclically Adjusted Book per Share of BDT19.39 can be compared against companies in the Construction 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 Construction company?
A good Cyclically Adjusted Book per Share depends on the Construction 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 RAK Ceramics (Bangladesh) and its competitors. RAK Ceramics (Bangladesh)'s current Cyclically Adjusted Book per Share is BDT19.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAK Ceramics (Bangladesh) stock overvalued right now?
Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT26.77, compared to a current price of BDT31.40 — trading 17.3% above its estimated fair value. The current Cyclically Adjusted Book per Share is BDT19.39. RAK Ceramics (Bangladesh)'s overall GF Score™ is 67/100 with 8 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC), the current Cyclically Adjusted Book per Share is BDT19.39 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Overvalued in 2026?

Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) stock appears to be overvalued. The current stock price of BDT31.40 is trading 17.3% above its estimated GF Value™ of BDT26.77. GuruFocus considers RAK Ceramics (Bangladesh) to be Modestly Overvalued.

Key valuation signals for DHA:RAKCERAMIC:

  • Cyclically Adjusted Book per Share: BDT19.39
  • GF Value™: BDT26.77 vs. price of BDT31.40 (17.3% above fair value)
  • GF Score™: 67/100 with 8 warning signs

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


RAK Ceramics (Bangladesh) Business Description

Address Plot 1/A Jasimuddin Avenue, RAK Tower, 7th, 8th & 9th Floors, Sector-3, Uttara Model Town, Dhaka, BGD, 1230
RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets, and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security, and services. Substantial revenue for the group is derived from the Ceramics and sanitary ware segment that engages in manufacturing and marketing of ceramic tiles, bathroom sets, and all types of sanitary ware.
67GF Score

Get the complete analysis for DHA:RAKCERAMIC

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

BDT31.40
Price
BDT26.77
GF Value