Shahjalal Islami Bank (DHA:SHAHJABANK) Cyclically Adjusted Book per Share: BDT20.75 (As of Jun. 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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DHA:SHAHJABANK Shahjalal Islami Bank PLC DHA:SHAHJABANK
77 GF Score
Price BDT17.60
GF Value BDT25.18
Valuation Significantly Undervalued
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What is Shahjalal Islami Bank Cyclically Adjusted Book per Share?

Shahjalal Islami Bank DHA:SHAHJABANK +0.57% 77 Cyclically Adjusted Book per Share is BDT20.75 as of Jun. 2026. GuruFocus rates DHA:SHAHJABANK with a GF Score™ of 77/100 and a GF Value™ of BDT25.18 (Significantly Undervalued).

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.

Shahjalal Islami Bank's adjusted book value per share for the three months ended in Jun. 2026 was BDT24.332. 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 BDT20.75 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Shahjalal Islami Bank's average Cyclically Adjusted Book Growth Rate was 7.00% 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 (2026-09-02), Shahjalal Islami Bank's current stock price is BDT17.60. Shahjalal Islami Bank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BDT20.75. Shahjalal Islami Bank's Cyclically Adjusted PB Ratio of today is 0.85.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Shahjalal Islami Bank was 1.00. The lowest was 0.79. And the median was 0.86.


Shahjalal Islami Bank  (DHA:SHAHJABANK) 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.

Shahjalal Islami Bank's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=17.60/20.75
=0.85

* 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 Shahjalal Islami Bank was 1.00. The lowest was 0.79. And the median was 0.86.


Be Aware

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


Shahjalal Islami Bank Cyclically Adjusted Book per Share Related Terms


Shahjalal Islami Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Shahjalal Islami 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.

Shahjalal Islami Bank Cyclically Adjusted Book per Share Chart

Shahjalal Islami 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 19.94

Shahjalal Islami Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 19.40 19.78 19.94 20.42 20.75

Shahjalal Islami Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Shahjalal Islami 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.


Shahjalal Islami Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DHA:SHAHJABANK
77GF Score
Shahjalal Islami Bank PLC DHA:SHAHJABANK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Shahjalal Islami 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, Shahjalal Islami Bank's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book= Book Value per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=24.332/333.9520*333.9520
=24.332

Current CPI (Jun. 2026) = 333.9520.

Shahjalal Islami Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 11.685 241.432 16.163
201703 12.024 243.801 16.470
201706 12.366 244.955 16.859
201709 12.001 246.819 16.238
201712 12.232 246.524 16.570
201803 12.512 249.554 16.744
201806 12.930 251.989 17.136
201809 13.234 252.439 17.507
201812 13.351 251.233 17.747
201903 13.771 254.202 18.091
201906 14.296 256.143 18.639
201909 14.542 256.759 18.914
201912 14.846 256.974 19.293
202003 15.379 258.115 19.898
202006 15.770 257.797 20.429
202009 16.574 260.280 21.265
202012 16.146 260.474 20.701
202103 16.106 264.877 20.306
202106 17.123 271.696 21.047
202109 17.796 274.310 21.665
202112 17.817 278.802 21.341
202203 17.793 287.504 20.668
202206 19.013 296.311 21.428
202209 19.831 296.808 22.313
202212 19.724 296.797 22.193
202303 20.584 301.836 22.774
202306 20.822 305.109 22.790
202309 21.601 307.789 23.437
202312 21.383 306.746 23.280
202403 22.362 312.332 23.910
202406 22.356 314.175 23.763
202409 23.300 315.301 24.678
202412 21.088 315.605 22.314
202503 22.015 319.799 22.989
202506 22.332 322.561 23.121
202509 23.394 324.800 24.053
202512 23.067 324.054 23.772
202603 24.087 330.213 24.360
202606 24.332 333.952 24.332

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 BDT20.75 mean?
Shahjalal Islami Bank (DHA:SHAHJABANK) has a Cyclically Adjusted Book per Share of BDT20.75 as of Jun. 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 Shahjalal Islami Bank and its competitors.
Is Shahjalal Islami Bank's Cyclically Adjusted Book per Share too high?
Shahjalal Islami Bank's current Cyclically Adjusted Book per Share is BDT20.75. Overall, Shahjalal Islami Bank has a GF Score™ of 77/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Shahjalal Islami Bank's Cyclically Adjusted Book per Share compare to competitors?
Shahjalal Islami Bank's Cyclically Adjusted Book per Share of BDT20.75 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 Shahjalal Islami Bank and its competitors. Shahjalal Islami Bank's current Cyclically Adjusted Book per Share is BDT20.75. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Shahjalal Islami Bank stock overvalued right now?
Based on GuruFocus' analysis, Shahjalal Islami Bank (DHA:SHAHJABANK) is currently considered Significantly Undervalued. The stock's GF Value™ is BDT25.18, compared to a current price of BDT17.60 — trading 30.1% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT20.75. Shahjalal Islami Bank's overall GF Score™ is 77/100. 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 Shahjalal Islami Bank (DHA:SHAHJABANK), the current Cyclically Adjusted Book per Share is BDT20.75 as of Jun. 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 Shahjalal Islami Bank (DHA:SHAHJABANK) Overvalued in 2026?

Based on GuruFocus' analysis, Shahjalal Islami Bank stock appears to be undervalued. The current stock price of BDT17.60 is trading 30.1% below its estimated GF Value™ of BDT25.18. GuruFocus considers Shahjalal Islami Bank to be Significantly Undervalued.

Key valuation signals for DHA:SHAHJABANK:

  • Cyclically Adjusted Book per Share: BDT20.75
  • GF Value™: BDT25.18 vs. price of BDT17.60 (30.1% below fair value)
  • GF Score™: 77/100

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


Shahjalal Islami Bank Business Description

Address Gulshan Avenue, Plot No. 04, Block-CWN C, Shahjalal Islami Bank Tower, Dhaka, BGD, 1212
Shahjalal Islami Bank PLC provides commercial banking products and services in Bangladesh. It offers various deposit products, including current deposit accounts, savings deposit accounts, term deposit accounts, and short-notice deposit accounts. The company generates revenue from segments, namely, Corporate Banking, SME Banking, Retail Banking, and Treasury.
77GF Score

Get the complete analysis for DHA:SHAHJABANK

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

BDT17.60
Price
BDT25.18
GF Value