Trust Bank (DHA:TRUSTBANK) Cyclically Adjusted Book per Share: BDT21.77 (As of Jun. 2026)

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Director of Data and Quant Analytics at GuruFocus
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DHA:TRUSTBANK Trust Bank PLC DHA:TRUSTBANK
70 GF Score
Price BDT14.90
GF Value BDT19.56
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Trust Bank Cyclically Adjusted Book per Share?

Trust Bank DHA:TRUSTBANK 70 Cyclically Adjusted Book per Share is BDT21.77 as of Jun. 2026. GuruFocus rates DHA:TRUSTBANK with a GF Score™ of 70/100 and a GF Value™ of BDT19.56 (Modestly Undervalued). The stock has 1 warning sign 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.

Trust Bank's adjusted book value per share for the three months ended in Jun. 2026 was BDT30.058. 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 BDT21.77 for the trailing ten years ended in Jun. 2026.

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 (2026-08-29), Trust Bank's current stock price is BDT14.90. Trust Bank's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BDT21.77. Trust Bank's Cyclically Adjusted PB Ratio of today is 0.68.

During the past 11 years, the highest Cyclically Adjusted PB Ratio of Trust Bank was 0.88. The lowest was 0.69. And the median was 0.80.


Trust Bank  (DHA:TRUSTBANK) 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.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=14.90/21.77
=0.68

* 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 11 years, the highest Cyclically Adjusted PB Ratio of Trust Bank was 0.88. The lowest was 0.69. And the median was 0.80.


Be Aware

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


Trust Bank Cyclically Adjusted Book per Share Related Terms


Trust Bank Cyclically Adjusted Book per Share Historical Data

* Premium members only.

The historical data trend for Trust 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.

Trust Bank Cyclically Adjusted Book per Share Chart

Trust 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 20.71

Trust 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 0.00 20.33 20.71 21.29 21.77

Trust Bank Cyclically Adjusted Book per Share Competitor Comparison

For the Banks - Regional subindustry, Trust 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.


Trust Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DHA:TRUSTBANK
70GF Score
Trust Bank PLC DHA:TRUSTBANK
Cyclically Adjusted Book per Share is just one metric. See GF Score™, valuation, warning signs, and more.
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Trust 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, Trust 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)
=30.058/333.9520*333.9520
=30.058

Current CPI (Jun. 2026) = 333.9520.

Trust Bank Quarterly Data

Book Value per Share CPI Adj_Book
201609 0.000 241.428 0.000
201612 11.034 241.432 15.262
201703 11.578 243.801 15.859
201706 11.397 244.955 15.538
201709 11.959 246.819 16.181
201712 11.952 246.524 16.191
201803 0.000 249.554 0.000
201806 0.000 251.989 0.000
201809 0.000 252.439 0.000
201812 12.667 251.233 16.838
201903 13.070 254.202 17.170
201906 13.707 256.143 17.871
201909 14.251 256.759 18.535
201912 14.638 256.974 19.023
202003 15.197 258.115 19.662
202006 15.907 257.797 20.606
202009 17.109 260.280 21.952
202012 16.662 260.474 21.362
202103 17.279 264.877 21.785
202106 18.736 271.696 23.029
202109 18.601 274.310 22.645
202112 17.828 278.802 21.355
202203 18.704 287.504 21.726
202206 19.279 296.311 21.728
202209 19.391 296.808 21.818
202212 19.280 296.797 21.694
202303 19.426 301.836 21.493
202306 20.419 305.109 22.349
202309 20.764 307.789 22.529
202312 22.118 306.746 24.080
202403 22.311 312.332 23.855
202406 23.277 314.175 24.742
202409 23.384 315.301 24.767
202412 24.224 315.605 25.632
202503 24.743 319.799 25.838
202506 25.754 322.561 26.663
202509 26.952 324.800 27.711
202512 27.161 324.054 27.991
202603 27.804 330.213 28.119
202606 30.058 333.952 30.058

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 BDT21.77 mean?
Trust Bank (DHA:TRUSTBANK) has a Cyclically Adjusted Book per Share of BDT21.77 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 Trust Bank and its competitors.
Is Trust Bank's Cyclically Adjusted Book per Share too high?
Trust Bank's current Cyclically Adjusted Book per Share is BDT21.77. Overall, Trust Bank has a GF Score™ of 70/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Trust Bank's Cyclically Adjusted Book per Share compare to competitors?
Trust Bank's Cyclically Adjusted Book per Share of BDT21.77 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 Trust Bank and its competitors. Trust Bank's current Cyclically Adjusted Book per Share is BDT21.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Trust Bank stock overvalued right now?
Based on GuruFocus' analysis, Trust Bank (DHA:TRUSTBANK) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT19.56, compared to a current price of BDT14.90 — trading 23.8% below its estimated fair value. The current Cyclically Adjusted Book per Share is BDT21.77. Trust Bank's overall GF Score™ is 70/100 with 1 warning sign 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 Trust Bank (DHA:TRUSTBANK), the current Cyclically Adjusted Book per Share is BDT21.77 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 Trust Bank (DHA:TRUSTBANK) Overvalued in 2026?

Based on GuruFocus' analysis, Trust Bank stock appears to be undervalued. The current stock price of BDT14.90 is trading 23.8% below its estimated GF Value™ of BDT19.56. GuruFocus considers Trust Bank to be Modestly Undervalued.

Key valuation signals for DHA:TRUSTBANK:

  • Cyclically Adjusted Book per Share: BDT21.77
  • GF Value™: BDT19.56 vs. price of BDT14.90 (23.8% below fair value)
  • GF Score™: 70/100 with 1 warning sign

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


Trust Bank Business Description

Address Shadhinata Tower, Bir Srestha Shaheed Jahangir Gate, Dhaka Cantonment, Dhaka, BGD, 1206
Trust Bank PLC is a full-service commercial bank. The Bank offers a wide range of banking products and services, such as Retail banking, SME banking, Islamic banking, corporate banking, and international banking, among others. The bank provides a range of banking services that include deposit banking, loans & advances, export-import financing, and national & international remittance facilities, issuing debit and credit cards, SMS banking, internet banking, call center, dealing in government securities, etc.
70GF Score

Get the complete analysis for DHA:TRUSTBANK

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

BDT14.90
Price
BDT19.56
GF Value