ACI Formulations (DHA:ACIFORMULA) Cyclically Adjusted PB Ratio: 2.13 (As of Sep. 10, 2026) — Near Median

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DHA:ACIFORMULA ACI Formulations PLC DHA:ACIFORMULA
91 GF Score
Price BDT152.70
GF Value BDT150.73
Valuation Fairly Valued
! 4 Warning Signs
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What is ACI Formulations Cyclically Adjusted PB Ratio?

ACI Formulations DHA:ACIFORMULA +3.11% 91 Cyclically Adjusted PB Ratio is 2.13 as of Sep. 10, 2026, which is 3% above its 10-year median of 2.06. GuruFocus rates DHA:ACIFORMULA with a GF Score™ of 91/100 and a GF Value™ of BDT150.73 (Fairly Valued). The stock has 4 warning signs investors should review. Among 163 Agriculture companies, ACI Formulations ranks worse than 65.64% on this metric.

As of today (2026-09-10), ACI Formulations's current share price is BDT152.70. ACI Formulations's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT71.62. ACI Formulations's Cyclically Adjusted PB Ratio for today is 2.13.

The historical rank and industry rank for ACI Formulations's Cyclically Adjusted PB Ratio or its related term are showing as below:

DHA:ACIFORMULA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.72   Med: 2.06   Max: 2.81
Current: 2.21

During the past years, ACI Formulations's highest Cyclically Adjusted PB Ratio was 2.81. The lowest was 1.72. And the median was 2.06.

DHA:ACIFORMULA's Cyclically Adjusted PB Ratio is ranked worse than
65.64% of 163 companies
in the Agriculture industry
Industry Median: 1.47 vs DHA:ACIFORMULA: 2.21

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.

ACI Formulations's adjusted book value per share data for the three months ended in Mar. 2026 was BDT81.168. 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 BDT71.62 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


ACI Formulations  (DHA:ACIFORMULA) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


ACI Formulations Cyclically Adjusted PB Ratio Related Terms


ACI Formulations Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for ACI Formulations's Cyclically Adjusted PB Ratio 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.

ACI Formulations Cyclically Adjusted PB Ratio Chart

ACI Formulations Annual Data
Trend Dec15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 2.57 1.98 1.86

ACI Formulations Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PB Ratio 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 1.93 1.86 2.05 1.83 1.91

DHA:ACIFORMULA vs CTVA, CF, MOS: Cyclically Adjusted PB Ratio Comparison

For the Agricultural Inputs subindustry, ACI Formulations'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.


ACI Formulations Cyclically Adjusted PB Ratio vs Agriculture Industry

For the Agriculture industry and Basic Materials sector, ACI Formulations's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DHA:ACIFORMULA
91GF Score
ACI Formulations PLC DHA:ACIFORMULA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

ACI Formulations Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

ACI Formulations's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=152.70/71.62
=2.13

* 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.

ACI Formulations's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, ACI Formulations'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)
=81.168/330.2130*330.2130
=81.168

Current CPI (Mar. 2026) = 330.2130.

ACI Formulations Quarterly Data

Book Value per Share CPI Adj_Book
201603 50.867 238.132 70.536
201609 48.742 241.428 66.667
201612 49.843 241.432 68.172
201703 51.429 243.801 69.657
201706 51.761 244.955 69.777
201709 51.866 246.819 69.390
201712 52.490 246.524 70.309
201803 52.942 249.554 70.054
201806 52.801 251.989 69.192
201809 53.193 252.439 69.581
201812 51.588 251.233 67.806
201903 52.361 254.202 68.018
201906 52.206 256.143 67.303
201909 52.347 256.759 67.323
201912 49.989 256.974 64.236
202003 50.611 258.115 64.748
202006 50.836 257.797 65.116
202009 51.240 260.280 65.007
202012 51.293 260.474 65.026
202103 52.777 264.877 65.795
202106 63.594 271.696 77.291
202109 64.711 274.310 77.899
202112 64.446 278.802 76.330
202203 65.972 287.504 75.772
202206 65.877 296.311 73.414
202209 67.430 296.808 75.019
202212 67.415 296.797 75.005
202303 68.740 301.836 75.203
202306 64.568 305.109 69.881
202309 66.211 307.789 71.035
202312 66.411 306.746 71.492
202403 68.451 312.332 72.370
202406 68.945 314.175 72.465
202409 71.299 315.301 74.671
202412 73.699 315.605 77.110
202503 75.591 319.799 78.053
202506 75.505 322.561 77.296
202509 77.360 324.800 78.649
202512 79.428 324.054 80.938
202603 81.168 330.213 81.168

Add all the adjusted book value per share together and divide the count will get our 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.

What does a Cyclically Adjusted PB Ratio of 2.13 mean?
ACI Formulations (DHA:ACIFORMULA) has a Cyclically Adjusted PB Ratio of 2.13 as of Sep. 10, 2026. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ACI Formulations and its competitors. This is near median its historical median of 2.06. Over the past decade, ACI Formulations' Cyclically Adjusted PB Ratio has ranged from 1.72 to 2.81. According to the industry distribution chart, ACI Formulations ranks #107 out of 163 companies in the Agriculture industry, placing it in the top 65.6%.
Is ACI Formulations' Cyclically Adjusted PB Ratio too high?
ACI Formulations' current Cyclically Adjusted PB Ratio of 2.13 is near median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.72 to a high of 2.81. The Agriculture industry median Cyclically Adjusted PB Ratio is 1.47. ACI Formulations' value of 2.13 is 44.9% above this industry median. Based on the distribution chart, ACI Formulations ranks #107 out of 163 companies in the Agriculture industry, which is below the industry midpoint. Overall, ACI Formulations has a GF Score™ of 91/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does ACI Formulations' Cyclically Adjusted PB Ratio compare to CTVA and CF?
According to the Agriculture industry distribution chart, ACI Formulations ranks #107 out of 163 companies for Cyclically Adjusted PB Ratio. This places ACI Formulations in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.47. ACI Formulations' value of 2.13 is 44.9% above this benchmark. Historically, ACI Formulations' own Cyclically Adjusted PB Ratio has ranged from 1.72 to 2.81 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.47, ACI Formulations has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PB Ratio for an Agriculture company?
The median Cyclically Adjusted PB Ratio among Agriculture companies is 1.47, based on 163 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ACI Formulations's current Cyclically Adjusted PB Ratio of 2.13 is 44.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PB Ratio mean?
A high Cyclically Adjusted PB Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PB Ratio is the ratio of share price to a company's inflation-adjusted book value per share over a 10-year period. View historical data on ACI Formulations and its competitors. For the Agriculture industry, the median Cyclically Adjusted PB Ratio is 1.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ACI Formulations's current Cyclically Adjusted PB Ratio is 2.13, which is near median its own 10-year median of 2.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ACI Formulations stock overvalued right now?
Based on GuruFocus' analysis, ACI Formulations (DHA:ACIFORMULA) is currently considered Fairly Valued. The stock's GF Value™ is BDT150.73, compared to a current price of BDT152.70 — trading 1.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.13, which is near median its 10-year median of 2.06 and 44.9% above the Agriculture industry median of 1.47. ACI Formulations' overall GF Score™ is 91/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For ACI Formulations (DHA:ACIFORMULA), the current Cyclically Adjusted PB Ratio is 2.13 as of Sep. 10, 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 ACI Formulations (DHA:ACIFORMULA) Overvalued in 2026?

Based on GuruFocus' analysis, ACI Formulations stock appears to be overvalued. The current stock price of BDT152.70 is trading 1.3% above its estimated GF Value™ of BDT150.73. GuruFocus considers ACI Formulations to be Fairly Valued.

Key valuation signals for DHA:ACIFORMULA:

  • Cyclically Adjusted PB Ratio: 2.13 (near median its 10-year median of 2.06)
  • GF Value™: BDT150.73 vs. price of BDT152.70 (1.3% above fair value)
  • GF Score™: 91/100 with 4 warning signs
  • Industry Position: 44.9% above the Agriculture median (#107 of 163)

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


ACI Formulations Business Description

Address ACI Centre, 245, Tejgaon Industrial Area, Dhaka, BGD, 1208
ACI Formulations PLC is engaged in the manufacturing and marketing of several agrochemical and consumer products. The company offers a complete range of cost-effective solutions for farmers through formulating and marketing insecticides, herbicides, fungicides, miticides, etc. Its businesses are Pharmaceuticals, Salt, Skincare & Antiseptics, Kitchen Care, Fabric Care, Surface Care, Herbal Care, Lavatory Care, and Others. The group's reportable segments are Crop Care and Public Health (CC & PH), which include manufacturing and selling crop care and public health products; Mosquito coil (M. Coil) includes manufacturing and selling mosquito coil products; Aerosol provides manufacturing and selling aerosol and air freshener products; and Paint covers manufacture and sell paint products.
91GF Score

Get the complete analysis for DHA:ACIFORMULA

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

BDT152.70
Price
BDT150.73
GF Value