Bank Asia (DHA:BANKASIA) Cyclically Adjusted PB Ratio: 0.72 (As of Sep. 13, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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DHA:BANKASIA Bank Asia PLC DHA:BANKASIA
80 GF Score
Price BDT16.70
GF Value BDT18.52
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Bank Asia Cyclically Adjusted PB Ratio?

Bank Asia DHA:BANKASIA -0.60% 80 Cyclically Adjusted PB Ratio is 0.72 as of Sep. 13, 2026, which is 9% below its 10-year median of 0.79. GuruFocus rates DHA:BANKASIA with a GF Score™ of 80/100 and a GF Value™ of BDT18.52 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,273 Banks companies, Bank Asia ranks better than 78.55% on this metric.

As of today (2026-09-13), Bank Asia's current share price is BDT16.70. Bank Asia's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BDT23.13. Bank Asia's Cyclically Adjusted PB Ratio for today is 0.72.

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

DHA:BANKASIA' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.79   Max: 0.94
Current: 0.72

During the past years, Bank Asia's highest Cyclically Adjusted PB Ratio was 0.94. The lowest was 0.64. And the median was 0.79.

DHA:BANKASIA's Cyclically Adjusted PB Ratio is ranked better than
78.55% of 1273 companies
in the Banks industry
Industry Median: 1.29 vs DHA:BANKASIA: 0.72

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.

Bank Asia's adjusted book value per share data for the three months ended in Jun. 2026 was BDT26.924. 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 BDT23.13 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Asia  (DHA:BANKASIA) 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.


Bank Asia Cyclically Adjusted PB Ratio Related Terms


Bank Asia Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bank Asia'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.

Bank Asia Cyclically Adjusted PB Ratio Chart

Bank Asia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.92 0.87 0.69 0.76

Bank Asia Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.68 0.76 0.76 0.87 0.80

Bank Asia Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Bank Asia'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.


Bank Asia Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DHA:BANKASIA
80GF Score
Bank Asia PLC DHA:BANKASIA
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Asia 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.

Bank Asia's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=16.70/23.13
=0.72

* 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.

Bank Asia's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Bank Asia'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)
=26.924/333.9520*333.9520
=26.924

Current CPI (Jun. 2026) = 333.9520.

Bank Asia Quarterly Data

Book Value per Share CPI Adj_Book
201609 12.881 241.428 17.817
201612 13.556 241.432 18.751
201703 13.792 243.801 18.892
201706 14.075 244.955 19.189
201709 14.544 246.819 19.678
201712 15.044 246.524 20.379
201803 15.467 249.554 20.698
201806 0.000 251.989 0.000
201809 16.508 252.439 21.838
201812 16.665 251.233 22.152
201903 17.143 254.202 22.521
201906 17.142 256.143 22.349
201909 17.882 256.759 23.258
201912 17.669 256.974 22.962
202003 18.704 258.115 24.199
202006 18.914 257.797 24.501
202009 19.288 260.280 24.747
202012 19.553 260.474 25.069
202103 19.230 264.877 24.245
202106 19.949 271.696 24.520
202109 19.710 274.310 23.995
202112 19.550 278.802 23.417
202203 19.195 287.504 22.296
202206 19.972 296.311 22.509
202209 20.540 296.808 23.110
202212 20.455 296.797 23.016
202303 20.094 301.836 22.232
202306 21.619 305.109 23.663
202309 21.999 307.789 23.869
202312 21.130 306.746 23.004
202403 21.662 312.332 23.161
202406 22.210 314.175 23.608
202409 22.249 315.301 23.565
202412 22.859 315.605 24.188
202503 24.582 319.799 25.670
202506 24.327 322.561 25.186
202509 26.988 324.800 27.748
202512 25.274 324.054 26.046
202603 26.781 330.213 27.084
202606 26.924 333.952 26.924

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 0.72 mean?
Bank Asia (DHA:BANKASIA) has a Cyclically Adjusted PB Ratio of 0.72 as of Sep. 13, 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 Bank Asia and its competitors. This is near median its historical median of 0.79. Over the past decade, Bank Asia's Cyclically Adjusted PB Ratio has ranged from 0.64 to 0.94. According to the industry distribution chart, Bank Asia ranks #273 out of 1273 companies in the Banks industry, placing it in the top 21.4%.
Is Bank Asia's Cyclically Adjusted PB Ratio too high?
Bank Asia's current Cyclically Adjusted PB Ratio of 0.72 is near median its 10-year median of 0.79. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 0.94. The Banks industry median Cyclically Adjusted PB Ratio is 1.29. Bank Asia's value of 0.72 is 44.2% below this industry median. Based on the distribution chart, Bank Asia ranks #273 out of 1273 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bank Asia has a GF Score™ of 80/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bank Asia's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Bank Asia ranks #273 out of 1273 companies for Cyclically Adjusted PB Ratio. This places Bank Asia in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.29. Bank Asia's value of 0.72 is 44.2% below this benchmark. Historically, Bank Asia's own Cyclically Adjusted PB Ratio has ranged from 0.64 to 0.94 over the past decade. While the company's 10-year median is 0.79 vs. the industry median of 1.29, Bank Asia has consistently been below 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 a Banks company?
The median Cyclically Adjusted PB Ratio among Banks companies is 1.29, based on 1,273 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. Bank Asia's current Cyclically Adjusted PB Ratio of 0.72 is 44.2% below 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 Bank Asia and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank Asia's current Cyclically Adjusted PB Ratio is 0.72, which is near median its own 10-year median of 0.79. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Asia stock overvalued right now?
Based on GuruFocus' analysis, Bank Asia (DHA:BANKASIA) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT18.52, compared to a current price of BDT16.70 — trading 9.8% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.72, which is near median its 10-year median of 0.79 and 44.2% below the Banks industry median of 1.29. Bank Asia's overall GF Score™ is 80/100 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 PB Ratio calculated?
Cyclically Adjusted PB Ratio is calculated from a company's financial statements. For Bank Asia (DHA:BANKASIA), the current Cyclically Adjusted PB Ratio is 0.72 as of Sep. 13, 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 Bank Asia (DHA:BANKASIA) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Asia stock appears to be undervalued. The current stock price of BDT16.70 is trading 9.8% below its estimated GF Value™ of BDT18.52. GuruFocus considers Bank Asia to be Modestly Undervalued.

Key valuation signals for DHA:BANKASIA:

  • Cyclically Adjusted PB Ratio: 0.72 (near median its 10-year median of 0.79)
  • GF Value™: BDT18.52 vs. price of BDT16.70 (9.8% below fair value)
  • GF Score™: 80/100 with 1 warning sign
  • Industry Position: 44.2% below the Banks median (#273 of 1273)

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


Bank Asia Business Description

Address 32 & 34 Kazi Nazrul Islam Avenue, Bank Asia Tower, Karwan Bazar, Dhaka, BGD, 1215
Bank Asia PLC is a Bangladesh-based Bank. The bank offers a range of banking products and services, including mobile banking, ATM services, credit card facilities, internet banking, foreign currency accounts, and additional services. Its principal activities include providing a range of conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, SME centers, and alternative delivery channels. The Bank's operating segments are comprised of Conventional Banking, Islamic Banking, Off-shore Banking, Bank Asia Securities Limited, BA Exchange Company (UK) Limited, and BA Express USA Inc., of which the maximum revenue is generated from its Conventional Banking segment. Geographically, it derives maximum revenue from operations in Bangladesh.
80GF Score

Get the complete analysis for DHA:BANKASIA

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

BDT16.70
Price
BDT18.52
GF Value