BDCOM Online (DHA:BDCOM) Cyclically Adjusted PB Ratio: 2.25 (As of Aug. 06, 2026) — 11% Above Median

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DHA:BDCOM BDCOM Online Ltd DHA:BDCOM
85 GF Score
Price BDT33.50
GF Value BDT25.54
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is BDCOM Online Cyclically Adjusted PB Ratio?

BDCOM Online DHA:BDCOM -0.59% 85 Cyclically Adjusted PB Ratio is 2.25 as of Aug. 06, 2026, which is 11% above its 10-year median of 2.03. GuruFocus rates DHA:BDCOM with a GF Score™ of 85/100 and a GF Value™ of BDT25.54 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 290 Telecommunication Services companies, BDCOM Online ranks worse than 60% on this metric.

As of today (2026-08-06), BDCOM Online's current share price is BDT33.50. BDCOM Online's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT14.86. BDCOM Online's Cyclically Adjusted PB Ratio for today is 2.25.

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

DHA:BDCOM' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.37   Med: 2.03   Max: 4.87
Current: 2.21

During the past years, BDCOM Online's highest Cyclically Adjusted PB Ratio was 4.87. The lowest was 1.37. And the median was 2.03.

DHA:BDCOM's Cyclically Adjusted PB Ratio is ranked worse than
60% of 290 companies
in the Telecommunication Services industry
Industry Median: 1.705 vs DHA:BDCOM: 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.

BDCOM Online's adjusted book value per share data for the three months ended in Mar. 2026 was BDT14.820. 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 BDT14.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BDCOM Online  (DHA:BDCOM) 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.


BDCOM Online Cyclically Adjusted PB Ratio Related Terms


BDCOM Online Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for BDCOM Online'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.

BDCOM Online Cyclically Adjusted PB Ratio Chart

BDCOM Online Annual Data
Trend Jun16 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 2.32 2.55 1.63 1.49

BDCOM Online 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 1.63 1.49 1.74 1.68 1.82

DHA:BDCOM vs VZ, TMUS, T: Cyclically Adjusted PB Ratio Comparison

For the Telecom Services subindustry, BDCOM Online'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.


BDCOM Online Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, BDCOM Online's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DHA:BDCOM
85GF Score
BDCOM Online Ltd DHA:BDCOM
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BDCOM Online 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.

BDCOM Online's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=33.50/14.86
=2.25

* 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.

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

For example, BDCOM Online'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)
=14.82/330.2130*330.2130
=14.820

Current CPI (Mar. 2026) = 330.2130.

BDCOM Online Quarterly Data

Book Value per Share CPI Adj_Book
201606 9.433 241.018 12.924
201609 9.697 241.428 13.263
201612 8.910 241.432 12.186
201703 10.178 243.801 13.785
201706 10.249 244.955 13.816
201709 10.407 246.819 13.923
201712 11.224 246.524 15.034
201803 10.719 249.554 14.184
201806 10.950 251.989 14.349
201809 11.193 252.439 14.641
201812 12.270 251.233 16.127
201903 11.616 254.202 15.089
201906 11.775 256.143 15.180
201909 12.025 256.759 15.465
201912 12.859 256.974 16.524
202003 11.940 258.115 15.275
202006 12.291 257.797 15.744
202009 12.450 260.280 15.795
202012 13.259 260.474 16.809
202103 12.478 264.877 15.556
202106 12.808 271.696 15.567
202109 13.047 274.310 15.706
202112 13.040 278.802 15.445
202203 13.372 287.504 15.358
202206 13.610 296.311 15.167
202209 13.888 296.808 15.451
202212 13.408 296.797 14.918
202303 13.751 301.836 15.044
202306 13.874 305.109 15.016
202309 14.178 307.789 15.211
202312 13.526 306.746 14.561
202403 13.559 312.332 14.335
202406 13.780 314.175 14.483
202409 14.039 315.301 14.703
202412 13.844 315.605 14.485
202503 13.871 319.799 14.323
202506 14.131 322.561 14.466
202509 14.449 324.800 14.690
202512 14.793 324.054 15.074
202603 14.820 330.213 14.820

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 2.25 mean?
BDCOM Online (DHA:BDCOM) has a Cyclically Adjusted PB Ratio of 2.25 as of Aug. 06, 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 BDCOM Online and its competitors. This is 11% above median its historical median of 2.03. Over the past decade, BDCOM Online's Cyclically Adjusted PB Ratio has ranged from 1.37 to 4.87. According to the industry distribution chart, BDCOM Online ranks #174 out of 290 companies in the Telecommunication Services industry, placing it in the top 60%.
Is BDCOM Online's Cyclically Adjusted PB Ratio too high?
BDCOM Online's current Cyclically Adjusted PB Ratio of 2.25 is 11% above median its 10-year median of 2.03. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 4.87. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.71. BDCOM Online's value of 2.25 is 32% above this industry median. Based on the distribution chart, BDCOM Online ranks #174 out of 290 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, BDCOM Online has a GF Score™ of 85/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does BDCOM Online's Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, BDCOM Online ranks #174 out of 290 companies for Cyclically Adjusted PB Ratio. This places BDCOM Online in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.71. BDCOM Online's value of 2.25 is 32% above this benchmark. Historically, BDCOM Online's own Cyclically Adjusted PB Ratio has ranged from 1.37 to 4.87 over the past decade. While the company's 10-year median is 2.03 vs. the industry median of 1.71, BDCOM Online 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 a Telecommunication Services company?
The median Cyclically Adjusted PB Ratio among Telecommunication Services companies is 1.71, based on 290 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. BDCOM Online's current Cyclically Adjusted PB Ratio of 2.25 is 32% 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 BDCOM Online and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BDCOM Online's current Cyclically Adjusted PB Ratio is 2.25, which is 11% above median its own 10-year median of 2.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BDCOM Online stock overvalued right now?
Based on GuruFocus' analysis, BDCOM Online (DHA:BDCOM) is currently considered Significantly Overvalued. The stock's GF Value™ is BDT25.54, compared to a current price of BDT33.50 — trading 31.2% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.25, which is 11% above median its 10-year median of 2.03 and 32% above the Telecommunication Services industry median of 1.71. BDCOM Online's overall GF Score™ is 85/100 with 9 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 BDCOM Online (DHA:BDCOM), the current Cyclically Adjusted PB Ratio is 2.25 as of Aug. 06, 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 BDCOM Online (DHA:BDCOM) Overvalued in 2026?

Based on GuruFocus' analysis, BDCOM Online stock appears to be overvalued. The current stock price of BDT33.50 is trading 31.2% above its estimated GF Value™ of BDT25.54. GuruFocus considers BDCOM Online to be Significantly Overvalued.

Key valuation signals for DHA:BDCOM:

  • Cyclically Adjusted PB Ratio: 2.25 (11% above median its 10-year median of 2.03)
  • GF Value™: BDT25.54 vs. price of BDT33.50 (31.2% above fair value)
  • GF Score™: 85/100 with 9 warning signs
  • Industry Position: 32% above the Telecommunication Services median (#174 of 290)

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


BDCOM Online Business Description

Address Road No 1, Gulshan Avenue, House No 1, 5th floor, JL Bhaban, Gulshan-1, Dhaka, BGD, 1212
BDCOM Online Ltd operates as an internet service provider (ISP) in Bangladesh. The company's operating segments include Unit-1 for internet, data connectivity, hardware, and other IT-enabled services; Unit-2 for software development, graphic design, VTS support and service, web development, domain registration, and domain hosting; and Unit-3 for IP telephony services and goods. It generates maximum revenue from the Unit -1 segment which includes Internet/Data Connectivity Services. The company offers its services to NBFI, corporate, telecom, and home users.
85GF Score

Get the complete analysis for DHA:BDCOM

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

BDT33.50
Price
BDT25.54
GF Value