Bangladesh Submarine Cables (DHA:BSCPLC) Cyclically Adjusted PB Ratio: 2.32 (As of Jul. 29, 2026) — 13% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

DHA:BSCPLC Bangladesh Submarine Cables PLC DHA:BSCPLC
86 GF Score
Price BDT161.60
GF Value BDT187.11
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Bangladesh Submarine Cables Cyclically Adjusted PB Ratio?

Bangladesh Submarine Cables DHA:BSCPLC +3.26% 86 Cyclically Adjusted PB Ratio is 2.32 as of Jul. 29, 2026, which is 13% above its 10-year median of 2.06. GuruFocus rates DHA:BSCPLC with a GF Score™ of 86/100 and a GF Value™ of BDT187.11 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 288 Telecommunication Services companies, Bangladesh Submarine Cables ranks worse than 59.72% on this metric.

As of today (2026-07-29), Bangladesh Submarine Cables's current share price is BDT161.60. Bangladesh Submarine Cables's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT69.51. Bangladesh Submarine Cables's Cyclically Adjusted PB Ratio for today is 2.32.

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

DHA:BSCPLC' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 1.84   Med: 2.06   Max: 2.37
Current: 2.27

During the past years, Bangladesh Submarine Cables's highest Cyclically Adjusted PB Ratio was 2.37. The lowest was 1.84. And the median was 2.06.

DHA:BSCPLC's Cyclically Adjusted PB Ratio is ranked worse than
59.72% of 288 companies
in the Telecommunication Services industry
Industry Median: 1.75 vs DHA:BSCPLC: 2.27

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.

Bangladesh Submarine Cables's adjusted book value per share data for the three months ended in Mar. 2026 was BDT98.708. 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 BDT69.51 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangladesh Submarine Cables  (DHA:BSCPLC) 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.


Bangladesh Submarine Cables Cyclically Adjusted PB Ratio Related Terms


Bangladesh Submarine Cables Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bangladesh Submarine Cables'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.

Bangladesh Submarine Cables Cyclically Adjusted PB Ratio Chart

Bangladesh Submarine Cables 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 0.00 0.00 0.00 1.96

Bangladesh Submarine Cables 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 0.00 1.96 2.07 1.88 1.99

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

For the Telecom Services subindustry, Bangladesh Submarine Cables'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.


Bangladesh Submarine Cables Cyclically Adjusted PB Ratio vs Telecommunication Services Industry

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

* The bar in red indicates where Bangladesh Submarine Cables's Cyclically Adjusted PB Ratio falls into.


DHA:BSCPLC
86GF Score
Bangladesh Submarine Cables PLC DHA:BSCPLC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bangladesh Submarine Cables 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.

Bangladesh Submarine Cables's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=161.60/69.51
=2.32

* 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.

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

For example, Bangladesh Submarine Cables'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)
=98.708/330.2130*330.2130
=98.708

Current CPI (Mar. 2026) = 330.2130.

Bangladesh Submarine Cables Quarterly Data

Book Value per Share CPI Adj_Book
201606 33.954 241.018 46.520
201609 33.258 241.428 45.489
201612 0.000 241.432 0.000
201703 0.000 243.801 0.000
201706 36.439 244.955 49.122
201709 36.466 246.819 48.787
201712 35.298 246.524 47.281
201803 35.379 249.554 46.814
201806 35.683 251.989 46.760
201809 36.150 252.439 47.287
201812 36.614 251.233 48.124
201903 37.657 254.202 48.917
201906 38.735 256.143 49.936
201909 39.777 256.759 51.156
201912 39.393 256.974 50.620
202003 41.115 258.115 52.599
202006 44.445 257.797 56.930
202009 42.939 260.280 54.476
202012 45.299 260.474 57.427
202103 48.498 264.877 60.461
202106 52.447 271.696 63.743
202109 55.706 274.310 67.059
202112 63.889 278.802 75.670
202203 67.921 287.504 78.011
202206 64.452 296.311 71.826
202209 68.992 296.808 76.757
202212 75.151 296.797 83.612
202303 79.153 301.836 86.595
202306 85.052 305.109 92.050
202309 88.936 307.789 95.415
202312 89.706 306.746 96.569
202403 92.161 312.332 97.437
202406 93.059 314.175 97.809
202409 85.022 315.301 89.043
202412 83.407 315.605 87.268
202503 86.407 319.799 89.221
202506 90.988 322.561 93.146
202509 94.657 324.800 96.235
202512 94.834 324.054 96.636
202603 98.708 330.213 98.708

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 2.32 mean?
Bangladesh Submarine Cables (DHA:BSCPLC) has a Cyclically Adjusted PB Ratio of 2.32 as of Jul. 29, 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 Bangladesh Submarine Cables and its competitors. This is 13% above median its historical median of 2.06. Over the past decade, Bangladesh Submarine Cables' Cyclically Adjusted PB Ratio has ranged from 1.84 to 2.37. According to the industry distribution chart, Bangladesh Submarine Cables ranks #172 out of 288 companies in the Telecommunication Services industry, placing it in the top 59.7%.
Is Bangladesh Submarine Cables' Cyclically Adjusted PB Ratio too high?
Bangladesh Submarine Cables' current Cyclically Adjusted PB Ratio of 2.32 is 13% above median its 10-year median of 2.06. Over the past 10 years, this metric has ranged from a low of 1.84 to a high of 2.37. The Telecommunication Services industry median Cyclically Adjusted PB Ratio is 1.75. Bangladesh Submarine Cables' value of 2.32 is 32.6% above this industry median. Based on the distribution chart, Bangladesh Submarine Cables ranks #172 out of 288 companies in the Telecommunication Services industry, which is below the industry midpoint. Overall, Bangladesh Submarine Cables has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Bangladesh Submarine Cables' Cyclically Adjusted PB Ratio compare to VZ and TMUS?
According to the Telecommunication Services industry distribution chart, Bangladesh Submarine Cables ranks #172 out of 288 companies for Cyclically Adjusted PB Ratio. This places Bangladesh Submarine Cables in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.75. Bangladesh Submarine Cables' value of 2.32 is 32.6% above this benchmark. Historically, Bangladesh Submarine Cables' own Cyclically Adjusted PB Ratio has ranged from 1.84 to 2.37 over the past decade. While the company's 10-year median is 2.06 vs. the industry median of 1.75, Bangladesh Submarine Cables 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 1.75, based on 288 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. Bangladesh Submarine Cables's current Cyclically Adjusted PB Ratio of 2.32 is 32.6% 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 Bangladesh Submarine Cables and its competitors. For the Telecommunication Services industry, the median Cyclically Adjusted PB Ratio is 1.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangladesh Submarine Cables's current Cyclically Adjusted PB Ratio is 2.32, which is 13% above 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 Bangladesh Submarine Cables stock overvalued right now?
Based on GuruFocus' analysis, Bangladesh Submarine Cables (DHA:BSCPLC) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT187.11, compared to a current price of BDT161.60 — trading 13.6% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.32, which is 13% above median its 10-year median of 2.06 and 32.6% above the Telecommunication Services industry median of 1.75. Bangladesh Submarine Cables' overall GF Score™ is 86/100 with 7 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 Bangladesh Submarine Cables (DHA:BSCPLC), the current Cyclically Adjusted PB Ratio is 2.32 as of Jul. 29, 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 Bangladesh Submarine Cables (DHA:BSCPLC) Overvalued in 2026?

Based on GuruFocus' analysis, Bangladesh Submarine Cables stock appears to be undervalued. The current stock price of BDT161.60 is trading 13.6% below its estimated GF Value™ of BDT187.11. GuruFocus considers Bangladesh Submarine Cables to be Modestly Undervalued.

Key valuation signals for DHA:BSCPLC:

  • Cyclically Adjusted PB Ratio: 2.32 (13% above median its 10-year median of 2.06)
  • GF Value™: BDT187.11 vs. price of BDT161.60 (13.6% below fair value)
  • GF Score™: 86/100 with 7 warning signs
  • Industry Position: 32.6% above the Telecommunication Services median (#172 of 288)

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


Bangladesh Submarine Cables Business Description

Address 191/1, Tejgaon-Gulshan Link Road, Rahman’s Regnum Center (7th and 8th Floor), Dhaka, BGD, 1208
Bangladesh Submarine Cables PLC provides high-capacity bandwidth through submarine cable to IGW, IIG, ISP, and other operators across Bangladesh, ensuring customers benefit from telecom and IT-related services. It is the sole provider of submarine cable bandwidth services in the country, manages the country's submarine cable systems, and also acts as an IIG service provider. The company provides bandwidth and IPLC services (E-1, STM-1, STM-4, STM-16, STM-64/10GE, and 100GE) to IIG and IGW operators, IP transit to IIGs and ISPs, IPLC to corporate and other BTRC-permitted customers, co-location services at its data center and landing stations, and National Internet Exchange (NIX) service.
86GF Score

Get the complete analysis for DHA:BSCPLC

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

BDT161.60
Price
BDT187.11
GF Value