Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) Cyclically Adjusted PB Ratio: 0.78 (As of Aug. 18, 2026) — Near Median

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Director of Data and Quant Analytics at GuruFocus
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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:BSRMLTD Bangladesh Steel Re-Rolling Mills Ltd DHA:BSRMLTD
87 GF Score
Price BDT97.50
GF Value BDT95.31
Valuation Fairly Valued
! 8 Warning Signs
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What is Bangladesh Steel Re-Rolling Mills Cyclically Adjusted PB Ratio?

Bangladesh Steel Re-Rolling Mills DHA:BSRMLTD -0.71% 87 Cyclically Adjusted PB Ratio is 0.78 as of Aug. 18, 2026, which is 7% above its 10-year median of 0.73. GuruFocus rates DHA:BSRMLTD with a GF Score™ of 87/100 and a GF Value™ of BDT95.31 (Fairly Valued). The stock has 8 warning signs investors should review. Among 477 Steel companies, Bangladesh Steel Re-Rolling Mills ranks better than 52.2% on this metric.

As of today (2026-08-18), Bangladesh Steel Re-Rolling Mills's current share price is BDT97.50. Bangladesh Steel Re-Rolling Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT124.80. Bangladesh Steel Re-Rolling Mills's Cyclically Adjusted PB Ratio for today is 0.78.

The historical rank and industry rank for Bangladesh Steel Re-Rolling Mills's Cyclically Adjusted PB Ratio or its related term are showing as below:

DHA:BSRMLTD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.64   Med: 0.73   Max: 0.9
Current: 0.8

During the past years, Bangladesh Steel Re-Rolling Mills's highest Cyclically Adjusted PB Ratio was 0.90. The lowest was 0.64. And the median was 0.73.

DHA:BSRMLTD's Cyclically Adjusted PB Ratio is ranked better than
52.2% of 477 companies
in the Steel industry
Industry Median: 0.86 vs DHA:BSRMLTD: 0.80

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 Steel Re-Rolling Mills's adjusted book value per share data for the three months ended in Mar. 2026 was BDT177.477. 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 BDT124.80 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bangladesh Steel Re-Rolling Mills  (DHA:BSRMLTD) 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 Steel Re-Rolling Mills Cyclically Adjusted PB Ratio Related Terms


Bangladesh Steel Re-Rolling Mills Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Bangladesh Steel Re-Rolling Mills'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 Steel Re-Rolling Mills Cyclically Adjusted PB Ratio Chart

Bangladesh Steel Re-Rolling Mills 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 0.00 0.88 0.67

Bangladesh Steel Re-Rolling Mills 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 0.68 0.67 0.75 0.63 0.67

DHA:BSRMLTD vs NUE, STLD, RS: Cyclically Adjusted PB Ratio Comparison

For the Steel subindustry, Bangladesh Steel Re-Rolling Mills'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 Steel Re-Rolling Mills Cyclically Adjusted PB Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, Bangladesh Steel Re-Rolling Mills's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Bangladesh Steel Re-Rolling Mills's Cyclically Adjusted PB Ratio falls into.


DHA:BSRMLTD
87GF Score
Bangladesh Steel Re-Rolling Mills Ltd DHA:BSRMLTD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bangladesh Steel Re-Rolling Mills 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 Steel Re-Rolling Mills's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=97.50/124.80
=0.78

* 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 Steel Re-Rolling Mills's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bangladesh Steel Re-Rolling Mills'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)
=177.477/330.2130*330.2130
=177.477

Current CPI (Mar. 2026) = 330.2130.

Bangladesh Steel Re-Rolling Mills Quarterly Data

Book Value per Share CPI Adj_Book
201606 43.673 241.018 59.835
201609 44.294 241.428 60.583
201612 45.342 241.432 62.015
201703 45.966 243.801 62.258
201706 46.075 244.955 62.112
201709 46.791 246.819 62.601
201712 48.411 246.524 64.845
201803 51.858 249.554 68.619
201806 57.913 251.989 75.891
201809 59.497 252.439 77.827
201812 59.638 251.233 78.386
201903 62.494 254.202 81.181
201906 97.461 256.143 125.644
201909 98.490 256.759 126.666
201912 97.542 256.974 125.342
202003 99.165 258.115 126.864
202006 99.893 257.797 127.953
202009 101.327 260.280 128.552
202012 81.715 260.474 103.593
202103 119.382 264.877 148.829
202106 127.555 271.696 155.027
202109 132.527 274.310 159.535
202112 132.141 278.802 156.508
202203 136.113 287.504 156.333
202206 134.285 296.311 149.649
202209 128.648 296.808 143.127
202212 126.895 296.797 141.182
202303 132.254 301.836 144.688
202306 140.456 305.109 152.013
202309 142.666 307.789 153.060
202312 144.219 306.746 155.252
202403 149.138 312.332 157.676
202406 150.055 314.175 157.715
202409 153.549 315.301 160.811
202412 152.943 315.605 160.022
202503 160.469 319.799 165.695
202506 166.790 322.561 170.747
202509 171.186 324.800 174.039
202512 168.514 324.054 171.717
202603 177.477 330.213 177.477

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 0.78 mean?
Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) has a Cyclically Adjusted PB Ratio of 0.78 as of Aug. 18, 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 Steel Re-Rolling Mills and its competitors. This is near median its historical median of 0.73. Over the past decade, Bangladesh Steel Re-Rolling Mills' Cyclically Adjusted PB Ratio has ranged from 0.64 to 0.90. According to the industry distribution chart, Bangladesh Steel Re-Rolling Mills ranks #228 out of 477 companies in the Steel industry, placing it in the top 47.8%.
Is Bangladesh Steel Re-Rolling Mills' Cyclically Adjusted PB Ratio too high?
Bangladesh Steel Re-Rolling Mills' current Cyclically Adjusted PB Ratio of 0.78 is near median its 10-year median of 0.73. Over the past 10 years, this metric has ranged from a low of 0.64 to a high of 0.90. The Steel industry median Cyclically Adjusted PB Ratio is 0.86. Bangladesh Steel Re-Rolling Mills' value of 0.78 is 9.3% below this industry median. Based on the distribution chart, Bangladesh Steel Re-Rolling Mills ranks #228 out of 477 companies in the Steel industry, which is above the industry midpoint. Overall, Bangladesh Steel Re-Rolling Mills has a GF Score™ of 87/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bangladesh Steel Re-Rolling Mills' Cyclically Adjusted PB Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, Bangladesh Steel Re-Rolling Mills ranks #228 out of 477 companies for Cyclically Adjusted PB Ratio. This puts Bangladesh Steel Re-Rolling Mills in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.86. Bangladesh Steel Re-Rolling Mills' value of 0.78 is 9.3% below this benchmark. Historically, Bangladesh Steel Re-Rolling Mills' own Cyclically Adjusted PB Ratio has ranged from 0.64 to 0.90 over the past decade. While the company's 10-year median is 0.73 vs. the industry median of 0.86, Bangladesh Steel Re-Rolling Mills 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 Steel company?
The median Cyclically Adjusted PB Ratio among Steel companies is 0.86, based on 477 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 Steel Re-Rolling Mills's current Cyclically Adjusted PB Ratio of 0.78 is 9.3% 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 Bangladesh Steel Re-Rolling Mills and its competitors. For the Steel industry, the median Cyclically Adjusted PB Ratio is 0.86 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bangladesh Steel Re-Rolling Mills's current Cyclically Adjusted PB Ratio is 0.78, which is near median its own 10-year median of 0.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bangladesh Steel Re-Rolling Mills stock overvalued right now?
Based on GuruFocus' analysis, Bangladesh Steel Re-Rolling Mills (DHA:BSRMLTD) is currently considered Fairly Valued. The stock's GF Value™ is BDT95.31, compared to a current price of BDT97.50 — trading 2.3% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.78, which is near median its 10-year median of 0.73 and 9.3% below the Steel industry median of 0.86. Bangladesh Steel Re-Rolling Mills' overall GF Score™ is 87/100 with 8 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 Steel Re-Rolling Mills (DHA:BSRMLTD), the current Cyclically Adjusted PB Ratio is 0.78 as of Aug. 18, 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 Steel Re-Rolling Mills (DHA:BSRMLTD) Overvalued in 2026?

Based on GuruFocus' analysis, Bangladesh Steel Re-Rolling Mills stock appears to be overvalued. The current stock price of BDT97.50 is trading 2.3% above its estimated GF Value™ of BDT95.31. GuruFocus considers Bangladesh Steel Re-Rolling Mills to be Fairly Valued.

Key valuation signals for DHA:BSRMLTD:

  • Cyclically Adjusted PB Ratio: 0.78 (near median its 10-year median of 0.73)
  • GF Value™: BDT95.31 vs. price of BDT97.50 (2.3% above fair value)
  • GF Score™: 87/100 with 8 warning signs
  • Industry Position: 9.3% below the Steel median (#228 of 477)

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


Bangladesh Steel Re-Rolling Mills Business Description

Address 1207/1099 Sadarghat Road, Ali Mansion, Chattogram, BGD, 4000
Bangladesh Steel Re-Rolling Mills Ltd is a Bangladesh-based steel manufacturing company. The company also deals in the sale of M.S. products like angle, channel, I Beam, H Beam, MS plate, and others. Its steel products are used inside Buildings, Bridges, and National Infrastructures. The company's products consist of XTREME 500W, XTREME 500W-STIRRUP, XTREME 500W-BEND CUT, MS SQUARE BAR, M.S ANGEL-MANUFACTURED, RIBBED WIRE ROD. The company generates the majority of its revenue from XTREME 500W sales.
87GF Score

Get the complete analysis for DHA:BSRMLTD

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

BDT97.50
Price
BDT95.31
GF Value