Delta Spinners (DHA:DELTASPINN) Cyclically Adjusted PB Ratio: 0.46 (As of Aug. 22, 2026) — 31% 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:DELTASPINN Delta Spinners Ltd DHA:DELTASPINN
43 GF Score
Price BDT7.50
! 10 Warning Signs
View Full Analysis

What is Delta Spinners Cyclically Adjusted PB Ratio?

Delta Spinners DHA:DELTASPINN 43 Cyclically Adjusted PB Ratio is 0.46 as of Aug. 22, 2026, which is 31% above its 10-year median of 0.35. GuruFocus rates DHA:DELTASPINN with a GF Score™ of 43/100. The stock has 10 warning signs investors should review. Among 770 Manufacturing - Apparel & Accessories companies, Delta Spinners ranks better than 74.55% on this metric.

As of today (2026-08-22), Delta Spinners's current share price is BDT7.50. Delta Spinners's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT16.15. Delta Spinners's Cyclically Adjusted PB Ratio for today is 0.46.

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

DHA:DELTASPINN' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.25   Med: 0.35   Max: 0.49
Current: 0.48

During the past years, Delta Spinners's highest Cyclically Adjusted PB Ratio was 0.49. The lowest was 0.25. And the median was 0.35.

DHA:DELTASPINN's Cyclically Adjusted PB Ratio is ranked better than
74.55% of 770 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 0.95 vs DHA:DELTASPINN: 0.48

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.

Delta Spinners's adjusted book value per share data for the three months ended in Mar. 2026 was BDT12.150. 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 BDT16.15 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Delta Spinners  (DHA:DELTASPINN) 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.


Delta Spinners Cyclically Adjusted PB Ratio Related Terms


Delta Spinners Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Delta Spinners'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.

Delta Spinners Cyclically Adjusted PB Ratio Chart

Delta Spinners Annual Data
Trend Jun12 Jun13 Jun14 Jun15 Jun16 Jun17
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 0.00

Delta Spinners Quarterly Data
Dec19 Mar20 Sep20 Dec20 Mar21 Sep21 Dec21 Mar22 Sep22 Dec22 Mar23 Sep23 Dec23 Mar24 Sep24 Dec24 Mar25 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 0.28 0.38 0.34 0.31 0.36

DHA:DELTASPINN vs AIN: Cyclically Adjusted PB Ratio Comparison

For the Textile Manufacturing subindustry, Delta Spinners'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.


Delta Spinners Cyclically Adjusted PB Ratio vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Delta Spinners's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DHA:DELTASPINN
43GF Score
Delta Spinners Ltd DHA:DELTASPINN
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Delta Spinners 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.

Delta Spinners's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=7.50/16.15
=0.46

* 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.

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

For example, Delta Spinners'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)
=12.15/330.2130*330.2130
=12.150

Current CPI (Mar. 2026) = 330.2130.

Delta Spinners Quarterly Data

Book Value per Share CPI Adj_Book
201406 7.494 238.343 10.383
201409 13.082 238.031 18.148
201412 13.203 234.812 18.567
201503 13.321 236.119 18.629
201506 13.161 238.638 18.211
201509 13.214 237.945 18.338
201512 13.264 236.525 18.518
201603 13.312 238.132 18.459
201606 12.813 241.018 17.555
201609 12.875 241.428 17.610
201612 12.949 241.432 17.711
201703 13.026 243.801 17.643
201706 13.099 244.955 17.658
201709 13.153 246.819 17.597
201712 13.202 246.524 17.684
201803 13.266 249.554 17.554
201809 13.425 252.439 17.561
201812 13.486 251.233 17.726
201903 13.555 254.202 17.608
201909 13.654 256.759 17.560
201912 13.722 256.974 17.633
202003 13.762 258.115 17.606
202009 13.760 260.280 17.457
202012 13.799 260.474 17.494
202103 13.543 264.877 16.884
202109 13.480 274.310 16.227
202112 13.475 278.802 15.960
202203 13.490 287.504 15.494
202209 13.267 296.808 14.760
202212 13.258 296.797 14.751
202303 13.214 301.836 14.456
202309 12.816 307.789 13.750
202312 12.709 306.746 13.681
202403 12.623 312.332 13.346
202409 12.427 315.301 13.015
202412 12.380 315.605 12.953
202503 12.402 319.799 12.806
202509 12.115 324.800 12.317
202512 12.137 324.054 12.368
202603 12.150 330.213 12.150

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 0.46 mean?
Delta Spinners (DHA:DELTASPINN) has a Cyclically Adjusted PB Ratio of 0.46 as of Aug. 22, 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 Delta Spinners and its competitors. This is 31% above median its historical median of 0.35. Over the past decade, Delta Spinners' Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.49. According to the industry distribution chart, Delta Spinners ranks #196 out of 770 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 25.5%.
Is Delta Spinners' Cyclically Adjusted PB Ratio too high?
Delta Spinners' current Cyclically Adjusted PB Ratio of 0.46 is 31% above median its 10-year median of 0.35. Over the past 10 years, this metric has ranged from a low of 0.25 to a high of 0.49. The Manufacturing - Apparel & Accessories industry median Cyclically Adjusted PB Ratio is 0.95. Delta Spinners' value of 0.46 is 51.6% below this industry median. Based on the distribution chart, Delta Spinners ranks #196 out of 770 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Delta Spinners has a GF Score™ of 43/100, reflecting its overall financial health beyond just this single metric.
How does Delta Spinners' Cyclically Adjusted PB Ratio compare to AIN?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Delta Spinners ranks #196 out of 770 companies for Cyclically Adjusted PB Ratio. This puts Delta Spinners in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 0.95. Delta Spinners' value of 0.46 is 51.6% below this benchmark. Historically, Delta Spinners' own Cyclically Adjusted PB Ratio has ranged from 0.25 to 0.49 over the past decade. While the company's 10-year median is 0.35 vs. the industry median of 0.95, Delta Spinners 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 Manufacturing - Apparel & Accessories company?
The median Cyclically Adjusted PB Ratio among Manufacturing - Apparel & Accessories companies is 0.95, based on 770 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. Delta Spinners's current Cyclically Adjusted PB Ratio of 0.46 is 51.6% 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 Delta Spinners and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Cyclically Adjusted PB Ratio is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Delta Spinners's current Cyclically Adjusted PB Ratio is 0.46, which is 31% above median its own 10-year median of 0.35. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Delta Spinners stock overvalued right now?
Delta Spinners (DHA:DELTASPINN) has a current Cyclically Adjusted PB Ratio of 0.46. The current Cyclically Adjusted PB Ratio is 0.46, which is 31% above median its 10-year median of 0.35 and 51.6% below the Manufacturing - Apparel & Accessories industry median of 0.95. Delta Spinners' overall GF Score™ is 43/100 with 10 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 Delta Spinners (DHA:DELTASPINN), the current Cyclically Adjusted PB Ratio is 0.46 as of Aug. 22, 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.

Delta Spinners Business Description

Address 254-B Khilgaon Chowdhury Para, Dhaka, BGD, 1219
Delta Spinners Ltd is Bangladesh-based company engaged in manufacturing cotton yarn. It is a textile spinning mill. The products of the company are Cotton yarn, CVC yarn, and Viscose yarn.
43GF Score

Get the complete analysis for DHA:DELTASPINN

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

BDT7.50
Price