Dutch-Bangla Bank (DHA:DUTCHBANGL) Cyclically Adjusted PB Ratio: 1.13 (As of Aug. 31, 2026) — 10% 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:DUTCHBANGL Dutch-Bangla Bank PLC DHA:DUTCHBANGL
73 GF Score
Price BDT46.00
GF Value BDT59.33
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Dutch-Bangla Bank Cyclically Adjusted PB Ratio?

Dutch-Bangla Bank DHA:DUTCHBANGL -0.22% 73 Cyclically Adjusted PB Ratio is 1.13 as of Aug. 31, 2026, which is 10% above its 10-year median of 1.03. GuruFocus rates DHA:DUTCHBANGL with a GF Score™ of 73/100 and a GF Value™ of BDT59.33 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,275 Banks companies, Dutch-Bangla Bank ranks better than 58.67% on this metric.

As of today (2026-08-31), Dutch-Bangla Bank's current share price is BDT46.00. Dutch-Bangla Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT40.81. Dutch-Bangla Bank's Cyclically Adjusted PB Ratio for today is 1.13.

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

DHA:DUTCHBANGL' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.91   Med: 1.03   Max: 1.25
Current: 1.13

During the past years, Dutch-Bangla Bank's highest Cyclically Adjusted PB Ratio was 1.25. The lowest was 0.91. And the median was 1.03.

DHA:DUTCHBANGL's Cyclically Adjusted PB Ratio is ranked better than
58.67% of 1275 companies
in the Banks industry
Industry Median: 1.28 vs DHA:DUTCHBANGL: 1.13

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.

Dutch-Bangla Bank's adjusted book value per share data for the three months ended in Mar. 2026 was BDT61.750. 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 BDT40.81 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Dutch-Bangla Bank  (DHA:DUTCHBANGL) 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.


Dutch-Bangla Bank Cyclically Adjusted PB Ratio Related Terms


Dutch-Bangla Bank Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Dutch-Bangla Bank'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.

Dutch-Bangla Bank Cyclically Adjusted PB Ratio Chart

Dutch-Bangla Bank 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 0.00 0.00 0.00 0.93

Dutch-Bangla Bank 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 1.21 1.01 1.00 0.93 0.97

Dutch-Bangla Bank Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Dutch-Bangla Bank'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.


Dutch-Bangla Bank Cyclically Adjusted PB Ratio vs Banks Industry

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

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


DHA:DUTCHBANGL
73GF Score
Dutch-Bangla Bank PLC DHA:DUTCHBANGL
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Dutch-Bangla Bank 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.

Dutch-Bangla Bank's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=46.00/40.81
=1.13

* 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.

Dutch-Bangla Bank's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Dutch-Bangla Bank'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)
=61.75/330.2130*330.2130
=61.750

Current CPI (Mar. 2026) = 330.2130.

Dutch-Bangla Bank Quarterly Data

Book Value per Share CPI Adj_Book
201606 0.000 241.018 0.000
201609 0.000 241.428 0.000
201612 17.411 241.432 23.813
201703 17.331 243.801 23.474
201706 18.156 244.955 24.475
201709 18.779 246.819 25.124
201712 19.194 246.524 25.710
201803 19.229 249.554 25.444
201806 20.201 251.989 26.472
201809 21.219 252.439 27.756
201812 22.744 251.233 29.894
201903 23.209 254.202 30.149
201906 24.615 256.143 31.733
201909 26.043 256.759 33.493
201912 27.037 256.974 34.743
202003 27.758 258.115 35.512
202006 32.061 257.797 41.067
202009 32.650 260.280 41.423
202012 31.779 260.474 40.287
202103 32.670 264.877 40.729
202106 33.120 271.696 40.253
202109 34.790 274.310 41.880
202112 36.419 278.802 43.135
202203 41.275 287.504 47.406
202206 37.763 296.311 42.084
202209 43.176 296.808 48.035
202212 41.022 296.797 45.641
202303 46.481 301.836 50.851
202306 42.088 305.109 45.551
202309 43.757 307.789 46.945
202312 47.459 306.746 51.090
202403 48.651 312.332 51.436
202406 48.106 314.175 50.562
202409 48.437 315.301 50.728
202412 50.844 315.605 53.197
202503 51.602 319.799 53.282
202506 50.902 322.561 52.110
202509 52.383 324.800 53.256
202512 59.181 324.054 60.306
202603 61.750 330.213 61.750

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 1.13 mean?
Dutch-Bangla Bank (DHA:DUTCHBANGL) has a Cyclically Adjusted PB Ratio of 1.13 as of Aug. 31, 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 Dutch-Bangla Bank and its competitors. This is 10% above median its historical median of 1.03. Over the past decade, Dutch-Bangla Bank's Cyclically Adjusted PB Ratio has ranged from 0.91 to 1.25. According to the industry distribution chart, Dutch-Bangla Bank ranks #527 out of 1275 companies in the Banks industry, placing it in the top 41.3%.
Is Dutch-Bangla Bank's Cyclically Adjusted PB Ratio too high?
Dutch-Bangla Bank's current Cyclically Adjusted PB Ratio of 1.13 is 10% above median its 10-year median of 1.03. Over the past 10 years, this metric has ranged from a low of 0.91 to a high of 1.25. The Banks industry median Cyclically Adjusted PB Ratio is 1.28. Dutch-Bangla Bank's value of 1.13 is 11.7% below this industry median. Based on the distribution chart, Dutch-Bangla Bank ranks #527 out of 1275 companies in the Banks industry, which is above the industry midpoint. Overall, Dutch-Bangla Bank has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Dutch-Bangla Bank's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Dutch-Bangla Bank ranks #527 out of 1275 companies for Cyclically Adjusted PB Ratio. This puts Dutch-Bangla Bank in the upper half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.28. Dutch-Bangla Bank's value of 1.13 is 11.7% below this benchmark. Historically, Dutch-Bangla Bank's own Cyclically Adjusted PB Ratio has ranged from 0.91 to 1.25 over the past decade. While the company's 10-year median is 1.03 vs. the industry median of 1.28, Dutch-Bangla Bank 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 1.28, based on 1,275 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. Dutch-Bangla Bank's current Cyclically Adjusted PB Ratio of 1.13 is 11.7% 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 Dutch-Bangla Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.28 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Dutch-Bangla Bank's current Cyclically Adjusted PB Ratio is 1.13, which is 10% above median its own 10-year median of 1.03. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Dutch-Bangla Bank stock overvalued right now?
Based on GuruFocus' analysis, Dutch-Bangla Bank (DHA:DUTCHBANGL) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT59.33, compared to a current price of BDT46.00 — trading 22.5% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 1.13, which is 10% above median its 10-year median of 1.03 and 11.7% below the Banks industry median of 1.28. Dutch-Bangla Bank's overall GF Score™ is 73/100 with 3 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 Dutch-Bangla Bank (DHA:DUTCHBANGL), the current Cyclically Adjusted PB Ratio is 1.13 as of Aug. 31, 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 Dutch-Bangla Bank (DHA:DUTCHBANGL) Overvalued in 2026?

Based on GuruFocus' analysis, Dutch-Bangla Bank stock appears to be undervalued. The current stock price of BDT46.00 is trading 22.5% below its estimated GF Value™ of BDT59.33. GuruFocus considers Dutch-Bangla Bank to be Modestly Undervalued.

Key valuation signals for DHA:DUTCHBANGL:

  • Cyclically Adjusted PB Ratio: 1.13 (10% above median its 10-year median of 1.03)
  • GF Value™: BDT59.33 vs. price of BDT46.00 (22.5% below fair value)
  • GF Score™: 73/100 with 3 warning signs
  • Industry Position: 11.7% below the Banks median (#527 of 1275)

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


Dutch-Bangla Bank Business Description

Address 47 Motijheel Commercial Area, Dhaka, BGD, 1000
Dutch-Bangla Bank PLC offers a range of banking and investment services for personal and corporate customers. The principal activity of the Bank is to carry on all kinds of commercial banking business in Bangladesh. It provides a full range of real-time online banking services such as retail loan products, business loans, LC trade, and deposits, through all Branches, Internet Payment Gateway, ATMs, ADMs, and Internet Banking Channels. The company's business segments are; Corporate Banking which generates maximum revenue, Retail Banking, SME Banking, Financial Inclusion, Treasury, and Off-shore Banking Unit.
73GF Score

Get the complete analysis for DHA:DUTCHBANGL

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

BDT46.00
Price
BDT59.33
GF Value