Export Import Bank of Bangladesh (DHA:EXIMBANK) Cyclically Adjusted PB Ratio: 0.37 (As of Aug. 02, 2026) — Near 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:EXIMBANK Export Import Bank of Bangladesh PLC DHA:EXIMBANK
61 GF Score
Price BDT9.10
GF Value BDT8.23
! 6 Warning Signs
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What is Export Import Bank of Bangladesh Cyclically Adjusted PB Ratio?

Export Import Bank of Bangladesh DHA:EXIMBANK 61 Cyclically Adjusted PB Ratio is 0.37 as of Aug. 02, 2026, which is 8% below its 10-year median of 0.40. GuruFocus rates DHA:EXIMBANK with a GF Score™ of 61/100 and a GF Value™ of BDT8.23. The stock has 6 warning signs investors should review. Among 1,286 Banks companies, Export Import Bank of Bangladesh ranks better than 92.3% on this metric.

As of today (2026-08-02), Export Import Bank of Bangladesh's current share price is BDT9.10. Export Import Bank of Bangladesh's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 was BDT24.30. Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio for today is 0.37.

The historical rank and industry rank for Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio or its related term are showing as below:

DHA:EXIMBANK' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.12   Med: 0.4   Max: 0.62
Current: 0.37

During the past years, Export Import Bank of Bangladesh's highest Cyclically Adjusted PB Ratio was 0.62. The lowest was 0.12. And the median was 0.40.

DHA:EXIMBANK's Cyclically Adjusted PB Ratio is ranked better than
92.3% of 1286 companies
in the Banks industry
Industry Median: 1.27 vs DHA:EXIMBANK: 0.37

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.

Export Import Bank of Bangladesh's adjusted book value per share data for the three months ended in Sep. 2025 was BDT19.540. 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 BDT24.30 for the trailing ten years ended in Sep. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Export Import Bank of Bangladesh  (DHA:EXIMBANK) 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.


Export Import Bank of Bangladesh Cyclically Adjusted PB Ratio Related Terms


Export Import Bank of Bangladesh Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Export Import Bank of Bangladesh'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.

Export Import Bank of Bangladesh Cyclically Adjusted PB Ratio Chart

Export Import Bank of Bangladesh Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.48 0.45 0.30

Export Import Bank of Bangladesh Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25
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 0.37 0.30 0.28 0.23 0.16

Export Import Bank of Bangladesh Cyclically Adjusted PB Ratio Competitor Comparison

For the Banks - Regional subindustry, Export Import Bank of Bangladesh'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.


Export Import Bank of Bangladesh Cyclically Adjusted PB Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio falls into.


DHA:EXIMBANK
61GF Score
Export Import Bank of Bangladesh PLC DHA:EXIMBANK
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Export Import Bank of Bangladesh 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.

Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=9.10/24.30
=0.37

* 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.

Export Import Bank of Bangladesh's Cyclically Adjusted Book per Share for the quarter that ended in Sep. 2025 is calculated as:

For example, Export Import Bank of Bangladesh's adjusted Book Value per Share data for the three months ended in Sep. 2025 was:

Adj_Book=Book Value per Share/CPI of Sep. 2025 (Change)*Current CPI (Sep. 2025)
=19.54/324.8000*324.8000
=19.540

Current CPI (Sep. 2025) = 324.8000.

Export Import Bank of Bangladesh Quarterly Data

Book Value per Share CPI Adj_Book
201512 17.355 236.525 23.832
201603 17.416 238.132 23.755
201606 17.803 241.018 23.992
201609 17.101 241.428 23.006
201612 18.284 241.432 24.598
201703 17.764 243.801 23.666
201706 18.717 244.955 24.818
201709 18.034 246.819 23.732
201712 19.101 246.524 25.166
201803 18.767 249.554 24.426
201806 19.226 251.989 24.781
201809 17.991 252.439 23.148
201812 19.492 251.233 25.200
201903 19.739 254.202 25.221
201906 20.042 256.143 25.414
201909 18.947 256.759 23.968
201912 20.164 256.974 25.486
202003 20.200 258.115 25.419
202006 21.140 257.797 26.634
202009 20.587 260.280 25.690
202012 21.133 260.474 26.352
202103 21.182 264.877 25.974
202106 22.552 271.696 26.960
202109 21.567 274.310 25.537
202112 21.720 278.802 25.303
202203 21.966 287.504 24.816
202206 22.888 296.311 25.089
202209 22.320 296.808 24.425
202212 22.015 296.797 24.092
202303 22.128 301.836 23.812
202306 23.066 305.109 24.555
202309 22.436 307.789 23.676
202312 22.998 306.746 24.352
202403 23.235 312.332 24.163
202406 24.138 314.175 24.954
202409 19.242 315.301 19.822
202412 21.816 315.605 22.452
202503 22.025 319.799 22.369
202506 21.836 322.561 21.988
202509 19.540 324.800 19.540

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 0.37 mean?
Export Import Bank of Bangladesh (DHA:EXIMBANK) has a Cyclically Adjusted PB Ratio of 0.37 as of Aug. 02, 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 Export Import Bank of Bangladesh and its competitors. This is near median its historical median of 0.40. Over the past decade, Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.62. According to the industry distribution chart, Export Import Bank of Bangladesh ranks #99 out of 1286 companies in the Banks industry, placing it in the top 7.7%.
Is Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio too high?
Export Import Bank of Bangladesh's current Cyclically Adjusted PB Ratio of 0.37 is near median its 10-year median of 0.40. Over the past 10 years, this metric has ranged from a low of 0.12 to a high of 0.62. The Banks industry median Cyclically Adjusted PB Ratio is 1.27. Export Import Bank of Bangladesh's value of 0.37 is 70.9% below this industry median. Based on the distribution chart, Export Import Bank of Bangladesh ranks #99 out of 1286 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Export Import Bank of Bangladesh has a GF Score™ of 61/100, reflecting its overall financial health beyond just this single metric.
How does Export Import Bank of Bangladesh's Cyclically Adjusted PB Ratio compare to competitors?
According to the Banks industry distribution chart, Export Import Bank of Bangladesh ranks #99 out of 1286 companies for Cyclically Adjusted PB Ratio. This places Export Import Bank of Bangladesh in the top 8% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.27. Export Import Bank of Bangladesh's value of 0.37 is 70.9% below this benchmark. Historically, Export Import Bank of Bangladesh's own Cyclically Adjusted PB Ratio has ranged from 0.12 to 0.62 over the past decade. While the company's 10-year median is 0.40 vs. the industry median of 1.27, Export Import Bank of Bangladesh 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 1.27, based on 1,286 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. Export Import Bank of Bangladesh's current Cyclically Adjusted PB Ratio of 0.37 is 70.9% 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 Export Import Bank of Bangladesh and its competitors. For the Banks industry, the median Cyclically Adjusted PB Ratio is 1.27 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Export Import Bank of Bangladesh's current Cyclically Adjusted PB Ratio is 0.37, which is near median its own 10-year median of 0.40. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Export Import Bank of Bangladesh stock overvalued right now?
Export Import Bank of Bangladesh (DHA:EXIMBANK) has a current Cyclically Adjusted PB Ratio of 0.37. The stock's GF Value™ is BDT8.23, compared to a current price of BDT9.10 — trading 10.6% above its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.37, which is near median its 10-year median of 0.40 and 70.9% below the Banks industry median of 1.27. Export Import Bank of Bangladesh's overall GF Score™ is 61/100 with 6 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 Export Import Bank of Bangladesh (DHA:EXIMBANK), the current Cyclically Adjusted PB Ratio is 0.37 as of Aug. 02, 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 Export Import Bank of Bangladesh (DHA:EXIMBANK) Overvalued in 2026?

Based on GuruFocus' analysis, Export Import Bank of Bangladesh stock appears to be overvalued. The current stock price of BDT9.10 is trading 10.6% above its estimated GF Value™ of BDT8.23.

Key valuation signals for DHA:EXIMBANK:

  • Cyclically Adjusted PB Ratio: 0.37 (near median its 10-year median of 0.40)
  • GF Value™: BDT8.23 vs. price of BDT9.10 (10.6% above fair value)
  • GF Score™: 61/100 with 6 warning signs
  • Industry Position: 70.9% below the Banks median (#99 of 1286)

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


Export Import Bank of Bangladesh Business Description

Address Bir Uttam A. K. Khondokar Road, Road No.15, Plot No. 15, Block No. CWS C, Gulshan-1, Dhaka, BGD, 1212
Export Import Bank of Bangladesh PLC provides commercial banking. Its services include mobilizing deposits, providing investment facilities, discounting bills, conducting money transfers, and conducting foreign exchange transactions. It also provides services like safekeeping, issuing guarantees, acceptances, letters of credit, etc.
61GF Score

Get the complete analysis for DHA:EXIMBANK

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

BDT9.10
Price
BDT8.23
GF Value