Olympic Industries (DHA:OLYMPIC) Cyclically Adjusted PB Ratio: (As of Sep. 22, 2026)

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:OLYMPIC Olympic Industries PLC DHA:OLYMPIC
92 GF Score
Price BDT144.80
GF Value BDT172.58
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Olympic Industries Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Olympic Industries  (DHA:OLYMPIC) 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.


Olympic Industries Cyclically Adjusted PB Ratio Related Terms


Olympic Industries Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Olympic Industries'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.

Olympic Industries Cyclically Adjusted PB Ratio Chart

Olympic Industries 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 6.09 3.64 3.98 3.09 3.20

Olympic Industries 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 3.28 3.32 3.25 2.83 2.92

DHA:OLYMPIC vs MDLZ, HSY, TR: Cyclically Adjusted PB Ratio Comparison

For the Confectioners subindustry, Olympic Industries'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.


Olympic Industries Cyclically Adjusted PB Ratio vs Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Olympic Industries's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DHA:OLYMPIC
92GF Score
Olympic Industries PLC DHA:OLYMPIC
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Olympic Industries 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.

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

For example, Olympic Industries'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)
=66.761/330.2130*330.2130
=66.761

Current CPI (Mar. 2026) = 330.2130.

Olympic Industries Quarterly Data

Book Value per Share CPI Adj_Book
201606 22.663 241.018 31.050
201609 24.736 241.428 33.833
201612 23.002 241.432 31.460
201703 25.258 243.801 34.210
201706 27.073 244.955 36.496
201709 29.317 246.819 39.222
201712 26.956 246.524 36.107
201803 29.277 249.554 38.740
201806 31.531 251.989 41.319
201809 33.928 252.439 44.381
201812 31.332 251.233 41.182
201903 33.703 254.202 43.781
201906 36.093 256.143 46.530
201909 38.881 256.759 50.004
201912 36.349 256.974 46.709
202003 38.820 258.115 49.663
202006 41.220 257.797 52.799
202009 44.072 260.280 55.913
202012 41.391 260.474 52.473
202103 43.976 264.877 54.823
202106 46.210 271.696 56.163
202109 48.275 274.310 58.113
202112 44.417 278.802 52.607
202203 45.930 287.504 52.753
202206 46.838 296.311 52.197
202209 49.163 296.808 54.696
202212 47.595 296.797 52.954
202303 49.633 301.836 54.299
202306 50.122 305.109 54.246
202309 52.929 307.789 56.785
202312 49.885 306.746 53.701
202403 52.001 312.332 54.978
202406 53.295 314.175 56.016
202409 56.120 315.301 58.774
202412 58.112 315.605 60.802
202503 60.262 319.799 62.224
202506 62.350 322.561 63.829
202509 65.213 324.800 66.300
202512 65.337 324.054 66.579
202603 66.761 330.213 66.761

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.

Is Olympic Industries (DHA:OLYMPIC) Overvalued in 2026?

Based on GuruFocus' analysis, Olympic Industries stock appears to be undervalued. The current stock price of BDT144.80 is trading 16.1% below its estimated GF Value™ of BDT172.58. GuruFocus considers Olympic Industries to be Modestly Undervalued.

Key valuation signals for DHA:OLYMPIC:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: BDT172.58 vs. price of BDT144.80 (16.1% below fair value)
  • GF Score™: 92/100 with 3 warning signs

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


Olympic Industries Business Description

Address Amin Court, 6th Floor, 62-63, Motijheel Commercial Area, Dhaka, BGD, 1000
Olympic Industries PLC is a manufacturer, distributor, and marketer of biscuits and fast-moving consumer goods in Bangladesh. The company's products are distributed into biscuits including Energy Plus, Coconut Plus, First Choice, Crack Jack, Tim Tim, Marie Gold, and Namkin among others; cookies and bakery including Badami cookies, dry cake, and daily toast; confectionery including Green Mango, Ripe Mango, cool, energy, among others and batteries that include Olympic Gold, Olympic Laser, Olympic Heavy Duty, among others. It has two business units namely Battery and Biscuit, confectionery, bakery & snacks. The majority of its revenue is generated from the Biscuit, confectionery and bakery & snacks division.
92GF Score

Get the complete analysis for DHA:OLYMPIC

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

BDT144.80
Price
BDT172.58
GF Value