Singer Bangladesh (DHA:SINGERBD) Cyclically Adjusted PB Ratio: 2.44 (As of Aug. 18, 2026) — 47% Below 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:SINGERBD Singer Bangladesh Ltd DHA:SINGERBD
76 GF Score
Price BDT74.40
GF Value BDT133.64
Valuation Possible Value Trap
! 6 Warning Signs
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What is Singer Bangladesh Cyclically Adjusted PB Ratio?

Singer Bangladesh DHA:SINGERBD -3.63% 76 Cyclically Adjusted PB Ratio is 2.44 as of Aug. 18, 2026, which is 47% below its 10-year median of 4.62. GuruFocus rates DHA:SINGERBD with a GF Score™ of 76/100 and a GF Value™ of BDT133.64 (Possible Value Trap). The stock has 6 warning signs investors should review. Among 324 Furnishings, Fixtures & Appliances companies, Singer Bangladesh ranks worse than 73.46% on this metric.

As of today (2026-08-18), Singer Bangladesh's current share price is BDT74.40. Singer Bangladesh's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 was BDT30.43. Singer Bangladesh's Cyclically Adjusted PB Ratio for today is 2.44.

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

DHA:SINGERBD' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 2.46   Med: 4.62   Max: 6.26
Current: 2.54

During the past years, Singer Bangladesh's highest Cyclically Adjusted PB Ratio was 6.26. The lowest was 2.46. And the median was 4.62.

DHA:SINGERBD's Cyclically Adjusted PB Ratio is ranked worse than
73.46% of 324 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 1.185 vs DHA:SINGERBD: 2.54

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.

Singer Bangladesh's adjusted book value per share data for the three months ended in Jun. 2026 was BDT-2.548. 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 BDT30.43 for the trailing ten years ended in Jun. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Singer Bangladesh  (DHA:SINGERBD) 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.


Singer Bangladesh Cyclically Adjusted PB Ratio Related Terms


Singer Bangladesh Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Singer 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.

Singer Bangladesh Cyclically Adjusted PB Ratio Chart

Singer Bangladesh 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 5.43 5.19 3.71 2.75

Singer Bangladesh Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 3.48 3.42 2.75 2.80 2.68

DHA:SINGERBD vs SN, SGI, MHK: Cyclically Adjusted PB Ratio Comparison

For the Furnishings, Fixtures & Appliances subindustry, Singer 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.


Singer Bangladesh Cyclically Adjusted PB Ratio vs Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Singer Bangladesh's Cyclically Adjusted PB Ratio distribution charts can be found below:

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


DHA:SINGERBD
76GF Score
Singer Bangladesh Ltd DHA:SINGERBD
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Singer 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.

Singer Bangladesh's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=74.40/30.43
=2.44

* 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.

Singer Bangladesh's Cyclically Adjusted Book per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Singer Bangladesh's adjusted Book Value per Share data for the three months ended in Jun. 2026 was:

Adj_Book=Book Value per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-2.548/333.9520*333.9520
=-2.548

Current CPI (Jun. 2026) = 333.9520.

Singer Bangladesh Quarterly Data

Book Value per Share CPI Adj_Book
201609 17.502 241.428 24.209
201612 19.528 241.432 27.011
201703 20.296 243.801 27.801
201706 17.407 244.955 23.731
201709 21.017 246.819 28.437
201712 21.667 246.524 29.351
201803 22.872 249.554 30.607
201806 17.955 251.989 23.795
201809 22.375 252.439 29.600
201812 23.179 251.233 30.811
201903 20.779 254.202 27.298
201906 25.647 256.143 33.438
201909 30.441 256.759 39.593
201912 32.016 256.974 41.607
202003 33.146 258.115 42.885
202006 26.241 257.797 33.993
202009 30.821 260.280 39.545
202012 34.662 260.474 44.440
202103 33.836 264.877 42.660
202106 33.724 271.696 41.451
202109 35.003 274.310 42.614
202112 34.063 278.802 40.801
202203 34.980 287.504 40.631
202206 30.381 296.311 34.240
202209 29.530 296.808 33.226
202212 29.974 296.797 33.726
202303 31.103 301.836 34.412
202306 34.827 305.109 38.119
202309 35.709 307.789 38.744
202312 34.033 306.746 37.051
202403 33.822 312.332 36.163
202406 32.904 314.175 34.975
202409 31.045 315.301 32.881
202412 25.812 315.605 27.313
202503 21.314 319.799 22.257
202506 18.201 322.561 18.844
202509 13.395 324.800 13.772
202512 1.689 324.054 1.741
202603 -3.912 330.213 -3.956
202606 -2.548 333.952 -2.548

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 2.44 mean?
Singer Bangladesh (DHA:SINGERBD) has a Cyclically Adjusted PB Ratio of 2.44 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 Singer Bangladesh and its competitors. This is 47% below median its historical median of 4.62. Over the past decade, Singer Bangladesh's Cyclically Adjusted PB Ratio has ranged from 2.46 to 6.26. According to the industry distribution chart, Singer Bangladesh ranks #238 out of 324 companies in the Furnishings, Fixtures & Appliances industry, placing it in the top 73.5%.
Is Singer Bangladesh's Cyclically Adjusted PB Ratio too high?
Singer Bangladesh's current Cyclically Adjusted PB Ratio of 2.44 is 47% below median its 10-year median of 4.62. Over the past 10 years, this metric has ranged from a low of 2.46 to a high of 6.26. The Furnishings, Fixtures & Appliances industry median Cyclically Adjusted PB Ratio is 1.19. Singer Bangladesh's value of 2.44 is 105.9% above this industry median. Based on the distribution chart, Singer Bangladesh ranks #238 out of 324 companies in the Furnishings, Fixtures & Appliances industry, which is below the industry midpoint. Overall, Singer Bangladesh has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Singer Bangladesh's Cyclically Adjusted PB Ratio compare to SN and SGI?
According to the Furnishings, Fixtures & Appliances industry distribution chart, Singer Bangladesh ranks #238 out of 324 companies for Cyclically Adjusted PB Ratio. This places Singer Bangladesh in the lower half of its industry. The industry median Cyclically Adjusted PB Ratio is 1.19. Singer Bangladesh's value of 2.44 is 105.9% above this benchmark. Historically, Singer Bangladesh's own Cyclically Adjusted PB Ratio has ranged from 2.46 to 6.26 over the past decade. While the company's 10-year median is 4.62 vs. the industry median of 1.19, Singer Bangladesh has consistently been above 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 Furnishings, Fixtures & Appliances company?
The median Cyclically Adjusted PB Ratio among Furnishings, Fixtures & Appliances companies is 1.19, based on 324 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. Singer Bangladesh's current Cyclically Adjusted PB Ratio of 2.44 is 105.9% above 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 Singer Bangladesh and its competitors. For the Furnishings, Fixtures & Appliances industry, the median Cyclically Adjusted PB Ratio is 1.19 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Singer Bangladesh's current Cyclically Adjusted PB Ratio is 2.44, which is 47% below median its own 10-year median of 4.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Singer Bangladesh stock overvalued right now?
Based on GuruFocus' analysis, Singer Bangladesh (DHA:SINGERBD) is currently considered Possible Value Trap. The stock's GF Value™ is BDT133.64, compared to a current price of BDT74.40 — trading 44.3% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 2.44, which is 47% below median its 10-year median of 4.62 and 105.9% above the Furnishings, Fixtures & Appliances industry median of 1.19. Singer Bangladesh's overall GF Score™ is 76/100 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 Singer Bangladesh (DHA:SINGERBD), the current Cyclically Adjusted PB Ratio is 2.44 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 Singer Bangladesh (DHA:SINGERBD) Overvalued in 2026?

Based on GuruFocus' analysis, Singer Bangladesh stock appears to be undervalued. The current stock price of BDT74.40 is trading 44.3% below its estimated GF Value™ of BDT133.64. GuruFocus considers Singer Bangladesh to be Possible Value Trap.

Key valuation signals for DHA:SINGERBD:

  • Cyclically Adjusted PB Ratio: 2.44 (47% below median its 10-year median of 4.62)
  • GF Value™: BDT133.64 vs. price of BDT74.40 (44.3% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 105.9% above the Furnishings, Fixtures & Appliances median (#238 of 324)

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


Singer Bangladesh Business Description

Address House No,23-26, Road No.90-91, 21st Floor, Gulshan Center Point, Gulshan-2, Dhaka, BGD, 1212
Singer Bangladesh Ltd is a retailer of consumer durables. It is engaged in the manufacturing and marketing of home appliances, consumer electronics, and furniture in Bangladesh. It offers air conditioners, air coolers, chest freezers, computers, fans, irons, kitchen appliances, musical instruments, panel televisions, refrigerators, and sewing machines. It operates through Singer Mega and Singer Plus retail outlets, as well as Singer Pro dealers.
76GF Score

Get the complete analysis for DHA:SINGERBD

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

BDT74.40
Price
BDT133.64
GF Value