Titas Gas Transmission and Distribution (DHA:TITASGAS) Cyclically Adjusted PB Ratio: 0.24 (As of Jul. 14, 2026) — 17% Below Median

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DHA:TITASGAS Titas Gas Transmission and Distribution PLC DHA:TITASGAS
73 GF Score
Price BDT21.30
GF Value BDT23.59
Valuation Modestly Undervalued
! 9 Warning Signs
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What is Titas Gas Transmission and Distribution Cyclically Adjusted PB Ratio?

Titas Gas Transmission and Distribution DHA:TITASGAS -2.29% 73 Cyclically Adjusted PB Ratio is 0.24 as of Jul. 14, 2026, which is 17% below its 10-year median of 0.29. GuruFocus rates DHA:TITASGAS with a GF Score™ of 73/100 and a GF Value™ of BDT23.59 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 440 Utilities - Regulated companies, Titas Gas Transmission and Distribution ranks better than 94.32% on this metric.

As of today (2026-07-14), Titas Gas Transmission and Distribution's current share price is BDT21.30. Titas Gas Transmission and Distribution's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 was BDT87.28. Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio for today is 0.24.

The historical rank and industry rank for Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio or its related term are showing as below:

DHA:TITASGAS' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.18   Med: 0.29   Max: 0.58
Current: 0.23

During the past years, Titas Gas Transmission and Distribution's highest Cyclically Adjusted PB Ratio was 0.58. The lowest was 0.18. And the median was 0.29.

DHA:TITASGAS's Cyclically Adjusted PB Ratio is ranked better than
94.32% of 440 companies
in the Utilities - Regulated industry
Industry Median: 1.525 vs DHA:TITASGAS: 0.23

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.

Titas Gas Transmission and Distribution's adjusted book value per share data for the three months ended in Mar. 2026 was BDT83.718. 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 BDT87.28 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Titas Gas Transmission and Distribution  (DHA:TITASGAS) 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.


Titas Gas Transmission and Distribution Cyclically Adjusted PB Ratio Related Terms


Titas Gas Transmission and Distribution Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Titas Gas Transmission and Distribution'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.

Titas Gas Transmission and Distribution Cyclically Adjusted PB Ratio Chart

Titas Gas Transmission and Distribution 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 0.00 0.53 0.52 0.28 0.23

Titas Gas Transmission and Distribution 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 0.25 0.23 0.23 0.18 0.19

DHA:TITASGAS vs ATO, NI, UGI: Cyclically Adjusted PB Ratio Comparison

For the Utilities - Regulated Gas subindustry, Titas Gas Transmission and Distribution'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.


Titas Gas Transmission and Distribution Cyclically Adjusted PB Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio falls into.


DHA:TITASGAS
73GF Score
Titas Gas Transmission and Distribution PLC DHA:TITASGAS
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Titas Gas Transmission and Distribution 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.

Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=21.30/87.28
=0.24

* 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.

Titas Gas Transmission and Distribution's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Titas Gas Transmission and Distribution'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)
=83.718/330.2130*330.2130
=83.718

Current CPI (Mar. 2026) = 330.2130.

Titas Gas Transmission and Distribution Quarterly Data

Book Value per Share CPI Adj_Book
201606 61.330 241.018 84.027
201609 63.726 241.428 87.161
201612 62.550 241.432 85.551
201703 63.991 243.801 86.672
201706 65.688 244.955 88.551
201709 66.767 246.819 89.326
201712 65.148 246.524 87.264
201803 65.827 249.554 87.103
201806 67.285 251.989 88.172
201809 68.540 252.439 89.657
201812 66.928 251.233 87.968
201903 67.661 254.202 87.893
201906 70.079 256.143 90.344
201909 70.800 256.759 91.055
201912 69.273 256.974 89.016
202003 69.762 258.115 89.248
202006 71.391 257.797 91.445
202009 72.064 260.280 91.426
202012 70.220 260.474 89.021
202103 70.911 264.877 88.402
202106 72.621 271.696 88.262
202109 73.211 274.310 88.131
202112 71.808 278.802 85.049
202203 72.816 287.504 83.633
202206 74.164 296.311 82.649
202209 74.491 296.808 82.875
202212 74.432 296.797 82.812
202303 73.246 301.836 80.132
202306 71.745 305.109 77.648
202309 72.005 307.789 77.251
202312 71.908 306.746 77.409
202403 69.994 312.332 74.001
202406 98.148 314.175 103.158
202409 96.241 315.301 100.793
202412 90.456 315.605 94.643
202503 88.070 319.799 90.938
202506 90.127 322.561 92.265
202509 87.608 324.800 89.068
202512 85.982 324.054 87.616
202603 83.718 330.213 83.718

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 0.24 mean?
Titas Gas Transmission and Distribution (DHA:TITASGAS) has a Cyclically Adjusted PB Ratio of 0.24 as of Jul. 14, 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 Titas Gas Transmission and Distribution and its competitors. This is 17% below median its historical median of 0.29. Over the past decade, Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.58. According to the industry distribution chart, Titas Gas Transmission and Distribution ranks #25 out of 440 companies in the Utilities - Regulated industry, placing it in the top 5.7%.
Is Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio too high?
Titas Gas Transmission and Distribution's current Cyclically Adjusted PB Ratio of 0.24 is 17% below median its 10-year median of 0.29. Over the past 10 years, this metric has ranged from a low of 0.18 to a high of 0.58. The Utilities - Regulated industry median Cyclically Adjusted PB Ratio is 1.53. Titas Gas Transmission and Distribution's value of 0.24 is 84.3% below this industry median. Based on the distribution chart, Titas Gas Transmission and Distribution ranks #25 out of 440 companies in the Utilities - Regulated industry, which is in the top quartile — a strong position relative to peers. Overall, Titas Gas Transmission and Distribution has a GF Score™ of 73/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Titas Gas Transmission and Distribution's Cyclically Adjusted PB Ratio compare to ATO and NI?
According to the Utilities - Regulated industry distribution chart, Titas Gas Transmission and Distribution ranks #25 out of 440 companies for Cyclically Adjusted PB Ratio. This places Titas Gas Transmission and Distribution in the top 6% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PB Ratio is 1.53. Titas Gas Transmission and Distribution's value of 0.24 is 84.3% below this benchmark. Historically, Titas Gas Transmission and Distribution's own Cyclically Adjusted PB Ratio has ranged from 0.18 to 0.58 over the past decade. While the company's 10-year median is 0.29 vs. the industry median of 1.53, Titas Gas Transmission and Distribution 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 an Utilities - Regulated company?
The median Cyclically Adjusted PB Ratio among Utilities - Regulated companies is 1.53, based on 440 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. Titas Gas Transmission and Distribution's current Cyclically Adjusted PB Ratio of 0.24 is 84.3% 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 Titas Gas Transmission and Distribution and its competitors. For the Utilities - Regulated industry, the median Cyclically Adjusted PB Ratio is 1.53 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Titas Gas Transmission and Distribution's current Cyclically Adjusted PB Ratio is 0.24, which is 17% below median its own 10-year median of 0.29. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Titas Gas Transmission and Distribution stock overvalued right now?
Based on GuruFocus' analysis, Titas Gas Transmission and Distribution (DHA:TITASGAS) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT23.59, compared to a current price of BDT21.30 — trading 9.7% below its estimated fair value. The current Cyclically Adjusted PB Ratio is 0.24, which is 17% below median its 10-year median of 0.29 and 84.3% below the Utilities - Regulated industry median of 1.53. Titas Gas Transmission and Distribution's overall GF Score™ is 73/100 with 9 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 Titas Gas Transmission and Distribution (DHA:TITASGAS), the current Cyclically Adjusted PB Ratio is 0.24 as of Jul. 14, 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 Titas Gas Transmission and Distribution (DHA:TITASGAS) Overvalued in 2026?

Based on GuruFocus' analysis, Titas Gas Transmission and Distribution stock appears to be undervalued. The current stock price of BDT21.30 is trading 9.7% below its estimated GF Value™ of BDT23.59. GuruFocus considers Titas Gas Transmission and Distribution to be Modestly Undervalued.

Key valuation signals for DHA:TITASGAS:

  • Cyclically Adjusted PB Ratio: 0.24 (17% below median its 10-year median of 0.29)
  • GF Value™: BDT23.59 vs. price of BDT21.30 (9.7% below fair value)
  • GF Score™: 73/100 with 9 warning signs
  • Industry Position: 84.3% below the Utilities - Regulated median (#25 of 440)

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


Titas Gas Transmission and Distribution Business Description

Address 105, Kazi Nazrul Islam Avenue, Titas Gas Bhaban, Kawran Bazar Commerial Area, Dhaka, BGD, 1215
Titas Gas Transmission and Distribution PLC is principally engaged in the business of natural gas distribution. The company aims to transmit natural gas from the gas fields to different areas to distribute the same to the consumers in power, fertilizer, industrial, commercial, captive power, feed gas for CNG, and domestic categories within its franchise areas, viz. greater Dhaka & Mymensingh districts. The company supplies gas to power stations, fertilizer factories, industries, commercial users, captive power plants, compressed natural gas stations, and households through an extensive pipeline network.
73GF Score

Get the complete analysis for DHA:TITASGAS

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

BDT21.30
Price
BDT23.59
GF Value