Bank Asia (DHA:BANKASIA) Cyclically Adjusted PS Ratio: 1.21 (As of Jul. 22, 2026) — Near Median

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DHA:BANKASIA Bank Asia PLC DHA:BANKASIA
81 GF Score
Price BDT18.60
GF Value BDT18.84
Valuation Fairly Valued
! 5 Warning Signs
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What is Bank Asia Cyclically Adjusted PS Ratio?

Bank Asia DHA:BANKASIA 81 Cyclically Adjusted PS Ratio is 1.21 as of Jul. 22, 2026, which is 1% below its 10-year median of 1.22. GuruFocus rates DHA:BANKASIA with a GF Score™ of 81/100 and a GF Value™ of BDT18.84 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,299 Banks companies, Bank Asia ranks better than 87.76% on this metric.

As of today (2026-07-22), Bank Asia's current share price is BDT18.60. Bank Asia's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT15.32. Bank Asia's Cyclically Adjusted PS Ratio for today is 1.21.

The historical rank and industry rank for Bank Asia's Cyclically Adjusted PS Ratio or its related term are showing as below:

DHA:BANKASIA' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.98   Med: 1.22   Max: 1.54
Current: 1.21

During the past years, Bank Asia's highest Cyclically Adjusted PS Ratio was 1.54. The lowest was 0.98. And the median was 1.22.

DHA:BANKASIA's Cyclically Adjusted PS Ratio is ranked better than
87.76% of 1299 companies
in the Banks industry
Industry Median: 3.37 vs DHA:BANKASIA: 1.21

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 PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

Bank Asia's adjusted revenue per share data for the three months ended in Mar. 2026 was BDT4.054. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is BDT15.32 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Bank Asia  (DHA:BANKASIA) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue 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 PS Ratio should give similar results to regular PS Ratio.


Bank Asia Cyclically Adjusted PS Ratio Related Terms


Bank Asia Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Bank Asia's Cyclically Adjusted PS 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.

Bank Asia Cyclically Adjusted PS Ratio Chart

Bank Asia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 1.51 1.38 1.05 1.13

Bank Asia Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted PS 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 1.02 1.03 1.14 1.13 1.28

Bank Asia Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Bank Asia's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS 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.


Bank Asia Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Bank Asia's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Bank Asia's Cyclically Adjusted PS Ratio falls into.


DHA:BANKASIA
81GF Score
Bank Asia PLC DHA:BANKASIA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Bank Asia Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS 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 PS Ratio.

Bank Asia's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=18.60/15.32
=1.21

* 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.

Bank Asia's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, Bank Asia's adjusted Revenue per Share data for the three months ended in Mar. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=4.054/330.2130*330.2130
=4.054

Current CPI (Mar. 2026) = 330.2130.

Bank Asia Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.213 241.018 3.032
201609 1.744 241.428 2.385
201612 2.252 241.432 3.080
201703 1.903 243.801 2.577
201706 2.298 244.955 3.098
201709 2.258 246.819 3.021
201712 2.389 246.524 3.200
201803 2.289 249.554 3.029
201806 2.799 251.989 3.668
201809 2.484 252.439 3.249
201812 2.702 251.233 3.551
201903 2.685 254.202 3.488
201906 2.991 256.143 3.856
201909 2.942 256.759 3.784
201912 3.083 256.974 3.962
202003 2.773 258.115 3.548
202006 2.235 257.797 2.863
202009 2.573 260.280 3.264
202012 1.747 260.474 2.215
202103 2.864 264.877 3.570
202106 3.300 271.696 4.011
202109 3.067 274.310 3.692
202112 3.117 278.802 3.692
202203 3.251 287.504 3.734
202206 3.746 296.311 4.175
202209 3.390 296.808 3.772
202212 4.441 296.797 4.941
202303 3.414 301.836 3.735
202306 3.994 305.109 4.323
202309 3.718 307.789 3.989
202312 4.243 306.746 4.568
202403 4.476 312.332 4.732
202406 4.801 314.175 5.046
202409 4.664 315.301 4.885
202412 5.324 315.605 5.570
202503 4.104 319.799 4.238
202506 4.325 322.561 4.428
202509 4.709 324.800 4.787
202512 6.304 324.054 6.424
202603 4.054 330.213 4.054

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue 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 PS Ratio of 1.21 mean?
Bank Asia (DHA:BANKASIA) has a Cyclically Adjusted PS Ratio of 1.21 as of Jul. 22, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bank Asia and its competitors. This is near median its historical median of 1.22. Over the past decade, Bank Asia's Cyclically Adjusted PS Ratio has ranged from 0.98 to 1.54. According to the industry distribution chart, Bank Asia ranks #159 out of 1299 companies in the Banks industry, placing it in the top 12.2%.
Is Bank Asia's Cyclically Adjusted PS Ratio too high?
Bank Asia's current Cyclically Adjusted PS Ratio of 1.21 is near median its 10-year median of 1.22. Over the past 10 years, this metric has ranged from a low of 0.98 to a high of 1.54. The Banks industry median Cyclically Adjusted PS Ratio is 3.37. Bank Asia's value of 1.21 is 64.1% below this industry median. Based on the distribution chart, Bank Asia ranks #159 out of 1299 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Bank Asia has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank Asia's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Bank Asia ranks #159 out of 1299 companies for Cyclically Adjusted PS Ratio. This places Bank Asia in the top 12% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.37. Bank Asia's value of 1.21 is 64.1% below this benchmark. Historically, Bank Asia's own Cyclically Adjusted PS Ratio has ranged from 0.98 to 1.54 over the past decade. While the company's 10-year median is 1.22 vs. the industry median of 3.37, Bank Asia 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 PS Ratio for a Banks company?
The median Cyclically Adjusted PS Ratio among Banks companies is 3.37, based on 1,299 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Bank Asia's current Cyclically Adjusted PS Ratio of 1.21 is 64.1% 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 PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bank Asia and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.37 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Bank Asia's current Cyclically Adjusted PS Ratio is 1.21, which is near median its own 10-year median of 1.22. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Asia stock overvalued right now?
Based on GuruFocus' analysis, Bank Asia (DHA:BANKASIA) is currently considered Fairly Valued. The stock's GF Value™ is BDT18.84, compared to a current price of BDT18.60 — trading 1.3% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.21, which is near median its 10-year median of 1.22 and 64.1% below the Banks industry median of 3.37. Bank Asia's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Bank Asia (DHA:BANKASIA), the current Cyclically Adjusted PS Ratio is 1.21 as of Jul. 22, 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 Bank Asia (DHA:BANKASIA) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Asia stock appears to be undervalued. The current stock price of BDT18.60 is trading 1.3% below its estimated GF Value™ of BDT18.84. GuruFocus considers Bank Asia to be Fairly Valued.

Key valuation signals for DHA:BANKASIA:

  • Cyclically Adjusted PS Ratio: 1.21 (near median its 10-year median of 1.22)
  • GF Value™: BDT18.84 vs. price of BDT18.60 (1.3% below fair value)
  • GF Score™: 81/100 with 5 warning signs
  • Industry Position: 64.1% below the Banks median (#159 of 1299)

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


Bank Asia Business Description

Address 32 & 34 Kazi Nazrul Islam Avenue, Bank Asia Tower, Karwan Bazar, Dhaka, BGD, 1215
Bank Asia PLC is a Bangladesh-based Bank. The bank offers a range of banking products and services, including mobile banking, ATM services, credit card facilities, internet banking, foreign currency accounts, and additional services. Its principal activities include providing a range of conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, SME centers, and alternative delivery channels. The Bank's operating segments are comprised of Conventional Banking, Islamic Banking, Off-shore Banking, Bank Asia Securities Limited, BA Exchange Company (UK) Limited, and BA Express USA Inc., of which the maximum revenue is generated from its Conventional Banking segment. Geographically, it derives maximum revenue from operations in Bangladesh.
81GF Score

Get the complete analysis for DHA:BANKASIA

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

BDT18.60
Price
BDT18.84
GF Value