British American Tobacco Bangladesh Co (DHA:BATBC) Cyclically Adjusted PS Ratio: 1.46 (As of Jul. 14, 2026) — 12% Below Median

Author: Vera Yuan Vera Yuan
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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:BATBC British American Tobacco Bangladesh Co Ltd DHA:BATBC
86 GF Score
Price BDT224.00
GF Value BDT310.56
Valuation Modestly Undervalued
! 9 Warning Signs
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What is British American Tobacco Bangladesh Co Cyclically Adjusted PS Ratio?

British American Tobacco Bangladesh Co DHA:BATBC +1.63% 86 Cyclically Adjusted PS Ratio is 1.46 as of Jul. 14, 2026, which is 12% below its 10-year median of 1.65. GuruFocus rates DHA:BATBC with a GF Score™ of 86/100 and a GF Value™ of BDT310.56 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 34 Tobacco Products companies, British American Tobacco Bangladesh Co ranks better than 50% on this metric.

As of today (2026-07-14), British American Tobacco Bangladesh Co's current share price is BDT224.00. British American Tobacco Bangladesh Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT152.91. British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio for today is 1.46.

The historical rank and industry rank for British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio or its related term are showing as below:

DHA:BATBC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.37   Med: 1.65   Max: 1.85
Current: 1.43

During the past years, British American Tobacco Bangladesh Co's highest Cyclically Adjusted PS Ratio was 1.85. The lowest was 1.37. And the median was 1.65.

DHA:BATBC's Cyclically Adjusted PS Ratio is ranked better than
50% of 34 companies
in the Tobacco Products industry
Industry Median: 1.925 vs DHA:BATBC: 1.43

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.

British American Tobacco Bangladesh Co's adjusted revenue per share data for the three months ended in Mar. 2026 was BDT26.533. 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 BDT152.91 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


British American Tobacco Bangladesh Co  (DHA:BATBC) 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.


British American Tobacco Bangladesh Co Cyclically Adjusted PS Ratio Related Terms


British American Tobacco Bangladesh Co Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for British American Tobacco Bangladesh Co'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.

British American Tobacco Bangladesh Co Cyclically Adjusted PS Ratio Chart

British American Tobacco Bangladesh Co 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 0.00 0.00 0.00 1.66

British American Tobacco Bangladesh Co 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 0.00 0.00 1.85 1.66 1.45

DHA:BATBC vs PM, MO, TPB: Cyclically Adjusted PS Ratio Comparison

For the Tobacco subindustry, British American Tobacco Bangladesh Co'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.


British American Tobacco Bangladesh Co Cyclically Adjusted PS Ratio vs Tobacco Products Industry

For the Tobacco Products industry and Consumer Defensive sector, British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio falls into.


DHA:BATBC
86GF Score
British American Tobacco Bangladesh Co Ltd DHA:BATBC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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British American Tobacco Bangladesh Co 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.

British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=224.00/152.91
=1.46

* 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.

British American Tobacco Bangladesh Co's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, British American Tobacco Bangladesh Co'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)
=26.533/330.2130*330.2130
=26.533

Current CPI (Mar. 2026) = 330.2130.

British American Tobacco Bangladesh Co Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 21.144 241.018 28.969
201609 17.779 241.428 24.317
201612 22.698 241.432 31.045
201703 24.038 243.801 32.558
201706 25.705 244.955 34.652
201709 19.688 246.819 26.340
201712 26.792 246.524 35.887
201803 26.972 249.554 35.690
201806 27.496 251.989 36.031
201809 21.638 252.439 28.304
201812 25.092 251.233 32.980
201903 22.825 254.202 29.650
201906 24.261 256.143 31.277
201909 28.132 256.759 36.180
201912 30.027 256.974 38.585
202003 33.516 258.115 42.878
202006 23.330 257.797 29.883
202009 23.570 260.280 29.903
202012 31.201 260.474 39.555
202103 37.816 264.877 47.144
202106 33.307 271.696 40.481
202109 27.160 274.310 32.695
202112 40.270 278.802 47.696
202203 36.167 287.504 41.540
202206 40.368 296.311 44.987
202209 37.504 296.808 41.725
202212 41.894 296.797 46.611
202303 42.008 301.836 45.957
202306 49.115 305.109 53.156
202309 34.686 307.789 37.213
202312 43.967 306.746 47.331
202403 36.937 312.332 39.052
202406 53.519 314.175 56.251
202409 37.968 315.301 39.764
202412 55.696 315.605 58.274
202503 34.523 319.799 35.647
202506 40.960 322.561 41.932
202509 31.064 324.800 31.582
202512 47.921 324.054 48.832
202603 26.533 330.213 26.533

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 1.46 mean?
British American Tobacco Bangladesh Co (DHA:BATBC) has a Cyclically Adjusted PS Ratio of 1.46 as of Jul. 14, 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 British American Tobacco Bangladesh Co and its competitors. This is 12% below median its historical median of 1.65. Over the past decade, British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio has ranged from 1.37 to 1.85. According to the industry distribution chart, British American Tobacco Bangladesh Co ranks #17 out of 34 companies in the Tobacco Products industry, placing it in the top 50%.
Is British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio too high?
British American Tobacco Bangladesh Co's current Cyclically Adjusted PS Ratio of 1.46 is 12% below median its 10-year median of 1.65. Over the past 10 years, this metric has ranged from a low of 1.37 to a high of 1.85. The Tobacco Products industry median Cyclically Adjusted PS Ratio is 1.93. British American Tobacco Bangladesh Co's value of 1.46 is 24.2% below this industry median. Based on the distribution chart, British American Tobacco Bangladesh Co ranks #17 out of 34 companies in the Tobacco Products industry, which is above the industry midpoint. Overall, British American Tobacco Bangladesh Co has a GF Score™ of 86/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does British American Tobacco Bangladesh Co's Cyclically Adjusted PS Ratio compare to PM and MO?
According to the Tobacco Products industry distribution chart, British American Tobacco Bangladesh Co ranks #17 out of 34 companies for Cyclically Adjusted PS Ratio. This puts British American Tobacco Bangladesh Co in the upper half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.93. British American Tobacco Bangladesh Co's value of 1.46 is 24.2% below this benchmark. Historically, British American Tobacco Bangladesh Co's own Cyclically Adjusted PS Ratio has ranged from 1.37 to 1.85 over the past decade. While the company's 10-year median is 1.65 vs. the industry median of 1.93, British American Tobacco Bangladesh Co 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 Tobacco Products company?
The median Cyclically Adjusted PS Ratio among Tobacco Products companies is 1.93, based on 34 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. British American Tobacco Bangladesh Co's current Cyclically Adjusted PS Ratio of 1.46 is 24.2% 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 British American Tobacco Bangladesh Co and its competitors. For the Tobacco Products industry, the median Cyclically Adjusted PS Ratio is 1.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. British American Tobacco Bangladesh Co's current Cyclically Adjusted PS Ratio is 1.46, which is 12% below median its own 10-year median of 1.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is British American Tobacco Bangladesh Co stock overvalued right now?
Based on GuruFocus' analysis, British American Tobacco Bangladesh Co (DHA:BATBC) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT310.56, compared to a current price of BDT224.00 — trading 27.9% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.46, which is 12% below median its 10-year median of 1.65 and 24.2% below the Tobacco Products industry median of 1.93. British American Tobacco Bangladesh Co's overall GF Score™ is 86/100 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 PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For British American Tobacco Bangladesh Co (DHA:BATBC), the current Cyclically Adjusted PS Ratio is 1.46 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 British American Tobacco Bangladesh Co (DHA:BATBC) Overvalued in 2026?

Based on GuruFocus' analysis, British American Tobacco Bangladesh Co stock appears to be undervalued. The current stock price of BDT224.00 is trading 27.9% below its estimated GF Value™ of BDT310.56. GuruFocus considers British American Tobacco Bangladesh Co to be Modestly Undervalued.

Key valuation signals for DHA:BATBC:

  • Cyclically Adjusted PS Ratio: 1.46 (12% below median its 10-year median of 1.65)
  • GF Value™: BDT310.56 vs. price of BDT224.00 (27.9% below fair value)
  • GF Score™: 86/100 with 9 warning signs
  • Industry Position: 24.2% below the Tobacco Products median (#17 of 34)

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


British American Tobacco Bangladesh Co Business Description

Address Balibhadra Bazar, Dehora, Dhamsona, Ashulia, Dhaka, BGD, 1349
British American Tobacco Bangladesh Co Ltd is engaged in the manufacturing and marketing of cigarettes in Bangladesh. It manufactures and markets brands including Benson & Hedges, John Player Gold Leaf, John Player Series, Capstan, Lucky Strike, Star, Royals, Derby, Pilot, and Hollywood.
86GF Score

Get the complete analysis for DHA:BATBC

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

BDT224.00
Price
BDT310.56
GF Value