BSRM Steels (DHA:BSRMSTEEL) Cyclically Adjusted PS Ratio: 0.44 (As of Aug. 25, 2026) — 19% Above Median

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DHA:BSRMSTEEL BSRM Steels Ltd DHA:BSRMSTEEL
89 GF Score
Price BDT91.90
GF Value BDT90.43
Valuation Fairly Valued
! 8 Warning Signs
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What is BSRM Steels Cyclically Adjusted PS Ratio?

BSRM Steels DHA:BSRMSTEEL -2.34% 89 Cyclically Adjusted PS Ratio is 0.44 as of Aug. 25, 2026, which is 19% above its 10-year median of 0.37. GuruFocus rates DHA:BSRMSTEEL with a GF Score™ of 89/100 and a GF Value™ of BDT90.43 (Fairly Valued). The stock has 8 warning signs investors should review. Among 513 Steel companies, BSRM Steels ranks worse than 50.29% on this metric.

As of today (2026-08-25), BSRM Steels's current share price is BDT91.90. BSRM Steels's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT210.65. BSRM Steels's Cyclically Adjusted PS Ratio for today is 0.44.

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

DHA:BSRMSTEEL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.28   Med: 0.37   Max: 0.49
Current: 0.45

During the past years, BSRM Steels's highest Cyclically Adjusted PS Ratio was 0.49. The lowest was 0.28. And the median was 0.37.

DHA:BSRMSTEEL's Cyclically Adjusted PS Ratio is ranked worse than
50.29% of 513 companies
in the Steel industry
Industry Median: 0.44 vs DHA:BSRMSTEEL: 0.45

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.

BSRM Steels's adjusted revenue per share data for the three months ended in Mar. 2026 was BDT109.645. 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 BDT210.65 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


BSRM Steels  (DHA:BSRMSTEEL) 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.


BSRM Steels Cyclically Adjusted PS Ratio Related Terms


BSRM Steels Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for BSRM Steels'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.

BSRM Steels Cyclically Adjusted PS Ratio Chart

BSRM Steels Annual Data
Trend Dec15 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.47 0.41 0.34 0.30

BSRM Steels 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 0.28 0.30 0.34 0.32 0.32

DHA:BSRMSTEEL vs NUE, STLD, RS: Cyclically Adjusted PS Ratio Comparison

For the Steel subindustry, BSRM Steels'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.


BSRM Steels Cyclically Adjusted PS Ratio vs Steel Industry

For the Steel industry and Basic Materials sector, BSRM Steels's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


DHA:BSRMSTEEL
89GF Score
BSRM Steels Ltd DHA:BSRMSTEEL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BSRM Steels 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.

BSRM Steels's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=91.90/210.65
=0.44

* 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.

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

For example, BSRM Steels'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)
=109.645/330.2130*330.2130
=109.645

Current CPI (Mar. 2026) = 330.2130.

BSRM Steels Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201603 27.326 238.132 37.892
201606 26.065 241.018 35.711
201609 18.901 241.428 25.852
201612 21.783 241.432 29.793
201703 29.675 243.801 40.193
201706 26.759 244.955 36.073
201709 25.542 246.819 34.172
201712 31.195 246.524 41.785
201806 0.000 251.989 0.000
201809 37.593 252.439 49.175
201812 38.897 251.233 51.125
201903 45.872 254.202 59.589
201906 40.088 256.143 51.680
201909 22.191 256.759 28.539
201912 32.379 256.974 41.607
202003 33.493 258.115 42.848
202006 15.309 257.797 19.609
202009 24.810 260.280 31.476
202012 39.461 260.474 50.026
202103 44.219 264.877 55.126
202106 37.743 271.696 45.872
202109 35.096 274.310 42.248
202112 41.720 278.802 49.413
202203 57.319 287.504 65.834
202206 44.537 296.311 49.633
202209 44.953 296.808 50.012
202212 53.965 296.797 60.041
202303 73.376 301.836 80.274
202306 52.857 305.109 57.206
202309 39.368 307.789 42.236
202312 57.254 306.746 61.634
202403 73.125 312.332 77.311
202406 50.325 314.175 52.894
202409 40.546 315.301 42.464
202412 67.816 315.605 70.955
202503 89.001 319.799 91.899
202506 78.367 322.561 80.226
202509 70.157 324.800 71.326
202512 88.797 324.054 90.485
202603 109.645 330.213 109.645

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 0.44 mean?
BSRM Steels (DHA:BSRMSTEEL) has a Cyclically Adjusted PS Ratio of 0.44 as of Aug. 25, 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 BSRM Steels and its competitors. This is 19% above median its historical median of 0.37. Over the past decade, BSRM Steels' Cyclically Adjusted PS Ratio has ranged from 0.28 to 0.49. According to the industry distribution chart, BSRM Steels ranks #258 out of 513 companies in the Steel industry, placing it in the top 50.3%.
Is BSRM Steels' Cyclically Adjusted PS Ratio too high?
BSRM Steels' current Cyclically Adjusted PS Ratio of 0.44 is 19% above median its 10-year median of 0.37. Over the past 10 years, this metric has ranged from a low of 0.28 to a high of 0.49. The Steel industry median Cyclically Adjusted PS Ratio is 0.44. BSRM Steels' value of 0.44 is 0% at this industry median. Based on the distribution chart, BSRM Steels ranks #258 out of 513 companies in the Steel industry, which is below the industry midpoint. Overall, BSRM Steels has a GF Score™ of 89/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does BSRM Steels' Cyclically Adjusted PS Ratio compare to NUE and STLD?
According to the Steel industry distribution chart, BSRM Steels ranks #258 out of 513 companies for Cyclically Adjusted PS Ratio. This places BSRM Steels in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.44. BSRM Steels' value of 0.44 is 0% at this benchmark. Historically, BSRM Steels' own Cyclically Adjusted PS Ratio has ranged from 0.28 to 0.49 over the past decade. While the company's 10-year median is 0.37 vs. the industry median of 0.44, BSRM Steels has consistently been at 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 Steel company?
The median Cyclically Adjusted PS Ratio among Steel companies is 0.44, based on 513 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. BSRM Steels's current Cyclically Adjusted PS Ratio of 0.44 is 0% at 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 BSRM Steels and its competitors. For the Steel industry, the median Cyclically Adjusted PS Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BSRM Steels's current Cyclically Adjusted PS Ratio is 0.44, which is 19% above median its own 10-year median of 0.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BSRM Steels stock overvalued right now?
Based on GuruFocus' analysis, BSRM Steels (DHA:BSRMSTEEL) is currently considered Fairly Valued. The stock's GF Value™ is BDT90.43, compared to a current price of BDT91.90 — trading 1.6% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.44, which is 19% above median its 10-year median of 0.37 and 0% at the Steel industry median of 0.44. BSRM Steels' overall GF Score™ is 89/100 with 8 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 BSRM Steels (DHA:BSRMSTEEL), the current Cyclically Adjusted PS Ratio is 0.44 as of Aug. 25, 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 BSRM Steels (DHA:BSRMSTEEL) Overvalued in 2026?

Based on GuruFocus' analysis, BSRM Steels stock appears to be overvalued. The current stock price of BDT91.90 is trading 1.6% above its estimated GF Value™ of BDT90.43. GuruFocus considers BSRM Steels to be Fairly Valued.

Key valuation signals for DHA:BSRMSTEEL:

  • Cyclically Adjusted PS Ratio: 0.44 (19% above median its 10-year median of 0.37)
  • GF Value™: BDT90.43 vs. price of BDT91.90 (1.6% above fair value)
  • GF Score™: 89/100 with 8 warning signs
  • Industry Position: 0% at the Steel median (#258 of 513)

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


BSRM Steels Business Description

Address Sadarghat Road, No. 1207/1099, Ali Mansion, Chattagong, BGD, 4100
BSRM Steels Ltd is a steel manufacturing company. The firm has two reportable segments namely M.S Rod and M.S Billets. The M.S Rod segment produces different graded Rod and sells the same to several dealers, end-users, other corporate users, Government projects, etc. The M.S Billets segment produces different graded Billets and uses them for the production of M.S Rod.
89GF Score

Get the complete analysis for DHA:BSRMSTEEL

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

BDT91.90
Price
BDT90.43
GF Value