Eastern Bank (DHA:EBL) Cyclically Adjusted PS Ratio: 1.84 (As of Jul. 28, 2026) — Near 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:EBL Eastern Bank PLC DHA:EBL
91 GF Score
Price BDT24.30
GF Value BDT28.47
Valuation Modestly Undervalued
! 3 Warning Signs
View Full Analysis

What is Eastern Bank Cyclically Adjusted PS Ratio?

Eastern Bank DHA:EBL +0.41% 91 Cyclically Adjusted PS Ratio is 1.84 as of Jul. 28, 2026, which is 2% below its 10-year median of 1.87. GuruFocus rates DHA:EBL with a GF Score™ of 91/100 and a GF Value™ of BDT28.47 (Modestly Undervalued). The stock has 3 warning signs investors should review. Among 1,302 Banks companies, Eastern Bank ranks better than 78.96% on this metric.

As of today (2026-07-28), Eastern Bank's current share price is BDT24.30. Eastern Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT13.19. Eastern Bank's Cyclically Adjusted PS Ratio for today is 1.84.

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

DHA:EBL' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.7   Med: 1.87   Max: 2.19
Current: 1.84

During the past years, Eastern Bank's highest Cyclically Adjusted PS Ratio was 2.19. The lowest was 1.70. And the median was 1.87.

DHA:EBL's Cyclically Adjusted PS Ratio is ranked better than
78.96% of 1302 companies
in the Banks industry
Industry Median: 3.405 vs DHA:EBL: 1.84

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.

Eastern Bank's adjusted revenue per share data for the three months ended in Mar. 2026 was BDT4.739. 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 BDT13.19 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Eastern Bank  (DHA:EBL) 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.


Eastern Bank Cyclically Adjusted PS Ratio Related Terms


Eastern Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Eastern Bank'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.

Eastern Bank Cyclically Adjusted PS Ratio Chart

Eastern Bank 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 1.85

Eastern Bank 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 1.90 1.85 1.93

Eastern Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Eastern Bank'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.


Eastern Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:EBL
91GF Score
Eastern Bank PLC DHA:EBL
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Eastern Bank 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=24.30/13.19
=1.84

* 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.

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

For example, Eastern Bank'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)
=4.739/330.2130*330.2130
=4.739

Current CPI (Mar. 2026) = 330.2130.

Eastern Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.983 241.018 2.717
201609 1.528 241.428 2.090
201612 1.592 241.432 2.177
201703 1.917 243.801 2.596
201706 1.983 244.955 2.673
201709 1.864 246.819 2.494
201712 2.003 246.524 2.683
201803 1.973 249.554 2.611
201806 2.000 251.989 2.621
201809 2.086 252.439 2.729
201812 2.186 251.233 2.873
201903 2.263 254.202 2.940
201906 2.399 256.143 3.093
201909 2.105 256.759 2.707
201912 2.315 256.974 2.975
202003 2.428 258.115 3.106
202006 1.858 257.797 2.380
202009 2.213 260.280 2.808
202012 2.349 260.474 2.978
202103 2.343 264.877 2.921
202106 2.730 271.696 3.318
202109 2.901 274.310 3.492
202112 2.870 278.802 3.399
202203 2.694 287.504 3.094
202206 2.784 296.311 3.103
202209 2.858 296.808 3.180
202212 2.551 296.797 2.838
202303 2.884 301.836 3.155
202306 3.070 305.109 3.323
202309 3.460 307.789 3.712
202312 3.299 306.746 3.551
202403 3.647 312.332 3.856
202406 4.438 314.175 4.665
202409 4.145 315.301 4.341
202412 4.587 315.605 4.799
202503 4.694 319.799 4.847
202506 4.538 322.561 4.646
202509 5.040 324.800 5.124
202512 4.460 324.054 4.545
202603 4.739 330.213 4.739

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 1.84 mean?
Eastern Bank (DHA:EBL) has a Cyclically Adjusted PS Ratio of 1.84 as of Jul. 28, 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 Eastern Bank and its competitors. This is near median its historical median of 1.87. Over the past decade, Eastern Bank's Cyclically Adjusted PS Ratio has ranged from 1.70 to 2.19. According to the industry distribution chart, Eastern Bank ranks #274 out of 1302 companies in the Banks industry, placing it in the top 21%.
Is Eastern Bank's Cyclically Adjusted PS Ratio too high?
Eastern Bank's current Cyclically Adjusted PS Ratio of 1.84 is near median its 10-year median of 1.87. Over the past 10 years, this metric has ranged from a low of 1.70 to a high of 2.19. The Banks industry median Cyclically Adjusted PS Ratio is 3.41. Eastern Bank's value of 1.84 is 46% below this industry median. Based on the distribution chart, Eastern Bank ranks #274 out of 1302 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, Eastern Bank has a GF Score™ of 91/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Eastern Bank's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, Eastern Bank ranks #274 out of 1302 companies for Cyclically Adjusted PS Ratio. This places Eastern Bank in the top 21% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.41. Eastern Bank's value of 1.84 is 46% below this benchmark. Historically, Eastern Bank's own Cyclically Adjusted PS Ratio has ranged from 1.70 to 2.19 over the past decade. While the company's 10-year median is 1.87 vs. the industry median of 3.41, Eastern Bank 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 3.41, based on 1,302 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. Eastern Bank's current Cyclically Adjusted PS Ratio of 1.84 is 46% 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 Eastern Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Eastern Bank's current Cyclically Adjusted PS Ratio is 1.84, which is near median its own 10-year median of 1.87. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Eastern Bank stock overvalued right now?
Based on GuruFocus' analysis, Eastern Bank (DHA:EBL) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT28.47, compared to a current price of BDT24.30 — trading 14.6% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.84, which is near median its 10-year median of 1.87 and 46% below the Banks industry median of 3.41. Eastern Bank's overall GF Score™ is 91/100 with 3 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 Eastern Bank (DHA:EBL), the current Cyclically Adjusted PS Ratio is 1.84 as of Jul. 28, 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 Eastern Bank (DHA:EBL) Overvalued in 2026?

Based on GuruFocus' analysis, Eastern Bank stock appears to be undervalued. The current stock price of BDT24.30 is trading 14.6% below its estimated GF Value™ of BDT28.47. GuruFocus considers Eastern Bank to be Modestly Undervalued.

Key valuation signals for DHA:EBL:

  • Cyclically Adjusted PS Ratio: 1.84 (near median its 10-year median of 1.87)
  • GF Value™: BDT28.47 vs. price of BDT24.30 (14.6% below fair value)
  • GF Score™: 91/100 with 3 warning signs
  • Industry Position: 46% below the Banks median (#274 of 1302)

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


Eastern Bank Business Description

Address 100 Gulshan Avenue, Dhaka, BGD, 1212
Eastern Bank PLC provides a wide range of commercial banking products and services through Corporate Banking, Retail & SME Banking and Treasury. Its services include term lending, project financing, working capital financing, trade financing, cash management solutions, deposit services, personal and SME financing, card services, digital banking services and agent banking. Its Segments are Domestic Banking Operation (DBO), Offshore Banking Operation (OBO), Islamic Banking (IB), EBL Securities PLC. (EBLSL), EBL Investments Limited (EBLIL), EBL Finance (HK) Limited and EBL Asset Management Ltd. Maximum revenue is generated from the Domestic Banking Operation segment, which offers commercial banking products and services through Corporate, Retail & SME Banking and Treasury business units.
91GF Score

Get the complete analysis for DHA:EBL

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

BDT24.30
Price
BDT28.47
GF Value