First Security Islami Bank (DHA:FIRSTSBANK) Cyclically Adjusted PS Ratio: 0.72 (As of Jul. 29, 2026)

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:FIRSTSBANK First Security Islami Bank PLC DHA:FIRSTSBANK
58 GF Score
Price BDT8.20
View Full Analysis

What is First Security Islami Bank Cyclically Adjusted PS Ratio?

First Security Islami Bank DHA:FIRSTSBANK 58 Cyclically Adjusted PS Ratio is 0.72 as of Jul. 29, 2026. GuruFocus rates DHA:FIRSTSBANK with a GF Score™ of 58/100. Among 1,301 Banks companies, First Security Islami Bank ranks better than 94.7% on this metric.

As of today (2026-07-29), First Security Islami Bank's current share price is BDT8.20. First Security Islami Bank's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 was BDT11.39. First Security Islami Bank's Cyclically Adjusted PS Ratio for today is 0.72.

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

DHA:FIRSTSBANK's Cyclically Adjusted PS Ratio is not ranked *
in the Banks industry.
Industry Median: 3.43
* Ranked among companies with meaningful Cyclically Adjusted PS Ratio only.

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.

First Security Islami Bank's adjusted revenue per share data of for the fiscal year that ended in Dec24 was BDT5.939. 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 BDT11.39 for the trailing ten years ended in Dec24.

Shiller PE for Stocks: The True Measure of Stock Valuation


First Security Islami Bank  (DHA:FIRSTSBANK) 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.


First Security Islami Bank Cyclically Adjusted PS Ratio Related Terms


First Security Islami Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for First Security Islami 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.

First Security Islami Bank Cyclically Adjusted PS Ratio Chart

First Security Islami Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.77 0.45

First Security Islami Bank Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 0.45 0.00 0.00

First Security Islami Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, First Security Islami 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.


First Security Islami Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:FIRSTSBANK
58GF Score
First Security Islami Bank PLC DHA:FIRSTSBANK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Security Islami 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.

First Security Islami Bank's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=8.20/11.39
=0.72

* 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.

First Security Islami Bank's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec24 is calculated as:

For example, First Security Islami Bank's adjusted Revenue per Share data for the fiscal year that ended in Dec24 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec24 (Change)*Current CPI (Dec24)
=5.939/315.6050*315.6050
=5.939

Current CPI (Dec24) = 315.6050.

First Security Islami Bank Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 5.146 236.525 6.867
201612 6.811 241.432 8.903
201712 8.189 246.524 10.484
201812 9.169 251.233 11.518
201912 10.132 256.974 12.444
202012 11.164 260.474 13.527
202112 12.546 278.802 14.202
202212 13.928 296.797 14.811
202312 14.744 306.746 15.170
202412 5.939 315.605 5.939

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 0.72 mean?
First Security Islami Bank (DHA:FIRSTSBANK) has a Cyclically Adjusted PS Ratio of 0.72 as of Jul. 29, 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 First Security Islami Bank and its competitors. According to the industry distribution chart, First Security Islami Bank ranks #69 out of 1301 companies in the Banks industry, placing it in the top 5.3%.
Is First Security Islami Bank's Cyclically Adjusted PS Ratio too high?
First Security Islami Bank's current Cyclically Adjusted PS Ratio is 0.72. The Banks industry median Cyclically Adjusted PS Ratio is 3.43. First Security Islami Bank's value of 0.72 is 79% below this industry median. Based on the distribution chart, First Security Islami Bank ranks #69 out of 1301 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, First Security Islami Bank has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does First Security Islami Bank's Cyclically Adjusted PS Ratio compare to competitors?
According to the Banks industry distribution chart, First Security Islami Bank ranks #69 out of 1301 companies for Cyclically Adjusted PS Ratio. This places First Security Islami Bank in the top 5% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.43. First Security Islami Bank's value of 0.72 is 79% below this benchmark. 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 3.43, based on 1,301 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. First Security Islami Bank's current Cyclically Adjusted PS Ratio of 0.72 is 79% 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 First Security Islami Bank and its competitors. For the Banks industry, the median Cyclically Adjusted PS Ratio is 3.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Security Islami Bank's current Cyclically Adjusted PS Ratio is 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Security Islami Bank stock overvalued right now?
First Security Islami Bank (DHA:FIRSTSBANK) has a current Cyclically Adjusted PS Ratio of 0.72. The current Cyclically Adjusted PS Ratio is 0.72 and 79% below the Banks industry median of 3.43. First Security Islami Bank's overall GF Score™ is 58/100. 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 First Security Islami Bank (DHA:FIRSTSBANK), the current Cyclically Adjusted PS Ratio is 0.72 as of Jul. 29, 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.

First Security Islami Bank Business Description

Address Rangs RD Center, Block: SE (F), Plot:03, Gulshan Avenue, Gulshan - 1, Dhaka, BGD, 1212
First Security Islami Bank PLC is a commercial bank. The bank's activities include accepting deposits, making loans, discounting bills, conducting money transfers and foreign exchange transactions, and performing other services. The company mainly focuses on deposit mobilization and investing activities comprising short-term, long-term, import, and export financing. The company invests in rural and agriculture, garments, jute, cement and bricks, tannery, steel and engineering, food and beverage, chemical and pharmaceuticals, printing and packaging, glass, and ceramics.
58GF Score

Get the complete analysis for DHA:FIRSTSBANK

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

BDT8.20
Price