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Islami Bank Bangladesh (DHA:ISLAMIBANK) Cyclically Adjusted PS Ratio : 1.25 (As of May. 01, 2024)


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What is Islami Bank Bangladesh Cyclically Adjusted PS Ratio?

As of today (2024-05-01), Islami Bank Bangladesh's current share price is BDT32.60. Islami Bank Bangladesh's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 was BDT26.18. Islami Bank Bangladesh's Cyclically Adjusted PS Ratio for today is 1.25.

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

DHA:ISLAMIBANK's Cyclically Adjusted PS Ratio is not ranked *
in the Banks industry.
Industry Median: 2.38
* 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.

Islami Bank Bangladesh's adjusted revenue per share data of for the fiscal year that ended in Dec22 was BDT31.151. 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 BDT26.18 for the trailing ten years ended in Dec22.

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Islami Bank Bangladesh Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Islami Bank Bangladesh'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.

* Premium members only.

Islami Bank Bangladesh Cyclically Adjusted PS Ratio Chart

Islami Bank Bangladesh Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - 1.26

Islami Bank Bangladesh Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
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 - - - 1.26 -

Competitive Comparison of Islami Bank Bangladesh's Cyclically Adjusted PS Ratio

For the Banks - Regional subindustry, Islami Bank Bangladesh'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.


Islami Bank Bangladesh's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

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

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



Islami Bank Bangladesh 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.

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

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=32.60/26.18
=1.25

* 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.

Islami Bank Bangladesh's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec22 is calculated as:

For example, Islami Bank Bangladesh's adjusted Revenue per Share data for the fiscal year that ended in Dec22 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Dec22 (Change)*Current CPI (Dec22)
=31.151/125.2218*125.2218
=31.151

Current CPI (Dec22) = 125.2218.

Islami Bank Bangladesh Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201312 15.692 98.326 19.984
201412 17.012 99.070 21.503
201512 17.401 99.792 21.835
201612 20.089 101.863 24.696
201712 22.299 104.011 26.846
201812 24.704 105.998 29.184
201912 26.561 108.420 30.677
202012 24.719 109.897 28.166
202112 26.061 117.630 27.743
202212 31.151 125.222 31.151

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.


Islami Bank Bangladesh  (DHA:ISLAMIBANK) 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.


Islami Bank Bangladesh Cyclically Adjusted PS Ratio Related Terms

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Islami Bank Bangladesh (DHA:ISLAMIBANK) Business Description

Traded in Other Exchanges
N/A
Address
Islami Bank Tower, 40, Dilkusha Commercial Area, Dhaka, BGD, 1000
Islami Bank Bangladesh PLC is engaged in commercial banking business based on Islamic Shariah. The company product and services categories include Deposit; Investment; NRB(Non-Resident Bangladeshi) Entrepreneurs Services; SME Information; Locker Service and Offshore Banking Units (OBU). The Bank conducts its business on the Shari'ah principle of Mudaraba, Musharaka, Bai-Murabaha, Bai-Muajjal, Hire Purchase under Shirkatul Melk, Bai-Salam, Bai-as-Sarf and Ujarah etc.

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