Mutual Trust Bank (DHA:MTB) Cyclically Adjusted PS Ratio: (As of Aug. 08, 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:MTB Mutual Trust Bank PLC DHA:MTB
88 GF Score
Price BDT13.20
GF Value BDT11.52
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Mutual Trust Bank Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mutual Trust Bank  (DHA:MTB) 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.


Mutual Trust Bank Cyclically Adjusted PS Ratio Related Terms


Mutual Trust Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mutual Trust 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.

Mutual Trust Bank Cyclically Adjusted PS Ratio Chart

Mutual Trust 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 0.83

Mutual Trust Bank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 0.75 0.86 0.83 0.82 0.97

Mutual Trust Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, Mutual Trust 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.


Mutual Trust Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:MTB
88GF Score
Mutual Trust Bank PLC DHA:MTB
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mutual Trust 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.

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

For example, Mutual Trust Bank's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=4.762/333.9520*333.9520
=4.762

Current CPI (Jun. 2026) = 333.9520.

Mutual Trust Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.763 241.428 2.439
201612 1.783 241.432 2.466
201703 1.714 243.801 2.348
201706 1.788 244.955 2.438
201709 1.965 246.819 2.659
201712 2.311 246.524 3.131
201803 1.940 249.554 2.596
201806 2.240 251.989 2.969
201809 2.165 252.439 2.864
201812 2.538 251.233 3.374
201903 2.063 254.202 2.710
201906 2.361 256.143 3.078
201909 2.250 256.759 2.926
201912 2.552 256.974 3.316
202003 2.271 258.115 2.938
202006 2.164 257.797 2.803
202009 1.834 260.280 2.353
202012 2.230 260.474 2.859
202103 2.253 264.877 2.841
202106 2.434 271.696 2.992
202109 2.464 274.310 3.000
202112 3.350 278.802 4.013
202203 2.757 287.504 3.202
202206 3.218 296.311 3.627
202209 3.487 296.808 3.923
202212 3.610 296.797 4.062
202303 3.328 301.836 3.682
202306 3.486 305.109 3.816
202309 3.699 307.789 4.013
202312 3.713 306.746 4.042
202403 3.937 312.332 4.210
202406 4.734 314.175 5.032
202409 3.793 315.301 4.017
202412 5.325 315.605 5.635
202503 4.636 319.799 4.841
202506 4.953 322.561 5.128
202509 3.715 324.800 3.820
202512 4.937 324.054 5.088
202603 4.202 330.213 4.250
202606 4.762 333.952 4.762

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.

Is Mutual Trust Bank (DHA:MTB) Overvalued in 2026?

Based on GuruFocus' analysis, Mutual Trust Bank stock appears to be overvalued. The current stock price of BDT13.20 is trading 14.6% above its estimated GF Value™ of BDT11.52. GuruFocus considers Mutual Trust Bank to be Modestly Overvalued.

Key valuation signals for DHA:MTB:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: BDT11.52 vs. price of BDT13.20 (14.6% above fair value)
  • GF Score™: 88/100 with 6 warning signs

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


Mutual Trust Bank Business Description

Address 26 Gulshan Avenue, Gulshan 1, MTB Centre, Dhaka, BGD, 1212
Mutual Trust Bank PLC is a company that engages in the provision of various commercial banking and related services. Its products and services include savings and current accounts, and fixed deposits; personal, auto, home, home equity, and professional's loan products; overdraft facilities; credit cards; and locker services. The company's reportable segments include DBO (Domestic Banking Operation), OBU (Offshore Banking Unit), MTB Securities Limited, and MTB Capital Limited.
88GF Score

Get the complete analysis for DHA:MTB

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

BDT13.20
Price
BDT11.52
GF Value