RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Cyclically Adjusted PS Ratio: 1.61 (As of Aug. 12, 2026) — 124% Above 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:RAKCERAMIC RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
67 GF Score
Price BDT30.30
GF Value BDT26.76
Valuation Modestly Overvalued
! 8 Warning Signs
View Full Analysis

What is RAK Ceramics (Bangladesh) Cyclically Adjusted PS Ratio?

RAK Ceramics (Bangladesh) DHA:RAKCERAMIC +0.66% 67 Cyclically Adjusted PS Ratio is 1.61 as of Aug. 12, 2026, which is 124% above its 10-year median of 0.72. GuruFocus rates DHA:RAKCERAMIC with a GF Score™ of 67/100 and a GF Value™ of BDT26.76 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 1,375 Construction companies, RAK Ceramics (Bangladesh) ranks worse than 74.04% on this metric.

As of today (2026-08-12), RAK Ceramics (Bangladesh)'s current share price is BDT30.30. RAK Ceramics (Bangladesh)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT18.85. RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio for today is 1.61.

The historical rank and industry rank for RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio or its related term are showing as below:

DHA:RAKCERAMIC' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.31   Med: 0.72   Max: 1.67
Current: 1.61

During the past years, RAK Ceramics (Bangladesh)'s highest Cyclically Adjusted PS Ratio was 1.67. The lowest was 0.31. And the median was 0.72.

DHA:RAKCERAMIC's Cyclically Adjusted PS Ratio is ranked worse than
74.04% of 1375 companies
in the Construction industry
Industry Median: 0.7 vs DHA:RAKCERAMIC: 1.61

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.

RAK Ceramics (Bangladesh)'s adjusted revenue per share data for the three months ended in Mar. 2026 was BDT4.075. 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 BDT18.85 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


RAK Ceramics (Bangladesh)  (DHA:RAKCERAMIC) 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.


RAK Ceramics (Bangladesh) Cyclically Adjusted PS Ratio Related Terms


RAK Ceramics (Bangladesh) Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for RAK Ceramics (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.

RAK Ceramics (Bangladesh) Cyclically Adjusted PS Ratio Chart

RAK Ceramics (Bangladesh) 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 0.78 0.76 0.39 0.37

RAK Ceramics (Bangladesh) 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 0.38 0.32 0.42 0.37 1.17

DHA:RAKCERAMIC vs TT, JCI, CARR: Cyclically Adjusted PS Ratio Comparison

For the Building Products & Equipment subindustry, RAK Ceramics (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.


RAK Ceramics (Bangladesh) Cyclically Adjusted PS Ratio vs Construction Industry

For the Construction industry and Industrials sector, RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio falls into.


DHA:RAKCERAMIC
67GF Score
RAK Ceramics (Bangladesh) Ltd DHA:RAKCERAMIC
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

RAK Ceramics (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.

RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=30.30/18.85
=1.61

* 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.

RAK Ceramics (Bangladesh)'s Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 is calculated as:

For example, RAK Ceramics (Bangladesh)'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)
=4.075/330.2130*330.2130
=4.075

Current CPI (Mar. 2026) = 330.2130.

RAK Ceramics (Bangladesh) Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 3.221 241.018 4.413
201609 2.978 241.428 4.073
201612 3.963 241.432 5.420
201703 3.961 243.801 5.365
201706 3.905 244.955 5.264
201709 4.092 246.819 5.475
201712 4.656 246.524 6.237
201803 4.392 249.554 5.812
201806 3.722 251.989 4.877
201809 3.986 252.439 5.214
201812 3.102 251.233 4.077
201903 3.460 254.202 4.495
201906 3.415 256.143 4.403
201909 3.864 256.759 4.969
201912 4.427 256.974 5.689
202003 3.433 258.115 4.392
202006 1.175 257.797 1.505
202009 3.314 260.280 4.204
202012 4.385 260.474 5.559
202103 4.051 264.877 5.050
202106 3.619 271.696 4.398
202109 4.123 274.310 4.963
202112 4.692 278.802 5.557
202203 4.689 287.504 5.386
202206 4.219 296.311 4.702
202209 4.440 296.808 4.940
202212 4.127 296.797 4.592
202303 4.695 301.836 5.136
202306 4.204 305.109 4.550
202309 4.196 307.789 4.502
202312 5.182 306.746 5.578
202403 4.137 312.332 4.374
202406 2.979 314.175 3.131
202409 3.142 315.301 3.291
202412 4.999 315.605 5.230
202503 3.473 319.799 3.586
202506 3.792 322.561 3.882
202509 4.823 324.800 4.903
202512 5.161 324.054 5.259
202603 4.075 330.213 4.075

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 1.61 mean?
RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) has a Cyclically Adjusted PS Ratio of 1.61 as of Aug. 12, 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 RAK Ceramics (Bangladesh) and its competitors. This is 124% above median its historical median of 0.72. Over the past decade, RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio has ranged from 0.31 to 1.67. According to the industry distribution chart, RAK Ceramics (Bangladesh) ranks #1018 out of 1375 companies in the Construction industry, placing it in the top 74%.
Is RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio too high?
RAK Ceramics (Bangladesh)'s current Cyclically Adjusted PS Ratio of 1.61 is 124% above median its 10-year median of 0.72. Over the past 10 years, this metric has ranged from a low of 0.31 to a high of 1.67. The Construction industry median Cyclically Adjusted PS Ratio is 0.70. RAK Ceramics (Bangladesh)'s value of 1.61 is 130% above this industry median. Based on the distribution chart, RAK Ceramics (Bangladesh) ranks #1018 out of 1375 companies in the Construction industry, which is below the industry midpoint. Overall, RAK Ceramics (Bangladesh) has a GF Score™ of 67/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does RAK Ceramics (Bangladesh)'s Cyclically Adjusted PS Ratio compare to TT and JCI?
According to the Construction industry distribution chart, RAK Ceramics (Bangladesh) ranks #1018 out of 1375 companies for Cyclically Adjusted PS Ratio. This places RAK Ceramics (Bangladesh) in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 0.70. RAK Ceramics (Bangladesh)'s value of 1.61 is 130% above this benchmark. Historically, RAK Ceramics (Bangladesh)'s own Cyclically Adjusted PS Ratio has ranged from 0.31 to 1.67 over the past decade. While the company's 10-year median is 0.72 vs. the industry median of 0.70, RAK Ceramics (Bangladesh) has consistently been above 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 Construction company?
The median Cyclically Adjusted PS Ratio among Construction companies is 0.70, based on 1,375 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. RAK Ceramics (Bangladesh)'s current Cyclically Adjusted PS Ratio of 1.61 is 130% above 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 RAK Ceramics (Bangladesh) and its competitors. For the Construction industry, the median Cyclically Adjusted PS Ratio is 0.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. RAK Ceramics (Bangladesh)'s current Cyclically Adjusted PS Ratio is 1.61, which is 124% above median its own 10-year median of 0.72. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is RAK Ceramics (Bangladesh) stock overvalued right now?
Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT26.76, compared to a current price of BDT30.30 — trading 13.2% above its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.61, which is 124% above median its 10-year median of 0.72 and 130% above the Construction industry median of 0.70. RAK Ceramics (Bangladesh)'s overall GF Score™ is 67/100 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC), the current Cyclically Adjusted PS Ratio is 1.61 as of Aug. 12, 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 RAK Ceramics (Bangladesh) (DHA:RAKCERAMIC) Overvalued in 2026?

Based on GuruFocus' analysis, RAK Ceramics (Bangladesh) stock appears to be overvalued. The current stock price of BDT30.30 is trading 13.2% above its estimated GF Value™ of BDT26.76. GuruFocus considers RAK Ceramics (Bangladesh) to be Modestly Overvalued.

Key valuation signals for DHA:RAKCERAMIC:

  • Cyclically Adjusted PS Ratio: 1.61 (124% above median its 10-year median of 0.72)
  • GF Value™: BDT26.76 vs. price of BDT30.30 (13.2% above fair value)
  • GF Score™: 67/100 with 8 warning signs
  • Industry Position: 130% above the Construction median (#1018 of 1375)

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


RAK Ceramics (Bangladesh) Business Description

Address Plot 1/A Jasimuddin Avenue, RAK Tower, 7th, 8th & 9th Floors, Sector-3, Uttara Model Town, Dhaka, BGD, 1230
RAK Ceramics (Bangladesh) Ltd is a tile and sanitary ware brand in Bangladesh. The core business of RAK Ceramics is to manufacture and sell ceramics and gres porcellanato (porcelain/ fully vitrified) tiles, bathroom sets, and all types of sanitary ware. The operating segments of the group are Ceramic and sanitary ware, Power and Security, and services. Substantial revenue for the group is derived from the Ceramics and sanitary ware segment that engages in manufacturing and marketing of ceramic tiles, bathroom sets, and all types of sanitary ware.
67GF Score

Get the complete analysis for DHA:RAKCERAMIC

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

BDT30.30
Price
BDT26.76
GF Value