Trust Bank (DHA:TRUSTBANK) Cyclically Adjusted PS Ratio: (As of Aug. 06, 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:TRUSTBANK Trust Bank PLC DHA:TRUSTBANK
68 GF Score
Price BDT15.50
GF Value BDT21.88
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Trust Bank Cyclically Adjusted PS Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Trust Bank  (DHA:TRUSTBANK) 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.


Trust Bank Cyclically Adjusted PS Ratio Related Terms


Trust Bank Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for 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.

Trust Bank Cyclically Adjusted PS Ratio Chart

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 1.04

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 0.00 1.08 1.04 1.02 0.00

Trust Bank Cyclically Adjusted PS Ratio Competitor Comparison

For the Banks - Regional subindustry, 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.


Trust Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:TRUSTBANK
68GF Score
Trust Bank PLC DHA:TRUSTBANK
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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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.

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

For example, 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)
=5.413/333.9520*333.9520
=5.413

Current CPI (Jun. 2026) = 333.9520.

Trust Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 1.908 241.428 2.639
201612 2.189 241.432 3.028
201703 2.051 243.801 2.809
201706 2.426 244.955 3.307
201709 2.520 246.819 3.410
201712 2.425 246.524 3.285
201803 2.310 249.554 3.091
201806 2.279 251.989 3.020
201809 2.514 252.439 3.326
201812 2.698 251.233 3.586
201903 2.612 254.202 3.431
201906 2.718 256.143 3.544
201909 2.603 256.759 3.386
201912 2.760 256.974 3.587
202003 2.917 258.115 3.774
202006 2.561 257.797 3.318
202009 3.083 260.280 3.956
202012 2.699 260.474 3.460
202103 3.269 264.877 4.121
202106 3.457 271.696 4.249
202109 3.584 274.310 4.363
202112 4.428 278.802 5.304
202203 3.994 287.504 4.639
202206 4.829 296.311 5.442
202209 4.038 296.808 4.543
202212 3.420 296.797 3.848
202303 3.537 301.836 3.913
202306 4.534 305.109 4.963
202309 4.402 307.789 4.776
202312 4.946 306.746 5.385
202403 4.755 312.332 5.084
202406 4.908 314.175 5.217
202409 4.986 315.301 5.281
202412 5.036 315.605 5.329
202503 5.158 319.799 5.386
202506 6.504 322.561 6.734
202509 4.906 324.800 5.044
202512 4.287 324.054 4.418
202603 4.789 330.213 4.843
202606 5.413 333.952 5.413

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 Trust Bank (DHA:TRUSTBANK) Overvalued in 2026?

Based on GuruFocus' analysis, Trust Bank stock appears to be undervalued. The current stock price of BDT15.50 is trading 29.2% below its estimated GF Value™ of BDT21.88. GuruFocus considers Trust Bank to be Modestly Undervalued.

Key valuation signals for DHA:TRUSTBANK:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: BDT21.88 vs. price of BDT15.50 (29.2% below fair value)
  • GF Score™: 68/100 with 1 warning sign

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


Trust Bank Business Description

Address Shadhinata Tower, Bir Srestha Shaheed Jahangir Gate, Dhaka Cantonment, Dhaka, BGD, 1206
Trust Bank PLC is a full-service commercial bank. The Bank offers a wide range of banking products and services, such as Retail banking, SME banking, Islamic banking, corporate banking, and international banking, among others. The bank provides a range of banking services that include deposit banking, loans & advances, export-import financing, and national & international remittance facilities, issuing debit and credit cards, SMS banking, internet banking, call center, dealing in government securities, etc.
68GF Score

Get the complete analysis for DHA:TRUSTBANK

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

BDT15.50
Price
BDT21.88
GF Value