Western Marine Shipyard (DHA:WMSHIPYARD) Cyclically Adjusted PS Ratio: 0.99 (As of Jul. 29, 2026) — 21% 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:WMSHIPYARD Western Marine Shipyard Ltd DHA:WMSHIPYARD
76 GF Score
Price BDT10.10
GF Value BDT13.06
Valuation Modestly Undervalued
! 8 Warning Signs
View Full Analysis

What is Western Marine Shipyard Cyclically Adjusted PS Ratio?

Western Marine Shipyard DHA:WMSHIPYARD -1.94% 76 Cyclically Adjusted PS Ratio is 0.99 as of Jul. 29, 2026, which is 21% above its 10-year median of 0.82. GuruFocus rates DHA:WMSHIPYARD with a GF Score™ of 76/100 and a GF Value™ of BDT13.06 (Modestly Undervalued). The stock has 8 warning signs investors should review. Among 224 Aerospace & Defense companies, Western Marine Shipyard ranks better than 79.91% on this metric.

As of today (2026-07-29), Western Marine Shipyard's current share price is BDT10.10. Western Marine Shipyard's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 was BDT10.25. Western Marine Shipyard's Cyclically Adjusted PS Ratio for today is 0.99.

The historical rank and industry rank for Western Marine Shipyard's Cyclically Adjusted PS Ratio or its related term are showing as below:

DHA:WMSHIPYARD' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 0.56   Med: 0.82   Max: 1.01
Current: 0.96

During the past 11 years, Western Marine Shipyard's highest Cyclically Adjusted PS Ratio was 1.01. The lowest was 0.56. And the median was 0.82.

DHA:WMSHIPYARD's Cyclically Adjusted PS Ratio is ranked better than
79.91% of 224 companies
in the Aerospace & Defense industry
Industry Median: 3.08 vs DHA:WMSHIPYARD: 0.96

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.

Western Marine Shipyard's adjusted revenue per share data of for the fiscal year that ended in Jun25 was BDT3.897. 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 BDT10.25 for the trailing ten years ended in Jun25.

Shiller PE for Stocks: The True Measure of Stock Valuation


Western Marine Shipyard  (DHA:WMSHIPYARD) 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.


Western Marine Shipyard Cyclically Adjusted PS Ratio Related Terms


Western Marine Shipyard Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Western Marine Shipyard'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.

Western Marine Shipyard Cyclically Adjusted PS Ratio Chart

Western Marine Shipyard Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.83 0.80

Western Marine Shipyard Semi-Annual Data
Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Cyclically Adjusted PS Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.83 0.80

DHA:WMSHIPYARD vs SPCX, GE, RTX: Cyclically Adjusted PS Ratio Comparison

For the Aerospace & Defense subindustry, Western Marine Shipyard'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.


Western Marine Shipyard Cyclically Adjusted PS Ratio vs Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, Western Marine Shipyard's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Western Marine Shipyard's Cyclically Adjusted PS Ratio falls into.


DHA:WMSHIPYARD
76GF Score
Western Marine Shipyard Ltd DHA:WMSHIPYARD
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Western Marine Shipyard 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.

Western Marine Shipyard's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=10.10/10.25
=0.99

* 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.

Western Marine Shipyard's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Jun25 is calculated as:

For example, Western Marine Shipyard's adjusted Revenue per Share data for the fiscal year that ended in Jun25 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun25 (Change)*Current CPI (Jun25)
=3.897/322.5610*322.5610
=3.897

Current CPI (Jun25) = 322.5610.

Western Marine Shipyard Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201606 12.082 241.018 16.170
201706 14.183 244.955 18.676
201806 12.858 251.989 16.459
201906 15.303 256.143 19.271
202006 9.938 257.797 12.435
202106 3.568 271.696 4.236
202206 3.435 296.311 3.739
202306 3.447 305.109 3.644
202406 3.912 314.175 4.016
202506 3.897 322.561 3.897

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 0.99 mean?
Western Marine Shipyard (DHA:WMSHIPYARD) has a Cyclically Adjusted PS Ratio of 0.99 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 Western Marine Shipyard and its competitors. This is 21% above median its historical median of 0.82. Over the past decade, Western Marine Shipyard's Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.01. According to the industry distribution chart, Western Marine Shipyard ranks #45 out of 224 companies in the Aerospace & Defense industry, placing it in the top 20.1%.
Is Western Marine Shipyard's Cyclically Adjusted PS Ratio too high?
Western Marine Shipyard's current Cyclically Adjusted PS Ratio of 0.99 is 21% above median its 10-year median of 0.82. Over the past 10 years, this metric has ranged from a low of 0.56 to a high of 1.01. The Aerospace & Defense industry median Cyclically Adjusted PS Ratio is 3.08. Western Marine Shipyard's value of 0.99 is 67.9% below this industry median. Based on the distribution chart, Western Marine Shipyard ranks #45 out of 224 companies in the Aerospace & Defense industry, which is in the top quartile — a strong position relative to peers. Overall, Western Marine Shipyard has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Western Marine Shipyard's Cyclically Adjusted PS Ratio compare to SPCX and GE?
According to the Aerospace & Defense industry distribution chart, Western Marine Shipyard ranks #45 out of 224 companies for Cyclically Adjusted PS Ratio. This places Western Marine Shipyard in the top 20% of its industry — outperforming the majority of peers. The industry median Cyclically Adjusted PS Ratio is 3.08. Western Marine Shipyard's value of 0.99 is 67.9% below this benchmark. Historically, Western Marine Shipyard's own Cyclically Adjusted PS Ratio has ranged from 0.56 to 1.01 over the past decade. While the company's 10-year median is 0.82 vs. the industry median of 3.08, Western Marine Shipyard has consistently been below 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 an Aerospace & Defense company?
The median Cyclically Adjusted PS Ratio among Aerospace & Defense companies is 3.08, based on 224 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. Western Marine Shipyard's current Cyclically Adjusted PS Ratio of 0.99 is 67.9% 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 Western Marine Shipyard and its competitors. For the Aerospace & Defense industry, the median Cyclically Adjusted PS Ratio is 3.08 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Western Marine Shipyard's current Cyclically Adjusted PS Ratio is 0.99, which is 21% above median its own 10-year median of 0.82. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Western Marine Shipyard stock overvalued right now?
Based on GuruFocus' analysis, Western Marine Shipyard (DHA:WMSHIPYARD) is currently considered Modestly Undervalued. The stock's GF Value™ is BDT13.06, compared to a current price of BDT10.10 — trading 22.7% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 0.99, which is 21% above median its 10-year median of 0.82 and 67.9% below the Aerospace & Defense industry median of 3.08. Western Marine Shipyard's overall GF Score™ is 76/100 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 Western Marine Shipyard (DHA:WMSHIPYARD), the current Cyclically Adjusted PS Ratio is 0.99 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.

Is Western Marine Shipyard (DHA:WMSHIPYARD) Overvalued in 2026?

Based on GuruFocus' analysis, Western Marine Shipyard stock appears to be undervalued. The current stock price of BDT10.10 is trading 22.7% below its estimated GF Value™ of BDT13.06. GuruFocus considers Western Marine Shipyard to be Modestly Undervalued.

Key valuation signals for DHA:WMSHIPYARD:

  • Cyclically Adjusted PS Ratio: 0.99 (21% above median its 10-year median of 0.82)
  • GF Value™: BDT13.06 vs. price of BDT10.10 (22.7% below fair value)
  • GF Score™: 76/100 with 8 warning signs
  • Industry Position: 67.9% below the Aerospace & Defense median (#45 of 224)

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


Western Marine Shipyard Business Description

Address 1140/A-8 Strand Road, Amin Future Park, 7th Floor, Chattogram, BGD
Western Marine Shipyard Ltd is a public limited company engaged in shipbuilding and related marine engineering activities and operates as an export-oriented shipyard in Bangladesh. The Company specializes in the construction of various vessels, including multi-purpose cargo ships, inland container vessels, inland tankers, passenger ships, Ro-Ro ferries, port utility vessels, tugs, offshore petroleum vessels, fishing trawlers, barges, dredgers, and landing crafts. Its activities mainly comprise new shipbuilding for domestic use and for export markets, supported by in-house ship design facilities and shipyard operations. The Company operates in Bangladesh and has exported vessels to countries such as Germany, Norway, Ecuador, New Zealand, and Kenya, as well as serving domestic clients.
76GF Score

Get the complete analysis for DHA:WMSHIPYARD

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

BDT10.10
Price
BDT13.06
GF Value