Bank Asia (DHA:BANKASIA) Cyclically Adjusted Revenue per Share: BDT15.32 (As of Mar. 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:BANKASIA Bank Asia PLC DHA:BANKASIA
81 GF Score
Price BDT18.60
GF Value BDT18.83
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Bank Asia Cyclically Adjusted Revenue per Share?

Bank Asia DHA:BANKASIA +1.64% 81 Cyclically Adjusted Revenue per Share is BDT15.32 as of Mar. 2026. GuruFocus rates DHA:BANKASIA with a GF Score™ of 81/100 and a GF Value™ of BDT18.83 (Fairly Valued). The stock has 5 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

Bank Asia's adjusted revenue per share for the three months ended in Mar. 2026 was BDT4.054. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is BDT15.32 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Bank Asia's average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Bank Asia was 9.90% per year. The lowest was 9.90% per year. And the median was 9.90% per year.

As of today (2026-07-21), Bank Asia's current stock price is BDT18.60. Bank Asia's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT15.32. Bank Asia's Cyclically Adjusted PS Ratio of today is 1.21.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Bank Asia was 1.54. The lowest was 0.98. And the median was 1.22.


Bank Asia  (DHA:BANKASIA) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

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.

Bank Asia's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=18.60/15.32
=1.21

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Bank Asia was 1.54. The lowest was 0.98. And the median was 1.22.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


Bank Asia Cyclically Adjusted Revenue per Share Related Terms


Bank Asia Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Bank Asia's Cyclically Adjusted Revenue per Share 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.

Bank Asia Cyclically Adjusted Revenue per Share Chart

Bank Asia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 11.20 12.23 13.58 14.87

Bank Asia Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cyclically Adjusted Revenue per Share 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 13.97 14.28 14.55 14.87 15.32

Bank Asia Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, Bank Asia'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.


Bank Asia Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:BANKASIA
81GF Score
Bank Asia PLC DHA:BANKASIA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank Asia Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and 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.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Bank Asia'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)
=4.054/330.2130*330.2130
=4.054

Current CPI (Mar. 2026) = 330.2130.

Bank Asia Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.213 241.018 3.032
201609 1.744 241.428 2.385
201612 2.252 241.432 3.080
201703 1.903 243.801 2.577
201706 2.298 244.955 3.098
201709 2.258 246.819 3.021
201712 2.389 246.524 3.200
201803 2.289 249.554 3.029
201806 2.799 251.989 3.668
201809 2.484 252.439 3.249
201812 2.702 251.233 3.551
201903 2.685 254.202 3.488
201906 2.991 256.143 3.856
201909 2.942 256.759 3.784
201912 3.083 256.974 3.962
202003 2.773 258.115 3.548
202006 2.235 257.797 2.863
202009 2.573 260.280 3.264
202012 1.747 260.474 2.215
202103 2.864 264.877 3.570
202106 3.300 271.696 4.011
202109 3.067 274.310 3.692
202112 3.117 278.802 3.692
202203 3.251 287.504 3.734
202206 3.746 296.311 4.175
202209 3.390 296.808 3.772
202212 4.441 296.797 4.941
202303 3.414 301.836 3.735
202306 3.994 305.109 4.323
202309 3.718 307.789 3.989
202312 4.243 306.746 4.568
202403 4.476 312.332 4.732
202406 4.801 314.175 5.046
202409 4.664 315.301 4.885
202412 5.324 315.605 5.570
202503 4.104 319.799 4.238
202506 4.325 322.561 4.428
202509 4.709 324.800 4.787
202512 6.304 324.054 6.424
202603 4.054 330.213 4.054

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.

What does a Cyclically Adjusted Revenue per Share of BDT15.32 mean?
Bank Asia (DHA:BANKASIA) has a Cyclically Adjusted Revenue per Share of BDT15.32 as of Mar. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bank Asia and its competitors.
Is Bank Asia's Cyclically Adjusted Revenue per Share too high?
Bank Asia's current Cyclically Adjusted Revenue per Share is BDT15.32. Overall, Bank Asia has a GF Score™ of 81/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Bank Asia's Cyclically Adjusted Revenue per Share compare to competitors?
Bank Asia's Cyclically Adjusted Revenue per Share of BDT15.32 can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted Revenue per Share for a Banks company?
A good Cyclically Adjusted Revenue per Share depends on the Banks industry context. However, Cyclically Adjusted Revenue per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted Revenue per Share mean?
A high Cyclically Adjusted Revenue per Share can signal that a stock is expensive relative to its fundamentals. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on Bank Asia and its competitors. Bank Asia's current Cyclically Adjusted Revenue per Share is BDT15.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank Asia stock overvalued right now?
Based on GuruFocus' analysis, Bank Asia (DHA:BANKASIA) is currently considered Fairly Valued. The stock's GF Value™ is BDT18.83, compared to a current price of BDT18.60 — trading 1.2% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is BDT15.32. Bank Asia's overall GF Score™ is 81/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Bank Asia (DHA:BANKASIA), the current Cyclically Adjusted Revenue per Share is BDT15.32 as of Mar. 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 Bank Asia (DHA:BANKASIA) Overvalued in 2026?

Based on GuruFocus' analysis, Bank Asia stock appears to be undervalued. The current stock price of BDT18.60 is trading 1.2% below its estimated GF Value™ of BDT18.83. GuruFocus considers Bank Asia to be Fairly Valued.

Key valuation signals for DHA:BANKASIA:

  • Cyclically Adjusted Revenue per Share: BDT15.32
  • GF Value™: BDT18.83 vs. price of BDT18.60 (1.2% below fair value)
  • GF Score™: 81/100 with 5 warning signs

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


Bank Asia Business Description

Address 32 & 34 Kazi Nazrul Islam Avenue, Bank Asia Tower, Karwan Bazar, Dhaka, BGD, 1215
Bank Asia PLC is a Bangladesh-based Bank. The bank offers a range of banking products and services, including mobile banking, ATM services, credit card facilities, internet banking, foreign currency accounts, and additional services. Its principal activities include providing a range of conventional and Islamic commercial banking services to its customers through its branches, Islamic windows, SME centers, and alternative delivery channels. The Bank's operating segments are comprised of Conventional Banking, Islamic Banking, Off-shore Banking, Bank Asia Securities Limited, BA Exchange Company (UK) Limited, and BA Express USA Inc., of which the maximum revenue is generated from its Conventional Banking segment. Geographically, it derives maximum revenue from operations in Bangladesh.
81GF Score

Get the complete analysis for DHA:BANKASIA

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

BDT18.60
Price
BDT18.83
GF Value