First Security Islami Bank (DHA:FIRSTSBANK) Cyclically Adjusted Revenue per Share: BDT11.39 (As of Jun. 2025)

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:FIRSTSBANK First Security Islami Bank PLC DHA:FIRSTSBANK
58 GF Score
Price BDT8.20
View Full Analysis

What is First Security Islami Bank Cyclically Adjusted Revenue per Share?

First Security Islami Bank DHA:FIRSTSBANK 58 Cyclically Adjusted Revenue per Share is BDT11.39 as of Jun. 2025. GuruFocus rates DHA:FIRSTSBANK with a GF Score™ of 58/100.

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.

First Security Islami Bank's adjusted revenue per share data for the fiscal year that ended in Dec. 2024 was BDT5.939. 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 BDT11.39 for the trailing ten years ended in Dec. 2024.

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.

As of today (2026-07-26), First Security Islami Bank's current stock price is BDT 8.20. First Security Islami Bank's Cyclically Adjusted Revenue per Share for the fiscal year that ended in Dec. 2024 was BDT11.39. First Security Islami Bank's Cyclically Adjusted PS Ratio of today is 0.72.


First Security Islami Bank  (DHA:FIRSTSBANK) 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.

First Security Islami Bank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=8.20/11.39
=0.72

* 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.


Be Aware

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


First Security Islami Bank Cyclically Adjusted Revenue per Share Related Terms


First Security Islami Bank Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for First Security Islami Bank'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.

First Security Islami Bank Cyclically Adjusted Revenue per Share Chart

First Security Islami Bank Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 11.05 11.39

First Security Islami Bank Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 0.00 0.00 11.39 0.00 0.00

First Security Islami Bank Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, First Security Islami 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.


First Security Islami Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:FIRSTSBANK
58GF Score
First Security Islami Bank PLC DHA:FIRSTSBANK
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

First Security Islami Bank 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, First Security Islami Bank's adjusted Revenue per Share data for the fiscal year that ended in Dec. 2024 was:

Adj_RevenuePerShare=Revenue per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=5.939/315.6050*315.6050
=5.939

Current CPI (Dec. 2024) = 315.6050.

First Security Islami Bank Annual Data

Revenue per Share CPI Adj_RevenuePerShare
201512 5.146 236.525 6.867
201612 6.811 241.432 8.903
201712 8.189 246.524 10.484
201812 9.169 251.233 11.518
201912 10.132 256.974 12.444
202012 11.164 260.474 13.527
202112 12.546 278.802 14.202
202212 13.928 296.797 14.811
202312 14.744 306.746 15.170
202412 5.939 315.605 5.939

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 BDT11.39 mean?
First Security Islami Bank (DHA:FIRSTSBANK) has a Cyclically Adjusted Revenue per Share of BDT11.39 as of Jun. 2025. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on First Security Islami Bank and its competitors.
Is First Security Islami Bank's Cyclically Adjusted Revenue per Share too high?
First Security Islami Bank's current Cyclically Adjusted Revenue per Share is BDT11.39. Overall, First Security Islami Bank has a GF Score™ of 58/100, reflecting its overall financial health beyond just this single metric.
How does First Security Islami Bank's Cyclically Adjusted Revenue per Share compare to competitors?
First Security Islami Bank's Cyclically Adjusted Revenue per Share of BDT11.39 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 First Security Islami Bank and its competitors. First Security Islami Bank's current Cyclically Adjusted Revenue per Share is BDT11.39. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Security Islami Bank stock overvalued right now?
First Security Islami Bank (DHA:FIRSTSBANK) has a current Cyclically Adjusted Revenue per Share of BDT11.39. The current Cyclically Adjusted Revenue per Share is BDT11.39. First Security Islami Bank's overall GF Score™ is 58/100. 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 First Security Islami Bank (DHA:FIRSTSBANK), the current Cyclically Adjusted Revenue per Share is BDT11.39 as of Jun. 2025. 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.

First Security Islami Bank Business Description

Address Rangs RD Center, Block: SE (F), Plot:03, Gulshan Avenue, Gulshan - 1, Dhaka, BGD, 1212
First Security Islami Bank PLC is a commercial bank. The bank's activities include accepting deposits, making loans, discounting bills, conducting money transfers and foreign exchange transactions, and performing other services. The company mainly focuses on deposit mobilization and investing activities comprising short-term, long-term, import, and export financing. The company invests in rural and agriculture, garments, jute, cement and bricks, tannery, steel and engineering, food and beverage, chemical and pharmaceuticals, printing and packaging, glass, and ceramics.
58GF Score

Get the complete analysis for DHA:FIRSTSBANK

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

BDT8.20
Price