United Commercial Bank (DHA:UCB) Cyclically Adjusted Revenue per Share: BDT17.93 (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:UCB United Commercial Bank PLC DHA:UCB
71 GF Score
Price BDT9.90
GF Value BDT9.99
Valuation Fairly Valued
! 2 Warning Signs
View Full Analysis

What is United Commercial Bank Cyclically Adjusted Revenue per Share?

United Commercial Bank DHA:UCB +1.02% 71 Cyclically Adjusted Revenue per Share is BDT17.93 as of Mar. 2026. GuruFocus rates DHA:UCB with a GF Score™ of 71/100 and a GF Value™ of BDT9.99 (Fairly Valued). The stock has 2 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.

United Commercial Bank's adjusted revenue per share for the three months ended in Mar. 2026 was BDT5.078. 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 BDT17.93 for the trailing ten years ended in Mar. 2026.

During the past 12 months, United Commercial Bank's average Cyclically Adjusted Revenue Growth Rate was 8.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.30% 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 United Commercial Bank was 11.70% per year. The lowest was 9.30% per year. And the median was 10.50% per year.

As of today (2026-07-29), United Commercial Bank's current stock price is BDT9.90. United Commercial Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT17.93. United Commercial Bank's Cyclically Adjusted PS Ratio of today is 0.55.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of United Commercial Bank was 1.32. The lowest was 0.49. And the median was 0.78.


United Commercial Bank  (DHA:UCB) 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=9.90/17.93
=0.55

* 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 United Commercial Bank was 1.32. The lowest was 0.49. And the median was 0.78.


Be Aware

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


United Commercial Bank Cyclically Adjusted Revenue per Share Related Terms


United Commercial Bank Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for United Commercial 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.

United Commercial Bank Cyclically Adjusted Revenue per Share Chart

United Commercial Bank 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 11.61 13.34 14.66 16.17 17.42

United Commercial Bank 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 16.59 17.00 17.56 17.42 17.93

United Commercial Bank Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, United Commercial 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.


United Commercial Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:UCB
71GF Score
United Commercial Bank PLC DHA:UCB
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

United Commercial 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, United Commercial Bank'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)
=5.078/330.2130*330.2130
=5.078

Current CPI (Mar. 2026) = 330.2130.

United Commercial Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.636 241.018 3.612
201609 2.528 241.428 3.458
201612 2.448 241.432 3.348
201703 2.361 243.801 3.198
201706 2.683 244.955 3.617
201709 2.857 246.819 3.822
201712 2.964 246.524 3.970
201803 2.960 249.554 3.917
201806 3.223 251.989 4.224
201809 2.724 252.439 3.563
201812 2.287 251.233 3.006
201903 2.875 254.202 3.735
201906 3.053 256.143 3.936
201909 3.193 256.759 4.106
201912 2.703 256.974 3.473
202003 3.155 258.115 4.036
202006 2.428 257.797 3.110
202009 3.437 260.280 4.360
202012 3.685 260.474 4.672
202103 3.573 264.877 4.454
202106 4.347 271.696 5.283
202109 3.960 274.310 4.767
202112 3.139 278.802 3.718
202203 4.081 287.504 4.687
202206 4.496 296.311 5.010
202209 4.688 296.808 5.216
202212 4.097 296.797 4.558
202303 4.277 301.836 4.679
202306 4.234 305.109 4.582
202309 5.285 307.789 5.670
202312 4.730 306.746 5.092
202403 5.319 312.332 5.624
202406 6.395 314.175 6.721
202409 7.749 315.301 8.115
202412 3.431 315.605 3.590
202503 5.218 319.799 5.388
202506 6.209 322.561 6.356
202509 7.380 324.800 7.503
202512 2.050 324.054 2.089
202603 5.078 330.213 5.078

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 BDT17.93 mean?
United Commercial Bank (DHA:UCB) has a Cyclically Adjusted Revenue per Share of BDT17.93 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 United Commercial Bank and its competitors.
Is United Commercial Bank's Cyclically Adjusted Revenue per Share too high?
United Commercial Bank's current Cyclically Adjusted Revenue per Share is BDT17.93. Overall, United Commercial Bank has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does United Commercial Bank's Cyclically Adjusted Revenue per Share compare to competitors?
United Commercial Bank's Cyclically Adjusted Revenue per Share of BDT17.93 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 United Commercial Bank and its competitors. United Commercial Bank's current Cyclically Adjusted Revenue per Share is BDT17.93. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is United Commercial Bank stock overvalued right now?
Based on GuruFocus' analysis, United Commercial Bank (DHA:UCB) is currently considered Fairly Valued. The stock's GF Value™ is BDT9.99, compared to a current price of BDT9.90 — trading 0.9% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is BDT17.93. United Commercial Bank's overall GF Score™ is 71/100 with 2 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 United Commercial Bank (DHA:UCB), the current Cyclically Adjusted Revenue per Share is BDT17.93 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 United Commercial Bank (DHA:UCB) Overvalued in 2026?

Based on GuruFocus' analysis, United Commercial Bank stock appears to be undervalued. The current stock price of BDT9.90 is trading 0.9% below its estimated GF Value™ of BDT9.99. GuruFocus considers United Commercial Bank to be Fairly Valued.

Key valuation signals for DHA:UCB:

  • Cyclically Adjusted Revenue per Share: BDT17.93
  • GF Value™: BDT9.99 vs. price of BDT9.90 (0.9% below fair value)
  • GF Score™: 71/100 with 2 warning signs

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


United Commercial Bank Business Description

Address Road No. - 34, Gulshan Avenue, Plot - CWS- (A)-1, Bulus Center, Dhaka, BGD, 1212
United Commercial Bank PLC is a commercial bank. The company through its delivery channels and subsidiaries offers a wide range of banking products and services to corporate, SME, and retail customers. Its products and services include deposit products like current deposits, fixed deposits, and UCB Multi-Millionaires. Loan products such as trade finance, import finance, loan syndication, and pacing credit. It also provides other services such as Western Union Money Transfer, online services internet banking. The reportable segments of the company are Corporate Banking, SME Banking, Consumer Banking, Treasury, Investment Banking, Offshore Banking, Card and Alternate Delivery Channel, Mobile Financial Services, and Agent Banking.
71GF Score

Get the complete analysis for DHA:UCB

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

BDT9.90
Price
BDT9.99
GF Value