  We determine $|V_{cb}|$ from the inclusive semileptonic decay width of the
$B$ meson with the known N$^3$LO perturbative coefficients for the first time
in the $\overline{\mathrm{MS}}$ mass scheme. We make use of a recently
developed method, dual-space-renormalon-subtraction (DSRS) method, to separate
and subtract the order $\Lambda_{\rm QCD}^2/m_b$ infrared renormalon. This
allows us to perform the analysis accurately in the $\overline{\mathrm{MS}}$
mass scheme, in which otherwise the perturbative series does not converge well
up to the currently calculated perturbation order. Our result reads
$|V_{cb}|=0.0415\,(^{+10}_{-12})$, which is consistent with the previous
results based on other mass schemes and showing an independent cross check of
the current theoretical evaluation of the inclusive decay width.
