MCB Bank (KAR:MCB) Cyclically Adjusted FCF per Share: ₨176.47 (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.

KAR:MCB MCB Bank Ltd KAR:MCB
68 GF Score
Price ₨401.70
GF Value ₨234.28
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is MCB Bank Cyclically Adjusted FCF per Share?

MCB Bank KAR:MCB -0.70% 68 Cyclically Adjusted FCF per Share is ₨176.47 as of Mar. 2026. GuruFocus rates KAR:MCB with a GF Score™ of 68/100 and a GF Value™ of ₨234.28 (Significantly Overvalued). The stock has 8 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

MCB Bank's adjusted free cash flow per share for the three months ended in Mar. 2026 was ₨28.326. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is ₨176.47 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MCB Bank's average Cyclically Adjusted FCF Growth Rate was 6.30% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 24.30% 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 FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of MCB Bank was 24.30% per year. The lowest was 4.90% per year. And the median was 14.60% per year.

As of today (2026-07-17), MCB Bank's current stock price is ₨401.70. MCB Bank's Cyclically Adjusted FCF per Share for the quarter that ended in Mar. 2026 was ₨176.47. MCB Bank's Cyclically Adjusted Price-to-FCF of today is 2.28.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MCB Bank was 2.54. The lowest was 0.96. And the median was 1.59.


MCB Bank  (KAR:MCB) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF 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 Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

MCB Bank's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=401.70/176.47
=2.28

* 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 Price-to-FCF of MCB Bank was 2.54. The lowest was 0.96. And the median was 1.59.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


MCB Bank Cyclically Adjusted FCF per Share Related Terms


MCB Bank Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for MCB Bank's Cyclically Adjusted FCF 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.

MCB Bank Cyclically Adjusted FCF per Share Chart

MCB Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 99.15 92.14 124.42 114.35 176.80

MCB 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 FCF 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 166.01 183.55 178.94 176.80 176.47

MCB Bank Cyclically Adjusted FCF per Share Competitor Comparison

For the Banks - Regional subindustry, MCB Bank's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF 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.


MCB Bank Cyclically Adjusted Price-to-FCF vs Banks Industry

For the Banks industry and Financial Services sector, MCB Bank's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MCB Bank's Cyclically Adjusted Price-to-FCF falls into.


KAR:MCB
68GF Score
MCB Bank Ltd KAR:MCB
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MCB Bank Cyclically Adjusted FCF 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 FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

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

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow 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 FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF 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, MCB Bank's adjusted Free Cash Flow per Share data for the three months ended in Mar. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=28.326/330.2130*330.2130
=28.326

Current CPI (Mar. 2026) = 330.2130.

MCB Bank Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201606 -2.753 241.018 -3.772
201609 -71.901 241.428 -98.343
201612 46.565 241.432 63.688
201703 107.244 243.801 145.255
201706 82.151 244.955 110.744
201709 -117.452 246.819 -157.136
201712 41.872 246.524 56.087
201803 -44.321 249.554 -58.646
201806 100.116 251.989 131.195
201809 -186.871 252.439 -244.444
201812 232.773 251.233 305.950
201903 -235.982 254.202 -306.545
201906 328.692 256.143 423.741
201909 35.150 256.759 45.206
201912 -78.927 256.974 -101.422
202003 35.380 258.115 45.263
202006 113.985 257.797 146.004
202009 27.588 260.280 35.000
202012 68.252 260.474 86.526
202103 63.909 264.877 79.673
202106 -24.108 271.696 -29.300
202109 110.796 274.310 133.376
202112 -54.309 278.802 -64.324
202203 108.461 287.504 124.573
202206 -102.999 296.311 -114.783
202209 91.615 296.808 101.926
202212 -128.429 296.797 -142.889
202303 42.802 301.836 46.826
202306 227.786 305.109 246.528
202309 88.570 307.789 95.023
202312 8.208 306.746 8.836
202403 46.701 312.332 49.375
202406 219.761 314.175 230.979
202409 -16.567 315.301 -17.351
202412 -329.784 315.605 -345.048
202503 587.857 319.799 607.000
202506 236.460 322.561 242.069
202509 -96.178 324.800 -97.781
202512 -41.859 324.054 -42.655
202603 28.326 330.213 28.326

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of ₨176.47 mean?
MCB Bank (KAR:MCB) has a Cyclically Adjusted FCF per Share of ₨176.47 as of Mar. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MCB Bank and its competitors.
Is MCB Bank's Cyclically Adjusted FCF per Share too high?
MCB Bank's current Cyclically Adjusted FCF per Share is ₨176.47. Overall, MCB Bank has a GF Score™ of 68/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does MCB Bank's Cyclically Adjusted FCF per Share compare to competitors?
MCB Bank's Cyclically Adjusted FCF per Share of ₨176.47 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 FCF per Share for a Banks company?
A good Cyclically Adjusted FCF per Share depends on the Banks industry context. However, Cyclically Adjusted FCF 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 FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MCB Bank and its competitors. MCB Bank's current Cyclically Adjusted FCF per Share is ₨176.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MCB Bank stock overvalued right now?
Based on GuruFocus' analysis, MCB Bank (KAR:MCB) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨234.28, compared to a current price of ₨401.70 — trading 71.5% above its estimated fair value. The current Cyclically Adjusted FCF per Share is ₨176.47. MCB Bank's overall GF Score™ is 68/100 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 FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For MCB Bank (KAR:MCB), the current Cyclically Adjusted FCF per Share is ₨176.47 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 MCB Bank (KAR:MCB) Overvalued in 2026?

Based on GuruFocus' analysis, MCB Bank stock appears to be overvalued. The current stock price of ₨401.70 is trading 71.5% above its estimated GF Value™ of ₨234.28. GuruFocus considers MCB Bank to be Significantly Overvalued.

Key valuation signals for KAR:MCB:

  • Cyclically Adjusted FCF per Share: ₨176.47
  • GF Value™: ₨234.28 vs. price of ₨401.70 (71.5% above fair value)
  • GF Score™: 68/100 with 8 warning signs

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


MCB Bank Business Description

Address 15-Main Gulberg, Jail Road, MCB House, Gulburg, Lahore, PB, PAK
MCB Bank Ltd is a commercial banking company operating in Pakistan. The bank provides services through its segments such as Retail Banking, Corporate Banking, Treasury, International banking and others. The majority of the bank's revenues are generated from the Retail banking segment, which includes retail lending and deposits, banking services, cards, and branchless banking. Retail banking offers services such as retail and private lending & deposits and other banking services offered to individual customers and small and medium-term companies. MCB Bank derives majority of its business from its domestic operations. It also has branches across South Asia and the Middle East.
68GF Score

Get the complete analysis for KAR:MCB

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

₨401.70
Price
₨234.28
GF Value