BMO (Bank of Montreal) Cyclically Adjusted Revenue per Share: $ (As of Jul. 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.

BMO Bank of Montreal BMO
69 GF Score
Price $177.04
GF Value $123.97
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Bank of Montreal Cyclically Adjusted Revenue per Share?

Bank of Montreal BMO +1.46% 69 Cyclically Adjusted Revenue per Share is $ as of Jul. 2026. GuruFocus rates BMO with a GF Score™ of 69/100 and a GF Value™ of $123.97 (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 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 of Montreal's adjusted revenue per share for the three months ended in Jul. 2026 was $9.961. 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 $ for the trailing ten years ended in Jul. 2026.

During the past 12 months, Bank of Montreal's average Cyclically Adjusted Revenue Growth Rate was 5.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 6.70% 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 of Montreal was 8.20% per year. The lowest was 3.00% per year. And the median was 4.60% per year.

As of today (2026-09-21), Bank of Montreal's current stock price is $177.035. Bank of Montreal's Cyclically Adjusted Revenue per Share for the quarter that ended in Jul. 2026 was $. Bank of Montreal's Cyclically Adjusted PS Ratio of today is .

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Bank of Montreal was 5.43. The lowest was 1.96. And the median was 3.34.


Bank of Montreal  (NYSE:BMO) 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Bank of Montreal was 5.43. The lowest was 1.96. And the median was 3.34.


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 of Montreal Cyclically Adjusted Revenue per Share Related Terms


Bank of Montreal Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Bank of Montreal'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 of Montreal Cyclically Adjusted Revenue per Share Chart

Bank of Montreal Annual Data
Trend Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23 Oct24 Oct25
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only - - - - -

Bank of Montreal Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
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 - - - - -

BMO vs JPM, BAC, WFC: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Diversified subindustry, Bank of Montreal'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 of Montreal Cyclically Adjusted PS Ratio vs Banks Industry

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

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


BMO
69GF Score
Bank of Montreal BMO
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Bank of Montreal 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 of Montreal's adjusted Revenue per Share data for the three months ended in Jul. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=9.961/134.2375*134.2375
=9.961

Current CPI (Jul. 2026) = 134.2375.

Bank of Montreal Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201610 6.099 102.002 8.026
201701 5.956 102.318 7.814
201704 6.558 103.029 8.545
201707 6.254 103.029 8.148
201710 6.929 103.424 8.993
201801 6.802 104.056 8.775
201804 6.657 105.320 8.485
201807 6.815 106.110 8.622
201810 6.954 105.952 8.810
201901 7.569 105.557 9.626
201904 7.167 107.453 8.953
201907 7.742 108.243 9.601
201910 7.101 107.927 8.832
202001 7.912 108.085 9.826
202004 5.913 107.216 7.403
202007 8.113 108.401 10.047
202010 6.898 108.638 8.523
202101 8.265 109.192 10.161
202104 7.845 110.851 9.500
202107 9.343 112.431 11.155
202110 7.918 113.695 9.349
202201 9.268 114.801 10.837
202204 11.013 118.357 12.491
202207 6.857 120.964 7.609
202210 11.601 121.517 12.815
202301 5.464 121.596 6.032
202304 7.940 123.571 8.625
202307 8.355 124.914 8.979
202310 8.404 125.310 9.003
202401 7.856 125.072 8.432
202404 7.924 126.890 8.383
202407 8.073 128.075 8.461
202410 8.865 127.838 9.309
202501 8.809 127.443 9.279
202504 8.406 129.102 8.740
202507 8.963 130.290 9.235
202510 9.261 130.603 9.519
202601 9.856 130.366 10.149
202604 9.785 132.736 9.896
202607 9.961 134.238 9.961

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 $ mean?
Bank of Montreal (BMO) has a Cyclically Adjusted Revenue per Share of $ as of Jul. 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 of Montreal and its competitors.
Is Bank of Montreal's Cyclically Adjusted Revenue per Share too high?
Bank of Montreal's current Cyclically Adjusted Revenue per Share is $. Overall, Bank of Montreal has a GF Score™ of 69/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Bank of Montreal's Cyclically Adjusted Revenue per Share compare to JPM and BAC?
Bank of Montreal's Cyclically Adjusted Revenue per Share of $ 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 of Montreal and its competitors. Bank of Montreal's current Cyclically Adjusted Revenue per Share is $. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Bank of Montreal stock overvalued right now?
Based on GuruFocus' analysis, Bank of Montreal (BMO) is currently considered Significantly Overvalued. The stock's GF Value™ is $123.97, compared to a current price of $177.04 — trading 42.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $. Bank of Montreal's overall GF Score™ is 69/100 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 Revenue per Share calculated?
Cyclically Adjusted Revenue per Share is calculated from a company's financial statements. For Bank of Montreal (BMO), the current Cyclically Adjusted Revenue per Share is $ as of Jul. 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 of Montreal (BMO) Overvalued in 2026?

Based on GuruFocus' analysis, Bank of Montreal stock appears to be overvalued. The current stock price of $177.04 is trading 42.8% above its estimated GF Value™ of $123.97. GuruFocus considers Bank of Montreal to be Significantly Overvalued.

Key valuation signals for BMO:

  • Cyclically Adjusted Revenue per Share: $
  • GF Value™: $123.97 vs. price of $177.04 (42.8% above fair value)
  • GF Score™: 69/100 with 8 warning signs

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


Bank of Montreal Business Description

Address 129 rue Saint Jacques, Montreal, QC, CAN, H2Y 1L6
Bank of Montreal is a diversified financial services provider based in North America with over CAD 1.47 trillion in assets by the end of fiscal 2025. BMO operates four business segments: Canadian personal and commercial banking, US personal and commercial banking, wealth management, and capital markets. About 60% of BMO's earnings are generated in Canada and 40% in the US.
69GF Score

Get the complete analysis for BMO

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

$177.04
Price
$123.97
GF Value