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Itau Unibanco Holding (BSP:ITUB3) Cyclically Adjusted Revenue per Share : R$14.29 (As of Mar. 2025)


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What is Itau Unibanco Holding Cyclically Adjusted Revenue per Share?

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.

Itau Unibanco Holding's adjusted revenue per share for the three months ended in Mar. 2025 was R$4.176. 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 R$14.29 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Itau Unibanco Holding's average Cyclically Adjusted Revenue Growth Rate was 6.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.90% 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 Itau Unibanco Holding was 10.60% per year. The lowest was 1.70% per year. And the median was 6.55% per year.

As of today (2025-05-29), Itau Unibanco Holding's current stock price is R$33.39. Itau Unibanco Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was R$14.29. Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is 2.34.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Itau Unibanco Holding was 2.84. The lowest was 1.32. And the median was 1.96.


Itau Unibanco Holding Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Itau Unibanco Holding'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.

* Premium members only.

Itau Unibanco Holding Cyclically Adjusted Revenue per Share Chart

Itau Unibanco Holding 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 10.80 11.87 12.54 13.21 13.89

Itau Unibanco Holding Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 13.42 13.57 13.71 13.89 14.29

Competitive Comparison of Itau Unibanco Holding's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Itau Unibanco Holding's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Itau Unibanco Holding's Cyclically Adjusted PS Ratio falls into.


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Itau Unibanco Holding 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, Itau Unibanco Holding's adjusted Revenue per Share data for the three months ended in Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=4.176/168.1016*168.1016
=4.176

Current CPI (Mar. 2025) = 168.1016.

Itau Unibanco Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 2.367 100.006 3.979
201509 1.468 101.392 2.434
201512 2.456 104.247 3.960
201603 2.670 106.979 4.196
201606 2.825 108.851 4.363
201609 2.485 109.986 3.798
201612 2.596 110.802 3.938
201703 2.591 111.869 3.893
201706 2.337 112.115 3.504
201709 2.624 112.777 3.911
201712 2.245 114.068 3.308
201803 2.433 114.868 3.561
201806 1.832 117.038 2.631
201809 2.510 117.881 3.579
201812 2.507 118.340 3.561
201903 2.500 120.124 3.499
201906 2.515 120.977 3.495
201909 2.358 121.292 3.268
201912 2.968 123.436 4.042
202003 1.096 124.092 1.485
202006 2.100 123.557 2.857
202009 2.250 125.095 3.024
202012 3.799 129.012 4.950
202103 2.555 131.660 3.262
202106 2.923 133.871 3.670
202109 2.701 137.913 3.292
202112 3.113 141.992 3.685
202203 3.087 146.537 3.541
202206 3.133 149.784 3.516
202209 3.176 147.800 3.612
202212 3.188 150.207 3.568
202303 3.174 153.352 3.479
202306 3.589 154.519 3.904
202309 3.717 155.464 4.019
202312 2.927 157.148 3.131
202403 3.712 159.372 3.915
202406 3.718 161.052 3.881
202409 3.703 162.342 3.834
202412 3.118 164.740 3.182
202503 4.176 168.102 4.176

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Itau Unibanco Holding  (BSP:ITUB3) 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.

Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=33.39/14.29
=2.34

* 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 Itau Unibanco Holding was 2.84. The lowest was 1.32. And the median was 1.96.


Be Aware

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


Itau Unibanco Holding Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Itau Unibanco Holding's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Itau Unibanco Holding Business Description

Industry
Address
Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 33% and 44%% of the bank's total loans, respectively, while foreign loans account for 23% of its portfolio. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.

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