Mutual Trust Bank (DHA:MTB) Cyclically Adjusted Revenue per Share: BDT13.62 (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:MTB Mutual Trust Bank PLC DHA:MTB
88 GF Score
Price BDT14.00
GF Value BDT11.70
Valuation Modestly Overvalued
! 6 Warning Signs
View Full Analysis

What is Mutual Trust Bank Cyclically Adjusted Revenue per Share?

Mutual Trust Bank DHA:MTB +2.19% 88 Cyclically Adjusted Revenue per Share is BDT13.62 as of Mar. 2026. GuruFocus rates DHA:MTB with a GF Score™ of 88/100 and a GF Value™ of BDT11.70 (Modestly Overvalued). The stock has 6 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.

Mutual Trust Bank's adjusted revenue per share for the three months ended in Mar. 2026 was BDT4.202. 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 BDT13.62 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mutual Trust Bank's average Cyclically Adjusted Revenue Growth Rate was 7.70% 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.

As of today (2026-07-22), Mutual Trust Bank's current stock price is BDT14.00. Mutual Trust Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was BDT13.62. Mutual Trust Bank's Cyclically Adjusted PS Ratio of today is 1.03.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mutual Trust Bank was 1.02. The lowest was 0.73. And the median was 0.85.


Mutual Trust Bank  (DHA:MTB) 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.

Mutual Trust Bank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=14.00/13.62
=1.03

* 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 Mutual Trust Bank was 1.02. The lowest was 0.73. And the median was 0.85.


Be Aware

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


Mutual Trust Bank Cyclically Adjusted Revenue per Share Related Terms


Mutual Trust Bank Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Mutual Trust 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.

Mutual Trust Bank Cyclically Adjusted Revenue per Share Chart

Mutual Trust 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 0.00 0.00 0.00 0.00 13.17

Mutual Trust 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 12.65 12.89 13.03 13.17 13.62

Mutual Trust Bank Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, Mutual Trust 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.


Mutual Trust Bank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


DHA:MTB
88GF Score
Mutual Trust Bank PLC DHA:MTB
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mutual Trust 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, Mutual Trust 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)
=4.202/330.2130*330.2130
=4.202

Current CPI (Mar. 2026) = 330.2130.

Mutual Trust Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 2.028 241.018 2.779
201609 1.763 241.428 2.411
201612 1.783 241.432 2.439
201703 1.714 243.801 2.322
201706 1.788 244.955 2.410
201709 1.965 246.819 2.629
201712 2.311 246.524 3.096
201803 1.940 249.554 2.567
201806 2.240 251.989 2.935
201809 2.165 252.439 2.832
201812 2.538 251.233 3.336
201903 2.063 254.202 2.680
201906 2.361 256.143 3.044
201909 2.250 256.759 2.894
201912 2.552 256.974 3.279
202003 2.271 258.115 2.905
202006 2.164 257.797 2.772
202009 1.834 260.280 2.327
202012 2.230 260.474 2.827
202103 2.253 264.877 2.809
202106 2.434 271.696 2.958
202109 2.464 274.310 2.966
202112 3.350 278.802 3.968
202203 2.757 287.504 3.167
202206 3.218 296.311 3.586
202209 3.487 296.808 3.879
202212 3.610 296.797 4.016
202303 3.328 301.836 3.641
202306 3.486 305.109 3.773
202309 3.699 307.789 3.968
202312 3.713 306.746 3.997
202403 3.937 312.332 4.162
202406 4.734 314.175 4.976
202409 3.793 315.301 3.972
202412 5.325 315.605 5.571
202503 4.636 319.799 4.787
202506 4.451 322.561 4.557
202509 3.715 324.800 3.777
202512 4.937 324.054 5.031
202603 4.202 330.213 4.202

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 BDT13.62 mean?
Mutual Trust Bank (DHA:MTB) has a Cyclically Adjusted Revenue per Share of BDT13.62 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 Mutual Trust Bank and its competitors.
Is Mutual Trust Bank's Cyclically Adjusted Revenue per Share too high?
Mutual Trust Bank's current Cyclically Adjusted Revenue per Share is BDT13.62. Overall, Mutual Trust Bank has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mutual Trust Bank's Cyclically Adjusted Revenue per Share compare to competitors?
Mutual Trust Bank's Cyclically Adjusted Revenue per Share of BDT13.62 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 Mutual Trust Bank and its competitors. Mutual Trust Bank's current Cyclically Adjusted Revenue per Share is BDT13.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mutual Trust Bank stock overvalued right now?
Based on GuruFocus' analysis, Mutual Trust Bank (DHA:MTB) is currently considered Modestly Overvalued. The stock's GF Value™ is BDT11.70, compared to a current price of BDT14.00 — trading 19.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is BDT13.62. Mutual Trust Bank's overall GF Score™ is 88/100 with 6 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 Mutual Trust Bank (DHA:MTB), the current Cyclically Adjusted Revenue per Share is BDT13.62 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 Mutual Trust Bank (DHA:MTB) Overvalued in 2026?

Based on GuruFocus' analysis, Mutual Trust Bank stock appears to be overvalued. The current stock price of BDT14.00 is trading 19.7% above its estimated GF Value™ of BDT11.70. GuruFocus considers Mutual Trust Bank to be Modestly Overvalued.

Key valuation signals for DHA:MTB:

  • Cyclically Adjusted Revenue per Share: BDT13.62
  • GF Value™: BDT11.70 vs. price of BDT14.00 (19.7% above fair value)
  • GF Score™: 88/100 with 6 warning signs

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


Mutual Trust Bank Business Description

Address 26 Gulshan Avenue, Gulshan 1, MTB Centre, Dhaka, BGD, 1212
Mutual Trust Bank PLC is a company that engages in the provision of various commercial banking and related services. Its products and services include savings and current accounts, and fixed deposits; personal, auto, home, home equity, and professional's loan products; overdraft facilities; credit cards; and locker services. The company's reportable segments include DBO (Domestic Banking Operation), OBU (Offshore Banking Unit), MTB Securities Limited, and MTB Capital Limited.
88GF Score

Get the complete analysis for DHA:MTB

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

BDT14.00
Price
BDT11.70
GF Value