mBank (FRA:BRU) Cyclically Adjusted Revenue per Share: €54.00 (As of Jun. 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.

FRA:BRU mBank SA FRA:BRU
60 GF Score
Price €324.10
GF Value €180.85
Valuation Significantly Overvalued
! 7 Warning Signs
View Full Analysis

What is mBank Cyclically Adjusted Revenue per Share?

mBank FRA:BRU -0.92% 60 Cyclically Adjusted Revenue per Share is €54.00 as of Jun. 2026. GuruFocus rates FRA:BRU with a GF Score™ of 60/100 and a GF Value™ of €180.85 (Significantly Overvalued). The stock has 7 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.

mBank's adjusted revenue per share for the three months ended in Jun. 2026 was €17.453. 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 €54.00 for the trailing ten years ended in Jun. 2026.

During the past 12 months, mBank's average Cyclically Adjusted Revenue Growth Rate was 9.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 12.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 15.10% 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 mBank was 16.90% per year. The lowest was 4.30% per year. And the median was 13.00% per year.

As of today (2026-08-16), mBank's current stock price is €324.10. mBank's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €54.00. mBank's Cyclically Adjusted PS Ratio of today is 6.00.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of mBank was 6.18. The lowest was 1.03. And the median was 3.49.


mBank  (FRA:BRU) 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.

mBank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=324.10/54.00
=6.00

* 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 mBank was 6.18. The lowest was 1.03. And the median was 3.49.


Be Aware

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


mBank Cyclically Adjusted Revenue per Share Related Terms


mBank Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for mBank'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.

mBank Cyclically Adjusted Revenue per Share Chart

mBank 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 26.20 32.42 41.63 46.86 51.39

mBank Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 49.30 50.74 51.39 53.23 54.00

FRA:BRU vs PNC: Cyclically Adjusted Revenue per Share Comparison

For the Banks - Regional subindustry, mBank'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.


mBank Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:BRU
60GF Score
mBank SA FRA:BRU
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

mBank 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, mBank's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=17.453/162.2800*162.2800
=17.453

Current CPI (Jun. 2026) = 162.2800.

mBank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 5.984 99.064 9.803
201612 6.050 100.366 9.782
201703 6.140 101.018 9.864
201706 6.477 101.180 10.388
201709 6.547 101.343 10.484
201712 6.638 102.564 10.503
201803 6.521 102.564 10.318
201806 6.816 103.378 10.700
201809 6.785 103.378 10.651
201812 6.705 103.785 10.484
201903 7.124 104.274 11.087
201906 7.604 105.983 11.643
201909 8.928 105.983 13.670
201912 6.676 107.123 10.113
202003 7.904 109.076 11.759
202006 8.375 109.402 12.423
202009 8.041 109.320 11.936
202012 8.798 109.565 13.031
202103 8.794 112.658 12.667
202106 8.430 113.960 12.004
202109 8.681 115.588 12.188
202112 9.273 119.088 12.636
202203 12.151 125.031 15.771
202206 12.380 131.705 15.254
202209 7.231 135.531 8.658
202212 13.455 139.113 15.696
202303 14.172 145.950 15.758
202306 15.402 147.009 17.002
202309 15.545 146.113 17.265
202312 16.370 147.741 17.981
202403 16.219 149.044 17.659
202406 15.174 150.997 16.308
202409 17.639 153.439 18.655
202412 17.417 154.660 18.275
202503 17.068 157.021 17.640
202506 17.693 157.509 18.229
202509 17.819 158.000 18.302
202512 17.284 158.320 17.716
202603 17.425 163.070 17.341
202606 17.453 162.280 17.453

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 €54.00 mean?
mBank (FRA:BRU) has a Cyclically Adjusted Revenue per Share of €54.00 as of Jun. 2026. Cyclically adjusted revenue per share represents the company's inflation-adjusted revenue per share over a 10-year period. View historical data on mBank and its competitors.
Is mBank's Cyclically Adjusted Revenue per Share too high?
mBank's current Cyclically Adjusted Revenue per Share is €54.00. Overall, mBank has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does mBank's Cyclically Adjusted Revenue per Share compare to PNC?
mBank's Cyclically Adjusted Revenue per Share of €54.00 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 mBank and its competitors. mBank's current Cyclically Adjusted Revenue per Share is €54.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is mBank stock overvalued right now?
Based on GuruFocus' analysis, mBank (FRA:BRU) is currently considered Significantly Overvalued. The stock's GF Value™ is €180.85, compared to a current price of €324.10 — trading 79.2% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €54.00. mBank's overall GF Score™ is 60/100 with 7 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 mBank (FRA:BRU), the current Cyclically Adjusted Revenue per Share is €54.00 as of Jun. 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 mBank (FRA:BRU) Overvalued in 2026?

Based on GuruFocus' analysis, mBank stock appears to be overvalued. The current stock price of €324.10 is trading 79.2% above its estimated GF Value™ of €180.85. GuruFocus considers mBank to be Significantly Overvalued.

Key valuation signals for FRA:BRU:

  • Cyclically Adjusted Revenue per Share: €54.00
  • GF Value™: €180.85 vs. price of €324.10 (79.2% above fair value)
  • GF Score™: 60/100 with 7 warning signs

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


mBank Business Description

Other Exchanges MBK:PolandBRU:Germany
Address 18 Prosta Street, Warsaw, POL, 00-850
mBank SA is a financial services group operating in Poland, as well as the Czech Republic and Slovakia. Its primary business is retail, corporate, and investment banking, but the company also conducts leasing, factoring, and wealth management operations, among other financial services. The group offers insurance policies through a strategic partnership. The bank plans to emphasize customer service, particularly in the development of its banking solutions. The group conducts its business segments in The Retail Banking segment, The Corporate and Investment Banking segment, The Treasury and Other segments, and the FX Mortgage Loans segment and the majority of its revenue is generated from the retail banking segment.
60GF Score

Get the complete analysis for FRA:BRU

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

€324.10
Price
€180.85
GF Value