Mizuho Financial Group (FRA:MZ8) Cyclically Adjusted Revenue per Share: €6.77 (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.

FRA:MZ8 Mizuho Financial Group Inc FRA:MZ8
64 GF Score
Price €46.60
GF Value €24.39
Valuation Significantly Overvalued
! 6 Warning Signs
View Full Analysis

What is Mizuho Financial Group Cyclically Adjusted Revenue per Share?

Mizuho Financial Group FRA:MZ8 +2.64% 64 Cyclically Adjusted Revenue per Share is €6.77 as of Mar. 2026. GuruFocus rates FRA:MZ8 with a GF Score™ of 64/100 and a GF Value™ of €24.39 (Significantly 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.

Mizuho Financial Group's adjusted revenue per share for the three months ended in Mar. 2026 was €2.939. 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 €6.77 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Mizuho Financial Group's average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.30% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 5.10% 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 Mizuho Financial Group was 6.30% per year. The lowest was -7.00% per year. And the median was -2.00% per year.

As of today (2026-07-24), Mizuho Financial Group's current stock price is €46.60. Mizuho Financial Group's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was €6.77. Mizuho Financial Group's Cyclically Adjusted PS Ratio of today is 6.88.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mizuho Financial Group was 7.28. The lowest was 1.18. And the median was 1.84.


Mizuho Financial Group  (FRA:MZ8) 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.

Mizuho Financial Group's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=46.60/6.77
=6.88

* 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 Mizuho Financial Group was 7.28. The lowest was 1.18. And the median was 1.84.


Be Aware

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


Mizuho Financial Group Cyclically Adjusted Revenue per Share Related Terms


Mizuho Financial Group Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Mizuho Financial Group'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.

Mizuho Financial Group Cyclically Adjusted Revenue per Share Chart

Mizuho Financial Group Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.09 6.77 6.25 6.78 6.77

Mizuho Financial Group 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 6.78 6.74 6.71 6.57 6.77

Mizuho Financial Group Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, Mizuho Financial Group'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.


Mizuho Financial Group Cyclically Adjusted PS Ratio vs Banks Industry

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

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


FRA:MZ8
64GF Score
Mizuho Financial Group Inc FRA:MZ8
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mizuho Financial Group 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, Mizuho Financial Group'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)
=2.939/112.7000*112.7000
=2.939

Current CPI (Mar. 2026) = 112.7000.

Mizuho Financial Group Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.140 98.100 1.310
201609 2.935 98.000 3.375
201612 2.166 98.400 2.481
201703 1.834 98.100 2.107
201706 1.785 98.500 2.042
201709 1.762 98.800 2.010
201712 1.570 99.400 1.780
201803 1.866 99.200 2.120
201806 1.961 99.200 2.228
201809 1.885 99.900 2.127
201812 1.704 99.700 1.926
201903 1.185 99.700 1.340
201906 1.893 99.800 2.138
201909 2.027 100.100 2.282
201912 1.892 100.500 2.122
202003 1.769 100.300 1.988
202006 2.076 99.900 2.342
202009 1.888 99.900 2.130
202012 1.855 99.300 2.105
202103 1.931 99.900 2.178
202106 1.819 99.500 2.060
202109 2.094 100.100 2.358
202112 2.074 100.100 2.335
202203 1.643 101.100 1.832
202206 1.807 101.800 2.000
202209 1.878 103.100 2.053
202212 1.843 104.100 1.995
202303 1.871 104.400 2.020
202306 1.790 105.200 1.918
202309 1.853 106.200 1.966
202312 1.924 106.800 2.030
202403 1.864 107.200 1.960
202406 2.148 108.200 2.237
202409 2.348 108.900 2.430
202412 2.368 110.700 2.411
202503 2.407 111.100 2.442
202506 2.131 111.700 2.150
202509 2.386 112.000 2.401
202512 2.368 113.000 2.362
202603 2.939 112.700 2.939

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 €6.77 mean?
Mizuho Financial Group (FRA:MZ8) has a Cyclically Adjusted Revenue per Share of €6.77 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 Mizuho Financial Group and its competitors.
Is Mizuho Financial Group's Cyclically Adjusted Revenue per Share too high?
Mizuho Financial Group's current Cyclically Adjusted Revenue per Share is €6.77. Overall, Mizuho Financial Group has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Mizuho Financial Group's Cyclically Adjusted Revenue per Share compare to competitors?
Mizuho Financial Group's Cyclically Adjusted Revenue per Share of €6.77 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 Mizuho Financial Group and its competitors. Mizuho Financial Group's current Cyclically Adjusted Revenue per Share is €6.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mizuho Financial Group stock overvalued right now?
Based on GuruFocus' analysis, Mizuho Financial Group (FRA:MZ8) is currently considered Significantly Overvalued. The stock's GF Value™ is €24.39, compared to a current price of €46.60 — trading 91.1% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €6.77. Mizuho Financial Group's overall GF Score™ is 64/100 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 Mizuho Financial Group (FRA:MZ8), the current Cyclically Adjusted Revenue per Share is €6.77 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 Mizuho Financial Group (FRA:MZ8) Overvalued in 2026?

Based on GuruFocus' analysis, Mizuho Financial Group stock appears to be overvalued. The current stock price of €46.60 is trading 91.1% above its estimated GF Value™ of €24.39. GuruFocus considers Mizuho Financial Group to be Significantly Overvalued.

Key valuation signals for FRA:MZ8:

  • Cyclically Adjusted Revenue per Share: €6.77
  • GF Value™: €24.39 vs. price of €46.60 (91.1% above fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the FRA:MZ8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mizuho Financial Group Business Description

Address 1-5-5, Otemachi, Otemachi Tower, Chiyoda-ku, Tokyo, JPN, 100-8176
Mizuho Financial Group is roughly tied with megabank peer Sumitomo Mitsui Financial Group for the status as Japan's second-largest bank after Mitsubishi UFJ Financial Group. In Japan, Mizuho has more of a corporate focus than SMFG, which has a larger retail business. Its overseas weighting is slightly smaller than that of MUFG. Unlike its two Japanese megabank peers, which own foreign banks outright or hold noncontrolling stakes in local banks overseas, Mizuho expanded in recent years beyond its traditional Japanese borrowers, mainly through its core banking and securities units, focusing on the financing needs of global multinational corporations.
64GF Score

Get the complete analysis for FRA:MZ8

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

€46.60
Price
€24.39
GF Value