IDCBY (Industrial And Commercial Bank Of China) Cyclically Adjusted Revenue per Share: $5.44 (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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IDCBY Industrial And Commercial Bank Of China Ltd IDCBY
64 GF Score
Price $19.11
GF Value $15.89
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share?

Industrial And Commercial Bank Of China IDCBY -1.70% 64 Cyclically Adjusted Revenue per Share is $5.44 as of Mar. 2026. GuruFocus rates IDCBY with a GF Score™ of 64/100 and a GF Value™ of $15.89 (Modestly 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.

Industrial And Commercial Bank Of China's adjusted revenue per share for the three months ended in Mar. 2026 was $1.832. 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 $5.44 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Industrial And Commercial Bank Of China's average Cyclically Adjusted Revenue Growth Rate was 1.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 0.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 2.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.60% 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 Industrial And Commercial Bank Of China was 9.30% per year. The lowest was 0.70% per year. And the median was 6.30% per year.

As of today (2026-08-03), Industrial And Commercial Bank Of China's current stock price is $19.11. Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was $5.44. Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio of today is 3.51.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Industrial And Commercial Bank Of China was 4.63. The lowest was 1.79. And the median was 2.89.


Industrial And Commercial Bank Of China  (OTCPK:IDCBY) 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.

Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=19.11/5.44
=3.51

* 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 Industrial And Commercial Bank Of China was 4.63. The lowest was 1.79. And the median was 2.89.


Be Aware

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


Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share Related Terms


Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Industrial And Commercial Bank Of China'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.

Industrial And Commercial Bank Of China Cyclically Adjusted Revenue per Share Chart

Industrial And Commercial Bank Of China 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 5.34 5.37 4.70 4.45 4.76

Industrial And Commercial Bank Of China 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 4.78 4.81 4.69 4.76 5.44

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

For the Banks - Diversified subindustry, Industrial And Commercial Bank Of China'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.


Industrial And Commercial Bank Of China Cyclically Adjusted PS Ratio vs Banks Industry

For the Banks industry and Financial Services sector, Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Industrial And Commercial Bank Of China's Cyclically Adjusted PS Ratio falls into.


IDCBY
64GF Score
Industrial And Commercial Bank Of China Ltd IDCBY
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Industrial And Commercial Bank Of China 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, Industrial And Commercial Bank Of China'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)
=1.832/116.3033*116.3033
=1.832

Current CPI (Mar. 2026) = 116.3033.

Industrial And Commercial Bank Of China Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.378 101.400 1.581
201609 1.316 102.400 1.495
201612 1.184 102.600 1.342
201703 1.518 103.200 1.711
201706 1.440 103.100 1.624
201709 1.474 104.100 1.647
201712 1.517 104.500 1.688
201803 1.737 105.300 1.919
201806 1.653 104.900 1.833
201809 1.531 106.600 1.670
201812 1.500 106.500 1.638
201903 1.963 107.700 2.120
201906 1.674 107.700 1.808
201909 1.639 109.800 1.736
201912 1.525 111.200 1.595
202003 1.833 112.300 1.898
202006 1.755 110.400 1.849
202009 1.754 111.700 1.826
202012 1.666 111.500 1.738
202103 2.009 112.662 2.074
202106 2.052 111.769 2.135
202109 1.965 112.215 2.037
202112 1.939 113.108 1.994
202203 2.007 114.335 2.042
202206 1.829 114.558 1.857
202209 1.555 115.339 1.568
202212 1.511 115.116 1.527
202303 1.823 115.116 1.842
202306 1.681 114.558 1.707
202309 1.404 115.339 1.416
202312 1.456 114.781 1.475
202403 1.664 115.227 1.680
202406 1.524 114.781 1.544
202409 1.468 115.785 1.475
202412 1.435 114.893 1.453
202503 1.594 115.116 1.610
202506 1.623 114.907 1.643
202509 1.575 115.471 1.586
202512 1.540 115.832 1.546
202603 1.832 116.303 1.832

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 $5.44 mean?
Industrial And Commercial Bank Of China (IDCBY) has a Cyclically Adjusted Revenue per Share of $5.44 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 Industrial And Commercial Bank Of China and its competitors.
Is Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share too high?
Industrial And Commercial Bank Of China's current Cyclically Adjusted Revenue per Share is $5.44. Overall, Industrial And Commercial Bank Of China has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share compare to JPM and BAC?
Industrial And Commercial Bank Of China's Cyclically Adjusted Revenue per Share of $5.44 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 Industrial And Commercial Bank Of China and its competitors. Industrial And Commercial Bank Of China's current Cyclically Adjusted Revenue per Share is $5.44. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Industrial And Commercial Bank Of China stock overvalued right now?
Based on GuruFocus' analysis, Industrial And Commercial Bank Of China (IDCBY) is currently considered Modestly Overvalued. The stock's GF Value™ is $15.89, compared to a current price of $19.11 — trading 20.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is $5.44. Industrial And Commercial Bank Of China's overall GF Score™ is 64/100 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 Industrial And Commercial Bank Of China (IDCBY), the current Cyclically Adjusted Revenue per Share is $5.44 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 Industrial And Commercial Bank Of China (IDCBY) Overvalued in 2026?

Based on GuruFocus' analysis, Industrial And Commercial Bank Of China stock appears to be overvalued. The current stock price of $19.11 is trading 20.3% above its estimated GF Value™ of $15.89. GuruFocus considers Industrial And Commercial Bank Of China to be Modestly Overvalued.

Key valuation signals for IDCBY:

  • Cyclically Adjusted Revenue per Share: $5.44
  • GF Value™: $15.89 vs. price of $19.11 (20.3% above fair value)
  • GF Score™: 64/100 with 8 warning signs

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


Industrial And Commercial Bank Of China Business Description

Address No. 55 Fuxingmennei Avenue, Xicheng District, Beijing, CHN, 100140
Industrial and Commercial Bank of China was founded in 1984 and is headquartered in Beijing. The bank listed its shares in mainland China and Hong Kong in 2006. It is China's largest by asset scale and by share of lending and deposits. Central Huijin Investment (China's sovereign wealth fund manager) and China's Ministry of Finance are ICBC's two largest shareholders, each with a stake of around 35%. ICBC operates over 15,000 outlets. Of these, 413 outlets are in 49 countries and regions overseas. Corporate banking, retail banking, and wholesale banking accounted for 49%, 39%, and 11% of total revenue, respectively, and 49%, 33%, and 17% of profit before tax in 2025. Overseas banking and other business contributed 14% of total revenue and 9% of profit before tax in 2025.
64GF Score

Get the complete analysis for IDCBY

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

$19.11
Price
$15.89
GF Value