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PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Cyclically Adjusted Revenue per Share : Rp1,180.06 (As of Mar. 2025)


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What is PT Bank Mandiri (Persero) Tbk 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.

PT Bank Mandiri (Persero) Tbk's adjusted revenue per share for the three months ended in Mar. 2025 was Rp369.290. 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 Rp1,180.06 for the trailing ten years ended in Mar. 2025.

During the past 12 months, PT Bank Mandiri (Persero) Tbk's average Cyclically Adjusted Revenue Growth Rate was 7.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 9.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 8.90% 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 PT Bank Mandiri (Persero) Tbk was 10.10% per year. The lowest was 8.30% per year. And the median was 9.70% per year.

As of today (2025-05-22), PT Bank Mandiri (Persero) Tbk's current stock price is Rp5450.00. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was Rp1,180.06. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PS Ratio of today is 4.62.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of PT Bank Mandiri (Persero) Tbk was 6.87. The lowest was 2.38. And the median was 4.64.


PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for PT Bank Mandiri (Persero) Tbk'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.

PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Revenue per Share Chart

PT Bank Mandiri (Persero) Tbk 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 806.29 878.62 989.62 1,076.37 1,159.33

PT Bank Mandiri (Persero) Tbk 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 1,100.86 1,117.21 1,129.64 1,159.33 1,180.06

Competitive Comparison of PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, PT Bank Mandiri (Persero) Tbk'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.


PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PS Ratio falls into.


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PT Bank Mandiri (Persero) Tbk 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, PT Bank Mandiri (Persero) Tbk'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)
=369.29/131.9484*131.9484
=369.290

Current CPI (Mar. 2025) = 131.9484.

PT Bank Mandiri (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 167.241 99.766 221.189
201509 182.840 101.037 238.779
201512 164.582 102.133 212.628
201603 179.074 102.764 229.930
201606 186.910 103.212 238.949
201609 214.250 104.142 271.455
201612 160.608 105.222 201.403
201703 187.760 106.476 232.678
201706 423.105 107.722 518.263
201709 352.228 108.020 430.251
201712 199.137 109.017 241.025
201803 197.578 110.097 236.793
201806 209.499 111.085 248.847
201809 200.321 111.135 237.838
201812 230.225 112.430 270.193
201903 207.901 112.829 243.132
201906 212.281 114.730 244.139
201909 222.710 114.905 255.745
201912 234.137 115.486 267.513
202003 240.282 116.252 272.724
202006 198.321 116.630 224.369
202009 197.051 116.397 223.379
202012 298.028 117.318 335.194
202103 258.789 117.840 289.773
202106 264.600 118.184 295.417
202109 263.794 118.262 294.323
202112 279.743 119.516 308.842
202203 291.181 120.948 317.664
202206 294.355 123.322 314.944
202209 307.710 125.298 324.041
202212 345.891 126.098 361.940
202303 321.494 126.953 334.146
202306 325.595 127.663 336.525
202309 337.973 128.151 347.987
202312 345.585 129.395 352.405
202403 340.321 130.607 343.816
202406 352.808 130.792 355.928
202409 364.720 130.361 369.161
202412 386.427 131.432 387.947
202503 369.290 131.948 369.290

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


PT Bank Mandiri (Persero) Tbk  (ISX:BMRI) 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.

PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=5450.00/1180.06
=4.62

* 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 PT Bank Mandiri (Persero) Tbk was 6.87. The lowest was 2.38. And the median was 4.64.


Be Aware

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


PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


PT Bank Mandiri (Persero) Tbk Business Description

Industry
Traded in Other Exchanges
Address
Jalan Jenderal Gatot Subroto Kav. 36-38, Plaza Mandiri, Jakarta, IDN, 12190
PT Bank Mandiri (Persero) Tbk is a full-service bank principally operating in the Indonesian archipelago. The national government of Indonesia owns well over half of the bank's outstanding shares. Its various products and services includes deposit collection, loans, promissory note issuance, guarantee services, wholesale banking, custodian banking, asset and wealth management, factoring and credit card services, and Islamic banking. The bank emphasizes a cross-selling culture and increased regionalization, expertise-oriented solutions, and ease of access for its micro, small, and midsize enterprise customers. Its loan portfolio is diversified, mostly in industrials, restaurants and hospitality, and the transportation and storage industries.

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