PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Cyclically Adjusted Revenue per Share: Rp1,298.20 (As of Jun. 2026)

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ISX:BMRI PT Bank Mandiri (Persero) Tbk ISX:BMRI
75 GF Score
Price Rp4,170.00
GF Value Rp6,016.56
Valuation Significantly Undervalued
! 4 Warning Signs
View Full Analysis

What is PT Bank Mandiri (Persero) Tbk Cyclically Adjusted Revenue per Share?

PT Bank Mandiri (Persero) Tbk ISX:BMRI -0.48% 75 Cyclically Adjusted Revenue per Share is Rp1,298.20 as of Jun. 2026. GuruFocus rates ISX:BMRI with a GF Score™ of 75/100 and a GF Value™ of Rp6,016.56 (Significantly Undervalued). The stock has 4 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.

PT Bank Mandiri (Persero) Tbk's adjusted revenue per share for the three months ended in Jun. 2026 was Rp324.887. 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 Rp1,298.20 for the trailing ten years ended in Jun. 2026.

During the past 12 months, PT Bank Mandiri (Persero) Tbk's average Cyclically Adjusted Revenue Growth Rate was 7.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 8.20% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 9.40% 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 8.20% per year. And the median was 9.00% per year.

As of today (2026-08-03), PT Bank Mandiri (Persero) Tbk's current stock price is Rp4170.00. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was Rp1,298.20. PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted PS Ratio of today is 3.21.

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 4.41.


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
=4170.00/1298.20
=3.21

* 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 4.41.


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


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

* Premium members only.

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.

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

PT Bank Mandiri (Persero) Tbk 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 878.62 989.64 1,076.39 1,159.35 1,255.05

PT Bank Mandiri (Persero) Tbk 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 1,203.61 1,222.19 1,255.05 1,279.80 1,298.20

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

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 Cyclically Adjusted PS Ratio vs 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.


ISX:BMRI
75GF Score
PT Bank Mandiri (Persero) Tbk ISX:BMRI
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

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 Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=324.887/137.6954*137.6954
=324.887

Current CPI (Jun. 2026) = 137.6954.

PT Bank Mandiri (Persero) Tbk Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 214.250 104.142 283.278
201612 160.608 105.222 210.175
201703 187.760 106.476 242.813
201706 423.105 107.722 540.836
201709 352.228 108.020 448.991
201712 199.137 109.017 251.523
201803 197.578 110.097 247.107
201806 209.499 111.085 259.685
201809 200.321 111.135 248.197
201812 230.225 112.430 281.962
201903 207.901 112.829 253.721
201906 212.281 114.730 254.773
201909 222.710 114.905 266.884
201912 234.137 115.486 279.165
202003 240.282 116.252 284.603
202006 198.321 116.630 234.142
202009 197.051 116.397 233.108
202012 298.028 117.318 349.793
202103 258.789 117.840 302.394
202106 264.600 118.184 308.284
202109 263.794 118.262 307.143
202112 279.743 119.516 322.294
202203 291.181 120.948 331.500
202206 294.452 123.322 328.770
202209 307.811 125.298 338.266
202212 345.891 126.098 377.704
202303 321.494 126.953 348.699
202306 325.595 127.663 351.182
202309 337.973 128.151 363.143
202312 345.585 129.395 367.754
202403 340.321 130.607 358.791
202406 352.808 130.792 371.431
202409 364.425 130.361 384.929
202412 386.717 131.432 405.148
202503 369.292 131.948 385.376
202506 343.148 133.241 354.621
202509 375.676 133.819 386.558
202512 413.967 135.271 421.386
202603 367.832 136.539 370.948
202606 324.887 137.695 324.887

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 Rp1,298.20 mean?
PT Bank Mandiri (Persero) Tbk (ISX:BMRI) has a Cyclically Adjusted Revenue per Share of Rp1,298.20 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 PT Bank Mandiri (Persero) Tbk and its competitors.
Is PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share too high?
PT Bank Mandiri (Persero) Tbk's current Cyclically Adjusted Revenue per Share is Rp1,298.20. Overall, PT Bank Mandiri (Persero) Tbk has a GF Score™ of 75/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share compare to competitors?
PT Bank Mandiri (Persero) Tbk's Cyclically Adjusted Revenue per Share of Rp1,298.20 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 PT Bank Mandiri (Persero) Tbk and its competitors. PT Bank Mandiri (Persero) Tbk's current Cyclically Adjusted Revenue per Share is Rp1,298.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PT Bank Mandiri (Persero) Tbk stock overvalued right now?
Based on GuruFocus' analysis, PT Bank Mandiri (Persero) Tbk (ISX:BMRI) is currently considered Significantly Undervalued. The stock's GF Value™ is Rp6,016.56, compared to a current price of Rp4,170.00 — trading 30.7% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is Rp1,298.20. PT Bank Mandiri (Persero) Tbk's overall GF Score™ is 75/100 with 4 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 PT Bank Mandiri (Persero) Tbk (ISX:BMRI), the current Cyclically Adjusted Revenue per Share is Rp1,298.20 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 PT Bank Mandiri (Persero) Tbk (ISX:BMRI) Overvalued in 2026?

Based on GuruFocus' analysis, PT Bank Mandiri (Persero) Tbk stock appears to be undervalued. The current stock price of Rp4,170.00 is trading 30.7% below its estimated GF Value™ of Rp6,016.56. GuruFocus considers PT Bank Mandiri (Persero) Tbk to be Significantly Undervalued.

Key valuation signals for ISX:BMRI:

  • Cyclically Adjusted Revenue per Share: Rp1,298.20
  • GF Value™: Rp6,016.56 vs. price of Rp4,170.00 (30.7% below fair value)
  • GF Score™: 75/100 with 4 warning signs

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


PT Bank Mandiri (Persero) Tbk Business Description

Address Jl. Jenderal Sudirman Kav.54-55, Menara Mandiri 1, Jakarta, IDN, 12190
PT Bank Mandiri (Persero) Tbk is engaged in the provision of banking services. Its services include collecting funds from the public in forms of current accounts, term deposits, deposit certificates, savings, and/or other equivalent forms; Lending; Issuing promissory notes; Purchasing, selling, or guaranteeing on own risk or for the interest of and upon orders of the customers; and money transfer for self- interest or customers' interest. Its segments include the Wholesale segment and the Retail segment. Geographically, it operates in Indonesia, Asia (Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia), Western Europe (United Kingdom), and the Cayman Islands.
75GF Score

Get the complete analysis for ISX:BMRI

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

Rp4,170.00
Price
Rp6,016.56
GF Value