National Bank of Pakistan (KAR:NBP) Cyclically Adjusted Revenue per Share: ₨87.73 (As of Mar. 2026)

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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.
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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.

KAR:NBP National Bank of Pakistan KAR:NBP
62 GF Score
Price ₨207.46
GF Value ₨90.98
Valuation Significantly Overvalued
! 3 Warning Signs
View Full Analysis

What is National Bank of Pakistan Cyclically Adjusted Revenue per Share?

National Bank of Pakistan KAR:NBP -0.55% 62 Cyclically Adjusted Revenue per Share is ₨87.73 as of Mar. 2026. GuruFocus rates KAR:NBP with a GF Score™ of 62/100 and a GF Value™ of ₨90.98 (Significantly Overvalued). The stock has 3 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.

National Bank of Pakistan's adjusted revenue per share for the three months ended in Mar. 2026 was ₨29.316. 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 ₨87.73 for the trailing ten years ended in Mar. 2026.

During the past 12 months, National Bank of Pakistan's average Cyclically Adjusted Revenue Growth Rate was 14.30% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 13.90% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 13.00% 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 National Bank of Pakistan was 13.90% per year. The lowest was 12.30% per year. And the median was 12.90% per year.

As of today (2026-07-29), National Bank of Pakistan's current stock price is ₨207.46. National Bank of Pakistan's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was ₨87.73. National Bank of Pakistan's Cyclically Adjusted PS Ratio of today is 2.36.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of National Bank of Pakistan was 3.24. The lowest was 0.32. And the median was 0.70.


National Bank of Pakistan  (KAR:NBP) 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.

National Bank of Pakistan's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=207.46/87.73
=2.36

* 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 National Bank of Pakistan was 3.24. The lowest was 0.32. And the median was 0.70.


Be Aware

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


National Bank of Pakistan Cyclically Adjusted Revenue per Share Related Terms


National Bank of Pakistan Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for National Bank of Pakistan'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.

National Bank of Pakistan Cyclically Adjusted Revenue per Share Chart

National Bank of Pakistan 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 50.80 57.17 65.05 73.16 84.43

National Bank of Pakistan 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 76.74 79.53 82.43 84.43 87.73

National Bank of Pakistan Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, National Bank of Pakistan'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.


National Bank of Pakistan Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where National Bank of Pakistan's Cyclically Adjusted PS Ratio falls into.


KAR:NBP
62GF Score
National Bank of Pakistan KAR:NBP
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

National Bank of Pakistan 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, National Bank of Pakistan'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)
=29.316/330.2130*330.2130
=29.316

Current CPI (Mar. 2026) = 330.2130.

National Bank of Pakistan Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 11.200 241.018 15.345
201609 8.632 241.428 11.806
201612 11.653 241.432 15.938
201703 9.543 243.801 12.925
201706 10.579 244.955 14.261
201709 9.412 246.819 12.592
201712 12.477 246.524 16.713
201803 9.748 249.554 12.899
201806 12.177 251.989 15.957
201809 9.934 252.439 12.995
201812 14.789 251.233 19.438
201903 11.159 254.202 14.496
201906 14.400 256.143 18.564
201909 12.279 256.759 15.792
201912 13.748 256.974 17.666
202003 11.589 258.115 14.826
202006 19.890 257.797 25.477
202009 19.375 260.280 24.581
202012 15.686 260.474 19.886
202103 14.234 264.877 17.745
202106 16.854 271.696 20.484
202109 16.230 274.310 19.538
202112 16.517 278.802 19.563
202203 15.947 287.504 18.316
202206 17.889 296.311 19.936
202209 16.647 296.808 18.521
202212 21.871 296.797 24.333
202303 18.794 301.836 20.561
202306 24.786 305.109 26.825
202309 25.367 307.789 27.215
202312 30.610 306.746 32.952
202403 20.309 312.332 21.472
202406 27.170 314.175 28.557
202409 22.633 315.301 23.703
202412 41.401 315.605 43.317
202503 38.502 319.799 39.756
202506 36.520 322.561 37.386
202509 36.065 324.800 36.666
202512 38.294 324.054 39.022
202603 29.316 330.213 29.316

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 ₨87.73 mean?
National Bank of Pakistan (KAR:NBP) has a Cyclically Adjusted Revenue per Share of ₨87.73 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 National Bank of Pakistan and its competitors.
Is National Bank of Pakistan's Cyclically Adjusted Revenue per Share too high?
National Bank of Pakistan's current Cyclically Adjusted Revenue per Share is ₨87.73. Overall, National Bank of Pakistan has a GF Score™ of 62/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does National Bank of Pakistan's Cyclically Adjusted Revenue per Share compare to competitors?
National Bank of Pakistan's Cyclically Adjusted Revenue per Share of ₨87.73 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 National Bank of Pakistan and its competitors. National Bank of Pakistan's current Cyclically Adjusted Revenue per Share is ₨87.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Bank of Pakistan stock overvalued right now?
Based on GuruFocus' analysis, National Bank of Pakistan (KAR:NBP) is currently considered Significantly Overvalued. The stock's GF Value™ is ₨90.98, compared to a current price of ₨207.46 — trading 128% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₨87.73. National Bank of Pakistan's overall GF Score™ is 62/100 with 3 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 National Bank of Pakistan (KAR:NBP), the current Cyclically Adjusted Revenue per Share is ₨87.73 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 National Bank of Pakistan (KAR:NBP) Overvalued in 2026?

Based on GuruFocus' analysis, National Bank of Pakistan stock appears to be overvalued. The current stock price of ₨207.46 is trading 128% above its estimated GF Value™ of ₨90.98. GuruFocus considers National Bank of Pakistan to be Significantly Overvalued.

Key valuation signals for KAR:NBP:

  • Cyclically Adjusted Revenue per Share: ₨87.73
  • GF Value™: ₨90.98 vs. price of ₨207.46 (128% above fair value)
  • GF Score™: 62/100 with 3 warning signs

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


National Bank of Pakistan Business Description

Address I.I. Chundrigar Road, NBP Building, Karachi, SD, PAK
National Bank of Pakistan is a commercial bank that provides banking and related services in Pakistan and overseas. The bank offers diversified banking services across retail, commercial, corporate and investment, Islamic, treasury, and international banking segments. Geographically, it derives a majority of its revenue from Pakistan. Approximately the Bank operates an extensive domestic network of 1,503 branches, including the Export Processing Zone branch in Karachi, and maintains 14 international branches.
62GF Score

Get the complete analysis for KAR:NBP

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

₨207.46
Price
₨90.98
GF Value