Itau Unibanco Holding (MEX:ITUB N) Cyclically Adjusted Revenue per Share: MXN48.63 (As of Mar. 2026)

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MEX:ITUB N Itau Unibanco Holding SA MEX:ITUB N
59 GF Score
Price MXN156.00
GF Value MXN103.13
Valuation Significantly Overvalued
! 9 Warning Signs
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What is Itau Unibanco Holding Cyclically Adjusted Revenue per Share?

Itau Unibanco Holding MEX:ITUB N 59 Cyclically Adjusted Revenue per Share is MXN48.63 as of Mar. 2026. GuruFocus rates MEX:ITUB N with a GF Score™ of 59/100 and a GF Value™ of MXN103.13 (Significantly Overvalued). The stock has 9 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.

Itau Unibanco Holding's adjusted revenue per share for the three months ended in Mar. 2026 was MXN12.757. 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 MXN48.63 for the trailing ten years ended in Mar. 2026.

During the past 12 months, Itau Unibanco Holding's average Cyclically Adjusted Revenue Growth Rate was 4.10% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 5.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.10% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.70% 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 Itau Unibanco Holding was 10.60% per year. The lowest was 1.80% per year. And the median was 6.20% per year.

As of today (2026-07-19), Itau Unibanco Holding's current stock price is MXN156.00. Itau Unibanco Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN48.63. Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is 3.21.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Itau Unibanco Holding was 3.24. The lowest was 1.42. And the median was 2.09.


Itau Unibanco Holding  (MEX:ITUB N) 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.

Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=156.00/48.63
=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 Itau Unibanco Holding was 3.24. The lowest was 1.42. And the median was 2.09.


Be Aware

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


Itau Unibanco Holding Cyclically Adjusted Revenue per Share Related Terms


Itau Unibanco Holding Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Itau Unibanco Holding'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.

Itau Unibanco Holding Cyclically Adjusted Revenue per Share Chart

Itau Unibanco Holding 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 47.07 51.09 51.60 52.02 49.44

Itau Unibanco Holding 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 56.33 52.66 54.23 49.44 48.63

Itau Unibanco Holding Cyclically Adjusted Revenue per Share Competitor Comparison

For the Banks - Regional subindustry, Itau Unibanco Holding'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.


Itau Unibanco Holding Cyclically Adjusted PS Ratio vs Banks Industry

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

* The bar in red indicates where Itau Unibanco Holding's Cyclically Adjusted PS Ratio falls into.


MEX:ITUB N
59GF Score
Itau Unibanco Holding SA MEX:ITUB N
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Itau Unibanco Holding 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, Itau Unibanco Holding'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)
=12.757/175.0655*175.0655
=12.757

Current CPI (Mar. 2026) = 175.0655.

Itau Unibanco Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 14.818 108.851 23.832
201609 14.341 109.986 22.827
201612 15.494 110.802 24.480
201703 15.142 111.869 23.696
201706 12.444 112.115 19.431
201709 14.758 112.777 22.909
201712 12.989 114.068 19.935
201803 13.090 114.868 19.950
201806 9.270 117.038 13.866
201809 11.096 117.881 16.479
201812 12.304 118.340 18.202
201903 12.257 120.124 17.863
201906 12.167 120.977 17.607
201909 10.972 121.292 15.836
201912 13.241 123.436 18.779
202003 5.105 124.092 7.202
202006 9.069 123.557 12.850
202009 8.937 125.095 12.507
202012 14.261 129.012 19.352
202103 9.000 131.660 11.967
202106 11.236 133.871 14.694
202109 10.214 137.913 12.966
202112 10.964 141.992 13.518
202203 11.993 146.537 14.328
202206 12.125 149.784 14.172
202209 11.827 147.800 14.009
202212 11.505 150.207 13.409
202303 10.665 153.352 12.175
202306 12.308 154.519 13.945
202309 12.727 155.464 14.332
202312 9.851 157.148 10.974
202403 12.015 159.372 13.198
202406 12.286 161.052 13.355
202409 12.076 162.342 13.022
202412 12.241 164.740 13.008
202503 13.535 168.102 14.096
202506 11.632 169.670 12.002
202509 12.908 170.739 13.235
202512 11.741 171.765 11.967
202603 12.757 175.066 12.757

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 MXN48.63 mean?
Itau Unibanco Holding (MEX:ITUB N) has a Cyclically Adjusted Revenue per Share of MXN48.63 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 Itau Unibanco Holding and its competitors.
Is Itau Unibanco Holding's Cyclically Adjusted Revenue per Share too high?
Itau Unibanco Holding's current Cyclically Adjusted Revenue per Share is MXN48.63. Overall, Itau Unibanco Holding has a GF Score™ of 59/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Itau Unibanco Holding's Cyclically Adjusted Revenue per Share compare to competitors?
Itau Unibanco Holding's Cyclically Adjusted Revenue per Share of MXN48.63 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 Itau Unibanco Holding and its competitors. Itau Unibanco Holding's current Cyclically Adjusted Revenue per Share is MXN48.63. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Itau Unibanco Holding stock overvalued right now?
Based on GuruFocus' analysis, Itau Unibanco Holding (MEX:ITUB N) is currently considered Significantly Overvalued. The stock's GF Value™ is MXN103.13, compared to a current price of MXN156.00 — trading 51.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN48.63. Itau Unibanco Holding's overall GF Score™ is 59/100 with 9 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 Itau Unibanco Holding (MEX:ITUB N), the current Cyclically Adjusted Revenue per Share is MXN48.63 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 Itau Unibanco Holding (MEX:ITUB N) Overvalued in 2026?

Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued. The current stock price of MXN156.00 is trading 51.3% above its estimated GF Value™ of MXN103.13. GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.

Key valuation signals for MEX:ITUB N:

  • Cyclically Adjusted Revenue per Share: MXN48.63
  • GF Value™: MXN103.13 vs. price of MXN156.00 (51.3% above fair value)
  • GF Score™: 59/100 with 9 warning signs

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


Itau Unibanco Holding Business Description

Address Praca Alfredo Egydio de Souza Aranha, 100, Torre Olavo Setubal, Parque Jabaquara, Sao Paulo, SP, BRA, 04344-902
Itaú Unibanco is the largest privately held bank in Brazil, the result of the 2008 merger between Banco Itaú and Unibanco. In addition to Brazil, the bank has significant operations in Chile, Colombia, Argentina, Uruguay, and Paraguay. Itaú's commercial and consumer loans account for 35% and 43% of the bank's total loans, respectively, while foreign loans account for 22% of its portfolio as of the end of 2025. The bank also operates the fifth-largest insurer in Brazil and is the second-largest asset manager in the country, giving it broad reach over the Brazilian financial system.
59GF Score

Get the complete analysis for MEX:ITUB N

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

MXN156.00
Price
MXN103.13
GF Value