MARA Holdings (MEX:MARA) Cyclically Adjusted Revenue per Share: MXN105.31 (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
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.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
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.

MEX:MARA MARA Holdings Inc MEX:MARA
54 GF Score
Price MXN199.20
GF Value MXN297.93
Valuation Possible Value Trap
! 7 Warning Signs
View Full Analysis

What is MARA Holdings Cyclically Adjusted Revenue per Share?

MARA Holdings MEX:MARA -6.45% 54 Cyclically Adjusted Revenue per Share is MXN105.31 as of Mar. 2026. GuruFocus rates MEX:MARA with a GF Score™ of 54/100 and a GF Value™ of MXN297.93 (Possible Value Trap). The stock has 7 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.

MARA Holdings's adjusted revenue per share for the three months ended in Mar. 2026 was MXN8.283. 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 MXN105.31 for the trailing ten years ended in Mar. 2026.

During the past 12 months, MARA Holdings's average Cyclically Adjusted Revenue Growth Rate was -26.60% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was -19.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was -12.80% 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 MARA Holdings was -3.80% per year. The lowest was -19.80% per year. And the median was -11.20% per year.

As of today (2026-07-17), MARA Holdings's current stock price is MXN199.20. MARA Holdings's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was MXN105.31. MARA Holdings's Cyclically Adjusted PS Ratio of today is 1.89.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of MARA Holdings was 6.23. The lowest was 0.15. And the median was 1.74.


MARA Holdings  (MEX:MARA) 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.

MARA Holdings's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=199.20/105.31
=1.89

* 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 MARA Holdings was 6.23. The lowest was 0.15. And the median was 1.74.


Be Aware

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


MARA Holdings Cyclically Adjusted Revenue per Share Related Terms


MARA Holdings Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for MARA Holdings'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.

MARA Holdings Cyclically Adjusted Revenue per Share Chart

MARA Holdings 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 248.29 224.93 190.15 177.45 108.61

MARA Holdings 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 163.88 148.97 129.35 108.61 105.31

MEX:MARA vs BGC, GLXY, VIRT: Cyclically Adjusted Revenue per Share Comparison

For the Capital Markets subindustry, MARA Holdings'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.


MARA Holdings Cyclically Adjusted PS Ratio vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, MARA Holdings's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where MARA Holdings's Cyclically Adjusted PS Ratio falls into.


MEX:MARA
54GF Score
MARA Holdings Inc MEX:MARA
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MARA Holdings 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, MARA Holdings'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)
=8.283/330.2130*330.2130
=8.283

Current CPI (Mar. 2026) = 330.2130.

MARA Holdings Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 633.984 241.018 868.606
201609 0.884 241.428 1.209
201612 3.678 241.432 5.030
201703 1.233 243.801 1.670
201706 4.730 244.955 6.376
201709 1.886 246.819 2.523
201712 -0.753 246.524 -1.009
201803 1.146 249.554 1.516
201806 2.703 251.989 3.542
201809 1.043 252.439 1.364
201812 0.913 251.233 1.200
201903 0.707 254.202 0.918
201906 1.077 256.143 1.388
201909 0.998 256.759 1.284
201912 0.688 256.974 0.884
202003 1.604 258.115 2.052
202006 0.405 257.797 0.519
202009 0.585 260.280 0.742
202012 0.641 260.474 0.813
202103 1.944 264.877 2.424
202106 5.868 271.696 7.132
202109 10.547 274.310 12.696
202112 13.784 278.802 16.326
202203 9.989 287.504 11.473
202206 4.582 296.311 5.106
202209 2.190 296.808 2.436
202212 4.418 296.797 4.915
202303 5.454 301.836 5.967
202306 8.320 305.109 9.005
202309 9.276 307.789 9.952
202312 10.817 306.746 11.645
202403 10.233 312.332 10.819
202406 9.541 314.175 10.028
202409 8.789 315.301 9.205
202412 11.195 315.605 11.713
202503 12.716 319.799 13.130
202506 10.185 322.561 10.427
202509 9.849 324.800 10.013
202512 9.600 324.054 9.782
202603 8.283 330.213 8.283

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 MXN105.31 mean?
MARA Holdings (MEX:MARA) has a Cyclically Adjusted Revenue per Share of MXN105.31 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 MARA Holdings and its competitors.
Is MARA Holdings' Cyclically Adjusted Revenue per Share too high?
MARA Holdings' current Cyclically Adjusted Revenue per Share is MXN105.31. Overall, MARA Holdings has a GF Score™ of 54/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MARA Holdings' Cyclically Adjusted Revenue per Share compare to BGC and GLXY?
MARA Holdings' Cyclically Adjusted Revenue per Share of MXN105.31 can be compared against companies in the Capital Markets 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 Capital Markets company?
A good Cyclically Adjusted Revenue per Share depends on the Capital Markets 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 MARA Holdings and its competitors. MARA Holdings's current Cyclically Adjusted Revenue per Share is MXN105.31. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MARA Holdings stock overvalued right now?
Based on GuruFocus' analysis, MARA Holdings (MEX:MARA) is currently considered Possible Value Trap. The stock's GF Value™ is MXN297.93, compared to a current price of MXN199.20 — trading 33.1% below its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN105.31. MARA Holdings' overall GF Score™ is 54/100 with 7 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 MARA Holdings (MEX:MARA), the current Cyclically Adjusted Revenue per Share is MXN105.31 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 MARA Holdings (MEX:MARA) Overvalued in 2026?

Based on GuruFocus' analysis, MARA Holdings stock appears to be undervalued. The current stock price of MXN199.20 is trading 33.1% below its estimated GF Value™ of MXN297.93. GuruFocus considers MARA Holdings to be Possible Value Trap.

Key valuation signals for MEX:MARA:

  • Cyclically Adjusted Revenue per Share: MXN105.31
  • GF Value™: MXN297.93 vs. price of MXN199.20 (33.1% below fair value)
  • GF Score™: 54/100 with 7 warning signs

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


MARA Holdings Business Description

Address 1010 South Federal Highway, Suite 2700, Hallandale Beach, FL, USA, 33301
MARA Holdings Inc leverages digital asset computing to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value. The company also offers technology solutions to optimize data center operations, including next-generation liquid immersion cooling and firmware for Bitcoin miners. It is focused on computing for, acquiring, and holding digital assets as a long-term investment.
54GF Score

Get the complete analysis for MEX:MARA

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

MXN199.20
Price
MXN297.93
GF Value