Manulife Financial (MEX:MFCN) Cyclically Adjusted Revenue per Share: MXN318.43 (As of Jun. 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:MFCN Manulife Financial Corp MEX:MFCN
71 GF Score
Price MXN574.00
GF Value MXN433.80
! 8 Warning Signs
View Full Analysis

What is Manulife Financial Cyclically Adjusted Revenue per Share?

Manulife Financial MEX:MFCN 71 Cyclically Adjusted Revenue per Share is MXN318.43 as of Jun. 2026. GuruFocus rates MEX:MFCN with a GF Score™ of 71/100 and a GF Value™ of MXN433.80. The stock has 8 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.

Manulife Financial's adjusted revenue per share for the three months ended in Jun. 2026 was MXN146.721. 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 MXN318.43 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Manulife Financial's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 3.70% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 3.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 4.00% 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 Manulife Financial was 5.90% per year. The lowest was -0.70% per year. And the median was 2.70% per year.

As of today (2026-08-09), Manulife Financial's current stock price is MXN574.00. Manulife Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was MXN318.43. Manulife Financial's Cyclically Adjusted PS Ratio of today is 1.80.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manulife Financial was 1.94. The lowest was 0.55. And the median was 0.98.


Manulife Financial  (MEX:MFCN) 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.

Manulife Financial's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=574.00/318.43
=1.80

* 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 Manulife Financial was 1.94. The lowest was 0.55. And the median was 0.98.


Be Aware

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


Manulife Financial Cyclically Adjusted Revenue per Share Related Terms


Manulife Financial Cyclically Adjusted Revenue per Share Historical Data

* Premium members only.

The historical data trend for Manulife Financial'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.

Manulife Financial Cyclically Adjusted Revenue per Share Chart

Manulife Financial 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 447.19 392.52 345.93 449.94 368.54

Manulife Financial 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 448.56 425.34 368.54 380.43 318.43

MEX:MFCN vs AFL, MET, PRU: Cyclically Adjusted Revenue per Share Comparison

For the Insurance - Life subindustry, Manulife Financial'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.


Manulife Financial Cyclically Adjusted PS Ratio vs Insurance Industry

For the Insurance industry and Financial Services sector, Manulife Financial's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


MEX:MFCN
71GF Score
Manulife Financial Corp MEX:MFCN
Cyclically Adjusted Revenue per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Manulife Financial 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, Manulife Financial'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)
=146.721/133.5265*133.5265
=146.721

Current CPI (Jun. 2026) = 133.5265.

Manulife Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 105.003 101.765 137.776
201612 -30.717 101.449 -40.430
201703 93.288 102.634 121.368
201706 110.982 103.029 143.834
201709 85.910 103.345 111.000
201712 121.808 103.345 157.382
201803 58.902 105.004 74.902
201806 99.754 105.557 126.186
201809 55.153 105.636 69.715
201812 59.095 105.399 74.865
201903 170.539 106.979 212.859
201906 160.074 107.690 198.478
201909 169.360 107.611 210.146
201912 77.951 107.769 96.582
202003 169.665 107.927 209.908
202006 237.714 108.401 292.811
202009 111.613 108.164 137.784
202012 138.936 108.559 170.889
202103 -17.367 110.298 -21.025
202106 211.640 111.720 252.950
202109 129.537 112.905 153.196
202112 173.780 113.774 203.950
202203 50.543 117.646 57.366
202206 36.463 120.806 40.302
202209 74.021 120.648 81.922
202212 31.301 120.964 34.552
202303 88.258 122.702 96.044
202306 83.105 124.203 89.343
202309 63.761 125.230 67.985
202312 65.893 125.072 70.347
202403 85.020 126.258 89.915
202406 94.144 127.522 98.577
202409 118.998 127.285 124.833
202412 53.525 127.364 56.115
202503 96.293 129.181 99.532
202506 123.849 129.892 127.314
202509 134.933 130.287 138.288
202512 66.569 130.366 68.183
202603 92.794 132.262 93.681
202606 146.721 133.527 146.721

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 MXN318.43 mean?
Manulife Financial (MEX:MFCN) has a Cyclically Adjusted Revenue per Share of MXN318.43 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 Manulife Financial and its competitors.
Is Manulife Financial's Cyclically Adjusted Revenue per Share too high?
Manulife Financial's current Cyclically Adjusted Revenue per Share is MXN318.43. Overall, Manulife Financial has a GF Score™ of 71/100, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's Cyclically Adjusted Revenue per Share compare to AFL and MET?
Manulife Financial's Cyclically Adjusted Revenue per Share of MXN318.43 can be compared against companies in the Insurance 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 an Insurance company?
A good Cyclically Adjusted Revenue per Share depends on the Insurance 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 Manulife Financial and its competitors. Manulife Financial's current Cyclically Adjusted Revenue per Share is MXN318.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Manulife Financial stock overvalued right now?
Manulife Financial (MEX:MFCN) has a current Cyclically Adjusted Revenue per Share of MXN318.43. The stock's GF Value™ is MXN433.80, compared to a current price of MXN574.00 — trading 32.3% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is MXN318.43. Manulife Financial's overall GF Score™ is 71/100 with 8 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 Manulife Financial (MEX:MFCN), the current Cyclically Adjusted Revenue per Share is MXN318.43 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 Manulife Financial (MEX:MFCN) Overvalued in 2026?

Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued. The current stock price of MXN574.00 is trading 32.3% above its estimated GF Value™ of MXN433.80.

Key valuation signals for MEX:MFCN:

  • Cyclically Adjusted Revenue per Share: MXN318.43
  • GF Value™: MXN433.80 vs. price of MXN574.00 (32.3% above fair value)
  • GF Score™: 71/100 with 8 warning signs

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


Manulife Financial Business Description

Address 200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Manulife Financial is one of the Big Three Canadian life insurers. The firm provides life insurance, annuities, asset management, and wealth management products to individuals and group customers in Canada, the United States, and Asia. The Canadian business segment contributes approximately 21% of 2025 adjusted earnings. The Asia segment operates across 12 countries and contributes around 38% of earnings, with a significant presence in Hong Kong and Singapore. The US business, which primarily operates under the John Hancock brand, contributes about 16% of earnings. Manulife's global asset and wealth management business contributes approximately 25% of its earnings and had around CAD 1.1 trillion in assets under management and administration as of the end of 2025.
71GF Score

Get the complete analysis for MEX:MFCN

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

MXN574.00
Price
MXN433.80
GF Value