Manulife Financial (PHS:MFC) Cyclically Adjusted Revenue per Share: ₱1,290.38 (As of Jun. 2026)

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PHS:MFC Manulife Financial Corp PHS:MFC
63 GF Score
Price ₱2,650.00
GF Value ₱1,908.74
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Manulife Financial Cyclically Adjusted Revenue per Share?

Manulife Financial PHS:MFC 63 Cyclically Adjusted Revenue per Share is ₱1,290.38 as of Jun. 2026. GuruFocus rates PHS:MFC with a GF Score™ of 63/100 and a GF Value™ of ₱1,908.74 (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.

Manulife Financial's adjusted revenue per share for the three months ended in Jun. 2026 was ₱527.385. 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 ₱1,290.38 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Manulife Financial's average Cyclically Adjusted Revenue Growth Rate was 1.50% 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 (2026-09-06), Manulife Financial's current stock price is ₱2650.00. Manulife Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was ₱1,290.38. Manulife Financial's Cyclically Adjusted PS Ratio of today is 2.05.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manulife Financial was 1.95. The lowest was 0.55. And the median was 0.99.


Manulife Financial  (PHS:MFC) 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
=2650.00/1290.38
=2.05

* 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 1.95. The lowest was 0.55. And the median was 0.99.


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 1,082.33 1,093.71 1,189.82 1,372.49 1,207.06

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 1,193.28 1,370.86 1,207.06 1,269.21 1,290.38

PHS:MFC vs MET, AFL, 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.


PHS:MFC
63GF Score
Manulife Financial Corp PHS:MFC
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)
=527.385/133.5265*133.5265
=527.385

Current CPI (Jun. 2026) = 133.5265.

Manulife Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 340.606 101.765 446.913
201612 -93.446 101.449 -122.994
201703 310.744 102.634 404.278
201706 385.085 103.029 499.075
201709 296.906 103.345 383.617
201712 389.000 103.345 502.607
201803 203.347 105.004 258.583
201806 318.409 105.557 402.778
201809 184.933 105.636 233.760
201812 188.768 105.399 239.144
201903 551.406 106.979 688.240
201906 522.665 107.690 648.059
201909 538.054 107.611 667.629
201912 259.229 107.769 321.186
202003 453.829 107.927 561.472
202006 645.930 108.401 795.643
202009 316.887 108.164 391.190
202012 438.069 108.559 538.819
202103 -53.287 110.298 -64.509
202106 666.837 111.720 796.998
202109 395.125 112.905 467.293
202112 531.319 113.774 623.562
202203 159.212 117.646 180.704
202206 113.678 120.806 125.648
202209 230.803 120.648 255.440
202212 100.698 120.964 111.156
202303 307.104 122.702 334.196
202306 304.036 124.203 326.858
202309 229.584 125.230 244.793
202312 243.476 125.072 259.933
202403 321.303 126.258 339.801
202406 322.309 127.522 337.486
202409 379.047 127.285 397.635
202412 160.966 127.364 168.755
202503 295.210 129.181 305.141
202506 412.538 129.892 424.081
202509 461.344 130.287 472.815
202512 231.883 130.366 237.504
202603 322.748 132.262 325.833
202606 527.385 133.527 527.385

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 ₱1,290.38 mean?
Manulife Financial (PHS:MFC) has a Cyclically Adjusted Revenue per Share of ₱1,290.38 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 ₱1,290.38. Overall, Manulife Financial has a GF Score™ of 63/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Manulife Financial's Cyclically Adjusted Revenue per Share compare to MET and AFL?
Manulife Financial's Cyclically Adjusted Revenue per Share of ₱1,290.38 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 ₱1,290.38. 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?
Based on GuruFocus' analysis, Manulife Financial (PHS:MFC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₱1,908.74, compared to a current price of ₱2,650.00 — trading 38.8% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is ₱1,290.38. Manulife Financial's overall GF Score™ is 63/100 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 Manulife Financial (PHS:MFC), the current Cyclically Adjusted Revenue per Share is ₱1,290.38 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 (PHS:MFC) Overvalued in 2026?

Based on GuruFocus' analysis, Manulife Financial stock appears to be overvalued. The current stock price of ₱2,650.00 is trading 38.8% above its estimated GF Value™ of ₱1,908.74. GuruFocus considers Manulife Financial to be Significantly Overvalued.

Key valuation signals for PHS:MFC:

  • Cyclically Adjusted Revenue per Share: ₱1,290.38
  • GF Value™: ₱1,908.74 vs. price of ₱2,650.00 (38.8% above fair value)
  • GF Score™: 63/100 with 9 warning signs

No single metric tells the full story. See the PHS:MFC 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.
63GF Score

Get the complete analysis for PHS:MFC

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

₱2,650.00
Price
₱1,908.74
GF Value