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Manulife Financial (PHS:MFC) Cyclically Adjusted Revenue per Share : ₱1,082.60 (As of Mar. 2025)


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What is Manulife Financial Cyclically Adjusted Revenue per Share?

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 Mar. 2025 was ₱267.970. 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 ₱1,082.60 for the trailing ten years ended in Mar. 2025.

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 3.10% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 4.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 3.50% 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 5.80% per year. The lowest was -0.60% per year. And the median was 2.60% per year.

As of today (2025-06-24), Manulife Financial's current stock price is ₱1650.00. Manulife Financial's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was ₱1,082.60. Manulife Financial's Cyclically Adjusted PS Ratio of today is 1.52.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Manulife Financial was 1.49. The lowest was 0.55. And the median was 0.94.


Manulife Financial Cyclically Adjusted Revenue per Share Historical Data

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.

* Premium members only.

Manulife Financial Cyclically Adjusted Revenue per Share Chart

Manulife Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 959.02 1,082.33 1,092.57 1,187.50 1,367.96

Manulife Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
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 1,138.04 1,227.24 1,162.25 1,367.96 1,082.60

Competitive Comparison of Manulife Financial's Cyclically Adjusted Revenue per Share

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's Cyclically Adjusted PS Ratio Distribution in the 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.


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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 Mar. 2025 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=267.97/129.1809*129.1809
=267.970

Current CPI (Mar. 2025) = 129.1809.

Manulife Financial Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 17.197 100.500 22.105
201509 145.485 100.421 187.150
201512 208.341 99.947 269.279
201603 464.747 101.054 594.105
201606 451.955 102.002 572.383
201609 309.177 101.765 392.472
201612 -84.824 101.449 -108.012
201703 282.071 102.634 355.031
201706 349.551 103.029 438.279
201709 269.510 103.345 336.888
201712 353.105 103.345 441.381
201803 184.583 105.004 227.083
201806 289.028 105.557 353.713
201809 167.868 105.636 205.284
201812 171.350 105.399 210.013
201903 500.526 106.979 604.402
201906 474.437 107.690 569.115
201909 488.406 107.611 586.302
201912 235.309 107.769 282.060
202003 411.952 107.927 493.076
202006 586.327 108.401 698.720
202009 287.647 108.164 343.538
202012 397.646 108.559 473.181
202103 -48.370 110.298 -56.651
202106 605.306 111.720 699.912
202109 358.666 112.905 410.370
202112 482.292 113.774 547.602
202203 144.521 117.646 158.692
202206 103.188 120.806 110.342
202209 209.506 120.648 224.324
202212 79.343 120.964 84.733
202303 278.766 122.702 293.485
202306 275.981 124.203 287.041
202309 208.400 125.230 214.974
202312 207.534 125.072 214.351
202403 291.655 126.258 298.408
202406 292.568 127.522 296.375
202409 344.850 127.285 349.987
202412 131.288 127.364 133.161
202503 267.970 129.181 267.970

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


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
=1650.00/1082.60
=1.52

* 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 1.49. The lowest was 0.55. And the median was 0.94.


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

Thank you for viewing the detailed overview of Manulife Financial's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Manulife Financial Business Description

Industry
Address
200 Bloor Street East, Toronto, ON, CAN, M4W 1E5
Manulife Financial provides life insurance, annuities, and asset management products to individuals and group customers in Canada, the United States, and Asia. Its investment management business contributes approximately 20% of its earnings and has around CAD 1.05 trillion in assets under management and administration as of the end of 2023. The US business, which primarily operates under the John Hancock brand, contributes about 27% of earnings and is mainly focused on providing insurance products for estate, business, and income protection. The Asia segment provides insurance products and insurance-based wealth accumulation products in over 11 countries and contributes around 30% of earnings. The Canadian business segment contributes approximately 23% of earnings.