Itau Unibanco Holding (STU:BVXB) Cyclically Adjusted Revenue per Share: €2.34 (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.

STU:BVXB Itau Unibanco Holding SA STU:BVXB
71 GF Score
Price €7.15
GF Value €4.94
Valuation Significantly Overvalued
! 8 Warning Signs
View Full Analysis

What is Itau Unibanco Holding Cyclically Adjusted Revenue per Share?

Itau Unibanco Holding STU:BVXB +1.42% 71 Cyclically Adjusted Revenue per Share is €2.34 as of Jun. 2026. GuruFocus rates STU:BVXB with a GF Score™ of 71/100 and a GF Value™ of €4.94 (Significantly Overvalued). 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.

Itau Unibanco Holding's adjusted revenue per share for the three months ended in Jun. 2026 was €0.668. 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 €2.34 for the trailing ten years ended in Jun. 2026.

During the past 12 months, Itau Unibanco Holding'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 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 (2026-08-06), Itau Unibanco Holding's current stock price is €7.15. Itau Unibanco Holding's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 was €2.34. Itau Unibanco Holding's Cyclically Adjusted PS Ratio of today is 3.06.

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  (STU:BVXB) 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
=7.15/2.34
=3.06

* 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 1.96 2.41 2.76 2.38 2.31

Itau Unibanco Holding 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 2.39 2.52 2.31 2.43 2.34

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.


STU:BVXB
71GF Score
Itau Unibanco Holding SA STU:BVXB
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 Jun. 2026 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=0.668/177.5443*177.5443
=0.668

Current CPI (Jun. 2026) = 177.5443.

Itau Unibanco Holding Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 0.661 109.986 1.067
201612 0.712 110.802 1.141
201703 0.752 111.869 1.193
201706 0.613 112.115 0.971
201709 0.682 112.777 1.074
201712 0.559 114.068 0.870
201803 0.584 114.868 0.903
201806 0.404 117.038 0.613
201809 0.508 117.881 0.765
201812 0.551 118.340 0.827
201903 0.559 120.124 0.826
201906 0.561 120.977 0.823
201909 0.505 121.292 0.739
201912 0.632 123.436 0.909
202003 0.197 124.092 0.282
202006 0.349 123.557 0.501
202009 0.343 125.095 0.487
202012 0.589 129.012 0.811
202103 0.370 131.660 0.499
202106 0.468 133.871 0.621
202109 0.422 137.913 0.543
202112 0.473 141.992 0.591
202203 0.547 146.537 0.663
202206 0.570 149.784 0.676
202209 0.594 147.800 0.714
202212 0.557 150.207 0.658
202303 0.553 153.352 0.640
202306 0.663 154.519 0.762
202309 0.685 155.464 0.782
202312 0.532 157.148 0.601
202403 0.666 159.372 0.742
202406 0.623 161.052 0.687
202409 0.553 162.342 0.605
202412 0.561 164.740 0.605
202503 0.612 168.102 0.646
202506 0.535 169.670 0.560
202509 0.600 170.739 0.624
202512 0.557 171.765 0.576
202603 0.612 175.066 0.621
202606 0.668 177.544 0.668

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 €2.34 mean?
Itau Unibanco Holding (STU:BVXB) has a Cyclically Adjusted Revenue per Share of €2.34 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 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 €2.34. Overall, Itau Unibanco Holding has a GF Score™ of 71/100 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 €2.34 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 €2.34. 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 (STU:BVXB) is currently considered Significantly Overvalued. The stock's GF Value™ is €4.94, compared to a current price of €7.15 — trading 44.7% above its estimated fair value. The current Cyclically Adjusted Revenue per Share is €2.34. Itau Unibanco Holding'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 Itau Unibanco Holding (STU:BVXB), the current Cyclically Adjusted Revenue per Share is €2.34 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 Itau Unibanco Holding (STU:BVXB) Overvalued in 2026?

Based on GuruFocus' analysis, Itau Unibanco Holding stock appears to be overvalued. The current stock price of €7.15 is trading 44.7% above its estimated GF Value™ of €4.94. GuruFocus considers Itau Unibanco Holding to be Significantly Overvalued.

Key valuation signals for STU:BVXB:

  • Cyclically Adjusted Revenue per Share: €2.34
  • GF Value™: €4.94 vs. price of €7.15 (44.7% above fair value)
  • GF Score™: 71/100 with 8 warning signs

No single metric tells the full story. See the STU:BVXB 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.
71GF Score

Get the complete analysis for STU:BVXB

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

€7.15
Price
€4.94
GF Value