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M&T Bank (XKAZ:MTB_KZ) Cyclically Adjusted Revenue per Share : $55.34 (As of Mar. 2025)


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What is M&T Bank 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.

M&T Bank's adjusted revenue per share for the three months ended in Mar. 2025 was $13.972. 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 $55.34 for the trailing ten years ended in Mar. 2025.

During the past 12 months, M&T Bank's average Cyclically Adjusted Revenue Growth Rate was 4.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 6.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.80% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.70% 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 M&T Bank was 10.90% per year. The lowest was 2.70% per year. And the median was 6.80% per year.

As of today (2025-07-22), M&T Bank's current stock price is $195.52. M&T Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2025 was $55.34. M&T Bank's Cyclically Adjusted PS Ratio of today is 3.53.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of M&T Bank was 5.77. The lowest was 2.20. And the median was 3.71.


M&T Bank Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for M&T Bank'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.

M&T Bank Cyclically Adjusted Revenue per Share Chart

M&T Bank 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 - - 46.19 50.29 52.65

M&T Bank Quarterly Data
Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25
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 50.59 50.46 52.65 55.34 -

Competitive Comparison of M&T Bank's Cyclically Adjusted Revenue per Share

For the Banks - Regional subindustry, M&T Bank'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.


M&T Bank's Cyclically Adjusted PS Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, M&T Bank's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where M&T Bank's Cyclically Adjusted PS Ratio falls into.


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M&T Bank 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, M&T Bank'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)
=13.972/134.9266*134.9266
=13.972

Current CPI (Mar. 2025) = 134.9266.

M&T Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201506 8.866 100.684 11.881
201509 8.491 100.392 11.412
201512 8.320 99.792 11.249
201603 8.122 100.470 10.907
201606 8.286 101.688 10.994
201609 8.650 101.861 11.458
201612 8.615 101.863 11.411
201703 8.784 102.862 11.522
201706 9.127 103.349 11.916
201709 9.338 104.136 12.099
201712 9.682 104.011 12.560
201803 9.632 105.290 12.343
201806 10.112 106.317 12.833
201809 10.410 106.507 13.188
201812 11.013 105.998 14.019
201903 11.244 107.251 14.146
201906 11.469 108.070 14.319
201909 11.712 108.329 14.588
201912 11.632 108.420 14.476
202003 11.608 108.902 14.382
202006 11.255 108.767 13.962
202009 11.403 109.815 14.011
202012 12.000 109.897 14.733
202103 11.557 111.754 13.953
202106 11.300 114.631 13.301
202109 11.924 115.734 13.901
202112 11.503 117.630 13.194
202203 11.166 121.301 12.420
202206 11.122 125.017 12.004
202209 12.760 125.227 13.748
202212 13.606 125.222 14.660
202303 14.162 127.348 15.005
202306 15.645 128.729 16.398
202309 14.018 129.860 14.565
202312 13.795 129.419 14.382
202403 13.526 131.776 13.849
202406 13.730 132.554 13.976
202409 13.917 133.029 14.116
202412 14.284 133.157 14.474
202503 13.972 134.927 13.972

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


M&T Bank  (XKAZ:MTB_KZ) 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.

M&T Bank's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=195.52/55.34
=3.53

* 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 M&T Bank was 5.77. The lowest was 2.20. And the median was 3.71.


Be Aware

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


M&T Bank Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of M&T Bank's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


M&T Bank Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » M&T Bank Corp (XKAZ:MTB_KZ) » Definitions » Cyclically Adjusted Revenue per Share
Address
One M&T Plaza, Buffalo, NY, USA, 14203
M&T Bank is one of the largest regional banks in the United States, with branches in New York, Pennsylvania, West Virginia, Virginia, Maryland, Delaware, Massachusetts, New Hampshire, Vermont, Maine, Connecticut, and New Jersey. The bank was founded to serve manufacturing and trading businesses around the Erie Canal and is primarily focused on commercial real estate and commercial-related lending, with some retail operations also present.

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