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M&T Bank (FRA:MTZ) Cyclically Adjusted Revenue per Share : €46.48 (As of Mar. 2024)


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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. 2024 was €12.306. 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 €46.48 for the trailing ten years ended in Mar. 2024.

During the past 12 months, M&T Bank's average Cyclically Adjusted Revenue Growth Rate was 5.50% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 7.50% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 6.90% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 5.20% 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 (2024-06-10), M&T Bank's current stock price is €133.00. M&T Bank's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €46.48. M&T Bank's Cyclically Adjusted PS Ratio of today is 2.86.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of M&T Bank was 5.77. The lowest was 2.21. And the median was 3.85.


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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.86 31.30 38.46 43.79 45.24

M&T Bank Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 43.83 44.95 46.71 45.24 46.48

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.



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. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=12.306/131.7762*131.7762
=12.306

Current CPI (Mar. 2024) = 131.7762.

M&T Bank Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 6.306 100.560 8.264
201409 6.603 100.428 8.664
201412 5.863 99.070 7.799
201503 7.654 99.621 10.125
201506 7.899 100.684 10.338
201509 7.566 100.392 9.931
201512 7.637 99.792 10.085
201603 7.294 100.470 9.567
201606 7.375 101.688 9.557
201609 7.708 101.861 9.972
201612 8.167 101.863 10.565
201703 8.213 102.862 10.522
201706 8.123 103.349 10.357
201709 7.835 104.136 9.915
201712 8.182 104.011 10.366
201803 7.811 105.290 9.776
201806 8.656 106.317 10.729
201809 8.921 106.507 11.038
201812 9.681 105.998 12.035
201903 9.951 107.251 12.227
201906 10.150 108.070 12.377
201909 10.634 108.329 12.936
201912 10.469 108.420 12.724
202003 10.505 108.902 12.712
202006 9.995 108.767 12.109
202009 9.681 109.815 11.617
202012 9.864 109.897 11.828
202103 9.708 111.754 11.447
202106 9.379 114.631 10.782
202109 10.136 115.734 11.541
202112 10.180 117.630 11.404
202203 10.139 121.301 11.015
202206 10.522 125.017 11.091
202209 12.888 125.227 13.562
202212 12.844 125.222 13.516
202303 13.227 127.348 13.687
202306 13.193 128.729 13.505
202309 13.135 129.860 13.329
202312 12.542 129.419 12.770
202403 12.306 131.776 12.306

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


M&T Bank  (FRA:MTZ) 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
=133.00/46.48
=2.86

* 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 2.21. And the median was 3.85.


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 (FRA:MTZ) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » M&T Bank Corp (FRA:MTZ) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
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, 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.