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Mastercard (MIC:MA-RM) Cyclically Adjusted PS Ratio : (As of May. 18, 2024)


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What is Mastercard Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mastercard Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Mastercard's Cyclically Adjusted PS Ratio 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.

Mastercard Cyclically Adjusted PS Ratio Chart

Mastercard Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 30.83 32.92 27.85 22.75 24.28

Mastercard Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted PS Ratio 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 22.79 23.76 23.08 24.28 26.29

Competitive Comparison of Mastercard's Cyclically Adjusted PS Ratio

For the Credit Services subindustry, Mastercard'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.


Mastercard's Cyclically Adjusted PS Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mastercard's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where Mastercard's Cyclically Adjusted PS Ratio falls into.



Mastercard Cyclically Adjusted PS Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PS Ratio takes the Revenue per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/S calculation. Because it considers this 10-year average, it's often referred to as the CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio.

Mastercard's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 is calculated as:

For example, Mastercard'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)
=621.228/131.7762*131.7762
=621.228

Current CPI (Mar. 2024) = 131.7762.

Mastercard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 68.320 100.560 89.529
201409 84.414 100.428 110.764
201412 117.557 99.070 156.367
201503 111.355 99.621 147.297
201506 116.569 100.684 152.567
201509 146.731 100.392 192.602
201512 162.971 99.792 215.204
201603 148.872 100.470 195.259
201606 156.147 101.688 202.349
201609 165.305 101.861 213.853
201612 152.290 101.863 197.012
201703 141.461 102.862 181.225
201706 168.753 103.349 215.170
201709 184.185 104.136 233.073
201712 179.368 104.011 227.249
201803 193.917 105.290 242.699
201806 219.529 106.317 272.099
201809 244.927 106.507 303.038
201812 254.978 105.998 316.988
201903 244.603 107.251 300.538
201906 253.029 108.070 308.535
201909 276.425 108.329 336.254
201912 270.030 108.420 328.200
202003 315.914 108.902 382.272
202006 231.508 108.767 280.482
202009 301.482 109.815 361.774
202012 307.031 109.897 368.158
202103 316.013 111.754 372.630
202106 334.835 114.631 384.914
202109 367.943 115.734 418.943
202112 391.121 117.630 438.159
202203 552.903 121.301 600.650
202206 355.533 125.017 374.756
202209 358.543 125.227 377.296
202212 370.063 125.222 389.433
202303 452.393 127.348 468.125
202306 536.128 128.729 548.820
202309 668.022 129.860 677.882
202312 630.551 129.419 642.034
202403 621.228 131.776 621.228

Add all the adjusted revenue per share together and divide 10 will get our 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.


Mastercard  (MIC:MA-RM) Cyclically Adjusted PS Ratio Explanation

Compared with the regular PS Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PS Ratio smoothed out the fluctuations of revenue during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PS Ratio should give similar results to regular PS Ratio.


Mastercard Cyclically Adjusted PS Ratio Related Terms

Thank you for viewing the detailed overview of Mastercard's Cyclically Adjusted PS Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Mastercard (MIC:MA-RM) Business Description

Address
2000 Purchase Street, Purchase, NY, USA, 10577
Mastercard is the second-largest payment processor in the world, having processed close to over $8 trillion in transactions during 2022. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.

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