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Mastercard (FRA:M4I) Cyclically Adjusted Revenue per Share : €16.90 (As of Mar. 2024)


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What is Mastercard 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.

Mastercard's adjusted revenue per share for the three months ended in Mar. 2024 was €6.246. 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 €16.90 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Mastercard's average Cyclically Adjusted Revenue Growth Rate was 12.90% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 17.40% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.30% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 15.10% 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 Mastercard was 17.40% per year. The lowest was 10.70% per year. And the median was 14.95% per year.

As of today (2024-05-18), Mastercard's current stock price is €424.70. Mastercard's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €16.90. Mastercard's Cyclically Adjusted PS Ratio of today is 25.13.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mastercard was 35.89. The lowest was 13.78. And the median was 23.40.


Mastercard Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for Mastercard'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.

Mastercard Cyclically Adjusted Revenue per Share Chart

Mastercard 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 8.75 8.62 11.45 14.29 15.91

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 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 14.50 15.15 16.40 15.91 16.90

Competitive Comparison of Mastercard's Cyclically Adjusted Revenue per Share

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 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, 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)
=6.246/131.7762*131.7762
=6.246

Current CPI (Mar. 2024) = 131.7762.

Mastercard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.491 100.560 1.954
201409 1.666 100.428 2.186
201412 1.686 99.070 2.243
201503 1.789 99.621 2.366
201506 1.866 100.684 2.442
201509 1.990 100.392 2.612
201512 2.043 99.792 2.698
201603 1.975 100.470 2.590
201606 2.178 101.688 2.822
201609 2.335 101.861 3.021
201612 2.393 101.863 3.096
201703 2.363 102.862 3.027
201706 2.528 103.349 3.223
201709 2.669 104.136 3.377
201712 2.633 104.011 3.336
201803 2.747 105.290 3.438
201806 2.991 106.317 3.707
201809 3.203 106.507 3.963
201812 3.224 105.998 4.008
201903 3.335 107.251 4.098
201906 3.551 108.070 4.330
201909 3.980 108.329 4.841
201912 3.922 108.420 4.767
202003 3.592 108.902 4.346
202006 2.938 108.767 3.560
202009 3.241 109.815 3.889
202012 3.387 109.897 4.061
202103 3.497 111.754 4.124
202106 3.781 114.631 4.347
202109 4.280 115.734 4.873
202112 4.682 117.630 5.245
202203 4.783 121.301 5.196
202206 5.339 125.017 5.628
202209 6.006 125.227 6.320
202212 5.708 125.222 6.007
202303 5.616 127.348 5.811
202306 6.097 128.729 6.241
202309 6.491 129.860 6.587
202312 6.408 129.419 6.525
202403 6.246 131.776 6.246

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


Mastercard  (FRA:M4I) 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.

Mastercard's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=424.70/16.9
=25.13

* 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 Mastercard was 35.89. The lowest was 13.78. And the median was 23.40.


Be Aware

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


Mastercard Cyclically Adjusted Revenue per Share Related Terms

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


Mastercard (FRA:M4I) Business Description

Industry
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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