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Fiserv (BSP:F1IS34) Cyclically Adjusted PS Ratio : 7.54 (As of May. 25, 2024)


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What is Fiserv Cyclically Adjusted PS Ratio?

As of today (2024-05-25), Fiserv's current share price is R$387.80. Fiserv's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was R$51.45. Fiserv's Cyclically Adjusted PS Ratio for today is 7.54.

The historical rank and industry rank for Fiserv's Cyclically Adjusted PS Ratio or its related term are showing as below:

BSP:F1IS34' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.22   Med: 6.38   Max: 10.33
Current: 6.82

During the past years, Fiserv's highest Cyclically Adjusted PS Ratio was 10.33. The lowest was 3.22. And the median was 6.38.

BSP:F1IS34's Cyclically Adjusted PS Ratio is ranked worse than
84.43% of 1445 companies
in the Software industry
Industry Median: 1.85 vs BSP:F1IS34: 6.82

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.

Fiserv's adjusted revenue per share data for the three months ended in Mar. 2024 was R$20.441. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is R$51.45 for the trailing ten years ended in Mar. 2024.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiserv Cyclically Adjusted PS Ratio Historical Data

The historical data trend for Fiserv'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.

Fiserv Cyclically Adjusted PS Ratio Chart

Fiserv 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 9.77 8.51 6.54 5.43 6.28

Fiserv 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 5.84 6.29 5.45 6.28 7.25

Competitive Comparison of Fiserv's Cyclically Adjusted PS Ratio

For the Information Technology Services subindustry, Fiserv'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.


Fiserv's Cyclically Adjusted PS Ratio Distribution in the Software Industry

For the Software industry and Technology sector, Fiserv's Cyclically Adjusted PS Ratio distribution charts can be found below:

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



Fiserv 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.

Fiserv's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=387.80/51.45
=7.54

* 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.

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

For example, Fiserv'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)
=20.441/131.7762*131.7762
=20.441

Current CPI (Mar. 2024) = 131.7762.

Fiserv Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.764 100.560 3.622
201409 2.932 100.428 3.847
201412 3.519 99.070 4.681
201503 4.121 99.621 5.451
201506 4.200 100.684 5.497
201509 5.406 100.392 7.096
201512 5.728 99.792 7.564
201603 5.414 100.470 7.101
201606 5.171 101.688 6.701
201609 5.040 101.861 6.520
201612 5.454 101.863 7.056
201703 4.971 102.862 6.368
201706 5.280 103.349 6.732
201709 5.110 104.136 6.466
201712 5.877 104.011 7.446
201803 5.600 105.290 7.009
201806 6.430 106.317 7.970
201809 7.041 106.507 8.712
201812 7.436 105.998 9.244
201903 7.227 107.251 8.880
201906 7.295 108.070 8.895
201909 10.794 108.329 13.130
201912 11.948 108.420 14.522
202003 13.322 108.902 16.120
202006 13.203 108.767 15.996
202009 15.026 109.815 18.031
202012 14.468 109.897 17.348
202103 15.561 111.754 18.349
202106 15.141 114.631 17.406
202109 16.408 115.734 18.682
202112 18.124 117.630 20.304
202203 15.667 121.301 17.020
202206 17.257 125.017 18.190
202209 18.365 125.227 19.326
202212 19.019 125.222 20.014
202303 18.758 127.348 19.410
202306 18.640 128.729 19.081
202309 19.717 129.860 20.008
202312 19.987 129.419 20.351
202403 20.441 131.776 20.441

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.


Fiserv  (BSP:F1IS34) 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.


Fiserv Cyclically Adjusted PS Ratio Related Terms

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


Fiserv (BSP:F1IS34) Business Description

Industry
Traded in Other Exchanges
Address
255 Fiserv Drive, Brookfield, WI, USA, 53045
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for U.S. banks and credit unions, with a focus on small and midsize banks. Through the merger with First Data in 2019, Fiserv also provides payment processing services for merchants. About 10% of the company's revenue is generated internationally.

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