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Fiserv (FRA:FIV) Cyclically Adjusted PS Ratio : 6.78 (As of May. 28, 2024)


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What is Fiserv Cyclically Adjusted PS Ratio?

As of today (2024-05-28), Fiserv's current share price is €138.02. Fiserv's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was €20.37. Fiserv's Cyclically Adjusted PS Ratio for today is 6.78.

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

FRA:FIV' 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.

FRA:FIV's Cyclically Adjusted PS Ratio is ranked worse than
84.78% of 1445 companies
in the Software industry
Industry Median: 1.84 vs FRA:FIV: 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 €7.553. 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 €20.37 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
=138.02/20.37
=6.78

* 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)
=7.553/131.7762*131.7762
=7.553

Current CPI (Mar. 2024) = 131.7762.

Fiserv Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 1.820 100.560 2.385
201409 1.946 100.428 2.553
201412 2.160 99.070 2.873
201503 2.424 99.621 3.206
201506 2.405 100.684 3.148
201509 2.468 100.392 3.240
201512 2.710 99.792 3.579
201603 2.629 100.470 3.448
201606 2.689 101.688 3.485
201609 2.761 101.861 3.572
201612 3.083 101.863 3.988
201703 2.972 102.862 3.807
201706 2.852 103.349 3.636
201709 2.737 104.136 3.463
201712 3.014 104.011 3.819
201803 2.770 105.290 3.467
201806 2.919 106.317 3.618
201809 2.937 106.507 3.634
201812 3.366 105.998 4.185
201903 3.331 107.251 4.093
201906 3.349 108.070 4.084
201909 4.758 108.329 5.788
201912 5.240 108.420 6.369
202003 4.935 108.902 5.972
202006 4.520 108.767 5.476
202009 4.725 109.815 5.670
202012 4.623 109.897 5.543
202103 4.639 111.754 5.470
202106 4.998 114.631 5.746
202109 5.284 115.734 6.016
202112 5.673 117.630 6.355
202203 5.717 121.301 6.211
202206 6.469 125.017 6.819
202209 7.075 125.227 7.445
202212 6.846 125.222 7.204
202303 6.727 127.348 6.961
202306 7.089 128.729 7.257
202309 7.482 129.860 7.592
202312 7.481 129.419 7.617
202403 7.553 131.776 7.553

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  (FRA:FIV) 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 (FRA:FIV) Business Description

Industry
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.

Fiserv (FRA:FIV) Headlines

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