GURUFOCUS.COM » STOCK LIST » Technology » Software » Fiserv Inc (NYSE:FI) » Definitions » Cyclically Adjusted PS Ratio

Fiserv (Fiserv) Cyclically Adjusted PS Ratio : 7.19 (As of Apr. 29, 2024)


View and export this data going back to 1986. Start your Free Trial

What is Fiserv Cyclically Adjusted PS Ratio?

As of today (2024-04-29), Fiserv's current share price is $155.89. Fiserv's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2024 was $21.67. Fiserv's Cyclically Adjusted PS Ratio for today is 7.19.

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

FI' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 3.22   Med: 6.34   Max: 10.33
Current: 7.2

During the past years, Fiserv's highest Cyclically Adjusted PS Ratio was 10.33. The lowest was 3.22. And the median was 6.34.

FI's Cyclically Adjusted PS Ratio is ranked worse than
85.55% of 1412 companies
in the Software industry
Industry Median: 1.87 vs FI: 7.20

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 $8.209. 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 $21.67 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 7.38

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
=155.89/21.67
=7.19

* 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)
=8.209/129.4194*129.4194
=8.209

Current CPI (Mar. 2024) = 129.4194.

Fiserv Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201406 2.472 100.560 3.181
201409 2.508 100.428 3.232
201412 2.664 99.070 3.480
201503 2.623 99.621 3.408
201506 2.700 100.684 3.471
201509 2.770 100.392 3.571
201512 2.952 99.792 3.828
201603 2.928 100.470 3.772
201606 3.021 101.688 3.845
201609 3.098 101.861 3.936
201612 3.252 101.863 4.132
201703 3.179 102.862 4.000
201706 3.205 103.349 4.013
201709 3.263 104.136 4.055
201712 3.567 104.011 4.438
201803 3.416 105.290 4.199
201806 3.410 106.317 4.151
201809 3.427 106.507 4.164
201812 3.830 105.998 4.676
201903 3.763 107.251 4.541
201906 3.784 108.070 4.532
201909 5.240 108.329 6.260
201912 5.822 108.420 6.950
202003 5.453 108.902 6.480
202006 5.090 108.767 6.056
202009 5.565 109.815 6.558
202012 5.625 109.897 6.624
202103 5.523 111.754 6.396
202106 6.022 114.631 6.799
202109 6.216 115.734 6.951
202112 6.410 117.630 7.052
202203 6.296 121.301 6.717
202206 6.838 125.017 7.079
202209 7.005 125.227 7.240
202212 7.252 125.222 7.495
202303 7.203 127.348 7.320
202306 7.681 128.729 7.722
202309 7.985 129.860 7.958
202312 8.158 129.419 8.158
202403 8.209 129.419 8.209

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  (NYSE:FI) 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 (Fiserv) 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.
Executives
Suzan Kereere officer: EVP, Head of GBS 255 FISERV DRIVE, BROOKFIELD WI 53045
Robert W. Hau officer: Chief Financial Officer 255 FISERV DRIVE, BROOKFIELD WI 53045
Christopher M Foskett officer: EVP, Global Sales C/O VERISK ANALYTICS, INC., 545 WASHINGTON BOULEVARD, JERSEY CITY NJ 07310-1686
Guy Chiarello officer: Chief Administrative Officer 225 LIBERTY STREET, 29TH FLOOR, NEW YORK NY 10281
Kenneth Best officer: Chief Accounting Officer 255 FISERV DRIVE, BROOKFIELD WI 53045
Charlotte Yarkoni director 255 FISERV DRIVE, BROOKFIELD WI 53045
Valueact Capital Master Fund, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Harry Disimone director 18 HICKORY DRIVE, OLD BROOKVILLE NY 11545
Valueact Capital Management, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Holdings Ii, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129
Valueact Capital Management, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Va Partners I, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Holdings Gp, Llc director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Valueact Holdings, L.p. director, other: See Remarks ONE LETTERMAN DRIVE, BUILDING D, 4TH FLOOR, SAN FRANCISCO CA 94129
Dylan G. Haggart director ONE LETTERMAN DRIVE, BUILDING D, FOURTH FLOOR, SAN FRANCISCO CA 94129

Fiserv (Fiserv) Headlines

From GuruFocus

Q3 2023 Fiserv Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2023 Fiserv Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Q2 2022 Fiserv Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Fiserv Inc at Citi FinTech Conference (Virtual) Transcript

By GuruFocus Research 01-23-2024

Q1 2022 Fiserv Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Fiserv Inc Investor Conference Transcript

By GuruFocus Research 01-23-2024

Q3 2021 Fiserv Inc Earnings Call Transcript

By GuruFocus Research 01-23-2024

Fiserv Inc at Wolfe Research FinTech Forum Transcript

By GuruFocus Research 01-23-2024