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Mastercard (Mastercard) Cyclically Adjusted Revenue per Share : $17.56 (As of Dec. 2023)


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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 Dec. 2023 was $6.988. 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 $17.56 for the trailing ten years ended in Dec. 2023.

During the past 12 months, Mastercard's average Cyclically Adjusted Revenue Growth Rate was 14.80% 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 (2024-04-27), Mastercard's current stock price is $462.42. Mastercard's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was $17.56. Mastercard's Cyclically Adjusted PS Ratio of today is 26.33.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mastercard was 35.89. The lowest was 13.47. And the median was 23.29.


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 9.68 10.84 12.90 15.29 17.56

Mastercard Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
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 15.29 15.95 16.55 17.15 17.56

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 Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=6.988/129.4194*129.4194
=6.988

Current CPI (Dec. 2023) = 129.4194.

Mastercard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 1.827 99.695 2.372
201406 2.026 100.560 2.607
201409 2.147 100.428 2.767
201412 2.078 99.070 2.715
201503 1.936 99.621 2.515
201506 2.095 100.684 2.693
201509 2.233 100.392 2.879
201512 2.225 99.792 2.886
201603 2.200 100.470 2.834
201606 2.447 101.688 3.114
201609 2.621 101.861 3.330
201612 2.524 101.863 3.207
201703 2.527 102.862 3.179
201706 2.840 103.349 3.556
201709 3.182 104.136 3.955
201712 3.116 104.011 3.877
201803 3.387 105.290 4.163
201806 3.494 106.317 4.253
201809 3.737 106.507 4.541
201812 3.668 105.998 4.478
201903 3.768 107.251 4.547
201906 4.013 108.070 4.806
201909 4.384 108.329 5.237
201912 4.357 108.420 5.201
202003 3.969 108.902 4.717
202006 3.309 108.767 3.937
202009 3.818 109.815 4.500
202012 4.120 109.897 4.852
202103 4.163 111.754 4.821
202106 4.555 114.631 5.143
202109 5.035 115.734 5.630
202112 5.290 117.630 5.820
202203 5.267 121.301 5.620
202206 5.644 125.017 5.843
202209 5.946 125.227 6.145
202212 6.047 125.222 6.250
202303 6.013 127.348 6.111
202306 6.606 128.729 6.641
202309 6.928 129.860 6.905
202312 6.988 129.419 6.988

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


Mastercard  (NYSE:MA) 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
=462.42/17.56
=26.33

* 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 13.47. And the median was 23.29.


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 (Mastercard) 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.
Executives
Ajay Bhalla officer: President Cyber & Intelligence 2000 PURCHASE STREET, PURCHASE NY 10577
Craig Vosburg officer: President, North America 2000 PURCHASE STREET, PURCHASE NY 10577
Edward Grunde Mclaughlin officer: President, Operations & Tech 2000 PURCHASE STREET, PURCHASE NY 10577
Foundation Mastercard 10 percent owner 250 YONGE STREET, SUITE 2400, TORONTO A6 M5B 2L7
Richard K Davis director 800 NICOLLET MALL, MINNEAPOLIS MN 55402
J. Mehra Sachin officer: Chief Financial Officer HESS CORPORATION, 1185 AVENUE OF THE AMERICAS, NEW YORK NY 10036
Hai Ling officer: Co-President, Intl Markets 2000 PURCHASE STREET, PURCHASE NY 10577
Timothy H Murphy officer: General Counsel 2000 PURCHASE STREET, PURCHASE NY 10577
Raj Seshadri officer: President, Data & Services 880 CARILLON PARKWAY, ST. PETERSBURG FL 33716
Raghuvir Malhotra officer: Co-President, Intl Markets 2000 PURCHASE STREET, PURCHASE NY 10577
Michael Miebach officer: Chief Product Officer 2000 PURCHASE STREET, PURCHASE NY 10577
Linda Pistecchia Kirkpatrick officer: President, North America 2000 PURCHASE STREET, PURCHASE NY 10577
Harit Talwar director 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Sandra A Arkell officer: Controller 3005 HIGHLAND PARKWAY, SUITE 200, DOWNERS GROVE IL 60515
Candido Bracher director 2000 PURCHASE STREET, PURCHASE NY 10577