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Mastercard (MEX:MA) Cyclically Adjusted Book per Share : MXN147.33 (As of Mar. 2025)


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What is Mastercard Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Mastercard's adjusted book value per share for the three months ended in Mar. 2025 was MXN150.004. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is MXN147.33 for the trailing ten years ended in Mar. 2025.

During the past 12 months, Mastercard's average Cyclically Adjusted Book Growth Rate was 2.60% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 3.60% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 5.10% per year. During the past 10 years, the average Cyclically Adjusted Book Growth Rate was 7.10% 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 Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Mastercard was 19.60% per year. The lowest was 3.60% per year. And the median was 8.40% per year.

As of today (2025-05-08), Mastercard's current stock price is MXN11142.44. Mastercard's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was MXN147.33. Mastercard's Cyclically Adjusted PB Ratio of today is 75.63.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Mastercard was 80.94. The lowest was 20.90. And the median was 50.33.


Mastercard Cyclically Adjusted Book per Share Historical Data

The historical data trend for Mastercard's Cyclically Adjusted Book 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 Book per Share Chart

Mastercard Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 116.04 131.83 132.39 117.13 147.72

Mastercard Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted Book 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 115.99 129.30 141.25 147.72 147.33

Competitive Comparison of Mastercard's Cyclically Adjusted Book per Share

For the Credit Services subindustry, Mastercard's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB 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 PB Ratio Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Mastercard's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Mastercard's Cyclically Adjusted PB Ratio falls into.


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Mastercard Cyclically Adjusted Book 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 Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value 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 Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book 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 Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book= Book Value per Share /CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=150.004/134.9266*134.9266
=150.004

Current CPI (Mar. 2025) = 134.9266.

Mastercard Quarterly Data

Book Value per Share CPI Adj_Book
201506 88.605 100.684 118.740
201509 94.191 100.392 126.593
201512 92.878 99.792 125.578
201603 85.586 100.470 114.938
201606 98.402 101.688 130.566
201609 110.117 101.861 145.863
201612 107.872 101.863 142.886
201703 98.370 102.862 129.034
201706 99.138 103.349 129.429
201709 110.292 104.136 142.903
201712 101.887 104.011 132.171
201803 98.864 105.290 126.692
201806 99.420 106.317 126.174
201809 104.368 106.507 132.217
201812 102.746 105.998 130.787
201903 97.899 107.251 123.162
201906 94.683 108.070 118.213
201909 96.736 108.329 120.487
201912 110.324 108.420 137.296
202003 126.068 108.902 156.196
202006 148.746 108.767 184.520
202009 128.296 109.815 157.634
202012 127.710 109.897 156.797
202103 130.345 111.754 157.372
202106 129.792 114.631 152.771
202109 140.068 115.734 163.296
202112 153.060 117.630 175.567
202203 143.645 121.301 159.780
202206 128.252 125.017 138.418
202209 132.868 125.227 143.160
202212 128.437 125.222 138.391
202303 101.343 127.348 107.374
202306 100.064 128.729 104.882
202309 117.072 129.860 121.640
202312 125.926 129.419 131.285
202403 129.092 131.776 132.178
202406 146.795 132.554 149.423
202409 159.282 133.029 161.554
202412 148.072 133.157 150.040
202503 150.004 134.927 150.004

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Mastercard  (MEX:MA) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB 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 PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

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

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=11142.44/147.33
=75.63

* 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 PB Ratio of Mastercard was 80.94. The lowest was 20.90. And the median was 50.33.


Be Aware

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


Mastercard Cyclically Adjusted Book per Share Related Terms

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


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 $10 trillion in volume during 2024. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.