Mastercard (LIM:MA) Cyclically Adjusted PS Ratio: (As of Jul. 30, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

LIM:MA Mastercard Inc LIM:MA
92 GF Score
Price $522.20
GF Value $615.30
Valuation Modestly Undervalued
! 3 Warning Signs
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What is Mastercard Cyclically Adjusted PS Ratio?

Note: If the price history is too short, we do not calculate current Cyclically Adjusted PS Ratio for this stock. All the historical data is shown as the company's primary share's data instead.

Shiller PE for Stocks: The True Measure of Stock Valuation


Mastercard  (LIM:MA) 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.


Mastercard Cyclically Adjusted PS Ratio Related Terms


Mastercard Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Mastercard'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.

Mastercard Cyclically Adjusted PS Ratio Chart

Mastercard Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.85 22.75 24.28 26.27 24.76

Mastercard Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
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 25.97 25.36 24.76 20.71 0.00

LIM:MA vs V, AXP, COF: Cyclically Adjusted PS Ratio Comparison

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 Cyclically Adjusted PS Ratio vs 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.


LIM:MA
92GF Score
Mastercard Inc LIM:MA
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mastercard 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.

Mastercard's Cyclically Adjusted Revenue per Share for the quarter that ended in Jun. 2026 is calculated as:

For example, Mastercard's adjusted Revenue per Share data for the three months ended in Jun. 2026 was:

Adj_RevenuePerShare=Revenue per Share/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=10.46/333.9520*333.9520
=10.460

Current CPI (Jun. 2026) = 333.9520.

Mastercard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201609 2.621 241.428 3.625
201612 2.524 241.432 3.491
201703 2.527 243.801 3.461
201706 2.840 244.955 3.872
201709 3.182 246.819 4.305
201712 3.116 246.524 4.221
201803 3.387 249.554 4.532
201806 3.494 251.989 4.630
201809 3.737 252.439 4.944
201812 3.668 251.233 4.876
201903 3.768 254.202 4.950
201906 4.013 256.143 5.232
201909 4.384 256.759 5.702
201912 4.357 256.974 5.662
202003 3.969 258.115 5.135
202006 3.309 257.797 4.287
202009 3.818 260.280 4.899
202012 4.120 260.474 5.282
202103 4.163 264.877 5.249
202106 4.555 271.696 5.599
202109 5.035 274.310 6.130
202112 5.290 278.802 6.336
202203 5.267 287.504 6.118
202206 5.644 296.311 6.361
202209 5.946 296.808 6.690
202212 6.047 296.797 6.804
202303 6.013 301.836 6.653
202306 6.606 305.109 7.230
202309 6.928 307.789 7.517
202312 6.988 306.746 7.608
202403 6.789 312.332 7.259
202406 7.485 314.175 7.956
202409 7.966 315.301 8.437
202412 8.158 315.605 8.632
202503 7.932 319.799 8.283
202506 8.947 322.561 9.263
202509 9.505 324.800 9.773
202512 9.817 324.054 10.117
202603 9.404 330.213 9.510
202606 10.460 333.952 10.460

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.

Is Mastercard (LIM:MA) Overvalued in 2026?

Based on GuruFocus' analysis, Mastercard stock appears to be undervalued. The current stock price of $522.20 is trading 15.1% below its estimated GF Value™ of $615.30. GuruFocus considers Mastercard to be Modestly Undervalued.

Key valuation signals for LIM:MA:

  • Cyclically Adjusted PS Ratio:
  • GF Value™: $615.30 vs. price of $522.20 (15.1% below fair value)
  • GF Score™: 92/100 with 3 warning signs

No single metric tells the full story. See the LIM:MA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mastercard Business Description

Address 2000 Purchase Street, Purchase, NY, USA, 10577
Mastercard is the second-largest payment processor in the world, having processed close to $11 trillion in volume during 2025. Mastercard operates in over 200 countries and processes transactions in over 150 currencies.
92GF Score

Get the complete analysis for LIM:MA

Cyclically Adjusted PS Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$522.20
Price
$615.30
GF Value