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Mastercard (MIC:MA-RM) Cyclically Adjusted PS Ratio : (As of May. 01, 2024)


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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 Cyclically Adjusted PS Ratio Historical Data

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.

* Premium members only.

Mastercard Cyclically Adjusted PS Ratio Chart

Mastercard 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 30.83 32.92 27.85 22.75 24.28

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 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 22.75 22.79 23.76 23.08 24.28

Competitive Comparison of Mastercard's Cyclically Adjusted PS Ratio

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 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 Dec. 2023 is calculated as:

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)
=630.551/129.4194*129.4194
=630.551

Current CPI (Dec. 2023) = 129.4194.

Mastercard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 64.944 99.695 84.308
201406 68.320 100.560 87.927
201409 84.414 100.428 108.783
201412 117.557 99.070 153.570
201503 111.355 99.621 144.663
201506 116.569 100.684 149.838
201509 146.731 100.392 189.158
201512 162.971 99.792 211.355
201603 148.872 100.470 191.767
201606 156.147 101.688 198.730
201609 165.305 101.861 210.028
201612 152.290 101.863 193.489
201703 141.461 102.862 177.984
201706 168.753 103.349 211.322
201709 184.185 104.136 228.905
201712 179.368 104.011 223.185
201803 193.917 105.290 238.358
201806 219.529 106.317 267.233
201809 244.927 106.507 297.618
201812 254.978 105.998 311.318
201903 244.603 107.251 295.163
201906 253.029 108.070 303.017
201909 276.425 108.329 330.241
201912 270.030 108.420 322.331
202003 315.914 108.902 375.435
202006 231.508 108.767 275.465
202009 301.482 109.815 355.304
202012 307.031 109.897 361.573
202103 316.013 111.754 365.965
202106 334.835 114.631 378.030
202109 367.943 115.734 411.451
202112 391.121 117.630 430.323
202203 552.903 121.301 589.908
202206 355.533 125.017 368.053
202209 358.543 125.227 370.548
202212 370.063 125.222 382.468
202303 452.393 127.348 459.752
202306 536.128 128.729 539.005
202309 668.022 129.860 665.758
202312 630.551 129.419 630.551

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.


Mastercard  (MIC:MA-RM) 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

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


Mastercard (MIC:MA-RM) Business Description

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.

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