Visa (MIC:V-RM) Cyclically Adjusted PS Ratio: (As of Jul. 24, 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.
Reviewed by: Charlie Tian Charlie Tian
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.

What is Visa 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


Visa  (MIC:V-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.


Visa Cyclically Adjusted PS Ratio Related Terms


Visa Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Visa'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.

Visa Cyclically Adjusted PS Ratio Chart

Visa Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Cyclically Adjusted PS Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 33.25 22.19 25.20 26.68 28.84

Visa Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
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 31.77 31.06 28.84 28.87 23.70

MIC:V-RM vs MA, AXP, COF: Cyclically Adjusted PS Ratio Comparison

For the Credit Services subindustry, Visa'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.


Visa Cyclically Adjusted PS Ratio vs Credit Services Industry

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

* The bar in red indicates where Visa's Cyclically Adjusted PS Ratio falls into.



Visa 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.

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

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

Adj_RevenuePerShare=Revenue per Share/CPI of Mar. 2026 (Change)*Current CPI (Mar. 2026)
=5.478/330.2130*330.2130
=5.478

Current CPI (Mar. 2026) = 330.2130.

Visa Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 1.267 241.018 1.736
201609 1.462 241.428 2.000
201612 1.542 241.432 2.109
201703 1.560 243.801 2.113
201706 1.605 244.955 2.164
201709 1.719 246.819 2.300
201712 1.731 246.524 2.319
201803 1.818 249.554 2.406
201806 1.888 251.989 2.474
201809 1.977 252.439 2.586
201812 2.011 251.233 2.643
201903 2.015 254.202 2.618
201906 2.154 256.143 2.777
201909 2.275 256.759 2.926
201912 2.257 256.974 2.900
202003 2.193 258.115 2.806
202006 1.822 257.797 2.334
202009 1.923 260.280 2.440
202012 2.153 260.474 2.729
202103 2.175 264.877 2.711
202106 2.336 271.696 2.839
202109 2.507 274.310 3.018
202112 2.719 278.802 3.220
202203 2.788 287.504 3.202
202206 2.835 296.311 3.159
202209 3.055 296.808 3.399
202212 3.131 296.797 3.484
202303 3.162 301.836 3.459
202306 3.239 305.109 3.506
202309 3.455 307.789 3.707
202312 3.491 306.746 3.758
202403 3.558 312.332 3.762
202406 3.684 314.175 3.872
202409 4.248 315.301 4.449
202412 4.293 315.605 4.492
202503 4.551 319.799 4.699
202506 4.649 322.561 4.759
202509 4.931 324.800 5.013
202512 5.048 324.054 5.144
202603 5.478 330.213 5.478

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.


Visa Business Description

Address P.O. Box 8999, San Francisco, CA, USA, 94128-8999
Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume. Visa operates in over 200 countries and processes transactions in over 160 currencies. Its systems are capable of processing over 65,000 transactions per second.