Fiserv (TSX:FISV) Cyclically Adjusted PS Ratio: 1.85 (As of Jul. 28, 2026) — 73% Below Median

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TSX:FISV Fiserv Inc TSX:FISV
62 GF Score
Price C$5.29
GF Value C$17.94
Valuation Possible Value Trap
! 3 Warning Signs
View Full Analysis

What is Fiserv Cyclically Adjusted PS Ratio?

Fiserv TSX:FISV +2.32% 62 Cyclically Adjusted PS Ratio is 1.85 as of Jul. 28, 2026, which is 73% below its 10-year median of 6.86. GuruFocus rates TSX:FISV with a GF Score™ of 62/100 and a GF Value™ of C$17.94 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,591 Software companies, Fiserv ranks worse than 53.55% on this metric.

As of today (2026-07-28), Fiserv's current share price is C$5.29. Fiserv's Cyclically Adjusted Revenue per Share for the quarter that ended in Mar. 2026 was C$2.86. Fiserv's Cyclically Adjusted PS Ratio for today is 1.85.

The historical rank and industry rank for Fiserv's Cyclically Adjusted PS Ratio or its related term are showing as below:

TSX:FISV' s Cyclically Adjusted PS Ratio Range Over the Past 10 Years
Min: 1.71   Med: 6.86   Max: 10.33
Current: 1.87

During the past years, Fiserv's highest Cyclically Adjusted PS Ratio was 10.33. The lowest was 1.71. And the median was 6.86.

TSX:FISV's Cyclically Adjusted PS Ratio is ranked worse than
53.55% of 1591 companies
in the Software industry
Industry Median: 1.6 vs TSX:FISV: 1.87

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.

Fiserv's adjusted revenue per share data for the three months ended in Mar. 2026 was C$0.967. Add all the adjusted revenue per share for the past 10 years together and divide 10 will get our Cyclically Adjusted Revenue per Share, which is C$2.86 for the trailing ten years ended in Mar. 2026.

Shiller PE for Stocks: The True Measure of Stock Valuation


Fiserv  (TSX:FISV) 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.


Fiserv Cyclically Adjusted PS Ratio Related Terms


Fiserv Cyclically Adjusted PS Ratio Historical Data

* Premium members only.

The historical data trend for Fiserv'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.

Fiserv Cyclically Adjusted PS Ratio Chart

Fiserv 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 6.54 5.43 6.28 8.57 2.49

Fiserv 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 8.89 6.71 4.87 2.49 1.99

TSX:FISV vs CTSH, FIS, BR: Cyclically Adjusted PS Ratio Comparison

For the Information Technology Services subindustry, Fiserv'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.


Fiserv Cyclically Adjusted PS Ratio vs Software Industry

For the Software industry and Technology sector, Fiserv's Cyclically Adjusted PS Ratio distribution charts can be found below:

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


TSX:FISV
62GF Score
Fiserv Inc TSX:FISV
Cyclically Adjusted PS Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Fiserv 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.

Fiserv's Cyclically Adjusted PS Ratio for today is calculated as

Cyclically Adjusted PS Ratio=Share Price/ Cyclically Adjusted Revenue per Share
=5.29/2.86
=1.85

* 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.

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

For example, Fiserv'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)
=0.967/330.2130*330.2130
=0.967

Current CPI (Mar. 2026) = 330.2130.

Fiserv Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201606 0.292 241.018 0.400
201609 0.305 241.428 0.417
201612 0.326 241.432 0.446
201703 0.319 243.801 0.432
201706 0.320 244.955 0.431
201709 0.301 246.819 0.403
201712 0.342 246.524 0.458
201803 0.332 249.554 0.439
201806 0.336 251.989 0.440
201809 0.335 252.439 0.438
201812 0.386 251.233 0.507
201903 0.378 254.202 0.491
201906 0.377 256.143 0.486
201909 0.521 256.759 0.670
201912 0.575 256.974 0.739
202003 0.571 258.115 0.730
202006 0.518 257.797 0.664
202009 0.553 260.280 0.702
202012 0.541 260.474 0.686
202103 0.521 264.877 0.650
202106 0.552 271.696 0.671
202109 0.591 274.310 0.711
202112 0.616 278.802 0.730
202203 0.598 287.504 0.687
202206 0.657 296.311 0.732
202209 0.701 296.808 0.780
202212 0.739 296.797 0.822
202303 0.740 301.836 0.810
202306 0.766 305.109 0.829
202309 0.811 307.789 0.870
202312 0.822 306.746 0.885
202403 0.834 312.332 0.882
202406 0.897 314.175 0.943
202409 0.919 315.301 0.962
202412 0.983 315.605 1.028
202503 0.979 319.799 1.011
202506 1.024 322.561 1.048
202509 1.009 324.800 1.026
202512 1.019 324.054 1.038
202603 0.967 330.213 0.967

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.

What does a Cyclically Adjusted PS Ratio of 1.85 mean?
Fiserv (TSX:FISV) has a Cyclically Adjusted PS Ratio of 1.85 as of Jul. 28, 2026. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fiserv and its competitors. This is 73% below median its historical median of 6.86. Over the past decade, Fiserv's Cyclically Adjusted PS Ratio has ranged from 1.71 to 10.33. According to the industry distribution chart, Fiserv ranks #852 out of 1591 companies in the Software industry, placing it in the top 53.6%.
Is Fiserv's Cyclically Adjusted PS Ratio too high?
Fiserv's current Cyclically Adjusted PS Ratio of 1.85 is 73% below median its 10-year median of 6.86. Over the past 10 years, this metric has ranged from a low of 1.71 to a high of 10.33. The Software industry median Cyclically Adjusted PS Ratio is 1.60. Fiserv's value of 1.85 is 15.6% above this industry median. Based on the distribution chart, Fiserv ranks #852 out of 1591 companies in the Software industry, which is below the industry midpoint. Overall, Fiserv has a GF Score™ of 62/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Fiserv's Cyclically Adjusted PS Ratio compare to CTSH and FIS?
According to the Software industry distribution chart, Fiserv ranks #852 out of 1591 companies for Cyclically Adjusted PS Ratio. This places Fiserv in the lower half of its industry. The industry median Cyclically Adjusted PS Ratio is 1.60. Fiserv's value of 1.85 is 15.6% above this benchmark. Historically, Fiserv's own Cyclically Adjusted PS Ratio has ranged from 1.71 to 10.33 over the past decade. While the company's 10-year median is 6.86 vs. the industry median of 1.60, Fiserv has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted PS Ratio for a Software company?
The median Cyclically Adjusted PS Ratio among Software companies is 1.60, based on 1,591 companies in the industry. Companies in the top quartile (top 25%) have a Cyclically Adjusted PS Ratio significantly above this median, while those in the bottom quartile fall well below. However, Cyclically Adjusted PS Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fiserv's current Cyclically Adjusted PS Ratio of 1.85 is 15.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted PS Ratio mean?
A high Cyclically Adjusted PS Ratio can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted PS Ratio is the ratio of share price to a company's inflation-adjusted revenue per share over a 10-year period. View historical data on Fiserv and its competitors. For the Software industry, the median Cyclically Adjusted PS Ratio is 1.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fiserv's current Cyclically Adjusted PS Ratio is 1.85, which is 73% below median its own 10-year median of 6.86. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fiserv stock overvalued right now?
Based on GuruFocus' analysis, Fiserv (TSX:FISV) is currently considered Possible Value Trap. The stock's GF Value™ is C$17.94, compared to a current price of C$5.29 — trading 70.5% below its estimated fair value. The current Cyclically Adjusted PS Ratio is 1.85, which is 73% below median its 10-year median of 6.86 and 15.6% above the Software industry median of 1.60. Fiserv's overall GF Score™ is 62/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted PS Ratio calculated?
Cyclically Adjusted PS Ratio is calculated from a company's financial statements. For Fiserv (TSX:FISV), the current Cyclically Adjusted PS Ratio is 1.85 as of Jul. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Fiserv (TSX:FISV) Overvalued in 2026?

Based on GuruFocus' analysis, Fiserv stock appears to be undervalued. The current stock price of C$5.29 is trading 70.5% below its estimated GF Value™ of C$17.94. GuruFocus considers Fiserv to be Possible Value Trap.

Key valuation signals for TSX:FISV:

  • Cyclically Adjusted PS Ratio: 1.85 (73% below median its 10-year median of 6.86)
  • GF Value™: C$17.94 vs. price of C$5.29 (70.5% below fair value)
  • GF Score™: 62/100 with 3 warning signs
  • Industry Position: 15.6% above the Software median (#852 of 1591)

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


Fiserv Business Description

Address 600 N. Vel R. Phillips Avenue, Milwaukee, WI, USA, 53203
Fiserv is a leading provider of core processing and complementary services, such as electronic funds transfer, payment processing, and loan processing, for US banks and credit unions, with a focus on small and midsize banks. Following its 2019 merger with First Data, Fiserv also provides payment processing services to merchants. About 10% of the company's revenue is generated internationally.
62GF Score

Get the complete analysis for TSX:FISV

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

C$5.29
Price
C$17.94
GF Value