GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Mastercard Inc (LIM:MA) » Definitions » Cyclically Adjusted Revenue per Share

Mastercard (LIM:MA) Cyclically Adjusted Revenue per Share : $19.38 (As of Dec. 2024)


View and export this data going back to 2020. Start your Free Trial

What is Mastercard Cyclically Adjusted Revenue 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 Revenue per Share and 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.

Mastercard's adjusted revenue per share for the three months ended in Dec. 2024 was $8.158. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is $19.38 for the trailing ten years ended in Dec. 2024.

During the past 12 months, Mastercard's average Cyclically Adjusted Revenue Growth Rate was 14.20% per year. During the past 3 years, the average Cyclically Adjusted Revenue Growth Rate was 15.80% per year. During the past 5 years, the average Cyclically Adjusted Revenue Growth Rate was 16.20% per year. During the past 10 years, the average Cyclically Adjusted Revenue Growth Rate was 15.50% 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 Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of Mastercard was 17.40% per year. The lowest was 10.70% per year. And the median was 15.20% per year.

As of today (2025-04-13), Mastercard's current stock price is $528.95. Mastercard's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2024 was $19.38. Mastercard's Cyclically Adjusted PS Ratio of today is 27.29.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of Mastercard was 35.89. The lowest was 15.09. And the median was 24.61.


Mastercard Cyclically Adjusted Revenue per Share Historical Data

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

Mastercard Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.15 11.63 14.91 17.13 19.38

Mastercard Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Cyclically Adjusted Revenue 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 17.13 16.70 19.07 17.56 19.38

Competitive Comparison of Mastercard's Cyclically Adjusted Revenue per Share

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 Revenue 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 Revenue per Share and 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.

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

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

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get 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.

For example, Mastercard's adjusted Revenue per Share data for the three months ended in Dec. 2024 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2024 (Change)*Current CPI (Dec. 2024)
=8.158/133.1571*133.1571
=8.158

Current CPI (Dec. 2024) = 133.1571.

Mastercard Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201503 1.936 99.621 2.588
201506 2.095 100.684 2.771
201509 2.233 100.392 2.962
201512 2.225 99.792 2.969
201603 2.200 100.470 2.916
201606 2.447 101.688 3.204
201609 2.621 101.861 3.426
201612 2.524 101.863 3.299
201703 2.527 102.862 3.271
201706 2.840 103.349 3.659
201709 3.182 104.136 4.069
201712 3.116 104.011 3.989
201803 3.387 105.290 4.283
201806 3.494 106.317 4.376
201809 3.737 106.507 4.672
201812 3.668 105.998 4.608
201903 3.768 107.251 4.678
201906 4.013 108.070 4.945
201909 4.384 108.329 5.389
201912 4.357 108.420 5.351
202003 3.969 108.902 4.853
202006 3.309 108.767 4.051
202009 3.818 109.815 4.630
202012 4.120 109.897 4.992
202103 4.163 111.754 4.960
202106 4.555 114.631 5.291
202109 5.035 115.734 5.793
202112 5.290 117.630 5.988
202203 5.267 121.301 5.782
202206 5.644 125.017 6.012
202209 5.946 125.227 6.323
202212 6.047 125.222 6.430
202303 6.013 127.348 6.287
202306 6.606 128.729 6.833
202309 6.928 129.860 7.104
202312 6.988 129.419 7.190
202403 6.789 131.776 6.860
202406 7.485 132.554 7.519
202409 7.966 133.029 7.974
202412 8.158 133.157 8.158

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


Mastercard  (LIM:MA) Cyclically Adjusted Revenue per Share Explanation

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

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS 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 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.

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

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=528.95/19.38
=27.29

* 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 PS Ratio of Mastercard was 35.89. The lowest was 15.09. And the median was 24.61.


Be Aware

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


Mastercard Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of Mastercard's Cyclically Adjusted Revenue 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.