MastercardWBO:MAST +2.41%90 PB Ratio is 66.85 as of Jun. 24, 2026, which is 24% above its 10-year median of 54.09. GuruFocus rates WBO:MAST with a GF Score™ of 90/100 and a GF Value™ of €574.28 (Modestly Undervalued). Among 523 Credit Services companies, Mastercard ranks worse than 99.24% on this metric.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. As of today (2026-06-24), Mastercard's share price is €438.10. Mastercard's Book Value per Share for the quarter that ended in Mar. 2026 was €6.55. Hence, Mastercard's PB Ratio of today is 66.85.
The historical rank and industry rank for Mastercard's PB Ratio or its related term are showing as below:
WBO:MAST'
s PB Ratio Range Over the Past 10 Years
Min: 16.64 Med: 54.09 Max: 81.17
Current: 65.97
During the past 13 years, Mastercard's highest PB Ratio was 81.17. The lowest was 16.64. And the median was 54.09.
WBO:MAST's PB Ratio is ranked worse than 99.24% of 523
companies
in the Credit Services industry
Industry Median: 1.05
vs WBO:MAST: 65.97
During the past 12 months, Mastercard's average Book Value Per Share Growth Rate was 3.30% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 9.50% per year.
During the past 5 years, the average Book Value Per Share Growth Rate was 4.30% per year.
During the past 10 years, the average Book Value Per Share Growth Rate was 5.00% per year.
During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Mastercard was 58.30% per year. The lowest was -7.00% per year. And the median was 11.05% per year.
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
Mastercard PB Ratio Related Terms
Mastercard PB Ratio Historical Data
* Premium members only.
The historical data trend for Mastercard's PB 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.
For the Credit Services subindustry, Mastercard's PB Ratio, along with its competitors' market caps and PB 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 PB Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, Mastercard's PB Ratio distribution charts can be found below:
* The bar in red indicates where Mastercard's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
Mastercard's PB Ratio for today is calculated as follows:
* 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.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
Mastercard (WBO:MAST) has a PB Ratio of 66.85 as of Jun. 24, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mastercard and its competitors. This is 24% above median its historical median of 54.09. Over the past decade, Mastercard's PB Ratio has ranged from 16.64 to 81.17. According to the industry distribution chart, Mastercard ranks #519 out of 523 companies in the Credit Services industry, placing it in the top 99.2%.
Is Mastercard's PB Ratio too high?
Mastercard's current PB Ratio of 66.85 is 24% above median its 10-year median of 54.09. Over the past 10 years, this metric has ranged from a low of 16.64 to a high of 81.17. The Credit Services industry median PB Ratio is 1.05. Mastercard's value of 66.85 is 6266.7% above this industry median. Based on the distribution chart, Mastercard ranks #519 out of 523 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, Mastercard has a GF Score™ of 90/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mastercard's PB Ratio compare to V and AXP?
According to the Credit Services industry distribution chart, Mastercard ranks #519 out of 523 companies for PB Ratio. This places Mastercard in the lower half of its industry. The industry median PB Ratio is 1.05. Mastercard's value of 66.85 is 6266.7% above this benchmark. Historically, Mastercard's own PB Ratio has ranged from 16.64 to 81.17 over the past decade. While the company's 10-year median is 54.09 vs. the industry median of 1.05, Mastercard 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 PB Ratio for a Credit Services company?
The median PB Ratio among Credit Services companies is 1.05, based on 523 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Mastercard's current PB Ratio of 66.85 is 6266.7% 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 PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on Mastercard and its competitors. For the Credit Services industry, the median PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mastercard's current PB Ratio is 66.85, which is 24% above median its own 10-year median of 54.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mastercard stock overvalued right now?
Based on GuruFocus' analysis, Mastercard (WBO:MAST) is currently considered Modestly Undervalued. The stock's GF Value™ is €574.28, compared to a current price of €438.10 — trading 23.7% below its estimated fair value. The current PB Ratio is 66.85, which is 24% above median its 10-year median of 54.09 and 6266.7% above the Credit Services industry median of 1.05. Mastercard's overall GF Score™ is 90/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For Mastercard (WBO:MAST), the current PB Ratio is 66.85 as of Jun. 24, 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 Mastercard (WBO:MAST) Overvalued in 2026?
Based on GuruFocus' analysis, Mastercard stock appears to be undervalued.
The current stock price of €438.10 is trading 23.7% below its estimated GF Value™ of €574.28.
GuruFocus considers Mastercard to be Modestly Undervalued.
Key valuation signals for WBO:MAST:
PB Ratio: 66.85 (24% above median its 10-year median of 54.09)
GF Value™: €574.28 vs. price of €438.10 (23.7% below fair value)
Industry Position: 6266.7% above the Credit Services median (#519 of 523)
No single metric tells the full story. See the WBO:MAST stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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.
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