Mastercard (XSWX:MA) Shiller PE Ratio: (As of Sep. 21, 2026)

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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.

XSWX:MA Mastercard Inc XSWX:MA
98 GF Score
Price CHF468.20
GF Value CHF551.49
! 3 Warning Signs
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What is Mastercard Shiller PE Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Mastercard  (XSWX:MA) Shiller PE Ratio Explanation

Compared with the regular PE Ratio, which works poorly for cyclical businesses, the Shiller PE Ratio smoothed out the fluctuations of profit margins during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Shiller PE Ratio should give similar results to regular PE Ratio.

Compared with the PS Ratio, the Shiller PE Ratio makes the comparison between different industries more meaningful.


Be Aware

Shiller PE Ratio assumes that over the long term, businesses and profitability revert to their means. If a company's business model does not work in the future compared with the past, Shiller PE Ratio and PS Ratio will give false valuations.


Mastercard Shiller PE Ratio Related Terms


Mastercard Shiller PE Ratio Historical Data

* Premium members only.

The historical data trend for Mastercard's Shiller PE 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.

Mastercard Shiller PE Ratio Chart

Mastercard Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shiller PE Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 51.93 43.01 37.13 32.30 49.67

Mastercard Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Shiller PE 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 29.83 28.85 49.43 41.05 41.18

XSWX:MA vs V, AXP, COF: Shiller PE Ratio Comparison

For the Credit Services subindustry, Mastercard's Shiller PE Ratio, along with its competitors' market caps and Shiller PE 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 Shiller PE Ratio vs Credit Services Industry

For the Credit Services industry and Financial Services sector, Mastercard's Shiller PE Ratio distribution charts can be found below:

* The bar in red indicates where Mastercard's Shiller PE Ratio falls into.


XSWX:MA
98GF Score
Mastercard Inc XSWX:MA
Shiller PE Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Mastercard Shiller PE Ratio Calculation

For Shiller PE Ratio, the earnings of the past 10 years are inflation-adjusted and averaged. The result is used for P/E calculation. Since it looks at the average over the last 10 years, the Shiller PE Ratio is also called PE10.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The same calculation is applied here to individual companies.

Mastercard's E10 for the quarter that ended in Jun. 2026 is calculated as:

For example, Mastercard's adjusted earnings per share data for the three months ended in Jun. 2026 was:

Adj_EPS=Earnings per Share (Diluted)/CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=3.9278/333.9520*333.9520
=3.928

Current CPI (Jun. 2026) = 333.9520.

Mastercard Quarterly Data

Earnings per Share (Diluted) CPI Adj_EPS
201609 1.054 241.428 1.457
201612 0.861 241.432 1.191
201703 1.003 243.801 1.373
201706 1.078 244.955 1.470
201709 1.289 246.819 1.744
201712 0.211 246.524 0.285
201803 1.338 249.554 1.791
201806 1.474 251.989 1.953
201809 1.792 252.439 2.371
201812 0.863 251.233 1.146
201903 1.799 254.202 2.363
201906 2.003 256.143 2.612
201909 2.040 256.759 2.653
201912 2.052 256.974 2.667
202003 1.623 258.115 2.100
202006 1.357 257.797 1.758
202009 1.386 260.280 1.778
202012 1.612 260.474 2.066
202103 1.660 264.877 2.092
202106 1.894 271.696 2.328
202109 2.239 274.310 2.726
202112 2.224 278.802 2.664
202203 2.478 287.504 2.878
202206 2.251 296.311 2.537
202209 2.496 296.808 2.808
202212 2.529 296.797 2.845
202303 2.285 301.836 2.528
202306 2.696 305.109 2.951
202309 2.998 307.789 3.252
202312 2.638 306.746 2.872
202403 2.816 312.332 3.011
202406 3.168 314.175 3.368
202409 3.057 315.301 3.237
202412 3.191 315.605 3.376
202503 3.226 319.799 3.369
202506 3.367 322.561 3.485
202509 3.472 324.800 3.570
202512 3.613 324.054 3.724
202603 3.407 330.213 3.445
202606 3.928 333.952 3.928

Add all the adjusted EPS together and divide 10 will get our E10.

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.

Is Mastercard (XSWX:MA) Overvalued in 2026?

Based on GuruFocus' analysis, Mastercard stock appears to be undervalued. The current stock price of CHF468.20 is trading 15.1% below its estimated GF Value™ of CHF551.49.

Key valuation signals for XSWX:MA:

  • Shiller PE Ratio:
  • GF Value™: CHF551.49 vs. price of CHF468.20 (15.1% below fair value)
  • GF Score™: 98/100 with 3 warning signs

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


Mastercard Business Description

Address 2000 Purchase Street, Purchase, NY, USA, 10577
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.
98GF Score

Get the complete analysis for XSWX:MA

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

CHF468.20
Price
CHF551.49
GF Value