Stock Analysis on Net

Fiserv Inc. (NASDAQ:FISV)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 28, 2022.

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Fiserv Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Fiserv Inc. Annual Report.


Share Price Trends
The share price exhibited an overall upward trend from 2006 to 2021, starting at $10.61 and reaching a peak of $115.37 in February 2021. There was a notable dip in 2009, where the price fell to $8.16, likely reflecting broader market conditions at the time. After recovering and continuing to rise steadily for about a decade, the share price declined to $95.56 by February 2022, indicating some volatility towards the end of the period.
Book Value Per Share (BVPS) Patterns
BVPS showed a gradual increase from $3.45 in 2006 to $7.04 in 2014, reflecting steady growth in the company's net assets per share. However, there was a decline to $5.86 in 2019, followed by a sharp and significant rise to approximately $48.56 in 2020, maintaining a similar level through to 2022. This abrupt change suggests a possible restructuring, asset revaluation, or other accounting adjustments that affected book value substantially.
Price-to-Book Value (P/BV) Ratio Dynamics
The P/BV ratio fluctuated considerably. Initially, it was between 2.0 and 3.7 from 2006 through 2008. It decreased to a low of 1.96 in 2009, coinciding with a share price dip and steady book value growth. The ratio then increased steadily, peaking at 14.47 in 2019, reflecting potential investor optimism or share price growth outpacing book value. Following the sharp BVPS increase in 2020, the ratio dropped significantly to around 2.24, stabilizing near that level in subsequent years. This indicates the market price adjusted to the new book value level, realigning valuation multiples.
General Insights

The data suggests the company experienced stable growth in intrinsic value until a major change around 2020, which greatly increased book value per share. The stock price generally trended upwards, with periods of volatility correlated to economic cycles and company-specific developments. The P/BV ratio movements imply changing investor sentiment, valuation practices, or fundamental financial events, particularly around 2019-2020, which reshaped the company's financial profile and market valuation.


Comparison to Competitors

Fiserv Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Software & Services)


Comparison to Industry (Information Technology)

Fiserv Inc., P/BV, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).