Stock Analysis on Net
Stock Analysis on Net

Mastercard Inc. (NYSE:MA)

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

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Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).

Historical Valuation Ratios (Summary)

Mastercard Inc., historical price multiples (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Price to earnings (P/E) 36.67 35.51 31.38 35.12 38.83 41.61 40.43 53.35 58.89 52.84 43.19 42.25 35.82 42.21 40.01 42.07 41.69 38.62 — — —
Price to operating profit (P/OP) 28.45 28.76 25.79 29.59 34.01 35.85 35.14 44.09 47.78 41.92 34.49 34.48 29.47 35.46 32.56 34.71 33.86 31.07 — — —
Price to sales (P/S) 15.52 15.86 14.19 16.32 18.52 19.14 18.40 23.06 24.95 22.14 18.63 19.06 16.75 20.30 17.00 17.97 17.02 15.13 — — —
Price to book value (P/BV) 66.45 56.00 48.27 55.19 52.38 49.43 48.82 59.56 60.92 53.00 50.12 47.81 52.75 58.15 55.91 56.35 50.25 41.94 33.57 40.96 34.02

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Mastercard Inc. P/E ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Mastercard Inc. P/OP ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Mastercard Inc. P/S ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Mastercard Inc. P/BV ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Price to Earnings (P/E)

Mastercard Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 947,852,601 953,242,534 961,459,775 966,376,074 972,644,723 977,476,439 982,557,395 986,775,042 991,047,486 993,362,338 996,925,348 1,001,060,877 1,003,740,343 1,005,108,964 1,008,863,693 1,014,559,467 1,021,522,053 1,025,909,048 1,032,794,381 1,038,452,459 1,043,971,037
Selected Financial Data (US$)
Net income (in millions) 2,361 2,525 2,499 2,275 2,631 2,379 2,414 2,066 1,828 1,785 1,513 1,420 1,693 2,100 2,108 2,048 1,862 899 1,899 1,569 1,492
Earnings per share (EPS)2 10.19 10.42 10.18 10.04 9.76 8.89 8.24 7.29 6.61 6.45 6.75 7.31 7.92 8.08 6.86 6.61 6.10 5.71 0.00 0.00 0.00
Share price1, 3 373.67 369.96 319.37 352.45 378.83 369.77 333.03 388.81 388.95 341.00 291.38 309.00 283.69 340.95 274.29 278.16 254.24 220.54 187.73 207.37 185.82
Valuation Ratio
P/E ratio4 36.67 35.51 31.38 35.12 38.83 41.61 40.43 53.35 58.89 52.84 43.19 42.25 35.82 42.21 40.01 42.07 41.69 38.62 — — —
Benchmarks
P/E Ratio, Competitors5
Accenture PLC 23.64 22.93 27.30 31.69 40.88 36.58 32.02 31.11 31.97 28.32 27.95 20.33 27.24 24.58 24.95 25.00 21.74 24.10 — — —
Adobe Inc. 36.72 33.15 27.18 35.27 45.03 48.90 47.07 49.98 40.82 41.69 58.43 55.97 45.60 57.17 49.46 52.86 47.73 46.11 — — —
International Business Machines Corp. 62.36 71.56 95.23 20.78 22.19 19.40 23.26 23.99 23.63 19.30 12.46 14.07 12.44 13.35 — — — — — — —
Intuit Inc. 56.80 57.31 40.47 63.28 85.13 75.17 56.40 62.56 48.28 49.52 56.56 45.75 44.67 48.17 37.91 44.17 40.14 46.88 — — —
Microsoft Corp. 26.77 28.34 27.89 30.38 34.30 35.14 35.22 34.15 33.95 35.04 29.08 28.84 25.48 26.86 27.43 24.33 41.74 50.00 — — —
Oracle Corp. 35.29 26.85 27.46 26.70 17.45 15.84 15.15 17.19 17.88 16.69 14.05 15.99 16.13 16.89 17.00 41.89 48.26 45.90 — — —
Palo Alto Networks Inc. — — — — — — — — — — — — — — — — — — — — —
Salesforce Inc. 174.67 135.68 147.95 110.94 48.91 48.20 58.10 104.23 — 1,204.70 188.52 139.92 106.17 107.70 — — — — — — —
ServiceNow Inc. 231.71 284.28 417.74 479.20 452.04 487.70 620.23 681.34 654.66 978.47 142.19 113.61 99.10 106.89 — — — — — — —
Synopsys Inc. 57.28 51.76 53.76 46.52 48.45 73.37 64.13 45.71 56.52 55.92 51.53 54.36 46.45 39.55 32.80 28.89 26.11 29.60 — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
EPS = (Net incomeQ1 2023 + Net incomeQ4 2022 + Net incomeQ3 2022 + Net incomeQ2 2022) ÷ No. shares of common stock outstanding
= (2,361,000,000 + 2,525,000,000 + 2,499,000,000 + 2,275,000,000) ÷ 947,852,601 = 10.19

3 Closing price as at the filing date of Mastercard Inc. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/E ratio = Share price ÷ EPS
= 373.67 ÷ 10.19 = 36.67

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Mastercard Inc. P/E ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.

Price to Operating Profit (P/OP)

Mastercard Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 947,852,601 953,242,534 961,459,775 966,376,074 972,644,723 977,476,439 982,557,395 986,775,042 991,047,486 993,362,338 996,925,348 1,001,060,877 1,003,740,343 1,005,108,964 1,008,863,693 1,014,559,467 1,021,522,053 1,025,909,048 1,032,794,381 1,038,452,459 1,043,971,037
Selected Financial Data (US$)
Operating income (in millions) 3,136 3,184 3,112 3,018 2,950 2,827 2,717 2,341 2,197 2,058 2,105 1,707 2,211 2,399 2,655 2,397 2,213 1,234 2,287 1,936 1,825
Operating profit per share2 13.13 12.87 12.38 11.91 11.14 10.31 9.48 8.82 8.14 8.13 8.45 8.96 9.63 9.61 8.42 8.01 7.51 7.10 0.00 0.00 0.00
Share price1, 3 373.67 369.96 319.37 352.45 378.83 369.77 333.03 388.81 388.95 341.00 291.38 309.00 283.69 340.95 274.29 278.16 254.24 220.54 187.73 207.37 185.82
Valuation Ratio
P/OP ratio4 28.45 28.76 25.79 29.59 34.01 35.85 35.14 44.09 47.78 41.92 34.49 34.48 29.47 35.46 32.56 34.71 33.86 31.07 — — —
Benchmarks
P/OP Ratio, Competitors5
Accenture PLC 17.50 16.83 19.98 23.62 31.03 28.35 25.67 24.96 25.29 22.21 21.16 15.44 20.55 18.63 18.87 18.37 15.30 16.75 — — —
Adobe Inc. 28.49 25.85 21.47 28.50 36.67 40.64 49.83 54.24 47.80 51.75 56.53 54.83 41.99 51.63 45.51 48.61 45.19 42.06 — — —
International Business Machines Corp. 13.98 14.35 15.37 15.24 17.07 16.23 19.92 19.33 17.63 15.90 10.75 12.76 12.48 11.94 — — — — — — —
Intuit Inc. 43.50 46.05 33.22 53.54 71.64 62.00 46.48 52.54 39.99 41.56 49.11 39.04 37.66 40.45 32.48 37.00 32.80 37.92 — — —
Microsoft Corp. 22.07 24.72 24.66 27.51 31.35 30.79 30.72 29.13 28.71 29.30 25.90 25.91 22.91 24.54 23.40 20.99 21.05 23.63 — — —
Oracle Corp. 20.25 16.51 18.93 24.87 15.78 14.31 12.98 12.20 12.88 12.17 10.92 12.75 12.96 13.83 13.38 12.20 13.73 12.83 — — —
Palo Alto Networks Inc. — — — — — — — — — — — — — — — — — — — — —
Salesforce Inc. 818.64 357.52 280.57 236.57 228.93 431.39 914.43 3,682.10 — 511.08 295.22 267.46 221.93 223.46 — — — — — — —
ServiceNow Inc. 224.96 260.26 357.30 404.46 408.11 436.46 570.38 493.80 404.36 583.07 475.62 421.22 625.53 1,590.30 — — — — — — —
Synopsys Inc. 50.41 43.85 48.91 42.54 47.17 75.64 65.25 49.28 59.98 59.90 58.40 54.81 48.73 40.48 45.42 45.04 38.51 35.54 — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
Operating profit per share = (Operating incomeQ1 2023 + Operating incomeQ4 2022 + Operating incomeQ3 2022 + Operating incomeQ2 2022) ÷ No. shares of common stock outstanding
= (3,136,000,000 + 3,184,000,000 + 3,112,000,000 + 3,018,000,000) ÷ 947,852,601 = 13.13

3 Closing price as at the filing date of Mastercard Inc. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 373.67 ÷ 13.13 = 28.45

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Mastercard Inc. P/OP ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.

Price to Sales (P/S)

Mastercard Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 947,852,601 953,242,534 961,459,775 966,376,074 972,644,723 977,476,439 982,557,395 986,775,042 991,047,486 993,362,338 996,925,348 1,001,060,877 1,003,740,343 1,005,108,964 1,008,863,693 1,014,559,467 1,021,522,053 1,025,909,048 1,032,794,381 1,038,452,459 1,043,971,037
Selected Financial Data (US$)
Net revenue (in millions) 5,748 5,817 5,756 5,497 5,167 5,216 4,985 4,528 4,155 4,120 3,837 3,335 4,009 4,414 4,467 4,113 3,889 3,807 3,898 3,665 3,580
Sales per share2 24.07 23.33 22.50 21.59 20.46 19.32 18.10 16.86 15.59 15.40 15.64 16.21 16.94 16.80 16.13 15.48 14.94 14.57 0.00 0.00 0.00
Share price1, 3 373.67 369.96 319.37 352.45 378.83 369.77 333.03 388.81 388.95 341.00 291.38 309.00 283.69 340.95 274.29 278.16 254.24 220.54 187.73 207.37 185.82
Valuation Ratio
P/S ratio4 15.52 15.86 14.19 16.32 18.52 19.14 18.40 23.06 24.95 22.14 18.63 19.06 16.75 20.30 17.00 17.97 17.02 15.13 — — —
Benchmarks
P/S Ratio, Competitors5
Accenture PLC 2.67 2.56 3.04 3.57 4.72 4.28 3.86 3.72 3.75 3.26 3.11 2.26 3.01 2.72 2.73 2.63 2.17 2.35 — — —
Adobe Inc. 9.66 8.95 7.61 10.33 13.47 14.94 18.20 19.39 16.61 17.04 18.15 17.19 12.64 15.11 12.91 13.88 13.40 13.23 — — —
International Business Machines Corp. 1.89 1.94 1.99 1.95 2.10 1.94 1.82 1.96 1.83 1.47 1.31 1.47 1.46 1.63 — — — — — — —
Intuit Inc. 8.01 9.30 7.87 12.04 17.26 16.09 13.50 14.16 12.12 11.78 11.03 10.47 10.18 11.05 9.23 10.11 8.31 9.52 — — —
Microsoft Corp. 9.20 10.40 10.50 11.70 13.21 12.81 12.33 11.43 10.96 10.85 9.70 9.52 8.07 8.38 7.84 6.89 6.84 7.51 — — —
Oracle Corp. 4.64 4.25 4.96 6.62 5.96 5.38 4.90 4.53 4.67 4.33 3.80 4.42 4.47 4.74 4.61 4.19 4.70 4.41 — — —
Palo Alto Networks Inc. 8.70 9.62 9.22 9.68 11.48 10.72 8.85 9.71 7.64 6.66 7.03 6.29 7.16 7.06 7.13 9.22 6.77 9.75 — — —
Salesforce Inc. 6.27 7.40 10.30 11.09 9.72 9.24 10.19 12.73 8.72 8.88 8.75 9.02 8.77 9.00 — — — — — — —
ServiceNow Inc. 12.17 12.75 12.13 13.36 16.11 19.02 24.74 22.46 20.63 25.66 23.60 20.92 18.03 19.36 — — — — — — —
Synopsys Inc. 10.44 10.03 11.21 9.86 9.78 13.22 11.85 9.27 10.69 10.08 9.21 7.59 6.65 6.27 6.21 5.41 4.85 4.10 — — —

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
Sales per share = (Net revenueQ1 2023 + Net revenueQ4 2022 + Net revenueQ3 2022 + Net revenueQ2 2022) ÷ No. shares of common stock outstanding
= (5,748,000,000 + 5,817,000,000 + 5,756,000,000 + 5,497,000,000) ÷ 947,852,601 = 24.07

3 Closing price as at the filing date of Mastercard Inc. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 373.67 ÷ 24.07 = 15.52

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Mastercard Inc. P/S ratio increased from Q3 2022 to Q4 2022 but then slightly decreased from Q4 2022 to Q1 2023.

Price to Book Value (P/BV)

Mastercard Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
No. shares of common stock outstanding1 947,852,601 953,242,534 961,459,775 966,376,074 972,644,723 977,476,439 982,557,395 986,775,042 991,047,486 993,362,338 996,925,348 1,001,060,877 1,003,740,343 1,005,108,964 1,008,863,693 1,014,559,467 1,021,522,053 1,025,909,048 1,032,794,381 1,038,452,459 1,043,971,037
Selected Financial Data (US$)
Total Mastercard Incorporated stockholders’ equity (in millions) 5,330 6,298 6,361 6,171 7,034 7,312 6,703 6,442 6,327 6,391 5,796 6,470 5,398 5,893 4,949 5,008 5,168 5,395 5,775 5,257 5,703
Book value per share (BVPS)2 5.62 6.61 6.62 6.39 7.23 7.48 6.82 6.53 6.38 6.43 5.81 6.46 5.38 5.86 4.91 4.94 5.06 5.26 5.59 5.06 5.46
Share price1, 3 373.67 369.96 319.37 352.45 378.83 369.77 333.03 388.81 388.95 341.00 291.38 309.00 283.69 340.95 274.29 278.16 254.24 220.54 187.73 207.37 185.82
Valuation Ratio
P/BV ratio4 66.45 56.00 48.27 55.19 52.38 49.43 48.82 59.56 60.92 53.00 50.12 47.81 52.75 58.15 55.91 56.35 50.25 41.94 33.57 40.96 34.02
Benchmarks
P/BV Ratio, Competitors5
Accenture PLC 7.26 7.13 8.46 9.85 12.45 11.06 9.57 9.27 9.38 8.51 8.64 6.53 8.73 8.15 8.50 8.38 7.22 9.44 10.77 9.99 10.78
Adobe Inc. 12.24 11.22 9.10 12.33 15.78 15.94 19.07 20.14 16.77 16.53 19.27 19.03 14.08 16.03 13.41 14.11 12.97 12.76 14.79 13.37 12.12
International Business Machines Corp. 5.29 5.34 5.99 5.98 6.43 5.90 4.99 5.83 5.93 5.24 4.65 5.39 5.61 6.04 6.67 7.52 7.55 — — — —
Intuit Inc. 6.64 7.20 5.97 8.81 18.30 15.71 12.05 12.32 18.11 17.71 15.95 20.02 19.43 20.00 15.37 23.25 18.21 24.12 20.68 38.10 33.53
Microsoft Corp. 10.77 12.38 12.40 13.52 15.32 15.16 14.67 13.45 13.07 13.11 11.75 11.61 9.87 10.30 10.10 8.86 9.14 10.02 9.14 9.34 6.78
Oracle Corp. — — — — — 41.57 21.84 22.54 19.31 14.01 10.62 11.23 9.59 8.59 7.70 5.45 4.92 3.84 4.02 3.54 3.60
Palo Alto Networks Inc. 99.68 251.98 141.27 399.29 100.84 71.88 35.40 35.42 36.65 20.61 30.82 12.21 14.24 12.91 13.49 22.29 13.10 22.92 26.22 25.13 20.63
Salesforce Inc. 2.98 3.37 4.51 4.70 5.10 4.73 5.13 6.42 4.60 4.48 4.17 7.74 7.48 7.66 7.32 8.54 8.58 — — — —
ServiceNow Inc. 16.55 18.36 18.56 21.02 25.22 30.36 38.72 35.47 32.82 40.91 37.26 33.38 29.58 31.48 31.83 38.92 41.50 — — — —
Synopsys Inc. 9.58 9.24 9.90 8.43 8.17 10.50 9.38 7.26 8.37 7.57 7.04 6.04 5.41 5.16 5.22 4.47 4.08 3.68 4.81 4.04 4.04

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2023 Calculation
BVPS = Total Mastercard Incorporated stockholders’ equity ÷ No. shares of common stock outstanding
= 5,330,000,000 ÷ 947,852,601 = 5.62

3 Closing price as at the filing date of Mastercard Inc. Quarterly or Annual Report.

4 Q1 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 373.67 ÷ 5.62 = 66.45

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Mastercard Inc. P/BV ratio increased from Q3 2022 to Q4 2022 and from Q4 2022 to Q1 2023.