Stock Analysis on Net

Visa Inc. (NYSE:V)

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

Price to Book Value (P/BV) 
since 2008

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Calculation

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

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Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).

1 US$

2 Data adjusted for splits and stock dividends.

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


The analysis of the financial indicators over the reported years reveals several notable trends concerning the share price, book value per share (BVPS), and the price-to-book value ratio (P/BV).

Share Price
The share price demonstrates a consistent upward trajectory from 2008 through 2022. Starting at $11.60 in 2008, the price rose steadily with minor fluctuations, reaching $210.14 by 2022. The most significant gains appear after 2014, with notable acceleration around 2016 to 2018, indicating strong market confidence and potential growth in company performance or market conditions. There is a slight dip from 207.57 in 2020 to 203.33 in 2021, but the overall trend remains positive.
Book Value Per Share (BVPS)
The BVPS shows a gradual but steady increase throughout the period from $6.81 in 2008 to a peak of $17.83 in 2021, followed by a marginal decline to $17.26 in 2022. This steady growth in BVPS reflects the company’s accumulation of equity and possibly retained earnings over time, pointing to an overall strengthening of the company's net asset base on a per-share basis. The relatively small decrease at the end could warrant further examination.
Price-to-Book Value Ratio (P/BV)
The P/BV ratio has increased substantially, moving from 1.7 in 2008 to over 12 in recent years. This ratio peaked at 12.23 in 2020, dipped to 11.41 in 2021, but rose again to 12.18 in 2022. The steady climb in the P/BV ratio suggests that investors are willing to pay a higher premium relative to the company's book value, indicating expectations of strong future growth, profitability, or other qualitative factors such as brand strength or market positioning. The occasional dips in this ratio might relate to short-term market adjustments or changes in perceived risk.

Overall, the data indicates a company experiencing growth in intrinsic value as measured by book value per share, accompanied by increasing investor optimism as reflected by the rising share price and P/BV ratio. The minor declines observed in 2021 for BVPS and share price may warrant monitoring but do not significantly detract from the overall positive trend.


Comparison to Competitors

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

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Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).


Comparison to Sector (Software & Services)

Visa Inc., P/BV, long-term trends, comparison to sector (software & services)

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Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).


Comparison to Industry (Information Technology)

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

Microsoft Excel

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).