Mastercard Incorporated (MA) P/E Ratio History
Historical price-to-earnings valuation from 2006 to 2025
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Valuation Context
How does the current P/E compare to historical and market benchmarks?
P/E Ratio Analysis
As of March 1, 2026, Mastercard Incorporated (MA) trades at a price-to-earnings ratio of 31.3x, with a stock price of $517.21 and trailing twelve-month earnings per share of $16.67.
The current P/E is 17% below its 5-year average of 37.9x. Over the past five years, MA's P/E has ranged from a low of 28.4x to a high of 54.5x, placing the current valuation at the 5th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.8x, MA trades at a 127% premium to its sector peers. The sector includes 789 companies with P/E ratios ranging from 0.0x to 196.2x.
The PEG ratio of 1.49 (P/E divided by 19% EPS growth) suggests a fair valuation relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, MA trades roughly in line with the S&P 500 median P/E of 26.2x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our MA DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
Peer Comparison
P/E metrics vs. Payment Networks and Merchant Acquiring peers
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
MAMastercard Incorporated | $458B | 31.3 | 1.49 | +19% |
AXPAmerican Express Company | $213B | 22.0 | 1.85 | +25% |
PYPLPayPal Holdings, Inc. | $43B | 8.5 | 0.96Best | +36%Best |
WUThe Western Union Company | $3B | 6.3Lowest | - | -44% |
VVisa Inc. | $3B | 31.4 | 1.98 | +5% |
PMTSCPI Card Group Inc. | $140M | 7.5 | - | -18% |
Peers sorted by market capitalization. P/E below peers may indicate undervaluation or lower growth expectations. Consider PEG ratio for growth-adjusted comparison.
Historical P/E Data
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Date | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2025 Q4 | Wed Dec 31 2025 00:00:00 GM | $570.88 | $16.52 | 34.6x | -13% |
| FY2025 Q3 | $568.81 | $15.64 | 36.4x | -8% | |
| FY2025 Q2 | Mon Jun 30 2025 00:00:00 GM | $561.94 | $14.83 | 37.9x | -4% |
| FY2025 Q1 | Mon Mar 31 2025 00:00:00 GM | $548.12 | $14.26 | 38.4x | -3% |
| FY2024 Q4 | $526.57 | $13.89 | 37.9x | -4% | |
| FY2024 Q3 | Mon Sep 30 2024 00:00:00 GM | $493.80 | $13.22 | 37.4x | -6% |
| FY2024 Q2 | Sun Jun 30 2024 00:00:00 GM | $441.16 | $13.08 | 33.7x | -15% |
| FY2024 Q1 | Sun Mar 31 2024 00:00:00 GM | $481.57 | $12.58 | 38.3x | -3% |
| FY2023 Q4 | Sun Dec 31 2023 00:00:00 GM | $426.51 | $11.83 | 36.1x | -9% |
| FY2023 Q3 | Sat Sep 30 2023 00:00:00 GM | $395.91 | $11.48 | 34.5x | -13% |
| FY2023 Q2 | Fri Jun 30 2023 00:00:00 GM | $393.30 | $10.67 | 36.9x | -7% |
| FY2023 Q1 | Fri Mar 31 2023 00:00:00 GM | $363.41 | $10.01 | 36.3x | -8% |
Average P/E for displayed period: 39.6x
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Start ComparisonFrequently Asked Questions
Is MA stock overvalued or undervalued?
MA trades at 31.3x P/E, near its 5-year average of 37.9x. The 5th percentile ranking places valuation within normal historical bounds.
How does MA's valuation compare to peers?
Mastercard Incorporated P/E of 31.3x compares to sector median of 13.8x. The premium reflects expected growth above peers.
What is MA's PEG ratio?
MA PEG ratio is 1.49. Between 1-2 suggests valuation aligns with growth. Historical P/E data spans 2006-2025.