Forward P/E valuation for Mastercard based on normalized adjusted diluted earnings power. The model uses Q1 2026 adjusted EPS and revenue growth as the starting point, then flexes forward EPS and the valuation multiple.
as of 2026-09-11
Fair value per share
$551.00
Upside/downside
-6.5%
Forward adjusted net income
$17.0k
Implied equity value
$492.0k
Target forward P/E
29.0
Capitalization
893.00M shares
Forecast
19.00$/share
Market
589.14$/share
Latest MA quote · updated Oct 9, 2026 2:00 PM MDT
Valuation
29.00x
Sources
September 11 Modeledge reference share price $569.19. The share quote changes market-relative outputs, not operating forecasts or intrinsic fair value. (accessed 2026-09-11)
September 10 conference reported resilient spending, first four weeks of August volume broadly consistent with the first four weeks of July, continued services demand, and longer-term stablecoin/BVNK opportunities. BVNK closed August 3; no new EPS guidance was supplied at the conference. Preserve the existing $19 normalized forward-EPS assumption and 29x multiple while the older source backlog remains open. — modeledge.ai (accessed 2026-09-11)
Mastercard reported Q1 2026 adjusted diluted EPS of $4.60, net revenue growth of 16%, and currency-neutral net revenue growth of 12%. — sec.gov (accessed 2026-07-18)
Q1 2026 diluted weighted-average shares were approximately 893 million. — sec.gov (accessed 2026-07-18)
Built with Modeledge MCP
Connect your MCP client to research filings and earnings calls, then build a living financial model like this one.