Mastercard Incorporated (M4I) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Mastercard Incorporated €319, price €490, upside -34.8%, quality 81 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? Yes
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Mastercard Incorporated
M4I · XETRAGreat Company, Expensive PriceHigh Quality, but the stock trades above estimated Fair Value.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 29, 2026.
How to read this chart
60‑month range €269.81 – €545.89 · fair‑value band €146.42 – €500.70 · the €489.60 price screens above the €319.43 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 29, 2026.
Company profile
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally.
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Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers products and services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; consumer bill payment services; and commercial credit, debit, and prepaid payment products and solutions. It also provides solutions that enable businesses or governments to make payments to businesses, including Virtual Card Number, which is generated dynamically from an existing account and leverages the credit limit of the funding account; and a platform to optimize supplier payment enablement campaigns for financial institutions. In addition, the company offers Mastercard Move, which partners with digital messaging and payment platforms to enable consumers to send money directly within applications to other consumers; and partners with central banks, fintechs, and financial institutions, as well as enables various cross-border payment flows. Further, it provides security solutions; marketing, personalization, and issuer and merchant loyalty services; business and operational intelligence, advanced analytics and AI, consulting and agentic solutions, and payments and portfolio optimization; digital and authentication; processing and gateway solutions; and other solutions. The company offers payment solutions and services under the MasterCard, Maestro, and Cirrus names. Mastercard Incorporated was founded in 1966 and is headquartered in Purchase, New York.
Stock analysis
Mastercard Incorporated (M4I) currently trades at €489.60, while our model-based Fair Value estimate is €319.43, 34.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of €309.41 per share, and 1 of the 13 models we run sit above the €489.60 price.
Bear case: the Economic Profit group reads lowest at €43.21, and 12 of the 13 models stay below the price. Evidence for this calculation is high.
Scenario range: €146.42 (bear) to €500.70 (bull), the price of €489.60 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 81/100 (high quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Mastercard Incorporated reported revenue of $32.8B in FY2025 versus $18.9B in FY2021, a compound +14.8%/yr. Reported net income was $15.0B in FY2025, compounding +14.6%/yr from FY2021.
Key figures
Market cap €444B · P/E ratio 32.0 · P/S ratio 14.6 · EPS (TTM) €15.20 · Dividend yield 0.7% · Net margin 45.6% · Return on equity 232% · Return on assets (EBIT) 32.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at −35%, M4I screens richer than that median.
Fair Value models
All 13 models by family
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Set up alert →Quality Score breakdown
Of which business quality 80 · Market factors (momentum, volatility) 61
Revenue & earnings trend
Growth Forecast
M4I screens overvalued: fair value 35% below the price. Compare with Visa Inc →
Compare Mastercard Incorporated with another stock
Price, fair value, quality and upside side by side.
Context: sector, industry, market
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: German Stocks
- Valuation of the Germany market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Credit Services stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Visa Inc V | $359.33 | $221.29 | −38% |
| American Express Company AXP | $304.10 | $208.54 | −31% |
| Capital One Financial Corporation COF | $193.07 | $125.94 | −35% |
| Bajaj Finance Limited BAJFINANCE | ₹948.30 | ₹1,100 | +16% |
| PayPal Holdings PYPL | $53.06 | $104.12 | +96% |
| Shriram Finance Limited SHRIRAMFIN | ₹994.10 | ₹1,364 | +37% |
| Affirm Holdings AFRM | $67.21 | $73.93 | +10% |
| Synchrony Financial, SYF | $71.52 | $141.92 | +98% |
| SoFi Technologies, Inc SOFI | $15.72 | $5.53 | −65% |
| Tata Capital Limited TATACAP | ₹339.15 | ₹149.40 | −56% |
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Key figures of Mastercard Incorporated
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