Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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)
Fiserv Inc., historical price multiples (quarterly data)
Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| 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. | Fiserv Inc. P/E ratio decreased from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
| 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. | Fiserv Inc. P/OP ratio decreased from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
| 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. | Fiserv Inc. P/S ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 not reaching Q3 2021 level. |
| 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. | Fiserv Inc. P/BV ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 exceeding Q3 2021 level. |
Price to Earnings (P/E)
Fiserv Inc., historical P/E calculation (quarterly data)
| 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 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 646,394,065 | 652,196,905 | 660,231,928 | 662,204,715 | 666,769,382 | 669,459,877 | 670,437,918 | 669,649,953 | 669,484,281 | 679,098,783 | 679,895,001 | 392,972,846 | 392,439,838 | 391,586,971 | 398,470,777 | 404,927,094 | 409,436,764 | 413,215,728 | 416,798,788 | 420,931,080 | 424,755,962 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Net income attributable to Fiserv, Inc. (in millions) | 669) | 333) | 428) | 269) | 304) | 300) | 264) | 2) | 392) | 247) | 198) | 223) | 225) | 286) | 227) | 251) | 423) | 546) | 232) | 221) | 247) | |||||||
| Earnings per share (EPS)2 | 2.63 | 2.05 | 1.97 | 1.72 | 1.30 | 1.43 | 1.35 | 1.25 | 1.58 | 1.31 | 1.37 | 2.45 | 2.52 | 3.03 | 3.63 | 3.59 | 3.47 | 3.02 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 104.74 | 95.56 | 98.53 | 113.91 | 123.42 | 115.37 | 93.52 | 102.38 | 104.78 | 108.54 | 109.65 | 102.30 | 85.93 | 84.75 | 74.91 | 74.74 | 69.03 | 71.06 | 62.76 | 61.99 | 59.95 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/E ratio4 | 39.85 | 46.72 | 50.00 | 66.34 | 94.59 | 80.62 | 69.28 | 81.71 | 66.18 | 82.54 | 79.99 | 41.83 | 34.10 | 27.96 | 20.63 | 20.84 | 19.88 | 23.57 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Accenture PLC | 40.88 | 36.58 | 32.02 | 31.11 | 31.97 | 28.32 | 27.95 | 20.33 | 27.24 | 24.58 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Adobe Inc. | 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 | — | — | — | — | — | — | — | |||||||
| Autodesk Inc. | 46.55 | 47.53 | 142.59 | 157.79 | 157.35 | 152.72 | 263.67 | 556.06 | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 56.00 | 53.88 | 66.92 | 59.14 | 61.38 | 62.89 | 29.42 | 28.44 | 21.90 | 20.22 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 22.19 | 19.40 | 23.26 | 23.99 | 23.63 | 19.30 | 12.46 | 14.07 | 12.44 | 13.35 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 85.13 | 75.17 | 56.40 | 62.56 | 48.28 | 49.52 | 56.56 | 45.75 | 44.67 | 48.17 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 34.30 | 35.14 | 35.22 | 34.15 | 33.95 | 35.04 | 29.08 | 28.84 | 25.48 | 26.86 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Oracle Corp. | 17.45 | 15.84 | 15.15 | 17.19 | 17.88 | 16.69 | 14.05 | 15.99 | 16.13 | 16.89 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palantir Technologies Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 48.91 | 48.20 | 58.10 | 104.23 | — | 1,204.70 | 188.52 | 139.92 | 106.17 | 107.70 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | 452.04 | 487.70 | 620.23 | 681.34 | 654.66 | 978.47 | 142.19 | 113.61 | 99.10 | 106.89 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Synopsys Inc. | 48.45 | 73.37 | 64.13 | 45.71 | 56.52 | 55.92 | 51.53 | 54.36 | 46.45 | 39.55 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2022 Calculation
EPS
= (Net income attributable to Fiserv, Inc.Q1 2022
+ Net income attributable to Fiserv, Inc.Q4 2021
+ Net income attributable to Fiserv, Inc.Q3 2021
+ Net income attributable to Fiserv, Inc.Q2 2021)
÷ No. shares of common stock outstanding
= (669,000,000 + 333,000,000 + 428,000,000 + 269,000,000)
÷ 646,394,065 = 2.63
3 Closing price as at the filing date of Fiserv Inc. Quarterly or Annual Report.
4 Q1 2022 Calculation
P/E ratio = Share price ÷ EPS
= 104.74 ÷ 2.63 = 39.85
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. | Fiserv Inc. P/E ratio decreased from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Price to Operating Profit (P/OP)
Fiserv Inc., historical P/OP calculation (quarterly data)
| 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 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 646,394,065 | 652,196,905 | 660,231,928 | 662,204,715 | 666,769,382 | 669,459,877 | 670,437,918 | 669,649,953 | 669,484,281 | 679,098,783 | 679,895,001 | 392,972,846 | 392,439,838 | 391,586,971 | 398,470,777 | 404,927,094 | 409,436,764 | 413,215,728 | 416,798,788 | 420,931,080 | 424,755,962 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Operating income (in millions) | 846) | 533) | 636) | 644) | 475) | 516) | 542) | 165) | 629) | 478) | 374) | 384) | 373) | 431) | 356) | 358) | 608) | 425) | 370) | 372) | 365) | |||||||
| Operating profit per share2 | 4.11 | 3.51 | 3.44 | 3.29 | 2.55 | 2.77 | 2.71 | 2.46 | 2.79 | 2.37 | 2.30 | 3.93 | 3.87 | 4.48 | 4.38 | 4.35 | 4.34 | 3.71 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 104.74 | 95.56 | 98.53 | 113.91 | 123.42 | 115.37 | 93.52 | 102.38 | 104.78 | 108.54 | 109.65 | 102.30 | 85.93 | 84.75 | 74.91 | 74.74 | 69.03 | 71.06 | 62.76 | 61.99 | 59.95 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/OP ratio4 | 25.46 | 27.24 | 28.64 | 34.65 | 48.46 | 41.70 | 34.56 | 41.65 | 37.61 | 45.81 | 47.73 | 26.04 | 22.21 | 18.93 | 17.09 | 17.19 | 15.92 | 19.17 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Accenture PLC | 31.03 | 28.35 | 25.67 | 24.96 | 25.29 | 22.21 | 21.16 | 15.44 | 20.55 | 18.63 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Adobe Inc. | 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 | — | — | — | — | — | — | — | |||||||
| Autodesk Inc. | 95.50 | 91.28 | 105.67 | 109.98 | 107.00 | 95.51 | 155.77 | 206.35 | 637.38 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 46.60 | 48.13 | 60.37 | 53.96 | 56.52 | 57.54 | 55.62 | 55.49 | 43.23 | 40.67 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 17.07 | 16.23 | 19.92 | 19.33 | 17.63 | 15.90 | 10.75 | 12.76 | 12.48 | 11.94 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 71.64 | 62.00 | 46.48 | 52.54 | 39.99 | 41.56 | 49.11 | 39.04 | 37.66 | 40.45 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 31.35 | 30.79 | 30.72 | 29.13 | 28.71 | 29.30 | 25.90 | 25.91 | 22.91 | 24.54 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Oracle Corp. | 15.78 | 14.31 | 12.98 | 12.20 | 12.88 | 12.17 | 10.92 | 12.75 | 12.96 | 13.83 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palantir Technologies Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 228.93 | 431.39 | 914.43 | 3,682.10 | — | 511.08 | 295.22 | 267.46 | 221.93 | 223.46 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | 408.11 | 436.46 | 570.38 | 493.80 | 404.36 | 583.07 | 475.62 | 421.22 | 625.53 | 1,590.30 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Synopsys Inc. | 47.17 | 75.64 | 65.25 | 49.28 | 59.98 | 59.90 | 58.40 | 54.81 | 48.73 | 40.48 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2022 Calculation
Operating profit per share
= (Operating incomeQ1 2022
+ Operating incomeQ4 2021
+ Operating incomeQ3 2021
+ Operating incomeQ2 2021)
÷ No. shares of common stock outstanding
= (846,000,000 + 533,000,000 + 636,000,000 + 644,000,000)
÷ 646,394,065 = 4.11
3 Closing price as at the filing date of Fiserv Inc. Quarterly or Annual Report.
4 Q1 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 104.74 ÷ 4.11 = 25.46
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. | Fiserv Inc. P/OP ratio decreased from Q3 2021 to Q4 2021 and from Q4 2021 to Q1 2022. |
Price to Sales (P/S)
Fiserv Inc., historical P/S calculation (quarterly data)
| 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 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 646,394,065 | 652,196,905 | 660,231,928 | 662,204,715 | 666,769,382 | 669,459,877 | 670,437,918 | 669,649,953 | 669,484,281 | 679,098,783 | 679,895,001 | 392,972,846 | 392,439,838 | 391,586,971 | 398,470,777 | 404,927,094 | 409,436,764 | 413,215,728 | 416,798,788 | 420,931,080 | 424,755,962 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Revenue (in millions) | 4,138) | 4,257) | 4,163) | 4,051) | 3,755) | 3,832) | 3,786) | 3,465) | 3,769) | 4,045) | 3,128) | 1,512) | 1,502) | 1,551) | 1,412) | 1,420) | 1,440) | 1,516) | 1,400) | 1,386) | 1,394) | |||||||
| Sales per share2 | 25.69 | 24.88 | 23.93 | 23.29 | 22.25 | 22.19 | 22.47 | 21.51 | 18.60 | 15.00 | 11.31 | 15.21 | 15.00 | 14.87 | 14.53 | 14.26 | 14.02 | 13.78 | 0.00 | 0.00 | 0.00 | |||||||
| Share price1, 3 | 104.74 | 95.56 | 98.53 | 113.91 | 123.42 | 115.37 | 93.52 | 102.38 | 104.78 | 108.54 | 109.65 | 102.30 | 85.93 | 84.75 | 74.91 | 74.74 | 69.03 | 71.06 | 62.76 | 61.99 | 59.95 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/S ratio4 | 4.08 | 3.84 | 4.12 | 4.89 | 5.55 | 5.20 | 4.16 | 4.76 | 5.63 | 7.24 | 9.69 | 6.73 | 5.73 | 5.70 | 5.16 | 5.24 | 4.92 | 5.16 | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Accenture PLC | 4.72 | 4.28 | 3.86 | 3.72 | 3.75 | 3.26 | 3.11 | 2.26 | 3.01 | 2.72 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Adobe Inc. | 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 | — | — | — | — | — | — | — | |||||||
| Autodesk Inc. | 15.51 | 15.15 | 16.75 | 16.19 | 14.02 | 10.00 | 12.49 | 10.82 | 12.79 | 13.21 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 13.21 | 12.55 | 15.59 | 13.88 | 14.33 | 13.85 | 12.56 | 11.87 | 9.14 | 8.56 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 46.77 | 48.70 | 46.83 | 43.35 | 37.61 | 22.79 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 2.10 | 1.94 | 1.82 | 1.96 | 1.83 | 1.47 | 1.31 | 1.47 | 1.46 | 1.63 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Intuit Inc. | 17.26 | 16.09 | 13.50 | 14.16 | 12.12 | 11.78 | 11.03 | 10.47 | 10.18 | 11.05 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 13.21 | 12.81 | 12.33 | 11.43 | 10.96 | 10.85 | 9.70 | 9.52 | 8.07 | 8.38 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Oracle Corp. | 5.96 | 5.38 | 4.90 | 4.53 | 4.67 | 4.33 | 3.80 | 4.42 | 4.47 | 4.74 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palantir Technologies Inc. | 9.27 | 15.58 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 11.48 | 10.72 | 8.85 | 9.71 | 7.64 | 6.66 | 7.03 | 6.29 | 7.16 | 7.06 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 9.72 | 9.24 | 10.19 | 12.73 | 8.72 | 8.88 | 8.75 | 9.02 | 8.77 | 9.00 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| ServiceNow Inc. | 16.11 | 19.02 | 24.74 | 22.46 | 20.63 | 25.66 | 23.60 | 20.92 | 18.03 | 19.36 | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Synopsys Inc. | 9.78 | 13.22 | 11.85 | 9.27 | 10.69 | 10.08 | 9.21 | 7.59 | 6.65 | 6.27 | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2022 Calculation
Sales per share
= (RevenueQ1 2022
+ RevenueQ4 2021
+ RevenueQ3 2021
+ RevenueQ2 2021)
÷ No. shares of common stock outstanding
= (4,138,000,000 + 4,257,000,000 + 4,163,000,000 + 4,051,000,000)
÷ 646,394,065 = 25.69
3 Closing price as at the filing date of Fiserv Inc. Quarterly or Annual Report.
4 Q1 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 104.74 ÷ 25.69 = 4.08
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. | Fiserv Inc. P/S ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 not reaching Q3 2021 level. |
Price to Book Value (P/BV)
Fiserv Inc., historical P/BV calculation (quarterly data)
| 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 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 646,394,065 | 652,196,905 | 660,231,928 | 662,204,715 | 666,769,382 | 669,459,877 | 670,437,918 | 669,649,953 | 669,484,281 | 679,098,783 | 679,895,001 | 392,972,846 | 392,439,838 | 391,586,971 | 398,470,777 | 404,927,094 | 409,436,764 | 413,215,728 | 416,798,788 | 420,931,080 | 424,755,962 | |||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||||
| Total Fiserv, Inc. shareholders’ equity (in millions) | 31,272) | 30,952) | 31,596) | 31,793) | 31,851) | 32,330) | 31,692) | 31,583) | 31,843) | 32,979) | 32,669) | 2,546) | 2,394) | 2,293) | 2,661) | 2,850) | 2,971) | 2,731) | 2,350) | 2,391) | 2,424) | |||||||
| Book value per share (BVPS)2 | 48.38 | 47.46 | 47.86 | 48.01 | 47.77 | 48.29 | 47.27 | 47.16 | 47.56 | 48.56 | 48.05 | 6.48 | 6.10 | 5.86 | 6.68 | 7.04 | 7.26 | 6.61 | 5.64 | 5.68 | 5.71 | |||||||
| Share price1, 3 | 104.74 | 95.56 | 98.53 | 113.91 | 123.42 | 115.37 | 93.52 | 102.38 | 104.78 | 108.54 | 109.65 | 102.30 | 85.93 | 84.75 | 74.91 | 74.74 | 69.03 | 71.06 | 62.76 | 61.99 | 59.95 | |||||||
| Valuation Ratio | ||||||||||||||||||||||||||||
| P/BV ratio4 | 2.16 | 2.01 | 2.06 | 2.37 | 2.58 | 2.39 | 1.98 | 2.17 | 2.20 | 2.24 | 2.28 | 15.79 | 14.09 | 14.47 | 11.22 | 10.62 | 9.51 | 10.75 | 11.13 | 10.91 | 10.50 | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||||
| Accenture PLC | 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 | — | — | — | — | — | — | — | — | |||||||
| Adobe Inc. | 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 | — | — | — | — | |||||||
| Autodesk Inc. | 53.52 | 59.48 | 882.10 | 851.54 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | 15.10 | 13.68 | 17.63 | 15.94 | 15.79 | 14.90 | 13.22 | 12.81 | 10.07 | 9.51 | 12.65 | 14.23 | 13.21 | — | — | — | — | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 55.02 | 48.91 | 43.84 | 35.86 | 28.17 | 14.78 | 14.59 | 23.58 | 235.40 | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| International Business Machines Corp. | 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. | 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 | — | — | — | — | — | — | — | — | |||||||
| Microsoft Corp. | 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 | — | — | — | — | — | — | — | — | |||||||
| 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 | — | — | — | — | — | — | — | — | |||||||
| Palantir Technologies Inc. | 6.46 | 10.48 | 21.63 | 23.50 | 19.63 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 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 | — | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 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. | 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. | 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 | — | — | — | — | — | — | — | — | |||||||
Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Data adjusted for splits and stock dividends.
2 Q1 2022 Calculation
BVPS = Total Fiserv, Inc. shareholders’ equity ÷ No. shares of common stock outstanding
= 31,272,000,000 ÷ 646,394,065 = 48.38
3 Closing price as at the filing date of Fiserv Inc. Quarterly or Annual Report.
4 Q1 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 104.74 ÷ 48.38 = 2.16
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. | Fiserv Inc. P/BV ratio decreased from Q3 2021 to Q4 2021 but then increased from Q4 2021 to Q1 2022 exceeding Q3 2021 level. |