Mastercard Incorporated (MA) is overvalued and Visa Inc (V) is overvalued.
Both trade above our estimate of their intrinsic value. MA is the closer of the two: -23%, against -45% for V.
Values as of the 22 Sept 2026 close.
Discounting its cash flows at 9.0% (average of 3 methods) values the shares at $451.02; the price of $555.89 is 23% above that value, and 77% of that value comes from beyond year five.
Leak Score 70/100 on 9 of 12 signals
Discounting its cash flows at 9.0% (average of 3 methods) values the shares at $249.15; the price of $362.04 is 45% above that value, and 76% of that value comes from beyond year five.
Leak Score 59/100 on 9 of 12 signals
| Metric | MA | V |
|---|---|---|
| Verdict | Overvalued | Overvalued |
| Price | $555.89 | $362.04 |
| Intrinsic value | $451.02 | $249.15 |
| Margin of safety | -23% | -45% |
| Leak Score | 70/100 (9/12) | 59/100 (9/12) |
| Market cap | $487.0B | $675.9B |
| Revenue growth, 5 years | 16.5% | 12.9% |
| Operating margin | 59.2% | 67.0% |
| Net margin | 46.3% | 50.4% |
| Return on equity | 241.5% | 60.7% |
| Debt to equity | 4.39 | 0.68 |
| P/E | 30.6x | 31.1x |
| Forward P/E | 24.1x | 24.1x |
| P/B | 87.0x | 19.5x |
| Dividend yield | 0.6% | 0.8% |