Visa's valuation multiple picked up in 2024 after the company's market cap recovered from a decline since 2020. This is according to a historical timeline of Visa's market capitalization and price-to-earnings, or P/E, ratio. The global card network consistently reached double-digit P/E ratios - meaning Visa's stock price was relatively high compared to its actual earnings. Indeed, investors held so much faith in Visa, that it ranked as the world's largest fintech company based on market cap.
Market capitalization and price-to-earnings (P/E) ratio of Visa Inc. from 2008 to 2024
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CompaniesMarketCap.com. (October 14, 2024). Market capitalization and price-to-earnings (P/E) ratio of Visa Inc. from 2008 to 2024 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1498510/market-cap-and-pe-ratio-of-visa/
CompaniesMarketCap.com. "Market capitalization and price-to-earnings (P/E) ratio of Visa Inc. from 2008 to 2024." Chart. October 14, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1498510/market-cap-and-pe-ratio-of-visa/
CompaniesMarketCap.com. (2024). Market capitalization and price-to-earnings (P/E) ratio of Visa Inc. from 2008 to 2024. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1498510/market-cap-and-pe-ratio-of-visa/
CompaniesMarketCap.com. "Market Capitalization and Price-to-earnings (P/E) Ratio of Visa Inc. from 2008 to 2024." Statista, Statista Inc., 14 Oct 2024, https://www.statista.com/statistics/1498510/market-cap-and-pe-ratio-of-visa/
CompaniesMarketCap.com, Market capitalization and price-to-earnings (P/E) ratio of Visa Inc. from 2008 to 2024 Statista, https://www.statista.com/statistics/1498510/market-cap-and-pe-ratio-of-visa/ (last visited November 22, 2024)
Market capitalization and price-to-earnings (P/E) ratio of Visa Inc. from 2008 to 2024 [Graph], CompaniesMarketCap.com, October 14, 2024. [Online]. Available: https://www.statista.com/statistics/1498510/market-cap-and-pe-ratio-of-visa/