Mastercard: Not Cheap, But Cheap Enough

2026-03-06 03:50:22 ET

It has been a long time since I published my last article about Mastercard Incorporated ( MA ) in March 2023 – three years ago. In the conclusion of my last article, I wrote:

I would still see Mastercard as neither overvalued nor a bargain. In my opinion, the stock can be called fairly valued and when purchasing the stock today as a long-term investment, you probably won’t make a huge investment mistake.

The reason why I don’t buy Mastercard myself is rather complicated. I expect the global economy to hit the wall in the coming quarters and assume a recession is upon us. And in such an environment I don’t want to buy stocks which are not clearly undervalued already. And when looking at the previous recession, Mastercard – as well as its peer Visa – saw its stock price decline between 50% and 60%. To be honest, I see a similar scenario in the coming quarters for both stocks (Mastercard as well as Visa).

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