Stock Analysis on Net

Automatic Data Processing Inc. (NASDAQ:ADP)

This company has been moved to the archive! The financial data has not been updated since April 29, 2022.

Common Stock Valuation Ratios (Price Multiples) 
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Automatic Data Processing Inc., historical price multiples (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
Price to earnings (P/E) 31.85 31.56 35.08 34.52 32.19 28.68 27.24 23.49 23.85 30.04 29.56 31.75 36.20 33.56 35.76 36.29 31.06 30.98 28.71 28.56 25.34 25.24 26.44 27.41
Price to operating profit (P/OP) 24.86 24.44 27.34 26.98 25.04 22.46 21.35 18.44 18.74 23.46 22.74 24.07 23.79 21.71 23.45 23.42 23.30 22.77 21.57 21.27 18.72 18.31 17.88 18.67
Price to sales (P/S) 5.66 5.52 6.16 5.98 5.43 4.88 4.65 3.97 4.10 5.10 4.88 5.13 4.98 4.40 4.55 4.41 4.22 4.17 4.04 4.00 3.63 3.55 3.40 3.51
Price to book value (P/BV) 21.74 17.15 17.68 15.82 14.02 12.07 11.66 10.07 10.99 13.79 13.07 13.48 13.29 12.79 13.18 17.00 13.71 13.58 12.83 12.45 10.81 11.21 9.48 9.13 8.75 8.93 8.66

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

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. Automatic Data Processing Inc. P/E ratio decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 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. Automatic Data Processing Inc. P/OP ratio decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 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. Automatic Data Processing Inc. P/S ratio decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.
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. Automatic Data Processing Inc. P/BV ratio decreased from Q1 2022 to Q2 2022 but then increased from Q2 2022 to Q3 2022 exceeding Q1 2022 level.

Price to Earnings (P/E)

Automatic Data Processing Inc., historical P/E calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
No. shares of common stock outstanding1 417,747,152 420,045,265 421,384,042 423,080,556 425,518,320 427,940,220 428,813,999 429,965,405 429,774,376 431,754,252 432,698,089 433,942,837 435,228,237 435,629,656 437,732,499 438,082,756 440,522,324 443,269,657 443,489,730 444,374,752 447,410,344 448,902,582 451,173,217 456,176,951 455,534,803 457,451,131 461,206,624
Selected Financial Data (US$)
Net earnings (in thousands) 928,500 694,400 700,500 538,200 810,700 647,500 602,100 411,600 820,900 651,600 582,400 475,500 753,700 558,200 505,400 108,700 643,100 467,500 401,500 265,900 587,900 510,900 368,700 282,000 532,500 341,400 336,600
Earnings per share (EPS)2 6.85 6.53 6.40 6.14 5.81 5.80 5.80 5.74 5.89 5.71 5.48 5.28 4.43 4.17 3.94 3.70 4.04 3.89 3.98 3.90 3.91 3.77 3.38 3.27 0.00 0.00 0.00
Share price1, 3 218.18 206.17 224.49 212.00 186.99 166.35 157.96 134.77 140.42 171.39 161.88 167.73 160.19 139.84 140.91 134.25 125.36 120.42 114.34 111.39 99.10 95.25 89.33 89.67 86.45 82.15 86.98
Valuation Ratio
P/E ratio4 31.85 31.56 35.08 34.52 32.19 28.68 27.24 23.49 23.85 30.04 29.56 31.75 36.20 33.56 35.76 36.29 31.06 30.98 28.71 28.56 25.34 25.24 26.44 27.41
Benchmarks
P/E Ratio, Competitors5
Accenture PLC 27.30 31.69 40.88 36.58 32.02 31.11 31.97 28.32 27.95 20.33 27.24 24.58
Adobe Inc. 27.18 35.27 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. 43.19 50.71 46.55 47.53 142.59 157.79 157.35 152.72 263.67 556.06
Cadence Design Systems Inc. 55.98 59.24 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. 95.23 20.78 22.19 19.40 23.26 23.99 23.63 19.30 12.46 14.07 12.44 13.35
Intuit Inc. 40.47 63.28 85.13 75.17 56.40 62.56 48.28 49.52 56.56 45.75 44.67 48.17
Microsoft Corp. 27.89 30.38 34.30 35.14 35.22 34.15 33.95 35.04 29.08 28.84 25.48 26.86
Oracle Corp. 27.46 26.70 17.45 15.84 15.15 17.19 17.88 16.69 14.05 15.99 16.13 16.89
Palo Alto Networks Inc.
Salesforce Inc. 147.95 110.94 48.91 48.20 58.10 104.23 1,204.70 188.52 139.92 106.17 107.70
ServiceNow Inc. 417.74 479.20 452.04 487.70 620.23 681.34 654.66 978.47 142.19 113.61 99.10 106.89
Synopsys Inc. 53.76 46.52 48.45 73.37 64.13 45.71 56.52 55.92 51.53 54.36 46.45 39.55 32.80 28.89 26.11 29.60

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
EPS = (Net earningsQ3 2022 + Net earningsQ2 2022 + Net earningsQ1 2022 + Net earningsQ4 2021) ÷ No. shares of common stock outstanding
= (928,500,000 + 694,400,000 + 700,500,000 + 538,200,000) ÷ 417,747,152 = 6.85

3 Closing price as at the filing date of Automatic Data Processing Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/E ratio = Share price ÷ EPS
= 218.18 ÷ 6.85 = 31.85

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. Automatic Data Processing Inc. P/E ratio decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.

Price to Operating Profit (P/OP)

Automatic Data Processing Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
No. shares of common stock outstanding1 417,747,152 420,045,265 421,384,042 423,080,556 425,518,320 427,940,220 428,813,999 429,965,405 429,774,376 431,754,252 432,698,089 433,942,837 435,228,237 435,629,656 437,732,499 438,082,756 440,522,324 443,269,657 443,489,730 444,374,752 447,410,344 448,902,582 451,173,217 456,176,951 455,534,803 457,451,131 461,206,624
Selected Financial Data (US$)
Operating income (in thousands) 1,183,300 901,900 890,500 690,800 1,060,900 817,500 755,400 544,100 1,052,100 821,100 724,400 623,400 985,200 747,000 668,800 529,700 860,500 571,500 550,000 387,700 834,800 578,700 525,600 429,500 801,500 497,300 462,200
Operating profit per share2 8.78 8.44 8.21 7.86 7.47 7.41 7.40 7.31 7.49 7.31 7.12 6.97 6.73 6.44 6.01 5.73 5.38 5.29 5.30 5.24 5.29 5.20 5.00 4.80 0.00 0.00 0.00
Share price1, 3 218.18 206.17 224.49 212.00 186.99 166.35 157.96 134.77 140.42 171.39 161.88 167.73 160.19 139.84 140.91 134.25 125.36 120.42 114.34 111.39 99.10 95.25 89.33 89.67 86.45 82.15 86.98
Valuation Ratio
P/OP ratio4 24.86 24.44 27.34 26.98 25.04 22.46 21.35 18.44 18.74 23.46 22.74 24.07 23.79 21.71 23.45 23.42 23.30 22.77 21.57 21.27 18.72 18.31 17.88 18.67
Benchmarks
P/OP Ratio, Competitors5
Accenture PLC 19.98 23.62 31.03 28.35 25.67 24.96 25.29 22.21 21.16 15.44 20.55 18.63
Adobe Inc. 21.47 28.50 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. 86.38 105.10 95.50 91.28 105.67 109.98 107.00 95.51 155.77 206.35 637.38
Cadence Design Systems Inc. 41.53 46.31 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. 15.37 15.24 17.07 16.23 19.92 19.33 17.63 15.90 10.75 12.76 12.48 11.94
Intuit Inc. 33.22 53.54 71.64 62.00 46.48 52.54 39.99 41.56 49.11 39.04 37.66 40.45
Microsoft Corp. 24.66 27.51 31.35 30.79 30.72 29.13 28.71 29.30 25.90 25.91 22.91 24.54
Oracle Corp. 18.93 24.87 15.78 14.31 12.98 12.20 12.88 12.17 10.92 12.75 12.96 13.83
Palo Alto Networks Inc.
Salesforce Inc. 280.57 236.57 228.93 431.39 914.43 3,682.10 511.08 295.22 267.46 221.93 223.46
ServiceNow Inc. 357.30 404.46 408.11 436.46 570.38 493.80 404.36 583.07 475.62 421.22 625.53 1,590.30
Synopsys Inc. 48.91 42.54 47.17 75.64 65.25 49.28 59.98 59.90 58.40 54.81 48.73 40.48 45.42 45.04 38.51 35.54

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
Operating profit per share = (Operating incomeQ3 2022 + Operating incomeQ2 2022 + Operating incomeQ1 2022 + Operating incomeQ4 2021) ÷ No. shares of common stock outstanding
= (1,183,300,000 + 901,900,000 + 890,500,000 + 690,800,000) ÷ 417,747,152 = 8.78

3 Closing price as at the filing date of Automatic Data Processing Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 218.18 ÷ 8.78 = 24.86

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. Automatic Data Processing Inc. P/OP ratio decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.

Price to Sales (P/S)

Automatic Data Processing Inc., historical P/S calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
No. shares of common stock outstanding1 417,747,152 420,045,265 421,384,042 423,080,556 425,518,320 427,940,220 428,813,999 429,965,405 429,774,376 431,754,252 432,698,089 433,942,837 435,228,237 435,629,656 437,732,499 438,082,756 440,522,324 443,269,657 443,489,730 444,374,752 447,410,344 448,902,582 451,173,217 456,176,951 455,534,803 457,451,131 461,206,624
Selected Financial Data (US$)
Revenues (in thousands) 4,513,000 4,025,400 3,832,300 3,737,000 4,102,000 3,695,700 3,470,700 3,376,800 4,047,800 3,669,500 3,495,700 3,498,700 3,847,400 3,505,900 3,323,200 3,318,600 3,693,000 3,235,400 3,078,800 3,064,800 3,410,800 2,987,300 2,916,900 2,898,200 3,248,600 2,807,000 2,714,000
Sales per share2 38.56 37.37 36.47 35.47 34.42 34.10 33.97 33.93 34.23 33.61 33.16 32.67 32.16 31.77 31.00 30.42 29.67 28.85 28.28 27.86 27.30 26.85 26.31 25.58 0.00 0.00 0.00
Share price1, 3 218.18 206.17 224.49 212.00 186.99 166.35 157.96 134.77 140.42 171.39 161.88 167.73 160.19 139.84 140.91 134.25 125.36 120.42 114.34 111.39 99.10 95.25 89.33 89.67 86.45 82.15 86.98
Valuation Ratio
P/S ratio4 5.66 5.52 6.16 5.98 5.43 4.88 4.65 3.97 4.10 5.10 4.88 5.13 4.98 4.40 4.55 4.41 4.22 4.17 4.04 4.00 3.63 3.55 3.40 3.51
Benchmarks
P/S Ratio, Competitors5
Accenture PLC 3.04 3.57 4.72 4.28 3.86 3.72 3.75 3.26 3.11 2.26 3.01 2.72
Adobe Inc. 7.61 10.33 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. 13.52 16.50 15.51 15.15 16.75 16.19 14.02 10.00 12.49 10.82 12.79 13.21
Cadence Design Systems Inc. 12.80 13.99 13.21 12.55 15.59 13.88 14.33 13.85 12.56 11.87 9.14 8.56
CrowdStrike Holdings Inc. 37.35 54.14 46.77 48.70 46.83 43.35 37.61 22.79
International Business Machines Corp. 1.99 1.95 2.10 1.94 1.82 1.96 1.83 1.47 1.31 1.47 1.46 1.63
Intuit Inc. 7.87 12.04 17.26 16.09 13.50 14.16 12.12 11.78 11.03 10.47 10.18 11.05
Microsoft Corp. 10.50 11.70 13.21 12.81 12.33 11.43 10.96 10.85 9.70 9.52 8.07 8.38
Oracle Corp. 4.96 6.62 5.96 5.38 4.90 4.53 4.67 4.33 3.80 4.42 4.47 4.74
Palo Alto Networks Inc. 9.22 9.68 11.48 10.72 8.85 9.71 7.64 6.66 7.03 6.29 7.16 7.06
Salesforce Inc. 10.30 11.09 9.72 9.24 10.19 12.73 8.72 8.88 8.75 9.02 8.77 9.00
ServiceNow Inc. 12.13 13.36 16.11 19.02 24.74 22.46 20.63 25.66 23.60 20.92 18.03 19.36
Synopsys Inc. 11.21 9.86 9.78 13.22 11.85 9.27 10.69 10.08 9.21 7.59 6.65 6.27 6.21 5.41 4.85 4.10

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
Sales per share = (RevenuesQ3 2022 + RevenuesQ2 2022 + RevenuesQ1 2022 + RevenuesQ4 2021) ÷ No. shares of common stock outstanding
= (4,513,000,000 + 4,025,400,000 + 3,832,300,000 + 3,737,000,000) ÷ 417,747,152 = 38.56

3 Closing price as at the filing date of Automatic Data Processing Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 218.18 ÷ 38.56 = 5.66

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. Automatic Data Processing Inc. P/S ratio decreased from Q1 2022 to Q2 2022 but then slightly increased from Q2 2022 to Q3 2022.

Price to Book Value (P/BV)

Automatic Data Processing Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015
No. shares of common stock outstanding1 417,747,152 420,045,265 421,384,042 423,080,556 425,518,320 427,940,220 428,813,999 429,965,405 429,774,376 431,754,252 432,698,089 433,942,837 435,228,237 435,629,656 437,732,499 438,082,756 440,522,324 443,269,657 443,489,730 444,374,752 447,410,344 448,902,582 451,173,217 456,176,951 455,534,803 457,451,131 461,206,624
Selected Financial Data (US$)
Stockholders’ equity (in thousands) 4,192,900 5,049,600 5,350,700 5,670,100 5,673,900 5,900,000 5,808,900 5,752,200 5,490,700 5,364,400 5,360,700 5,399,900 5,246,200 4,763,900 4,678,800 3,459,600 4,029,200 3,931,200 3,953,400 3,977,000 4,103,100 3,815,100 4,250,100 4,481,600 4,503,200 4,206,200 4,630,200
Book value per share (BVPS)2 10.04 12.02 12.70 13.40 13.33 13.79 13.55 13.38 12.78 12.42 12.39 12.44 12.05 10.94 10.69 7.90 9.15 8.87 8.91 8.95 9.17 8.50 9.42 9.82 9.89 9.19 10.04
Share price1, 3 218.18 206.17 224.49 212.00 186.99 166.35 157.96 134.77 140.42 171.39 161.88 167.73 160.19 139.84 140.91 134.25 125.36 120.42 114.34 111.39 99.10 95.25 89.33 89.67 86.45 82.15 86.98
Valuation Ratio
P/BV ratio4 21.74 17.15 17.68 15.82 14.02 12.07 11.66 10.07 10.99 13.79 13.07 13.48 13.29 12.79 13.18 17.00 13.71 13.58 12.83 12.45 10.81 11.21 9.48 9.13 8.75 8.93 8.66
Benchmarks
P/BV Ratio, Competitors5
Accenture PLC 8.46 9.85 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. 9.10 12.33 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. 44.52 50.21 53.52 59.48 882.10 851.54
Cadence Design Systems Inc. 16.23 17.49 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. 50.64 68.13 55.02 48.91 43.84 35.86 28.17 14.78 14.59 23.58 235.40
International Business Machines Corp. 5.99 5.98 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. 5.97 8.81 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. 12.40 13.52 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
Palo Alto Networks Inc. 141.27 399.29 100.84 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. 4.51 4.70 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. 18.56 21.02 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. 9.90 8.43 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 3.68 4.81 4.04 4.04

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-K (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-K (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-K (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-K (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-K (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-K (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30).

1 Data adjusted for splits and stock dividends.

2 Q3 2022 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 4,192,900,000 ÷ 417,747,152 = 10.04

3 Closing price as at the filing date of Automatic Data Processing Inc. Quarterly or Annual Report.

4 Q3 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 218.18 ÷ 10.04 = 21.74

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. Automatic Data Processing Inc. P/BV ratio decreased from Q1 2022 to Q2 2022 but then increased from Q2 2022 to Q3 2022 exceeding Q1 2022 level.