Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Intuit Inc., EBITDA calculation

US$ in millions

12 months ended:	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Net income	2,963)	2,384)	2,066)	2,062)	1,826)	1,557)
Add: Income tax expense	587)	605)	476)	494)	372)	324)
Earnings before tax (EBT)	3,550)	2,989)	2,542)	2,556)	2,198)	1,881)
Add: Interest expense	242)	248)	81)	29)	14)	15)
Earnings before interest and tax (EBIT)	3,792)	3,237)	2,623)	2,585)	2,212)	1,896)
Add: Depreciation	159)	160)	187)	166)	189)	199)
Add: Amortization of acquired intangible assets	630)	646)	559)	197)	29)	26)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,581)	4,043)	3,369)	2,948)	2,430)	2,121)

Based on: 10-K (reporting date: 2024-07-31), 10-K (reporting date: 2023-07-31), 10-K (reporting date: 2022-07-31), 10-K (reporting date: 2021-07-31), 10-K (reporting date: 2020-07-31), 10-K (reporting date: 2019-07-31).

Download chart

Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Intuit Inc. EBITDA increased from 2022 to 2023 and from 2023 to 2024.

Enterprise Value to EBITDA Ratio, Current

Intuit Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	171,142)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,581)
Valuation Ratio
EV/EBITDA	37.36
Benchmarks
EV/EBITDA, Competitors¹
Accenture PLC	19.42
Adobe Inc.	23.24
Cadence Design Systems Inc.	56.94
CrowdStrike Holdings Inc.	290.08
International Business Machines Corp.	17.07
Microsoft Corp.	24.01
Oracle Corp.	24.43
Palantir Technologies Inc.	583.78
Palo Alto Networks Inc.	89.54
Salesforce Inc.	33.48
ServiceNow Inc.	136.35
Synopsys Inc.	41.96
EV/EBITDA, Sector
Software & Services	32.30
EV/EBITDA, Industry
Information Technology	36.79

Based on: 10-K (reporting date: 2024-07-31).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Enterprise Value to EBITDA Ratio, Historical

Intuit Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Jul 31, 2024	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019
Selected Financial Data (US$ in millions)
Enterprise value (EV)¹	176,614)	156,489)	122,035)	153,168)	86,745)	72,691)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	4,581)	4,043)	3,369)	2,948)	2,430)	2,121)
Valuation Ratio
EV/EBITDA³	38.55	38.71	36.22	51.96	35.70	34.27
Benchmarks
EV/EBITDA, Competitors⁴
Accenture PLC	19.87	17.26	14.25	23.31	17.46	15.60
Adobe Inc.	22.06	34.07	22.32	35.44	43.06	41.16
Cadence Design Systems Inc.	—	55.61	42.11	39.61	45.75	31.64
CrowdStrike Holdings Inc.	262.20	—	—	—	—	—
International Business Machines Corp.	—	14.41	22.17	12.53	12.28	10.23
Microsoft Corp.	23.66	22.92	20.17	24.59	21.74	17.21
Oracle Corp.	21.81	21.80	17.12	13.78	11.54	11.83
Palantir Technologies Inc.	—	175.93	—	—	—	—
Palo Alto Networks Inc.	84.17	85.08	515.19	—	349.99	117.18
Salesforce Inc.	31.74	38.42	38.91	33.92	49.78	56.71
ServiceNow Inc.	—	96.48	104.30	147.45	220.91	187.17
Synopsys Inc.	39.17	54.59	36.73	53.43	42.24	26.98
EV/EBITDA, Sector
Software & Services	—	25.00	22.24	25.29	22.90	17.95
EV/EBITDA, Industry
Information Technology	—	23.49	18.19	20.35	19.58	14.41

¹ See details »

² See details »

³ 2024 Calculation
EV/EBITDA = EV ÷ EBITDA
= 176,614 ÷ 4,581 = 38.55

⁴ Click competitor name to see calculations.

Download chart

Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Intuit Inc. EV/EBITDA ratio increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Intuit Inc. (NASDAQ:INTU)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical