Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Microsoft Excel

Historical Valuation Ratios (Summary)

Intuit Inc., historical price multiples (quarterly data)

Microsoft Excel
Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018
Price to earnings (P/E) 65.11 58.94 60.26 66.50 61.19 64.61 56.26 59.38 56.80 57.31 40.47 63.28 85.13 75.17 56.40 62.56 48.28 49.52 56.56 45.75 44.67 48.17
Price to operating profit (P/OP) 52.88 48.11 48.74 53.07 46.91 49.04 41.32 43.34 43.50 46.05 33.22 53.54 71.64 62.00 46.48 52.54 39.99 41.56 49.11 39.04 37.66 40.45
Price to sales (P/S) 11.46 10.72 11.71 12.20 10.73 10.72 8.95 8.44 8.01 9.30 7.87 12.04 17.26 16.09 13.50 14.16 12.12 11.78 11.03 10.47 10.18 11.05
Price to book value (P/BV) 10.48 9.47 9.87 10.89 9.31 8.92 7.16 7.29 6.64 7.20 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

Based on: 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31).

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. Intuit Inc. P/E ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.
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. Intuit Inc. P/OP ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.
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. Intuit Inc. P/S ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 not reaching Q3 2024 level.
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. Intuit Inc. P/BV ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.

Price to Earnings (P/E)

Intuit Inc., historical P/E calculation (quarterly data)

Microsoft Excel
Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018
No. shares of common stock outstanding1 280,035,000 280,292,000 279,547,000 279,979,000 279,936,000 280,259,493 280,059,722 280,546,394 280,925,350 281,869,879 282,077,025 282,812,475 283,168,410 273,091,929 273,259,266 273,839,879 262,740,511 261,807,204 260,771,340 260,489,463 260,300,339 260,073,642 259,243,385 259,072,994 259,508,568
Selected Financial Data (US$)
Net income (in millions) 197 (20) 2,389 353 241 89 2,087 168 40 (56) 1,794 100 228 380 1,464 20 198 445 1,084 240 57 (44) 1,378 189 34
Earnings per share (EPS)2 10.42 10.57 10.99 9.89 9.23 8.51 7.99 6.94 6.69 7.33 8.87 7.68 7.39 7.55 7.78 6.38 7.49 6.97 5.13 6.26 6.07 5.99 0.00 0.00 0.00
Share price1, 3 678.70 623.10 662.26 657.92 565.07 549.60 449.80 411.88 379.71 420.06 358.97 486.00 628.94 567.59 438.99 399.09 361.44 345.39 290.00 286.43 271.15 288.36 241.31 250.94 195.18
Valuation Ratio
P/E ratio4 65.11 58.94 60.26 66.50 61.19 64.61 56.26 59.38 56.80 57.31 40.47 63.28 85.13 75.17 56.40 62.56 48.28 49.52 56.56 45.75 44.67 48.17
Benchmarks
P/E Ratio, Competitors5
Accenture PLC 31.07 27.59 30.87 31.14 27.81 27.07 24.73 23.64 22.93 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. 42.53 46.15 47.07 49.64 44.69 45.30 36.72 33.15 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
Autodesk Inc. 47.27 51.89 51.63 53.66 51.85 51.99 67.83 78.07 95.44 82.51 43.19 50.71 46.55 47.53 142.59 157.79 157.35 152.72 263.67 556.06
Cadence Design Systems Inc. 76.54 69.10 72.17 78.64 68.16 73.71 67.89 59.70 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. 632.51 892.67
International Business Machines Corp. 29.62 20.87 18.66 22.50 19.07 63.16 62.36 71.56 95.23 20.78 22.19 19.40 23.26 23.99 23.63 19.30 12.46 14.07 12.44 13.35
Microsoft Corp. 35.53 35.67 34.41 36.78 31.86 33.96 29.67 26.71 26.77 28.34 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. 39.36 37.63 32.94 27.34 32.03 38.96 27.11 24.69 35.29 26.85 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. 47.73 42.42 41.23 37.18 127.16 170.35 290.24 1,656.40
Salesforce Inc. 38.62 71.24 94.07 136.55 547.14 879.57 528.78 324.46 174.67 135.68 147.95 110.94 48.91 48.20 58.10 104.23 1,204.70 188.52 139.92 106.17 107.70
ServiceNow Inc. 147.50 148.98 77.25 90.80 71.21 80.21 231.71 284.28 417.74 479.20 452.04 487.70 620.23 681.34 654.66 978.47 142.19 113.61 99.10 106.89
Synopsys Inc. 55.30 63.08 62.39 70.08 62.65 67.52 57.28 51.76 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

Based on: 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
EPS = (Net incomeQ1 2025 + Net incomeQ4 2024 + Net incomeQ3 2024 + Net incomeQ2 2024) ÷ No. shares of common stock outstanding
= (197,000,000 + -20,000,000 + 2,389,000,000 + 353,000,000) ÷ 280,035,000 = 10.42

3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= 678.70 ÷ 10.42 = 65.11

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. Intuit Inc. P/E ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.

Price to Operating Profit (P/OP)

Intuit Inc., historical P/OP calculation (quarterly data)

Microsoft Excel
Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018
No. shares of common stock outstanding1 280,035,000 280,292,000 279,547,000 279,979,000 279,936,000 280,259,493 280,059,722 280,546,394 280,925,350 281,869,879 282,077,025 282,812,475 283,168,410 273,091,929 273,259,266 273,839,879 262,740,511 261,807,204 260,771,340 260,489,463 260,300,339 260,073,642 259,243,385 259,072,994 259,508,568
Selected Financial Data (US$)
Operating income (loss) (in millions) 271 (151) 3,105 369 307 17 2,778 270 76 (75) 2,395 56 195 402 1,914 (25) 209 483 1,413 270 10 (153) 1,784 233 (10)
Operating profit per share2 12.83 12.95 13.59 12.40 12.05 11.21 10.89 9.50 8.73 9.12 10.81 9.08 8.78 9.15 9.45 7.60 9.04 8.31 5.91 7.34 7.20 7.13 0.00 0.00 0.00
Share price1, 3 678.70 623.10 662.26 657.92 565.07 549.60 449.80 411.88 379.71 420.06 358.97 486.00 628.94 567.59 438.99 399.09 361.44 345.39 290.00 286.43 271.15 288.36 241.31 250.94 195.18
Valuation Ratio
P/OP ratio4 52.88 48.11 48.74 53.07 46.91 49.04 41.32 43.34 43.50 46.05 33.22 53.54 71.64 62.00 46.48 52.54 39.99 41.56 49.11 39.04 37.66 40.45
Benchmarks
P/OP Ratio, Competitors5
Accenture PLC 23.52 20.96 24.43 24.40 21.69 21.16 18.24 17.50 16.83 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. 34.93 37.61 37.84 40.52 35.69 35.47 28.49 25.85 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
Autodesk Inc. 38.95 41.68 43.43 46.34 43.80 43.26 49.15 55.00 66.66 66.40 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. 64.64 62.16 64.10 65.43 57.98 59.96 53.91 47.21 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. 3,413.25
International Business Machines Corp. 20.07 18.25 16.26 17.99 14.81 15.22 13.98 14.35 15.37 15.24 17.07 16.23 19.92 19.33 17.63 15.90 10.75 12.76 12.48 11.94
Microsoft Corp. 28.44 28.73 28.04 30.20 26.16 27.76 24.15 21.76 22.07 24.72 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. 26.92 25.65 23.67 19.36 21.82 25.30 16.87 15.50 20.25 16.51 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. 172.78 159.88 144.37 140.84 132.92 193.40 418.83 2,480.99
Salesforce Inc. 33.49 58.80 65.09 79.66 145.83 177.62 295.77 2,318.80 818.64 357.52 280.57 236.57 228.93 431.39 914.43 3,682.10 511.08 295.22 267.46 221.93 223.46
ServiceNow Inc. 156.39 159.12 156.78 206.26 174.57 225.28 224.96 260.26 357.30 404.46 408.11 436.46 570.38 493.80 404.36 583.07 475.62 421.22 625.53 1,590.30
Synopsys Inc. 55.89 63.48 63.96 67.90 61.35 62.50 50.41 43.85 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

Based on: 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
Operating profit per share = (Operating income (loss)Q1 2025 + Operating income (loss)Q4 2024 + Operating income (loss)Q3 2024 + Operating income (loss)Q2 2024) ÷ No. shares of common stock outstanding
= (271,000,000 + -151,000,000 + 3,105,000,000 + 369,000,000) ÷ 280,035,000 = 12.83

3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 678.70 ÷ 12.83 = 52.88

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. Intuit Inc. P/OP ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.

Price to Sales (P/S)

Intuit Inc., historical P/S calculation (quarterly data)

Microsoft Excel
Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018
No. shares of common stock outstanding1 280,035,000 280,292,000 279,547,000 279,979,000 279,936,000 280,259,493 280,059,722 280,546,394 280,925,350 281,869,879 282,077,025 282,812,475 283,168,410 273,091,929 273,259,266 273,839,879 262,740,511 261,807,204 260,771,340 260,489,463 260,300,339 260,073,642 259,243,385 259,072,994 259,508,568
Selected Financial Data (US$)
Net revenue (in millions) 3,283 3,184 6,737 3,386 2,978 2,712 6,018 3,041 2,597 2,414 5,632 2,673 2,007 2,561 4,173 1,576 1,323 1,816 3,002 1,696 1,165 994 3,272 1,502 1,016
Sales per share2 59.24 58.10 56.57 53.91 52.69 51.27 50.24 48.78 47.40 45.15 45.64 40.36 36.43 35.27 32.53 28.18 29.83 29.33 26.30 27.36 26.63 26.08 0.00 0.00 0.00
Share price1, 3 678.70 623.10 662.26 657.92 565.07 549.60 449.80 411.88 379.71 420.06 358.97 486.00 628.94 567.59 438.99 399.09 361.44 345.39 290.00 286.43 271.15 288.36 241.31 250.94 195.18
Valuation Ratio
P/S ratio4 11.46 10.72 11.71 12.20 10.73 10.72 8.95 8.44 8.01 9.30 7.87 12.04 17.26 16.09 13.50 14.16 12.12 11.78 11.03 10.47 10.18 11.05
Benchmarks
P/S Ratio, Competitors5
Accenture PLC 3.48 2.98 3.36 3.32 2.98 3.05 2.72 2.67 2.56 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. 10.88 11.47 11.33 13.88 12.12 11.93 9.66 8.95 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
Autodesk Inc. 8.35 8.55 8.86 9.00 8.51 8.55 8.57 9.18 10.18 9.35 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. 18.27 17.52 18.53 20.02 16.65 17.25 15.77 14.23 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. 25.36 26.10 19.77 14.73 15.27 12.81 13.55 23.24 22.99 30.15 37.35 54.14 46.77 48.70 46.83 43.35 37.61 22.79
International Business Machines Corp. 3.03 2.82 2.46 2.73 2.16 2.11 1.89 1.94 1.99 1.95 2.10 1.94 1.82 1.96 1.83 1.47 1.31 1.47 1.46 1.63
Microsoft Corp. 12.65 12.82 12.54 13.34 11.25 11.60 9.86 8.83 9.20 10.40 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. 8.03 7.44 6.68 5.37 5.89 6.63 4.73 4.71 4.64 4.25 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. 15.74 13.62 12.95 11.24 10.83 10.87 9.63 9.23 8.70 9.62 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. 5.91 8.45 7.18 6.52 6.44 5.84 4.85 5.93 6.27 7.40 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. 18.83 17.15 15.71 17.52 13.33 14.25 12.17 12.75 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. 13.30 14.54 14.32 14.75 11.72 11.75 10.44 10.03 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

Based on: 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
Sales per share = (Net revenueQ1 2025 + Net revenueQ4 2024 + Net revenueQ3 2024 + Net revenueQ2 2024) ÷ No. shares of common stock outstanding
= (3,283,000,000 + 3,184,000,000 + 6,737,000,000 + 3,386,000,000) ÷ 280,035,000 = 59.24

3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 678.70 ÷ 59.24 = 11.46

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. Intuit Inc. P/S ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 not reaching Q3 2024 level.

Price to Book Value (P/BV)

Intuit Inc., historical P/BV calculation (quarterly data)

Microsoft Excel
Oct 31, 2024 Jul 31, 2024 Apr 30, 2024 Jan 31, 2024 Oct 31, 2023 Jul 31, 2023 Apr 30, 2023 Jan 31, 2023 Oct 31, 2022 Jul 31, 2022 Apr 30, 2022 Jan 31, 2022 Oct 31, 2021 Jul 31, 2021 Apr 30, 2021 Jan 31, 2021 Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018
No. shares of common stock outstanding1 280,035,000 280,292,000 279,547,000 279,979,000 279,936,000 280,259,493 280,059,722 280,546,394 280,925,350 281,869,879 282,077,025 282,812,475 283,168,410 273,091,929 273,259,266 273,839,879 262,740,511 261,807,204 260,771,340 260,489,463 260,300,339 260,073,642 259,243,385 259,072,994 259,508,568
Selected Financial Data (US$)
Stockholders’ equity (in millions) 18,136 18,436 18,757 16,908 16,992 17,269 17,592 15,842 16,067 16,441 16,961 15,595 9,733 9,869 9,955 8,868 5,245 5,106 4,740 3,727 3,633 3,749 4,070 2,796 2,782
Book value per share (BVPS)2 64.76 65.77 67.10 60.39 60.70 61.62 62.82 56.47 57.19 58.33 60.13 55.14 34.37 36.14 36.43 32.38 19.96 19.50 18.18 14.31 13.96 14.42 15.70 10.79 10.72
Share price1, 3 678.70 623.10 662.26 657.92 565.07 549.60 449.80 411.88 379.71 420.06 358.97 486.00 628.94 567.59 438.99 399.09 361.44 345.39 290.00 286.43 271.15 288.36 241.31 250.94 195.18
Valuation Ratio
P/BV ratio4 10.48 9.47 9.87 10.89 9.31 8.92 7.16 7.29 6.64 7.20 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
Benchmarks
P/BV Ratio, Competitors5
Accenture PLC 7.98 6.92 8.00 8.03 7.44 7.65 7.22 7.26 7.13 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. 15.67 15.79 14.62 16.31 14.51 14.82 12.24 11.22 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
Autodesk Inc. 21.81 25.34 31.94 38.89 48.44 37.37 46.35 58.85 68.31 48.29 44.52 50.21 53.52 59.48 882.10 851.54
Cadence Design Systems Inc. 17.43 17.12 21.18 24.05 20.96 22.55 19.75 18.46 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. 32.84 34.61 27.75 21.18 23.27 19.61 20.98 34.78 34.12 42.67 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. 7.75 7.32 6.56 7.49 5.72 5.76 5.29 5.34 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
Microsoft Corp. 11.18 11.71 11.72 12.74 11.13 11.92 10.52 9.84 10.77 12.38 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. 39.94 45.25 62.34 71.68 126.71 308.71 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. 22.07 21.15 22.59 19.43 35.97 42.84 50.71 77.94 99.68 251.98 141.27 399.29 100.84 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. 3.54 4.94 4.20 3.71 3.61 3.13 2.48 2.89 2.98 3.37 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. 21.21 19.70 18.37 20.60 15.73 16.49 16.55 18.36 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. 10.75 12.58 13.16 14.02 10.87 10.66 9.58 9.24 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

Based on: 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-K (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-Q (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-K (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31).

1 Data adjusted for splits and stock dividends.

2 Q1 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 18,136,000,000 ÷ 280,035,000 = 64.76

3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.

4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 678.70 ÷ 64.76 = 10.48

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. Intuit Inc. P/BV ratio decreased from Q3 2024 to Q4 2024 but then increased from Q4 2024 to Q1 2025 exceeding Q3 2024 level.