Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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- Balance Sheet: Liabilities and Stockholders’ Equity
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- Analysis of Liquidity Ratios
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- Selected Financial Data since 2005
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- Total Asset Turnover since 2005
- Analysis of Revenues
- Aggregate Accruals
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Historical Valuation Ratios (Summary)
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 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).
- Price to Earnings (P/E) Ratio
- The P/E ratio experienced notable volatility over the analyzed quarters. Beginning at 48.28, it peaked at 85.13 in October 2021, indicating elevated market expectations or high earnings valuation at that time. Following this peak, the ratio declined to a low of 40.47 by April 2022 before fluctuating between approximately 48 and 66 in subsequent quarters. The most recent quarters reflect a moderate downward trend, with values around 48.19 by July 2025, suggesting a possible market adjustment or stabilization in earnings expectations.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio mirrored the general movement seen in the P/E ratio but exhibited sharper decreases and a broader range. It rose sharply from 39.99 to a high of 71.64 in October 2021, followed by a pronounced drop to 33.22 by April 2022. After this trough, the ratio fluctuated mostly between 37.87 and 53.07, with intermittent spikes and declines. The downward trend in later periods, culminating near 37.87 by July 2025, may indicate either improving operating profits relative to price or a reassessment of operating profitability by the market.
- Price to Sales (P/S) Ratio
- The P/S ratio showed a somewhat less volatile pattern compared to P/E and P/OP ratios. It increased from 12.12 in late 2020 to a peak of 17.26 in October 2021. Subsequently, it declined sharply to a low of 7.87 in April 2022, then showed a gradual recovery and oscillation within a range of approximately 8 to 12. Its stabilization around 9.9 by July 2025 suggests relatively steady market valuation relative to revenue over the latter periods.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio showed notable fluctuations and an overall downward trend over the period. Starting at 18.11 in October 2020, it dropped significantly to 5.97 by April 2022, indicating possibly either growth in book value or market reevaluation of equity worth. Following this low, the ratio gradually increased to around 10.89 in January 2024 before broadly stabilizing between 8.65 and 10.48 in subsequent periods. This pattern may reflect changes in the company's balance sheet strength or investor perception of its equity value.
- Overall Insights
- Across all valuation multiples, a pronounced peak occurred around October 2021, followed by significant declines by mid-2022. This may correlate with external market or company-specific events impacting investor sentiment. Subsequent periods show more moderate fluctuations and a general trend toward stabilization or slight decline, suggesting a normalization in market expectations relative to earnings, profits, sales, and book value. The divergent magnitudes and timing of changes among ratios imply differing underlying factor dynamics, such as earnings volatility, shifts in profitability, sales consistency, and balance sheet changes.
Price to Earnings (P/E)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net income (in millions) | ||||||||||||||||||||||||||
| Earnings per share (EPS)2 | ||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/E ratio4 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | ||||||||||||||||||||||||||
| Accenture PLC | ||||||||||||||||||||||||||
| Adobe Inc. | ||||||||||||||||||||||||||
| AppLovin Corp. | ||||||||||||||||||||||||||
| Cadence Design Systems Inc. | ||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | ||||||||||||||||||||||||||
| Datadog Inc. | ||||||||||||||||||||||||||
| International Business Machines Corp. | ||||||||||||||||||||||||||
| Microsoft Corp. | ||||||||||||||||||||||||||
| Oracle Corp. | ||||||||||||||||||||||||||
| Palantir Technologies Inc. | ||||||||||||||||||||||||||
| Palo Alto Networks Inc. | ||||||||||||||||||||||||||
| Salesforce Inc. | ||||||||||||||||||||||||||
| ServiceNow Inc. | ||||||||||||||||||||||||||
| Synopsys Inc. | ||||||||||||||||||||||||||
| Workday Inc. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
                EPS
                = (Net incomeQ4 2025
                + Net incomeQ3 2025
                + Net incomeQ2 2025
                + Net incomeQ1 2025)
                ÷ No. shares of common stock outstanding
                = (                +                 +                 + )
                ÷                 = 
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
            P/E ratio = Share price ÷ EPS
            =  ÷  = 
5 Click competitor name to see calculations.
- Share Price Trend
- The share price exhibited a general upward trajectory from October 2020 to October 2024, increasing from approximately $361 to a peak around $678 in mid-2024. Notable fluctuations occurred, including a decline early in 2022 when the price fell from $628.94 in October 2021 to around $358.97 in January 2022. Following this dip, the share price recovered and steadily rose through 2023 and the first half of 2024, subsequently showing some volatility with a slight decrease towards late 2024 but remaining above $550.
- Earnings Per Share (EPS) Development
- EPS displayed an overall positive growth trend across the observed periods. Starting at $7.49 in October 2020, EPS fluctuated in the early quarters but maintained an upward slope reaching a high of $13.88 by July 2025. EPS showed some quarter-over-quarter irregularity, such as decreases around mid-2021 and early 2022, but the long-term pattern indicates consistent earnings improvement, particularly accelerating from 2023 onward.
- Price-to-Earnings (P/E) Ratio Dynamics
- The P/E ratio experienced significant variability throughout the time horizon. Initially measured at around 48.28 in October 2020, it rose to a peak exceeding 85 in late 2021, indicating an elevated share price relative to earnings. Subsequently, the ratio declined sharply in early 2022 to below 41, then fluctuated within a range of approximately 48 to 66 from mid-2022 to 2025. The general trend in P/E suggests market valuation adjustments in response to earnings growth and share price volatility, with a tendency toward moderate valuation multiples in recent periods.
- Insights and Observations
- The data reveals a company experiencing substantial earnings growth, as evidenced by the increasing EPS figures over the four-year span. Share price movements correspond broadly with EPS trends but demonstrate greater volatility, reflecting market sentiment, external factors, or broader economic conditions influencing investor confidence. The P/E ratio variations indicate changing market expectations regarding future growth prospects, with periods of optimism particularly evident in late 2021 and mid-2023. Despite fluctuations, the combination of rising earnings and an overall higher share price points to strengthening financial performance. However, the fluctuations in valuation multiples denote some uncertainty consistent with changing market dynamics.
Price to Operating Profit (P/OP)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Operating income (loss) (in millions) | ||||||||||||||||||||||||||
| Operating profit per share2 | ||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/OP ratio4 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | ||||||||||||||||||||||||||
| Accenture PLC | ||||||||||||||||||||||||||
| Adobe Inc. | ||||||||||||||||||||||||||
| AppLovin Corp. | ||||||||||||||||||||||||||
| Cadence Design Systems Inc. | ||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | ||||||||||||||||||||||||||
| Datadog Inc. | ||||||||||||||||||||||||||
| International Business Machines Corp. | ||||||||||||||||||||||||||
| Microsoft Corp. | ||||||||||||||||||||||||||
| Oracle Corp. | ||||||||||||||||||||||||||
| Palantir Technologies Inc. | ||||||||||||||||||||||||||
| Palo Alto Networks Inc. | ||||||||||||||||||||||||||
| Salesforce Inc. | ||||||||||||||||||||||||||
| ServiceNow Inc. | ||||||||||||||||||||||||||
| Synopsys Inc. | ||||||||||||||||||||||||||
| Workday Inc. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
            Operating profit per share
            = (Operating income (loss)Q4 2025
            + Operating income (loss)Q3 2025
            + Operating income (loss)Q2 2025
            + Operating income (loss)Q1 2025)
            ÷ No. shares of common stock outstanding
            = (            +             +             + )
            ÷             = 
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
            P/OP ratio = Share price ÷ Operating profit per share
            =  ÷  = 
5 Click competitor name to see calculations.
- Share Price
- The share price demonstrates a generally upward trend over the observed periods, starting at $361.44 and peaking at $678.7 in July 2024. Despite this overall growth, there are intervals of volatility and correction, notably in the periods from January 2022 to October 2022, where the price declined from $486 to $379.71, and again from July 2024 to October 2024 when the price decreased from $678.7 to $555.63. The latter periods show more pronounced fluctuations compared to earlier steady increases.
- Operating Profit per Share (OPPS)
- Operating profit per share shows a consistent upward trajectory throughout the timeframe. Beginning at $9.04, it generally rises, reaching $17.66 by July 2025. The growth is steady with minor fluctuations but no significant declines, reflecting improving operational profitability on a per-share basis. Notable growth phases occur post-April 2023, where the OPPS rises from $10.89 and reaches its peak value, indicating strengthening operational efficiency or profitability.
- Price to Operating Profit Ratio (P/OP)
- The P/OP ratio displays considerable variability over time, reflecting changes in market valuation relative to operating profitability. Initially, the ratio shifts between 33.22 and 71.64, with the highest ratios occurring in late 2020 and late 2021 periods, signaling elevated market expectations or overvaluation relative to operating profits. The ratio lowers notably in early 2022, with values around the low 30s, before experiencing moderate oscillations around mid-40s to 50s in subsequent periods. Towards the end of the dataset, the ratio decreases to the high 30s, suggesting the share price growth is increasingly supported by rising operating profits rather than speculative premium.
- Overall Insights
- The data indicates that the company’s operating profitability per share has been improving steadily, which supports the long-term appreciation in share price. However, the share price is subject to periodic volatility, suggesting external market factors influence the valuation independently of operational results. The fluctuations in the P/OP ratio reveal changing investor sentiment or market conditions affecting the premium placed on operating profitability. The recent decline in the P/OP ratio alongside rising operating profits points to a possibly more grounded market valuation relative to fundamentals. This pattern may reflect investor recognition of enhanced underlying performance rather than speculative price movements.
Price to Sales (P/S)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Net revenue (in millions) | ||||||||||||||||||||||||||
| Sales per share2 | ||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/S ratio4 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | ||||||||||||||||||||||||||
| Accenture PLC | ||||||||||||||||||||||||||
| Adobe Inc. | ||||||||||||||||||||||||||
| AppLovin Corp. | ||||||||||||||||||||||||||
| Cadence Design Systems Inc. | ||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | ||||||||||||||||||||||||||
| Datadog Inc. | ||||||||||||||||||||||||||
| International Business Machines Corp. | ||||||||||||||||||||||||||
| Microsoft Corp. | ||||||||||||||||||||||||||
| Oracle Corp. | ||||||||||||||||||||||||||
| Palantir Technologies Inc. | ||||||||||||||||||||||||||
| Palo Alto Networks Inc. | ||||||||||||||||||||||||||
| Salesforce Inc. | ||||||||||||||||||||||||||
| ServiceNow Inc. | ||||||||||||||||||||||||||
| Synopsys Inc. | ||||||||||||||||||||||||||
| Workday Inc. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
            Sales per share
            = (Net revenueQ4 2025
            + Net revenueQ3 2025
            + Net revenueQ2 2025
            + Net revenueQ1 2025)
            ÷ No. shares of common stock outstanding
            = (            +             +             + )
            ÷             = 
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
            P/S ratio = Share price ÷ Sales per share
            =  ÷  = 
5 Click competitor name to see calculations.
- Share Price Trend
- Over the observed period, the share price demonstrated significant volatility with an overall upward trajectory. Initially, the price rose steadily from 361.44 US$ to a peak of 628.94 US$ by October 2021, followed by a sharp decline to 358.97 US$ in January 2022. Subsequently, the price fluctuated but maintained a generally increasing pattern, reaching new highs above 660 US$ in early 2024 and mid-2025. Despite occasional dips, the share price showed resilience and a tendency towards growth in the latter part of the timeline.
- Sales per Share
- Sales per share steadily increased throughout the period, indicating consistent revenue growth on a per-share basis. Starting at 29.83 US$ in late 2020, this metric exhibited a gradual upward movement with minor quarter-to-quarter variations, culminating at 67.54 US$ by mid-2025. The growth in sales per share suggests an improving operational performance or expanding market demand supporting the company’s revenue generation capacity.
- Price-to-Sales (P/S) Ratio
- The P/S ratio reflected notable fluctuations aligning partly with the share price changes. Early in the timeline, this ratio was relatively high, peaking at 17.26 in October 2021, coinciding with the peak share price. Following this, the ratio dropped significantly to below 8 by early 2022, indicating a market price correction or improved sales relative to share price. Subsequently, the P/S ratio oscillated between approximately 9 and 12, suggesting a period of market recalibration with the share price moving somewhat independently of sales growth. The ratio’s decline post-peak suggests that share price appreciation may have outpaced sales growth initially, but later moved toward a more balanced valuation.
- Overall Insights
- The company’s financial data indicates strong sales growth alongside a volatile but generally increasing share price. The P/S ratio’s variability points to shifts in market sentiment or valuation dynamics, with periods of premium valuation during share price peaks and corrections thereafter. The consistent rise in sales per share supports a fundamentally improving revenue base, while share price swings may reflect market responses to broader economic conditions or company-specific developments. The decoupling of share price and sales growth in some quarters suggests investors evaluated factors beyond immediate sales growth when pricing the stock.
Price to Book Value (P/BV)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | 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 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | ||||||||||||||||||||||||||
| Selected Financial Data (US$) | ||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | ||||||||||||||||||||||||||
| Book value per share (BVPS)2 | ||||||||||||||||||||||||||
| Share price1, 3 | ||||||||||||||||||||||||||
| Valuation Ratio | ||||||||||||||||||||||||||
| P/BV ratio4 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | ||||||||||||||||||||||||||
| Accenture PLC | ||||||||||||||||||||||||||
| Adobe Inc. | ||||||||||||||||||||||||||
| AppLovin Corp. | ||||||||||||||||||||||||||
| Cadence Design Systems Inc. | ||||||||||||||||||||||||||
| CrowdStrike Holdings Inc. | ||||||||||||||||||||||||||
| Datadog Inc. | ||||||||||||||||||||||||||
| International Business Machines Corp. | ||||||||||||||||||||||||||
| Microsoft Corp. | ||||||||||||||||||||||||||
| Oracle Corp. | ||||||||||||||||||||||||||
| Palantir Technologies Inc. | ||||||||||||||||||||||||||
| Palo Alto Networks Inc. | ||||||||||||||||||||||||||
| Salesforce Inc. | ||||||||||||||||||||||||||
| ServiceNow Inc. | ||||||||||||||||||||||||||
| Synopsys Inc. | ||||||||||||||||||||||||||
| Workday Inc. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 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).
1 Data adjusted for splits and stock dividends.
2 Q4 2025 Calculation
            BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
            =  ÷  = 
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q4 2025 Calculation
            P/BV ratio = Share price ÷ BVPS
            =  ÷  = 
5 Click competitor name to see calculations.
- Share Price Trends
- The share price exhibited significant volatility over the observed periods. Initially, there was a steady increase from $361.44 to a peak of approximately $628.94 by October 31, 2021. This was followed by a notable decline, bottoming around the $358.97 mark by January 31, 2022. Subsequently, the share price oscillated, with periods of recovery and slight dips, reaching a secondary peak of $678.7 in October 31, 2024. Towards the last recorded quarters, the price stabilized around the mid-$600 range, indicating some resilience after major fluctuations.
- Book Value Per Share (BVPS)
- Book value per share showed a steady upward trend in general. Starting from $19.96 in late 2020, it rose consistently with minor fluctuations, reaching a high of $72.15 by April 30, 2025. Some minor declines and plateaus were visible, such as around July 31, 2022 and again near early 2025, but the long-term trend suggests improving book value, reflecting growth in the company’s net asset base per share.
- Price-to-Book Value (P/BV) Ratio
- The P/BV ratio demonstrated marked variability and mirrored the share price volatility while being influenced by the rise in book value per share. Initially very high at 18.11, it sharply declined to the range between roughly 6 and 10 after early 2022, indicating a notable re-rating by the market relative to book value. Nevertheless, periodic rebounds were observed, with the ratio fluctuating between roughly 5.97 and 10.89 in subsequent quarters. This suggests alternating investor sentiment regarding the value of the stock relative to its book value, with moments of both perceived undervaluation and overvaluation.
- Overall Insights
- The data illustrates that while intrinsic company value (as represented by book value per share) generally improved steadily, market valuation (reflected in share price and P/BV ratio) was subject to larger swings. This discrepancy may highlight external market factors impacting investor confidence, sector dynamics, or company-specific news affecting the stock price independently of book value growth. The resilience of both share price and BVPS towards the later periods suggests stabilization, though the elevated P/B ratio levels imply continuing optimism or expectations of future growth priced in by the market.