Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
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).
Historical Valuation Ratios (Summary)
Microsoft Corp., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 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).
| 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. | Microsoft Corp. P/E ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025. |
| 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. | Microsoft Corp. P/OP ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025. |
| 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. | Microsoft Corp. P/S ratio increased from Q3 2024 to Q4 2024 but then slightly decreased 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. | Microsoft Corp. P/BV ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |
Price to Earnings (P/E)
Microsoft Corp., historical P/E calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 7,434,880,776 | 7,433,038,381 | 7,432,305,794 | 7,430,436,229 | 7,432,262,329 | 7,429,763,722 | 7,435,487,575 | 7,443,803,533 | 7,454,473,144 | 7,457,891,872 | 7,479,033,135 | 7,496,866,428 | 7,507,980,444 | 7,514,891,248 | 7,531,574,551 | 7,542,215,767 | 7,560,495,969 | 7,567,652,935 | 7,583,440,247 | 7,606,047,010 | 7,628,805,618 | 7,635,409,400 | 7,662,817,920 | 7,672,213,446 | 7,676,218,736 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Net income (in millions) | 24,667) | 22,036) | 21,939) | 21,870) | 22,291) | 20,081) | 18,299) | 16,425) | 17,556) | 16,740) | 16,728) | 18,765) | 20,505) | 16,458) | 15,457) | 15,463) | 13,893) | 11,202) | 10,752) | 11,649) | 10,678) | 13,187) | 8,809) | 8,420) | 8,824) | ||||||||
| Earnings per share (EPS)2 | 12.17 | 11.86 | 11.60 | 11.11 | 10.37 | 9.74 | 9.28 | 9.06 | 9.36 | 9.75 | 9.69 | 9.50 | 9.04 | 8.15 | 7.44 | 6.80 | 6.28 | 5.85 | 6.10 | 5.83 | 5.39 | 5.14 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 432.53 | 422.92 | 399.04 | 408.59 | 330.53 | 330.72 | 275.42 | 242.04 | 250.66 | 276.41 | 270.22 | 288.49 | 310.11 | 286.50 | 261.97 | 232.33 | 213.25 | 205.01 | 177.43 | 168.04 | 137.24 | 138.06 | 125.01 | 106.38 | 102.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/E ratio4 | 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 | — | — | — | ||||||||
| 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 | — | — | — | ||||||||
| Intuit Inc. | — | 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 | — | — | — | ||||||||
| 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. | — | 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: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 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).
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
= (24,667,000,000 + 22,036,000,000 + 21,939,000,000 + 21,870,000,000)
÷ 7,434,880,776 = 12.17
3 Closing price as at the filing date of Microsoft Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/E ratio = Share price ÷ EPS
= 432.53 ÷ 12.17 = 35.53
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. | Microsoft Corp. P/E ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025. |
Price to Operating Profit (P/OP)
Microsoft Corp., historical P/OP calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 7,434,880,776 | 7,433,038,381 | 7,432,305,794 | 7,430,436,229 | 7,432,262,329 | 7,429,763,722 | 7,435,487,575 | 7,443,803,533 | 7,454,473,144 | 7,457,891,872 | 7,479,033,135 | 7,496,866,428 | 7,507,980,444 | 7,514,891,248 | 7,531,574,551 | 7,542,215,767 | 7,560,495,969 | 7,567,652,935 | 7,583,440,247 | 7,606,047,010 | 7,628,805,618 | 7,635,409,400 | 7,662,817,920 | 7,672,213,446 | 7,676,218,736 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Operating income (in millions) | 30,552) | 27,925) | 27,581) | 27,032) | 26,895) | 24,254) | 22,352) | 20,399) | 21,518) | 20,534) | 20,364) | 22,247) | 20,238) | 19,095) | 17,048) | 17,897) | 15,876) | 13,407) | 12,975) | 13,891) | 12,686) | 12,405) | 10,341) | 10,258) | 9,955) | ||||||||
| Operating profit per share2 | 15.21 | 14.72 | 14.23 | 13.53 | 12.63 | 11.91 | 11.41 | 11.13 | 11.36 | 11.18 | 10.96 | 10.49 | 9.89 | 9.30 | 8.53 | 7.98 | 7.43 | 7.00 | 6.85 | 6.48 | 5.99 | 5.63 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 432.53 | 422.92 | 399.04 | 408.59 | 330.53 | 330.72 | 275.42 | 242.04 | 250.66 | 276.41 | 270.22 | 288.49 | 310.11 | 286.50 | 261.97 | 232.33 | 213.25 | 205.01 | 177.43 | 168.04 | 137.24 | 138.06 | 125.01 | 106.38 | 102.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/OP ratio4 | 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 | — | — | — | ||||||||
| 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 | — | — | — | ||||||||
| Intuit Inc. | — | 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 | — | — | — | ||||||||
| 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. | — | 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: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Operating profit per share
= (Operating incomeQ1 2025
+ Operating incomeQ4 2024
+ Operating incomeQ3 2024
+ Operating incomeQ2 2024)
÷ No. shares of common stock outstanding
= (30,552,000,000 + 27,925,000,000 + 27,581,000,000 + 27,032,000,000)
÷ 7,434,880,776 = 15.21
3 Closing price as at the filing date of Microsoft Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 432.53 ÷ 15.21 = 28.44
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. | Microsoft Corp. P/OP ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025. |
Price to Sales (P/S)
Microsoft Corp., historical P/S calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 7,434,880,776 | 7,433,038,381 | 7,432,305,794 | 7,430,436,229 | 7,432,262,329 | 7,429,763,722 | 7,435,487,575 | 7,443,803,533 | 7,454,473,144 | 7,457,891,872 | 7,479,033,135 | 7,496,866,428 | 7,507,980,444 | 7,514,891,248 | 7,531,574,551 | 7,542,215,767 | 7,560,495,969 | 7,567,652,935 | 7,583,440,247 | 7,606,047,010 | 7,628,805,618 | 7,635,409,400 | 7,662,817,920 | 7,672,213,446 | 7,676,218,736 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Revenue (in millions) | 65,585) | 64,727) | 61,858) | 62,020) | 56,517) | 56,189) | 52,857) | 52,747) | 50,122) | 51,865) | 49,360) | 51,728) | 45,317) | 46,152) | 41,706) | 43,076) | 37,154) | 38,033) | 35,021) | 36,906) | 33,055) | 33,717) | 30,571) | 32,471) | 29,084) | ||||||||
| Sales per share2 | 34.19 | 32.98 | 31.83 | 30.63 | 29.37 | 28.52 | 27.92 | 27.42 | 27.24 | 26.59 | 25.75 | 24.66 | 23.48 | 22.37 | 21.24 | 20.32 | 19.46 | 18.90 | 18.29 | 17.65 | 17.02 | 16.48 | 0.00 | 0.00 | 0.00 | ||||||||
| Share price1, 3 | 432.53 | 422.92 | 399.04 | 408.59 | 330.53 | 330.72 | 275.42 | 242.04 | 250.66 | 276.41 | 270.22 | 288.49 | 310.11 | 286.50 | 261.97 | 232.33 | 213.25 | 205.01 | 177.43 | 168.04 | 137.24 | 138.06 | 125.01 | 106.38 | 102.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/S ratio4 | 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 | — | — | — | ||||||||
| 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 | — | — | — | ||||||||
| Intuit Inc. | — | 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 | — | — | — | ||||||||
| 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. | — | 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: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
Sales per share
= (RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024
+ RevenueQ2 2024)
÷ No. shares of common stock outstanding
= (65,585,000,000 + 64,727,000,000 + 61,858,000,000 + 62,020,000,000)
÷ 7,434,880,776 = 34.19
3 Closing price as at the filing date of Microsoft Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/S ratio = Share price ÷ Sales per share
= 432.53 ÷ 34.19 = 12.65
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. | Microsoft Corp. P/S ratio increased from Q3 2024 to Q4 2024 but then slightly decreased from Q4 2024 to Q1 2025 not reaching Q3 2024 level. |
Price to Book Value (P/BV)
Microsoft Corp., historical P/BV calculation (quarterly data)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | 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 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 7,434,880,776 | 7,433,038,381 | 7,432,305,794 | 7,430,436,229 | 7,432,262,329 | 7,429,763,722 | 7,435,487,575 | 7,443,803,533 | 7,454,473,144 | 7,457,891,872 | 7,479,033,135 | 7,496,866,428 | 7,507,980,444 | 7,514,891,248 | 7,531,574,551 | 7,542,215,767 | 7,560,495,969 | 7,567,652,935 | 7,583,440,247 | 7,606,047,010 | 7,628,805,618 | 7,635,409,400 | 7,662,817,920 | 7,672,213,446 | 7,676,218,736 | ||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | 287,723) | 268,477) | 253,152) | 238,268) | 220,714) | 206,223) | 194,683) | 183,136) | 173,566) | 166,542) | 162,924) | 160,010) | 151,978) | 141,988) | 134,505) | 130,236) | 123,392) | 118,304) | 114,501) | 110,109) | 106,061) | 102,330) | 94,864) | 92,128) | 85,967) | ||||||||
| Book value per share (BVPS)2 | 38.70 | 36.12 | 34.06 | 32.07 | 29.70 | 27.76 | 26.18 | 24.60 | 23.28 | 22.33 | 21.78 | 21.34 | 20.24 | 18.89 | 17.86 | 17.27 | 16.32 | 15.63 | 15.10 | 14.48 | 13.90 | 13.40 | 12.38 | 12.01 | 11.20 | ||||||||
| Share price1, 3 | 432.53 | 422.92 | 399.04 | 408.59 | 330.53 | 330.72 | 275.42 | 242.04 | 250.66 | 276.41 | 270.22 | 288.49 | 310.11 | 286.50 | 261.97 | 232.33 | 213.25 | 205.01 | 177.43 | 168.04 | 137.24 | 138.06 | 125.01 | 106.38 | 102.32 | ||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||||||
| P/BV ratio4 | 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 | ||||||||
| 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 | ||||||||
| Intuit Inc. | — | 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 | ||||||||
| 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. | — | 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: 2024-09-30), 10-K (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-Q (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-K (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-K (reporting date: 2022-06-30), 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).
1 Data adjusted for splits and stock dividends.
2 Q1 2025 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 287,723,000,000 ÷ 7,434,880,776 = 38.70
3 Closing price as at the filing date of Microsoft Corp. Quarterly or Annual Report.
4 Q1 2025 Calculation
P/BV ratio = Share price ÷ BVPS
= 432.53 ÷ 38.70 = 11.18
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. | Microsoft Corp. P/BV ratio decreased from Q3 2024 to Q4 2024 and from Q4 2024 to Q1 2025. |