Stock Analysis on Net

Accenture PLC (NYSE:ACN)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Accenture PLC, P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Accenture PLC Annual Report.


The analysis of the financial data over the given periods reveals several notable trends pertaining to the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio.

Share Price (US$)
The share price exhibits an overall upward trend from 26.31 in 2005 to 361.07 in 2024. The price experienced fluctuations, with a decline observed in 2008 (31.86) from a peak in 2007 (39.85), likely reflecting market or economic volatility during that period. Subsequently, the share price showed significant growth, especially notable from 2014 onwards, where it rose substantially from 78.35 to a peak of 341.82 in 2021. There was a downturn in 2022 to 250.07, followed by a recovery trend reaching 361.07 in 2024.
Book Value per Share (BVPS) (US$)
The BVPS demonstrated consistent growth throughout the period, increasing steadily from 1.97 in 2005 to 45.25 in 2024. This reflects a consistent accumulation of net assets on a per-share basis, indicating an improvement in the company's intrinsic value over time. The growth appears relatively stable year-over-year without major declines, signifying a robust balance sheet enhancement.
Price-to-Book Value (P/BV) Ratio
The P/BV ratio showed considerable variability, ranging from a high of 14.69 in 2007 to a low point of 7.13 in 2022. Early in the period, the ratio was elevated, suggesting the market valued the shares at a considerable premium to their book value. A significant decline in the ratio occurred in 2008 (9.15) and persisted through much of the subsequent decade, with occasional fluctuations around the 8 to 11 range. This indicates periods where market valuations were more conservative relative to the company’s book value, especially between 2013 and 2019. Recent years show a slight increase in the ratio again, though it remains below early period highs, suggesting a more tempered but sustained premium market valuation relative to book value.

Overall, the data indicate that the company’s intrinsic value per share (BVPS) has grown steadily, while the market price has experienced more pronounced fluctuations and a significant upward trajectory in recent years. The price-to-book ratio volatility reflects changing market sentiments and valuation assessments, with the recent moderation suggesting a balance between market optimism and underlying book value growth.


Comparison to Competitors

Accenture PLC, P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).


Comparison to Sector (Software & Services)


Comparison to Industry (Information Technology)