Common Stock Valuation Ratios (Price Multiples)
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).
Current Valuation Ratios
Fidelity National Information Services Inc., current price multiples
| Fidelity National Information Services Inc. | Accenture PLC | Adobe Inc. | Autodesk Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Software & Services | Information Technology | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||||||||||||||
| Current share price (P) | $53.13 | ||||||||||||||||||
| No. shares of common stock outstanding | 592,436,518 | ||||||||||||||||||
| Earnings per share (EPS) | $-28.22 | ||||||||||||||||||
| Operating profit per share | $-27.21 | ||||||||||||||||||
| Sales per share | $24.52 | ||||||||||||||||||
| Book value per share (BVPS) | $45.94 | ||||||||||||||||||
| Valuation Ratios (Price Multiples) | |||||||||||||||||||
| Price to sales (P/S) | 2.17 | 3.44 | 11.33 | 12.04 | 20.39 | 28.09 | 3.21 | 11.20 | 12.60 | 9.98 | 15.94 | 8.93 | 23.49 | 14.24 | 12.11 | 12.22 | |||
| Price to book value (P/BV) | 1.16 | 7.89 | 13.31 | 35.68 | 24.49 | 37.25 | 8.81 | 9.89 | 11.51 | 60.73 | 24.75 | 5.22 | 27.63 | 13.53 | 17.54 | 19.59 | |||
Based on: 10-K (reporting date: 2022-12-31).
If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.
Historical Valuation Ratios (Summary)
Fidelity National Information Services Inc., historical price multiples
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
| 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. | Fidelity National Information Services Inc. P/S ratio decreased from 2020 to 2021 and from 2021 to 2022. |
| 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. | Fidelity National Information Services Inc. P/BV ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022. |
Price to Earnings (P/E)
Fidelity National Information Services Inc., historical P/E calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 591,935,473 | 609,590,707 | 621,128,642 | 616,321,624 | 322,920,584 | |
| Selected Financial Data (US$) | ||||||
| Net earnings (loss) attributable to FIS common stockholders (in millions) | (16,720) | 417) | 158) | 298) | 846) | |
| Earnings per share (EPS)2 | -28.25 | 0.68 | 0.25 | 0.48 | 2.62 | |
| Share price1, 3 | 64.52 | 92.25 | 134.26 | 156.78 | 107.12 | |
| Valuation Ratio | ||||||
| P/E ratio4 | — | 134.86 | 527.80 | 324.25 | 40.89 | |
| Benchmarks | ||||||
| P/E Ratio, Competitors5 | ||||||
| Accenture PLC | 22.93 | 36.58 | 28.32 | 24.58 | — | |
| Adobe Inc. | 33.15 | 48.90 | 41.69 | 57.17 | 46.11 | |
| Autodesk Inc. | 82.51 | 47.53 | 152.72 | — | — | |
| Cadence Design Systems Inc. | 59.70 | 53.88 | 62.89 | 20.22 | — | |
| CrowdStrike Holdings Inc. | — | — | — | — | — | |
| International Business Machines Corp. | 71.56 | 19.40 | 19.30 | 13.35 | — | |
| Intuit Inc. | 57.31 | 75.17 | 49.52 | 48.17 | — | |
| Microsoft Corp. | 28.34 | 35.14 | 35.04 | 26.86 | — | |
| Oracle Corp. | 26.85 | 15.84 | 16.69 | 16.89 | — | |
| Palo Alto Networks Inc. | — | — | — | — | — | |
| Salesforce Inc. | 135.68 | 48.20 | 1,204.70 | 107.70 | — | |
| ServiceNow Inc. | 284.28 | 487.70 | 978.47 | 106.89 | — | |
| Synopsys Inc. | 51.76 | 73.37 | 55.92 | 39.55 | 29.60 | |
| P/E Ratio, Sector | ||||||
| Software & Services | 33.75 | 36.39 | 36.61 | 27.87 | — | |
| P/E Ratio, Industry | ||||||
| Information Technology | 27.05 | 29.26 | 31.09 | 22.67 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
EPS = Net earnings (loss) attributable to FIS common stockholders ÷ No. shares of common stock outstanding
= -16,720,000,000 ÷ 591,935,473 = -28.25
3 Closing price as at the filing date of Fidelity National Information Services Inc. Annual Report.
4 2022 Calculation
P/E ratio = Share price ÷ EPS
= 64.52 ÷ -28.25 = —
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Fidelity National Information Services Inc., historical P/OP calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 591,935,473 | 609,590,707 | 621,128,642 | 616,321,624 | 322,920,584 | |
| Selected Financial Data (US$) | ||||||
| Operating income (loss) (in millions) | (16,119) | 1,055) | 552) | 969) | 1,458) | |
| Operating profit per share2 | -27.23 | 1.73 | 0.89 | 1.57 | 4.52 | |
| Share price1, 3 | 64.52 | 92.25 | 134.26 | 156.78 | 107.12 | |
| Valuation Ratio | ||||||
| P/OP ratio4 | — | 53.30 | 151.07 | 99.72 | 23.73 | |
| Benchmarks | ||||||
| P/OP Ratio, Competitors5 | ||||||
| Accenture PLC | 16.83 | 28.35 | 22.21 | 18.63 | — | |
| Adobe Inc. | 25.85 | 40.64 | 51.75 | 51.63 | 42.06 | |
| Autodesk Inc. | 66.40 | 91.28 | 95.51 | — | — | |
| Cadence Design Systems Inc. | 47.21 | 48.13 | 57.54 | 40.67 | — | |
| CrowdStrike Holdings Inc. | — | — | — | — | — | |
| International Business Machines Corp. | 14.35 | 16.23 | 15.90 | 11.94 | — | |
| Intuit Inc. | 46.05 | 62.00 | 41.56 | 40.45 | — | |
| Microsoft Corp. | 24.72 | 30.79 | 29.30 | 24.54 | — | |
| Oracle Corp. | 16.51 | 14.31 | 12.17 | 13.83 | — | |
| Palo Alto Networks Inc. | — | — | — | — | — | |
| Salesforce Inc. | 357.52 | 431.39 | 511.08 | 223.46 | — | |
| ServiceNow Inc. | 260.26 | 436.46 | 583.07 | 1,590.30 | — | |
| Synopsys Inc. | 43.85 | 75.64 | 59.90 | 40.48 | 35.54 | |
| P/OP Ratio, Sector | ||||||
| Software & Services | 26.79 | 32.94 | 30.46 | 25.14 | — | |
| P/OP Ratio, Industry | ||||||
| Information Technology | 22.84 | 26.04 | 26.62 | 19.84 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
Operating profit per share = Operating income (loss) ÷ No. shares of common stock outstanding
= -16,119,000,000 ÷ 591,935,473 = -27.23
3 Closing price as at the filing date of Fidelity National Information Services Inc. Annual Report.
4 2022 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 64.52 ÷ -27.23 = —
5 Click competitor name to see calculations.
Price to Sales (P/S)
Fidelity National Information Services Inc., historical P/S calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 591,935,473 | 609,590,707 | 621,128,642 | 616,321,624 | 322,920,584 | |
| Selected Financial Data (US$) | ||||||
| Revenue (in millions) | 14,528) | 13,877) | 12,552) | 10,333) | 8,423) | |
| Sales per share2 | 24.54 | 22.76 | 20.21 | 16.77 | 26.08 | |
| Share price1, 3 | 64.52 | 92.25 | 134.26 | 156.78 | 107.12 | |
| Valuation Ratio | ||||||
| P/S ratio4 | 2.63 | 4.05 | 6.64 | 9.35 | 4.11 | |
| Benchmarks | ||||||
| P/S Ratio, Competitors5 | ||||||
| Accenture PLC | 2.56 | 4.28 | 3.26 | 2.72 | — | |
| Adobe Inc. | 8.95 | 14.94 | 17.04 | 15.11 | 13.23 | |
| Autodesk Inc. | 9.35 | 15.15 | 10.00 | 13.21 | — | |
| Cadence Design Systems Inc. | 14.23 | 12.55 | 13.85 | 8.56 | — | |
| CrowdStrike Holdings Inc. | 30.15 | 48.70 | 22.79 | — | — | |
| International Business Machines Corp. | 1.94 | 1.94 | 1.47 | 1.63 | — | |
| Intuit Inc. | 9.30 | 16.09 | 11.78 | 11.05 | — | |
| Microsoft Corp. | 10.40 | 12.81 | 10.85 | 8.38 | — | |
| Oracle Corp. | 4.25 | 5.38 | 4.33 | 4.74 | — | |
| Palo Alto Networks Inc. | 9.62 | 10.72 | 6.66 | 7.06 | — | |
| Salesforce Inc. | 7.40 | 9.24 | 8.88 | 9.00 | — | |
| ServiceNow Inc. | 12.75 | 19.02 | 25.66 | 19.36 | — | |
| Synopsys Inc. | 10.03 | 13.22 | 10.08 | 6.27 | 4.10 | |
| P/S Ratio, Sector | ||||||
| Software & Services | 7.43 | 9.44 | 7.57 | 6.06 | — | |
| P/S Ratio, Industry | ||||||
| Information Technology | 6.47 | 7.48 | 6.63 | 5.03 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
Sales per share = Revenue ÷ No. shares of common stock outstanding
= 14,528,000,000 ÷ 591,935,473 = 24.54
3 Closing price as at the filing date of Fidelity National Information Services Inc. Annual Report.
4 2022 Calculation
P/S ratio = Share price ÷ Sales per share
= 64.52 ÷ 24.54 = 2.63
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. | Fidelity National Information Services Inc. P/S ratio decreased from 2020 to 2021 and from 2021 to 2022. |
Price to Book Value (P/BV)
Fidelity National Information Services Inc., historical P/BV calculation, comparison to benchmarks
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 591,935,473 | 609,590,707 | 621,128,642 | 616,321,624 | 322,920,584 | |
| Selected Financial Data (US$) | ||||||
| Total FIS stockholders’ equity (in millions) | 27,218) | 47,347) | 49,300) | 49,440) | 10,215) | |
| Book value per share (BVPS)2 | 45.98 | 77.67 | 79.37 | 80.22 | 31.63 | |
| Share price1, 3 | 64.52 | 92.25 | 134.26 | 156.78 | 107.12 | |
| Valuation Ratio | ||||||
| P/BV ratio4 | 1.40 | 1.19 | 1.69 | 1.95 | 3.39 | |
| Benchmarks | ||||||
| P/BV Ratio, Competitors5 | ||||||
| Accenture PLC | 7.13 | 11.06 | 8.51 | 8.15 | — | |
| Adobe Inc. | 11.22 | 15.94 | 16.53 | 16.03 | 12.76 | |
| Autodesk Inc. | 48.29 | 59.48 | — | — | — | |
| Cadence Design Systems Inc. | 18.46 | 13.68 | 14.90 | 9.51 | — | |
| CrowdStrike Holdings Inc. | 42.67 | 48.91 | 14.78 | — | — | |
| International Business Machines Corp. | 5.34 | 5.90 | 5.24 | 6.04 | — | |
| Intuit Inc. | 7.20 | 15.71 | 17.71 | 20.00 | — | |
| Microsoft Corp. | 12.38 | 15.16 | 13.11 | 10.30 | — | |
| Oracle Corp. | — | 41.57 | 14.01 | 8.59 | — | |
| Palo Alto Networks Inc. | 251.98 | 71.88 | 20.61 | 12.91 | — | |
| Salesforce Inc. | 3.37 | 4.73 | 4.48 | 7.66 | — | |
| ServiceNow Inc. | 18.36 | 30.36 | 40.91 | 31.48 | — | |
| Synopsys Inc. | 9.24 | 10.50 | 7.57 | 5.16 | 3.68 | |
| P/BV Ratio, Sector | ||||||
| Software & Services | 10.77 | 13.67 | 11.59 | 10.11 | — | |
| P/BV Ratio, Industry | ||||||
| Information Technology | 10.37 | 12.38 | 10.90 | 8.28 | — | |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 Data adjusted for splits and stock dividends.
2 2022 Calculation
BVPS = Total FIS stockholders’ equity ÷ No. shares of common stock outstanding
= 27,218,000,000 ÷ 591,935,473 = 45.98
3 Closing price as at the filing date of Fidelity National Information Services Inc. Annual Report.
4 2022 Calculation
P/BV ratio = Share price ÷ BVPS
= 64.52 ÷ 45.98 = 1.40
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. | Fidelity National Information Services Inc. P/BV ratio decreased from 2020 to 2021 but then slightly increased from 2021 to 2022. |