Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)
EV to EBITDA Ratio, Current
EV to EBITDA Ratio, Historical

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Intuit Inc., EBITDA calculation

US$ in millions

12 months ended:	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
Net income	2,384)	2,066)	2,062)	1,826)	1,557)	1,211)
Add: Income tax expense	605)	476)	494)	372)	324)	292)
Earnings before tax (EBT)	2,989)	2,542)	2,556)	2,198)	1,881)	1,503)
Add: Interest expense	248)	81)	29)	14)	15)	20)
Earnings before interest and tax (EBIT)	3,237)	2,623)	2,585)	2,212)	1,896)	1,523)
Add: Depreciation	160)	187)	166)	189)	199)	228)
Add: Amortization of acquired intangible assets	646)	559)	197)	29)	26)	25)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,043)	3,369)	2,948)	2,430)	2,121)	1,776)

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

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Item	Description	The company
EBITDA	To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital.	Intuit Inc. EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

Intuit Inc., current EV/EBITDA calculation, comparison to benchmarks

Selected Financial Data (US$ in millions)
Enterprise value (EV)	174,701)
Earnings before interest, tax, depreciation and amortization (EBITDA)	4,043)
Valuation Ratio
EV/EBITDA	43.21
Benchmarks
EV/EBITDA, Competitors¹
Accenture PLC	16.96
Adobe Inc.	26.47
International Business Machines Corp.	13.20
Microsoft Corp.	27.47
Oracle Corp.	20.94
Palo Alto Networks Inc.	105.56
Salesforce Inc.	28.03
ServiceNow Inc.	86.05
Synopsys Inc.	50.38
EV/EBITDA, Sector
Software & Services	27.11
EV/EBITDA, Industry
Information Technology	28.20

Based on: 10-K (reporting date: 2023-07-31).

¹ Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.

Enterprise Value to EBITDA Ratio, Historical

Intuit Inc., historical EV/EBITDA calculation, comparison to benchmarks

	Jul 31, 2023	Jul 31, 2022	Jul 31, 2021	Jul 31, 2020	Jul 31, 2019	Jul 31, 2018
Selected Financial Data (US$ in millions)
Enterprise value (EV)¹	156,489)	122,035)	153,168)	86,745)	72,691)	55,493)
Earnings before interest, tax, depreciation and amortization (EBITDA)²	4,043)	3,369)	2,948)	2,430)	2,121)	1,776)
Valuation Ratio
EV/EBITDA³	38.71	36.22	51.96	35.70	34.27	31.25
Benchmarks
EV/EBITDA, Competitors⁴
Accenture PLC	17.26	14.25	23.31	17.46	15.60	13.79
Adobe Inc.	34.07	22.32	35.44	43.06	41.16	37.27
International Business Machines Corp.	14.41	22.17	12.53	12.28	10.23	—
Microsoft Corp.	22.92	20.17	24.59	21.74	17.21	15.67
Oracle Corp.	21.80	17.12	13.78	11.54	11.83	9.50
Palo Alto Networks Inc.	85.08	515.16	—	349.95	117.16	—
Salesforce Inc.	38.42	38.91	33.92	49.78	56.71	—
ServiceNow Inc.	96.48	104.30	147.45	220.91	187.17	—
Synopsys Inc.	54.59	36.73	53.43	42.24	26.98	21.34
EV/EBITDA, Sector
Software & Services	24.33	21.63	24.66	22.06	17.87	—
EV/EBITDA, Industry
Information Technology	23.37	18.28	20.37	19.53	14.42	—

¹ See details »

² See details »

³ 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 156,489 ÷ 4,043 = 38.71

⁴ Click competitor name to see calculations.

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Valuation ratio	Description	The company
EV/EBITDA	Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock.	Intuit Inc. EV/EBITDA ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Intuit Inc. (NASDAQ:INTU)

Enterprise Value to EBITDA (EV/EBITDA)

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Enterprise Value to EBITDA Ratio, Current

Enterprise Value to EBITDA Ratio, Historical