Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

$22.49

This company has been moved to the archive! The financial data has not been updated since December 3, 2024.

Price to Book Value (P/BV)
since 2005

Microsoft Excel

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Calculation

Autodesk Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).

1 US$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Autodesk Inc. Annual Report.


Share Price Trend
The share price exhibits notable fluctuations over the analyzed periods. Initially, it shows an upward trend from $29.76 to $45.10 between 2005 and 2007, followed by a significant decline to $13.39 in 2009. Subsequently, the price recovers steadily, reaching a peak of $261.50 in 2021. After peaking, the price decreases somewhat to $188.70 in 2022 but then gradually increases again to $218.20 by mid-2024. Overall, the long-term trend is strongly positive with intermittent volatility.
Book Value per Share (BVPS) Dynamics
BVPS rises steadily from $2.84 in 2005 to $9.95 in 2014, indicating growth in net asset value per share during this phase. However, a marked decline follows from 2015 to 2018, with BVPS turning negative reaching approximately -$1.17, -$0.96, and -$0.63 across three consecutive years. This suggests impairment or significant losses reducing shareholders’ equity. After 2018, BVPS recovers progressively, returning to positive territory and reaching $8.61 by 2024, reflecting restoration of equity value.
Price-to-Book Value (P/BV) Ratio Examination
The P/BV ratio starts high at 10.47 in 2005, generally declines to a low of 2.31 in 2009, which corresponds to the low share price and rising book value during that time. From 2010 through 2013, the ratio moves upward moderately, peaking dramatically at 25.18 in 2017 despite negative BVPS, which caused the ratio calculation to be extremely elevated or erratic. The years following 2017 show a continuation of very high P/BV ratios, between about 25 and 59 in the latest periods, despite the recovery in book value. This indicates that the market values the firm substantially above its book equity, possibly reflecting high growth expectations, intangible asset importance, or market optimism beyond the book value fundamentals.
Overall Insights
The share price increase over time indicates investor confidence and growth prospects, although periods of volatility and correction are evident. The severe negative BVPS periods suggest financial challenges or restructuring, followed by recovery and strengthening of the balance sheet. The high P/BV ratios imply the market assigns considerable value beyond book assets, possibly due to intangible assets or growth potential. The observed trends suggest a company that has undergone cyclical challenges but is viewed positively by the market in recent years.

Comparison to Competitors

Autodesk Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).


Comparison to Sector (Software & Services)


Comparison to Industry (Information Technology)