Price to Earnings (P/E)
since 2005
Calculation
Autodesk Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income (loss)1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 10, 2024 | 51.89 | = | 218.20 | ÷ | 4.21 | 4.21 | = | 906 | ÷ | 215,446,979 | |
| Mar 14, 2023 | 51.99 | = | 199.22 | ÷ | 3.83 | 3.83 | = | 823 | ÷ | 214,782,702 | |
| Mar 14, 2022 | 82.51 | = | 188.70 | ÷ | 2.29 | 2.29 | = | 497 | ÷ | 217,307,974 | |
| Mar 19, 2021 | 47.53 | = | 261.50 | ÷ | 5.50 | 5.50 | = | 1,208 | ÷ | 219,592,294 | |
| Mar 19, 2020 | 152.72 | = | 149.23 | ÷ | 0.98 | 0.98 | = | 215 | ÷ | 219,521,425 | |
| Mar 25, 2019 | — | = | 154.69 | ÷ | -0.37 | -0.37 | = | -81 | ÷ | 219,535,216 | |
| Mar 22, 2018 | — | = | 131.41 | ÷ | -2.60 | -2.60 | = | -567 | ÷ | 218,327,862 | |
| Mar 21, 2017 | — | = | 83.64 | ÷ | -2.64 | -2.64 | = | -582 | ÷ | 220,849,268 | |
| Mar 23, 2016 | — | = | 57.29 | ÷ | -1.47 | -1.47 | = | -331 | ÷ | 224,493,192 | |
| Mar 18, 2015 | 171.18 | = | 61.63 | ÷ | 0.36 | 0.36 | = | 82 | ÷ | 227,204,316 | |
| Mar 10, 2014 | 52.22 | = | 52.59 | ÷ | 1.01 | 1.01 | = | 229 | ÷ | 227,185,041 | |
| Mar 18, 2013 | 36.21 | = | 40.03 | ÷ | 1.11 | 1.11 | = | 247 | ÷ | 223,800,000 | |
| Mar 15, 2012 | 31.93 | = | 40.08 | ÷ | 1.26 | 1.26 | = | 285 | ÷ | 227,300,000 | |
| Mar 18, 2011 | 42.36 | = | 39.40 | ÷ | 0.93 | 0.93 | = | 212 | ÷ | 227,900,000 | |
| Mar 19, 2010 | 115.08 | = | 29.11 | ÷ | 0.25 | 0.25 | = | 58 | ÷ | 229,300,000 | |
| Mar 20, 2009 | 16.51 | = | 13.39 | ÷ | 0.81 | 0.81 | = | 184 | ÷ | 226,400,000 | |
| Mar 28, 2008 | 20.54 | = | 31.77 | ÷ | 1.55 | 1.55 | = | 356 | ÷ | 230,300,000 | |
| Jun 4, 2007 | 35.99 | = | 45.10 | ÷ | 1.25 | 1.25 | = | 290 | ÷ | 231,200,000 | |
| Mar 30, 2006 | 26.63 | = | 38.07 | ÷ | 1.43 | 1.43 | = | 329 | ÷ | 230,100,000 | |
| Mar 31, 2005 | 30.63 | = | 29.76 | ÷ | 0.97 | 0.97 | = | 222 | ÷ | 228,000,000 |
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.
The financial trajectory between 2005 and 2024 is characterized by significant volatility in earnings performance and a corresponding expansion in valuation multiples. While the share price demonstrated a long-term upward trend, the Price to Earnings (P/E) ratio experienced extreme fluctuations, often driven by sharp contractions in earnings per share (EPS) rather than proportional changes in market price.
- Share Price Evolution
- A general growth pattern is observed in the share price, which rose from 29.76 US$ in 2005 to 218.20 US$ by June 2024. This growth was not linear; a notable trough occurred in 2009 with a price of 13.39 US$, followed by a period of aggressive appreciation that peaked at 261.50 US$ in 2021 before stabilizing in the 188.00 US$ to 218.00 US$ range.
- Earnings Per Share (EPS) Volatility
- Earnings exhibited substantial instability over the analyzed period. Initial stability between 2005 and 2008 was followed by a decline and a period of extreme volatility. A significant deficit occurred between 2016 and 2019, during which the company reported negative EPS, reaching a low of -2.64 US$ in 2017. A strong recovery began in 2020, with EPS increasing from 0.98 US$ to 4.21 US$ by 2024, representing a transition to a higher earnings baseline.
- P/E Ratio Interpretation
- The P/E ratio reflects a shift in market valuation and earnings reliability. From 2005 to 2009, the ratio remained relatively moderate, ranging from 16.51 to 35.99. However, spikes occurred in 2010 (115.08), 2015 (171.18), and 2020 (152.72), coinciding with years where EPS was positive but exceptionally low, thereby inflating the ratio. The absence of P/E ratios between 2016 and 2019 is directly attributable to negative earnings. In the most recent period from 2021 to 2024, the P/E ratio has stabilized between 47.53 and 82.51, concluding at 51.89, which suggests a higher valuation premium compared to the pre-2010 era.
The overall correlation suggests that the market maintained a bullish outlook on the share price even during periods of negative or minimal earnings, as evidenced by the continued price appreciation during the 2016-2019 EPS deficit. The recent stabilization of both EPS and the P/E ratio indicates a transition toward a more sustainable valuation model based on strengthened profitability.
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Comparison to Competitors
Autodesk Inc., P/E, long-term trends, comparison to competitors
| Autodesk Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 10, 2024 | 51.89 | 31.07 | 31.98 | 68.97 | 67.09 | 235.49 | 39.68 | 58.94 | 35.67 | 37.63 | 632.38 | 42.42 | 71.24 | 146.40 | 33.69 | 50.53 |
| Mar 14, 2023 | 51.99 | 27.81 | 49.64 | 56.56 | 78.64 | 884.97 | 22.50 | 64.61 | 33.96 | 38.96 | 246.77 | 170.35 | 879.57 | 90.80 | 70.08 | — |
| Mar 14, 2022 | 82.51 | 22.93 | 33.15 | — | 59.70 | — | 71.56 | 57.31 | 28.34 | 26.85 | — | — | 135.68 | 284.29 | 51.76 | 1,957.29 |
| Mar 19, 2021 | 47.53 | 36.58 | 48.90 | 472.35 | 53.88 | — | 19.40 | 75.17 | 35.14 | 15.84 | — | — | 48.20 | 487.70 | 73.37 | — |
| Mar 19, 2020 | 152.72 | 28.32 | 41.69 | — | 62.89 | — | 19.30 | 49.52 | 35.04 | 16.69 | — | — | 1,204.70 | 978.49 | 55.92 | — |
| Mar 25, 2019 | — | 24.58 | 57.17 | — | 20.22 | — | 13.35 | 48.17 | 26.86 | 16.89 | — | — | 107.70 | 106.89 | 39.55 | — |
| Mar 22, 2018 | — | 24.10 | 46.11 | — | 46.59 | — | 14.25 | 46.88 | 50.00 | 45.90 | — | — | 731.11 | — | 29.60 | — |
| Mar 21, 2017 | — | 26.18 | 57.41 | — | 55.67 | — | 25.07 | 37.26 | 26.25 | 22.49 | — | — | 324.94 | — | 95.81 | — |
| Mar 23, 2016 | — | 18.07 | 46.80 | — | 40.53 | — | 14.29 | 29.60 | 26.08 | 18.53 | — | — | — | — | 33.71 | — |
| Mar 18, 2015 | 171.18 | 22.75 | 70.59 | — | 25.14 | — | 9.65 | 63.89 | 30.63 | 17.92 | — | — | — | — | 30.45 | — |
| Mar 10, 2014 | 52.22 | 17.46 | 132.73 | — | 34.03 | — | 13.55 | 26.44 | 16.11 | 16.33 | — | — | — | — | 25.00 | — |
| Mar 18, 2013 | 36.21 | 15.20 | 104.21 | — | 26.30 | — | 11.58 | 21.73 | 12.14 | 12.78 | — | — | — | — | 24.68 | — |
| Mar 15, 2012 | 31.93 | 17.95 | 22.73 | — | 9.11 | — | 13.37 | 22.37 | 14.40 | 13.61 | — | 6,057.94 | — | — | 26.53 | — |
| Mar 18, 2011 | 42.36 | 17.60 | 18.49 | — | 44.80 | — | 14.47 | 22.53 | 10.03 | 19.17 | — | — | 251.73 | — | 17.51 | — |
| Mar 19, 2010 | 115.08 | 17.62 | 22.05 | — | 20.39 | — | 13.32 | 24.82 | 11.91 | 17.66 | — | — | 118.88 | — | 17.09 | — |
| Mar 20, 2009 | 16.51 | 17.45 | 46.62 | — | — | — | 12.24 | 20.01 | 14.56 | 19.25 | — | — | 87.39 | — | 18.86 | — |
| Mar 28, 2008 | 20.54 | 13.74 | 11.84 | — | — | — | 9.40 | 20.68 | 13.28 | 19.44 | — | — | 388.13 | — | 13.55 | — |
| Jun 4, 2007 | 35.99 | 24.38 | 27.23 | — | 10.43 | — | 15.20 | 21.92 | 74.58 | 23.58 | — | — | 10,271.10 | — | 29.39 | — |
| Mar 30, 2006 | 26.63 | 26.95 | 44.72 | — | 41.15 | — | 14.90 | 27.35 | 63.21 | 23.43 | — | — | 151.60 | — | 156.86 | — |
| Mar 31, 2005 | 30.63 | 24.06 | 38.61 | — | 103.88 | — | 15.85 | 21.02 | 70.27 | 23.70 | — | — | 207.38 | — | — | — |
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)
Autodesk Inc., P/E, long-term trends, comparison to sector (software & services)
| Autodesk Inc. | Software & Services | |
|---|---|---|
| Jun 10, 2024 | 51.89 | 41.55 |
| Mar 14, 2023 | 51.99 | 40.00 |
| Mar 14, 2022 | 82.51 | 34.25 |
| Mar 19, 2021 | 47.53 | 37.62 |
| Mar 19, 2020 | 152.72 | 38.46 |
| Mar 25, 2019 | — | 28.30 |
| Mar 22, 2018 | — | 43.31 |
| Mar 21, 2017 | — | 30.27 |
| Mar 23, 2016 | — | 23.96 |
| Mar 18, 2015 | 171.18 | 23.38 |
| Mar 10, 2014 | 52.22 | 18.36 |
| Mar 18, 2013 | 36.21 | 14.09 |
| Mar 15, 2012 | 31.93 | 14.97 |
| Mar 18, 2011 | 42.36 | 13.91 |
| Mar 19, 2010 | 115.08 | 14.04 |
| Mar 20, 2009 | 16.51 | 15.17 |
| Mar 28, 2008 | 20.54 | 13.87 |
| Jun 4, 2007 | 35.99 | 43.67 |
| Mar 30, 2006 | 26.63 | 39.59 |
| Mar 31, 2005 | 30.63 | 44.69 |
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 Industry (Information Technology)
Autodesk Inc., P/E, long-term trends, comparison to industry (information technology)
| Autodesk Inc. | Information Technology | |
|---|---|---|
| Jun 10, 2024 | 51.89 | 45.43 |
| Mar 14, 2023 | 51.99 | 36.13 |
| Mar 14, 2022 | 82.51 | 26.99 |
| Mar 19, 2021 | 47.53 | 29.75 |
| Mar 19, 2020 | 152.72 | 30.97 |
| Mar 25, 2019 | — | 23.40 |
| Mar 22, 2018 | — | 23.17 |
| Mar 21, 2017 | — | 23.55 |
| Mar 23, 2016 | — | 19.69 |
| Mar 18, 2015 | 171.18 | 16.54 |
| Mar 10, 2014 | 52.22 | 17.14 |
| Mar 18, 2013 | 36.21 | 14.15 |
| Mar 15, 2012 | 31.93 | 14.37 |
| Mar 18, 2011 | 42.36 | 13.71 |
| Mar 19, 2010 | 115.08 | 15.08 |
| Mar 20, 2009 | 16.51 | 21.50 |
| Mar 28, 2008 | 20.54 | 15.83 |
| Jun 4, 2007 | 35.99 | 36.48 |
| Mar 30, 2006 | 26.63 | 32.07 |
| Mar 31, 2005 | 30.63 | 33.76 |
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).