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
Autodesk Inc., current price multiples
| Autodesk Inc. | Accenture PLC | Adobe 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) | $259.02 | |||||||||||||||
| No. shares of common stock outstanding | 219,973,417 | |||||||||||||||
| Growth rate (g) | -16.42% | |||||||||||||||
| Earnings per share (EPS) | $5.49 | |||||||||||||||
| Next year expected EPS | $4.59 | |||||||||||||||
| Operating profit per share | $2.86 | |||||||||||||||
| Sales per share | $17.23 | |||||||||||||||
| Book value per share (BVPS) | $4.39 | |||||||||||||||
| Valuation Ratios (Price Multiples) | ||||||||||||||||
| Price to earnings (P/E) | 47.16 | 28.93 | 39.05 | 22.18 | 71.45 | 41.51 | 37.50 | 206.59 | 63.77 | 86.61 | 64.46 | 47.44 | 42.16 | |||
| Price to next year expected earnings | 56.43 | 24.22 | 29.93 | 25.15 | 60.40 | 32.29 | 25.75 | 273.76 | 61.32 | 75.73 | 55.98 | 38.46 | 33.43 | |||
| Price to operating profit (P/OP) | 90.57 | 22.56 | 31.88 | 17.73 | 54.23 | 33.93 | 24.35 | 234.54 | 52.64 | 196.76 | 62.46 | 42.67 | 37.42 | |||
| Price to sales (P/S) | 15.03 | 3.10 | 10.92 | 2.69 | 11.86 | 14.18 | 6.38 | 13.18 | 7.57 | 16.71 | 13.57 | 12.33 | 10.76 | |||
| Price to book value (P/BV) | 59.01 | 7.74 | 12.83 | 7.38 | 9.86 | 14.57 | 297.14 | 51.95 | 4.42 | 19.66 | 12.90 | 17.80 | 17.92 | |||
Based on: 10-K (reporting date: 2021-01-31).
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)
Autodesk Inc., historical price multiples
Based on: 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).
| 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. | Autodesk Inc. P/S ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Price to Earnings (P/E)
Autodesk Inc., historical P/E calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 219,592,294 | 219,521,425 | 219,535,216 | 218,327,862 | 220,849,268 | 224,493,192 | |
| Selected Financial Data (US$) | |||||||
| Net income (loss) (in thousands) | 1,208,200) | 214,500) | (80,800) | (566,900) | (582,100) | (330,500) | |
| Earnings per share (EPS)2 | 5.50 | 0.98 | -0.37 | -2.60 | -2.64 | -1.47 | |
| Share price1, 3 | 261.50 | 149.23 | 154.69 | 131.41 | 83.64 | 57.29 | |
| Valuation Ratio | |||||||
| P/E ratio4 | 47.53 | 152.72 | — | — | — | — | |
| Benchmarks | |||||||
| P/E Ratio, Competitors5 | |||||||
| Accenture PLC | 36.58 | 28.32 | 24.58 | 24.10 | — | — | |
| Adobe Inc. | 48.90 | 41.69 | 57.17 | 46.11 | — | — | |
| International Business Machines Corp. | 19.40 | 19.30 | 13.35 | — | — | — | |
| Intuit Inc. | 75.17 | 49.52 | 48.17 | 46.88 | — | — | |
| Microsoft Corp. | 35.14 | 35.04 | 26.86 | 50.00 | — | — | |
| Oracle Corp. | 15.84 | 16.69 | 16.89 | 45.90 | — | — | |
| Palo Alto Networks Inc. | — | — | — | — | — | — | |
| Salesforce Inc. | 48.20 | 1,204.70 | 107.70 | — | — | — | |
| ServiceNow Inc. | 487.70 | 978.47 | 106.89 | — | — | — | |
| Synopsys Inc. | 73.37 | 55.92 | 39.55 | 29.60 | — | — | |
| P/E Ratio, Sector | |||||||
| Software & Services | 35.66 | 35.84 | 27.47 | — | — | — | |
| P/E Ratio, Industry | |||||||
| Information Technology | 28.96 | 30.85 | 22.48 | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2021 Calculation
EPS = Net income (loss) ÷ No. shares of common stock outstanding
= 1,208,200,000 ÷ 219,592,294 = 5.50
3 Closing price as at the filing date of Autodesk Inc. Annual Report.
4 2021 Calculation
P/E ratio = Share price ÷ EPS
= 261.50 ÷ 5.50 = 47.53
5 Click competitor name to see calculations.
Price to Operating Profit (P/OP)
Autodesk Inc., historical P/OP calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 219,592,294 | 219,521,425 | 219,535,216 | 218,327,862 | 220,849,268 | 224,493,192 | |
| Selected Financial Data (US$) | |||||||
| Income (loss) from operations (in thousands) | 629,100) | 343,000) | (25,000) | (509,100) | (499,600) | 1,300) | |
| Operating profit per share2 | 2.86 | 1.56 | -0.11 | -2.33 | -2.26 | 0.01 | |
| Share price1, 3 | 261.50 | 149.23 | 154.69 | 131.41 | 83.64 | 57.29 | |
| Valuation Ratio | |||||||
| P/OP ratio4 | 91.28 | 95.51 | — | — | — | 9,893.24 | |
| Benchmarks | |||||||
| P/OP Ratio, Competitors5 | |||||||
| Accenture PLC | 28.35 | 22.21 | 18.63 | 16.75 | — | — | |
| Adobe Inc. | 40.64 | 51.75 | 51.63 | 42.06 | — | — | |
| International Business Machines Corp. | 16.23 | 15.90 | 11.94 | — | — | — | |
| Intuit Inc. | 62.00 | 41.56 | 40.45 | 37.92 | — | — | |
| Microsoft Corp. | 30.79 | 29.30 | 24.54 | 23.63 | — | — | |
| Oracle Corp. | 14.31 | 12.17 | 13.83 | 12.83 | — | — | |
| Palo Alto Networks Inc. | — | — | — | — | — | — | |
| Salesforce Inc. | 431.39 | 511.08 | 223.46 | — | — | — | |
| ServiceNow Inc. | 436.46 | 583.07 | 1,590.30 | — | — | — | |
| Synopsys Inc. | 75.64 | 59.90 | 40.48 | 35.54 | — | — | |
| P/OP Ratio, Sector | |||||||
| Software & Services | 32.08 | 29.83 | 24.61 | — | — | — | |
| P/OP Ratio, Industry | |||||||
| Information Technology | 25.70 | 26.39 | 19.60 | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2021 Calculation
Operating profit per share = Income (loss) from operations ÷ No. shares of common stock outstanding
= 629,100,000 ÷ 219,592,294 = 2.86
3 Closing price as at the filing date of Autodesk Inc. Annual Report.
4 2021 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 261.50 ÷ 2.86 = 91.28
5 Click competitor name to see calculations.
Price to Sales (P/S)
Autodesk Inc., historical P/S calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 219,592,294 | 219,521,425 | 219,535,216 | 218,327,862 | 220,849,268 | 224,493,192 | |
| Selected Financial Data (US$) | |||||||
| Net revenue (in thousands) | 3,790,400) | 3,274,300) | 2,569,800) | 2,056,600) | 2,031,000) | 2,504,100) | |
| Sales per share2 | 17.26 | 14.92 | 11.71 | 9.42 | 9.20 | 11.15 | |
| Share price1, 3 | 261.50 | 149.23 | 154.69 | 131.41 | 83.64 | 57.29 | |
| Valuation Ratio | |||||||
| P/S ratio4 | 15.15 | 10.00 | 13.21 | 13.95 | 9.09 | 5.14 | |
| Benchmarks | |||||||
| P/S Ratio, Competitors5 | |||||||
| Accenture PLC | 4.28 | 3.26 | 2.72 | 2.35 | — | — | |
| Adobe Inc. | 14.94 | 17.04 | 15.11 | 13.23 | — | — | |
| International Business Machines Corp. | 1.94 | 1.47 | 1.63 | — | — | — | |
| Intuit Inc. | 16.09 | 11.78 | 11.05 | 9.52 | — | — | |
| Microsoft Corp. | 12.81 | 10.85 | 8.38 | 7.51 | — | — | |
| Oracle Corp. | 5.38 | 4.33 | 4.74 | 4.41 | — | — | |
| Palo Alto Networks Inc. | 10.72 | 6.66 | 7.06 | 9.75 | — | — | |
| Salesforce Inc. | 9.24 | 8.88 | 9.00 | — | — | — | |
| ServiceNow Inc. | 19.02 | 25.66 | 19.36 | — | — | — | |
| Synopsys Inc. | 13.22 | 10.08 | 6.27 | 4.10 | — | — | |
| P/S Ratio, Sector | |||||||
| Software & Services | 9.27 | 7.47 | 5.99 | — | — | — | |
| P/S Ratio, Industry | |||||||
| Information Technology | 7.39 | 6.58 | 4.98 | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2021 Calculation
Sales per share = Net revenue ÷ No. shares of common stock outstanding
= 3,790,400,000 ÷ 219,592,294 = 17.26
3 Closing price as at the filing date of Autodesk Inc. Annual Report.
4 2021 Calculation
P/S ratio = Share price ÷ Sales per share
= 261.50 ÷ 17.26 = 15.15
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. | Autodesk Inc. P/S ratio decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level. |
Price to Book Value (P/BV)
Autodesk Inc., historical P/BV calculation, comparison to benchmarks
| Jan 31, 2021 | Jan 31, 2020 | Jan 31, 2019 | Jan 31, 2018 | Jan 31, 2017 | Jan 31, 2016 | ||
|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 219,592,294 | 219,521,425 | 219,535,216 | 218,327,862 | 220,849,268 | 224,493,192 | |
| Selected Financial Data (US$) | |||||||
| Stockholders’ equity (deficit) (in thousands) | 965,500) | (139,100) | (210,900) | (256,000) | 733,600) | 1,619,600) | |
| Book value per share (BVPS)2 | 4.40 | -0.63 | -0.96 | -1.17 | 3.32 | 7.21 | |
| Share price1, 3 | 261.50 | 149.23 | 154.69 | 131.41 | 83.64 | 57.29 | |
| Valuation Ratio | |||||||
| P/BV ratio4 | 59.48 | — | — | — | 25.18 | 7.94 | |
| Benchmarks | |||||||
| P/BV Ratio, Competitors5 | |||||||
| Accenture PLC | 11.06 | 8.51 | 8.15 | 9.44 | — | — | |
| Adobe Inc. | 15.94 | 16.53 | 16.03 | 12.76 | — | — | |
| International Business Machines Corp. | 5.90 | 5.24 | 6.04 | — | — | — | |
| Intuit Inc. | 15.71 | 17.71 | 20.00 | 24.12 | — | — | |
| Microsoft Corp. | 15.16 | 13.11 | 10.30 | 10.02 | — | — | |
| Oracle Corp. | 41.57 | 14.01 | 8.59 | 3.84 | — | — | |
| Palo Alto Networks Inc. | 71.88 | 20.61 | 12.91 | 22.92 | — | — | |
| Salesforce Inc. | 4.73 | 4.48 | 7.66 | — | — | — | |
| ServiceNow Inc. | 30.36 | 40.91 | 31.48 | — | — | — | |
| Synopsys Inc. | 10.50 | 7.57 | 5.16 | 3.68 | — | — | |
| P/BV Ratio, Sector | |||||||
| Software & Services | 13.38 | 11.40 | 9.93 | — | — | — | |
| P/BV Ratio, Industry | |||||||
| Information Technology | 12.31 | 10.87 | 8.24 | — | — | — | |
Based on: 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).
1 Data adjusted for splits and stock dividends.
2 2021 Calculation
BVPS = Stockholders’ equity (deficit) ÷ No. shares of common stock outstanding
= 965,500,000 ÷ 219,592,294 = 4.40
3 Closing price as at the filing date of Autodesk Inc. Annual Report.
4 2021 Calculation
P/BV ratio = Share price ÷ BVPS
= 261.50 ÷ 4.40 = 59.48
5 Click competitor name to see calculations.