Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

$24.99

Price to Book Value (P/BV)
since 2005

Microsoft Excel

Calculation

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

Microsoft Excel

Based on: 10-K (reporting date: 2024-07-31), 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).

1 US$

2 Data adjusted for splits and stock dividends.

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


Share Price Trend
The share price shows an overall upward trajectory over the observed period, increasing from $22.44 in 2005 to $623.10 in 2024. Notable periods of accelerated growth include the transition from 2017 ($141.90) to 2019 ($288.36), and again from 2019 to 2021 ($345.39 to $567.59). There are some fluctuations, with dips observed in 2007 and more significantly in 2022 when the share price dropped from $567.59 in 2021 to $420.06 in 2022, before recovering in subsequent years.
Book Value per Share (BVPS) Behavior
BVPS demonstrates a steady increase across the years, beginning at $4.74 in 2005 and growing to $65.77 by 2024. Early growth is gradual through 2012, followed by some volatility especially between 2014 and 2016 where BVPS notably decreased from $8.41 to $4.50. Post-2016, there is a clear upward trend with pronounced increases from 2017 onward, reflecting significant growth in the company's net asset value per share.
Price to Book Value Ratio (P/BV)
The P/BV ratio reveals substantial variability. It fluctuates within a range of approximately 3.5 to 10 up to 2014, after which a marked increase occurs peaking at 26.72 in 2017. This high P/BV level suggests the market valued the company significantly above its book value during this time. Following the peak, a downward correction is observed, with ratios declining to the range of 7.2 to 9.47 in the most recent years (2022–2024). The high P/BV in the mid to late 2010s indicates strong market confidence or growth expectations during that period, while the recent normalization suggests a recalibration of valuation relative to book value.
Insights and General Observations
The data points to robust share price appreciation driven by increasing book value, though market valuations relative to book value have seen periods of significant expansion and contraction. The elevated P/BV ratios in the late 2010s imply a market premium likely based on growth prospects or intangible assets not captured in book value. The decline in P/BV ratios in recent years, despite continued increases in BVPS and share price, could reflect market adjustments to growth expectations or risk perceptions. Overall, the trends suggest a company with strengthening fundamentals complemented by periods of strong investor optimism reflected in market price multiples.

Comparison to Competitors

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

Microsoft Excel

Based on: 10-K (reporting date: 2024-07-31), 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), 10-K (reporting date: 2017-07-31), 10-K (reporting date: 2016-07-31), 10-K (reporting date: 2015-07-31), 10-K (reporting date: 2014-07-31), 10-K (reporting date: 2013-07-31), 10-K (reporting date: 2012-07-31), 10-K (reporting date: 2011-07-31), 10-K (reporting date: 2010-07-31), 10-K (reporting date: 2009-07-31), 10-K (reporting date: 2008-07-31), 10-K (reporting date: 2007-07-31), 10-K (reporting date: 2006-07-31), 10-K (reporting date: 2005-07-31).


Comparison to Sector (Software & Services)


Comparison to Industry (Information Technology)