Price to Book Value (P/BV)
since 2005
Calculation
Intuit Inc., P/BV, long-term trends, calculation
| P/BV | = | Share price1, 2, 3 | ÷ | Book value per share1 (BVPS) | BVPS1 | = | Stockholders’ equity1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 9, 2026 | 4.42 | = | 313.94 | ÷ | 71.07 | 71.07 | = | 18,992 | ÷ | 267,236,000 | |
| Sep 3, 2025 | 9.46 | = | 668.68 | ÷ | 70.69 | 70.69 | = | 19,710 | ÷ | 278,805,000 | |
| Sep 4, 2024 | 9.47 | = | 623.10 | ÷ | 65.77 | 65.77 | = | 18,436 | ÷ | 280,292,000 | |
| Sep 1, 2023 | 8.92 | = | 549.60 | ÷ | 61.62 | 61.62 | = | 17,269 | ÷ | 280,259,493 | |
| Sep 2, 2022 | 7.20 | = | 420.06 | ÷ | 58.33 | 58.33 | = | 16,441 | ÷ | 281,869,879 | |
| Sep 8, 2021 | 15.71 | = | 567.59 | ÷ | 36.14 | 36.14 | = | 9,869 | ÷ | 273,091,929 | |
| Aug 31, 2020 | 17.71 | = | 345.39 | ÷ | 19.50 | 19.50 | = | 5,106 | ÷ | 261,807,204 | |
| Aug 30, 2019 | 20.00 | = | 288.36 | ÷ | 14.42 | 14.42 | = | 3,749 | ÷ | 260,073,642 | |
| Aug 31, 2018 | 24.12 | = | 219.47 | ÷ | 9.10 | 9.10 | = | 2,354 | ÷ | 258,671,620 | |
| Sep 1, 2017 | 26.72 | = | 141.90 | ÷ | 5.31 | 5.31 | = | 1,354 | ÷ | 254,973,504 | |
| Sep 1, 2016 | 24.96 | = | 112.34 | ÷ | 4.50 | 4.50 | = | 1,161 | ÷ | 257,938,052 | |
| Sep 1, 2015 | 10.00 | = | 84.10 | ÷ | 8.41 | 8.41 | = | 2,332 | ÷ | 277,306,606 | |
| Sep 12, 2014 | 7.79 | = | 83.99 | ÷ | 10.78 | 10.78 | = | 3,078 | ÷ | 285,540,169 | |
| Sep 13, 2013 | 5.28 | = | 65.95 | ÷ | 12.49 | 12.49 | = | 3,531 | ÷ | 282,712,839 | |
| Sep 13, 2012 | 6.46 | = | 59.97 | ÷ | 9.29 | 9.29 | = | 2,744 | ÷ | 295,371,402 | |
| Sep 14, 2011 | 5.46 | = | 47.49 | ÷ | 8.70 | 8.70 | = | 2,616 | ÷ | 300,814,069 | |
| Sep 16, 2010 | 5.05 | = | 44.87 | ÷ | 8.88 | 8.88 | = | 2,821 | ÷ | 317,535,557 | |
| Sep 15, 2009 | 3.50 | = | 27.78 | ÷ | 7.94 | 7.94 | = | 2,556 | ÷ | 321,936,540 | |
| Sep 12, 2008 | 4.76 | = | 30.44 | ÷ | 6.40 | 6.40 | = | 2,073 | ÷ | 323,962,762 | |
| Sep 14, 2007 | 4.74 | = | 28.46 | ÷ | 6.00 | 6.00 | = | 2,035 | ÷ | 338,899,364 | |
| Sep 15, 2006 | 6.56 | = | 33.03 | ÷ | 5.03 | 5.03 | = | 1,738 | ÷ | 345,230,960 | |
| Sep 26, 2005 | 4.73 | = | 22.44 | ÷ | 4.74 | 4.74 | = | 1,695 | ÷ | 357,485,282 |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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.
The financial data reveals a distinct cyclical pattern in the valuation of the company relative to its book value from 2005 to 2026. This progression is characterized by an initial period of stability, a phase of extreme valuation expansion, and a subsequent multi-year correction toward historical norms.
- Share Price and Book Value per Share (BVPS) Trends
- The share price exhibited a long-term upward trajectory, rising from 22.44 USD in 2005 to a peak of 668.68 USD in 2024, before experiencing a significant reduction to 313.94 USD by 2026. Concurrently, the book value per share demonstrated consistent growth over the long term, increasing from 4.74 USD in 2005 to 71.07 USD in 2026, despite a temporary contraction between 2015 and 2016 where BVPS dropped to 4.50 USD.
- Early Valuation Phase (2005–2014)
- During this interval, the Price to Book Value (P/BV) ratio remained relatively stable, fluctuating within a range of 3.50 to 7.79. The lowest point in this period occurred in 2009 (3.50), while the ratio began to climb toward the end of the period, reaching 7.79 in 2014.
- Valuation Peak and Divergence (2015–2019)
- A period of aggressive valuation expansion is observed starting in 2015. The P/BV ratio surged from 10.00 in 2015 to a peak of 26.72 in 2017. This spike indicates a significant market premium over the accounting value of the company, suggesting that investor expectations were driven by factors far exceeding the tangible book value, or that equity was reduced through corporate actions such as share repurchases.
- Normalization and Recent Correction (2020–2026)
- Beginning in 2020, a sustained downward trend in the P/BV ratio is evident. The ratio declined from 17.71 in 2020 to 9.47 by 2023. A sharp correction occurred in the final recorded period, with the P/BV ratio falling to 4.42 in 2026. This final value represents a return to the valuation levels observed nearly two decades prior, coinciding with a substantial decrease in the share price despite the continued growth of the book value per share.
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Comparison to Competitors
Intuit Inc., P/BV, long-term trends, comparison to competitors
| Intuit Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 9, 2026 | 4.42 | — | — | — | — | — | — | 6.56 | 11.86 | — | 10.07 | 3.01 | — | — | 4.97 |
| Sep 3, 2025 | 9.46 | 4.79 | 10.74 | 65.10 | 14.77 | 11.50 | 6.59 | 11.11 | 28.96 | 43.07 | 16.29 | 4.59 | 9.42 | 3.25 | 7.15 |
| Sep 4, 2024 | 9.47 | 7.98 | 12.61 | 99.97 | 15.15 | 15.94 | 8.75 | 11.71 | 45.25 | 58.42 | 21.15 | 4.94 | 21.71 | 8.48 | 8.63 |
| Sep 1, 2023 | 8.92 | 7.44 | 16.31 | 16.06 | 24.05 | 21.22 | 7.49 | 11.92 | 308.71 | 14.90 | 42.84 | 3.13 | 20.60 | 14.02 | 8.58 |
| Sep 2, 2022 | 7.20 | 7.13 | 11.22 | 2.67 | 18.46 | 17.39 | 5.34 | 12.38 | — | 6.94 | 252.00 | 3.37 | 18.36 | 9.24 | 12.68 |
| Sep 8, 2021 | 15.71 | 11.06 | 15.94 | 7.83 | 13.68 | 48.66 | 5.90 | 15.16 | 41.57 | 10.48 | 71.88 | 4.73 | 30.36 | 10.50 | 18.38 |
| Aug 31, 2020 | 17.71 | 8.51 | 16.53 | — | 14.90 | 31.25 | 5.24 | 13.11 | 14.01 | 28.60 | 20.61 | 4.48 | 40.91 | 7.57 | 15.54 |
| Aug 30, 2019 | 20.00 | 8.15 | 16.03 | — | 9.51 | 16.83 | 6.04 | 10.30 | 8.59 | — | 12.91 | 7.66 | 31.48 | 5.16 | 21.26 |
| Aug 31, 2018 | 24.12 | 9.44 | 12.76 | — | 12.50 | — | 7.40 | 10.02 | 3.84 | — | 22.92 | 9.93 | 39.03 | 3.68 | 18.62 |
| Sep 1, 2017 | 26.72 | 10.08 | 11.50 | — | 11.49 | — | 8.20 | 7.69 | 3.90 | — | 17.37 | 7.78 | 48.15 | 3.99 | 14.93 |
| Sep 1, 2016 | 24.96 | 9.83 | 7.37 | — | 11.10 | — | 9.30 | 6.08 | 3.49 | — | 16.91 | 9.45 | 37.73 | 2.81 | 12.36 |
| Sep 1, 2015 | 10.00 | 11.33 | 6.35 | — | 4.61 | — | 8.92 | 4.66 | 3.66 | — | 32.11 | 10.57 | 15.42 | 2.20 | 13.98 |
| Sep 12, 2014 | 7.79 | 8.96 | 5.26 | — | 4.06 | — | 13.73 | 3.96 | 3.82 | — | 16.81 | 12.79 | 26.77 | 2.12 | 14.17 |
| Sep 13, 2013 | 5.28 | 10.06 | 4.49 | — | 3.74 | — | 8.37 | 3.36 | 3.13 | — | 12.19 | 11.74 | 24.35 | 2.19 | 17.51 |
| Sep 13, 2012 | 6.46 | 11.05 | 2.84 | — | 4.38 | — | 11.77 | 3.68 | 3.11 | — | 19.49 | 12.73 | 19.86 | 1.93 | — |
| Sep 14, 2011 | 5.46 | 10.33 | 2.66 | — | 7.87 | — | 11.39 | 4.07 | 4.12 | — | — | 12.71 | — | 1.84 | — |
| Sep 16, 2010 | 5.05 | 11.06 | 3.29 | — | 9.33 | — | 8.57 | 4.84 | 3.52 | — | — | 9.19 | — | 1.93 | — |
| Sep 15, 2009 | 3.50 | 9.61 | 3.68 | — | 14.21 | — | 7.26 | 5.36 | 4.29 | — | — | 5.65 | — | 1.71 | — |
| Sep 12, 2008 | 4.76 | 9.15 | 2.34 | — | 10.30 | — | 8.61 | 6.47 | 4.66 | — | — | 15.76 | — | 1.68 | — |
| Sep 14, 2007 | 4.74 | 14.69 | 4.24 | — | 1.49 | — | 5.56 | 33.73 | 5.96 | — | — | 17.53 | — | 2.67 | — |
| Sep 15, 2006 | 6.56 | 13.85 | 4.39 | — | 3.45 | — | 4.96 | 19.86 | 5.28 | — | — | 21.98 | — | 3.34 | — |
| Sep 26, 2005 | 4.73 | 13.33 | 12.48 | — | 2.78 | — | 3.80 | 17.90 | 6.31 | — | — | 10.50 | — | 2.57 | — |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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)
Intuit Inc., P/BV, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Sep 9, 2026 | 4.42 | — |
| Sep 3, 2025 | 9.46 | 10.64 |
| Sep 4, 2024 | 9.47 | 11.97 |
| Sep 1, 2023 | 8.92 | 11.39 |
| Sep 2, 2022 | 7.20 | 10.54 |
| Sep 8, 2021 | 15.71 | 13.51 |
| Aug 31, 2020 | 17.71 | 11.67 |
| Aug 30, 2019 | 20.00 | 10.06 |
| Aug 31, 2018 | 24.12 | 8.75 |
| Sep 1, 2017 | 26.72 | 7.21 |
| Sep 1, 2016 | 24.96 | 6.29 |
| Sep 1, 2015 | 10.00 | 5.39 |
| Sep 12, 2014 | 7.79 | 5.16 |
| Sep 13, 2013 | 5.28 | 4.47 |
| Sep 13, 2012 | 6.46 | 4.89 |
| Sep 14, 2011 | 5.46 | 5.40 |
| Sep 16, 2010 | 5.05 | 5.32 |
| Sep 15, 2009 | 3.50 | 5.46 |
| Sep 12, 2008 | 4.76 | 6.11 |
| Sep 14, 2007 | 4.74 | 15.50 |
| Sep 15, 2006 | 6.56 | 11.43 |
| Sep 26, 2005 | 4.73 | 11.13 |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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 Industry (Information Technology)
Intuit Inc., P/BV, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Sep 9, 2026 | 4.42 | — |
| Sep 3, 2025 | 9.46 | 13.99 |
| Sep 4, 2024 | 9.47 | 13.09 |
| Sep 1, 2023 | 8.92 | 11.29 |
| Sep 2, 2022 | 7.20 | 10.25 |
| Sep 8, 2021 | 15.71 | 12.37 |
| Aug 31, 2020 | 17.71 | 10.94 |
| Aug 30, 2019 | 20.00 | 8.41 |
| Aug 31, 2018 | 24.12 | 7.00 |
| Sep 1, 2017 | 26.72 | 5.46 |
| Sep 1, 2016 | 24.96 | 4.53 |
| Sep 1, 2015 | 10.00 | 4.30 |
| Sep 12, 2014 | 7.79 | 4.36 |
| Sep 13, 2013 | 5.28 | 3.50 |
| Sep 13, 2012 | 6.46 | 3.75 |
| Sep 14, 2011 | 5.46 | 3.98 |
| Sep 16, 2010 | 5.05 | 4.16 |
| Sep 15, 2009 | 3.50 | 4.31 |
| Sep 12, 2008 | 4.76 | 4.00 |
| Sep 14, 2007 | 4.74 | 8.64 |
| Sep 15, 2006 | 6.56 | 7.24 |
| Sep 26, 2005 | 4.73 | 7.40 |
Based on: 10-K (reporting date: 2026-07-31), 10-K (reporting date: 2025-07-31), 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).