Price to Earnings (P/E)
since 2005
Calculation
Intuit Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 9, 2026 | 18.37 | = | 313.94 | ÷ | 17.09 | 17.09 | = | 4,566 | ÷ | 267,236,000 | |
| Sep 3, 2025 | 48.19 | = | 668.68 | ÷ | 13.88 | 13.88 | = | 3,869 | ÷ | 278,805,000 | |
| Sep 4, 2024 | 58.94 | = | 623.10 | ÷ | 10.57 | 10.57 | = | 2,963 | ÷ | 280,292,000 | |
| Sep 1, 2023 | 64.61 | = | 549.60 | ÷ | 8.51 | 8.51 | = | 2,384 | ÷ | 280,259,493 | |
| Sep 2, 2022 | 57.31 | = | 420.06 | ÷ | 7.33 | 7.33 | = | 2,066 | ÷ | 281,869,879 | |
| Sep 8, 2021 | 75.17 | = | 567.59 | ÷ | 7.55 | 7.55 | = | 2,062 | ÷ | 273,091,929 | |
| Aug 31, 2020 | 49.52 | = | 345.39 | ÷ | 6.97 | 6.97 | = | 1,826 | ÷ | 261,807,204 | |
| Aug 30, 2019 | 48.17 | = | 288.36 | ÷ | 5.99 | 5.99 | = | 1,557 | ÷ | 260,073,642 | |
| Aug 31, 2018 | 46.88 | = | 219.47 | ÷ | 4.68 | 4.68 | = | 1,211 | ÷ | 258,671,620 | |
| Sep 1, 2017 | 37.26 | = | 141.90 | ÷ | 3.81 | 3.81 | = | 971 | ÷ | 254,973,504 | |
| Sep 1, 2016 | 29.60 | = | 112.34 | ÷ | 3.80 | 3.80 | = | 979 | ÷ | 257,938,052 | |
| Sep 1, 2015 | 63.89 | = | 84.10 | ÷ | 1.32 | 1.32 | = | 365 | ÷ | 277,306,606 | |
| Sep 12, 2014 | 26.44 | = | 83.99 | ÷ | 3.18 | 3.18 | = | 907 | ÷ | 285,540,169 | |
| Sep 13, 2013 | 21.73 | = | 65.95 | ÷ | 3.03 | 3.03 | = | 858 | ÷ | 282,712,839 | |
| Sep 13, 2012 | 22.37 | = | 59.97 | ÷ | 2.68 | 2.68 | = | 792 | ÷ | 295,371,402 | |
| Sep 14, 2011 | 22.53 | = | 47.49 | ÷ | 2.11 | 2.11 | = | 634 | ÷ | 300,814,069 | |
| Sep 16, 2010 | 24.82 | = | 44.87 | ÷ | 1.81 | 1.81 | = | 574 | ÷ | 317,535,557 | |
| Sep 15, 2009 | 20.01 | = | 27.78 | ÷ | 1.39 | 1.39 | = | 447 | ÷ | 321,936,540 | |
| Sep 12, 2008 | 20.68 | = | 30.44 | ÷ | 1.47 | 1.47 | = | 477 | ÷ | 323,962,762 | |
| Sep 14, 2007 | 21.92 | = | 28.46 | ÷ | 1.30 | 1.30 | = | 440 | ÷ | 338,899,364 | |
| Sep 15, 2006 | 27.35 | = | 33.03 | ÷ | 1.21 | 1.21 | = | 417 | ÷ | 345,230,960 | |
| Sep 26, 2005 | 21.02 | = | 22.44 | ÷ | 1.07 | 1.07 | = | 382 | ÷ | 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 trajectory from 2005 to 2026 is characterized by a long-term expansion in both share price and earnings per share (EPS), although the relationship between the two—expressed as the Price to Earnings (P/E) ratio—has undergone several distinct phases of volatility and valuation shifts.
- Historical Valuation Stability (2005–2014)
- During this initial decade, the P/E ratio remained relatively stable, generally fluctuating between 20.01 and 27.35. Share prices grew from 22.44 to 83.99, mirrored by a steady increase in EPS from 1.07 to 3.18. This period reflects a consistent market valuation relative to earnings growth.
- Valuation Anomalies and Transition (2015–2020)
- A significant deviation occurred in 2015, where a sharp contraction in EPS to 1.32 resulted in a P/E spike to 63.89, suggesting that share prices remained resilient despite a temporary drop in earnings. Following this, a structural shift in valuation is observed from 2016 onward, as the P/E ratio climbed from 29.60 to 49.52 by 2020, indicating increased investor willingness to pay a premium for each dollar of earnings.
- Peak Valuation and Volatility (2021–2024)
- The P/E ratio reached its historical peak in 2021 at 75.17, coinciding with a substantial increase in share price to 567.59. While the ratio fluctuated between 57.31 and 64.61 from 2022 to 2024, the valuation remained significantly higher than the pre-2015 baseline, reflecting a period of high growth expectations.
- Recent Valuation Compression (2025–2026)
- A marked downward trend in the P/E ratio is evident in the final two years of the period. Despite EPS reaching its highest levels at 13.88 in 2025 and 17.09 in 2026, the P/E ratio compressed sharply to 48.19 and then to 18.37. This suggests a significant correction in market valuation, where the share price declined more rapidly than the growth in earnings, ultimately bringing the P/E ratio below its 2005 starting point.
In summary, the data reveals a transition from a low-multiple valuation environment to a high-multiple regime, culminating in a recent and aggressive valuation compression despite record-high earnings per share.
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Comparison to Competitors
Intuit Inc., P/E, 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 | 18.37 | — | — | — | — | — | — | 21.68 | 29.69 | — | 901.90 | 23.88 | — | — | 56.01 |
| Sep 3, 2025 | 48.19 | 19.47 | 17.51 | 41.68 | 72.92 | 398.52 | 20.31 | 37.46 | 47.60 | 195.77 | 112.39 | 45.28 | 69.85 | 69.11 | 122.85 |
| Sep 4, 2024 | 58.94 | 31.07 | 31.98 | 68.97 | 67.09 | 235.49 | 39.68 | 35.67 | 37.63 | 632.38 | 42.42 | 71.24 | 146.40 | 33.69 | 50.53 |
| Sep 1, 2023 | 64.61 | 27.81 | 49.64 | 56.56 | 78.64 | 884.97 | 22.50 | 33.96 | 38.96 | 246.77 | 170.35 | 879.57 | 90.80 | 70.08 | — |
| Sep 2, 2022 | 57.31 | 22.93 | 33.15 | — | 59.70 | — | 71.56 | 28.34 | 26.85 | — | — | 135.68 | 284.29 | 51.76 | 1,957.29 |
| Sep 8, 2021 | 75.17 | 36.58 | 48.90 | 472.35 | 53.88 | — | 19.40 | 35.14 | 15.84 | — | — | 48.20 | 487.70 | 73.37 | — |
| Aug 31, 2020 | 49.52 | 28.32 | 41.69 | — | 62.89 | — | 19.30 | 35.04 | 16.69 | — | — | 1,204.70 | 978.49 | 55.92 | — |
| Aug 30, 2019 | 48.17 | 24.58 | 57.17 | — | 20.22 | — | 13.35 | 26.86 | 16.89 | — | — | 107.70 | 106.89 | 39.55 | — |
| Aug 31, 2018 | 46.88 | 24.10 | 46.11 | — | 46.59 | — | 14.25 | 50.00 | 45.90 | — | — | 731.11 | — | 29.60 | — |
| Sep 1, 2017 | 37.26 | 26.18 | 57.41 | — | 55.67 | — | 25.07 | 26.25 | 22.49 | — | — | 324.94 | — | 95.81 | — |
| Sep 1, 2016 | 29.60 | 18.07 | 46.80 | — | 40.53 | — | 14.29 | 26.08 | 18.53 | — | — | — | — | 33.71 | — |
| Sep 1, 2015 | 63.89 | 22.75 | 70.59 | — | 25.14 | — | 9.65 | 30.63 | 17.92 | — | — | — | — | 30.45 | — |
| Sep 12, 2014 | 26.44 | 17.46 | 132.73 | — | 34.03 | — | 13.55 | 16.11 | 16.33 | — | — | — | — | 25.00 | — |
| Sep 13, 2013 | 21.73 | 15.20 | 104.21 | — | 26.30 | — | 11.58 | 12.14 | 12.78 | — | — | — | — | 24.68 | — |
| Sep 13, 2012 | 22.37 | 17.95 | 22.73 | — | 9.11 | — | 13.37 | 14.40 | 13.61 | — | 6,057.94 | — | — | 26.53 | — |
| Sep 14, 2011 | 22.53 | 17.60 | 18.49 | — | 44.80 | — | 14.47 | 10.03 | 19.17 | — | — | 251.73 | — | 17.51 | — |
| Sep 16, 2010 | 24.82 | 17.62 | 22.05 | — | 20.39 | — | 13.32 | 11.91 | 17.66 | — | — | 118.88 | — | 17.09 | — |
| Sep 15, 2009 | 20.01 | 17.45 | 46.62 | — | — | — | 12.24 | 14.56 | 19.25 | — | — | 87.39 | — | 18.86 | — |
| Sep 12, 2008 | 20.68 | 13.74 | 11.84 | — | — | — | 9.40 | 13.28 | 19.44 | — | — | 388.13 | — | 13.55 | — |
| Sep 14, 2007 | 21.92 | 24.38 | 27.23 | — | 10.43 | — | 15.20 | 74.58 | 23.58 | — | — | 10,271.10 | — | 29.39 | — |
| Sep 15, 2006 | 27.35 | 26.95 | 44.72 | — | 41.15 | — | 14.90 | 63.21 | 23.43 | — | — | 151.60 | — | 156.86 | — |
| Sep 26, 2005 | 21.02 | 24.06 | 38.61 | — | 103.88 | — | 15.85 | 70.27 | 23.70 | — | — | 207.38 | — | — | — |
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/E, long-term trends, comparison to sector (software & services)
| Intuit Inc. | Software & Services | |
|---|---|---|
| Sep 9, 2026 | 18.37 | — |
| Sep 3, 2025 | 48.19 | 39.53 |
| Sep 4, 2024 | 58.94 | 41.55 |
| Sep 1, 2023 | 64.61 | 40.00 |
| Sep 2, 2022 | 57.31 | 34.25 |
| Sep 8, 2021 | 75.17 | 37.62 |
| Aug 31, 2020 | 49.52 | 38.46 |
| Aug 30, 2019 | 48.17 | 28.30 |
| Aug 31, 2018 | 46.88 | 43.31 |
| Sep 1, 2017 | 37.26 | 30.27 |
| Sep 1, 2016 | 29.60 | 23.96 |
| Sep 1, 2015 | 63.89 | 23.38 |
| Sep 12, 2014 | 26.44 | 18.36 |
| Sep 13, 2013 | 21.73 | 14.09 |
| Sep 13, 2012 | 22.37 | 14.97 |
| Sep 14, 2011 | 22.53 | 13.91 |
| Sep 16, 2010 | 24.82 | 14.04 |
| Sep 15, 2009 | 20.01 | 15.17 |
| Sep 12, 2008 | 20.68 | 13.87 |
| Sep 14, 2007 | 21.92 | 43.67 |
| Sep 15, 2006 | 27.35 | 39.59 |
| Sep 26, 2005 | 21.02 | 44.69 |
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/E, long-term trends, comparison to industry (information technology)
| Intuit Inc. | Information Technology | |
|---|---|---|
| Sep 9, 2026 | 18.37 | — |
| Sep 3, 2025 | 48.19 | 40.70 |
| Sep 4, 2024 | 58.94 | 45.43 |
| Sep 1, 2023 | 64.61 | 36.13 |
| Sep 2, 2022 | 57.31 | 26.99 |
| Sep 8, 2021 | 75.17 | 29.75 |
| Aug 31, 2020 | 49.52 | 30.97 |
| Aug 30, 2019 | 48.17 | 23.40 |
| Aug 31, 2018 | 46.88 | 23.17 |
| Sep 1, 2017 | 37.26 | 23.55 |
| Sep 1, 2016 | 29.60 | 19.69 |
| Sep 1, 2015 | 63.89 | 16.54 |
| Sep 12, 2014 | 26.44 | 17.14 |
| Sep 13, 2013 | 21.73 | 14.15 |
| Sep 13, 2012 | 22.37 | 14.37 |
| Sep 14, 2011 | 22.53 | 13.71 |
| Sep 16, 2010 | 24.82 | 15.08 |
| Sep 15, 2009 | 20.01 | 21.50 |
| Sep 12, 2008 | 20.68 | 15.83 |
| Sep 14, 2007 | 21.92 | 36.48 |
| Sep 15, 2006 | 27.35 | 32.07 |
| Sep 26, 2005 | 21.02 | 33.76 |
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).