Intuit Inc. (NASDAQ:INTU)

The share price of the company has demonstrated a generally upward trajectory over the periods analyzed, increasing from $22.44 in late 2005 to $668.68 in early September 2025. Notably, there are periods of significant growth, particularly from 2015 onward, where the price escalates sharply from $84.10 to over $600 within a decade. However, intermittent fluctuations are observable, such as a decline from $567.59 in 2021 to $420.06 in 2022, followed by a recovery in subsequent years.

Operating profit per share (OPPS) shows consistent growth during the entire timeframe. Starting at $1.47 in 2005, it moves steadily upward, reaching $17.66 by 2025. Despite occasional minor declines, such as between 2013 and 2014 when OPPS fell from $4.60 to $2.66, the overall trend is positive. The strong increase in OPPS in recent years reflects improving operational efficiency or profitability on a per-share basis.

The Price-to-Operating Profit (P/OP) ratio, calculated as the share price divided by operating profit per share, exhibits greater variability. Early periods from 2005 to 2010 maintain relatively moderate ratios fluctuating roughly between 13 and 20. From 2011 onwards, the ratio trends higher with pronounced peaks, reaching a maximum of 62.00 in 2021. This spike indicates that the share price grew disproportionately relative to operating profit at that time, suggesting heightened market expectations or increased investor optimism. Following the peak, the ratio falls again to 37.87 by 2025, reflecting a moderation of valuation multiples despite continued growth in share price and operating profit.

Overall, the data shows a company experiencing robust growth in fundamental profitability alongside a significant appreciation in market valuation. The elevated and fluctuating P/OP ratio in the latter years may indicate periods of market exuberance or varying investor sentiment. Instances of ratio contraction alongside continued growth in operating profit support the interpretation of valuation normalization after peaks in stock price. These dynamics present a picture of strong operational performance with market valuations that have become more volatile and higher compared to earlier years.

Share Price

Consistent increase from $22.44 to $668.68 over 20 years with intermittent fluctuations.

Operating Profit per Share

Steady growth from $1.47 to $17.66, indicating improving profitability per share.

P/OP Ratio

Fluctuates between 13.11 and 62.00, with a notable peak in 2021 suggesting valuation spikes.