Stock Analysis on Net

Intuit Inc. (NASDAQ:INTU)

Common Stock Valuation Ratios (Price Multiples) 

Microsoft Excel

Current Valuation Ratios

Intuit Inc., current price multiples

Microsoft Excel
Intuit Inc. Accenture PLC Adobe Inc. International Business Machines Corp. 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) $625.52
No. shares of common stock outstanding 279,979,000
Growth rate (g) 18.29%
 
Earnings per share (EPS) $8.51
Next year expected EPS $10.07
Operating profit per share $11.22
Sales per share $51.32
Book value per share (BVPS) $61.68
Valuation Ratios (Price Multiples)
Price to earnings (P/E) 73.46 34.20 41.01 23.35 42.76 40.58 207.34 69.03 88.10 68.22 45.57 45.03
Price to next year expected earnings 62.10 28.63 31.42 26.49 33.26 27.87 274.75 66.38 77.03 59.25 37.22 35.77
Price-earnings-growth (PEG) 4.02 1.76 1.34 1.50 0.89 17.27 6.13 4.51 2.03 1.74
Price to operating profit (P/OP) 55.76 26.67 33.47 18.67 34.95 26.35 235.39 56.97 200.13 66.10 36.53 37.88
Price to sales (P/S) 12.19 3.67 11.47 2.83 14.60 6.91 13.23 8.19 17.00 14.36 10.24 9.96
Price to book value (P/BV) 10.14 9.15 13.48 7.77 15.00 321.57 52.14 4.79 19.99 13.65 13.38 14.38

Based on: 10-K (reporting date: 2023-07-31).

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)

Intuit Inc., historical price multiples

Microsoft Excel
Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
Price to earnings (P/E) 64.61 57.31 75.17 49.52 48.17 46.88
Price to operating profit (P/OP) 49.04 46.05 62.00 41.56 40.45 37.92
Price to sales (P/S) 10.72 9.30 16.09 11.78 11.05 9.52
Price to book value (P/BV) 8.92 7.20 15.71 17.71 20.00 24.12

Based on: 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).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Intuit Inc. P/E ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Intuit Inc. P/OP ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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. Intuit Inc. P/S ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Intuit Inc. P/BV ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Price to Earnings (P/E)

Intuit Inc., historical P/E calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
No. shares of common stock outstanding1 280,259,493 281,869,879 273,091,929 261,807,204 260,073,642 258,671,620
Selected Financial Data (US$)
Net income (in millions) 2,384 2,066 2,062 1,826 1,557 1,211
Earnings per share (EPS)2 8.51 7.33 7.55 6.97 5.99 4.68
Share price1, 3 549.60 420.06 567.59 345.39 288.36 219.47
Valuation Ratio
P/E ratio4 64.61 57.31 75.17 49.52 48.17 46.88
Benchmarks
P/E Ratio, Competitors5
Accenture PLC 27.81 22.93 36.58 28.32 24.58 24.10
Adobe Inc. 49.64 33.15 48.90 41.69 57.17 46.11
International Business Machines Corp. 22.50 71.56 19.40 19.30 13.35
Microsoft Corp. 33.96 28.34 35.14 35.04 26.86 50.00
Oracle Corp. 38.96 26.85 15.84 16.69 16.89 45.90
Palo Alto Networks Inc. 170.35
Salesforce Inc. 879.57 135.68 48.20 1,204.70 107.70
ServiceNow Inc. 90.80 284.28 487.70 978.47 106.89
Synopsys Inc. 70.08 51.76 73.37 55.92 39.55 29.60
P/E Ratio, Sector
Software & Services 38.19 32.74 35.66 35.84 27.47
P/E Ratio, Industry
Information Technology 35.26 26.63 29.01 30.95 22.50

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
EPS = Net income ÷ No. shares of common stock outstanding
= 2,384,000,000 ÷ 280,259,493 = 8.51

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

4 2023 Calculation
P/E ratio = Share price ÷ EPS
= 549.60 ÷ 8.51 = 64.61

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Intuit Inc. P/E ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Price to Operating Profit (P/OP)

Intuit Inc., historical P/OP calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
No. shares of common stock outstanding1 280,259,493 281,869,879 273,091,929 261,807,204 260,073,642 258,671,620
Selected Financial Data (US$)
Operating income (in millions) 3,141 2,571 2,500 2,176 1,854 1,497
Operating profit per share2 11.21 9.12 9.15 8.31 7.13 5.79
Share price1, 3 549.60 420.06 567.59 345.39 288.36 219.47
Valuation Ratio
P/OP ratio4 49.04 46.05 62.00 41.56 40.45 37.92
Benchmarks
P/OP Ratio, Competitors5
Accenture PLC 21.69 16.83 28.35 22.21 18.63 16.75
Adobe Inc. 40.52 25.85 40.64 51.75 51.63 42.06
International Business Machines Corp. 17.99 14.35 16.23 15.90 11.94
Microsoft Corp. 27.76 24.72 30.79 29.30 24.54 23.63
Oracle Corp. 25.30 16.51 14.31 12.17 13.83 12.83
Palo Alto Networks Inc. 193.40
Salesforce Inc. 177.62 357.52 431.39 511.08 223.46
ServiceNow Inc. 206.26 260.26 436.46 583.07 1,590.30
Synopsys Inc. 67.90 43.85 75.64 59.90 40.48 35.54
P/OP Ratio, Sector
Software & Services 30.61 26.02 32.08 29.83 24.61
P/OP Ratio, Industry
Information Technology 29.66 22.50 25.75 26.48 19.63

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 3,141,000,000 ÷ 280,259,493 = 11.21

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

4 2023 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 549.60 ÷ 11.21 = 49.04

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Intuit Inc. P/OP ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Price to Sales (P/S)

Intuit Inc., historical P/S calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
No. shares of common stock outstanding1 280,259,493 281,869,879 273,091,929 261,807,204 260,073,642 258,671,620
Selected Financial Data (US$)
Net revenue (in millions) 14,368 12,726 9,633 7,679 6,784 5,964
Sales per share2 51.27 45.15 35.27 29.33 26.08 23.06
Share price1, 3 549.60 420.06 567.59 345.39 288.36 219.47
Valuation Ratio
P/S ratio4 10.72 9.30 16.09 11.78 11.05 9.52
Benchmarks
P/S Ratio, Competitors5
Accenture PLC 2.98 2.56 4.28 3.26 2.72 2.35
Adobe Inc. 13.88 8.95 14.94 17.04 15.11 13.23
International Business Machines Corp. 2.73 1.94 1.94 1.47 1.63
Microsoft Corp. 11.60 10.40 12.81 10.85 8.38 7.51
Oracle Corp. 6.63 4.25 5.38 4.33 4.74 4.41
Palo Alto Networks Inc. 10.87 9.62 10.72 6.66 7.06 9.75
Salesforce Inc. 5.84 7.40 9.24 8.88 9.00
ServiceNow Inc. 17.52 12.75 19.02 25.66 19.36
Synopsys Inc. 14.75 10.03 13.22 10.08 6.27 4.10
P/S Ratio, Sector
Software & Services 8.58 7.28 9.27 7.47 5.99
P/S Ratio, Industry
Information Technology 7.80 6.40 7.40 6.61 4.99

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
Sales per share = Net revenue ÷ No. shares of common stock outstanding
= 14,368,000,000 ÷ 280,259,493 = 51.27

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

4 2023 Calculation
P/S ratio = Share price ÷ Sales per share
= 549.60 ÷ 51.27 = 10.72

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. Intuit Inc. P/S ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.

Price to Book Value (P/BV)

Intuit Inc., historical P/BV calculation, comparison to benchmarks

Microsoft Excel
Jul 31, 2023 Jul 31, 2022 Jul 31, 2021 Jul 31, 2020 Jul 31, 2019 Jul 31, 2018
No. shares of common stock outstanding1 280,259,493 281,869,879 273,091,929 261,807,204 260,073,642 258,671,620
Selected Financial Data (US$)
Stockholders’ equity (in millions) 17,269 16,441 9,869 5,106 3,749 2,354
Book value per share (BVPS)2 61.62 58.33 36.14 19.50 14.42 9.10
Share price1, 3 549.60 420.06 567.59 345.39 288.36 219.47
Valuation Ratio
P/BV ratio4 8.92 7.20 15.71 17.71 20.00 24.12
Benchmarks
P/BV Ratio, Competitors5
Accenture PLC 7.44 7.13 11.06 8.51 8.15 9.44
Adobe Inc. 16.31 11.22 15.94 16.53 16.03 12.76
International Business Machines Corp. 7.49 5.34 5.90 5.24 6.04
Microsoft Corp. 11.92 12.38 15.16 13.11 10.30 10.02
Oracle Corp. 308.71 41.57 14.01 8.59 3.84
Palo Alto Networks Inc. 42.84 251.98 71.88 20.61 12.91 22.92
Salesforce Inc. 3.13 3.37 4.73 4.48 7.66
ServiceNow Inc. 20.60 18.36 30.36 40.91 31.48
Synopsys Inc. 14.02 9.24 10.50 7.57 5.16 3.68
P/BV Ratio, Sector
Software & Services 11.21 10.49 13.38 11.40 9.93
P/BV Ratio, Industry
Information Technology 11.26 10.30 12.33 10.90 8.25

Based on: 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).

1 Data adjusted for splits and stock dividends.

2 2023 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= 17,269,000,000 ÷ 280,259,493 = 61.62

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

4 2023 Calculation
P/BV ratio = Share price ÷ BVPS
= 549.60 ÷ 61.62 = 8.92

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company required rate of return and its actual rate of return. Intuit Inc. P/BV ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.