Intuit Inc. (NASDAQ:INTU)

The financial ratios presented over the given periods indicate various trends in valuation metrics relative to earnings, operating profit, sales, and book value.

Price to Earnings (P/E) Ratio

The P/E ratio shows a volatile pattern with a spike from 49.52 in 2020 to a peak of 75.17 in 2021, followed by a decline to 57.31 in 2022. It rises again to 64.61 in 2023 before gradually decreasing to 58.94 in 2024 and further down to 48.19 in 2025. This suggests fluctuating investor expectations for earnings growth, peaking significantly in 2021 and generally trending downward in subsequent years.

Price to Operating Profit (P/OP) Ratio

The P/OP ratio follows a similar overall pattern, rising sharply from 41.56 in 2020 to 62.00 in 2021, then dropping to 46.05 in 2022. It stabilizes somewhat around 49.04 in 2023 and 48.11 in 2024, followed by a notable decrease to 37.87 in 2025. This trend aligns with the P/E ratio, reflecting changes in market valuations relative to operating profit and indicating a more cautious investor stance towards operating profitability after 2021.

Price to Sales (P/S) Ratio

The P/S ratio exhibits a sharp increase from 11.78 in 2020 to 16.09 in 2021, then sharply declines to 9.3 in 2022. It shows a mild recovery and plateauing at 10.72 in both 2023 and 2024, before a slight decrease to 9.9 in 2025. The pattern indicates an initial high market premium on sales, followed by adjustment to a more moderate valuation, stabilizing at a lower range through the later years.

Price to Book Value (P/BV) Ratio

The P/BV ratio declines markedly from 17.71 in 2020 to 15.71 in 2021, and then sharply to 7.2 in 2022. After this trough, it rises to 8.92 in 2023 and continues a slow upward trajectory to 9.47 in 2024, maintaining a similar level of 9.46 in 2025. This decreasing trend followed by stabilization suggests a revaluation of the company’s net asset value, with the market becoming more conservative on book value relative to price initially, then gradually regaining confidence.

Overall, the data reveals a pattern of high valuation multiples in 2021 with subsequent declines and stabilization across all four valuation metrics. This may indicate a period of high investor optimism or growth expectations that moderated in subsequent years, resulting in more conservative and stabilized market valuations relative to earnings, operating profit, sales, and book value by 2025.

The financial data exhibits several notable trends over the analyzed periods.

Share Price

The share price demonstrates an overall upward trend, increasing from $345.39 in July 2020 to $668.68 in July 2025. Despite a notable dip in July 2022, when the price dropped to $420.06 from $567.59 in the previous year, the share price recovered strongly in subsequent years, reaching its highest value in July 2025.

Earnings per Share (EPS)

EPS shows a consistent year-over-year growth from $6.97 in July 2020 to $13.88 in July 2025. This steady increase indicates improving profitability and strong earnings growth for the company over the five-year span.

Price-to-Earnings (P/E) Ratio

The P/E ratio reflects fluctuating market valuation relative to earnings. It peaked at 75.17 in July 2021, signaling high investor expectations at that time. Subsequently, it declined to 48.19 by July 2025, suggesting that the stock has become more reasonably valued relative to earnings. This decline in the P/E ratio, despite rising share prices and EPS, suggests an increasing alignment of share price with actual earnings growth.

In summary, the company experienced substantial growth in earnings, mirrored by a significant increase in share price. The P/E ratio's fluctuations imply changing market sentiment and valuation perspectives over time, ending with a more moderate and sustainable valuation level as of July 2025.

The share price exhibited significant fluctuations over the examined periods, initially rising sharply from 345.39 US$ in 2020 to 567.59 US$ in 2021, followed by a notable decline to 420.06 US$ in 2022. Subsequently, the share price recovered steadily, reaching 668.68 US$ by 2025, indicating overall growth with intermittent variability.

The operating profit per share demonstrated a consistent upward trajectory. Starting at 8.31 US$ in 2020, it rose modestly to around 9.15 US$ and 9.12 US$ in 2021 and 2022 respectively, then increased more substantially from 11.21 US$ in 2023 to 17.66 US$ by 2025. This progression indicates improving profitability on a per-share basis across the time frame.

The price-to-operating profit (P/OP) ratio mainly reflected market valuation relative to operating profits. It peaked at 62 in 2021, suggesting a high market price relative to earnings, then declined significantly to 46.05 in 2022. Post-2022, the ratio remained relatively stable around the high 40s until a further decrease to 37.87 in 2025. This descending trend in the P/OP ratio towards the end suggests that the share price growth was becoming more justified by rising operating profits, possibly indicating improved valuation attractiveness.

Share Price Trend

Marked volatility with an initial peak, a subsequent dip, and a strong recovery culminating in an overall positive growth pattern by 2025.

Operating Profit Per Share Trend

Consistent growth demonstrated post-2022 with accelerated increases in later years, reflecting enhanced operational efficiency or profitability.

Price-to-Operating Profit Ratio

High initial valuation relative to operating profits in 2021, followed by normalization and a downward adjustment in later years, suggesting a market correction aligning price closer to earnings potential.

The financial data shows notable trends in the share price, sales per share, and price-to-sales (P/S) ratio over the six-year period ending July 31, 2025.

Share Price

The share price exhibits overall growth, increasing from $345.39 in 2020 to $668.68 in 2025. However, this growth is not linear. The price rose significantly from 2020 to 2021, reaching $567.59 but then decreased in 2022 to $420.06. A recovery follows, with prices climbing to $549.6 in 2023 and continuing upward to $623.1 in 2024 and $668.68 in 2025. This variability suggests market or company-specific factors influencing the share price fluctuations.

Sales Per Share

Sales per share demonstrate consistent annual growth throughout the period. Starting at $29.33 in 2020, sales per share increase steadily each year to $35.27 in 2021, then $45.15 in 2022, followed by $51.27, $58.1, and finally $67.54 in 2025. This continuous upward trend indicates strengthening operational performance and revenue growth on a per-share basis.

Price-to-Sales (P/S) Ratio

The P/S ratio shows more variation compared to sales per share. Beginning at 11.78 in 2020, the ratio rises to a peak of 16.09 in 2021, then declines sharply to 9.3 in 2022. It recovers slightly to 10.72 in 2023 and remains stable at 10.72 through 2024 before dipping somewhat to 9.9 in 2025. The initial increase followed by a downward adjustment and stabilization may reflect changing investor sentiment, valuation adjustments, or shifts in growth expectations relative to sales.

In summary, the company’s sales per share shows strong and steady improvement, reflecting positive business expansion. The share price appreciates overall, though with some fluctuations likely due to market conditions or internal factors. The P/S ratio’s volatility suggests changes in market valuation perspectives despite the steady sales growth, possibly indicating a more cautious or normalized investor outlook in the later years.

The financial data reflects notable trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over a six-year period.

Share Price

The share price demonstrates a pattern of volatility with an overall upward trajectory. It started at $345.39 in 2020, surged to a peak of $567.59 in 2021, declined to $420.06 in 2022, and then increased again steadily, reaching $668.68 by 2025. This pattern indicates periods of significant investor optimism as well as corrections, with a strong rebound and growth in more recent years.

Book Value Per Share (BVPS)

The BVPS indicates consistent growth throughout the period. It rose steadily from $19.50 in 2020 to $70.69 in 2025. This increase reflects ongoing accumulation of equity or retained earnings, suggesting the company is strengthening its net asset base on a per-share level, which signals improving intrinsic value.

Price-to-Book Value Ratio (P/BV)

The P/BV ratio displayed significant variability. It started very high at 17.71 in 2020, decreased consistently to 7.20 by 2022, implying a market revaluation or adjustment relative to book value. From 2023 onwards, it stabilized around 9.4 to 9.5. This stabilization indicates a normalization where the market value of the shares is valued at approximately 9.5 times the book value, possibly reflecting balanced market expectations about future growth and risk.

In summary, the data shows that while the market price and valuation multiples have experienced fluctuations, the underlying book value per share has increased steadily, suggesting fundamental improvement in the company’s equity base. The stabilization of the P/BV ratio after a decline also suggests a period of market adjustment followed by steady investor confidence relative to the company’s net assets.