Intuit Inc. (NASDAQ:INTU)

Price to Earnings (P/E) Ratio

The Price to Earnings ratio exhibits significant volatility across the periods analyzed. Starting at a moderate level, it increased sharply reaching a peak in October 2021, followed by a notable decline in early 2022. After this decline, the ratio showed a series of fluctuations but generally remained within a range slightly lower than its earlier peak. Toward the latter periods, there is a gradual downward trend, suggesting a reduction in market valuation relative to earnings.

Price to Operating Profit (P/OP) Ratio

The Price to Operating Profit ratio follows a somewhat similar pattern to the P/E ratio with high variability. It peaked in October 2021, then experienced a conspicuous drop in early 2022. Post this drop, the ratio stabilizes somewhat, with moderate oscillations, tending to decrease slightly in the most recent periods. This decline indicates a diminishing premium on operating profit over time.

Price to Sales (P/S) Ratio

The Price to Sales ratio shows less volatility relative to the P/E and P/OP ratios but still fluctuates noticeably. It reached a high in October 2021 before a sharp decrease in early 2022. This was followed by a recovery phase with a general upward trend until early 2024, after which some moderate declines occur in the subsequent periods. The ratio remains elevated compared to the low points in early 2022, implying a steady valuation relative to sales.

Price to Book Value (P/BV) Ratio

The Price to Book Value ratio displays a marked peak in October 2021, almost doubling from prior low points. After the peak, it dropped significantly early in 2022, indicating a reassessment of book value metrics by the market. Thereafter, the ratio experienced gradual increases followed by stabilization at modestly higher levels than during the lowest point. Toward the end periods, the ratio maintains moderate stability with slight downward tendencies.

Overall Insights

Across all valuation metrics, there is a clear pattern of a peak around October 2021 followed by sharp declines into early 2022. This suggests a market-wide revaluation during that period. Subsequent recovery phases vary by metric, with Price to Sales recovering more robustly than Price to Earnings or Operating Profit ratios. The persistent volatility and downward biases in later periods indicate cautious market sentiment with respect to earnings and profits in particular, while sales valuations remain comparatively steadier. The Price to Book Value ratio trend supports this observation, showing initial steep adjustments followed by stabilization.

The financial data reveals multiple trends across the analyzed periods, reflecting the company's market valuation and earnings changes over nearly five years.

Share Price

The share price exhibited significant volatility throughout the periods. Starting at $361.44, it rose steadily to a peak above $628.94 by October 2021. Subsequently, the price declined sharply in early 2022, reaching lows near $358.97 in April 2022. From the mid-2022 period onward, the price showed a recovery trend with fluctuations, attaining a new peak exceeding $678.7 in October 2024 before falling moderately to $637.44 by October 2025. Overall, the share price demonstrated cyclic upward and downward movements, with notable peaks around late 2021 and late 2024.

Earnings per Share (EPS)

The EPS displayed a consistent upward trajectory over the entire timeframe. Starting at $7.49 in October 2020, EPS experienced minor short-term fluctuations but maintained a general growth trend, reaching $14.79 by October 2025. Periods of moderate EPS decline were generally brief, with recoveries soon following. Notably, EPS growth appeared especially strong after mid-2023, indicating improved profitability or operational efficiency continuing through 2025.

Price-to-Earnings (P/E) Ratio

The P/E ratio showed marked variability, influenced by the interplay between share price and EPS movements. Initially, the ratio started at 48.28 and rose markedly toward 85.13 by October 2021, highlighting increasingly high market valuation relative to earnings during that period. Following this peak, the ratio declined substantially to around 40.47 by April 2022, coinciding with share price drops and EPS growth. Thereafter, the ratio fluctuated moderately, stabilizing generally between approximately 43 and 66, with a tendency toward reduction in the final periods to about 43.09 by October 2025. This trend suggests relatively lower market valuation multiples despite rising earnings toward the end of the timeline.

In summary, the company experienced a substantial increase in earnings per share alongside a cyclical pattern in share price valuation. The P/E ratio's variability underscores changing investor sentiment and valuation expectations over the periods. The recent downward trend in P/E ratio amid rising EPS and fluctuating share price could indicate growing market confidence in the sustainability of earnings growth or a recalibration of valuation standards.

Share Price Trends

The share price exhibits a pattern of volatility with notable fluctuations over the periods considered. Initially, there is an upward trajectory from 361.44 USD to a peak of 628.94 USD by October 2021. This is followed by a pronounced decline reaching a trough of 358.97 USD in January 2022. Subsequently, the share price recovers and demonstrates growth, reaching another peak of 678.7 USD in October 2024 before experiencing a mild correction towards the end, closing at 637.44 USD by October 2025.

Operating Profit per Share (OPPS) Analysis

Operating profit per share shows an overall upward trend across the periods, starting at 9.04 USD and generally increasing to reach 18.63 USD by the last reported quarter. Despite some short-term fluctuations, the trajectory indicates steady improvement in operational profitability on a per-share basis. Notably, the growth accelerates from around January 2023 onward, reflecting enhanced operational efficiency or improved earnings capability.

Price to Operating Profit (P/OP) Ratio Insights

The P/OP ratio fluctuates significantly, reflecting varying market sentiment and valuation dynamics relative to operational profitability. The ratio starts at approximately 40 and spikes to over 70 in October 2021, indicative of potentially overvalued pricing or temporarily subdued profit performance. Following this peak, a decline to the low 30s in April 2022 suggests a more attractive valuation or improved earnings. The ratio then oscillates modestly around the 40–50 range, trending lower toward the final quarters at about 34.22, implying a trend towards more conservative or value-oriented market assessments in relation to operational earnings.

Overall Financial Dynamics

The interplay between rising operating profit per share and fluctuating share prices leads to variability in the valuation multiples. The initial high valuations, despite moderate OPPS, indicate bullish market expectations that later moderate as operational performance improves. The steady increase in OPPS combined with a relatively stabilized or slightly decreasing P/OP ratio towards the end of the period suggests a maturing valuation alignment with fundamental earnings performance.

The analysis of the quarterly financial data reveals several notable trends in share price, sales per share, and price-to-sales (P/S) ratio over the observed periods.

Share Price

The share price exhibited a general upward trajectory with fluctuations throughout the analyzed quarters. Initial values rose sharply from 361.44 USD to a peak near 628.94 USD by October 2021. This was followed by a noticeable decline into early 2022, hitting a low around 358.97 USD in April 2022. Subsequently, the share price recovered, showing increasing values that reached a subsequent peak above 678 USD by mid-2024. In the later periods towards 2025, the price showed moderate volatility but remained relatively elevated compared to the earliest values, fluctuating between approximately 555 USD and 669 USD.

Sales Per Share

Sales per share demonstrated a consistent and steady increase over time, reflecting ongoing growth in revenue generated per share. Starting at 29.83 USD, sales per share rose steadily each quarter, reaching 69.8 USD by October 2025. This indicates strong operational performance with a continuous improvement in sales efficiency or total revenues, bolstered by possibly expanding market demand or increased product/service penetration.

Price-to-Sales (P/S) Ratio

The P/S ratio displayed a more complex pattern with significant fluctuations corresponding to changes in share price relative to sales. Initially, the ratio increased from 12.12 to a peak of 17.26 in late 2021, reflecting valuation growth outpacing sales growth. However, a sharp decline followed, dropping to about 7.87 in early 2022, aligning with the reduced share prices in that period despite rising sales per share. Subsequent quarters showed a rebound of the P/S ratio, oscillating between roughly 8 and 12 from mid-2022 to mid-2024, before slightly moderating toward values near 9 to 10 in the latest quarters. This suggests that the market valuation relative to sales experienced periods of exuberance and correction, stabilizing somewhat in recent quarters.

Overall, the data indicates strong and sustained internal growth in sales performance alongside a share price that has experienced volatility but generally appreciated over the timeline. The valuation as measured by the P/S ratio reflects changing market sentiment and valuation dynamics, with periods of both high optimism and valuation moderation.

Share Price Trend

The share price exhibited significant volatility over the observed periods. Starting at $361.44, the price generally increased, peaking at $678.7 in July 2024. Noteworthy spikes occurred in July 2021 ($567.59) and January 2024 ($657.92). However, intermittent declines were seen, such as the drop from $628.94 in October 2021 to $358.97 in January 2022. Toward the end of the timeline, the price decreased slightly from the peak but remained significantly higher than the initial value, ending at $637.44 in October 2025.

Book Value Per Share (BVPS) Trend

The BVPS showed a consistent upward trend throughout the time frame. Beginning at $19.96, it nearly tripled, reaching a high of $72.15 by April 2025. There were minor fluctuations, with some slight decreases observed periodically, for example, from $36.43 in April 2021 down to $34.37 in October 2021. Overall, the growth in BVPS was steady, indicating a strengthening equity base per share.

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

The P/BV ratio demonstrated considerable variability, with values ranging from a low of 5.97 in April 2022 to a high of 18.3 in October 2021. Notably, P/BV decreased sharply after October 2021, correlating with a decline in share price while BVPS increased, reflecting a relative undervaluation during this period. After reaching the low in April 2022, the ratio gradually increased again, stabilizing around 9 to 10 in the later periods. This pattern suggests fluctuating market perceptions of stock valuation relative to book value over time.

Overall Insights

The data indicates a strengthening of the company's net asset value per share, reflected in a rising BVPS. Despite this, market valuation as represented by share price showed greater volatility, influenced by external factors potentially unrelated to book value changes. The fluctuations in the P/BV ratio highlight shifts in investor sentiment and perceived growth prospects. Periods of high P/BV suggest overvaluation relative to book value, whereas lower ratios after mid-2021 signal potential opportunities or market adjustments. The stabilization of P/BV ratios in later periods aligns with a period of more balanced valuation relative to fundamentals.