Common Stock Valuation Ratios (Price Multiples)
Quarterly Data
Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).
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Historical Valuation Ratios (Summary)
Intuit Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).
The valuation ratios exhibit varied trends over the observed period. Generally, a period of increasing valuations from late 2020 through much of 2021 is followed by a period of moderation and, in some cases, decline through 2024, with a significant shift downwards in the most recent periods observed.
- Price to Earnings (P/E)
- The Price to Earnings ratio increased substantially from 48.28 in October 2020 to a peak of 85.13 in October 2021. Following this peak, the ratio experienced a decline, reaching 66.50 by January 2024. A more pronounced decrease is evident in the latest observations, falling to 25.13 in January 2026. This suggests a significant adjustment in investor expectations regarding future earnings relative to the company’s stock price.
- Price to Operating Profit (P/OP)
- Similar to the P/E ratio, the Price to Operating Profit ratio demonstrated growth from 39.99 in October 2020 to 71.64 in October 2021. The ratio then decreased, though less dramatically than the P/E ratio, reaching 53.07 by January 2024. The most recent values show a substantial decline, ending at 20.02 in January 2026. This mirrors the trend observed in the P/E ratio, indicating a changing relationship between stock price and operating profitability.
- Price to Sales (P/S)
- The Price to Sales ratio increased from 12.12 in October 2020 to a high of 17.26 in October 2021. It subsequently decreased, with fluctuations, to 12.20 in January 2024. The latest period shows a considerable reduction, falling to 5.42 in January 2026. This indicates a decreasing willingness of investors to pay for each dollar of revenue generated by the company.
- Price to Book Value (P/BV)
- The Price to Book Value ratio showed an initial increase from 18.11 in October 2020 to 18.30 in October 2021. It then experienced a significant decline, reaching 5.72 in January 2026. This substantial decrease suggests a considerable re-evaluation of the company’s assets relative to its market capitalization. The ratio remained relatively stable between 7.16 and 10.89 from January 2022 to January 2024 before the final drop.
Overall, the observed trends suggest a period of heightened valuation followed by a significant correction across all ratios examined. The most recent quarterly values indicate a substantial shift in investor sentiment, with lower multiples being assigned to earnings, operating profit, sales, and book value. This could be attributable to various factors, including changing market conditions, company-specific performance, or broader economic concerns.
Price to Earnings (P/E)
Intuit Inc., historical P/E calculation (quarterly data)
| Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Net income (in millions) | |||||||||||||||||||||||||||||
| Earnings per share (EPS)2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/E ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings 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. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
EPS
= (Net incomeQ2 2026
+ Net incomeQ1 2026
+ Net incomeQ4 2025
+ Net incomeQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The price-to-earnings (P/E) ratio exhibits considerable fluctuation over the observed period, spanning from October 2020 to January 2026. Initially, the P/E ratio increased from 48.28 to a peak of 85.13 by October 2021, indicating increasing investor optimism relative to earnings. Subsequently, the ratio experienced a significant decline to 40.47 by April 2022, potentially reflecting market adjustments or concerns regarding future earnings growth.
- Overall Trend
- The P/E ratio demonstrates a cyclical pattern. Following the decline in early 2022, it recovered to levels around 60-65 throughout 2022 and into the first half of 2023. A subsequent increase is observed, peaking at 66.50 in January 2024, before entering a period of volatility. The most substantial decrease occurs in the final period, dropping to 25.13 by January 2026. This final decline suggests a significant shift in investor sentiment or a substantial change in earnings expectations.
- Peak and Trough Analysis
- The highest P/E ratio recorded is 85.13 in October 2021. This suggests a period of high market valuation relative to earnings. Conversely, the lowest P/E ratio is 25.13 in January 2026, indicating a comparatively lower valuation or potentially depressed earnings expectations. The difference between these peak and trough values highlights the substantial variability in market perception of the company’s value.
- Recent Performance (2024-2026)
- From October 2024 through January 2026, the P/E ratio demonstrates a pronounced downward trend. Starting at 678.70, it declines to 555.63, 666.07, 668.68, 637.44, and ultimately reaches 394.42. This recent decline is particularly noteworthy and warrants further investigation into the underlying factors driving this change, such as shifts in earnings, market conditions, or investor confidence.
The observed fluctuations in the P/E ratio suggest that the company’s valuation is sensitive to changes in both its earnings and broader market sentiment. The recent downward trend, particularly the sharp decline in the final period, indicates a potential re-evaluation of the company’s prospects by investors.
Price to Operating Profit (P/OP)
Intuit Inc., historical P/OP calculation (quarterly data)
| Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Operating income (loss) (in millions) | |||||||||||||||||||||||||||||
| Operating profit per share2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/OP ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings 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. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Operating profit per share
= (Operating income (loss)Q2 2026
+ Operating income (loss)Q1 2026
+ Operating income (loss)Q4 2025
+ Operating income (loss)Q3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
The Price to Operating Profit (P/OP) ratio for the observed period exhibits considerable fluctuation. Initially, the ratio increased from approximately 40.00 in October 2020 to a peak of 71.64 in October 2021. Following this peak, a substantial decline was noted, reaching a low of 33.22 in April 2022. The ratio then experienced a period of volatility, with increases and decreases occurring over subsequent quarters before reaching 20.02 in October 2025, the lowest value in the observed timeframe.
- Initial Increase (Oct 2020 - Oct 2021)
- The P/OP ratio demonstrated a significant upward trend during this period. This increase coincided with a rising share price and relatively stable operating profit per share. The most substantial increase occurred between July 2021 and October 2021, suggesting a period of heightened investor optimism or a re-evaluation of the company’s future earnings potential.
- Subsequent Decline and Volatility (Apr 2022 - Oct 2023)
- After the peak in October 2021, the P/OP ratio experienced a marked decline, followed by a period of fluctuation. While the share price generally decreased during this time, operating profit per share also showed variability. This suggests that both earnings and investor sentiment played a role in the observed changes. The ratio remained relatively stable between 40 and 53 for several quarters before a more pronounced decline began in late 2023.
- Recent Trend (Oct 2023 - Jan 2026)
- The most recent portion of the observed period reveals a consistent downward trend in the P/OP ratio. This decline is associated with a significant decrease in the share price, coupled with continued growth in operating profit per share. This suggests that the market may be discounting future earnings potential or that broader economic factors are influencing investor behavior. The ratio reached its lowest point in January 2026, indicating a potentially undervalued position relative to operating profitability, or alternatively, increased investor concern.
Overall, the P/OP ratio demonstrates a complex pattern of change. The initial increase suggests strong investor confidence, while the subsequent decline and volatility indicate a shifting market perception. The recent downward trend warrants further investigation to determine the underlying causes and potential implications for future valuation.
Price to Sales (P/S)
Intuit Inc., historical P/S calculation (quarterly data)
| Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Net revenue (in millions) | |||||||||||||||||||||||||||||
| Sales per share2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/S ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings 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. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Sales per share
= (Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025
+ Net revenueQ3 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
The price-to-sales (P/S) ratio for the observed period demonstrates considerable fluctuation. Initially, the ratio exhibited an increasing trend from October 2020 through July 2021, followed by a sharp decline and subsequent volatility over the following quarters. A general observation is that the P/S ratio appears sensitive to shifts in share price and sales per share.
- Initial Increasing Trend (Oct 31, 2020 – Jul 31, 2021)
- The P/S ratio increased from 12.12 to 16.09 over this period. This increase suggests that the market was willing to pay a higher price for each dollar of sales, potentially reflecting positive investor sentiment or expectations of future growth. The share price increased more rapidly than sales per share during this time, driving the ratio higher.
- Subsequent Decline and Volatility (Oct 31, 2021 – Jul 31, 2022)
- A significant decrease in the P/S ratio occurred between October 2021 and April 2022, falling from 17.26 to 7.87. This decline coincided with a substantial drop in share price. While sales per share also decreased, the share price decline was the primary driver of the ratio’s reduction. The ratio then experienced volatility, fluctuating between 7.87 and 9.30 through July 2022.
- Stabilization and Subsequent Fluctuation (Aug 01, 2022 – Jul 31, 2025)
- From October 2022 through January 2025, the P/S ratio remained relatively stable, oscillating between approximately 8.01 and 12.20. This period suggests a period of consolidation. However, a notable decline is observed in the final period, dropping to 5.42 by October 2025, driven by a significant decrease in share price relative to sales per share.
- Sales Per Share Trend
- Sales per share generally increased throughout the observed period, from 29.83 in October 2020 to 72.76 in July 2023, before leveling off and slightly decreasing to 69.80 in July 2025. This consistent growth in sales per share partially offset the impact of share price fluctuations on the P/S ratio.
- Share Price Impact
- The share price exhibited significant volatility, directly influencing the P/S ratio. Periods of rapid share price increases, such as between January 2021 and July 2021, corresponded with increases in the P/S ratio. Conversely, substantial share price declines, particularly between January 2022 and April 2022, and again in late 2025, led to decreases in the P/S ratio.
In conclusion, the P/S ratio demonstrates a complex pattern influenced by both share price and sales per share. The ratio’s fluctuations suggest that investor sentiment and market conditions play a significant role in its valuation.
Price to Book Value (P/BV)
Intuit Inc., historical P/BV calculation (quarterly data)
| Jan 31, 2026 | Oct 31, 2025 | Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | |||||||||||||||||||||||||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Stockholders’ equity (in millions) | |||||||||||||||||||||||||||||
| Book value per share (BVPS)2 | |||||||||||||||||||||||||||||
| Share price1, 3 | |||||||||||||||||||||||||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/BV ratio4 | |||||||||||||||||||||||||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Accenture PLC | |||||||||||||||||||||||||||||
| Adobe Inc. | |||||||||||||||||||||||||||||
| AppLovin Corp. | |||||||||||||||||||||||||||||
| Cadence Design Systems Inc. | |||||||||||||||||||||||||||||
| CrowdStrike Holdings 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. | |||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-01-31), 10-Q (reporting date: 2025-10-31), 10-K (reporting date: 2025-07-31), 10-Q (reporting date: 2025-04-30), 10-Q (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-K (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-Q (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-K (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-K (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-K (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
BVPS = Stockholders’ equity ÷ No. shares of common stock outstanding
= ÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q2 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The price-to-book value (P/BV) ratio for the observed period exhibits considerable fluctuation. Initially, the ratio decreased from 18.11 to a low of 8.81 before experiencing periods of increase and subsequent decline. A general observation is that the P/BV ratio appears to cycle between the high teens/low twenties and the single digits over the analyzed timeframe.
- Initial Decline (Oct 31, 2020 – Jan 31, 2022)
- From October 31, 2020, to January 31, 2022, the P/BV ratio decreased significantly, moving from 18.11 to 8.81. This decline suggests a decreasing premium investors were willing to pay for the net asset value of the company during this period. The decrease coincides with a substantial increase in book value per share.
- Recovery and Subsequent Fluctuations (Apr 30, 2022 – Oct 31, 2023)
- Following the low in January 2022, the P/BV ratio recovered, peaking at 10.89 in January 2024. However, this recovery was followed by a period of volatility, with the ratio fluctuating between approximately 7.16 and 9.31. This suggests a period of uncertainty or shifting investor sentiment.
- Recent Trends (Jan 31, 2024 – Jan 31, 2026)
- From January 2024 through January 2026, the P/BV ratio initially decreased from 10.89 to 5.72. This represents a substantial decline, indicating a significant reduction in the market's valuation of the company's net assets relative to its share price. The book value per share continued to increase during this period, further contributing to the lower P/BV ratio.
- Book Value Per Share Trend
- Throughout the entire period, book value per share generally increased, moving from 19.96 to 68.90. This consistent growth in book value contrasts with the fluctuating P/BV ratio, suggesting that changes in the P/BV ratio are primarily driven by shifts in investor perception of the company’s value rather than fundamental changes in its net asset position.
- Share Price Trend
- The share price demonstrated significant volatility. While generally increasing from 361.44 to 657.92 between October 2020 and January 2024, it experienced a substantial decline to 394.42 by October 2025. This volatility in share price, coupled with the increasing book value, contributes to the observed fluctuations in the P/BV ratio.
In summary, the P/BV ratio demonstrates a dynamic pattern over the analyzed period, influenced by both changes in share price and the consistent growth of book value per share. The ratio’s fluctuations suggest evolving investor sentiment and market conditions.