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).
Paying user area
Try for free
Intuit Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Debt
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Intuit Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Historical Valuation Ratios (Summary)
Intuit Inc., historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2026-04-30), 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).
An analysis of the valuation ratios reveals a cyclical pattern characterized by a period of significant expansion, followed by stabilization and a subsequent sharp contraction in multiples. Across all measured metrics, a peak in valuation occurred around October 2021, followed by a notable correction in April 2022, a multi-year period of relative consistency, and a steep decline in the final quarters of the observed period.
- Price to Earnings (P/E) Ratio
- The P/E ratio exhibited substantial volatility, rising from 48.28 in October 2020 to a peak of 85.13 in October 2021. After a sharp decline to 40.47 in April 2022, the ratio largely stabilized between 50.00 and 66.00 from July 2022 through October 2024. However, a significant downward trend emerged starting in January 2025, with the ratio falling precipitously to 22.91 by April 2026, representing a considerable compression in the earnings multiple.
- Price to Operating Profit (P/OP) Ratio
- The P/OP ratio closely mirrored the trajectory of the P/E ratio. It peaked at 71.64 in October 2021 before dropping to 33.22 in April 2022. A period of consolidation followed, with values generally fluctuating between 40.00 and 53.00 through late 2024. Similar to the earnings multiple, the P/OP ratio experienced a sharp contraction in 2025 and 2026, concluding at 18.27 in April 2026.
- Price to Sales (P/S) Ratio
- The P/S ratio followed a consistent pattern of expansion and contraction. An initial increase led to a high of 17.26 in October 2021, followed by a correction to 7.87 in April 2022. The ratio recovered to a range of 8.00 to 12.00 between 2023 and 2024. A severe decline is observed in the final periods, with the ratio dropping to 5.42 in January 2026 and further to 5.02 in April 2026.
- Price to Book Value (P/BV) Ratio
- The P/BV ratio showed a general long-term downward trend with intermittent fluctuations. Starting at 18.11 in October 2020, it reached a low of 5.97 in April 2022. While the ratio saw a moderate recovery to a peak of 10.89 in January 2024, it declined steadily thereafter. The period ended with a significant drop to 5.09 in April 2026, the lowest point in the analyzed timeframe.
The synchronized decline across all four valuation metrics during the 2025-2026 period indicates a systemic repricing of the equity. The transition from high-growth multiples to significantly lower valuations suggests a fundamental shift in market sentiment or a change in the company's growth trajectory relative to its price.
Price to Earnings (P/E)
Intuit Inc., historical P/E calculation (quarterly data)
| Apr 30, 2026 | 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: 2026-04-30), 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 Q3 2026 Calculation
EPS
= (Net incomeQ3 2026
+ Net incomeQ2 2026
+ Net incomeQ1 2026
+ Net incomeQ4 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/E ratio = Share price ÷ EPS
= ÷ =
5 Click competitor name to see calculations.
The financial data indicates a significant divergence between earnings growth and market valuation over the observed period. While earnings per share demonstrated a consistent upward trajectory, the price-to-earnings ratio experienced extreme volatility followed by a substantial contraction.
- Earnings Per Share (EPS) Trend
- A sustained and steady increase in EPS is observed, rising from 7.49 US$ in October 2020 to 16.76 US$ by April 2026. This represents a consistent growth in fundamental profitability throughout the analyzed timeframe, with the most significant acceleration occurring between January 2024 and April 2026.
- Share Price Volatility
- The share price exhibited cyclical behavior with two primary peaks. The first occurred in October 2021 at 628.94 US$, followed by a correction and a subsequent rise to a secondary peak of 678.70 US$ in October 2024. A sharp decline is noted in the final periods, with the price falling to 383.93 US$ by April 2026.
- Price-to-Earnings (P/E) Ratio Analysis
- The P/E ratio reached a peak of 85.13 in October 2021, reflecting a period of high market optimism and premium valuation. Between April 2022 and October 2024, the ratio largely stabilized, fluctuating between 40.47 and 66.50. However, a precipitous decline in the valuation multiple is observed starting in January 2025, with the ratio falling from 51.15 to a period low of 22.91 by April 2026.
- Valuation Synthesis
- The data reveals a transition from a growth-oriented valuation to a significantly more compressed multiple. Despite the continuous improvement in EPS, the P/E ratio's collapse in the final quarters indicates that the market price declined independently of earnings performance, leading to a historical low in the valuation multiple by the end of the period.
Price to Operating Profit (P/OP)
Intuit Inc., historical P/OP calculation (quarterly data)
| Apr 30, 2026 | 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: 2026-04-30), 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 Q3 2026 Calculation
Operating profit per share
= (Operating income (loss)Q3 2026
+ Operating income (loss)Q2 2026
+ Operating income (loss)Q1 2026
+ Operating income (loss)Q4 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= ÷ =
5 Click competitor name to see calculations.
An analysis of the financial metrics reveals a significant divergence between the company's operational performance and its market valuation over the observed period. While operating profit per share exhibited a consistent and strong upward trajectory, the price-to-operating profit (P/OP) ratio experienced substantial volatility, ending the period at its lowest levels despite record operating efficiency.
- Operating Profit Growth
- A sustained increase in operating profit per share is observed, rising from 9.04 US$ in October 2020 to 21.01 US$ by April 2026. This represents a steady growth pattern, with the profit per share more than doubling over the duration of the analysis, indicating robust operational scaling and improved profitability per unit of equity.
- Valuation Multiple Fluctuations
- The P/OP ratio demonstrated extreme variance, reaching a peak of 71.64 in October 2021. This peak suggests a period of high market optimism where the share price grew at a rate far exceeding the growth of operating profits. Following this peak, the ratio entered a period of correction and stabilization, generally oscillating between 33 and 53 from early 2022 through late 2024.
- Valuation Compression
- A sharp contraction in the valuation multiple is evident starting in 2025. Despite operating profit per share reaching its highest levels (between 15.89 US$ and 21.01 US$), the P/OP ratio declined precipitously from 41.91 in January 2025 to 18.27 by April 2026. This compression indicates a significant market re-rating, where the share price decreased while operational earnings continued to climb.
- Correlation Between Price and Profit
- The relationship between share price and operating profit shifted from a positive correlation in the early stages to an inverse relationship in the final stages of the period. While the share price peaked in the 600 US$ range during 2021 and 2024, it fell to 383.93 US$ by April 2026, even as operating profits reached their zenith. This resulting decline in the P/OP ratio suggests that the market's willingness to pay a premium for each dollar of operating profit diminished substantially over time.
Price to Sales (P/S)
Intuit Inc., historical P/S calculation (quarterly data)
| Apr 30, 2026 | 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: 2026-04-30), 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 Q3 2026 Calculation
Sales per share
= (Net revenueQ3 2026
+ Net revenueQ2 2026
+ Net revenueQ1 2026
+ Net revenueQ4 2025)
÷ No. shares of common stock outstanding
= ( + + + )
÷ =
3 Closing price as at the filing date of Intuit Inc. Quarterly or Annual Report.
4 Q3 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= ÷ =
5 Click competitor name to see calculations.
The financial data indicates a significant divergence between consistent operational revenue growth and volatile market valuation over the analyzed period. While sales per share maintained a steady upward trajectory, the price-to-sales (P/S) ratio experienced multiple cycles of expansion and contraction, concluding with a substantial compression in valuation multiples.
- Sales per Share Performance
- A consistent and linear growth trend is observed in sales per share, rising from 29.83 USD in October 2020 to 76.50 USD by April 2026. This represents a sustained increase in the company's ability to generate revenue on a per-share basis, independent of market price fluctuations.
- Price-to-Sales (P/S) Ratio Volatility
- The P/S ratio exhibited three distinct phases. An initial expansion phase occurred between October 2020 and October 2021, where the ratio peaked at 17.26. This was followed by a sharp correction in early 2022, with the ratio dropping to a low of 7.87 by April 2022. A period of moderate recovery followed, with the ratio oscillating between 8.44 and 12.20 through early 2024.
- Valuation Compression
- A marked decline in the valuation multiple is evident in the final stages of the period. Despite sales per share reaching their highest levels (exceeding 60.00 USD from January 2025 onward), the P/S ratio fell precipitously from 11.46 in October 2024 to 5.02 by April 2026. This indicates that the market began valuing each dollar of revenue significantly lower despite the increase in actual revenue generated.
- Correlation Between Share Price and Revenue
- The data reveals that share price movements were the primary driver of P/S ratio volatility. For instance, the peak P/S ratio in October 2021 coincided with a share price of 628.94 USD. Conversely, the final collapse in the P/S ratio to 5.02 was driven by a sharp decline in share price to 383.93 USD, occurring simultaneously with the highest recorded sales per share of 76.50 USD.
Price to Book Value (P/BV)
Intuit Inc., historical P/BV calculation (quarterly data)
| Apr 30, 2026 | 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: 2026-04-30), 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 Q3 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 Q3 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= ÷ =
5 Click competitor name to see calculations.
The financial data reveals a period of significant volatility in market valuation relative to book value, characterized by a general contraction of the Price to Book Value (P/BV) ratio over the observed timeframe. While the underlying book value has demonstrated consistent growth, the market price has fluctuated substantially, leading to a marked decline in the valuation premium by the end of the period.
- Book Value per Share (BVPS) Growth
- A sustained upward trajectory is observed in the book value per share, which rose from 19.96 US$ in October 2020 to 75.42 US$ by April 2026. The most rapid expansion occurred between October 2021 and April 2022, where BVPS increased from 34.37 US$ to 60.13 US$. This consistent growth indicates a steady accumulation of net assets and an strengthening of the company's equity base.
- Share Price Volatility
- The share price exhibited three distinct phases. An initial growth phase peaked in October 2021 at 628.94 US$, followed by a sharp correction to a low of 358.97 US$ in April 2022. A subsequent recovery phase saw prices reach a peak of 678.70 US$ in October 2024. However, the final phase shows a steep decline, with the price falling to 383.93 US$ by April 2026.
- Price to Book Value (P/BV) Ratio Analysis
- The P/BV ratio reflects a significant shift in market sentiment and valuation. The ratio began at a high premium, peaking at 18.30 in October 2021. A sharp contraction followed, reaching a low of 5.97 in April 2022, primarily driven by the simultaneous decline in share price and the surge in BVPS. Between January 2023 and October 2024, the ratio stabilized within a range of 7.16 to 10.89. The period concludes with a second major contraction, ending at 5.09 in April 2026, the lowest point in the dataset.
- Correlation Between Price and Book Value
- The divergence between the steady increase in BVPS and the volatile share price is the primary driver of the P/BV trend. The final decline in the P/BV ratio is notably attributed to a sharp drop in market price while the book value continued to increase, suggesting a compression of the market's willingness to pay a premium over the accounting value of the assets.