Stock Analysis on Net

Workday Inc. (NASDAQ:WDAY)

$24.99

Price to Book Value (P/BV)
since 2013

Microsoft Excel

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Calculation

Workday Inc., P/BV, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).

1 US$

2 Data adjusted for splits and stock dividends.

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


The analysis of the provided financial data reveals notable trends in the share price, book value per share (BVPS), and price-to-book value (P/BV) ratio over the examined period.

Share Price
The share price exhibited significant volatility but maintained an overall upward trajectory from 2013 through early 2025. Starting at $62.49 in March 2013, the price increased steadily with occasional fluctuations, reaching a peak of $264.32 in March 2024. Although there was a slight dip to $242.93 in March 2025, the general trend suggests strong growth momentum over the years.
Book Value Per Share (BVPS)
The BVPS also demonstrated consistent growth throughout the period. Beginning at $3.57 in 2013, it rose gradually to $33.96 by 2025. This increase indicates continual accumulation of equity or retained earnings, reflecting improving net asset positions on a per-share basis, which provides a stronger fundamental backing for the share price gains.
Price-to-Book Value (P/BV) Ratio
The P/BV ratio showed a declining trend over the course of the timeline. Initially high at 17.51 in 2013, the ratio fluctuated but generally decreased to 7.15 by 2025. The ratio’s reduction suggests that the share price growth is increasingly supported by growth in the company’s book value. This decrease implies a potential market reassessment where the stock valuation is becoming more aligned with underlying accounting value, possibly indicating a reduction in earlier market premium or a normalization of valuation multiples over time.

In summary, the data depicts a company with strengthening fundamentals, as evidenced by the rising BVPS and supportive share price increases. The declining P/BV ratio over time indicates improved valuation relevance of the book value, implying enhanced market confidence in the company's intrinsic worth. Investors appear to have benefited from capital appreciation alongside underlying equity growth, with market valuation metrics gradually becoming more conservative relative to accounting values.


Comparison to Competitors

Workday Inc., P/BV, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).


Comparison to Sector (Software & Services)

Workday Inc., P/BV, long-term trends, comparison to sector (software & services)

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).


Comparison to Industry (Information Technology)

Workday Inc., P/BV, long-term trends, comparison to industry (information technology)

Microsoft Excel

Based on: 10-K (reporting date: 2025-01-31), 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31).