Price to Sales (P/S)
since 2005
Calculation
Accenture PLC, P/S, long-term trends, calculation
| P/S | = | Share price1, 2, 3 | ÷ | Sales per share1 | Sales per share1 | = | Revenues1 (in thousands) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 16, 2026 | 1.83 | = | 229.68 | ÷ | 125.51 | 125.51 | = | 74,183,445 | ÷ | 591,038,148 | |
| Oct 10, 2025 | 2.15 | = | 240.94 | ÷ | 112.30 | 112.30 | = | 69,672,977 | ÷ | 620,441,250 | |
| Oct 10, 2024 | 3.48 | = | 361.07 | ÷ | 103.81 | 103.81 | = | 64,896,464 | ÷ | 625,163,402 | |
| Oct 12, 2023 | 2.98 | = | 304.36 | ÷ | 102.10 | 102.10 | = | 64,111,745 | ÷ | 627,937,555 | |
| Oct 12, 2022 | 2.56 | = | 250.07 | ÷ | 97.68 | 97.68 | = | 61,594,305 | ÷ | 630,580,797 | |
| Oct 15, 2021 | 4.28 | = | 341.82 | ÷ | 79.94 | 79.94 | = | 50,533,389 | ÷ | 632,153,357 | |
| Oct 22, 2020 | 3.26 | = | 228.14 | ÷ | 69.91 | 69.91 | = | 44,327,039 | ÷ | 634,093,454 | |
| Oct 29, 2019 | 2.72 | = | 184.80 | ÷ | 67.98 | 67.98 | = | 43,215,013 | ÷ | 635,672,438 | |
| Oct 24, 2018 | 2.35 | = | 153.12 | ÷ | 65.11 | 65.11 | = | 41,603,428 | ÷ | 638,990,838 | |
| Oct 26, 2017 | 2.45 | = | 141.97 | ÷ | 57.88 | 57.88 | = | 36,765,478 | ÷ | 635,224,220 | |
| Oct 28, 2016 | 2.13 | = | 115.67 | ÷ | 54.19 | 54.19 | = | 34,797,661 | ÷ | 642,184,419 | |
| Oct 30, 2015 | 2.11 | = | 107.20 | ÷ | 50.79 | 50.79 | = | 32,914,424 | ÷ | 648,101,194 | |
| Oct 24, 2014 | 1.61 | = | 78.35 | ÷ | 48.63 | 48.63 | = | 31,874,678 | ÷ | 655,502,521 | |
| Oct 29, 2013 | 1.64 | = | 74.91 | ÷ | 45.64 | 45.64 | = | 30,394,285 | ÷ | 666,014,836 | |
| Oct 30, 2012 | 1.54 | = | 67.41 | ÷ | 43.80 | 43.80 | = | 29,777,985 | ÷ | 679,888,683 | |
| Oct 21, 2011 | 1.47 | = | 58.08 | ÷ | 39.64 | 39.64 | = | 27,352,914 | ÷ | 690,110,636 | |
| Oct 26, 2010 | 1.36 | = | 45.05 | ÷ | 33.16 | 33.16 | = | 23,094,078 | ÷ | 696,452,274 | |
| Oct 19, 2009 | 1.20 | = | 38.69 | ÷ | 32.32 | 32.32 | = | 23,170,968 | ÷ | 717,002,084 | |
| Oct 20, 2008 | 0.92 | = | 31.86 | ÷ | 34.69 | 34.69 | = | 25,313,826 | ÷ | 729,637,683 | |
| Oct 23, 2007 | 1.41 | = | 39.85 | ÷ | 28.21 | 28.21 | = | 21,452,747 | ÷ | 760,495,475 | |
| Oct 18, 2006 | 1.44 | = | 31.91 | ÷ | 22.17 | 22.17 | = | 18,228,366 | ÷ | 822,093,596 | |
| Oct 31, 2005 | 1.32 | = | 26.31 | ÷ | 19.88 | 19.88 | = | 17,094,420 | ÷ | 859,871,173 |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Accenture PLC Annual Report.
The financial trajectory from 2005 to 2026 demonstrates a consistent expansion in operational scale alongside fluctuating market valuation multiples. While sales per share exhibited steady, near-linear growth throughout the entire period, the share price experienced more volatile movements, resulting in significant shifts in the Price to Sales (P/S) ratio.
- Revenue Growth and Operational Scaling
- Sales per share grew consistently from 19.88 US$ in 2005 to 125.51 US$ by 2026. This sustained upward trend indicates a robust and continuous increase in the company's ability to generate revenue on a per-share basis, regardless of broader market volatility.
- Valuation Multiple Phases
- The P/S ratio evolved through three distinct phases. From 2005 to 2013, the ratio remained relatively stable, generally oscillating between 1.20 and 1.64, with a notable trough of 0.92 in 2008. A period of aggressive valuation expansion occurred between 2014 and 2021, where the P/S ratio climbed from 1.61 to a peak of 4.28. A correction phase followed from 2022 to 2026, with the ratio descending to 1.83.
- Share Price Volatility vs. Fundamental Growth
- The divergence between the share price and sales per share is most evident during the 2017-2021 window. During this time, the share price rose from 141.97 US$ to 341.82 US$, significantly outpacing the growth in sales per share. This led to the highest recorded P/S multiples, suggesting a period of increased market optimism or a shift in investor valuation models. Conversely, the decline in P/S ratio after 2021, despite continuing growth in sales per share, indicates a normalization of the valuation multiple as the share price corrected downward.
- Historical Correlation and Market Resilience
- A temporary contraction in the P/S ratio was observed in 2008, coinciding with a dip in share price to 31.86 US$, while sales per share continued to rise to 34.69 US$. This pattern highlights a period where market sentiment decoupled from fundamental revenue growth, a trend that repeated on a larger scale during the valuation correction observed between 2021 and 2026.
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Comparison to Competitors
Accenture PLC, P/S, long-term trends, comparison to competitors
| Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 16, 2026 | 1.83 | — | — | — | — | — | 3.91 | 8.74 | 7.49 | — | 24.12 | 4.29 | — | — | 4.06 |
| Oct 10, 2025 | 2.15 | 5.25 | 25.35 | 15.27 | 12.53 | 3.19 | 9.90 | 13.54 | 10.32 | 71.09 | 13.82 | 7.40 | 9.20 | 13.05 | 7.65 |
| Oct 10, 2024 | 3.48 | 8.27 | 23.14 | 15.26 | 16.12 | 3.81 | 10.72 | 12.82 | 7.44 | 102.00 | 13.62 | 8.45 | 18.99 | 12.45 | 9.61 |
| Oct 12, 2023 | 2.98 | 13.88 | 6.14 | 20.02 | 20.19 | 2.73 | 10.72 | 11.60 | 6.63 | 23.27 | 10.87 | 5.84 | 17.52 | 14.75 | 7.71 |
| Oct 12, 2022 | 2.56 | 8.95 | 1.80 | 14.23 | 14.64 | 1.94 | 9.30 | 10.40 | 4.25 | 9.34 | 9.62 | 7.40 | 12.75 | 10.03 | 11.19 |
| Oct 15, 2021 | 4.28 | 14.94 | 5.99 | 12.55 | 49.25 | 1.94 | 16.09 | 12.81 | 5.38 | 15.58 | 10.72 | 9.24 | 19.02 | 13.22 | 13.95 |
| Oct 22, 2020 | 3.26 | 17.04 | — | 13.85 | 49.57 | 1.47 | 11.78 | 10.85 | 4.33 | 39.86 | 6.66 | 8.88 | 25.66 | 10.08 | 10.65 |
| Oct 29, 2019 | 2.72 | 15.11 | — | 8.56 | 36.28 | 1.63 | 11.05 | 8.38 | 4.74 | — | 7.06 | 9.00 | 19.36 | 6.27 | 14.75 |
| Oct 24, 2018 | 2.35 | 13.23 | — | 7.53 | — | 1.56 | 9.52 | 7.51 | 4.41 | — | 9.75 | 8.89 | 16.63 | 4.10 | 13.73 |
| Oct 26, 2017 | 2.45 | 13.32 | — | 5.85 | — | 1.82 | 6.99 | 6.19 | 5.56 | — | 7.49 | 6.96 | 14.55 | 4.80 | 11.06 |
| Oct 28, 2016 | 2.13 | 9.34 | — | 4.53 | — | 2.12 | 6.17 | 5.13 | 4.45 | — | 9.69 | 7.09 | 10.50 | 3.71 | 12.08 |
| Oct 30, 2015 | 2.11 | 9.27 | — | 3.73 | — | 1.56 | 5.56 | 3.99 | 4.66 | — | 16.88 | 7.82 | 8.69 | 3.07 | 19.97 |
| Oct 24, 2014 | 1.61 | 8.59 | — | 3.42 | — | 1.76 | 5.32 | 4.10 | 4.67 | — | 13.17 | 9.54 | 16.81 | 3.15 | 35.87 |
| Oct 29, 2013 | 1.64 | 7.45 | — | 2.96 | — | 1.91 | 4.47 | 3.41 | 3.75 | — | 8.38 | 8.92 | 22.61 | 3.12 | 37.91 |
| Oct 30, 2012 | 1.54 | 4.30 | — | 3.02 | — | 2.12 | 4.27 | 3.32 | 3.66 | — | 17.50 | 8.91 | 19.84 | 2.76 | — |
| Oct 21, 2011 | 1.47 | 3.65 | — | 2.81 | — | 2.15 | 3.71 | 3.32 | 4.60 | — | — | 9.79 | — | 2.52 | — |
| Oct 26, 2010 | 1.36 | 4.50 | — | 2.76 | — | 1.98 | 4.12 | 3.57 | 4.04 | — | — | 7.35 | — | 2.93 | — |
| Oct 19, 2009 | 1.20 | 6.12 | — | 1.81 | — | 1.72 | 2.81 | 3.63 | 4.63 | — | — | 3.52 | — | 2.33 | — |
| Oct 20, 2008 | 0.92 | 2.88 | — | 1.01 | — | 1.12 | 3.21 | 3.89 | 4.79 | — | — | 9.52 | — | 1.93 | — |
| Oct 23, 2007 | 1.41 | 6.24 | — | 1.91 | — | 1.60 | 3.61 | 20.52 | 5.60 | — | — | 9.94 | — | 3.16 | — |
| Oct 18, 2006 | 1.44 | 8.78 | — | 3.95 | — | 1.55 | 4.87 | 17.98 | 5.51 | — | — | 13.93 | — | 3.54 | — |
| Oct 31, 2005 | 1.32 | 11.84 | — | 3.86 | — | 1.38 | 3.94 | 21.64 | 5.80 | — | — | 8.64 | — | 3.15 | — |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Sector (Software & Services)
Accenture PLC, P/S, long-term trends, comparison to sector (software & services)
| Accenture PLC | Software & Services | |
|---|---|---|
| Oct 16, 2026 | 1.83 | — |
| Oct 10, 2025 | 2.15 | 10.35 |
| Oct 10, 2024 | 3.48 | 10.31 |
| Oct 12, 2023 | 2.98 | 8.76 |
| Oct 12, 2022 | 2.56 | 7.38 |
| Oct 15, 2021 | 4.28 | 9.45 |
| Oct 22, 2020 | 3.26 | 7.72 |
| Oct 29, 2019 | 2.72 | 6.11 |
| Oct 24, 2018 | 2.35 | 5.24 |
| Oct 26, 2017 | 2.45 | 4.65 |
| Oct 28, 2016 | 2.13 | 3.95 |
| Oct 30, 2015 | 2.11 | 3.41 |
| Oct 24, 2014 | 1.61 | 3.34 |
| Oct 29, 2013 | 1.64 | 2.89 |
| Oct 30, 2012 | 1.54 | 2.79 |
| Oct 21, 2011 | 1.47 | 2.85 |
| Oct 26, 2010 | 1.36 | 2.73 |
| Oct 19, 2009 | 1.20 | 2.61 |
| Oct 20, 2008 | 0.92 | 2.31 |
| Oct 23, 2007 | 1.41 | 6.95 |
| Oct 18, 2006 | 1.44 | 6.20 |
| Oct 31, 2005 | 1.32 | 6.73 |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Industry (Information Technology)
Accenture PLC, P/S, long-term trends, comparison to industry (information technology)
| Accenture PLC | Information Technology | |
|---|---|---|
| Oct 16, 2026 | 1.83 | — |
| Oct 10, 2025 | 2.15 | 10.44 |
| Oct 10, 2024 | 3.48 | 9.30 |
| Oct 12, 2023 | 2.98 | 7.31 |
| Oct 12, 2022 | 2.56 | 6.01 |
| Oct 15, 2021 | 4.28 | 6.98 |
| Oct 22, 2020 | 3.26 | 6.11 |
| Oct 29, 2019 | 2.72 | 4.62 |
| Oct 24, 2018 | 2.35 | 4.31 |
| Oct 26, 2017 | 2.45 | 4.18 |
| Oct 28, 2016 | 2.13 | 3.46 |
| Oct 30, 2015 | 2.11 | 3.03 |
| Oct 24, 2014 | 1.61 | 3.31 |
| Oct 29, 2013 | 1.64 | 2.85 |
| Oct 30, 2012 | 1.54 | 2.88 |
| Oct 21, 2011 | 1.47 | 2.84 |
| Oct 26, 2010 | 1.36 | 3.04 |
| Oct 19, 2009 | 1.20 | 3.11 |
| Oct 20, 2008 | 0.92 | 2.38 |
| Oct 23, 2007 | 1.41 | 5.73 |
| Oct 18, 2006 | 1.44 | 5.21 |
| Oct 31, 2005 | 1.32 | 5.62 |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).