Stock Analysis on Net

Accenture PLC (NYSE:ACN)

Enterprise Value to EBITDA (EV/EBITDA)

Microsoft Excel

Earnings before Interest, Tax, Depreciation and Amortization (EBITDA)

Accenture PLC, EBITDA calculation

US$ in thousands

Microsoft Excel
12 months ended: Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Net income attributable to Accenture plc 6,871,557 6,877,169 5,906,809 5,107,839 4,779,112 4,059,907
Add: Net income attributable to noncontrolling interest 131,973 111,791 83,736 77,474 67,129 154,687
Add: Income tax expense 2,135,802 2,207,207 1,770,571 1,589,018 1,405,556 1,593,499
Earnings before tax (EBT) 9,139,332 9,196,167 7,761,116 6,774,331 6,251,797 5,808,093
Add: Interest expense 47,525 47,320 59,492 33,071 22,963 19,539
Earnings before interest and tax (EBIT) 9,186,857 9,243,487 7,820,608 6,807,402 6,274,760 5,827,632
Add: Depreciation and amortization 1,412,073 1,319,186 1,127,563 1,022,399 892,760 926,776
Earnings before interest, tax, depreciation and amortization (EBITDA) 10,598,930 10,562,673 8,948,171 7,829,801 7,167,520 6,754,408

Based on: 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).

Item Description The company
EBITDA To calculate EBITDA analysts start with net earnings. To that earnings number, interest, taxes, depreciation, and amortization are added. EBITDA as a pre-interest number is a flow to all providers of capital. Accenture PLC EBITDA increased from 2021 to 2022 and from 2022 to 2023.

Enterprise Value to EBITDA Ratio, Current

Accenture PLC, current EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Selected Financial Data (US$ in thousands)
Enterprise value (EV) 186,238,553
Earnings before interest, tax, depreciation and amortization (EBITDA) 10,598,930
Valuation Ratio
EV/EBITDA 17.57
Benchmarks
EV/EBITDA, Competitors1
Adobe Inc. 26.71
International Business Machines Corp. 13.46
Intuit Inc. 43.99
Microsoft Corp. 27.75
Oracle Corp. 20.98
Palo Alto Networks Inc. 106.10
Salesforce Inc. 28.50
ServiceNow Inc. 89.99
Synopsys Inc. 51.16
EV/EBITDA, Sector
Software & Services 27.45
EV/EBITDA, Industry
Information Technology 28.53

Based on: 10-K (reporting date: 2023-08-31).

1 Click competitor name to see calculations.

If the company EV/EBITDA is lower then the EV/EBITDA of benchmark then company is relatively undervalued.
Otherwise, if the company EV/EBITDA is higher then the EV/EBITDA of benchmark then company is relatively overvalued.


Enterprise Value to EBITDA Ratio, Historical

Accenture PLC, historical EV/EBITDA calculation, comparison to benchmarks

Microsoft Excel
Aug 31, 2023 Aug 31, 2022 Aug 31, 2021 Aug 31, 2020 Aug 31, 2019 Aug 31, 2018
Selected Financial Data (US$ in thousands)
Enterprise value (EV)1 182,983,124 150,491,593 208,543,405 136,712,951 111,783,442 93,162,573
Earnings before interest, tax, depreciation and amortization (EBITDA)2 10,598,930 10,562,673 8,948,171 7,829,801 7,167,520 6,754,408
Valuation Ratio
EV/EBITDA3 17.26 14.25 23.31 17.46 15.60 13.79
Benchmarks
EV/EBITDA, Competitors4
Adobe Inc. 34.07 22.32 35.44 43.06 41.16 37.27
International Business Machines Corp. 14.41 22.17 12.53 12.28 10.23
Intuit Inc. 38.71 36.22 51.96 35.70 34.27 31.25
Microsoft Corp. 22.92 20.17 24.59 21.74 17.21 15.67
Oracle Corp. 21.80 17.12 13.78 11.54 11.83 9.50
Palo Alto Networks Inc. 85.08 515.16 349.95 117.16
Salesforce Inc. 38.42 38.91 33.92 49.78 56.71
ServiceNow Inc. 96.48 104.30 147.45 220.91 187.17
Synopsys Inc. 54.59 36.73 53.43 42.24 26.98 21.34
EV/EBITDA, Sector
Software & Services 24.33 21.63 24.66 22.06 17.87
EV/EBITDA, Industry
Information Technology 23.37 18.28 20.37 19.53 14.42

Based on: 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).

1 See details »

2 See details »

3 2023 Calculation
EV/EBITDA = EV ÷ EBITDA
= 182,983,124 ÷ 10,598,930 = 17.26

4 Click competitor name to see calculations.

Valuation ratio Description The company
EV/EBITDA Enterprise value to earnings before interest, tax, depreciation and amortization is a valuation indicator for the overall company rather than common stock. Accenture PLC EV/EBITDA ratio decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.