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).

Current Valuation Ratios
Historical Valuation Ratios (Summary)
Price to Earnings (P/E)
Price to Operating Profit (P/OP)
Price to Sales (P/S)
Price to Book Value (P/BV)

Accenture PLC, current price multiples

	Accenture PLC	Automatic Data Processing Inc.	Waste Management Inc.	Support Services	Industrials
Selected Financial Data
Current share price (P)	$254.77
No. shares of common stock outstanding	634,772,346
Growth rate (g)	24.07%

Earnings per share (EPS)	$8.05
Next year expected EPS	$9.98
Operating profit per share	$10.26
Sales per share	$69.83
Book value per share (BVPS)	$26.78
Valuation Ratios (Price Multiples)
Price to earnings (P/E)	31.66	28.16	29.19	32.02	30.99
Price to next year expected earnings	25.52	24.32	26.40	26.95	28.47
Price-earnings-growth (PEG)	1.32	1.79	2.76	1.70	3.51
Price to operating profit (P/OP)	24.83	22.11	18.02	23.26	16.96
Price to sales (P/S)	3.65	4.76	3.15	3.84	2.26
Price to book value (P/BV)	9.51	12.08	6.90	10.42	7.79

Based on: 10-K (filing date: 2020-10-22).

If the company price multiple is lower then the price multiple of benchmark then company stock is relatively undervalued.
Otherwise, if the company price multiple is higher then the price multiple of benchmark then company stock is relatively overvalued.

Accenture PLC, historical price multiples

	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015
Price to earnings (P/E)	28.32	24.58	24.10	26.18	18.07	22.75
Price to operating profit (P/OP)	22.21	18.63	16.75	19.47	15.44	15.66
Price to sales (P/S)	3.26	2.72	2.35	2.45	2.13	2.11
Price to book value (P/BV)	8.51	8.15	9.44	10.08	9.83	11.33

Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Accenture PLC’s P/E ratio increased from 2018 to 2019 and from 2019 to 2020.
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Accenture PLC’s P/OP ratio increased from 2018 to 2019 and from 2019 to 2020.
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Accenture PLC’s P/S ratio increased from 2018 to 2019 and from 2019 to 2020.
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.	Accenture PLC’s P/BV ratio decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Accenture PLC, historical P/E calculation, comparison to benchmarks

	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015
No. shares of common stock outstanding¹	634,093,454	635,672,438	638,990,838	635,224,220	642,184,419	648,101,194
Selected Financial Data (US$)
Net income attributable to Accenture plc (in thousands)	5,107,839	4,779,112	4,059,907	3,445,149	4,111,892	3,053,581
Earnings per share (EPS)²	8.06	7.52	6.35	5.42	6.40	4.71
Share price^1, 3	228.14	184.80	153.12	141.97	115.67	107.20
Valuation Ratio
P/E ratio⁴	28.32	24.58	24.10	26.18	18.07	22.75
Benchmarks
P/E Ratio, Competitors⁵
Automatic Data Processing Inc.	23.49	31.75	36.29	28.56	27.41	25.75
Waste Management Inc.	—	31.59	21.76	18.70	26.48	32.73
P/E Ratio, Sector
Support Services	—	27.80	26.10	24.71	21.59	25.01
P/E Ratio, Industry
Industrials	—	30.07	29.20	26.38	23.15	25.09

Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
EPS = Net income attributable to Accenture plc ÷ No. shares of common stock outstanding
= 5,107,839,000 ÷ 634,093,454 = 8.06

³ Closing price as at the filing date of Accenture PLC’s Annual Report.

⁴ 2020 Calculation
P/E ratio = Share price ÷ EPS
= 228.14 ÷ 8.06 = 28.32

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/E ratio	The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings.	Accenture PLC’s P/E ratio increased from 2018 to 2019 and from 2019 to 2020.

Accenture PLC, historical P/OP calculation, comparison to benchmarks

	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015
No. shares of common stock outstanding¹	634,093,454	635,672,438	638,990,838	635,224,220	642,184,419	648,101,194
Selected Financial Data (US$)
Operating income (in thousands)	6,513,644	6,305,074	5,841,041	4,632,609	4,810,445	4,435,869
Operating profit per share²	10.27	9.92	9.14	7.29	7.49	6.84
Share price^1, 3	228.14	184.80	153.12	141.97	115.67	107.20
Valuation Ratio
P/OP ratio⁴	22.21	18.63	16.75	19.47	15.44	15.66
Benchmarks
P/OP Ratio, Competitors⁵
Automatic Data Processing Inc.	18.44	24.07	23.42	21.27	18.67	18.57
Waste Management Inc.	—	19.50	15.02	13.82	13.63	12.05
P/OP Ratio, Sector
Support Services	—	20.19	17.82	18.35	15.76	15.48
P/OP Ratio, Industry
Industrials	—	16.46	13.75	15.19	15.44	12.65

Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
Operating profit per share = Operating income ÷ No. shares of common stock outstanding
= 6,513,644,000 ÷ 634,093,454 = 10.27

³ Closing price as at the filing date of Accenture PLC’s Annual Report.

⁴ 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 228.14 ÷ 10.27 = 22.21

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/OP ratio	Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit.	Accenture PLC’s P/OP ratio increased from 2018 to 2019 and from 2019 to 2020.

Accenture PLC, historical P/S calculation, comparison to benchmarks

	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015
No. shares of common stock outstanding¹	634,093,454	635,672,438	638,990,838	635,224,220	642,184,419	648,101,194
Selected Financial Data (US$)
Revenues (in thousands)	44,327,039	43,215,013	41,603,428	36,765,478	34,797,661	32,914,424
Sales per share²	69.91	67.98	65.11	57.88	54.19	50.79
Share price^1, 3	228.14	184.80	153.12	141.97	115.67	107.20
Valuation Ratio
P/S ratio⁴	3.26	2.72	2.35	2.45	2.13	2.11
Benchmarks
P/S Ratio, Competitors⁵
Automatic Data Processing Inc.	3.97	5.13	4.41	4.00	3.51	3.42
Waste Management Inc.	—	3.41	2.81	2.52	2.30	1.90
P/S Ratio, Sector
Support Services	—	3.34	2.84	2.77	2.44	2.32
P/S Ratio, Industry
Industrials	—	2.19	1.95	2.12	1.99	1.73

Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
Sales per share = Revenues ÷ No. shares of common stock outstanding
= 44,327,039,000 ÷ 634,093,454 = 69.91

³ Closing price as at the filing date of Accenture PLC’s Annual Report.

⁴ 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 228.14 ÷ 69.91 = 3.26

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/S ratio	An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative.	Accenture PLC’s P/S ratio increased from 2018 to 2019 and from 2019 to 2020.

Accenture PLC, historical P/BV calculation, comparison to benchmarks

	Aug 31, 2020	Aug 31, 2019	Aug 31, 2018	Aug 31, 2017	Aug 31, 2016	Aug 31, 2015
No. shares of common stock outstanding¹	634,093,454	635,672,438	638,990,838	635,224,220	642,184,419	648,101,194
Selected Financial Data (US$)
Total Accenture plc shareholders’ equity (in thousands)	17,000,536	14,409,008	10,364,753	8,949,477	7,555,262	6,133,725
Book value per share (BVPS)²	26.81	22.67	16.22	14.09	11.76	9.46
Share price^1, 3	228.14	184.80	153.12	141.97	115.67	107.20
Valuation Ratio
P/BV ratio⁴	8.51	8.15	9.44	10.08	9.83	11.33
Benchmarks
P/BV Ratio, Competitors⁵
Automatic Data Processing Inc.	10.07	13.48	17.00	12.45	9.13	7.78
Waste Management Inc.	—	7.46	6.68	6.05	5.91	4.61
P/BV Ratio, Sector
Support Services	—	9.04	9.88	9.30	8.45	8.08
P/BV Ratio, Industry
Industrials	—	7.56	6.93	6.28	5.73	4.31

Based on: 10-K (filing date: 2020-10-22), 10-K (filing date: 2019-10-29), 10-K (filing date: 2018-10-24), 10-K (filing date: 2017-10-26), 10-K (filing date: 2016-10-28), 10-K (filing date: 2015-10-30).

¹ Data adjusted for splits and stock dividends.

² 2020 Calculation
BVPS = Total Accenture plc shareholders’ equity ÷ No. shares of common stock outstanding
= 17,000,536,000 ÷ 634,093,454 = 26.81

³ Closing price as at the filing date of Accenture PLC’s Annual Report.

⁴ 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 228.14 ÷ 26.81 = 8.51

⁵ Click competitor name to see calculations.

Valuation ratio	Description	The company
P/BV ratio	The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return.	Accenture PLC’s P/BV ratio decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.

Accenture PLC (NYSE:ACN)

Common Stock Valuation Ratios (Price Multiples)

Current Valuation Ratios

Historical Valuation Ratios (Summary)

Price to Earnings (P/E)

Price to Operating Profit (P/OP)

Price to Sales (P/S)

Price to Book Value (P/BV)