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).
Historical Valuation Ratios (Summary)
Accenture PLC, historical price multiples (quarterly data)
Based on: 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
The valuation ratios exhibit varied trends over the observed period. Generally, a period of expansion from late 2020 through late 2021 is followed by a period of contraction and stabilization through 2023, with some ratios showing renewed increases into early 2024 before declining again towards the end of the period. The most recent observations suggest a potential shift towards lower valuations.
- Price to Earnings (P/E)
- The Price to Earnings ratio increased from 31.97 in November 2020 to a peak of 40.88 in November 2021. Subsequently, the ratio decreased to 24.73 by February 2023, indicating a reduction in investor willingness to pay for each dollar of earnings. A slight increase occurred through August 2023, reaching 27.81, but the ratio then declined to 16.35 by February 2026, representing the lowest value in the observed period. This suggests a significant decrease in earnings multiple.
- Price to Operating Profit (P/OP)
- Similar to the P/E ratio, the Price to Operating Profit ratio rose from 25.29 in November 2020 to 31.03 in November 2021. It then experienced a consistent decline, reaching 18.24 by February 2023. The ratio showed some volatility, peaking at 24.43 in November 2023, before falling to 12.02 in February 2026. This pattern mirrors the P/E ratio, indicating a similar trend in valuation relative to operating profitability.
- Price to Sales (P/S)
- The Price to Sales ratio demonstrated an upward trend from 3.75 in November 2020 to 4.72 in November 2021. It then began a consistent decline, reaching 2.15 in May 2025. A slight recovery to 2.35 was observed in August 2025, but the ratio concluded the period at 1.73 in February 2026, the lowest point observed. This suggests a decreasing valuation relative to revenue generation.
- Price to Book Value (P/BV)
- The Price to Book Value ratio exhibited a clear increasing trend from 9.38 in November 2020 to a high of 12.45 in November 2021. Following this peak, the ratio generally decreased, reaching 7.22 in February 2023. It experienced some fluctuation before declining to 4.01 in February 2026, representing a substantial decrease in valuation relative to net asset value. This indicates a diminishing premium investors are willing to pay for the company’s net assets.
Overall, the observed trends suggest a period of increasing valuation followed by a significant correction across all four ratios. The declines observed from late 2021 through February 2026 indicate a potential shift in market sentiment or a reassessment of the company’s growth prospects. The most recent values suggest a continued trend towards lower valuations relative to earnings, operating profit, sales, and book value.
AI Ask an analyst for more
Price to Earnings (P/E)
Accenture PLC, historical P/E calculation (quarterly data)
| Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 614,239,941 | 615,609,112 | 620,441,250 | 623,155,515 | 626,329,143 | 625,787,691 | 625,163,402 | 626,693,165 | 629,043,698 | 627,310,295 | 627,937,555 | 631,130,584 | 631,870,936 | 630,238,979 | 630,580,797 | 633,051,546 | 633,904,573 | 632,508,891 | 632,153,357 | 634,652,338 | 636,168,209 | 634,772,346 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Net income attributable to Accenture plc (in thousands) | 1,825,239) | 2,211,561) | 1,413,963) | 2,197,501) | 1,788,075) | 2,278,894) | 1,684,301) | 1,932,183) | 1,674,859) | 1,973,444) | 1,372,963) | 2,009,996) | 1,523,648) | 1,964,950) | 1,665,128) | 1,786,075) | 1,634,942) | 1,791,024) | 1,416,248) | 1,549,426) | 1,440,859) | 1,500,276) | |||||||
| Earnings per share (EPS)2 | 12.45 | 12.36 | 12.38 | 12.76 | 12.27 | 12.10 | 11.62 | 11.10 | 11.18 | 10.97 | 10.94 | 11.35 | 10.98 | 11.19 | 10.91 | 10.47 | 10.08 | 9.80 | 9.34 | 9.10 | 8.58 | 8.27 | |||||||
| Share price1, 3 | 203.55 | 269.96 | 240.94 | 285.37 | 300.91 | 372.16 | 361.07 | 306.16 | 345.03 | 341.51 | 304.36 | 307.25 | 271.66 | 264.48 | 250.07 | 285.83 | 319.50 | 400.60 | 341.82 | 291.56 | 266.89 | 264.47 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/E ratio4 | 16.35 | 21.84 | 19.47 | 22.37 | 24.53 | 30.76 | 31.07 | 27.59 | 30.87 | 31.14 | 27.81 | 27.07 | 24.73 | 23.64 | 22.93 | 27.30 | 31.69 | 40.88 | 36.58 | 32.02 | 31.11 | 31.97 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/E Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Adobe Inc. | — | — | 17.51 | 21.26 | 23.93 | 25.11 | 31.98 | 42.53 | 46.15 | 47.07 | 49.64 | 44.69 | 45.30 | 36.72 | 33.15 | 27.18 | 35.27 | 45.03 | 48.90 | 47.07 | 49.98 | 40.82 | |||||||
| AppLovin Corp. | — | — | 41.68 | 73.67 | 54.38 | 53.48 | 68.97 | 49.07 | 27.16 | 40.75 | 56.56 | 128.35 | 508.94 | — | — | — | — | — | — | — | — | — | |||||||
| Cadence Design Systems Inc. | — | — | 72.92 | 87.60 | 99.91 | 75.17 | 67.09 | 76.54 | 69.10 | 72.17 | 78.64 | 68.16 | 73.71 | 67.89 | 59.70 | 55.98 | 59.24 | 56.00 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | — | — | — | 675.68 | 391.27 | 632.51 | 892.67 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Datadog Inc. | — | — | 398.52 | 628.11 | 366.47 | 220.89 | 235.49 | 220.03 | 232.13 | 340.29 | 884.97 | — | — | — | — | — | 5,463.33 | 16,813.15 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | 20.31 | 33.69 | 41.60 | 38.94 | 39.68 | 29.62 | 20.87 | 18.66 | 22.50 | 19.07 | 63.16 | 62.36 | 71.56 | 95.23 | 20.78 | 22.19 | — | — | — | — | |||||||
| Intuit Inc. | 25.13 | 43.09 | 48.19 | 53.58 | 51.15 | 65.11 | 58.94 | 60.26 | 66.50 | 61.19 | 64.61 | 56.26 | 59.38 | 56.80 | 57.31 | 40.47 | 63.28 | 85.13 | 75.17 | 56.40 | 62.56 | 48.28 | |||||||
| Microsoft Corp. | 29.99 | 38.37 | 37.46 | 30.40 | 35.45 | 35.53 | 35.67 | 34.41 | 36.78 | 31.86 | 33.96 | 29.67 | 26.71 | 26.77 | 28.34 | 27.89 | 30.38 | 34.30 | 35.14 | 35.22 | 34.15 | 33.95 | |||||||
| Oracle Corp. | 37.04 | 75.00 | 47.60 | 33.25 | 42.77 | 39.36 | 37.63 | 32.94 | 27.34 | 32.03 | 38.96 | 27.11 | 24.69 | 35.29 | 26.85 | 27.46 | 26.70 | 17.45 | 15.84 | 15.15 | 17.19 | 17.88 | |||||||
| Palantir Technologies Inc. | — | — | 195.77 | 415.04 | 538.53 | 450.16 | 632.38 | 244.40 | 147.19 | 159.62 | 246.77 | 279.03 | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 96.98 | 115.46 | 112.39 | 97.64 | 105.57 | 47.73 | 42.42 | 41.23 | 37.18 | 127.17 | 170.35 | 290.26 | 1,656.49 | — | — | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 34.86 | 41.12 | 45.28 | 59.32 | 43.63 | 38.62 | 71.24 | 94.07 | 136.55 | 547.14 | 879.57 | 528.78 | 324.46 | 174.67 | 135.68 | 147.95 | 110.94 | 48.91 | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | 69.85 | 112.32 | 124.75 | 109.38 | 146.40 | 147.50 | 148.98 | 77.25 | 90.80 | 71.21 | 80.21 | 231.72 | 284.29 | 417.72 | 479.20 | 452.02 | — | — | — | — | |||||||
| Synopsys Inc. | — | 78.12 | 69.11 | 56.20 | 33.17 | 34.48 | 33.69 | 55.30 | 63.08 | 62.39 | 70.08 | 62.65 | 67.52 | 57.28 | 51.76 | 53.76 | 46.52 | 48.45 | 73.37 | 64.13 | 45.71 | 56.52 | |||||||
| Workday Inc. | 101.34 | 130.49 | 122.85 | 43.12 | 44.76 | 37.68 | 50.53 | 934.29 | — | — | — | — | — | — | 1,957.29 | 2,418.34 | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
EPS
= (Net income attributable to Accenture plcQ2 2026
+ Net income attributable to Accenture plcQ1 2026
+ Net income attributable to Accenture plcQ4 2025
+ Net income attributable to Accenture plcQ3 2025)
÷ No. shares of common stock outstanding
= (1,825,239,000 + 2,211,561,000 + 1,413,963,000 + 2,197,501,000)
÷ 614,239,941 = 12.45
3 Closing price as at the filing date of Accenture PLC Quarterly or Annual Report.
4 Q2 2026 Calculation
P/E ratio = Share price ÷ EPS
= 203.55 ÷ 12.45 = 16.35
5 Click competitor name to see calculations.
The price-to-earnings (P/E) ratio exhibited fluctuating behavior over the observed period, spanning from November 2020 to November 2025. Initially, the ratio demonstrated a generally increasing trend, peaking in November 2021, followed by a period of decline and subsequent volatility.
- Initial Increase (Nov 2020 - Nov 2021)
- The P/E ratio increased from 31.97 in November 2020 to a high of 40.88 in November 2021. This increase suggests that investors were willing to pay a progressively higher price for each dollar of earnings during this timeframe, potentially reflecting positive market sentiment or expectations of future growth.
- Subsequent Decline (Nov 2021 - Aug 2022)
- Following the peak, the P/E ratio experienced a substantial decline, falling to 22.93 by August 2022. This decrease could be attributed to factors such as concerns about economic conditions, industry-specific challenges, or a reassessment of the company’s growth prospects. The decline was not uniform, with some fluctuations within this period.
- Volatility and Stabilization (Aug 2022 - Nov 2023)
- From August 2022 through November 2023, the P/E ratio demonstrated increased volatility, oscillating between approximately 16.35 and 31.14. This period suggests a degree of uncertainty in the market’s valuation of the company. A slight upward trend is observable towards the end of this period.
- Recent Trends (Nov 2023 - Nov 2025)
- The P/E ratio exhibited further fluctuations in the most recent period. A decrease to 16.35 in February 2026 represents the lowest value in the observed timeframe. Prior to this, the ratio showed a decline from 30.87 in November 2023 to 22.37 in February 2025, followed by a rebound to 21.84 in May 2025, before the final drop. This suggests a potential shift in investor sentiment or a response to recent earnings reports.
Overall, the P/E ratio’s trajectory indicates a dynamic valuation influenced by a combination of market conditions and company-specific factors. The recent decline warrants further investigation to determine the underlying causes and potential implications for future performance.
AI Ask an analyst for more
Price to Operating Profit (P/OP)
Accenture PLC, historical P/OP calculation (quarterly data)
| Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 614,239,941 | 615,609,112 | 620,441,250 | 623,155,515 | 626,329,143 | 625,787,691 | 625,163,402 | 626,693,165 | 629,043,698 | 627,310,295 | 627,937,555 | 631,130,584 | 631,870,936 | 630,238,979 | 630,580,797 | 633,051,546 | 633,904,573 | 632,508,891 | 632,153,357 | 634,652,338 | 636,168,209 | 634,772,346 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Operating income (in thousands) | 2,493,547) | 2,873,698) | 2,049,691) | 2,982,782) | 2,244,714) | 2,948,477) | 2,353,668) | 2,630,865) | 2,046,427) | 2,564,887) | 1,912,920) | 2,359,288) | 1,944,581) | 2,593,100) | 2,268,189) | 2,603,118) | 2,061,580) | 2,434,294) | 1,958,689) | 2,118,656) | 1,653,515) | 1,890,669) | |||||||
| Operating profit per share2 | 16.93 | 16.49 | 16.48 | 16.90 | 16.25 | 15.95 | 15.35 | 14.61 | 14.12 | 14.00 | 14.03 | 14.52 | 14.89 | 15.11 | 14.85 | 14.31 | 13.52 | 12.91 | 12.06 | 11.36 | 10.69 | 10.46 | |||||||
| Share price1, 3 | 203.55 | 269.96 | 240.94 | 285.37 | 300.91 | 372.16 | 361.07 | 306.16 | 345.03 | 341.51 | 304.36 | 307.25 | 271.66 | 264.48 | 250.07 | 285.83 | 319.50 | 400.60 | 341.82 | 291.56 | 266.89 | 264.47 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/OP ratio4 | 12.02 | 16.37 | 14.62 | 16.89 | 18.52 | 23.34 | 23.52 | 20.96 | 24.43 | 24.40 | 21.69 | 21.16 | 18.24 | 17.50 | 16.83 | 19.98 | 23.62 | 31.03 | 28.35 | 25.67 | 24.96 | 25.29 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/OP Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Adobe Inc. | — | — | 14.34 | 17.60 | 20.00 | 21.20 | 26.38 | 34.93 | 37.61 | 37.84 | 40.52 | 35.69 | 35.47 | 28.49 | 25.85 | 21.47 | 28.50 | 36.67 | 40.64 | 49.83 | 54.24 | 47.80 | |||||||
| AppLovin Corp. | — | — | 33.47 | 59.84 | 44.93 | 43.26 | 58.16 | 36.85 | 18.93 | 26.27 | 31.12 | 37.82 | 46.66 | 45.96 | — | 182.48 | 465.09 | 1,412.13 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | — | — | 54.20 | 62.56 | 71.69 | 55.59 | 52.42 | 64.64 | 62.16 | 64.10 | 65.43 | 57.98 | 59.96 | 53.91 | 47.21 | 41.53 | 46.31 | 46.60 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | — | — | — | — | 1,246.42 | 3,413.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
| Datadog Inc. | — | — | — | — | — | 1,225.87 | 797.11 | 582.08 | 786.59 | 2,905.50 | — | — | — | — | — | — | 3,299.68 | 8,476.50 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | 18.20 | 23.84 | 23.57 | 22.11 | 25.48 | 20.07 | 18.25 | 16.26 | 17.99 | 14.81 | 15.22 | 13.98 | 14.35 | 15.37 | 15.24 | 17.07 | — | — | — | — | |||||||
| Intuit Inc. | 20.02 | 34.22 | 37.87 | 41.91 | 40.68 | 52.88 | 48.11 | 48.74 | 53.07 | 46.91 | 49.04 | 41.32 | 43.34 | 43.50 | 46.05 | 33.22 | 53.54 | 71.64 | 62.00 | 46.48 | 52.54 | 39.99 | |||||||
| Microsoft Corp. | 25.09 | 29.61 | 29.68 | 24.05 | 27.94 | 28.44 | 28.73 | 28.04 | 30.20 | 26.16 | 27.76 | 24.15 | 21.76 | 22.07 | 24.72 | 24.66 | 27.51 | 31.35 | 30.79 | 30.72 | 29.13 | 28.71 | |||||||
| Oracle Corp. | 30.92 | 51.94 | 33.50 | 23.43 | 29.86 | 26.92 | 25.65 | 23.67 | 19.36 | 21.82 | 25.30 | 16.87 | 15.50 | 20.25 | 16.51 | 18.93 | 24.87 | 15.78 | 14.31 | 12.98 | 12.20 | 12.88 | |||||||
| Palantir Technologies Inc. | — | — | 224.99 | 535.05 | 721.72 | 633.43 | 941.61 | 318.98 | 203.93 | 242.24 | 431.61 | 1,130.92 | — | — | — | — | — | — | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 87.42 | 101.94 | 102.53 | 122.82 | 140.59 | 172.78 | 159.88 | 144.37 | 140.84 | 132.93 | 193.40 | 418.85 | 2,481.12 | — | — | — | — | — | — | — | — | — | |||||||
| Salesforce Inc. | 29.08 | 34.31 | 38.94 | 50.24 | 37.14 | 33.49 | 58.80 | 65.09 | 79.66 | 145.83 | 177.62 | 295.77 | 2,318.80 | 818.64 | 357.52 | 280.57 | 236.57 | 228.93 | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | 66.94 | 110.78 | 129.43 | 113.44 | 152.95 | 156.40 | 159.12 | 156.78 | 206.26 | 174.57 | 225.29 | 224.97 | 260.27 | 357.28 | 404.46 | 408.10 | — | — | — | — | |||||||
| Synopsys Inc. | — | 99.34 | 100.63 | 101.65 | 55.22 | 57.97 | 56.25 | 56.16 | 63.80 | 64.29 | 67.90 | 61.35 | 62.50 | 50.41 | 43.85 | 48.91 | 42.54 | 47.17 | 75.64 | 65.25 | 49.28 | 59.98 | |||||||
| Workday Inc. | 112.10 | 162.95 | 155.71 | 166.90 | 201.96 | 210.15 | 381.31 | 4,065.25 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Operating profit per share
= (Operating incomeQ2 2026
+ Operating incomeQ1 2026
+ Operating incomeQ4 2025
+ Operating incomeQ3 2025)
÷ No. shares of common stock outstanding
= (2,493,547,000 + 2,873,698,000 + 2,049,691,000 + 2,982,782,000)
÷ 614,239,941 = 16.93
3 Closing price as at the filing date of Accenture PLC Quarterly or Annual Report.
4 Q2 2026 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 203.55 ÷ 16.93 = 12.02
5 Click competitor name to see calculations.
The Price to Operating Profit (P/OP) ratio for the observed period exhibits considerable fluctuation. Initially, the ratio demonstrates an increasing trend from November 2020 through November 2021, followed by a sharp decline and subsequent volatility. A general observation is that the ratio appears sensitive to changes in both share price and operating profit per share.
- Initial Increasing Trend (Nov 2020 - Nov 2021)
- From November 2020 to November 2021, the P/OP ratio increased from 25.29 to 31.03. This rise coincided with increases in both the share price and operating profit per share, suggesting positive investor sentiment and strong operational performance during this period. The increase was not linear, with a more pronounced jump between May 2021 and November 2021.
- Significant Decline and Volatility (Nov 2021 - Feb 2023)
- A substantial decrease in the P/OP ratio is observed from November 2021 to February 2023, falling from 31.03 to 18.24. This decline was primarily driven by a decrease in share price, despite continued growth in operating profit per share. The period between August 2022 and February 2023 shows considerable volatility, indicating market uncertainty or readjustment.
- Subsequent Fluctuations (Feb 2023 - Nov 2025)
- Following February 2023, the P/OP ratio experienced further fluctuations. It increased to 21.16 in May 2023, then decreased to 12.02 by November 2025. This period demonstrates a complex interplay between share price and operating profit per share, with both factors contributing to the observed changes. The ratio appears to be more responsive to share price movements during this phase.
- Recent Trend (Nov 2025 - May 2026)
- The most recent observations, from November 2025 to May 2026, show a slight increase in the P/OP ratio, moving from 12.02 to 16.37. This is attributable to a rise in share price, while operating profit per share remained relatively stable. This suggests a potential shift in investor confidence or a reassessment of the company’s future prospects.
Overall, the P/OP ratio demonstrates a lack of consistent direction. While periods of growth are evident, they are interspersed with significant declines and volatility. This suggests that external factors and market sentiment play a substantial role in the company’s valuation, in addition to its operational performance.
AI Ask an analyst for more
Price to Sales (P/S)
Accenture PLC, historical P/S calculation (quarterly data)
| Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 614,239,941 | 615,609,112 | 620,441,250 | 623,155,515 | 626,329,143 | 625,787,691 | 625,163,402 | 626,693,165 | 629,043,698 | 627,310,295 | 627,937,555 | 631,130,584 | 631,870,936 | 630,238,979 | 630,580,797 | 633,051,546 | 633,904,573 | 632,508,891 | 632,153,357 | 634,652,338 | 636,168,209 | 634,772,346 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Revenues (in thousands) | 18,044,066) | 18,742,125) | 17,596,260) | 17,727,871) | 16,659,301) | 17,689,545) | 16,405,819) | 16,466,828) | 15,799,514) | 16,224,303) | 15,985,200) | 16,564,585) | 15,814,158) | 15,747,802) | 15,423,656) | 16,158,803) | 15,046,693) | 14,965,153) | 13,419,284) | 13,263,795) | 12,088,125) | 11,762,185) | |||||||
| Sales per share2 | 117.40 | 114.89 | 112.30 | 109.90 | 107.33 | 106.05 | 103.81 | 102.88 | 102.65 | 102.96 | 102.10 | 100.69 | 99.93 | 98.97 | 97.68 | 94.13 | 89.44 | 84.96 | 79.94 | 75.55 | 71.80 | 70.47 | |||||||
| Share price1, 3 | 203.55 | 269.96 | 240.94 | 285.37 | 300.91 | 372.16 | 361.07 | 306.16 | 345.03 | 341.51 | 304.36 | 307.25 | 271.66 | 264.48 | 250.07 | 285.83 | 319.50 | 400.60 | 341.82 | 291.56 | 266.89 | 264.47 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/S ratio4 | 1.73 | 2.35 | 2.15 | 2.60 | 2.80 | 3.51 | 3.48 | 2.98 | 3.36 | 3.32 | 2.98 | 3.05 | 2.72 | 2.67 | 2.56 | 3.04 | 3.57 | 4.72 | 4.28 | 3.86 | 3.72 | 3.75 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/S Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Adobe Inc. | — | — | 5.25 | 6.38 | 7.27 | 7.69 | 8.27 | 10.88 | 11.47 | 11.33 | 13.88 | 12.12 | 11.93 | 9.66 | 8.95 | 7.61 | 10.33 | 13.47 | 14.94 | 18.20 | 19.39 | 16.61 | |||||||
| AppLovin Corp. | — | — | 25.35 | 40.14 | 26.48 | 21.35 | 23.14 | 13.19 | 5.68 | 6.71 | 6.14 | 4.44 | 3.55 | 2.23 | 1.80 | 2.08 | 4.61 | 5.30 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | — | — | 15.27 | 17.83 | 19.87 | 16.68 | 15.26 | 18.27 | 17.52 | 18.53 | 20.02 | 16.65 | 17.25 | 15.77 | 14.23 | 12.80 | 13.99 | 13.21 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 25.55 | 27.75 | 19.36 | 22.89 | 18.94 | 25.36 | 26.10 | 19.77 | 14.73 | 15.27 | 12.81 | 13.55 | 23.24 | 22.99 | 30.15 | 37.35 | 54.14 | 46.77 | — | — | — | — | |||||||
| Datadog Inc. | — | — | 12.53 | 20.88 | 15.14 | 12.92 | 16.12 | 16.67 | 15.81 | 17.37 | 20.19 | 16.72 | 14.86 | 13.74 | 14.64 | 14.59 | 26.18 | 29.04 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | 3.19 | 4.07 | 3.79 | 3.39 | 3.81 | 3.03 | 2.82 | 2.46 | 2.73 | 2.16 | 2.11 | 1.89 | 1.94 | 1.99 | 1.95 | 2.10 | — | — | — | — | |||||||
| Intuit Inc. | 5.42 | 9.13 | 9.90 | 10.22 | 9.05 | 11.46 | 10.72 | 11.71 | 12.20 | 10.73 | 10.72 | 8.95 | 8.44 | 8.01 | 9.30 | 7.87 | 12.04 | 17.26 | 16.09 | 13.50 | 14.16 | 12.12 | |||||||
| Microsoft Corp. | 11.71 | 13.70 | 13.54 | 10.88 | 12.56 | 12.65 | 12.82 | 12.54 | 13.34 | 11.25 | 11.60 | 9.86 | 8.83 | 9.20 | 10.40 | 10.50 | 11.70 | 13.21 | 12.81 | 12.33 | 11.43 | 10.96 | |||||||
| Oracle Corp. | 9.36 | 15.81 | 10.32 | 7.25 | 9.05 | 8.03 | 7.44 | 6.68 | 5.37 | 5.89 | 6.63 | 4.73 | 4.71 | 4.64 | 4.25 | 4.96 | 6.62 | 5.96 | 5.38 | 4.90 | 4.53 | 4.67 | |||||||
| Palantir Technologies Inc. | — | — | 71.09 | 116.68 | 119.47 | 82.47 | 102.00 | 44.01 | 24.02 | 20.42 | 23.27 | 19.34 | 17.93 | 10.19 | 9.34 | 7.98 | 11.62 | 9.27 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 12.57 | 13.50 | 13.82 | 13.62 | 15.45 | 15.74 | 13.62 | 12.95 | 11.25 | 10.83 | 10.87 | 9.63 | 9.23 | 8.70 | 9.62 | 9.22 | 9.68 | 11.48 | 10.72 | 8.85 | 9.71 | 7.64 | |||||||
| Salesforce Inc. | 5.88 | 6.61 | 7.40 | 9.47 | 6.74 | 5.91 | 8.45 | 7.18 | 6.52 | 6.44 | 5.84 | 4.85 | 5.93 | 6.27 | 7.40 | 10.30 | 11.09 | 9.72 | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | 9.20 | 15.35 | 17.19 | 14.67 | 18.99 | 18.83 | 17.15 | 15.71 | 17.52 | 13.33 | 14.25 | 12.17 | 12.75 | 12.13 | 13.36 | 16.11 | — | — | — | — | |||||||
| Synopsys Inc. | — | 10.75 | 13.05 | 17.44 | 11.53 | 11.98 | 12.45 | 13.60 | 14.87 | 14.65 | 14.75 | 11.72 | 11.75 | 10.44 | 10.03 | 11.21 | 9.86 | 9.78 | 13.22 | 11.85 | 9.27 | 10.69 | |||||||
| Workday Inc. | 6.59 | 7.31 | 7.65 | 8.57 | 8.77 | 7.41 | 9.61 | 8.94 | 8.77 | 7.93 | 7.71 | 6.19 | 7.33 | 7.91 | 11.19 | 15.28 | 13.10 | 13.09 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
Sales per share
= (RevenuesQ2 2026
+ RevenuesQ1 2026
+ RevenuesQ4 2025
+ RevenuesQ3 2025)
÷ No. shares of common stock outstanding
= (18,044,066,000 + 18,742,125,000 + 17,596,260,000 + 17,727,871,000)
÷ 614,239,941 = 117.40
3 Closing price as at the filing date of Accenture PLC Quarterly or Annual Report.
4 Q2 2026 Calculation
P/S ratio = Share price ÷ Sales per share
= 203.55 ÷ 117.40 = 1.73
5 Click competitor name to see calculations.
The price-to-sales (P/S) ratio for the observed period demonstrates considerable fluctuation. Initially, the ratio exhibited an increasing trend from November 2020 to November 2021, followed by a sharp decline and subsequent stabilization with ongoing variability. A detailed examination of the trends is presented below.
- Initial Increasing Trend (Nov 2020 - Nov 2021)
- The P/S ratio increased from 3.75 in November 2020 to 4.72 in November 2021. This increase suggests that the market was willing to pay a progressively higher price for each dollar of sales during this period, potentially reflecting positive investor sentiment or expectations of future growth. The increase was not linear, with a more pronounced rise between May 2021 and November 2021.
- Subsequent Decline and Stabilization (Nov 2021 - May 2023)
- Following the peak in November 2021, the P/S ratio experienced a significant decrease, falling to 3.05 by May 2023. This decline indicates a reduction in the premium investors were willing to pay for sales. The most substantial drop occurred between November 2021 and February 2022. The ratio then stabilized within a relatively narrow range between 2.98 and 3.05 for several quarters.
- Recent Volatility (May 2023 - Feb 2026)
- From May 2023 onwards, the P/S ratio demonstrates increased volatility. It fluctuated between 2.15 and 3.36 over the subsequent quarters. A notable decrease is observed from May 2024 to February 2026, falling from 3.06 to 1.73. This recent decline could be attributed to various factors, including changes in market conditions, company-specific performance, or broader economic concerns. The ratio appears to be trending downwards in the most recent periods.
Overall, the P/S ratio has exhibited a complex pattern over the analyzed timeframe. The initial growth phase was followed by a substantial correction and a period of stabilization, culminating in renewed volatility and a recent downward trend. These fluctuations warrant further investigation to determine the underlying drivers and potential implications for valuation.
AI Ask an analyst for more
Price to Book Value (P/BV)
Accenture PLC, historical P/BV calculation (quarterly data)
| Feb 28, 2026 | Nov 30, 2025 | Aug 31, 2025 | May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| No. shares of common stock outstanding1 | 614,239,941 | 615,609,112 | 620,441,250 | 623,155,515 | 626,329,143 | 625,787,691 | 625,163,402 | 626,693,165 | 629,043,698 | 627,310,295 | 627,937,555 | 631,130,584 | 631,870,936 | 630,238,979 | 630,580,797 | 633,051,546 | 633,904,573 | 632,508,891 | 632,153,357 | 634,652,338 | 636,168,209 | 634,772,346 | |||||||
| Selected Financial Data (US$) | |||||||||||||||||||||||||||||
| Total Accenture plc shareholders’ equity (in thousands) | 31,210,676) | 30,867,503) | 31,195,446) | 30,554,725) | 29,246,053) | 29,190,495) | 28,288,646) | 27,744,489) | 27,122,853) | 26,676,751) | 25,692,839) | 25,332,431) | 23,762,619) | 22,974,611) | 22,106,097) | 21,389,094) | 20,560,023) | 20,353,199) | 19,529,454) | 19,342,845) | 18,308,027) | 17,906,501) | |||||||
| Book value per share (BVPS)2 | 50.81 | 50.14 | 50.28 | 49.03 | 46.69 | 46.65 | 45.25 | 44.27 | 43.12 | 42.53 | 40.92 | 40.14 | 37.61 | 36.45 | 35.06 | 33.79 | 32.43 | 32.18 | 30.89 | 30.48 | 28.78 | 28.21 | |||||||
| Share price1, 3 | 203.55 | 269.96 | 240.94 | 285.37 | 300.91 | 372.16 | 361.07 | 306.16 | 345.03 | 341.51 | 304.36 | 307.25 | 271.66 | 264.48 | 250.07 | 285.83 | 319.50 | 400.60 | 341.82 | 291.56 | 266.89 | 264.47 | |||||||
| Valuation Ratio | |||||||||||||||||||||||||||||
| P/BV ratio4 | 4.01 | 5.38 | 4.79 | 5.82 | 6.44 | 7.98 | 7.98 | 6.92 | 8.00 | 8.03 | 7.44 | 7.65 | 7.22 | 7.26 | 7.13 | 8.46 | 9.85 | 12.45 | 11.06 | 9.57 | 9.27 | 9.38 | |||||||
| Benchmarks | |||||||||||||||||||||||||||||
| P/BV Ratio, Competitors5 | |||||||||||||||||||||||||||||
| Adobe Inc. | — | — | 10.74 | 12.56 | 14.36 | 12.95 | 12.61 | 15.67 | 15.79 | 14.62 | 16.31 | 14.51 | 14.82 | 12.24 | 11.22 | 9.10 | 12.33 | 15.78 | 15.94 | 19.07 | 20.14 | 16.77 | |||||||
| AppLovin Corp. | — | — | 65.10 | 141.48 | 113.19 | 178.46 | 99.97 | 60.29 | 27.56 | 32.03 | 16.06 | 12.29 | 6.74 | 3.42 | 2.67 | 3.22 | 7.06 | 7.41 | — | — | — | — | |||||||
| Cadence Design Systems Inc. | — | — | 14.77 | 17.88 | 20.19 | 17.02 | 15.15 | 17.43 | 17.12 | 21.18 | 24.05 | 20.96 | 22.55 | 19.75 | 18.46 | 16.23 | 17.49 | 15.10 | — | — | — | — | |||||||
| CrowdStrike Holdings Inc. | 29.53 | 33.27 | 23.34 | 28.00 | 23.34 | 32.84 | 34.61 | 27.75 | 21.18 | 23.27 | 19.61 | 20.98 | 34.78 | 34.12 | 42.67 | 50.64 | 68.13 | 55.02 | — | — | — | — | |||||||
| Datadog Inc. | — | — | 11.50 | 19.50 | 14.29 | 12.55 | 15.94 | 16.08 | 15.73 | 17.81 | 21.22 | 18.59 | 17.10 | 16.30 | 17.39 | 17.33 | 29.42 | 31.03 | — | — | — | — | |||||||
| International Business Machines Corp. | — | — | 6.59 | 9.55 | 8.82 | 7.93 | 8.75 | 7.75 | 7.32 | 6.56 | 7.49 | 5.72 | 5.76 | 5.29 | 5.34 | 5.99 | 5.98 | 6.43 | — | — | — | — | |||||||
| Intuit Inc. | 5.72 | 9.18 | 9.46 | 9.23 | 8.65 | 10.48 | 9.47 | 9.87 | 10.89 | 9.31 | 8.92 | 7.16 | 7.29 | 6.64 | 7.20 | 5.97 | 8.81 | 18.30 | 15.71 | 12.05 | 12.32 | 18.11 | |||||||
| Microsoft Corp. | 9.15 | 11.09 | 11.11 | 9.13 | 10.86 | 11.18 | 11.71 | 11.72 | 12.74 | 11.13 | 11.92 | 10.52 | 9.84 | 10.77 | 12.38 | 12.40 | 13.52 | 15.32 | 15.16 | 14.67 | 13.45 | 13.07 | |||||||
| Oracle Corp. | 19.08 | 38.63 | 28.96 | 24.17 | 36.17 | 39.94 | 45.25 | 62.34 | 71.68 | 126.71 | 308.71 | — | — | — | — | — | — | — | 41.57 | 21.84 | 22.54 | 19.31 | |||||||
| Palantir Technologies Inc. | — | — | 43.07 | 68.98 | 69.33 | 47.36 | 58.42 | 25.89 | 14.70 | 12.62 | 14.90 | 12.89 | 12.41 | 7.43 | 6.94 | 6.12 | 8.63 | 6.46 | — | — | — | — | |||||||
| Palo Alto Networks Inc. | 13.24 | 14.89 | 16.29 | 16.72 | 20.77 | 22.07 | 21.15 | 22.59 | 19.43 | 35.97 | 42.84 | 50.71 | 77.94 | 99.68 | 252.00 | 141.27 | 399.29 | 100.84 | 71.88 | 35.40 | 35.42 | 36.65 | |||||||
| Salesforce Inc. | 3.79 | 4.21 | 4.59 | 6.02 | 4.26 | 3.54 | 4.94 | 4.20 | 3.71 | 3.61 | 3.13 | 2.48 | 2.89 | 2.98 | 3.37 | 4.51 | 4.70 | 5.10 | — | — | — | — | |||||||
| ServiceNow Inc. | — | — | 9.42 | 17.20 | 18.95 | 16.59 | 21.71 | 21.21 | 19.70 | 18.37 | 20.60 | 15.73 | 16.49 | 16.55 | 18.36 | 18.56 | 21.02 | 25.22 | — | — | — | — | |||||||
| Synopsys Inc. | — | 2.82 | 3.25 | 4.07 | 7.24 | 7.82 | 8.48 | 10.75 | 12.58 | 13.16 | 14.02 | 10.87 | 10.66 | 9.58 | 9.24 | 9.90 | 8.43 | 8.17 | 10.50 | 9.38 | 7.26 | 8.37 | |||||||
| Workday Inc. | 6.44 | 7.13 | 7.15 | 8.10 | 8.27 | 6.87 | 8.63 | 9.42 | 9.39 | 8.63 | 8.58 | 6.81 | 8.11 | 8.93 | 12.68 | 17.74 | 15.82 | 17.19 | — | — | — | — | |||||||
Based on: 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
1 Data adjusted for splits and stock dividends.
2 Q2 2026 Calculation
BVPS = Total Accenture plc shareholders’ equity ÷ No. shares of common stock outstanding
= 31,210,676,000 ÷ 614,239,941 = 50.81
3 Closing price as at the filing date of Accenture PLC Quarterly or Annual Report.
4 Q2 2026 Calculation
P/BV ratio = Share price ÷ BVPS
= 203.55 ÷ 50.81 = 4.01
5 Click competitor name to see calculations.
The price-to-book value (P/BV) ratio exhibits considerable fluctuation over the observed period, spanning from November 2020 to August 2025. Initially, the ratio demonstrated an increasing trend, peaking in November 2021, followed by a period of decline and stabilization, and then renewed volatility.
- Initial Increase (Nov 2020 – Nov 2021)
- The P/BV ratio increased from 9.38 in November 2020 to a high of 12.45 in November 2021. This suggests a growing investor confidence in the company’s ability to generate value relative to its book value during this timeframe. The share price increased more rapidly than the book value per share.
- Subsequent Decline (Nov 2021 – Aug 2022)
- Following the peak, the P/BV ratio experienced a substantial decline, falling to 7.13 by August 2022. This decrease coincided with a decrease in share price and a continued increase in book value per share, indicating a potential shift in market sentiment or a reassessment of the company’s valuation. The decline suggests investors were willing to pay less for each dollar of net asset value.
- Stabilization and Fluctuations (Aug 2022 – May 2024)
- From August 2022 through May 2024, the P/BV ratio exhibited a period of relative stabilization with fluctuations. It ranged between approximately 4.79 and 8.03. This period suggests a more balanced assessment of the company’s value, with the share price and book value per share moving in a more correlated manner.
- Recent Volatility (May 2024 – Aug 2025)
- The most recent period demonstrates renewed volatility. The P/BV ratio increased from 6.92 in May 2024 to 7.98 in August 2024, then decreased to 4.01 in November 2025. This suggests increased uncertainty or a more dynamic market reaction to company-specific or macroeconomic factors. The significant drop in the ratio in November 2025 is particularly noteworthy, potentially indicating a substantial correction in market valuation relative to book value.
Overall, the P/BV ratio’s trajectory indicates a dynamic valuation landscape. The ratio’s sensitivity to changes in both share price and book value per share suggests that investors are actively re-evaluating the company’s intrinsic worth over time.
AI Ask an analyst for more