Intuit Inc. (INTU) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+52.1%

$540.33

vs $355.17 price

Levered DCF

$782.69

After debt service

Piotroski score

7 / 9

Strong

Altman Z-score

5.12

Safe zone

Rating

Overall 4 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	19.12×	56.81×	61.19×	60.34×	60.77×	69.37×	43.77×	46.3×
P/B	4.59×	11.15×	9.83×	8.33×	7.64×	14.5×	15.66×	19.23×
P/S	4.07×	11.67×	11.13×	10.01×	9.87×	14.85×	10.41×	10.63×
EV / EBITDA	12.78×	37.96×	40.21×	36.51×	38.68×	48.51×	31.75×	33.2×
Gross margin	80.2%	79.6%	78.7%	78.1%	81.1%	82.5%	82.1%	82.8%
Operating margin	28.8%	26.2%	22.3%	21.9%	20.2%	26.0%	28.3%	27.3%
Net margin	21.3%	20.5%	18.2%	16.6%	16.2%	21.4%	23.8%	23.0%
Current ratio	1.51×	1.36×	1.29×	1.47×	1.39×	1.94×	2.26×	1.83×
Debt / equity	0.44×	0.34×	0.36×	0.39×	0.46×	0.25×	0.71×	0.12×
Interest coverage	24.13×	19.99×	15×	12.67×	31.74×	86.21×	155.43×	123.6×
Dividend yield	1.5%	0.5%	0.6%	0.6%	0.6%	0.5%	0.7%	0.7%
Payout ratio	29.5%	30.7%	34.9%	37.3%	37.5%	31.3%	30.7%	32.2%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	24.0%	19.6%	16.1%	13.8%	12.6%	20.9%	35.8%	41.5%
Return on invested capital	16.8%	14.8%	12.0%	10.4%	8.5%	15.6%	20.6%	35.1%
Return on assets	12.4%	10.5%	9.2%	8.6%	7.4%	13.3%	16.7%	24.8%
Free cash flow yield	9.9%	2.8%	2.6%	3.3%	2.9%	2.2%	2.8%	3.0%
Earnings yield	5.2%	1.8%	1.6%	1.7%	1.6%	1.4%	2.3%	2.2%
Enterprise value	$91B	$223.6B	$184.2B	$147.6B	$130.3B	$143B	$77.2B	$70.4B
Net debt / EBITDA	0.52×	0.64×	0.65×	0.95×	1.41×	-0.03×	-1.15×	-0.79×
Cash conversion cycle (days)	49	-37	-46	-46	-82	-111	-73	-78