INTU · Nasdaq · Services-Prepackaged Software
$334.11 · $92.5B market value · fiscal year to 31 Jul 2026
Live from the latest filings
7 of 10
Buffett tests pass
Margin of safety 19%
Bear
$231.56
Base
$413.49
Bull
$669.37
Price $334.11
7 pass · 3 mixed · 0 fail · 0 can't tell
The diluted share count has changed by 0.7% a year. Shrinking means buybacks are returning value; growing means owners are being diluted.
Why this testAt $334.11, the price is 19% below the base-case value of $413.49 (the bear case is $231.56). The standard lens asks for a 25% margin.
Why this testThe owner-earnings yield is 4.6% against a 10-year Treasury yield of 5.2%.
Why this testNo loss years across 15 years of filings, with operating margin varying by 2.8% around its average.
Why this testReturn on equity averaged 33%, reaching 15% in 9 of the years measured; the weakest year was 14%.
Why this testAfter-tax return on invested capital averaged 211% over 10 years and was 20% in the latest year.
Why this testTotal debt of $7.7B would take 1.8 yrs of normalised owner earnings to repay; operating income covers interest 23×. Both tests pass: payback within 4 years and interest cover of 8x or more.
Why this testNormalised owner earnings are $4.2B, and free cash flow has averaged 163% of reported profit.
Why this testCapital spending has averaged 0.6× depreciation; estimated maintenance capex was $0.0 last year.
Why this testEach dollar retained over the period has been matched by 3.7× of market value created ($15.3B retained in total).
Why this testDiscounted owner earnings
Bear
$231.56
Base
$413.49
Bull
$669.37
Price $334.11
| Scenario | Starting owner earnings | Growth (yrs 1–5) | Terminal | Discount | Value / share |
|---|---|---|---|---|---|
| bear | $4.2B | 6.0% | 1.5% | 9.7% | $231.56 |
| base | $4.2B | 10.0% | 2.5% | 8.2% | $413.49 |
| bull | $4.2B | 13.0% | 3.0% | 7.2% | $669.37 |
How sensitive is that?
| Discount ↓ / Growth → | 6.0% | 8.0% | 10.0% | 12.0% | 14.0% |
|---|---|---|---|---|---|
| 6.2% | $518 | $585 | $660 | $744 |
Fiscal year to 31 Jul 2026
Replicly is a research and education tool. It is not financial advice and does not recommend that you buy or sell any investment. Analyses apply Buffett-inspired principles to public data and can be wrong. Warren Buffett and Berkshire Hathaway are not affiliated with and do not endorse Replicly. Capital is at risk.
| $837 |
| 7.1% | $402 | $453 | $510 | $574 | $644 |
|---|
| 8.2% | $327 | $368 | $413 | $464 | $520 |
|---|
| 9.2% | $275 | $309 | $346 | $388 | $434 |
|---|
| 10.2% | $236 | $265 | $296 | $331 | $370 |
|---|
Green: at least 25% above the price. Amber: above it. Red: below it. n/a means the discount rate is at or below growth, where the model has no finite answer. The corners combine the most extreme assumptions, so treat them as bounds.
Discount rate: 10-year Treasury (5.2%) plus a 3% equity hurdle. Price $334.11 on 20 Oct 2026. End-of-day prices from free public sources, may be delayed or missing.
Revenue
$21.4B
Revenue growth (CAGR)
17%
Operating margin (avg)
25%
Return on equity (avg)
33%
ROIC (avg)
211%
Normalised owner earnings
$4.2B
Cash conversion
163%
Net debt
$3.0B
Debt payback
1.8 yrs
Share count change (CAGR)
0.7%
Price / earnings
20×
Owner earnings yield
4.6%