Accenture PLC (ACN) intrinsic value & 10-year financials
Accenture PLC (ACN) has a Graham intrinsic value of $241.93 per share. At $229.68 on Oct 17, 2026, the stock trades 5% below that value. Over the last 10 fiscal years revenue grew 8.0% a year to $69.7B, with an average return on invested capital of 67.2%.
- Graham intrinsic value
- $241.93
- Share price (Oct 17, 2026)
- $229.68
- Price vs Graham value
- 5% below
- Market cap
- $145.3B
- Revenue (FY2025)
- $69.7B
- Revenue growth (10-yr CAGR)
- 8.0%
- ROIC (10-yr avg)
- 67.2%
- Free cash flow (FY2025)
- $10.9B
ACN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $69.7B | $7.7B | $12.15 | $10.9B | 14.7% | 32.3% |
| FY2024 | $64.9B | $7.3B | $11.44 | $8.6B | 14.8% | 36.5% |
| FY2023 | $64.1B | $6.9B | $10.77 | $9.0B | 13.7% | 43.4% |
| FY2022 | $61.6B | $6.9B | $10.71 | $8.8B | 15.2% | 55.2% |
| FY2021 | $50.5B | $5.9B | $9.16 | $8.4B | 15.1% | 58.5% |
| FY2020 | $44.3B | $5.1B | $7.89 | $7.6B | 14.7% | 58.7% |
| FY2019 | $43.2B | $4.8B | $7.36 | $6.0B | 14.6% | 71.5% |
| FY2018 | $41.6B | $4.1B | $6.34 | $5.4B | 14.0% | 82.5% |
| FY2017 | $36.8B | $3.4B | $5.44 | $4.5B | 12.6% | 95.9% |
| FY2016 | $34.8B | $4.1B | $6.45 | $4.1B | 13.8% | 137.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Accenture has demonstrated mature, steady growth, with revenue compounding at 8.0% annually over the past decade.
Accenture has earned high returns on invested capital, averaging 67.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Accenture has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Accenture is modeled at 7.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $241.93 per share.