Intuit (HAM:ITU) Cyclically Adjusted PB Ratio: (As of Sep. 21, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HAM:ITU Intuit Inc HAM:ITU
77 GF Score
Price €267.70
GF Value €703.69
Valuation Significantly Undervalued
! 2 Warning Signs
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What is Intuit Cyclically Adjusted PB Ratio?

Shiller PE for Stocks: The True Measure of Stock Valuation


Intuit  (HAM:ITU) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Intuit Cyclically Adjusted PB Ratio Related Terms


Intuit Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Intuit's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Intuit Cyclically Adjusted PB Ratio Chart

Intuit Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22 Jul23 Jul24 Jul25 Jul26
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 25.01 20.54 21.03 20.31 6.66

Intuit Quarterly Data
Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24 Jan25 Apr25 Jul25 Oct25 Jan26 Apr26 Jul26
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.63 17.06 12.04 8.87 7.01

HAM:ITU vs CDNS, DDOG, SNOW: Cyclically Adjusted PB Ratio Comparison

For the Software - Application subindustry, Intuit's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Intuit Cyclically Adjusted PB Ratio vs Software Industry

For the Software industry and Technology sector, Intuit's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Intuit's Cyclically Adjusted PB Ratio falls into.


HAM:ITU
77GF Score
Intuit Inc HAM:ITU
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Intuit Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Intuit's Cyclically Adjusted Book per Share for the quarter that ended in Jul. 2026 is calculated as:

For example, Intuit's adjusted Book Value per Share data for the three months ended in Jul. 2026 was:

Adj_Book=Book Value per Share/CPI of Jul. 2026 (Change)*Current CPI (Jul. 2026)
=61.505/333.9180*333.9180
=61.505

Current CPI (Jul. 2026) = 333.9180.

Intuit Quarterly Data

Book Value per Share CPI Adj_Book
201610 3.322 241.729 4.589
201701 2.840 242.839 3.905
201704 6.082 244.524 8.305
201707 4.492 244.786 6.128
201710 4.039 246.663 5.468
201801 3.626 247.867 4.885
201804 7.626 250.546 10.164
201807 9.306 252.006 12.331
201810 9.461 252.885 12.493
201901 9.405 251.712 12.477
201904 14.009 255.548 18.305
201907 12.942 256.571 16.844
201910 12.508 257.346 16.230
202001 12.909 257.971 16.709
202004 16.597 256.389 21.616
202007 16.497 259.101 21.261
202010 17.140 260.388 21.980
202101 26.644 261.582 34.012
202104 30.244 267.054 37.816
202107 30.460 273.003 37.257
202110 30.782 276.589 37.162
202201 49.158 281.148 58.385
202204 56.917 289.109 65.739
202207 57.192 296.276 64.458
202210 57.784 298.012 64.746
202301 51.972 299.170 58.008
202304 56.856 303.363 62.583
202307 55.855 305.691 61.013
202310 57.392 307.671 62.288
202401 55.586 308.417 60.182
202404 62.717 313.548 66.791
202407 60.789 314.540 64.534
202410 59.636 315.664 63.085
202501 61.722 317.671 64.879
202504 63.438 320.795 66.033
202507 61.695 323.048 63.771
202510 60.108 0.000
202601 57.722 325.252 59.260
202604 64.119 333.020 64.292
202607 61.505 333.918 61.505

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

Is Intuit (HAM:ITU) Overvalued in 2026?

Based on GuruFocus' analysis, Intuit stock appears to be undervalued. The current stock price of €267.70 is trading 62% below its estimated GF Value™ of €703.69. GuruFocus considers Intuit to be Significantly Undervalued.

Key valuation signals for HAM:ITU:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: €703.69 vs. price of €267.70 (62% below fair value)
  • GF Score™: 77/100 with 2 warning signs

No single metric tells the full story. See the HAM:ITU stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Intuit Business Description

Address 2700 Coast Avenue, Mountain View, CA, USA, 94043
Intuit serves small and midsize businesses with accounting software QuickBooks and online marketing platform Mailchimp. The company also operates retail tax filing tool TurboTax, personal finance platform Credit Karma, and a suite of professional tax offerings for accountants. Founded in the mid-1980s, Intuit enjoys a dominant market share for small-to-midsize business accounting and self-serve tax filing in the US.
77GF Score

Get the complete analysis for HAM:ITU

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€267.70
Price
€703.69
GF Value