Latest Ratios: P/E Ratio 39.7x · EV/EBITDA 22.3x · ROE 39.7%. (1997–2026 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $43.8B | $54.4B | $67.6B | $54.8B | $46.9B | $55.5B | $61.6B | $43.8B | $32.2B | $25.4B | $18.1B |
| Enterprise Value | $44.3B | $54.9B | $68.5B | $55.6B | $47.6B | $57.0B | $61.9B | $44.6B | $33.4B | $25.9B | $18.4B |
| P/E Ratio → | 39.68 | 48.35 | 60.81 | 60.58 | 56.92 | 111.51 | 51.00 | 205.05 | — | — | — |
| P/S Ratio | 6.08 | 7.54 | 11.02 | 9.97 | 9.37 | 12.64 | 16.26 | 13.38 | 12.54 | 12.34 | 8.92 |
| P/B Ratio | 14.65 | 17.85 | 25.78 | 29.55 | 40.96 | 65.31 | 63.82 | — | — | — | 24.60 |
| P/FCF | 18.19 | 22.57 | 44.89 | 42.76 | 23.16 | 37.86 | 45.94 | 32.16 | 103.91 | — | 193.32 |
| P/OCF | 17.87 | 22.17 | 42.04 | 41.75 | 22.65 | 36.21 | 42.87 | 30.95 | 85.45 | 28198.43 | 106.74 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.61 | 11.18 | 10.11 | 9.52 | 12.99 | 16.35 | 13.61 | 13.01 | 12.59 | 9.06 |
| EV / EBITDA | 22.28 | 27.58 | 44.24 | 43.85 | 41.81 | 74.39 | 82.27 | 94.77 | 476.12 | — | — |
| EV / EBIT | 24.70 | 30.58 | 50.05 | 49.25 | 46.83 | 92.21 | 103.59 | 127.78 | 3555.72 | — | — |
| EV / FCF | — | 22.77 | 45.53 | 43.34 | 23.52 | 38.90 | 46.19 | 32.73 | 107.78 | — | 196.29 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 91.0% | 91.0% | 90.6% | 90.7% | 90.4% | 90.5% | 91.1% | 90.1% | 88.9% | 85.2% | 83.2% |
| Operating Margin | 24.9% | 24.9% | 22.3% | 20.5% | 19.8% | 14.1% | 16.6% | 10.5% | -1.0% | -24.8% | -24.6% |
| Net Profit Margin | 15.6% | 15.6% | 18.1% | 16.5% | 16.4% | 11.3% | 31.9% | 6.6% | -3.1% | -27.6% | -28.7% |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 39.7% | 39.7% | 49.7% | 60.4% | 82.5% | 54.8% | 292.4% | — | — | -236.0% | -49.3% |
| ROA | 9.6% | 9.6% | 10.7% | 9.4% | 9.1% | 6.3% | 18.0% | 3.9% | -1.8% | -12.7% | -11.3% |
| ROIC | 37.8% | 37.8% | 33.3% | 38.0% | 34.9% | 25.2% | 48.9% | 31.7% | -3.0% | -60.3% | -27.0% |
| ROCE | 29.1% | 29.1% | 24.4% | 20.5% | 19.7% | 14.3% | 18.0% | 12.7% | -1.1% | -22.2% | -15.3% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.90 | 0.90 | 0.98 | 1.42 | 2.33 | 3.60 | 2.18 | — | — | — | 2.02 |
| Debt / EBITDA | 1.37 | 1.37 | 1.65 | 2.07 | 2.34 | 3.99 | 2.79 | 5.41 | 29.74 | — | — |
| Net Debt / Equity | — | 0.16 | 0.37 | 0.40 | 0.63 | 1.80 | 0.34 | — | — | — | 0.38 |
| Net Debt / EBITDA | 0.24 | 0.24 | 0.62 | 0.58 | 0.63 | 2.00 | 0.44 | 1.64 | 17.12 | — | — |
| Debt / FCF | — | 0.20 | 0.64 | 0.57 | 0.36 | 1.05 | 0.25 | 0.57 | 3.88 | — | 2.96 |
| Interest Coverage | — | — | — | — | 14.32 | 8.11 | 11.89 | 5.81 | 0.18 | -15.15 | -16.64 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.85 | 0.85 | 0.68 | 0.82 | 0.84 | 0.69 | 0.83 | 0.83 | 0.70 | 0.88 | 1.12 |
| Quick Ratio | 0.85 | 0.85 | 0.68 | 0.82 | 0.84 | 0.69 | 0.83 | 0.83 | 0.70 | 0.88 | 1.12 |
| Cash Ratio | 0.45 | 0.45 | 0.37 | 0.52 | 0.52 | 0.44 | 0.57 | 0.57 | 0.41 | 0.62 | 0.87 |
| Asset Turnover | — | 0.58 | 0.57 | 0.55 | 0.53 | 0.51 | 0.52 | 0.53 | 0.54 | 0.50 | 0.42 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 72.89 | 60.01 | 58.17 | 70.08 | 59.59 | 61.93 | 72.71 | 67.37 | 77.77 | 81.28 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.5% | 2.1% | 1.6% | 1.7% | 1.8% | 0.9% | 2.0% | 0.5% | — | — | — |
| FCF Yield | 5.5% | 4.4% | 2.2% | 2.3% | 4.3% | 2.6% | 2.2% | 3.1% | 1.0% | — | 0.5% |
| Buyback Yield | 3.2% | 2.6% | 1.3% | 1.5% | 2.3% | 1.9% | 0.9% | 1.0% | 0.9% | 2.8% | 3.4% |
| Total Shareholder Yield | 3.2% | 2.6% | 1.3% | 1.5% | 2.3% | 1.9% | 0.9% | 1.0% | 0.9% | 2.8% | 3.4% |
| Shares Outstanding | — | $215M | $217M | $216M | $218M | $222M | $222M | $223M | $219M | $220M | $223M |
Governance and accounting scrutiny
Based on recent market data, Autodesk trades at a P/E of 37.53, which appears to command a premium relative to legacy industrial software peers, suggesting investors are pricing in sustained growth from the ongoing transition to cloud-based subscription models and the integration of generative design tools.
The forward P/E of 15.58 indicates that the market anticipates significant earnings expansion, likely driven by the New Transaction Model's potential to improve direct sales margins. However, this valuation multiple remains sensitive to the ongoing internal audit committee investigation, which may be suppressing the stock's potential to trade in line with higher-growth SaaS peers.
As reported in financial statements, Autodesk's ROIC has trended upward from 7.3% in 2026Q1 to 12.0% in 2027Q1, indicating that the company is becoming more effective at generating returns on its invested capital as it scales its subscription-based AEC and manufacturing software platforms.
The improvement in ROIC suggests that the company's aggressive acquisition strategy is beginning to yield operational synergies, though the high concentration of goodwill on the balance sheet warrants careful monitoring. Investors should consider whether this return profile is sustainable if the pace of organic growth in the core AEC segment begins to moderate.
According to recent quarterly filings, Autodesk's DPO has expanded significantly from 80 days in 2024Q4 to 210 days in 2027Q1, reflecting a shift in supplier leverage that may be artificially supporting the company's cash position at the expense of its broader vendor ecosystem.
The extended DPO suggests that Autodesk is utilizing its market dominance to manage cash outflows more aggressively, which may not be sustainable in the long term. Analysts should monitor whether this trend is a structural change in payment terms or a temporary measure to bolster liquidity during the transition to the New Transaction Model.
Based on quarterly data, Autodesk has maintained a disciplined debt-to-EBITDA ratio of 4.55 as of 2027Q1, which, when compared to its historical peak of 7.71 in 2025Q1, suggests a strengthening ability to service obligations despite the company's ongoing commitment to aggressive share repurchases.
The reduction in the debt-to-equity ratio from 1.42 to 0.85 over the last ten quarters indicates a prudent approach to balance sheet management. However, the lack of consistent interest coverage data suggests that investors should remain cautious about the company's ability to navigate potential interest rate volatility without further deleveraging.
As indicated by recent financial disclosures, the P/E ratio is frequently misapplied to Autodesk, as it fails to account for the significant non-cash impact of stock-based compensation and the volatility introduced by the New Transaction Model's shift in revenue recognition timing.
Investors should prioritize FCF-based metrics over P/E, as the latter is heavily distorted by accounting adjustments that do not reflect the underlying cash-generating capacity of the business. Relying on P/E may lead to an inaccurate assessment of the company's true earning power, especially given the ongoing governance inquiries into its cash flow reporting.
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Quick answers to the most common questions about buying ADSK stock.
Autodesk, Inc.'s current P/E ratio is 39.7x. The historical average is 59.2x. This places it at the 44th percentile of its historical range.
Autodesk, Inc.'s current EV/EBITDA is 22.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 31.3x.
Autodesk, Inc.'s return on equity (ROE) is 39.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 22.1%.
Based on historical data, Autodesk, Inc. is trading at a P/E of 39.7x. This is at the 44th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Autodesk, Inc. has 91.0% gross margin and 24.9% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Autodesk, Inc.'s Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.