Cheap and healthy — worth a proper look.

The math shows a margin of safety, and nothing is obviously deteriorating.

Current price
$186.72
Market cap ≈ $118B
Intrinsic value
$337
range $254 – $465
Margin of safety
+81%
below fair value
4 FY16 4 FY17 5 FY18 6 FY19 8 FY20 8 FY21 9 FY22 9 FY23 9 FY24 11 FY25

What the math is really telling you. Watch whether cash flow is compounding — that, more than any single year, is what a value read hangs on.

  • Good:
    Undervalued
    Fair value ~$337 vs $187 — a margin of safety of 81%.
  • Good:
    Price is in line with its record
    Priced for ~-3%/yr, roughly what it has delivered (7.2%/yr).
  • Good:
    Revenue still growing
    Up 7.4% last year — demand isn't the problem.
  • Good:
    Cash flow compounding
    Free cash flow up ~7.2%/yr — the engine is growing.
  • Good:
    Fortress balance sheet
    Net cash positive (+$6B) — little solvency risk.

Where this number comes from →

How this was built. Every figure is computed from Accenture plc's SEC filings — no estimates, no AI. Two-stage DCF: 9% discount rate, 5% free-cash-flow growth for 10 years, 2.5% terminal. Free cash flow is operating cash flow less capital spending. Net cash is cash and marketable securities less borrowings, commercial paper and finance leases; operating leases are disclosed but never counted as debt. Fundamentals are from the FY25 annual report and change only when a new one is filed. Price of $186.72 taken 2026-09-04 (Google Finance, manual entry, 2026-08-28) — it is not live and does not move during the day.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →