Autodesk, Inc. (ADSK) stock analysis
Close on Nov 12, 2026Market cap $54.23BP/E 33.6Yield –
StockData Score
Prices as of Nov 11, 2026How the score works
Solid17 of 30 checks passed
Autodesk passes 17 of the 30 checks behind our score; 6 could not be run for lack of data and count as not passed. Each dot in the shape is one check — hover it for the numbers.
- Valuation
- 3/6
- Growth
- 6/6
- Past performance
- 5/6
- Financial health
- 3/6
- Dividend
- 0/6
What stands out
Trading below fair value
The share price of $260.01 is below our fair value estimate of $324.50.
Return on equity over 15%
Return on equity was 53.9% over the last twelve months and averaged 57.4% over five years.
Return on capital over 10%
Return on invested capital was 61.6%, above the 10% that usually covers the cost of capital.
Revenue growing 10%+ a year
Revenue grew 12.9% a year over the last three fiscal years.
What to watch
Margin of safety under 20%
The price is 19.9% below fair value, less than the 20% cushion we look for.
High debt
Debt is 88.1% of shareholders' equity, above the 40% we consider low.
Earnings shrank over 5 years
Net income shrank 1.4% a year on average over the last five fiscal years.
P/E above the industry
Autodesk's P/E of 33.7 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 27.6.
Valuation3/6
P/E below its 5-year median
Autodesk's P/E of 33.7 is below its own 5-year median of 55.6.
P/E above the industry
Autodesk's P/E of 33.7 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 27.6.
EV/EBITDA below its 5-year median
Autodesk's EV/EBITDA of 23.7 is below its 5-year median of 41.4.
P/B above the industry
Autodesk's price-to-book of 16.06 is above the Computer Programming, Data Processing, and Other Computer Related Services median of 3.32.
Trading below fair value
The share price of $260.01 is below our fair value estimate of $324.50.
Margin of safety under 20%
The price is 19.9% below fair value, less than the 20% cushion we look for.
Growth6/6
Revenue growing 10%+ a year
Revenue grew 12.9% a year over the last three fiscal years.
EPS growing 10%+ a year
Diluted EPS grew 11.4% a year over the last three fiscal years.
Earnings growth accelerating
Net income grew 57.4% over the last twelve months, against a 5-year average of -1.4% a year.
Growing faster than the industry
Revenue grew 17.9% over the last twelve months; the Computer Programming, Data Processing, and Other Computer Related Services median is 9.6%.
Guidance raised
Autodesk raised its FY27 Revenue (in millions) outlook on Aug 27, 2026.
Gross margin improving
Gross margin was 91.2% over the last twelve months, against 90.6% a year earlier.
Past performance5/6
Return on equity over 15%
Return on equity was 53.9% over the last twelve months and averaged 57.4% over five years.
Return on capital over 10%
Return on invested capital was 61.6%, above the 10% that usually covers the cost of capital.
Return on equity above the industry
Autodesk's return on equity of 53.9% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -1.2%.
Earnings shrank over 5 years
Net income shrank 1.4% a year on average over the last five fiscal years.
Net margin above its 5-year average
Net margin was 21.1% over the last twelve months, against a 5-year average of 15.6%.
Net margin above the industry
Autodesk's net margin of 21.1% is above the Computer Programming, Data Processing, and Other Computer Related Services median of -4.8%.
Financial health3/6
High debt
Debt is 88.1% of shareholders' equity, above the 40% we consider low.
Debt falling against equity
Debt to equity fell from 170% five years ago to 88.1%.
Debt covered by cash flow
Operating cash flow over the last twelve months equals 97.2% of total debt.
Interest coverage
Interest expense is not reported separately.
Short-term assets don't cover short-term debts
Current assets are 0.86 times current liabilities.
Low bankruptcy risk
The Altman Z-score is 4.29; above 3 is the safe zone and below 1.8 the distress zone.
Dividend0/6
No dividend
Autodesk has not paid a dividend in the last twelve months.
Yield against Treasuries
No dividend.
Yield against the market
No dividend.
Dividend stability
No dividend.
Earnings cover
No dividend.
Cash-flow cover
No dividend.
Fair value
How we estimate itOur estimate per share
$324.50
The share price is 20% below this estimate.
| Method | Multiple used | Own 5Y median | Industry median | Value per share | Weight |
|---|---|---|---|---|---|
| P/E | 41.7× | 55.6× | 27.6× | $321.93 | 53% |
| EV/EBITDA | 30.0× | 41.4× | 18.8× | $327.44 | 47% |
| Earnings powerleft out, too far from the others | 11.9% cost of equity | – | – | $70.63 | – |
| Fair value | $324.50 | 100% | |||
Valuation over time
Using the earnings and balance sheet published at each date, not today's.
- P/E at month end
- Own 5-year median 55.6
- Computer Programming, Data Processing, and Other Computer Related Services median 27.6
An estimate from reported numbers and market multiples, not a price target or investment advice. It can be far off for companies whose profits are about to change sharply.
Market risk
From the past year of daily prices.
Liquidity
Low risk
- Average value traded per day
- $482.29M
- Value traded per 1% price move
- $258.44M
Downside
Medium risk
- Typical loss in a bad month
- 20.8%
- Volatility (annualized)
- 40%
- Sharpe ratio, 1 year
- -0.43
- Beta to the S&P 500 (5Y)
- 1.40
Typical bad-month loss, week by week
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
Operating margin
Net margin
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +17.5% | +12.9% | +13.7% | +11.1% | |
| Gross profit | +18.1% | +13.2% | +13.7% | +11.9% | |
| Operating income | +16.5% | +16.9% | +20.2% | +103.4% | |
| Net income | +1.1% | +10.9% | -1.4% | – | |
| EPS, diluted | +2.1% | +11.4% | -0.8% | – | |
| Free cash flow | +53.7% | +5.9% | +12.3% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | -49.5% | 292.5% | 39.7% | |
| Return on assets | -11.3% | 18.0% | 9.6% | |
| Current ratio | 1.13 | 0.81 | 0.85 | |
| Debt to equity | 1.49 | 1.70 | 0.82 | |
| Net debt to EBITDA | 0.34× | -0.18× | 0.13× | |
| Interest coverage | – | – | 19.7× | |
| Capex to revenue | – | 2.4% | 0.6% | |
| Diluted shares | 223M | 222M | 215M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Autodesk generated $8.97B from operations and spent $5.44B on capital expenditure, dividends and share buybacks. 4% of that went back into the business.
DuPont analysis
Return on equity split into margin, efficiency and leverage
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 15.6% | 0.62× | 4.11× | 39.7% |
| FY2025 | 18.1% | 0.59× | 4.63× | 49.7% |
| FY2024 | 16.5% | 0.57× | 6.45× | 60.4% |
| FY2023 | 16.4% | 0.55× | 9.05× | 82.5% |
| FY2022 | 11.3% | 0.55× | 8.76× | 54.8% |
| FY2021 | 31.9% | 0.56× | 16.29× | 292.5% |
| FY2020 | 6.6% | 0.60× | -31.18× | -122.6% |
| FY2019 | -3.1% | 0.58× | -18.94× | 34.6% |
| FY2018 | -27.6% | 0.46× | 18.66× | -237.4% |
| FY2017 | -28.7% | 0.39× | 4.38× | -49.5% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
- ProfitableNet income above zero$1.12B
- Cash generatingOperating cash flow above zero$2.45B
- Return on assets improvedROA up on the prior year11.2% → 10.4%
- Earnings backed by cashOperating cash flow above net income$2.45B vs $1.12B
- Less leverageLong-term debt to assets fell18.3% → 19.9%
- Better liquidityCurrent ratio rose0.68 → 0.85
- No dilutionShare count did not rise217M → 215M
- Gross margin improvedGross margin up on the prior year90.57% → 90.98%
- More efficientAsset turnover rose0.62 → 0.67
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