Using the industry peer median P/E multiple (trailing + forward), Autodesk, Inc. (ADSK) has a fair value of $277.77 based on 6 comparable companies in the Software - Application industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| Autodesk, Inc.ADSK | 51,681 | 46.0x | 23.5x |
| Synopsys, Inc.SNPS | 77,468 | 50.3x | 31.5x |
| Cadence Design Systems, Inc.CDNS | 76,822 | 69.4x | 39.9x |
| Motorola Solutions, Inc.MSI | 75,136 | 35.4x | 33.0x |
| Fortinet, Inc.FTNT | 59,767 | 33.1x | 27.0x |
| Workday, Inc.WDAY | 34,037 | 49.8x | 12.3x |
| Fair Isaac CorporationFICO | 24,747 | 39.3x | 25.1x |
| Industry Median | 44.5x | 29.3x | |
| (*) Profit after tax | 1,124 | 2,201 | |
| Equity Value | 50,059 | 69,381 | |
| (/) Outstanding shares | 215 | 215 | |
| Fair Price | $233 | $323 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.