Accenture plc ACN
Accenture trades at 15.0x earnings and 9.0x EV/EBITDA — roughly 60–63% below peer medians of 38.3x and 24.7x — while FY2025 (ended 2025-08-31) delivered 7.4% revenue growth to $69.7B, a 15.6% FCF margin, and $10.87B in free cash flow, making the valuation difficult to argue against. However, the stock has rallied from the mid-$140s to $189.61 as of 2026-08-28, RSI sits at 66.5, and it remains below its 200-day MA of $204.29, suggesting much of the recovery is already priced in.
Smart money has turned slightly negative (score -0.07 as of 2026-06-30, down from +0.135 in Q4 2025) and total debt nearly doubled to $8.18B from $4.12B year-over-year, tempering enthusiasm despite the cheap multiple and active mid-market M&A strategy (COMWARE, McCoy acquisitions). The call is hold: the fundamental floor is solid, but the near-term setup is mixed enough that waiting for a better entry or clearer FY2026 acceleration is prudent.
What could go wrong
- Debt expansion. Total debt rose from $4.12B in FY2024 to $8.18B in FY2025, nearly doubling; if M&A integration underperforms, leverage could pressure returns.
- Margin compression. Gross margin slipped from 32.6% in FY2024 to 31.9% in FY2025, and operating margin dipped from 14.8% to 14.7%, a subtle but concerning trend if wage inflation or AI-driven pricing pressure accelerates.
- Smart money outflow. Smart money score deteriorated from +0.135 (Q4 2025) to -0.0706 (Q2 2026) with fund count dropping from 64 to 61, indicating institutional positioning is softening.
- Overbought technicals. RSI at 66.5 and the stock trading well above its 50-day MA of $155.49 but below its 200-day MA of $204.29 creates a vulnerable setup for a pullback.
What would change my mind
Where this comes from: FMP FY2025 annual + derived_metrics · peer_relative composite · FMP FY2024 and FY2025 annuals · derived_metrics FY2024 vs FY2025. Orin's read on ACN; not advice.
Twelve months actual closes to 2026-09-23 · actual filings
50-day average 200-day average · volume below
On file
All ACN filingsLargest holders · 13F Q2 2026
Money flow| Filer | Position | Of fund |
|---|---|---|
| Vanguard Capital Management | $5.0B | 0.1% of fund |
| State Street | $3.8B | 0.1% of fund |
| Charles Schwab Investment Management | $2.7B | 0.4% of fund |
| Vanguard Portfolio Management | $2.5B | 0.1% of fund |
| Geode Capital Management | $2.0B | 0.1% of fund |
| Morgan Stanley | $1.5B | 0.1% of fund |
124 filers · quarter ended Q2 2026 · positions, not flows
Insiders, last 24 months: 494 Form 4 filings, net −$33.0M. Of the 50 on hand, 0 were open-market purchases and 6 sales— the rest are grants, option exercises and tax withholding.
Ask Orin about ACN
Orin answers questions about ACN from its filings, transcripts and numbers — with the source behind every claim. Your own desk starts with 3 free days, card required.
Start 3 free days →Where it trades
| Metric | Now | Own median | Sector |
|---|---|---|---|
| P/E | 14.5× | 29.6× | 53.3× |
| EV/EBITDA | 8.7× | 19.3× | — |
| P/S | 1.54× | 3.18× | — |
| P/B | 3.5× | 7.9× | — |
Its P/E sits below all 5 of the last 5 years (−2.89σ from its own mean).
-1.4%
free-cash-flow growth every year for 10 years, discounted at 10%, is what today’s price implies — starting from $10.9B of trailing free cash flow. It is an assumption the market is making, not a forecast Orin is making.
What Wall Street published
$204
$140 – $275 · +11% against today's price
- 34 buy or overweight
- 18 hold
- 1 underweight or sell
The analysts’ consensus and their own ratings, not Orin’s. A target is a twelve-month opinion published by the firm that wrote it.
Against the companies it is compared to
| Company | Market cap | P/E | EV/EBITDA | Gross | Net | ROE |
|---|---|---|---|---|---|---|
| ACNAccenture plc | $112B | 14.5× | 8.7× | 32.0% | 10.7% | 25% |
| ADBEAdobe Inc. | $96B | 13.4× | 9.6× | 89.1% | 28.0% | 63% |
| AMATApplied Materials, Inc. | $377B | 40.6× | 33.1× | 49.4% | 30.1% | 40% |
| APHAmphenol Corporation | $203B | 39.1× | 23.1× | 38.5% | 17.8% | 37% |
| KLACKLA Corporation | $245B | 51.0× | 43.4× | 61.3% | 35.6% | 85% |
| LDOSLeidos Holdings, Inc. | $16B | 11.5× | 9.4× | 17.4% | 7.9% | 28% |
| PANWPalo Alto Networks, Inc. | $321B | — | — | 70.4% | 2.7% | 2% |
| QCOMQUALCOMM Incorporated | $207B | 22.5× | 16.2× | 54.2% | 21.0% | 37% |
| TXNTexas Instruments Incorporated | $249B | 41.2× | 28.5× | 58.3% | 31.1% | 36% |
The median is of the 7 peers listed above and nothing else — check it against the column. This company trades 62.8% below it. The peer set is the vendor’s, so a company can appear here that a person would not have chosen.
What it has traded at
What its sector has traded at
Two scales, drawn separately on purpose: a sector median and one company’s multiple are not the same number and putting them on one axis invites a comparison neither series supports.
Every estimate on one scale
The vertical rule is the current price. Ranges and point estimates are the backend’s, published as they were calculated; an arrow means the estimate sits beyond this scale, and its number is on the right.