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ACN trades against a final fair-value range of $186.15-$261.24, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs. Fair value range: low $186, high $261, with mid-point at $223.
Stock analysis

ACN Accenture plc fair value $223–$261

ACN
By StockMarketAgent.AI team· supervised by
分析日: 2026-05-10次回更新: 2026-08-10Methodology v2.4Archetype: Mature dividendNYSE · Information Technology
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株価
$180.42
▲ +43.03 (+23.85%)
公正価値
$223
$223–$261
評価
買い
confidence 88/100
上昇余地
+23.9%
upside to fair value
安全余裕率
$189.93
buy below · 15%
時価総額
$111.0B
P/E fwd 12.1
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§1 エグゼクティブサマリー

  • Composite fair value $223 with high case $261.
  • Implied upside of 23.9% to fair value.
  • Moat 9/10 · confidence 88/100 · Mature dividend.
  • Trades below fair value with a meaningful cushion to the midpoint.
Fair value
$223
Margin of safety
+19.3%
Confidence
88/100
Moat
9/10

Educational analysis only — not financial advice. Always do your own due diligence.

$180.42Price
FV $223.45
High $261.24

ACN trades against a final fair-value range of $186.15-$261.24, with the midpoint set by the accepted valuation synthesis rather than earlier draft model outputs.

  • High switching costs associated with
    High switching costs associated with deeply integrated enterprise IT and ERP systems.
  • Intangible assets derived from specialized
    Intangible assets derived from specialized industry expertise and a massive global delivery network.
  • Bull thesis
    The market is over-penalizing near-term macro headwinds, ignoring Accenture's deep structural integration into critical enterprise workflows.

§2 ベアケース

A severe macroeconomic downturn triggers sweeping IT budget freezes, stalling cloud migrations and AI projects. Revenue contracts while high fixed labor costs compress operating margins below historical norms, dragging fair valueFair valueOur composite estimate of intrinsic per-share value, blended across DCF, exit-multiple, and reverse-DCF methods. Reported as a low/mid/high range to capture model uncertainty. down to the $186 floor.

このテーゼが崩れる経路

AI Displacement

· Medium

Agentic AI systems automate core coding and BPO tasks, collapsing Accenture's billable hour model and shrinking total addressable market.

FV impact
-25%
Trigger
3-5 years

Cloud Maturation

· High

Enterprise cloud migrations conclude sooner than expected, leaving a massive structural growth void unfulfilled by new AI initiatives.

FV impact
-15%
Trigger
2-3 years

Margin Collapse

· Low

Intense wage inflation and talent retention costs in global delivery centers severely compress historical operating margins.

FV impact
-20%
Trigger
1-2 years
監視すべき早期警戒シグナル
指標現在トリガーしきい値
Sequential declines in book-to-bill ratios consistently below 1.0x.MonitorDeterioration versus the report thesis
Unplanned, structural increases in bench time and utilization rate drops.MonitorDeterioration versus the report thesis
Deteriorating pricing power on large-scale managed services outsourcing contracts.MonitorDeterioration versus the report thesis
Rising voluntary attrition rates among key senior technical staff.MonitorDeterioration versus the report thesis
Slowing growth in the high-margin Song and Industry X divisions.MonitorDeterioration versus the report thesis

§3 財務履歴

損益計算書 — 直近6期
項目T−0T−1T−2T−3CAGR
期間2022-08-312023-08-312024-08-312025-08-31Trend
売上高$61.59B$64.11B$64.90B$69.67B+4.2%
売上総利益$19.70B$20.73B$21.16B$22.24B+4.1%
営業利益$9.37B$9.87B$10.03B$10.84B+5.0%
純利益$6.88B$6.87B$7.26B$7.68B+3.7%
EPS (希薄化後)$10.71$10.77$11.44$12.15+4.3%
EBITDA$10.27B$10.25B$10.84B$11.87B+4.9%
研究開発
販管費$10.33B$10.86B$11.13B$11.39B+3.3%

品質スコア

Piotroski F-スコア
5 / 9
0–9 品質コンポジット
Altman Zスコア
4.4
倒産リスク (>3 で安全)
Beneish Mスコア
-2.75
利益操作リスク
OCF / 純利益
1.49×
>1 は利益の質が高いことを示す
会計品質ゲート
Pass
セクター調整後ゲート
ROIC
21.1%
投下資本利益率
セクション 3

Numbers analysis

資本配分

Capital allocation should be evaluated against reinvestment needs, balance-sheet strength, and shareholder returns.

個人サブスクライバー — §4以降11セクション追加

完全な分析を読む — 11セクション追加。

Competitive moat, industry cycle, peer comparison, intrinsic valuation, sensitivity, scenarios, earnings decision tree, position management, investor perspectives, scorecard, and final recommendation.

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FAQ

ACN — frequently asked questions

  1. Based on our latest analysis, ACN looks meaningfully undervalued. The current price is $180 versus a composite fair-value midpoint of $223 (range $186–$261), which implies roughly 23.9% upside to the midpoint.
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