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DCF valuation

What is Accenture plc worth?

With the base-case assumptions below, a discounted cash flow model on Accenture plc's reported free cash flow gives $417.53 per share. The share price was $176.11 on September 25, 2026, 58% below that value.

Inputs from the filings

Free cash flow, fiscal 2025
$10.87B
Average free cash flow, last 5 years
$9.14B
Cash
$10.17B
balance sheet of May 31, 2026
Debt
$5.03B
balance sheet of May 31, 2026
Diluted shares, fiscal 2025
632,435,108
Revenue growth per year, last 5 years
9.5%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear4.5%3.5%2.0%10.0%$262.74+49%
Base9.5%6.0%2.5%9.0%$417.53+137%
Bull14.5%9.0%3.0%8.0%$726.10+312%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$533.96$569.78$613.57$668.30$738.66
8.0%$446.86$470.09$497.55$530.49$570.76
9.0%$383.32$399.20$417.53$438.91$464.18
10.0%$334.99$346.29$359.09$373.72$390.60
11.0%$297.07$305.35$314.60$325.01$336.81

Where the presets come from

Base: years 1 to 5 grow at Accenture plc's revenue growth rate over the last 5 fiscal years (9.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

Accenture plc company page