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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 $418.41 per share. The share price was $258.51 on November 10, 2026, 38% below that value.

Inputs from the filings

Free cash flow, fiscal 2026
$11.62B
Average free cash flow, last 5 years
$9.79B
Cash
$12.83B
balance sheet of August 31, 2026
Debt
$10B
balance sheet of August 31, 2026
Diluted shares, fiscal 2026
617,498,483
Revenue growth per year, last 5 years
8.0%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear3.0%2.5%2.0%10.0%$258.58+0%
Base8.0%5.5%2.5%9.0%$418.41+62%
Bull13.0%8.0%3.0%8.0%$716.68+177%

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%$534.89$570.63$614.31$668.91$739.12
8.0%$447.83$471.01$498.40$531.27$571.44
9.0%$384.28$400.12$418.41$439.74$464.95
10.0%$335.92$347.19$359.96$374.55$391.40
11.0%$297.93$306.19$315.43$325.82$337.59

Where the presets come from

Base: years 1 to 5 grow at Accenture plc's revenue growth rate over the last 5 fiscal years (8.0% 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