The Moat Index

Accenture plc

ACN · Technology · $90.8B mkt cap · FY2025 filings · Narrow moat

Wonderful & reasonably priced

75/ 100
Narrow moat

The four filters

Pricing power56

Median gross margin 31.7% over 10y, very stable.

Returns on capital100

Median ROIC 54.6%, above the 9% hurdle in 100% of years.

Balance-sheet safety73

Net debt/EBITDA n/ax, interest coverage 45x.

Capital discipline68

Owner earnings +5.6%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale
19% below value
Owner earnings (normalized)
$7.5B
Est. intrinsic value / share
$177.40
Recent price
$143.59
Discount to value
19% below value

Conservative model: 9% discount rate, 2% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Accenture plc (ACN) Moat Score — The Moat Index · Buy Like Buffett