Accenture plc
ACN · Technology · $90.8B mkt cap · FY2025 filings · Narrow moat
Wonderful & reasonably priced
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
- 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.