−31% below 5y medianEV / revenue vs. its own five years
Board median EV / revenue10.2×five-year median 11.8× · −14%
Median Rule of 405321 of 24 above the line
Median revenue growth18%a year ago 15% · accelerating
Median SBC / revenue11%FCF margin 30% → 16% ex-SBC
Lights on0 of 3prices Oct 16, 2026 · TTM through Aug 31, 2026
Against the line
growth + FCF margin, in points
line 40score 54
growth 18 ptFCF margin 36 pt
Growth +18% plus FCF margin +36% is 54 points, 14 above the line at 40. Counting the stock as an expense: 45 points.
Where it has traded
quarter-end EV / revenue · 20 quarters · Oct 31, 2021 → Jul 31, 2026
Five-year median 9.4×, middle half 8.3–10.1×, range 6.3–17.0×. Now 6.5×: −31% below its own median, higher than 5% of those quarters.Each quarter at its own close, shares and balance sheet · the band is the 25th–75th percentile
What the cash flow really is
TTM through Jul 31, 2026 · $B
FCF 2.83B − SBC 0.71B = 2.13B ex-SBC · operating income 2.15B is the GAAP figure after SBC
Against its scale group
ADSK (blue) vs. the other Large companies on the board (14), grey
Revenue growth+18% vs. +27%
Gross margin91% vs. 74%
FCF margin+36% vs. +33%
SBC / revenue9% vs. 15%
Rule of 4054 vs. 60
EV / revenue6.5× vs. 19.6×
Group averages are the plain mean of the other companies in the same scale group with a usable window.
Quarter by quarter
8 quarters · Oct 31, 2024 → Jul 31, 2026 · a gap is a dropped quarter