Autodesk's forward earnings multiple is set to fall by nearly a third over the next two years even if its share price stays flat. At about $251.66, the stock trades at roughly 25.7 times trailing adjusted earnings, but consensus estimates put it at about 19.6 times fiscal 2027 earnings and 17.6 times fiscal 2028 earnings, a 31% decline. Analysts expect earnings to grow about 20.7% annually over the two years while revenue grows about 9.7%, with the gap driven by assumed margin expansion. The company's largest-ever acquisition, MaintainX, is not yet in guidance; the roughly $3.6 billion cash deal is expected to close later in fiscal 2027 and will dilute margins, though management says the impact will be absorbed within existing margin goals. If the market settles on a multiple of about 18.6 times fiscal 2028 earnings, the stock would be worth about $266, roughly 6% above current levels.
Autodesk IncArticle discusses Autodesk's forward multiple decline and earnings growth, but no explicit positive or negative catalyst; valuation analysis only.
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