Automatic Data Processing, Inc. (ADP)
NASDAQ · Industrials · market cap 108.44B
Share price
$298.78
At the last nightly close
Intrinsic value
$391.75
$240.34 before any credit for growth. The figure above is $240.34 × 1.63, the credit the franchise record earns.
Margin of safety
+31.1%
($391.75 − $298.78) ÷ $298.78
EV / EBIT
41.0
On the median operating profit of 14 fiscal years through 2026.
How these numbers are computed
The valuations are calculated in Python from filed accounts, not written by a language model. Three methods run side by side: earnings power value, which capitalises a normalised operating profit; a free-cash-flow model; and the Graham Number as an asset-side cross-check. The conservative figure above starts from the lower of the first two; the Graham Number never enters it.
The frame gives no credit for growth unless the company has earned it: only a return on invested capital that has beaten the cost of capital year after year earns a growth credit, and that credit is capped. A company that compounds will therefore usually read as expensive against it — that is deliberate. It is a price-discipline floor, not a price target, and it is not a view on what the shares will do.
The EV/EBIT ranking uses the median operating profit of up to fifteen fiscal years — a full cycle — where the free screeners use the last twelve months. When the data cannot support a method, the figure reads n/a rather than a number: a free-cash-flow valuation on a bank, a PEG on erratic earnings, a multiple on a company with no operating profit to speak of.
Fundamentals from SEC EDGAR. Prices, market data and technicals from yfinance. Valuation computed 2026-09-03.
Key metrics
Market position
Annual financials
| Period | Revenue | Operating income | Net income | EPS | Free cash flow |
|---|---|---|---|---|---|
| 2026-FY | 21.95B | 5.78B | 4.41B | 10.97 | 4.78B |
| 2025-FY | 20.56B | 5.41B | 4.08B | 10.02 | 4.39B |
| 2024-FY | 19.20B | 4.95B | 3.75B | 9.14 | 3.59B |
| 2023-FY | 18.01B | 4.51B | 3.41B | 8.25 | 3.64B |
| 2022-FY | 16.50B | 3.72B | 2.95B | 7.00 | n/a |
Filed figures from SEC EDGAR, in the reporting currency.
Next earnings
Recent news
- Automatic Data Processing (Nasdaq:ADP) - Stock Analysis - Simply Wall Stsimplywall.st
- Automatic Data Processing, Inc. Stock Priceperplexity.ai
- ADP Earnings: Latest Report, Earnings Call & Financialspublic.com
- Earnings call transcript: ADP Q2 2026 beats EPS forecast, stock dips By Investing.cominvesting.com
- Automatic Data Processing, Inc. (ADP) Stock Price, News, Quote & History - Yahoo Financefinance.yahoo.com
Headlines link to their source. Sperio does not republish article text.
The figures above are the arithmetic. To see what a board of eight AI agents makes of them — macro, sector, filings, news and a devil's advocate whose only job is to attack the thesis — run the full analysis on ADP.
Run the board on ADP10 free analyses · no signup, no card
This page presents computed figures and filed financial data for information only. It is not investment advice, not a recommendation to buy or sell any security, and not a statement about what these shares will do. Sperio is a research tool, not an investment adviser. Figures are derived automatically from public filings and market data and may be incomplete, out of date or wrong. See the Terms & Disclaimer.