In the current market session, Intuit Inc. (NASDAQ:INTU) price is at $585.00, after a 1.30% increase. However, over the past month, the stock decreased by 2.23%, and in the past year, by 4.35%. Shareholders might be interested in knowing whether the stock is undervalued, even if the company is performing up to par in the current session.

Intuit P/E Compared to Competitors

The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued.

Compared to the aggregate P/E ratio of the 366.36 in the Software industry, Intuit Inc. has a lower P/E ratio of 54.02. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued.