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What is accretion/dilution analysis?

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What is accretion/dilution analysis?


Accretion dilution analysis allows the M&A analyst to see if the combined EPS of the target and acquiring company (Proforma EPS) post acquisition is higher or lower than the standalone EPS of the acquirer before the acquisition.

Accretion is when Pro forma EPS > Acquirer’s stand-alone EPS

  • Dilution is when Pro forma EPS < Acquirer’s standalone EPS

  • Breakeven is when Pro forma EPS = Acquirer’s standalone EPS

  • Impact is typically based on street consensus of EPS




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