Adobe Inc. (ADBE)

NASDAQ: ADBE · USD

$250

+1.17 (+0.5%)· Recorded snapshot

المصدر الإنجليزيAR

يتم عرض المصدر الإنجليزي أثناء الترجمة

لم تتم ترجمة هذا التقرير بعد. قم بالتحديث خلال بضع دقائق بمجرد أن تلحق قائمة انتظار الترجمة بالركب.

StockMarketAgent Research · Analyzed 2026-10-18

Our latest published analysis: ADBE rated Strong Buy

Adobe Inc.'s published Strong Buy conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$426 / share

Potential value

$505 / share

Upside to FV

+73.8%

from $250

Moat

9/10

Wide

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$95.4B
Revenue (ttm)	26B
Net income (ttm)	7.3B
EPS (ttm)	$17.9
Shares out	389.2M
P/E (trailing)	13.9x
P/E (forward)	8.7x
Volume	2,089,815
Beta	1.42

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 26B
Net income (ttm): 7.3B
EPS (ttm): $17.9
P/E (trailing): 13.9x
P/E (forward): 8.7x
Market cap: $95.4B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-03	2022-12-02	2023-12-01	2024-11-29	2025-11-28	Trend
Revenue	$15.79B	$17.61B	$19.41B	$21.51B	$23.77B	+10.8%
Gross profit	$13.92B	$15.44B	$17.06B	$19.15B	$21.22B	+11.1%
Operating income	$5.80B	$6.10B	$6.65B	$6.74B	$8.71B	+10.7%
Net income	$4.82B	$4.76B	$5.43B	$5.56B	$7.13B	+10.3%
EPS (diluted)	$10.02	$10.10	$11.82	$12.36	$16.70	+13.6%
EBITDA	$6.68B	$6.95B	$7.78B	$7.96B	$9.82B	+10.1%
R&D	$2.54B	$2.99B	$3.47B	$3.94B	$4.29B	+14.0%
SG&A	$1.09B	$1.22B	$1.41B	$1.53B	$1.57B	+9.7%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AAPL	Apple Inc.	5T	39.4x	10.8x	101.6%	+6.1%	+28.5%	بيع
ABNB	Airbnb, Inc.	97.8B	37.5x	7.4x	16.8%	+24.4%	+28.5%	بيع
ADP	Automatic Data Processing, Inc.	113B	25.3x	5.1x	62.8%	+7.7%	+4.5%	احتفاظ
ACN	Accenture plc	144.3B	18.0x	2.0x	27.9%	+8.0%	+0.4%	احتفاظ
ADI	Analog Devices, Inc.	207.6B	50.9x	14.8x	11.0%	+16.4%	+76.9%	بيع
AI	C3.ai, Inc.	2B	—	8.4x	-35.6%	+3.6%	-33.6%	بيع

Base and Bull scenarios

Bull20%

Price target

$505.04

+106.0% from spot

Enterprise adoption of Firefly and agentic content generation accelerates, driving Creative Cloud ARR and freemium conversion well beyond base projections. Monetization of GenStudio and AI credit consumption expands non-GAAP operating margins while cross-selling between Digital Media and Digital Experience accelerates enterprise net retention. Sustained aggressive share repurchases steadily reduce diluted share count annually.

Revenue growth expands at 14-16% annually driven by rapid freemium conversion and enterprise AI credit monetization
Non-GAAP operating margins expand toward 46-48% as software operating leverage outpaces inference compute costs
Annual share repurchases exceed $10B, retiring 2.5% of outstanding shares annually,
Terminal valuation multiple re-rates toward historical software compounder levels on forward earnings

Base55%

Price target

$426.26

+73.8% from spot

Adobe achieves management FY2026 targets and consensus FY2027 estimates, with revenue growing 10.2% in FY2026 to ~$26.61B, and reaching $29.05B in FY2027. Non-GAAP operating margins reach the guided 45.0%, non-GAAP EPS grows to $24.48 in FY2026 and $27.51 in FY2027,, and disciplined share repurchases retire 1.5-2.0% of share count annually.

Revenue CAGR of 8.5-10.0% through FY2030, anchored by FY2026 guidance of $26.6B and FY2027 consensus of $29.05B,
Non-GAAP operating margin stabilizes at 45.0-45.5%
Diluted shares contract at 1.5-2.0% annually supported by $9B+ annual FCF
Valuation multiple normalizes on forward earnings, consistent with mature cash-generative peers

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($426.26). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	2.0%	2.5%	3.0%	3.5%	4.0%
9.7%	$442	$455	$470	$487	$507
10.2%	$423	$434	$447	$461	$478
10.7%	$406	$415	$426	$439	$453
11.2%	$390	$399	$408	$419	$431
11.7%	$376	$383	$392	$401	$412

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E8.7

P25 n/aP50 n/aP75 n/a

Trailing P/E13.7

P25 n/aP50 n/aP75 n/a

ROE61.9

P25 n/aP50 n/aP75 n/a

ROIC57.2

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All ADBE indicators

Market & fundamental data

Available fields

285

Groups with data

Currency

USD

Showing 285 of 285 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000796343
Company name	Adobe Inc.
Country	United States
Country code	US
CUSIP number	00724F101
Earnings date	2026-12-09
Earnings time	amc
Employees	31,360
Employees change	651
Employees growth	2.12%
Enterprise value	$98.3B
Exchange	NASDAQ
Financial currency	USD
Financial report date	2026-08-28
First seen	2026-05-09
Fiscal year end	November
Founded	1982
In index	SP500, NASDAQ100
Industry	Software - Application
IPO date	1986-08-20
Is primary listing	Yes
Is SPAC	No
ISIN number	US00724F1012
Last 10-K release date	2026-01-15
Last earnings date	2026-09-10
Last refreshed	2026-10-28
Last stock split date	2005-05-24
Last stock split type	Forward
Market cap	$97.1B
Market cap category	Large-Cap
Next earnings date	2026-12-09
Options	Yes
Price	$249.53
Price currency	USD
Sector	Technology
SIC code	7372
Stock price date	2026-10-28
Symbol	ADBE
Tags	artificial-intelligence, metaverse
U.S. state	California
Website	https://www.adobe.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	10.55x
Average P/E ratio (10Y)	42.67x
Average P/E ratio (3Y)	31.05x
Average P/E ratio (5Y)	35.65x
Earnings yield	7.18%
EV/Earnings	13.38x
EV/EBIT	10.33x
EV/EBITDA	9.83x
EV/FCF	9.2x
EV/Sales	3.75x
FCF / EV yield	10.87%
FCF yield	11%
Forward EV/Sales	3.43x
Forward P/E	9.24x
Forward P/S	3.39x
Graham number	110.13189
Graham upside	-55.5%
Industry forward P/E	19.47x
Industry P/E	71.8x
Lynch fair value	$89.59
Lynch upside	-63.8%
P/(FCF - SBC) ratio	11.3x
P/(OCF - SBC) ratio	11.03x
P/B ratio	8.25x
P/E ratio	13.93x
P/FCF ratio	9.09x
P/OCF ratio	8.91x
P/S ratio	3.71x
PEG ratio	0.66x
Price/EBITDA ratio	9.71x
Sector forward P/E	18.55x
Sector P/E	32.64x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT margin	36.32%
EBITDA margin	38.19%
Effective tax rate	21.52%
FCF margin	40.79%
Gross margin	89.25%
Operating margin	36.32%
Pretax margin	35.74%
Profit margin	28.05%
Profit per employee	$232,270
Profitable quarters	67
Profitable years	34
Revenue per employee	$828,125
ROA	20.08%
ROA (5Y)	15.44%
ROCE	52.14%
ROE	61.9%
ROE (5Y)	38.92%
ROIC	57.22%
ROIC (5Y)	45.27%
SBC / revenue	7.97%
Tax / revenue	7.69%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	11.66%
EPS growth (Q)	10.53%
EPS growth (QoQ)	8.71%
EPS growth 10Y	24.77%
EPS growth 3Y	17.25%
EPS growth 5Y	8.18%
EPS growth quarters	10
EPS growth years	4
FCF growth	10.35%
FCF growth (Q)	14.68%
FCF growth (QoQ)	15.71%
FCF growth 3Y	11.57%
FCF growth 5Y	9.94%
Gross profit growth	12.18%
Gross profit growth (Q)	12.18%
Gross profit growth 3Y	11.78%
Gross profit growth 5Y	11.73%
Net income growth	4.7%
Net income growth (Q)	3.1%
Net income growth (QoQ)	6.72%
Net income growth 3Y	12.46%
Net income growth 5Y	4.52%
Net income growth quarters	10
Net income growth years	3
OCF growth	10.36%
OCF growth (Q)	14.79%
OCF growth (QoQ)	16.54%
OCF growth 10Y	18.62%
OCF growth 3Y	10.4%
OCF growth 5Y	9.24%
Operating income growth	11.24%
Operating income growth (Q)	8.33%
Operating income growth 3Y	13.73%
Operating income growth 5Y	11.33%
Revenue growth	12.03%
Revenue growth (Q)	12.89%
Revenue growth (QoQ)	2.15%
Revenue growth 10Y	16.68%
Revenue growth 3Y	11.2%
Revenue growth 5Y	11.46%
Revenue growth quarters	50
Revenue growth years	12

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-214M
Depreciation and amortization	$484M
EBIT	$9.4B
EBITDA	$9.9B
EPS	$17.92
FCF per share	$27.21
Financing cash flow	$-9.4B
Free cash flow	$10.6B
Free cash flow minus SBC	$8.5B
Gross profit	$23.2B
Income taxes	$2B
Investing cash flow	$-2.1B
Net borrowing	$243M
Net cash flow	$-623M
Net income	$7.3B
Operating cash flow minus SBC	$8.7B
Operating income	$9.4B
Revenue	$26B
Stock-based compensation	$2.1B

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Altman Z-Score	8.01
Book value per share	$30.09
Debt / EBITDA	0.68
Debt / equity	0.58
Debt / FCF	0.64
Goodwill	$14B
Interest coverage	36.28
Long-term assets	$20.8B
Long-term liabilities	$6.3B
Net cash (debt)	$-1.1B
Net cash / market cap	-1.19%
Net debt / EBITDA	0.12
Net debt / equity	0.1
Net debt / FCF	0.11
Piotroski F-Score	7
Property, plant and equipment	$2.2B
Shareholders' equity	$11.8B
Tangible book value	$-3.2B
Tangible book value per share	$-8.26
Total assets	$30B
Total cash	$5.6B
Total debt	$6.8B
Total liabilities	$18.2B
WACC	11.44%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.88
Current assets	$9.2B
Current liabilities	$11.9B
Current ratio	0.77
Net working capital	$-6.7B
Quick ratio	0.65
Working capital	$-2.7B
Working capital turnover	-20.31

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	6.22%
Dividend growth (10Y)	0%
Dividend growth (3Y)	0%
Dividend growth (5Y)	0%
Dividend per share	$0.00
Dividend yield	0%
Last dividend	$0.01
Shareholder yield	6.22%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	131.74%
10Y return CAGR	8.77%
10Y total return	131.74%
150-day SMA	$244.03
15Y price change	775.51%
15Y return CAGR	15.56%
15Y total return	775.51%
1D price change	0.47%
1M price change	5.37%
1M total return	5.37%
1W price change	-3.35%
1W total return	-3.35%
1Y price change	-30.65%
1Y return CAGR	-30.67%
1Y total return	-30.65%
20-day SMA	$246.61
200-day SMA	$251.01
20Y price change	543.3%
20Y return CAGR	9.75%
20Y total return	543.3%
3M price change	4.36%
3M total return	4.36%
3Y price change	-51.17%
3Y return CAGR	-21.25%
3Y total return	-51.17%
50-day SMA	$255.26
50-day SMA vs 200-day SMA	50over200
52-week high	$363.70
52-week high date	2025-10-28
52-week low	$190.12
52-week low date	2026-06-18
5Y price change	-61.24%
5Y return CAGR	-17.27%
5Y total return	-61.24%
6M price change	3.68%
6M total return	3.68%
All-time high	$699.54
All-time high date	2021-11-22
All-time low	$0.41
All-time low date	1987-10-28
Average true range (ATR)	$9.06
Average volume	4.1M
Beta (1Y)	0.72
Beta (2Y)	0.97
Beta (5Y)	1.42
Change from 52-week high	-31.39%
Change from 52-week low	31.25%
Change from all-time high	-64.53%
Change from all-time low	60,968.18%
Change from open	1.77%
Day's gap	-1.27%
Dollar volume	$521.5M
High price	$250.51
Low price	$244.65
Monthly RSI	39.56
Open price	$245.20
Position in 52-week range	83.28%
Premarket change	-1.56%
Premarket close	$248.36
Premarket price	$244.49
Premarket volume	41.5K
Previous close	$248.36
Price vs 150-day SMA	1.68%
Price vs 20-day SMA	0.61%
Price vs 200-day SMA	-1.15%
Price vs 50-day SMA	-2.8%
Relative volume	0.51
RSI	48.79
Sharpe ratio	-0.76
Sharpe ratio (3Y)	-0.63
Sharpe ratio (5Y)	-0.4
Sortino ratio	-0.92
Sortino ratio (3Y)	-0.69
Sortino ratio (5Y)	-0.39
Volume	2.1M
Weekly RSI	47.49
YTD price change	-29.11%
YTD total return	-29.11%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	388M
Float percentage	99.7%
Shares change (QoQ)	-1.74%
Shares change (YoY)	-6.22%
Shares held by insiders	0.17%
Shares held by institutions	87.45%
Shares outstanding	389.2M
Short % of float	4.56%
Short % of shares	4.55%
Short ratio	3.2 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	511

Deeper analysis on ADBE

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this ADBE report

What is the latest published ADBE stock rating?

Adobe Inc. is shown with Strong Buy in the latest published report, analyzed 2026-10-18. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ADBE analysis?

The full latest published report, analyzed 2026-10-18, lives at /stocks/ADBE/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for ADBE?

The latest published report analyzed 2026-10-18 gives ADBE a fair value of USD 426 and a potential value of USD 505. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the ADBE page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-10-18). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Strong BuyADBE · Fair value $426+73.8%

Read full analysis →

Adobe Inc. (ADBE)

Our latest published analysis: ADBE rated Strong Buy

Price

Financial snapshot

Fair-value bridge

Latest news · ADBE

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All ADBE indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on ADBE

Frequently asked questions

سجل التصنيفات

Category	Score	Reading
Valuation	9.5
Management	8.5
Balance Sheet	4.0
Profitability	8.5
Revenue Growth	6.0
Risk Assessment	5.0
Competitive Moat	9.0
Earnings Quality	8.0
Capital Efficiency	8.5