Stock AnalizAdobe Inc. ADBE
Computer Software: Prepackaged Software · IPO 1986 · data as of November 13, 2026
Adobe Inc. (ADBE) is a technology company listed in the US with a market value of about $94.6B. In the twelve months to August 28, 2026 it had revenue of $26.0B and net income of $7.3B, a net margin of 28.0%.
Its overall Stock Analiz score is 3.6 out of 5 (good). The strongest part is value (5/5); the weakest is shareholder returns (1/5).
Key numbers: a P/E of 13.6, a price to free cash flow of 8.9, 5-year revenue growth of 13% a year, a 5-year average ROIC of 29%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 109% above the current price.
Score: 3.6 / 5
Checks passed
- P/E below 25
- P/E below the industry median
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
Checks not passed
- Strong R&D investment or growth above 20%
- 5-year EPS growth above 10% a year
- Liabilities below 60% of assets
- Pays a dividend
- 20% to 100% of free cash flow returned to shareholders
- Dividend 3 years in a row
- Stock-based pay below 5% of revenue
Valuation
Growth and quality
Financials, last 10 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.0B | $23.8B | $21.5B | $19.4B | $17.6B | $15.8B | $12.9B | $11.2B | $9.0B | $7.3B | $5.9B |
| Net income | $7.3B | $7.1B | $5.6B | $5.4B | $4.8B | $4.8B | $5.3B | $3.0B | $2.6B | $1.7B | $1.2B |
| Free cash flow | $10.6B | $9.9B | $7.9B | $6.9B | $7.4B | $6.9B | $5.3B | $4.0B | $3.8B | $2.7B | $2.0B |
| EPS (diluted) | $17.91 | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 | $3.38 | $2.32 |
| Net margin | 28.0% | 30.0% | 25.9% | 28.0% | 27.0% | 30.6% | 40.9% | 26.4% | 28.7% | 23.2% | 20.0% |
| ROIC | — | 38.9% | 29.0% | 25.8% | 26.6% | 25.2% | 18.6% | 19.7% | 19.5% | 16.6% | 13.1% |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
What analysts expect
The average 12-month price target from 33 analysts is $266.91, 10% above the current price; targets range from $140.00 to $373.00; the consensus rating is “Hold”; expected EPS is $24.48 for the fiscal year ending November 30, 2026.
Frequently asked questions
What is Adobe’s P/E ratio?
About 13.6, based on the last twelve months of diluted earnings per share (forward P/E about 9.1).
Is Adobe stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 109% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does Adobe pay a dividend?
Not currently.
Is Adobe a good stock to buy?
We do not give buy or sell advice. Adobe scores 3.6 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.