Loading…
ADBE
Adobe Inc
NASDAQ· Technology· Software - Application· CUSIP 00724F101
$270.55+6.07%Price as of Oct 23, 00:41 UTC · updated once a day, after the close
At a glance
Adobe Inc (ADBE) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in San Jose, United States and has 31,360 employees. The company is worth $105.3B and trades at 14.2x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $23.77B in fiscal 2025, up 10.5% from the year before. Net income was $7.13B. The share price is 25.6% below its 52-week high of $363.70. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $805.01M. In that quarter, 3 of them opened or added to the position and 5 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $105.3B
- P/E
- 14.2x
- Forward P/E
- 9.8x
- P/B
- 9.0x
- Dividend yield
- 0.00%
- Payout
- —
- EPS
- $19.00
- ROE
- 61.90%
- Profit margin
- 28.05%
- Revenue growth
- +12.90%
- Beta
- 1.42
- 52-week high
- $363.70
- 52-week low
- $190.12
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Cliff AsnessReducedAQR Capital Management · Q2 2026$805.01M3.93M shares · 0.3% of portfolio
- Two SigmaReducedTwo Sigma Investments · Q2 2026$224.12M1.09M shares · 0.2% of portfolio
Ken GriffinAddedCitadel Advisors · Q2 2026$178.03M868.36K shares · 0.1% of portfolio- Renaissance TechnologiesReducedRenaissance Technologies · Q2 2026$52.27M254.96K shares · 0.1% of portfolio
- Israel EnglanderReducedMillennium Management · Q2 2026$37.19M181.42K shares · 0.0% of portfolio
Ray DalioAddedBridgewater Associates · Q2 2026$18.2M88.75K shares · 0.1% of portfolio
George SorosNew positionSoros Fund Management · Q2 2026$4.8M23.42K shares · 0.1% of portfolio- Baillie GiffordReducedBaillie Gifford & Co · Q2 2026$650.12K3.17K shares · 0.0% of portfolio
Price over time
▼ -63.4% over 5Y.
today you would have $377.02▼ -62.3%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 19 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $349.99 | $444.68 | $596.60 | $336.53 | $567.06 | $500.12 | $329.81 | $226.24 | $175.24 | $102.95 | $93.94 | $72.70 | $59.88 | $37.68 | $28.27 | $30.78 | $36.78 | $21.29 | $42.73 | |
| P/E | 44.4x | 21.0x | 36.0x | 50.5x | 33.3x | 56.6x | 46.2x | 55.0x | 43.5x | 51.8x | 44.4x | 75.8x | 137.2x | 106.9x | 22.7x | 17.1x | 20.9x | 50.4x | 13.4x | 35.3x |
| P/S | 8.7x | 6.0x | 9.0x | 13.9x | 8.8x | 16.9x | 18.6x | 14.2x | 12.2x | 11.8x | 8.7x | 9.8x | 8.7x | 7.3x | 4.3x | 3.3x | 4.1x | 6.5x | 3.1x | 8.1x |
| P/B | 6.9x | 12.4x | 13.7x | 16.3x | 11.0x | 18.1x | 18.0x | 15.1x | 11.8x | 10.2x | 6.9x | 6.7x | 5.3x | 4.4x | 2.8x | 2.4x | 3.0x | 3.9x | 2.5x | 5.5x |
| EPS | $16.70 | $12.36 | $11.82 | $10.10 | $10.02 | $10.83 | $6.00 | $5.20 | $3.38 | $2.32 | $1.24 | $0.53 | $0.56 | $1.66 | $1.65 | $1.47 | $0.73 | $1.59 | $1.21 | |
| Profit margin | 23.20% | 30.00% | 25.85% | 27.97% | 27.01% | 30.55% | 40.88% | 26.42% | 28.69% | 23.20% | 19.96% | 13.13% | 6.47% | 7.15% | 18.91% | 19.75% | 20.39% | 13.12% | 24.35% | 22.92% |
| ROE | 19.77% | 61.34% | 39.42% | 32.86% | 33.85% | 32.59% | 39.66% | 28.02% | 27.68% | 20.03% | 15.74% | 8.99% | 3.96% | 4.31% | 12.49% | 14.40% | 14.92% | 7.90% | 19.77% | 15.57% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$113.41
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$171.91
Earnings growing 9.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Earnings
$532.10
Median P/E of 28.0 among peers in the sector.
Earnings
$843.12
Median P/E of 44.4 across this company’s own years on record.
Cash flow
$527.66
Cash flow growing 9.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$330.59
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
Dividends
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $415.14 (avg. of 4)+Cash flow $527.66+Operating $330.59÷ 3 =$424.46
$424.46
6 methods answered, across 3 families.
$318.35
Room for errors in the reported numbers.
$270.55
+56.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| GLWCorning Inc | $123.99 | 56.9x | 8.9x | 0.90% | 16.81% | $106.8B |
| NETCloudflare, Inc. | $303.61 | — | 66.7x | 0.00% | -14.43% | $108.11B |
| SNOWSnowflake Inc. | $313.96 | — | 51.5x | 0.00% | -48.06% | $110.77B |
| INTUIntuit Inc | $354.90 | 21.6x | 5.0x | 1.56% | 23.60% | $94.84B |
| DDOGDatadog, Inc. | $257.75 | 515.5x | 21.2x | 0.00% | 4.70% | $92.55B |
| ADPAutomatic Data Processing Inc | $307.94 | 26.9x | 20.3x | 2.21% | 72.24% | $122.02B |
About the company
- 31,360
- San Jose, United States