ADBEAdobe Inc.

$231.08-34% 1Y

RyuScore

Seven criteria, each scored 0 to 100 on a published scale, weighted into one number.

RyuScore 87 out of 100, Strong
Today's price. Only valuation depends on it.

Strong. Adobe Inc. scores higher than 99% of the 1,794 companies Ryufin scores.

Carried by valuation and return on capital, with nothing holding it far back.

Technology median 43 · all companies 50

Valuation

26% of the score

92median 13

Adobe Inc. is valued at 8.2x its operating profit before acquisition amortisation (EBITA), including debt: a low multiple.

25x
20x
15x
10x
6x
8.2x
Full points at 6x or less, none from 25xfull points

Return on capital

18% of the score

100median 34

Over 7 years the business earned 38% a year after tax on the capital it uses.

2%
8%
15%
25%
38%
None at 2% or less, full points from 25%full points
Return on capital by year
7 years agolatest 55%

Return on new capital

16% of the score

65median 49

For every dollar of operating profit earned over 6 years, yearly profit grew by 6 cents. It did so while using less capital than before.

-5%
12%
6.1%
None at minus 5 cents, full points from 12 centsfull points

Capital allocation

14% of the score

97median 64

How management spends the money: shares bought back or issued, and whether assets grow faster than the business they serve.

Share countDown 2.5% a year over 5 years: buybacks
94
5%
-3%
-2.5%
0 pointsfull points
Assets against salesAssets grew 4% a year, sales 13%
100
12%
-2%
-9.1%
0 pointsfull points

Cycle position

12% of the score

59median 62

Today's operating margin of 36% is 1.07x its normal 33%: close to its usual level. Normal is half the 10 year median, half the last four years, so a margin that has held is not taken for a peak.

2x
1.5x
1x
0.7x
1.1x
A trough earns points, a peak costs themfull points
Operating margin by year, against its normal level
10 years agonow 36%

Balance sheet

8% of the score

100median 50

What the debt weighs against the profit that has to carry it.

Net debt to EBITDAMore cash than debt
100
Interest coverOperating profit covers interest 36x
100
1.5x
12x
35.7x
0 pointsfull points

Earnings quality

6% of the score

97median 90

Whether the reported profit arrives as cash, and whether the accounts show the usual signs of stretching.

Cash against profitOperating cash flow was 1.40x profit over 3 years
100
0.7x
1x
1.3x
1.4x
0 pointsfull points
AccrualsCash ran ahead of profit by 9.7% of assets
100
8%
0%
-8%
-9.7%
0 pointsfull points
Beneish M-score-2.84
92
-1.50
-1.78
-2.22
-3.00
-2.84
0 pointsfull points

How the RyuScore works

Each criterion earns 0 to 100 points on the scale drawn under it, and the RyuScore is their average weighted 26, 18, 16, 14, 12, 8 and 6. Scales bend in the company's favour between their ends, so an ordinary figure is never already near zero. Where a criterion cannot be measured from the filings it is taken out and the remaining weights scale up; a company needs 60% of the weight covered, and always a price, to get a score.

Built from the company's annual and quarterly filings with the SEC and today's share price. Banks, insurers and property trusts are not scored: their debt is their raw material, so these yardsticks mean something else there. Figures as of 2026-08-28, latest annual report FY2025.