ADBEAdobe Inc.

$278.98

Is the price fair?

What ADBE's price assumes

Adobe Inc. trades at 16.0× earnings against 32.3× for the median Software - Application name, cheaper than its own group.

16.0

Trailing P/E · Software - Application median 32.3 · cheaper than the typical name in its group

Price / sales
4.14

Price / sales · as of 2026-Q2

Free cash flow yield
13%

Free cash flow yield · Software - Application median 6.7%

Growth the price implies
−7.5%

Growth the price implies · The price pays for −7.5% free cash flow growth a year for a decade; the business has delivered +11% a year over the last three.

Details
Price / book2026-Q2
9.06
EV / EBIT2026-Q2
11.5
EV / sales2026-Q2
4.14
Technology median P/E376 names
37.0
Software - Application median P/E93 names
32.3
Free cash flow, trailing twelve months
$10.3B
Market capitalisation
$77.6B
3-year revenue growth
+11%
3-year free cash flow growth
+11%
ADBE has re-rated away from its own history, so multiplying the old multiple by today's earnings prices a full reversal, not the business
MethodPer share
What its own history would implynot meaningful, 17.9× today against a 49.3× median
52-week range$194.90 – $367.46
Today$278.98

Multiples from SEC filings and end-of-day closes; implied growth from a reverse discounted cash flow. Group medians across the names Ryufin tracks.