US · USD
ADBE
Adobe Systems Incorporated
- Day's range
- $237.79 – $248.30
- Day's volume
- $573M
- 52-week range
- $193.41 – $359.91
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Create a free accountADBE in numbers
- Market cap
- $94.5B
- P/E
- 12.89
- P/B
- 7.98
- Dividend yield (12m)
- 0.00%
- Net debt/EBITDA
- -0.09
ADBE trades at 12.89 times its earnings of the last 12 months.
ADBE price history
ADBE risk and return
Monthly closes adjusted for splits and distributions.
| Metric | 12 months | 36 months | 60 months |
|---|---|---|---|
| Return | -28.84% | -54.48% | -62.76% |
| Volatility (annualized) | 47.74% | 36.99% | 38.56% |
| Largest drawdown | -41.42% | -66.81% | -69.39% |
| Positive months | 6/12 | 13/36 | 25/60 |
How much did investing in ADBE return?
$1,000.00 invested on 10/01/2021 would be worth $370.99 today.
- Value today in ADBE
- $370.99
- Return over the period
- -62.90%
- Return per year
- -17.99%
- In the S&P 500
- $1,664.67
With dividends reinvested, before taxes and costs, at month-end closes. Past returns do not guarantee future ones.
ADBE fundamentals
Valuation
- P/E12.89
- P/B7.98
- EV/EBITDA9.33
- EV/EBIT10.10
- EV/Revenue3.61
- P/EBIT10.19
- P/S3.64
- P/OCF8.75
- P/FCF8.92
- Earnings yield9.90%
- PEG ratio—
- Earnings per share$18.72
- Book value per share$30.23
Debt
- Net debt-$873M
- Net debt/EBITDA-0.09
- Net debt/Equity-0.07
- Debt/Equity0.41
- Current ratio0.77
- Quick ratio—
- Cash ratio0.47
Efficiency
- Gross margin89.25%
- EBITDA margin38.65%
- Operating margin35.70%
- Net margin28.05%
- Asset turnover0.87
Profitability
- ROE61.92%
- ROA24.30%
- ROIC66.81%
- Payout0.00%
What is ADBE's fair price?
Two classic value formulas, with today's numbers. The current price is $241.28.
- Graham's fair price
- $112.82
- 53.24% below the price
√(22.50 × $18.72 × $30.23)
Benjamin Graham paid no more than a P/E of 15 and a P/B of 1.5. Their product, 22.5, times earnings (EPS) and book value per share gives the fair price.
- Bazin's ceiling price
- —
- Does not apply to ADBE: it paid no distributions in the last five years.
Décio Bazin only bought stocks yielding at least 6% a year in distributions. The ceiling price is the average dividend per share of recent years over 6%.
Graham ignores growth and debt; Bazin assumes past distributions repeat. They are references to compare, not a buy recommendation.
ADBE's indicators by year
Multiples at each year's closing price; margins and returns from that year's statements.
| Indicator | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| P/E | 20.15 | 34.81 | 49.68 | 32.39 | 55.47 | 45.51 | 53.88 | 42.59 |
| P/B | 12.36 | 13.72 | 16.33 | 10.96 | 18.08 | 18.05 | 15.10 | 11.79 |
| EV/EBITDA | 14.39 | 24.64 | 35.29 | 21.80 | 40.33 | 47.56 | 38.71 | 34.91 |
| Earnings per share | $17.37 | $12.77 | $12.01 | $10.39 | $10.22 | $10.99 | $6.12 | $5.31 |
| Book value per share | $28.31 | $32.40 | $36.54 | $30.69 | $31.37 | $27.71 | $21.84 | $19.20 |
| ROE | 61.34% | 39.42% | 32.86% | 33.85% | 32.59% | 39.66% | 28.02% | 27.68% |
| ROIC | 141.35% | 70.06% | 43.13% | 41.67% | 37.37% | 37.20% | 40.98% | 25.68% |
| Gross margin | 89.27% | 89.04% | 87.87% | 87.70% | 88.18% | 86.62% | 85.02% | 86.77% |
| EBITDA margin | 40.07% | 35.33% | 38.76% | 39.50% | 41.75% | 38.81% | 36.03% | 35.28% |
| Net margin | 30.00% | 25.85% | 27.97% | 27.01% | 30.55% | 40.88% | 26.42% | 28.69% |
| Net debt/EBITDA | -0.69 | -0.84 | -0.56 | -0.35 | -0.25 | -0.38 | -0.79 | 0.28 |
ADBE's financial statements
| Line | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Net revenue | $23.8B | $21.5B | $19.4B | $17.6B | $15.8B | $12.9B |
| Cost of revenue | -$2.6B | -$2.4B | -$2.4B | -$2.2B | -$1.9B | -$1.7B |
| Gross profit | $21.2B | $19.1B | $17.1B | $15.4B | $13.9B | $11.1B |
| EBITDA | $9.5B | $7.6B | $7.5B | $7B | $6.6B | $5B |
| EBIT | $8.7B | $6.7B | $6.7B | $6.1B | $5.8B | $4.2B |
| Financial result | $28M | $190M | $149M | -$90M | -$97M | -$61M |
| Income before tax | $8.7B | $6.9B | $6.8B | $6B | $5.7B | $4.2B |
| Income tax | -$1.6B | -$1.4B | -$1.4B | -$1.3B | -$883M | $1.1B |
| Net income | $7.1B | $5.6B | $5.4B | $4.8B | $4.8B | $5.3B |
Figures the company filed with the CVM. Debt excludes leases; each quarter is that quarter alone.
Does ADBE pay dividends?
ADBE has no distributions on record.
About Adobe Systems Incorporated
- Sector
- Services
Questions about ADBE
How much is ADBE today?
ADBE is at $241.28 (0.56% on the day), last traded on 10/01/2026.
What are the P/E and P/B of ADBE?
ADBE trades at a P/E of 12.89 and a P/B of 7.98.
How much did ADBE return in 12 months?
ADBE returned -28.84% in 12 months, with annualized volatility of 47.74% and a largest drawdown of -41.42%.