TrimmTrack
Sign in

Adobe (ADBE) valuation

Run six valuation models on Adobe with live data: DCF, Reverse DCF, Graham number, Monte Carlo, scenarios and sum-of-the-parts (NAV).

ADBE
ADBE

Adobe

ADBE · Technology

Current price

256,61 USD

You're trying every model for free, no account needed. Sign up to save your analyses →

Valuation

Market cap
$102B
PE (TTM | NTM | +1y)
14.68 | 9.34 | 9.34
Price / Sales
4.05
EV / EBITDA
10.92
Price / Book
8.89

Cash flow

FCF yield(23.19 / 256.61)
+9.04%
SBC-adjusted FCF yield
—
SBC impact
—

Margins & growth

Profit margin
+28.69%
Operating margin
+35.33%
Quarterly earnings (YoY)
—
Quarterly revenue (YoY)
—

Balance

Cash
$5.63B
Debt
$7.08B
Net position
-$1.45B

Dividend

Dividend yield
—
Payout ratio
0%
Next payout
3/24/2005

Price (1 year)

-27.68%
$365.9

Revenue

estimate
Q3 23: $4.89BQ3 23Q4 23: $5.05BQ1 24: $5.18BQ1 24Q2 24: $5.31BQ3 24: $5.41BQ3 24Q4 24: $5.61BQ2 25: $5.87BQ2 25Q3 25: $5.99BQ4 25: $6.19BQ4 25Q1 26: $6.4BQ2 26: $6.62BQ2 26Q3 26 · estimate: $6.7BQ3 26$6.7B

EBITDA

Q2 25: $2.38BQ2 25Q3 25: $2.46BQ3 25Q4 25: $2.51BQ4 25Q1 26: $2.66BQ1 26Q2 26: $2.5BQ2 26$2.66B

Net income

Q3 23: $1.4BQ3 23Q4 23: $1.48BQ1 24: $620MQ1 24Q2 24: $1.57BQ3 24: $1.68BQ3 24Q4 24: $1.68BQ2 25: $1.69BQ2 25Q3 25: $1.77BQ4 25: $1.86BQ4 25Q1 26: $1.89BQ2 26: $1.71BQ2 26$1.89B

Free cash flow

Q1 24: $1.14BQ1 24Q2 25: $2.14BQ2 25Q3 25: $2.13BQ3 25Q4 25: $3.13BQ4 25Q1 26: $2.92BQ1 26Q2 26: $2.11BQ2 26$3.13B

EPS

estimate
Q3 23: 3.05Q3 23Q4 23: 3.24Q1 24: 1.36Q1 24Q2 24: 3.49Q3 24: 3.76Q3 24Q4 24: 3.75Q2 25: 3.94Q2 25Q3 25: 4.18Q4 25: 4.45Q4 25Q1 26: 4.60Q2 26: 4.25Q2 26Q3 26 · estimate: 6.08Q3 266.08

Cash & debt

CashDebt
Q3 23 · Cash: $6.6BQ3 23Q4 23 · Cash: $7.14BQ1 24 · Cash: $6.25BQ1 24Q2 24 · Cash: $7.66BQ3 24 · Cash: $7.19BQ3 24Q4 24 · Cash: $7.61BQ2 25 · Cash: $4.93BQ2 25 · Debt: $6.56BQ2 25Q3 25 · Cash: $4.98BQ3 25 · Debt: $6.64BQ4 25 · Cash: $5.43BQ4 25 · Debt: $6.65BQ4 25Q1 26 · Cash: $6.33BQ1 26 · Debt: $6.66BQ2 26 · Cash: $4.92BQ2 26 · Debt: $7.07BQ2 26$7.66B

Return of capital

DividendsBuybacks
Q1 24 · Buybacks: $2BQ1 24Q2 25 · Buybacks: $3.5BQ2 25Q3 25 · Buybacks: $2.06BQ3 25Q4 25 · Buybacks: $2.47BQ4 25Q1 26 · Buybacks: $2.48BQ1 26Q2 26 · Buybacks: $2.11BQ2 26$3.5B

Shares outstanding

Q2 23: 455.8MQ2 23Q3 23: 456MQ3 23: 455.3MQ4 23: 455MQ1 24: 452MQ1 24Q1 24: 453MQ1 24: 448MQ2 24: 449MQ2 24: 443.4MQ2 24Q3 24: 445MQ3 24: 440.2MQ4 24: 441MQ1 25: 435.3MQ1 25Q1 25: 426.2MQ2 25: 427MQ2 25: 424.2MQ3 25: 420MQ3 25Q4 25: 413MQ1 26: 410.5MQ1 26: 406MQ1 26: 404.2MQ2 26: 399MQ2 26456M

Stock-based compensation

Q1 24: $451MQ1 24Q2 25: $481MQ2 25Q3 25: $497MQ3 25Q4 25: $489MQ4 25Q1 26: $509MQ1 26Q2 26: $534MQ2 26$534M

Operating expenses

R&DSG&A
Q3 23 · SG&A: $353MQ3 23Q4 23 · SG&A: $372MQ1 24 · SG&A: $352MQ1 24Q2 24 · SG&A: $355MQ3 24 · SG&A: $366MQ3 24Q4 24 · SG&A: $456MQ2 25 · R&D: $1.08BQ2 25 · SG&A: $2BQ2 25Q3 25 · R&D: $1.09BQ3 25 · SG&A: $2.05BQ4 25 · R&D: $1.1BQ4 25 · SG&A: $2.15BQ4 25Q1 26 · R&D: $1.11BQ1 26 · SG&A: $2.17BQ2 26 · R&D: $1.2BQ2 26 · SG&A: $2.43BQ2 26$3.63B

Source: Yahoo Finance. Quarterly history grows automatically over time as new quarters are published.

Other comparisons

Adobe vs Salesforce

Popular companies

AppleNvidiaTeslaMicrosoftAmazonAlphabet (Google)Meta PlatformsNetflixAMDPalantirBerkshire HathawayJPMorgan ChaseVisaMastercardWalt DisneyCoca-ColaPepsiCoMcDonald'sNikeStarbucksIntelBroadcomQualcommOracleSalesforcePayPalUberAirbnbCoinbaseShopify