(ADBE) Adobe Systems - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US00724F1012

Creative, Document, Experience, Advertising, Publishing

Stock: Application Software
Age 39.4y

MCap 128,995m
Avg Vol 3.22M (1.08B USD)

Beta 0.831
Volatility 32.68%

EPS (Earnings per Share)

EPS CAGR: 7.69%
EPS Trend: 78.8%

Last SUE: 4.00
Qual. Beats: 11

Revenue

Rev. CAGR: 10.48%
Rev. Trend: 99.9%

Last SUE: 0.42
Qual. Beats: 0

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	32.7%
Value at Risk 5%th	47.8%
Relative Tail Risk	-11.11%

Reward TTM
Sharpe Ratio	-1.18
Alpha	-44.97
CAGR/Max DD	-0.12

Character TTM
Hurst Exponent	0.641
Beta	0.831
Beta Downside	0.913

Drawdowns 3y
Max DD	54.26%
Mean DD	21.71%
Median DD	19.20%

Description: ADBE Adobe Systems December 01, 2025

Adobe Inc. (NASDAQ: ADBE) operates globally as a technology firm organized into three primary segments. The Digital Media segment delivers Creative Cloud, Document Cloud, and related services that enable creators-from photographers to game developers-to produce and publish content via subscription-based, cloud-enabled applications. The Digital Experience segment provides an end-to-end platform for brands to design, manage, and monetize customer interactions, covering analytics, personalization, and commerce tools. The Publishing & Advertising segment adds e-learning, web-conferencing, high-end printing, and Adobe Advertising solutions, supported by consulting, training, and support services.

Key market metrics that reinforce Adobe’s growth narrative include: (1) FY 2024 total revenue of approximately $5.8 billion, reflecting a 12 % year-over-year increase driven largely by subscription renewals; (2) subscription revenue now accounts for over 90 % of total revenue, delivering an operating margin near 35 %, well above the application-software industry average of ~28 %; and (3) the company’s AI-focused partnership with HUMAIN and its own generative-AI initiatives are expected to lift average revenue per user (ARPU) by 4-6 % annually, according to internal guidance. Macro-level drivers such as sustained corporate digital-transformation spending and a rebound in global advertising budgets further underpin demand for Adobe’s Creative and Experience clouds.

If you want a data-rich, independent perspective on Adobe’s valuation and risk profile, checking out ValueRay’s analyst toolkit can be a useful next step.

Piotroski VR‑10 (Strict, 0-10) 9.0

Net Income: 7.13b TTM > 0 and > 6% of Revenue
FCF/TA: 0.33 > 0.02 and ΔFCF/TA 7.52 > 1.0
NWC/Revenue: -0.16% < 20% (prev 3.31%; Δ -3.46% < -1%)
CFO/TA 0.34 > 3% & CFO 10.03b > Net Income 7.13b
Net Debt (1.22b) to EBITDA (9.75b): 0.12 < 3
Current Ratio: 1.00 > 1.5 & < 3
Outstanding Shares: last quarter (417.0m) vs 12m ago -5.87% < -2%
Gross Margin: 89.11% > 18% (prev 0.89%; Δ 8822 % > 0.5%)
Asset Turnover: 79.59% > 50% (prev 71.14%; Δ 8.46% > 0%)
Interest Coverage Ratio: 33.96 > 6 (EBITDA TTM 9.75b / Interest Expense TTM 263.0m)

Altman Z'' 9.66

A: -0.00 (Total Current Assets 10.16b - Total Current Liabilities 10.20b) / Total Assets 29.50b
B: 1.54 (Retained Earnings 45.35b / Total Assets 29.50b)
C: 0.30 (EBIT TTM 8.93b / Avg Total Assets 29.86b)
D: 2.52 (Book Value of Equity 45.11b / Total Liabilities 17.87b)
Altman-Z'' Score: 9.66 = AAA

Beneish M -3.01

DSRI: 1.02 (Receivables 2.34b/2.07b, Revenue 23.77b/21.50b)
GMI: 1.00 (GM 89.11% / 89.04%)
AQI: 1.05 (AQ_t 0.58 / AQ_t-1 0.56)
SGI: 1.11 (Revenue 23.77b / 21.50b)
TATA: -0.10 (NI 7.13b - CFO 10.03b) / TA 29.50b)
Beneish M-Score: -3.01 = AA

ValueRay F-Score (Strict, 0-100) 96.58

1. Piotroski: 9.0pt
2. FCF Yield: 7.63%
3. FCF Margin: 41.45%
4. Debt/Equity: 0.57
5. Debt/Ebitda: 0.12
6. ROIC - WACC: 31.48%
7. RoE: 59.50%
8. Revenue Trend: 99.91%
9. EPS Trend: 78.78%

What is the price of ADBE shares?

As of January 24, 2026, the stock is trading at USD 299.73 with a total of 4,974,449 shares traded.
Over the past week, the price has changed by -1.43%, over one month by -16.17%, over three months by -15.35% and over the past year by -31.46%.

Is ADBE a buy, sell or hold?

Adobe Systems has received a consensus analysts rating of 4.16. Therefore, it is recommended to buy ADBE.

Strong Buy: 19
Buy: 6
Hold: 13
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the ADBE price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	417.3	39.2%
Analysts Target Price	417.3	39.2%
ValueRay Target Price	279.1	-6.9%

ADBE Fundamental Data Overview January 17, 2026

P/E Trailing = 18.2199
P/E Forward = 12.9199
P/S = 5.427
P/B = 10.9517
P/EG = 0.861
Revenue TTM = 23.77b USD
EBIT TTM = 8.93b USD
EBITDA TTM = 9.75b USD
Long Term Debt = 6.20b USD (from longTermDebt, two quarters ago)
Short Term Debt = 77.0m USD (from shortTermDebt, last quarter)
Debt = 6.65b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 1.22b USD (from netDebt column, last quarter)
Enterprise Value = 129.05b USD (128.99b + Debt 6.65b - CCE 6.59b)
Interest Coverage Ratio = 33.96 (Ebit TTM 8.93b / Interest Expense TTM 263.0m)
EV/FCF = 13.10x (Enterprise Value 129.05b / FCF TTM 9.85b)
FCF Yield = 7.63% (FCF TTM 9.85b / Enterprise Value 129.05b)
FCF Margin = 41.45% (FCF TTM 9.85b / Revenue TTM 23.77b)
Net Margin = 30.00% (Net Income TTM 7.13b / Revenue TTM 23.77b)
Gross Margin = 89.11% ((Revenue TTM 23.77b - Cost of Revenue TTM 2.59b) / Revenue TTM)
Gross Margin QoQ = 88.92% (prev 89.28%)
Tobins Q-Ratio = 4.38 (Enterprise Value 129.05b / Total Assets 29.50b)
Interest Expense / Debt = 0.99% (Interest Expense 66.0m / Debt 6.65b)
Taxrate = 18.02% (408.0m / 2.26b)
NOPAT = 7.32b (EBIT 8.93b * (1 - 18.02%))
Current Ratio = 1.00 (Total Current Assets 10.16b / Total Current Liabilities 10.20b)
Debt / Equity = 0.57 (Debt 6.65b / totalStockholderEquity, last quarter 11.62b)
Debt / EBITDA = 0.12 (Net Debt 1.22b / EBITDA 9.75b)
Debt / FCF = 0.12 (Net Debt 1.22b / FCF TTM 9.85b)
Total Stockholder Equity = 11.98b (last 4 quarters mean from totalStockholderEquity)
RoA = 23.88% (Net Income 7.13b / Total Assets 29.50b)
RoE = 59.50% (Net Income TTM 7.13b / Total Stockholder Equity 11.98b)
RoCE = 49.11% (EBIT 8.93b / Capital Employed (Equity 11.98b + L.T.Debt 6.20b))
RoIC = 40.06% (NOPAT 7.32b / Invested Capital 18.28b)
WACC = 8.58% (E(128.99b)/V(135.64b) * Re(8.98%) + D(6.65b)/V(135.64b) * Rd(0.99%) * (1-Tc(0.18)))
Discount Rate = 8.98% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -4.68%
[DCF Debug] Terminal Value 76.99% ; FCFF base≈9.04b ; Y1≈9.65b ; Y5≈11.64b
Fair Price DCF = 430.6 (EV 181.45b - Net Debt 1.22b = Equity 180.24b / Shares 418.6m; r=8.58% [WACC]; 5y FCF grow 7.51% → 2.90% )
EPS Correlation: 78.78 | EPS CAGR: 7.69% | SUE: 4.0 | # QB: 11
Revenue Correlation: 99.91 | Revenue CAGR: 10.48% | SUE: 0.42 | # QB: 0
EPS next Quarter (2026-02-28): EPS=5.87 | Chg30d=+0.002 | Revisions Net=+22 | Analysts=27
EPS current Year (2026-11-30): EPS=23.46 | Chg30d=+0.025 | Revisions Net=+2 | Growth EPS=+12.0% | Growth Revenue=+9.4%
EPS next Year (2027-11-30): EPS=26.30 | Chg30d=+0.000 | Revisions Net=+8 | Growth EPS=+12.1% | Growth Revenue=+9.0%

Additional Sources for ADBE Stock

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