Company Valuation: Adobe Inc.

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 315,027 152,938 283,798 226,122 134,006 98,807 - -
Change - -51.45% 85.56% -20.32% -40.74% -26.27% - -
Enterprise Value (EV) 1 313,352 150,971 279,590 223,864 133,621 96,472 92,017 83,482
Change - -51.82% 85.19% -19.93% -40.31% -27.8% -4.62% -9.28%
P/E ratio 66.1x 32.6x 52.7x 41.6x 19.2x 13.4x 11.7x 10.2x
PBR 21.5x 10.9x 17.3x 16.1x 11.8x 7.28x 5.44x 4.11x
PEG - 40.83x 3.1x 9.11x 0.5x 1.45x 0.8x 0.7x
Capitalization / Revenue 20x 8.69x 14.6x 10.5x 5.64x 3.79x 3.47x 3.18x
EV / Revenue 19.9x 8.57x 14.4x 10.4x 5.62x 3.7x 3.24x 2.69x
EV / EBITDA 38.9x 17.2x 28.6x 20.6x 11.3x 7.76x 6.92x 5.85x
EV / EBIT 43.2x 19x 31.4x 22.3x 12.2x 8.26x 7.25x 6.06x
EV / FCF 45.5x 20.4x 40.3x 28.4x 13.6x 9.21x 8.27x 7.25x
FCF Yield 2.2% 4.9% 2.48% 3.52% 7.37% 10.9% 12.1% 13.8%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 10.02 10.1 11.82 12.36 16.7 18.25 20.91 24.06
Distribution rate - - - - - - - -
Net sales 1 15,785 17,606 19,409 21,505 23,769 26,093 28,437 31,078
EBITDA 1 8,047 8,801 9,790 10,876 11,804 12,439 13,300 14,268
EBIT 1 7,259 7,945 8,918 10,019 10,986 11,676 12,683 13,772
Net income 1 4,822 4,756 5,428 5,560 7,130 7,388 8,272 9,151
Net Debt 1 -1,675 -1,967 -4,208 -2,258 -385 -2,334 -6,789 -15,325
Reference price 2 662.10 328.97 623.32 513.68 320.13 244.45 244.45 244.45
Nbr of stocks (in thousands) 475,800 464,900 455,300 440,200 418,600 404,200 - -
Announcement Date 16/12/21 15/12/22 13/12/23 11/12/24 10/12/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
13.4x3.7x7.76x-.--% 98.81B
30.25x19.65x23.43x-.--% 161B
30.06x6.11x15.04x-.--% 51.07B
61.95x6.24x17.2x0.37% 51.01B
377.07x9.78x40.8x-.--% 44.8B
23.28x5.17x13.18x0.97% 37.1B
27.77x2.72x8.21x-.--% 31.83B
44.73x2.94x16.69x-.--% 17.26B
16.55x6.53x13.37x-.--% 16.63B
69.26x6.39x23.66x-.--% 10.05B
Average 69.43x 6.92x 17.93x 0.13% 51.95B
Weighted average by Cap. 60.20x 9.81x 18.30x 0.11%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield