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Adobe Inc. ADBE NASDAQ

NASDAQ Global Select • Technology • Software - Infrastructure • US • USD

SharesGrow Score
80/100
6/7 Pass
SharesGrow Intrinsic Value
$595.02
+152.4%
Analyst Price Target
$349.65
+48.3%
SharesGrow 7-Criteria Score All 7 criteria scored · valuation-related highlighted on this page

Adobe Inc. (ADBE) trades at a trailing P/E of 13.1, forward P/E of 10.0. Trailing earnings yield is 7.64%, forward earnings yield 9.98%. PEG 0.37 (Peter Lynch undervalued ≤1.0). Graham Number is $105.03.

Criteria proven by this page:

  • VALUE (70/100, Pass) — P/E is below market average (13.1); PEG ≤ 1.0 — Peter Lynch undervalued (0.37); analyst target implies upside (+48.3%); earnings yield beats bond yields (7.64%).
  • Forward P/E 10.0 (down from trailing 13.1) — analysts expect earnings to grow, which would improve the valuation.
  • PEG Ratio 0.37 — below 1.0 suggests the stock is undervalued relative to its earnings growth rate (Peter Lynch criterion).
  • Trailing Earnings Yield 7.64% — exceeds typical bond yields (~4.3%), making equity attractive vs fixed income. Forward yield improves to 9.98% as earnings recover.
  • Analyst consensus target $349.65 (+48.3% upside) — significant upside potential according to Wall Street analysts.

Overall SharesGrow Score: 80/100 with 6/7 criteria passed.

SharesGrow 7-Criteria Score
80/100
SG Score
View full scorecard →
VALUE
70/100
Price-to-Earnings & upside
Proven by this page
FUTURE
64/100
Analyst consensus
→ Forecast
PAST
100/100
→ Income
~
HEALTH
67/100
Debt-to-Equity & liquidity
→ Health
MOAT
80/100
→ Income
GROWTH
80/100
→ Income
INCOME
100/100
→ Income

Valuation Snapshot — ADBE

Valuation Multiples
P/E (TTM)13.1
Forward P/E10.0
PEG Ratio0.37
Forward PEG0.24
P/B Ratio8.25
P/S Ratio3.83
EV/EBITDA9.5
Per Share Data
EPS (TTM)$17.58
Forward EPS (Est.)$23.53
Book Value / Share$27.89
Revenue / Share$59.64
FCF / Share$25.16
Yields & Fair Value
Earnings Yield7.64%
Forward Earnings Yield9.98%
Dividend Yield0.00%
Graham Number$105.03
SharesGrow IV$595.02 (+152.4%)
Analyst Target$349.65 (+48.3%)

Historical Valuation

Year P/E (TTM) PEG Ratio P/B Ratio P/S Ratio Dividend Yield
2016 42.5 0.49 6.69 8.49 -
2017 52.3 1.14 10.47 12.14 -
2018 47.5 0.88 13.15 13.63 -
2019 51.0 3.41 14.29 13.47 -
2020 43.6 0.54 17.30 17.83 -
2021 61.0 -7.94 19.87 18.63 -
2022 33.8 113.63 11.42 9.12 -
2023 51.6 2.98 16.95 14.42 -
2024 41.5 8.80 16.35 10.73 -
2025 19.1 0.55 11.73 5.74 -

EPS: Actual vs Estimates

P/E Ratio & Earnings Yield

Earnings Per Share (EPS) History

Year EPS (Diluted) Revenue Net Income Net Margin
2016 $2.32 $5.85B $1.17B 20%
2017 $3.38 $7.3B $1.69B 23.2%
2018 $5.20 $9.03B $2.59B 28.7%
2019 $6.00 $11.17B $2.95B 26.4%
2020 $10.83 $12.87B $5.26B 40.9%
2021 $10.02 $15.79B $4.82B 30.5%
2022 $10.10 $17.61B $4.76B 27%
2023 $11.83 $19.41B $5.43B 28%
2024 $12.36 $21.51B $5.56B 25.9%
2025 $16.70 $23.77B $7.13B 30%

Analyst Estimates

Year EPS (Avg) EPS Range Revenue (Avg) Revenue Range Analysts
2026 $23.53 $23.02 – $24.06 $26.06B $25.97B – $26.24B 23
2027 $26.39 $25.52 – $27.84 $28.36B $27.99B – $29.04B 23
2028 $29.59 $27.42 – $34.20 $30.86B $30.8B – $30.91B 9
2029 $30.88 $30.12 – $31.79 $33.63B $33B – $34.39B 6
2030 $33.34 $32.52 – $34.32 $36.52B $35.83B – $37.35B 7
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