Adobe Inc
Research Adobe Inc (ADBE) on Bullrun: valuation model: 35.6% undervalued, market cap USD 94.73B, P/E 13.5. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerADBE
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal35.6% undervalued
- Market capUSD 94.73B
- P/E13.5
- Financial periodQ3 2026
- RevenueUSD 6.76B
- Net incomeUSD 1.83B
- Free cash flowUSD 2.44B
- Gross margin88.7%
Valuation Snapshot
Bullrun's latest valuation model marks Adobe Inc as 35.6% undervalued; latest market cap is USD 94.73B; P/E is 13.5.
Peer valuation comparison
Latest P/E is 13.52x versus a Technology sector median of 28.78x (53.0% below).
Latest P/E is 13.52x versus a United States median of 23.85x (43.3% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 23.77B | USD 7.13B | USD 9.85B | 89.3% | 16.7 | USD 5.43B | USD 6.21B | USD 11.62B |
| FY2024 | USD 21.51B | USD 5.56B | USD 7.87B | 89.0% | 12.36 | USD 7.61B | USD 5.63B | USD 14.11B |
| FY2023 | USD 19.41B | USD 5.43B | USD 6.94B | 87.9% | 11.82 | USD 7.14B | USD 3.63B | USD 16.52B |
| FY2022 | USD 17.61B | USD 4.76B | USD 7.40B | 87.7% | 10.1 | USD 4.24B | USD 4.13B | USD 14.05B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-09 | USD 94.73B | 13.5 | n/a | n/a |
| 2025 | 2025-12-31 | USD 144.55B | 20.9 | n/a | n/a |
| 2024 | 2024-12-31 | USD 196.10B | 35.8 | n/a | n/a |
| 2023 | 2023-12-29 | USD 271.45B | 50.5 | n/a | n/a |
| 2022 | 2022-12-30 | USD 155.48B | 33.3 | n/a | n/a |
| 2021 | 2021-12-31 | USD 269.35B | 56.6 | n/a | n/a |
About Adobe Inc
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers. The Digital Experience segment provides an integrated platform;
ETFs that hold Adobe Inc
Adobe Inc is one of the ten largest holdings of 16 ETFs that investors in Europe can buy. The 8 most traded of them:
| ETF | Weight | TER |
|---|---|---|
| State Street SPDR MSCI USA Value UCITS ETF USD Acc | 2.82% | 0.20% |
| SSgA State Street SPDR MSCI World Value UCITS ETF | 1.67% | 0.25% |
| Amundi MSCI ACWI SRI Climate Paris Aligned UCITS ETF DR - USD (A) | 1.76% | 0.20% |
| YieldMax Big Tech Option Income UCITS ETF | 4.19% | 0.99% |
| iShares AI Adopters & Applications UCITS ETF USD (Acc) | 1.83% | 0.35% |
| Invesco Global Buyback Achievers UCITS ETF | 2.50% | 0.39% |
| WisdomTree US Value UCITS ETF - USD Acc | 1.50% | 0.20% |
| Amundi MSCI World Catholic Principles - UCITS ETF Acc | 0.96% | 0.30% |
Compare every fund on the same index:
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Frequently asked questions
Is Adobe Inc overvalued or undervalued?
Bullrun's valuation model currently marks Adobe Inc as 35.6% undervalued.
What is Adobe Inc's market cap?
Adobe Inc's market capitalization is USD 94.73B.
What is Adobe Inc's P/E ratio?
Adobe Inc's price-to-earnings (P/E) ratio is 13.5.
What does Adobe Inc do?
Adobe Inc. operates as a technology company worldwide. The Digital Media segment offers products and services that enable individuals, teams, and enterprises to create, publish, and promote content. This segment serves photographers, video editors, graphic and experience designers, game developers, content creators, students, marketers, business owners, knowledge workers, and consumers.