Adobe Inc
Research Adobe Inc (ADBE) on Bullrun: valuation model: 20.4% undervalued, market cap USD 109.29B, P/E 15.7. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerADBE
- ExchangeNASDAQ
- CountryUnited States
- SectorTechnology
- IndustrySoftware-Application
- CurrencyUSD
- Valuation signal20.4% undervalued
- Market capUSD 109.29B
- P/E15.7
- Financial periodQ2 2026
- RevenueUSD 6.62B
- Net incomeUSD 1.71B
- Free cash flowUSD 2.11B
- Gross margin89.2%
Valuation Snapshot
Bullrun's latest valuation model marks Adobe Inc as 20.4% undervalued; latest market cap is USD 109.29B; P/E is 15.7.
Peer valuation comparison
Latest P/E is 15.67x versus a Technology sector median of 28.57x (45.2% below).
Latest P/E is 15.67x versus a United States median of 24.87x (37.0% 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 | 2026-08-25 | USD 109.29B | 15.7 | 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;
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Frequently asked questions
Is Adobe Inc overvalued or undervalued?
Bullrun's valuation model currently marks Adobe Inc as 20.4% undervalued.
What is Adobe Inc's market cap?
Adobe Inc's market capitalization is USD 109.29B.
What is Adobe Inc's P/E ratio?
Adobe Inc's price-to-earnings (P/E) ratio is 15.7.
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.