Company Valuation: Adobe Inc.

Data adjusted to current consolidation scope
Fiscal Period: November 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 315,027 152,938 283,798 226,122 134,006 102,412 - -
Change - -51.45% 85.56% -20.32% -40.74% -23.58% - -
Enterprise Value (EV) 1 313,352 150,971 279,590 223,864 133,621 100,078 95,623 87,087
Change - -51.82% 85.19% -19.93% -40.31% -25.1% -4.45% -8.93%
P/E ratio 66.1x 32.6x 52.7x 41.6x 19.2x 13.9x 12.1x 10.5x
PBR 21.5x 10.9x 17.3x 16.1x 11.8x 7.68x 5.4x 3.88x
PEG - 40.83x 3.1x 9.11x 0.5x 1.48x 0.8x 0.7x
Capitalization / Revenue 20x 8.69x 14.6x 10.5x 5.64x 3.92x 3.6x 3.3x
EV / Revenue 19.9x 8.57x 14.4x 10.4x 5.62x 3.84x 3.36x 2.8x
EV / EBITDA 38.9x 17.2x 28.6x 20.6x 11.3x 8.05x 7.19x 6.1x
EV / EBIT 43.2x 19x 31.4x 22.3x 12.2x 8.57x 7.54x 6.32x
EV / FCF 45.5x 20.4x 40.3x 28.4x 13.6x 9.55x 8.59x 7.57x
FCF Yield 2.2% 4.9% 2.48% 3.52% 7.37% 10.5% 11.6% 13.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 10.02 10.1 11.82 12.36 16.7 18.26 20.92 24.12
Distribution rate - - - - - - - -
Net sales 1 15,785 17,606 19,409 21,505 23,769 26,093 28,435 31,074
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 7,392 8,269 9,148
Net Debt 1 -1,675 -1,967 -4,208 -2,258 -385 -2,334 -6,789 -15,325
Reference price 2 662.10 328.97 623.32 513.68 320.13 253.37 253.37 253.37
Nbr of stocks (in thousands) 475,800 464,900 455,300 440,200 418,600 404,200 - -
Announcement Date 12/16/21 12/15/22 12/13/23 12/11/24 12/10/25 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.87x3.84x8.05x-.--% 102B
29.99x19.45x23.1x-.--% 162B
30.23x6.16x15.03x-.--% 51.44B
36.02x5.82x16.27x0.38% 50.55B
19.9x4.83x12.31x1.05% 32.61B
28.39x2.7x8.11x-.--% 31.61B
16.54x6.64x13.41x-.--% 17.09B
34.31x2.26x13.15x-.--% 14.36B
71.38x4.45x18.21x-.--% 9.57B
33.61x - - 3.61% 8.75B
Average 31.42x 6.24x 14.18x 0.5% 48.04B
Weighted average by Cap. 26.97x 9.72x 15.71x 0.18%

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