Company Valuation: Adobe Inc.

Data adjusted to current consolidation scope
Fiscal Period: November 2020 2021 2022 2023 2024 2025 2026 2027
Capitalization 1 228,840 327,108 151,920 281,098 227,112 155,168 - -
Change - 42.94% -53.56% 85.03% -19.21% -31.68% - -
Enterprise Value (EV) 1 226,965 325,433 149,953 276,890 224,854 154,088 150,896 145,264
Change - 43.38% -53.92% 84.65% -18.79% -31.47% -2.07% -3.73%
P/E ratio 44x 68.6x 32.4x 52.2x 41.7x 22.6x 20.1x 17.7x
PBR 17.4x 22.3x 10.8x 17.2x 16.1x 12.4x 9.36x 6.87x
PEG - -9.17x 40.58x 3.1x 9.13x 0.7x 1.6x 1.3x
Capitalization / Revenue 17.8x 20.7x 8.63x 14.5x 10.6x 6.58x 6.02x 5.5x
EV / Revenue 17.6x 20.6x 8.52x 14.3x 10.5x 6.54x 5.85x 5.15x
EV / EBITDA 36.2x 40.4x 17x 28.3x 20.7x 13.3x 12x 10.7x
EV / EBIT 41.1x 44.8x 18.9x 31x 22.4x 14.2x 12.7x 11.1x
EV / FCF 42.8x 47.2x 20.3x 39.9x 28.6x 16.7x 14.7x 12.8x
FCF Yield 2.34% 2.12% 4.93% 2.51% 3.5% 6% 6.82% 7.84%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 10.83 10.02 10.1 11.82 12.36 16.16 18.23 20.67
Distribution rate - - - - - - - -
Net sales 1 12,868 15,785 17,606 19,409 21,505 23,567 25,780 28,222
EBITDA 1 6,278 8,047 8,801 9,790 10,876 11,575 12,568 13,594
EBIT 1 5,521 7,259 7,945 8,918 10,019 10,852 11,903 13,047
Net income 1 5,260 4,822 4,756 5,428 5,560 6,998 7,738 8,674
Net Debt 1 -1,875 -1,675 -1,967 -4,208 -2,258 -1,080 -4,272 -9,904
Reference price 2 477.03 687.49 326.78 617.39 515.93 365.79 365.79 365.79
Nbr of stocks (in thousands) 479,719 475,800 464,900 455,300 440,200 424,200 - -
Announcement Date 12/10/20 12/16/21 12/15/22 12/13/23 12/11/24 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
22.63x6.54x13.31x-.--% 155B
45.33x22.62x29.78x-.--% 123B
59.25x9.06x23.35x-.--% 63.55B
87.46x5.86x18.41x-.--% 62.19B
39x8.3x20.9x0.55% 58.57B
1308.02x14.44x66.09x-.--% 50.08B
40.66x4.7x13.19x0.53% 37.72B
46.71x9.98x22.14x-.--% 23.94B
145.23x6.02x42.42x-.--% 22.02B
95.25x12.28x40.17x0.02% 19.45B
Average 188.95x 9.98x 28.98x 0.11% 61.6B
Weighted average by Cap. 152.27x 10.94x 25.40x 0.09%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield