Adobe Inc.
- Price
- 225.11 USD
- Fair value
- 365.25 USD
- Discount to fair value
- +38%
- Mkt cap
- 90.99B
- P/E
- 12.8×
- P/B
- 7.83×
- EV
- 92.21B
- ROE
- 61.3%
- Net margin
- 30.0%
Current price225.11USD
Fair value (est., median)365.25USD
UndervaluedFair valueOvervalued
-38.4% below fair valueWould need to rise ~62.3% to reach fair value.
Median ofDCF 365.25
Health Check
70.1
Overall / 100
Good (66+)Caution (40–65)Risk (<40)
Rewards
- Trades 38.4% below estimated fair value.
- Strong return on equity (61.3%).
- Healthy balance sheet.
Risks
- Low fair-value confidence — methods disagree or data is thin.
- Expensive on book (P/B 7.8×).
Scores are computed automatically from the real financial statements (Value from fair value; the rest from growth, profitability, balance sheet and dividends). A decision aid, not investment advice.
Price, corporate actions & news
Demo series
D — DividendS — Split▲ good · ▼ bad newstap a marker for details
Growth & profitability
Revenue, net income and margin.
RevenueNet incomeNet margin %tap a bar for figures
Key figures
Covers 19 years · FY2007–FY2025
| Metric | FY'21 | FY'22 | FY'23 | FY'24 | FY'25 |
|---|---|---|---|---|---|
| Revenue | 15.79B | 17.61B | 19.41B | 21.50B | 23.77B |
| Net Income | 4.82B | 4.76B | 5.43B | 5.56B | 7.13B |
| Net Margin | 30.5% | 27.0% | 28.0% | 25.9% | 30.0% |
| Operating Cash Flow | 7.23B | 7.84B | 7.30B | 8.06B | 10.03B |
| OCF Margin | 45.8% | 44.5% | 37.6% | 37.5% | 42.2% |
| Capital Expenditure | 348.00M | 442.00M | 360.00M | 183.00M | 179.00M |
| Free Cash Flow | 6.88B | 7.40B | 6.94B | 7.87B | 9.85B |
| FCF Margin | 43.6% | 42.0% | 35.8% | 36.6% | 41.4% |
| FCF Conversion | 142.7% | 155.5% | 127.9% | 141.6% | 138.2% |
| EPS (Diluted) | 11.93/sh | 11.77/sh | 13.43/sh | 13.76/sh | 17.64/sh |
| Dividend / Share | — | — | — | — | — |
Dividend return (if you buy today)
This company doesn’t currently pay a dividend, so there’s no income return to project. The fair-value gauge above covers the price side.
Dividend history
Dividend / share & historical yield (USD).
No dividend history — this company doesn’t currently pay a dividend.
Quarterly dividends & yield
Per-share dividends by quarter, full-year total, and yield on the year's average price · USD
| Year | Q1 | Q2 | Q3 | Q4 | Full year | Yield (avg) |
|---|---|---|---|---|---|---|
| 2026 | — | — | — | — | — | — |
| 2025 | — | — | — | — | — | — |
| 2024 | — | — | — | — | — | — |
| 2023 | — | — | — | — | — | — |
| 2022 | — | — | — | — | — | — |
Corporate actions
SStock Split
2×2005-05-24
DCash Dividend
0.01 USD /sh2005-03-24
DCash Dividend
0.01 USD /sh2004-12-23
DCash Dividend
0.01 USD /sh2004-09-24
DCash Dividend
0.01 USD /sh2004-06-25
DCash Dividend
0.01 USD /sh2004-03-26
DCash Dividend
0.01 USD /sh2004-01-07
DCash Dividend
0.01 USD /sh2003-09-19
DCash Dividend
0.01 USD /sh2003-06-19
DCash Dividend
0.01 USD /sh2003-03-20
Valuation breakdown
Fair value = median of the applicable methods (DCF).
Each method below is a different lens on the same company — no single method dominates the result.
Discounted Cash Flow
Values the company from the future cash it's expected to generate. · Tap to adjust assumptions
365.25 USD
Dividend Discount Model
Excluded — company pays no dividend
N/A
Graham Number
A conservative benchmark built from earnings and book value. · Tap to adjust assumptions
103.06 USD
Residual Income (justified P/B)
Values the profit the company earns above the cost of its equity. · Tap to adjust assumptions
129.30 USD
Earnings Power Value
Values today's earning power as-is, assuming no growth. · Tap to adjust assumptions
109.23 USD
DCF only is anchored on FY2025 — the latest year with positive cash flow that supports a value. The other methods (DDM, Graham, RIM, EPV) use current / normalized figures.
Fair Value (median)365.25 USD
▸ Show assumptions▾ Assumptions
- Effective discount rate
- 14.35%
- CAPM cost of equity
- 15.03%
- Risk-free rate
- 4.50%
- Equity risk premium
- 7.50%
- DCF growth (stage 1)
- 8.00%
- DCF terminal growth
- 3.00%
- DCF forecast years
- 10
- DDM dividend growth
- 3.00%
Tune these per company in the Hajras Odoo backend; values recompute automatically.
Wealth simulator
What if you'd invested in Adobe Inc. regularly?
Starting year
- Invested
- 1K/yr · 41K total(1986 → today · 41 yrs)
- your value today is
- 2.3M USD
- Total return
- +5538.1%(+3.1% Dividends · +5534.9% Capital gain)
- Annualised (IRR)
- +15.2%
Invested41KUSD
Dividends1.3KUSD
Capital gain2.3MUSD
InvestedCapital gainDividendstap a bar for figures
Community Notes0
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