Adobe Inc.
Current price206.36USD
Fair value (est., median)367.45USD
UndervaluedFair valueOvervalued
-43.8% below fair valueWould need to rise ~78.1% to reach fair value.
Health Check
71.4
Overall / 100
Good (66+)Caution (40–65)Risk (<40)
Value60/100
Trades about 43.8% below its estimated fair value.
- Discount to fair value
- 43.8%
- Price to book
- 7.18×
- Fair-value confidence
- —
Future57.1/100
Modest growth of about 8% a year is expected.
- Forecast growth (rev.)
- 8%
- Revenue CAGR (18y)
- 11.9%
- Earnings CAGR (18y)
- 13.6%
Past87.3/100
High-quality returns — ROE around 61.3%.
- Return on equity
- 61.3%
- Net margin
- 30%
- Earnings CAGR (18y)
- 13.6%
- Profitable years
- 19/19
Health81/100
Balance sheet is manageable.
- Debt to equity
- 57.2%
- Net debt to equity
- 10.5%
- Cash covers total debt
- No
- Free cash flow
- Positive
Dividend0/100
Pays no dividend.
- Dividend yield
- —
Rewards
- Trades 43.8% below estimated fair value.
- Healthy balance sheet.
Risks
- Expensive on book (P/B 7.2×).
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
| 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 | 0.00/sh | 0.00/sh | 0.00/sh | 0.00/sh | 0.00/sh |
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 | — | — | — | — | — | — |
| 2021 | — | — | — | — | — | — |
| 2020 | — | — | — | — | — | — |
| 2019 | — | — | — | — | — | — |
| 2018 | — | — | — | — | — | — |
| 2017 | — | — | — | — | — | — |
| 2016 | — | — | — | — | — | — |
| 2015 | — | — | — | — | — | — |
| 2014 | — | — | — | — | — | — |
| 2013 | — | — | — | — | — | — |
| 2012 | — | — | — | — | — | — |
| 2011 | — | — | — | — | — | — |
| 2010 | — | — | — | — | — | — |
| 2009 | — | — | — | — | — | — |
| 2008 | — | — | — | — | — | — |
| 2007 | — | — | — | — | — | — |
| 2006 | — | — | — | — | — | — |
| 2005 | 0.01 | — | — | — | 0.01 | 0.0% |
| 2004 | 0.02 | 0.01 | 0.01 | 0.01 | 0.05 | 0.2% |
| 2003 | 0.02 | 0.01 | 0.01 | — | 0.04 | 0.2% |
| 2002 | 0.01 | 0.01 | 0.01 | — | 0.03 | 0.2% |
| 2001 | 0.02 | 0.01 | 0.01 | 0.01 | 0.05 | 0.3% |
| 2000 | 0.01 | 0.01 | 0.01 | — | 0.03 | 0.1% |
| 1999 | 0.01 | 0.01 | 0.01 | 0.01 | 0.04 | 0.3% |
| 1998 | — | — | 0.01 | 0.01 | 0.02 | 0.4% |
| 1997 | 0.02 | — | 0.03 | — | 0.05 | 1.0% |
| 1996 | 0.01 | 0.01 | 0.02 | — | 0.04 | 0.9% |
| 1995 | 0.02 | — | 0.01 | 0.01 | 0.04 | 0.6% |
| 1994 | 0.02 | 0.01 | 0.01 | — | 0.04 | 1.0% |
| 1993 | 0.02 | 0.01 | — | 0.01 | 0.04 | 1.2% |
| 1992 | 0.02 | 0.01 | 0.01 | — | 0.04 | 1.6% |
| 1991 | 0.01 | 0.01 | 0.01 | — | 0.03 | 0.9% |
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، Graham).
Discounted Cash Flow
Tap to adjust assumptions
367.45 USD
Dividend Discount Model
Excluded — company pays no dividend
N/A
Graham Number
Tap to adjust assumptions
103.06 USD
Residual Income (justified P/B)
Excluded — needs positive book value
N/A
Earnings Power Value
Excluded — non-positive normalized earnings
N/A
Fair Value (median)367.45 USD
▸ Show assumptions▾ Assumptions
- Effective discount rate
- 14.30%
- 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
- 2.1M USD
- Total return
- +5068.7%(+3.1% Dividends · +5065.6% Capital gain)
- Annualised (IRR)
- +15.0%
Invested41KUSD
Dividends1.3KUSD
Capital gain2.1MUSD
InvestedCapital gainDividendstap a bar for figures
Community Notes0
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