ADOBE INC (1ADBE.MI) Fundamental Analysis & Valuation

BIT:1ADBE • US00724F1012

242.5 EUR
+0.95 (+0.39%)
Last: Mar 9, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership

This 1ADBE.MI fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

7

Taking everything into account, 1ADBE scores 7 out of 10 in our fundamental rating. 1ADBE was compared to 121 industry peers in the Software industry. 1ADBE gets an excellent profitability rating and is at the same time showing great financial health properties. 1ADBE is valued quite cheap, while showing a decent growth score. This is a good combination! This makes 1ADBE very considerable for value and quality investing!


Dividend Valuation Growth Profitability Health

9

1. 1ADBE.MI Profitability Analysis

1.1 Basic Checks

  • 1ADBE had positive earnings in the past year.
  • 1ADBE had a positive operating cash flow in the past year.
  • In the past 5 years 1ADBE has always been profitable.
  • 1ADBE had a positive operating cash flow in each of the past 5 years.
1ADBE.MI Yearly Net Income VS EBIT VS OCF VS FCF1ADBE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • 1ADBE has a Return On Assets of 24.17%. This is amongst the best in the industry. 1ADBE outperforms 94.21% of its industry peers.
  • The Return On Equity of 1ADBE (61.34%) is better than 95.04% of its industry peers.
  • 1ADBE's Return On Invested Capital of 36.51% is amongst the best of the industry. 1ADBE outperforms 96.69% of its industry peers.
  • 1ADBE had an Average Return On Invested Capital over the past 3 years of 31.10%. This is significantly above the industry average of 13.12%.
  • The last Return On Invested Capital (36.51%) for 1ADBE is above the 3 year average (31.10%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 24.17%
ROE 61.34%
ROIC 36.51%
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
1ADBE.MI Yearly ROA, ROE, ROIC1ADBE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • Looking at the Profit Margin, with a value of 30.00%, 1ADBE belongs to the top of the industry, outperforming 90.08% of the companies in the same industry.
  • 1ADBE's Profit Margin has declined in the last couple of years.
  • 1ADBE has a better Operating Margin (36.63%) than 93.39% of its industry peers.
  • In the last couple of years the Operating Margin of 1ADBE has remained more or less at the same level.
  • Looking at the Gross Margin, with a value of 89.27%, 1ADBE belongs to the top of the industry, outperforming 85.12% of the companies in the same industry.
  • In the last couple of years the Gross Margin of 1ADBE has remained more or less at the same level.
Industry RankSector Rank
OM 36.63%
PM (TTM) 30%
GM 89.27%
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
1ADBE.MI Yearly Profit, Operating, Gross Margins1ADBE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. 1ADBE.MI Health Analysis

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so 1ADBE is creating value.
  • The number of shares outstanding for 1ADBE has been reduced compared to 1 year ago.
  • The number of shares outstanding for 1ADBE has been reduced compared to 5 years ago.
  • Compared to 1 year ago, 1ADBE has a worse debt to assets ratio.
1ADBE.MI Yearly Shares Outstanding1ADBE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
1ADBE.MI Yearly Total Debt VS Total Assets1ADBE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • 1ADBE has an Altman-Z score of 7.77. This indicates that 1ADBE is financially healthy and has little risk of bankruptcy at the moment.
  • 1ADBE has a Altman-Z score of 7.77. This is amongst the best in the industry. 1ADBE outperforms 87.60% of its industry peers.
  • The Debt to FCF ratio of 1ADBE is 0.63, which is an excellent value as it means it would take 1ADBE, only 0.63 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.63, 1ADBE belongs to the top of the industry, outperforming 80.99% of the companies in the same industry.
  • A Debt/Equity ratio of 0.53 indicates that 1ADBE is somewhat dependend on debt financing.
  • 1ADBE has a worse Debt to Equity ratio (0.53) than 67.77% of its industry peers.
  • Although 1ADBE's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Altman-Z 7.77
ROIC/WACC3.37
WACC10.83%
1ADBE.MI Yearly LT Debt VS Equity VS FCF1ADBE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • 1ADBE has a Current Ratio of 1.00. This is a bad value and indicates that 1ADBE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • 1ADBE's Current ratio of 1.00 is on the low side compared to the rest of the industry. 1ADBE is outperformed by 73.55% of its industry peers.
  • A Quick Ratio of 1.00 indicates that 1ADBE may have some problems paying its short term obligations.
  • 1ADBE has a Quick ratio of 1.00. This is in the lower half of the industry: 1ADBE underperforms 72.73% of its industry peers.
  • The current and quick ratio evaluation for 1ADBE is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
1ADBE.MI Yearly Current Assets VS Current Liabilites1ADBE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. 1ADBE.MI Growth Analysis

3.1 Past

  • The Earnings Per Share has grown by an nice 13.74% over the past year.
  • 1ADBE shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 15.87% yearly.
  • The Revenue has grown by 10.53% in the past year. This is quite good.
  • 1ADBE shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 13.06% yearly.
EPS 1Y (TTM)13.74%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%14.35%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%10.49%

3.2 Future

  • Based on estimates for the next years, 1ADBE will show a quite strong growth in Earnings Per Share. The EPS will grow by 9.91% on average per year.
  • The Revenue is expected to grow by 8.02% on average over the next years. This is quite good.
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue Next Year9.9%
Revenue Next 2Y9.5%
Revenue Next 3Y9.06%
Revenue Next 5Y8.02%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
1ADBE.MI Yearly Revenue VS Estimates1ADBE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
1ADBE.MI Yearly EPS VS Estimates1ADBE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40

More info and screens

Find the best growth stocksShow best growing peers

8

4. 1ADBE.MI Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 13.38, which indicates a correct valuation of 1ADBE.
  • Compared to the rest of the industry, the Price/Earnings ratio of 1ADBE indicates a rather cheap valuation: 1ADBE is cheaper than 86.78% of the companies listed in the same industry.
  • 1ADBE's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 26.45.
  • A Price/Forward Earnings ratio of 11.69 indicates a reasonable valuation of 1ADBE.
  • Based on the Price/Forward Earnings ratio, 1ADBE is valued cheaply inside the industry as 86.78% of the companies are valued more expensively.
  • 1ADBE's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 24.65.
Industry RankSector Rank
PE 13.38
Fwd PE 11.69
1ADBE.MI Price Earnings VS Forward Price Earnings1ADBE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, 1ADBE is valued a bit cheaper than the industry average as 69.42% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, 1ADBE is valued cheaper than 85.95% of the companies in the same industry.
Industry RankSector Rank
P/FCF 11.59
EV/EBITDA 11.83
1ADBE.MI Per share data1ADBE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40 50

4.3 Compensation for Growth

  • The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of 1ADBE may justify a higher PE ratio.
  • 1ADBE's earnings are expected to grow with 12.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.93
PEG (5Y)0.84
EPS Next 2Y13.62%
EPS Next 3Y12.09%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. 1ADBE.MI Dividend Analysis

5.1 Amount

  • 1ADBE does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

1ADBE.MI Fundamentals: All Metrics, Ratios and Statistics

ADOBE INC

BIT:1ADBE (3/9/2026, 7:00:00 PM)

242.5

+0.95 (+0.39%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-10
Earnings (Next)03-12
Inst Owners86.91%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap98.85B
Revenue(TTM)23.77B
Net Income(TTM)7.13B
Analysts75.22
Price Target358.89 (48%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-0.04%
Max EPS beat(2)0.55%
EPS beat(4)2
Avg EPS beat(4)0.15%
Min EPS beat(4)-0.06%
Max EPS beat(4)0.55%
EPS beat(8)6
Avg EPS beat(8)0.35%
EPS beat(12)10
Avg EPS beat(12)0.6%
EPS beat(16)11
Avg EPS beat(16)0.38%
Revenue beat(2)0
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-0.6%
Max Revenue beat(2)-0.59%
Revenue beat(4)0
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)-0.56%
Revenue beat(8)0
Avg Revenue beat(8)-0.95%
Revenue beat(12)0
Avg Revenue beat(12)-1.09%
Revenue beat(16)0
Avg Revenue beat(16)-1.22%
PT rev (1m)-2.52%
PT rev (3m)-9.12%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.54%
EPS NY rev (1m)0.02%
EPS NY rev (3m)0.56%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.61%
Revenue NY rev (1m)0.01%
Revenue NY rev (3m)0.54%
Valuation
Industry RankSector Rank
PE 13.38
Fwd PE 11.69
P/S 4.81
P/FCF 11.59
P/OCF 11.39
P/B 9.83
P/tB N/A
EV/EBITDA 11.83
EPS(TTM)18.13
EY7.48%
EPS(NY)20.74
Fwd EY8.55%
FCF(TTM)20.92
FCFY8.63%
OCF(TTM)21.3
OCFY8.78%
SpS50.46
BVpS24.68
TBVpS-3.67
PEG (NY)0.93
PEG (5Y)0.84
Graham Number100.33
Profitability
Industry RankSector Rank
ROA 24.17%
ROE 61.34%
ROCE 45.12%
ROIC 36.51%
ROICexc 55.47%
ROICexgc N/A
OM 36.63%
PM (TTM) 30%
GM 89.27%
FCFM 41.45%
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
ROICexc(3y)49.26%
ROICexc(5y)43.65%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)38.43%
ROCE(5y)35.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y13.31%
ROICexc growth 5Y14.65%
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
F-Score7
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Debt/EBITDA 0.65
Cap/Depr 21.88%
Cap/Sales 0.75%
Interest Coverage 250
Cash Conversion 105.32%
Profit Quality 138.18%
Current Ratio 1
Quick Ratio 1
Altman-Z 7.77
F-Score7
WACC10.83%
ROIC/WACC3.37
Cap/Depr(3y)28.17%
Cap/Depr(5y)36.06%
Cap/Sales(3y)1.15%
Cap/Sales(5y)1.63%
Profit Quality(3y)135.89%
Profit Quality(5y)141.18%
High Growth Momentum
Growth
EPS 1Y (TTM)13.74%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%14.35%
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%10.49%
Revenue Next Year9.9%
Revenue Next 2Y9.5%
Revenue Next 3Y9.06%
Revenue Next 5Y8.02%
EBIT growth 1Y12.47%
EBIT growth 3Y12.6%
EBIT growth 5Y14.5%
EBIT Next Year13.1%
EBIT Next 3Y8.83%
EBIT Next 5Y9.3%
FCF growth 1Y25.14%
FCF growth 3Y10.03%
FCF growth 5Y13.17%
OCF growth 1Y24.52%
OCF growth 3Y8.57%
OCF growth 5Y11.86%

ADOBE INC / 1ADBE.MI FAQ

What is the ChartMill fundamental rating of ADOBE INC (1ADBE.MI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to 1ADBE.MI.


What is the valuation status of ADOBE INC (1ADBE.MI) stock?

ChartMill assigns a valuation rating of 8 / 10 to ADOBE INC (1ADBE.MI). This can be considered as Undervalued.


How profitable is ADOBE INC (1ADBE.MI) stock?

ADOBE INC (1ADBE.MI) has a profitability rating of 9 / 10.


What is the valuation of ADOBE INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ADOBE INC (1ADBE.MI) is 13.38 and the Price/Book (PB) ratio is 9.83.