ADOBE INC (ADB.DE) Fundamental Analysis & Valuation
FRA:ADB • US00724F1012
Current stock price
192.26 EUR
-3.7 (-1.89%)
Last:
This ADB.DE fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. ADB.DE Profitability Analysis
1.1 Basic Checks
- ADB had positive earnings in the past year.
- In the past year ADB had a positive cash flow from operations.
- Each year in the past 5 years ADB has been profitable.
- In the past 5 years ADB always reported a positive cash flow from operatings.
1.2 Ratios
- Looking at the Return On Assets, with a value of 24.27%, ADB belongs to the top of the industry, outperforming 95.45% of the companies in the same industry.
- ADB's Return On Equity of 63.05% is amongst the best of the industry. ADB outperforms 96.36% of its industry peers.
- ADB has a better Return On Invested Capital (39.60%) than 97.27% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for ADB is significantly above the industry average of 13.72%.
- The 3 year average ROIC (31.10%) for ADB is below the current ROIC(39.60%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.27% | ||
| ROE | 63.05% | ||
| ROIC | 39.6% |
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
1.3 Margins
- ADB has a Profit Margin of 29.48%. This is amongst the best in the industry. ADB outperforms 91.82% of its industry peers.
- In the last couple of years the Profit Margin of ADB has declined.
- With an excellent Operating Margin value of 36.65%, ADB belongs to the best of the industry, outperforming 94.55% of the companies in the same industry.
- ADB's Operating Margin has been stable in the last couple of years.
- ADB has a Gross Margin of 89.40%. This is amongst the best in the industry. ADB outperforms 86.36% of its industry peers.
- ADB's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 36.65% | ||
| PM (TTM) | 29.48% | ||
| GM | 89.4% |
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
2. ADB.DE Health Analysis
2.1 Basic Checks
- The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ADB is creating value.
- Compared to 1 year ago, ADB has less shares outstanding
- The number of shares outstanding for ADB has been reduced compared to 5 years ago.
- ADB has a worse debt/assets ratio than last year.
2.2 Solvency
- An Altman-Z score of 7.07 indicates that ADB is not in any danger for bankruptcy at the moment.
- The Altman-Z score of ADB (7.07) is better than 86.36% of its industry peers.
- The Debt to FCF ratio of ADB is 0.60, which is an excellent value as it means it would take ADB, only 0.60 years of fcf income to pay off all of its debts.
- The Debt to FCF ratio of ADB (0.60) is better than 86.36% of its industry peers.
- A Debt/Equity ratio of 0.47 indicates that ADB is not too dependend on debt financing.
- ADB has a worse Debt to Equity ratio (0.47) than 64.55% of its industry peers.
- Even though the debt/equity ratio score it not favorable for ADB, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.6 | ||
| Altman-Z | 7.07 |
ROIC/WACC3.65
WACC10.85%
2.3 Liquidity
- ADB has a Current Ratio of 0.91. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
- ADB's Current ratio of 0.91 is on the low side compared to the rest of the industry. ADB is outperformed by 78.18% of its industry peers.
- ADB has a Quick Ratio of 0.91. This is a bad value and indicates that ADB is not financially healthy enough and could expect problems in meeting its short term obligations.
- ADB's Quick ratio of 0.91 is on the low side compared to the rest of the industry. ADB is outperformed by 76.36% of its industry peers.
- The current and quick ratio evaluation for ADB 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 Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 |
3. ADB.DE Growth Analysis
3.1 Past
- The Earnings Per Share has grown by an nice 15.30% over the past year.
- Measured over the past years, ADB shows a quite strong growth in Earnings Per Share. The EPS has been growing by 15.87% on average per year.
- ADB shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.96%.
- The Revenue has been growing by 13.06% on average over the past years. This is quite good.
EPS 1Y (TTM)15.3%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%19.29%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%11.97%
3.2 Future
- The Earnings Per Share is expected to grow by 9.91% on average over the next years. This is quite good.
- Based on estimates for the next years, ADB will show a quite strong growth in Revenue. The Revenue will grow by 8.02% on average per year.
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue Next Year9.98%
Revenue Next 2Y9.39%
Revenue Next 3Y9.13%
Revenue Next 5Y8.02%
3.3 Evolution
- The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
- 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.
4. ADB.DE Valuation Analysis
4.1 Price/Earnings Ratio
- The Price/Earnings ratio is 10.24, which indicates a very decent valuation of ADB.
- Compared to the rest of the industry, the Price/Earnings ratio of ADB indicates a rather cheap valuation: ADB is cheaper than 91.82% of the companies listed in the same industry.
- ADB is valuated cheaply when we compare the Price/Earnings ratio to 26.78, which is the current average of the S&P500 Index.
- ADB is valuated reasonably with a Price/Forward Earnings ratio of 8.31.
- Based on the Price/Forward Earnings ratio, ADB is valued cheaper than 91.82% of the companies in the same industry.
- ADB is valuated cheaply when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.24 | ||
| Fwd PE | 8.31 |
4.2 Price Multiples
- Based on the Enterprise Value to EBITDA ratio, ADB is valued a bit cheaper than the industry average as 77.27% of the companies are valued more expensively.
- Based on the Price/Free Cash Flow ratio, ADB is valued cheaply inside the industry as 89.09% of the companies are valued more expensively.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 8.88 | ||
| EV/EBITDA | 9.46 |
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.
- ADB has an outstanding profitability rating, which may justify a higher PE ratio.
- ADB's earnings are expected to grow with 12.09% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.71
PEG (5Y)0.65
EPS Next 2Y13.62%
EPS Next 3Y12.09%
5. ADB.DE Dividend Analysis
5.1 Amount
- ADB does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0% |
ADB.DE Fundamentals: All Metrics, Ratios and Statistics
FRA:ADB (4/10/2026, 7:00:00 PM)
192.26
-3.7 (-1.89%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)03-12 2026-03-12/amc
Earnings (Next)06-10 2026-06-10/amc
Inst Owners88.63%
Inst Owner ChangeN/A
Ins Owners0.19%
Ins Owner ChangeN/A
Market Cap77.71B
Revenue(TTM)24.45B
Net Income(TTM)7.21B
Analysts72.44
Price Target288.93 (50.28%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector 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)0.56%
Min EPS beat(2)-0.04%
Max EPS beat(2)1.17%
EPS beat(4)2
Avg EPS beat(4)0.4%
Min EPS beat(4)-0.06%
Max EPS beat(4)1.17%
EPS beat(8)6
Avg EPS beat(8)0.46%
EPS beat(12)10
Avg EPS beat(12)0.6%
EPS beat(16)12
Avg EPS beat(16)0.52%
Revenue beat(2)0
Avg Revenue beat(2)-0.32%
Min Revenue beat(2)-0.59%
Max Revenue beat(2)-0.05%
Revenue beat(4)0
Avg Revenue beat(4)-0.45%
Min Revenue beat(4)-0.6%
Max Revenue beat(4)-0.05%
Revenue beat(8)0
Avg Revenue beat(8)-0.81%
Revenue beat(12)0
Avg Revenue beat(12)-0.99%
Revenue beat(16)0
Avg Revenue beat(16)-1.13%
PT rev (1m)0%
PT rev (3m)-6.46%
EPS NQ rev (1m)2.7%
EPS NQ rev (3m)2.6%
EPS NY rev (1m)0%
EPS NY rev (3m)0.01%
Revenue NQ rev (1m)0.5%
Revenue NQ rev (3m)0.47%
Revenue NY rev (1m)0.08%
Revenue NY rev (3m)0.08%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 10.24 | ||
| Fwd PE | 8.31 | ||
| P/S | 3.75 | ||
| P/FCF | 8.88 | ||
| P/OCF | 8.72 | ||
| P/B | 8.01 | ||
| P/tB | N/A | ||
| EV/EBITDA | 9.46 |
EPS(TTM)18.77
EY9.76%
EPS(NY)23.15
Fwd EY12.04%
FCF(TTM)21.66
FCFY11.27%
OCF(TTM)22.06
OCFY11.47%
SpS51.34
BVpS24
TBVpS-3.97
PEG (NY)0.71
PEG (5Y)0.65
Graham Number100.68
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 24.27% | ||
| ROE | 63.05% | ||
| ROCE | 48.93% | ||
| ROIC | 39.6% | ||
| ROICexc | 63.48% | ||
| ROICexgc | N/A | ||
| OM | 36.65% | ||
| PM (TTM) | 29.48% | ||
| GM | 89.4% | ||
| FCFM | 42.19% |
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-Score8
Asset Turnover0.82
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.47 | ||
| Debt/FCF | 0.6 | ||
| Debt/EBITDA | 0.55 | ||
| Cap/Depr | 24.52% | ||
| Cap/Sales | 0.78% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 107.92% | ||
| Profit Quality | 143.13% | ||
| Current Ratio | 0.91 | ||
| Quick Ratio | 0.91 | ||
| Altman-Z | 7.07 |
F-Score8
WACC10.85%
ROIC/WACC3.65
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)15.3%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%19.29%
EPS Next Y14.39%
EPS Next 2Y13.62%
EPS Next 3Y12.09%
EPS Next 5Y9.91%
Revenue 1Y (TTM)10.96%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%11.97%
Revenue Next Year9.98%
Revenue Next 2Y9.39%
Revenue Next 3Y9.13%
Revenue Next 5Y8.02%
EBIT growth 1Y12.05%
EBIT growth 3Y12.6%
EBIT growth 5Y14.5%
EBIT Next Year13.1%
EBIT Next 3Y8.83%
EBIT Next 5Y9.3%
FCF growth 1Y59.04%
FCF growth 3Y10.03%
FCF growth 5Y13.17%
OCF growth 1Y54.9%
OCF growth 3Y8.57%
OCF growth 5Y11.86%
ADOBE INC / ADB.DE Fundamental Analysis FAQ
Can you provide the ChartMill fundamental rating for ADOBE INC?
ChartMill assigns a fundamental rating of 7 / 10 to ADB.DE.
What is the valuation status for ADB stock?
ChartMill assigns a valuation rating of 9 / 10 to ADOBE INC (ADB.DE). This can be considered as Undervalued.
What is the profitability of ADB stock?
ADOBE INC (ADB.DE) 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 (ADB.DE) is 10.24 and the Price/Book (PB) ratio is 8.01.