Adobe Inc (ADBE) valuation
Adobe P/E ratio history
Adobe trades at 14.0 times its earnings over the last twelve months and 9.4 times the earnings analysts expect over the next twelve. At its last 10 fiscal year ends its P/E ranged from 19.2 (year to Nov 2025) to 61.5 (year to Dec 2021), with a median of 46.1.
| Fiscal year ended | Price | EPS | P/E | Forward P/E |
|---|---|---|---|---|
| Nov 28, 2025 | $320.13 | $16.70 | 19.2 | 14.1 |
| Nov 29, 2024 | $515.93 | $12.36 | 41.7 | — |
| Dec 1, 2023 | $612.47 | $11.82 | 51.8 | 35.0 |
| Dec 2, 2022 | $341.53 | $10.10 | 33.8 | 22.9 |
| Dec 3, 2021 | $616.53 | $10.02 | 61.5 | 44.6 |
| Nov 27, 2020 | $477.03 | $10.84 | 44.0 | — |
| Nov 29, 2019 | $309.53 | $6.00 | 51.6 | — |
| Nov 30, 2018 | $250.89 | $5.21 | 48.2 | — |
| Dec 1, 2017 | $179.52 | $3.39 | 53.0 | — |
| Dec 2, 2016 | $99.73 | $2.32 | 43.0 | — |
n/m: not meaningful (a loss, or earnings close to zero). The daily P/E line is a chart indicator in the app.
Adobe valuation against its peers
| Company | Market value | P/E | Forward P/E | Price / sales |
|---|---|---|---|---|
| AdobeADBE | $99.5B | 14.0 | 9.4 | 3.8 |
| IntuitINTU | $93.3B | 20.7 | 14.3 | 4.4 |
| SnowflakeSNOW | $106B | — | 116.6 | 19.5 |
| Cadence Design SystemsCDNS | $90.3B | 65.2 | 34.6 | 14.7 |
| SynopsysSNPS | $89.5B | 81.9 | 26.4 | 9.5 |
| DatadogDDOG | $83.7B | 470.5 | 85.4 | 21.1 |
| AppLovinAPP | $76.8B | 17.6 | 12.3 | 11.2 |
| SalesforceCRM | $188B | 20.9 | 14.0 | 4.3 |
| AutodeskADSK | $52.7B | 32.3 | 18.6 | 6.8 |
| Peer median | 32.3 | 22.5 | 10.4 |
Reading these multiples
The P/E divides the share price by earnings per share over the last twelve months; the forward P/E divides it by the earnings analysts expect over the next twelve. Price to sales compares the company's market value with its revenue over the last twelve months. A multiple reads differently from one industry to the next, so the peer group above is the fairer comparison.
See also: ADBE financials · ADBE returns
No forecast, no recommendation. This page describes Adobe Inc from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.