Adobe Inc. (ADBE) Stock Analysis
Over the past 10 years, Adobe (ADBE) earnings per share (EPS) grew 29.5% a year, revenue grew 17.4% a year and free cash flow grew 22.6% a year, with an average return on invested capital (ROIC) of 22.3%. ADBE stock trades at $245.20, a P/E of 10.4, below its historical average of 40.3. Analysts' average 12-month price target is $260.61 (+6.3%).
Adobe Inc. stands as a prominent global software provider, delivering a diverse range of solutions. Its operations are structured into three primary business divisions: Digital Media, Digital Experience, and Publishing and Advertising.
Exhibit A Growth Dossier
| Metric | 10yr | 5yr | 1yr | Grade |
|---|---|---|---|---|
| Book Value/Share GrowthBV/S | 7.0% | -0.1% | 8.8% | C |
| EPS GrowthEPS | 29.5% | 8.9% | 16.7% | A- |
| Revenue GrowthRevenue | 17.4% | 13.1% | 12.0% | A- |
| Cash Flow GrowthCash Flow | 22.6% | 13.2% | 14.0% | A |
| ROICROIC | 22.3% | 27.1% | 36.7% | A+ |
Exhibit B Valuation Ledger
- Current EPS
- $23.65
- Historical Avg P/E
- 40.3
- Future P/E (used for sticker price)
- Projected EPS (10yr)
- Sticker Price (10yr)
- Price for 15% Annual Return
- Expected Annual Return
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Not investment advice — a structured read of historical fundamentals, not a forecast or recommendation. Always do your own research.
Exhibit C Raw Data (last 10 years)
| Metric | Trend | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Book Value / ShareBV/S | $13.81 | $14.72 | $16.88 | $18.81 | $21.42 | $27.35 | $30.76 | $29.83 | $35.99 | $31.34 | $29.78 | |
| Basic EPSEPS | $1.26 | $2.35 | $3.43 | $5.28 | $6.07 | $10.94 | $10.10 | $10.13 | $11.88 | $12.44 | $23.65 | |
| RevenueRevenue | $4,795,511,000 | $5,854,430,000 | $7,301,505,000 | $9,030,008,000 | $11,171,297,000 | $12,868,000,000 | $15,785,000,000 | $17,606,000,000 | $19,409,000,000 | $21,505,000,000 | $25,970,000,000 | |
| Free Cash FlowCash Flow | $1,284,566,000 | $1,995,923,000 | $2,734,731,000 | $3,762,725,000 | $4,087,333,000 | $5,308,000,000 | $6,893,000,000 | $7,396,000,000 | $6,942,000,000 | $7,873,000,000 | $10,939,000,000 | |
| ROIC (%)ROIC | 6.8% | 12.3% | 15.6% | 18.2% | 19.1% | 22.5% | 24.0% | 24.6% | 24.6% | 25.4% | — |
The exact underlying data used to compute the growth rates and grades above. The highlighted TTM column is the trailing twelve months through the most recently reported quarter.
Ticker INVESTigator Price Target
Analyst Data
Price Target
Where the stock trades today vs. the range of 12-month price targets from covering analysts.
64 firms rate it — 28 buy, 29 hold, 7 sell · Most recent Oct 2026
ADBE Stock FAQ
What is ADBE's stock price target?
The average 12-month analyst price target for ADBE is $260.61, with a range of $190.00 to $379.00. That is +6.3% from the current price of $245.20.
Do analysts rate ADBE a buy?
Opinion is mixed. Of 64 firms covering Adobe, the ratings are 28 buy or strong buy, 29 hold and 7 sell or strong sell.
How fast is Adobe growing?
Annual growth rates for ADBE. EPS: 29.5% over 10 years, 8.9% over 5 years, 16.7% over 1 year. Revenue: 17.4% over 10 years, 13.1% over 5 years, 12.0% over 1 year. Free cash flow: 22.6% over 10 years, 13.2% over 5 years, 14.0% over 1 year. Book value per share: 7.0% over 10 years, -0.1% over 5 years, 8.8% over 1 year.
What is ADBE's ROIC?
Adobe's return on invested capital (ROIC) was 25.4% in fiscal 2024. Its 10-year average ROIC is 22.3%. ROIC above 10% is generally a sign of a business with a durable competitive advantage.
What is ADBE's P/E ratio?
ADBE's current P/E ratio is 10.4, compared with a historical average of 40.3. Trailing earnings per share are $23.65.
What is Adobe's market cap and stock price?
ADBE last traded at $245.20 as of October 19, 2026. Its 52-week range is $190.12 to $363.70. Adobe has a market cap of $95.43B.
Exhibit D Related Coverage
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Data as of October 19, 2026. Findings are derived from historical fundamentals — not a forecast, not advice. Cross-examine before you invest.
Grades are produced by Ticker INVESTigator's own model from public financial data and are for informational and educational purposes only. They are not investment advice or a recommendation to buy or sell any security. Do your own research.