Question 1

What is Adobe's P/B ratio?

Accepted Answer

Adobe (ADBE) P/B ratio is 7.6× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by book value of equity, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/B ratio calculated?

Accepted Answer

P/B = Market Capitalisation ÷ Book Value of Equity (most recent quarterly shareholders' equity), or equivalently Share Price ÷ Book Value Per Share. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/B ratio?

Accepted Answer

The price-to-book (P/B) ratio compares a company's market capitalisation to its book value of equity (total shareholders' equity) on the most recent quarterly balance sheet. It is calculated as market cap ÷ book value of equity (equivalent to share price ÷ book value per share). A P/B below 1× implies the market values the business below its accounting net worth; values well above 1× reflect intangible assets, brand value, or a high return on equity.

Question 4

What is a good P/B ratio for Adobe?

Accepted Answer

A "good" P/B depends on the business model. Banks, insurers, and other capital-heavy financials typically trade near 1×; asset-light technology and consumer-brand companies can sustainably trade at 5×+ because much of their value is intangible. P/B is most informative when paired with return on equity (ROE). For Adobe specifically, the relevant sector benchmark is the current sector median of 5.6×.

Question 5

Is Adobe's P/B ratio high or low?

Accepted Answer

Adobe's P/B ratio of 7.6× is below its own 5-year average of 14.5× and above the sector median of 5.6×. That places the current reading at the 1th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Adobe's historical P/B ratio range?

Accepted Answer

In the available daily series, Adobe (ADBE) P/B ratio has ranged from a low of 1.9× in 2009 to a high of 23.1× in 2021. The 5-year average is 14.5× and the 5-year median is 14.6×.

Question 7

What was Adobe's P/B ratio in 2025?

Accepted Answer

Adobe (ADBE) P/B ratio at the end of 2025 was 11.5×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month book value figure available at that date.

Question 8

Why does Adobe's P/B ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (book value). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$133B	$11.6B	11.5×	-4.7×	Nov 28, 2025
2024	$229B	$14.1B	16.2×	-0.7×	Nov 29, 2024
2023	$279B	$16.5B	16.9×	+5.6×	Dec 1, 2023
2022	$159B	$14.1B	11.3×	-8.5×	Dec 2, 2022
2021	$293B	$14.8B	19.8×	+2.6×	Dec 3, 2021
2020	$228B	$13.3B	17.2×	+3.0×	Nov 27, 2020
2019	$150B	$10.5B	14.2×	+1.1×	Nov 29, 2019
2018	$122B	$9.36B	13.1×	+2.6×	Nov 30, 2018
2017	$88.3B	$8.46B	10.4×	+3.8×	Dec 1, 2017
2016	$49.4B	$7.42B	6.7×	+0.1×	Dec 2, 2016
2015	$45.9B	$7B	6.6×	+1.1×	Nov 27, 2015
2014	$36.7B	$6.78B	5.4×	+1.2×	Nov 28, 2014
2013	$28.4B	$6.72B	4.2×	+1.6×	Nov 29, 2013
2012	$17.1B	$6.67B	2.6×	+0.3×	Nov 30, 2012
2011	$13.3B	$5.78B	2.3×	-0.5×	Dec 2, 2011
2010	$14.7B	$5.19B	2.8×	-1.0×	Dec 3, 2010
2009	$18.5B	$4.89B	3.8×	+1.0×	Nov 27, 2009
2008	$12.1B	$4.41B	2.8×	-2.3×	Nov 28, 2008
2007	$23.6B	$4.65B	5.1×	+0.6×	Nov 30, 2007
2006	$23.1B	$5.15B	4.5×	-6.7×	Dec 1, 2006
2005	$20.9B	$1.86B	11.2×	+0.5×	Dec 2, 2005
2004	$15.3B	$1.42B	10.8×	+1.8×	Dec 3, 2004
2003	$9.85B	$1.1B	8.9×	-1.2×	Nov 28, 2003
2002	$6.82B	$674M	10.1×	—	Nov 29, 2002


Zebra Technologies (ZBRA)	2.9×
Zoom Communications (ZM)	2.9×
Fortive (FTV)	2.9×
IREN (IREN)	2.8×
Trimble (TRMB)	2.7×
Twilio (TWLO)	2.5×
Amkor Technology (AMKR)	2.5×
First Solar (FSLR)	2.1×
EPAM Systems (EPAM)	2.1×
Qorvo (QRVO)	2.1×
IonQ (IONQ)	2.1×
Intel (INTC)	2.0×
Roper Technologies (ROP)	2.0×
Cognizant (CTSH)	1.9×
Okta (OKTA)	1.9×
Super Micro Computer (SMCI)	1.8×
Lyft (LYFT)	1.7×
Block (XYZ)	1.7×
Hewlett Packard Enterprise (HPE)	1.5×
Fidelity National Information Services (FIS)	1.5×
Skyworks Solutions (SWKS)	1.4×
Fiserv (FISV)	1.1×
Sunrun (RUN)	1.0×
Strategy (MSTR)	0.9×
IBM (IBM)	0.0×

P/B Ratio for Adobe (ADBE) 2002-2026

P/B Ratio daily chart for Adobe (ADBE)

Historical P/B Ratio for Adobe (ADBE) from 2002 to 2025

About P/B Ratio at Adobe (ADBE)

Adobe P/B Ratio by Year

Adobe P/B Ratio 2025: 11.5×

Adobe P/B Ratio 2024: 16.2×

Adobe P/B Ratio 2023: 16.9×

Adobe P/B Ratio 2022: 11.3×

Adobe P/B Ratio 2021: 19.8×

Sector peers by P/B Ratio — chart

Sector peers by P/B Ratio — table

Frequently asked questions

Adobe (ADBE) Key Financials