Question 1

What is Adobe's P/E ratio?

Accepted Answer

Adobe (ADBE) P/E ratio is 12.1× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month earnings (net income), using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/E ratio calculated?

Accepted Answer

P/E = Share Price ÷ Trailing Twelve-Month (TTM) Diluted EPS, or equivalently Market Capitalisation ÷ TTM Net Income. 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/E ratio?

Accepted Answer

The price-to-earnings (P/E) ratio, also called the earnings multiple, measures how much investors pay per dollar of a company's trailing twelve-month (TTM) earnings. It is calculated as share price ÷ TTM diluted EPS (equivalent to market capitalisation ÷ TTM net income). A higher P/E implies the market is pricing in stronger future earnings growth or lower risk; a lower P/E can signal slower expected growth, higher risk, or potential undervaluation.

Question 4

What is a good P/E ratio for Adobe?

Accepted Answer

There is no universal "good" P/E. As a rule of thumb, the S&P 500 has historically averaged a P/E in the mid-to-high teens; mature, slow-growth businesses commonly trade in the 10–18× range, while high-growth or asset-light companies often trade at 25–50×+. What matters is the comparison to sector peers and to the company's own historical range. For Adobe specifically, the relevant sector benchmark is the current sector median of 29.4×.

Question 5

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

Accepted Answer

Adobe's P/E ratio of 12.1× is below its own 5-year average of 37.6× and below the sector median of 29.4×. 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/E ratio range?

Accepted Answer

In the available daily series, Adobe (ADBE) P/E ratio has ranged from a low of 10.8× in 2026 to a high of 145.9× in 2014. The 5-year average is 37.6× and the 5-year median is 40.2×.

Question 7

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

Accepted Answer

Adobe (ADBE) P/E ratio at the end of 2025 was 18.7×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month earnings figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (earnings). 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	$7.13B	18.7×	-22.4×	Nov 28, 2025
2024	$229B	$5.56B	41.1×	-10.2×	Nov 29, 2024
2023	$279B	$5.43B	51.3×	+17.9×	Dec 1, 2023
2022	$159B	$4.76B	33.4×	-27.4×	Dec 2, 2022
2021	$293B	$4.82B	60.9×	+17.4×	Dec 3, 2021
2020	$228B	$5.26B	43.4×	-7.3×	Nov 27, 2020
2019	$150B	$2.95B	50.7×	+3.4×	Nov 29, 2019
2018	$122B	$2.59B	47.3×	-4.9×	Nov 30, 2018
2017	$88.3B	$1.69B	52.2×	+9.9×	Dec 1, 2017
2016	$49.4B	$1.17B	42.3×	-30.7×	Dec 2, 2016
2015	$45.9B	$630M	73.0×	-63.8×	Nov 27, 2015
2014	$36.7B	$268M	136.7×	+39.0×	Nov 28, 2014
2013	$28.4B	$290M	97.8×	+77.2×	Nov 29, 2013
2012	$17.1B	$833M	20.6×	+4.6×	Nov 30, 2012
2011	$13.3B	$833M	16.0×	-3.0×	Dec 2, 2011
2010	$14.7B	$775M	19.0×	-29.0×	Dec 3, 2010
2009	$18.5B	$387M	48.0×	+34.1×	Nov 27, 2009
2008	$12.1B	$872M	13.9×	-18.7×	Nov 28, 2008
2007	$23.6B	$724M	32.7×	-13.1×	Nov 30, 2007
2006	$23.1B	$506M	45.7×	+11.0×	Dec 1, 2006
2005	$20.9B	$603M	34.7×	+0.7×	Dec 2, 2005
2004	$15.3B	$450M	34.0×	-3.0×	Dec 3, 2004
2003	$9.85B	$266M	37.0×	+1.3×	Nov 28, 2003
2002	$6.82B	$191M	35.7×	—	Nov 29, 2002


Ondas Holdings (ONDS)	16.4×
Dell Technologies (DELL)	16.2×
Western Digital (WDC)	15.7×
Accenture (ACN)	15.4×
Gartner (IT)	14.9×
CDW (CDW)	14.5×
Leidos Holdings (LDOS)	14.1×
Zoom Communications (ZM)	13.8×
QUALCOMM (QCOM)	13.7×
PTC (PTC)	13.5×
Paycom Software (PAYC)	13.2×
Elastic N.V. (ESTC)	13.2×
Cognizant (CTSH)	13.1×
First Solar (FSLR)	12.7×
GoDaddy (GDDY)	12.7×
Gen Digital (GEN)	11.7×
Duolingo (DUOL)	10.9×
Super Micro Computer (SMCI)	10.9×
Science Applications International (SAIC)	10.3×
Fiserv (FISV)	9.3×
Fidelity National Information Services (FIS)	9.0×
HP (HPQ)	7.5×
Sunrun (RUN)	5.6×
Lyft (LYFT)	1.8×
IBM (IBM)	0.0×

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

P/E Ratio daily chart for Adobe (ADBE)

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

About P/E Ratio at Adobe (ADBE)

Adobe P/E Ratio by Year

Adobe P/E Ratio 2025: 18.7×

Adobe P/E Ratio 2024: 41.1×

Adobe P/E Ratio 2023: 51.3×

Adobe P/E Ratio 2022: 33.4×

Adobe P/E Ratio 2021: 60.9×

Sector peers by P/E Ratio — chart

Sector peers by P/E Ratio — table

Frequently asked questions

Adobe (ADBE) Key Financials