Question 1

What is Adobe's P/S ratio?

Accepted Answer

Adobe (ADBE) P/S ratio is 3.5× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Adobe?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Adobe specifically, the relevant sector benchmark is the current sector median of 5.8×.

Question 5

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

Accepted Answer

Adobe's P/S ratio of 3.5× is below its own 5-year average of 10.7× and below the sector median of 5.8×. 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/S ratio range?

Accepted Answer

In the available daily series, Adobe (ADBE) P/S ratio has ranged from a low of 2.5× in 2009 to a high of 22.3× in 2021. The 5-year average is 10.7× and the 5-year median is 10.3×.

Question 7

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

Accepted Answer

Adobe (ADBE) P/S ratio at the end of 2025 was 5.6×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$23.8B	5.6×	-5.0×	Nov 28, 2025
2024	$229B	$21.5B	10.6×	-3.7×	Nov 29, 2024
2023	$279B	$19.4B	14.4×	+5.3×	Dec 1, 2023
2022	$159B	$17.6B	9.0×	-9.6×	Dec 2, 2022
2021	$293B	$15.8B	18.6×	+0.8×	Dec 3, 2021
2020	$228B	$12.9B	17.8×	+4.4×	Nov 27, 2020
2019	$150B	$11.2B	13.4×	-0.2×	Nov 29, 2019
2018	$122B	$9.03B	13.6×	+1.5×	Nov 30, 2018
2017	$88.3B	$7.3B	12.1×	+3.7×	Dec 1, 2017
2016	$49.4B	$5.85B	8.4×	-1.1×	Dec 2, 2016
2015	$45.9B	$4.8B	9.6×	+0.7×	Nov 27, 2015
2014	$36.7B	$4.15B	8.9×	+1.9×	Nov 28, 2014
2013	$28.4B	$4.06B	7.0×	+3.1×	Nov 29, 2013
2012	$17.1B	$4.4B	3.9×	+0.7×	Nov 30, 2012
2011	$13.3B	$4.22B	3.2×	-0.7×	Dec 2, 2011
2010	$14.7B	$3.8B	3.9×	-2.4×	Dec 3, 2010
2009	$18.5B	$2.95B	6.3×	+2.9×	Nov 27, 2009
2008	$12.1B	$3.58B	3.4×	-4.1×	Nov 28, 2008
2007	$23.6B	$3.16B	7.5×	-1.5×	Nov 30, 2007
2006	$23.1B	$2.58B	9.0×	-1.7×	Dec 1, 2006
2005	$20.9B	$1.97B	10.6×	+1.5×	Dec 2, 2005
2004	$15.3B	$1.67B	9.2×	+1.6×	Dec 3, 2004
2003	$9.85B	$1.29B	7.6×	+1.7×	Nov 28, 2003
2002	$6.82B	$1.16B	5.9×	—	Nov 29, 2002


GoDaddy (GDDY)	2.2×
Fidelity National Information Services (FIS)	2.1×
Skyworks Solutions (SWKS)	2.1×
Qorvo (QRVO)	1.9×
Zebra Technologies (ZBRA)	1.8×
Gartner (IT)	1.7×
Accenture (ACN)	1.6×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Optical Cable (OCC)	1.2×
Leidos Holdings (LDOS)	1.2×
Jabil (JBL)	1.1×
Dell Technologies (DELL)	1.0×
Sunrun (RUN)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Flex (FLEX)	0.9×
Lyft (LYFT)	0.8×
CDW (CDW)	0.7×
Science Applications International (SAIC)	0.6×
Super Micro Computer (SMCI)	0.4×
HP (HPQ)	0.3×
IBM (IBM)	0.0×

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

P/S Ratio daily chart for Adobe (ADBE)

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

About P/S Ratio at Adobe (ADBE)

Adobe P/S Ratio by Year

Adobe P/S Ratio 2025: 5.6×

Adobe P/S Ratio 2024: 10.6×

Adobe P/S Ratio 2023: 14.4×

Adobe P/S Ratio 2022: 9.0×

Adobe P/S Ratio 2021: 18.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Adobe (ADBE) Key Financials