Question 1

What is Adobe's P/S ratio?

Accepted Answer

Adobe (ADBE) P/S ratio is 4.2× as of June 5, 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 5.7×.

Question 5

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

Accepted Answer

Adobe's P/S ratio of 4.2× is below its own 5-year average of 11.4× and below the sector median of 5.7×. That places the current reading at the 3th 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 11.4× and the 5-year median is 10.7×.

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	$133.49B	$23.77B	5.6×	-5.0×	Nov 28, 2025
2024	$228.56B	$21.50B	10.6×	-3.7×	Nov 29, 2024
2023	$278.67B	$19.41B	14.4×	+5.3×	Dec 1, 2023
2022	$158.92B	$17.61B	9.0×	-9.6×	Dec 2, 2022
2021	$293.47B	$15.79B	18.6×	+0.8×	Dec 3, 2021
2020	$228.50B	$12.87B	17.8×	+4.4×	Nov 27, 2020
2019	$149.73B	$11.17B	13.4×	-0.2×	Nov 29, 2019
2018	$122.50B	$9.03B	13.6×	+1.5×	Nov 30, 2018
2017	$88.34B	$7.30B	12.1×	+3.7×	Dec 1, 2017
2016	$49.43B	$5.85B	8.4×	-1.1×	Dec 2, 2016
2015	$45.94B	$4.80B	9.6×	+0.7×	Nov 27, 2015
2014	$36.70B	$4.15B	8.9×	+1.9×	Nov 28, 2014
2013	$28.35B	$4.06B	7.0×	+3.1×	Nov 29, 2013
2012	$17.13B	$4.40B	3.9×	+0.7×	Nov 30, 2012
2011	$13.33B	$4.22B	3.2×	-0.7×	Dec 2, 2011
2010	$14.69B	$3.80B	3.9×	-2.4×	Dec 3, 2010
2009	$18.55B	$2.95B	6.3×	+2.9×	Nov 27, 2009
2008	$12.14B	$3.58B	3.4×	-4.1×	Nov 28, 2008
2007	$23.65B	$3.16B	7.5×	-1.5×	Nov 30, 2007
2006	$23.14B	$2.58B	9.0×	-1.7×	Dec 1, 2006
2005	$20.93B	$1.97B	10.6×	+1.5×	Dec 2, 2005
2004	$15.31B	$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×	-0.3×	Nov 29, 2002
2001	$7.59B	$1.23B	6.2×	—	Nov 30, 2001


DocuSign (DOCU)	2.7×
Broadridge Financial Solutions (BR)	2.6×
Celestica (CLS)	2.3×
EchoStar (SATS)	2.3×
Gen Digital (GEN)	2.3×
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×
Accenture (ACN)	1.8×
Amkor Technology (AMKR)	1.6×
Block (XYZ)	1.5×
Block (SQ)	1.4×
Fiserv (FISV)	1.4×
Cognizant (CTSH)	1.4×
EPAM Systems (EPAM)	1.3×
Dell Technologies (DELL)	1.0×
Hewlett Packard Enterprise (HPE)	1.0×
Jabil (JBL)	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×

P/S Ratio for Adobe (ADBE)

P/S Ratio daily chart for Adobe (ADBE)

Historical P/S Ratio for Adobe (ADBE) from 2001 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

P/S Ratio daily chart for Adobe (ADBE)

Historical P/S Ratio for Adobe (ADBE) from 2001 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

+What is Adobe's P/S ratio?

+How is the P/S ratio calculated?

+What is the P/S ratio?

+What is a good P/S ratio for Adobe?

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

+What is Adobe's historical P/S ratio range?

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

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

Adobe (ADBE) Key Financials