Adobe Inc. ADBE

235.47 (3.46) (1.45%) as of 25 Sep
Market cap
$92.6B
P/E
13.1×
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Adobe Inc. (ADBE) EV/EBITDA

As of 25 September 2026, Adobe Inc. (ADBE) trades at a EV/EBITDA of 9.3×. Over the past ten years it has ranged from 8.0× (June 2026) to 56.0× (August 2020); the current reading is higher than 1% of that period. That is below the Software Application industry median of 14.4× and below the Technology sector median of 15.7×.

EV/EBITDA, daily

Annual

Period EV/EBITDA Change
FY2025 14.6× (51.59%)
FY2024 30.1× (17.78%)
FY2023 36.6× 58.80%
FY2022 23.0× (52.27%)
FY2021 48.2× 5.51%
FY2020 45.7× 25.12%
FY2019 36.5× (6.16%)
FY2018 38.9× 13.42%
FY2017 34.3× 29.58%
FY2016 26.5× (24.37%)

Quarterly

Period EV/EBITDA Change
Aug 2026 11.5× 2.00%
May 2026 11.3× 3.39%
Feb 2026 10.9× (25.00%)
Nov 2025 14.6× (8.95%)
43 more quarters

Against its own ten years

Low 8.0× High 56.0×
Ten-year median 33.9×
Current reading's percentile 1

EV/EBITDA against peers

Company EV/EBITDA
MSTR Strategy Inc compare n/m
SNOW Snowflake Inc. compare n/m
ADBE Adobe Inc. 9.3×
INTU Intuit Inc. compare 11.2×
ADP Automatic Data Processing, Inc. compare 14.4×
UBER Uber Technologies, Inc. compare 19.9×
NOW ServiceNow, Inc. compare 41.7×
CDNS Cadence Design Systems, Inc. compare 43.4×
DDOG Datadog, Inc. compare 760×
Software Application industry median 14.4×
Technology sector median 15.7×
Market median 11.0×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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