Adobe Inc.

ADBE Technology Software Application

Adobe Inc.’s revenue for fiscal 2025 (year ended November 2025) was $23.8 billion, up 10.5% from fiscal 2024. In the quarter to August 2026, revenue grew 12.9%, EPS grew 10.8%, free cash flow grew 14.7% and total debt rose 2.63%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; revenue growth for ten consecutive years; insiders bought in the last twelve months.

245.20 6.47 −2.57%
Market cap
$98.0B
P/E
13.7×
Fwd P/E
13.8×
Dividend yield
—
F-score
7/9
Altman Z
8.51
Beneish M
−2.85
Dividend safety
n/a

Adobe Inc. (ADBE) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Adobe Inc. (ADBE) trades at a EV/EBITDA of 9.7×. Over the past ten years it has ranged from 8.0× (June 2026) to 56.0× (August 2020); the current reading is higher than 2% of that period. That is below the Software Application industry median of 15.4× and below the Technology sector median of 15.3×.

EV/EBITDA, daily

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Annual newest first

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 newest first

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 33.8×
Current reading's percentile 2

EV/EBITDA against peers

Company EV/EBITDA
MSTR Strategy Inc compare n/m
SNOW Snowflake Inc. compare n/m
ADBE Adobe Inc. 9.7×
INTU Intuit Inc. compare 13.3×
ADP Automatic Data Processing, Inc. compare 15.8×
UBER Uber Technologies, Inc. compare 20.1×
CDNS Cadence Design Systems, Inc. compare 42.5×
NOW ServiceNow, Inc. compare 43.7×
DDOG Datadog, Inc. compare 698×
Software Application industry median 15.4×
Technology sector median 15.3×
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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