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) P/B ratio

As of 25 September 2026, Adobe Inc. (ADBE) trades at a P/B ratio of 7.9×. Over the past ten years it has ranged from 5.1× (January 2015) to 23.4× (August 2020); the current reading is higher than 19% of that period. That is above the Software Application industry median of 3.0× and above the Technology sector median of 3.0×.

P/B ratio, daily

Annual

Period P/B ratio Change
FY2025 11.8× (27.67%)
FY2024 16.4× (3.23%)
FY2023 16.9× 46.52%
FY2022 11.5× (46.57%)
FY2021 21.6× 24.45%
FY2020 17.4× 24.17%
FY2019 14.0× 6.19%
FY2018 13.2× 24.26%
FY2017 10.6× 53.45%
FY2016 6.9× 5.91%

Quarterly

Period P/B ratio Change
Aug 2026 9.8× 2.79%
May 2026 9.6× 2.23%
Feb 2026 9.4× (20.94%)
Nov 2025 11.8× (4.74%)
43 more quarters

Against its own ten years

Low 5.1× High 23.4×
Ten-year median 13.2×
Current reading's percentile 19

P/B ratio against peers

Company P/B ratio
MSTR Strategy Inc compare 1.8×
INTU Intuit Inc. compare 4.0×
UBER Uber Technologies, Inc. compare 5.0×
ADBE Adobe Inc. 7.9×
NOW ServiceNow, Inc. compare 11.2×
CDNS Cadence Design Systems, Inc. compare 13.0×
ADP Automatic Data Processing, Inc. compare 17.6×
DDOG Datadog, Inc. compare 21.9×
SNOW Snowflake Inc. compare 54.6×
Software Application industry median 3.0×
Technology sector median 3.0×
Market median 1.8×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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