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.

Revenue
+12.9%
EPS
+10.8%
Free cash flow
+14.7%
Total debt
+2.63%

Quarter to August 2026, against a year earlier

245.39 3.09 −1.24%
Market cap
$95.9B
P/E
13.7×
Fwd P/E
13.7×
Dividend yield
—
F-score
7/9
Altman Z
8.51
Beneish M
−2.85
Dividend safety
n/a

Adobe Inc. (ADBE) Price to free cash flow

Alert me on Price to free cash flow

As of 5 November 2026, Adobe Inc. (ADBE) trades at a price to free cash flow of 9.2×. Over the past ten years it has ranged from 7.6× (June 2026) to 57.3× (August 2020); the current reading is higher than 2% of that period. That is below the Software Application industry median of 17.2× and below the Technology sector median of 18.7×.

Price to free cash flow, daily

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Annual newest first

Period Price to free cash flow Change
FY2025 14.0× (52.37%)
FY2024 29.3× (27.14%)
FY2023 40.2× 83.50%
FY2022 21.9× (52.79%)
FY2021 46.4× 7.08%
FY2020 43.4× 18.67%
FY2019 36.5× 11.58%
FY2018 32.7× (0.03%)
FY2017 32.8× 27.61%
FY2016 25.7× (24.46%)

Quarterly newest first

Period Price to free cash flow Change
Aug 2026 10.9× 1.89%
May 2026 10.7× 3.36%
Feb 2026 10.4× (25.73%)
Nov 2025 14.0× (8.34%)
43 more quarters

Against its own ten years

Low 7.6× High 57.3×
Ten-year median 32.9×
Current reading's percentile 2

Price to free cash flow against peers

Company Price to free cash flow
MSTR Strategy Inc compare n/m
ADBE Adobe Inc. 9.2×
INTU Intuit Inc. compare 11.3×
UBER Uber Technologies, Inc. compare 13.4×
NOW ServiceNow, Inc. compare 22.5×
ADP Automatic Data Processing, Inc. compare 25.5×
CDNS Cadence Design Systems, Inc. compare 48.6×
DDOG Datadog, Inc. compare 56.8×
SNOW Snowflake Inc. compare 79.4×
Software Application industry median 17.2×
Technology sector median 18.7×
Market median 14.1×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

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