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Adobe Valuation Multiples

Discover revenue and EBITDA valuation multiples for Adobe and similar public comparables like HYBRID Software Group, Genesys International, and Vection Technologies.

Adobe Overview

About Adobe

Adobe provides content creation, document management, and digital marketing and advertising software and services to creative professionals and marketers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content multiple operating systems, devices, and media. The company operates with three segments: digital media content creation, digital experience for marketing solutions, and publishing for legacy products (less than 5% of revenue).


Founded

1983

HQ

United States of America
Employees

30.7K+

Website

adobe.com

Financials

Last FY Revenue $21.5B

Last FY EBITDA $8.0B

EV

$140B

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Valuation Multiples for 15K+ Public Comps

Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.

Adobe Financials

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Adobe P&L

In the most recent fiscal year, Adobe reported revenue of $21.5B and EBITDA of $8.0B.

Adobe expects next 12-month revenue of  XXX    and NTM EBITDA of  XXX

See Adobe valuation multiples based on analyst estimates
NTM Last FY FY 2026 FY 2027 FY 2028
Revenue XXX $21.5B XXX XXX XXX
Gross Profit XXX $19.1B XXX XXX XXX
Gross Margin XXX 89% XXX XXX XXX
EBITDA XXX $8.0B XXX XXX XXX
EBITDA Margin XXX 37% XXX XXX XXX
EBIT XXX $7.7B XXX XXX XXX
EBIT Margin XXX 36% XXX XXX XXX
Net Profit XXX $5.6B XXX XXX XXX
Net Margin XXX 26% XXX XXX XXX
Net Debt XXX n/a XXX XXX XXX

Financial data powered by Morningstar, Inc.

Adobe Stock Performance

Adobe has current market cap of $140B, and EV of $140B.

Market Cap Evolution

Adobe Stock Data

As of January 5, 2026, Adobe's stock price is $333.

See Adobe trading valuation data
EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$140B $140B XXX XXX XXX XXX n/a

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Adobe Valuation Multiples

Adobe's trades at 6.5x EV/Revenue multiple, and 17.5x EV/EBITDA.

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Adobe Financial Valuation Multiples

As of January 5, 2026, Adobe has market cap of $140B and EV of $140B.

Equity research analysts estimate Adobe's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

Adobe's P/E ratio is not available.

LTM NTM Last FY FY 2026 FY 2027 FY 2028
Market cap (current) $140B XXX $140B XXX XXX XXX
EV (current) $140B XXX $140B XXX XXX XXX
EV/Revenue n/a XXX 6.5x XXX XXX XXX
EV/EBITDA n/a XXX 17.5x XXX XXX XXX
EV/EBIT n/a XXX 18.0x XXX XXX XXX
EV/Gross Profit n/a XXX n/a XXX XXX XXX
P/E n/a XXX 25.1x XXX XXX XXX
EV/FCF n/a XXX 17.7x XXX XXX XXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

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Adobe Margins & Growth Rates

Adobe's revenue per employee in the last FY averaged $0.7M, while opex per employee averaged $0.4M for the same period.

Adobe's rule of 40 is unknown (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Adobe's rule of X is unknown (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

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Adobe Operational Valuation Multiples

LTM NTM Last FY FY 2026 FY 2027 FY 2028
Revenue Growth n/a XXX n/a XXX XXX XXX
EBITDA Margin n/a XXX 37% XXX XXX XXX
EBITDA Growth n/a XXX n/a XXX XXX XXX
Rule of 40 n/a XXX n/a XXX XXX XXX
Bessemer Rule of X XXX XXX n/a XXX XXX XXX
Revenue per Employee XXX XXX $0.7M XXX XXX XXX
Opex per Employee XXX XXX $0.4M XXX XXX XXX
S&M Expenses to Revenue XXX XXX 27% XXX XXX XXX
G&A Expenses to Revenue XXX XXX n/a XXX XXX XXX
R&D Expenses to Revenue XXX XXX 18% XXX XXX XXX
Opex to Revenue XXX XXX 53% XXX XXX XXX

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Valuation Multiples Across 220+ Verticals

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Adobe Public Comps

See public comps and valuation multiples for Design & Engineering Software and Content Management Software comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Aerometrex XXX XXX XXX XXX XXX XXX
Vection Technologies XXX XXX XXX XXX XXX XXX
Genesys International XXX XXX XXX XXX XXX XXX
HYBRID Software Group XXX XXX XXX XXX XXX XXX
Mensch und Maschine XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

Valuation data powered by FactSet, Inc.

Adobe M&A and Investment Activity

Adobe acquired  XXX companies to date.

Last acquisition by Adobe was  XXXXXXXX, XXXXX XXXXX XXXXXX . Adobe acquired  XXXXXXXX for  XXX (EV/Revenue multiple of  XXX ).

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Latest Acquisitions by Adobe

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Adobe

When was Adobe founded? Adobe was founded in 1983.
Where is Adobe headquartered? Adobe is headquartered in United States of America.
How many employees does Adobe have? As of today, Adobe has 30.7K+ employees.
Who is the CEO of Adobe? Adobe's CEO is Mr. Shantanu Narayen.
Is Adobe publicy listed? Yes, Adobe is a public company listed on NAS.
What is the stock symbol of Adobe? Adobe trades under ADBE ticker.
When did Adobe go public? Adobe went public in 1986.
Who are competitors of Adobe? Similar companies to Adobe include e.g. Aerometrex, Vection Technologies, Genesys International, HYBRID Software Group.
What is the current market cap of Adobe? Adobe's current market cap is $140B
Is Adobe profitable? Yes, Adobe is EBITDA-positive (as of the last 12 months).

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