ADOBE INC (1ADBE.MI) Stock Fundamental Analysis

BIT:1ADBE • US00724F1012

220.3 EUR
+1.05 (+0.48%)
Last: Feb 18, 2026, 07:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership
Fundamental Rating

7

1ADBE gets a fundamental rating of 7 out of 10. The analysis compared the fundamentals against 117 industry peers in the Software industry. Both the health and profitability get an excellent rating, making 1ADBE a very profitable company, without any liquidiy or solvency issues. 1ADBE scores decently on growth, while it is valued quite cheap. This could make an interesting combination. These ratings could make 1ADBE a good candidate for value and quality investing.


Dividend Valuation Growth Profitability Health

9

1. Profitability

1.1 Basic Checks

  • 1ADBE had positive earnings in the past year.
  • 1ADBE had a positive operating cash flow in the past year.
  • 1ADBE had positive earnings in each of the past 5 years.
  • Each year in the past 5 years 1ADBE had a positive operating cash flow.
1ADBE.MI Yearly Net Income VS EBIT VS OCF VS FCF1ADBE.MI Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

1.2 Ratios

  • 1ADBE's Return On Assets of 24.17% is amongst the best of the industry. 1ADBE outperforms 94.02% of its industry peers.
  • The Return On Equity of 1ADBE (61.34%) is better than 96.58% of its industry peers.
  • 1ADBE's Return On Invested Capital of 36.51% is amongst the best of the industry. 1ADBE outperforms 98.29% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for 1ADBE is significantly above the industry average of 13.32%.
  • The 3 year average ROIC (31.10%) for 1ADBE is below the current ROIC(36.51%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 24.17%
ROE 61.34%
ROIC 36.51%
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
1ADBE.MI Yearly ROA, ROE, ROIC1ADBE.MI Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

1.3 Margins

  • With an excellent Profit Margin value of 30.00%, 1ADBE belongs to the best of the industry, outperforming 89.74% of the companies in the same industry.
  • In the last couple of years the Profit Margin of 1ADBE has declined.
  • With an excellent Operating Margin value of 36.63%, 1ADBE belongs to the best of the industry, outperforming 94.02% of the companies in the same industry.
  • In the last couple of years the Operating Margin of 1ADBE has remained more or less at the same level.
  • With an excellent Gross Margin value of 89.27%, 1ADBE belongs to the best of the industry, outperforming 86.32% of the companies in the same industry.
  • 1ADBE's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 36.63%
PM (TTM) 30%
GM 89.27%
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
1ADBE.MI Yearly Profit, Operating, Gross Margins1ADBE.MI Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60 80

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ROAROEROICOperating and Profit MarginShow most profitable peers

7

2. Health

2.1 Basic Checks

  • 1ADBE has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • Compared to 1 year ago, 1ADBE has less shares outstanding
  • The number of shares outstanding for 1ADBE has been reduced compared to 5 years ago.
  • Compared to 1 year ago, 1ADBE has a worse debt to assets ratio.
1ADBE.MI Yearly Shares Outstanding1ADBE.MI Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 100M 200M 300M 400M
1ADBE.MI Yearly Total Debt VS Total Assets1ADBE.MI Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 10B 20B 30B

2.2 Solvency

  • 1ADBE has an Altman-Z score of 7.50. This indicates that 1ADBE is financially healthy and has little risk of bankruptcy at the moment.
  • The Altman-Z score of 1ADBE (7.50) is better than 87.18% of its industry peers.
  • The Debt to FCF ratio of 1ADBE is 0.63, which is an excellent value as it means it would take 1ADBE, only 0.63 years of fcf income to pay off all of its debts.
  • Looking at the Debt to FCF ratio, with a value of 0.63, 1ADBE belongs to the top of the industry, outperforming 83.76% of the companies in the same industry.
  • A Debt/Equity ratio of 0.53 indicates that 1ADBE is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.53, 1ADBE is doing worse than 65.81% of the companies in the same industry.
  • Although 1ADBE does not score too well on debt/equity it has very limited outstanding debt, which is well covered by the FCF. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Altman-Z 7.5
ROIC/WACC3.34
WACC10.92%
1ADBE.MI Yearly LT Debt VS Equity VS FCF1ADBE.MI Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B

2.3 Liquidity

  • 1ADBE has a Current Ratio of 1.00. This is a bad value and indicates that 1ADBE is not financially healthy enough and could expect problems in meeting its short term obligations.
  • The Current ratio of 1ADBE (1.00) is worse than 69.23% of its industry peers.
  • A Quick Ratio of 1.00 indicates that 1ADBE may have some problems paying its short term obligations.
  • 1ADBE's Quick ratio of 1.00 is on the low side compared to the rest of the industry. 1ADBE is outperformed by 69.23% of its industry peers.
  • The current and quick ratio evaluation for 1ADBE is rather negative, while it does have excellent solvency and profitability. These ratios do not necessarly indicate liquidity issues and need to be evaluated against the specifics of the business.
Industry RankSector Rank
Current Ratio 1
Quick Ratio 1
1ADBE.MI Yearly Current Assets VS Current Liabilites1ADBE.MI Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2B 4B 6B 8B 10B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an nice 13.74% over the past year.
  • The Earnings Per Share has been growing by 15.87% on average over the past years. This is quite good.
  • 1ADBE shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 10.53%.
  • Measured over the past years, 1ADBE shows a quite strong growth in Revenue. The Revenue has been growing by 13.06% on average per year.
EPS 1Y (TTM)13.74%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%14.35%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%10.49%

3.2 Future

  • The Earnings Per Share is expected to grow by 9.91% on average over the next years. This is quite good.
  • 1ADBE is expected to show quite a strong growth in Revenue. In the coming years, the Revenue will grow by 8.02% yearly.
EPS Next Y14.37%
EPS Next 2Y13.61%
EPS Next 3Y12.14%
EPS Next 5Y9.91%
Revenue Next Year9.89%
Revenue Next 2Y9.49%
Revenue Next 3Y9.04%
Revenue Next 5Y8.02%

3.3 Evolution

  • The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
1ADBE.MI Yearly Revenue VS Estimates1ADBE.MI Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10B 20B 30B 40B
1ADBE.MI Yearly EPS VS Estimates1ADBE.MI Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 10 20 30 40

More info and screens

Find the best growth stocksShow best growing peers

8

4. Valuation

4.1 Price/Earnings Ratio

  • 1ADBE is valuated correctly with a Price/Earnings ratio of 12.36.
  • 88.89% of the companies in the same industry are more expensive than 1ADBE, based on the Price/Earnings ratio.
  • 1ADBE is valuated cheaply when we compare the Price/Earnings ratio to 26.99, which is the current average of the S&P500 Index.
  • 1ADBE is valuated reasonably with a Price/Forward Earnings ratio of 10.81.
  • Based on the Price/Forward Earnings ratio, 1ADBE is valued cheaply inside the industry as 88.89% of the companies are valued more expensively.
  • When comparing the Price/Forward Earnings ratio of 1ADBE to the average of the S&P500 Index (28.06), we can say 1ADBE is valued rather cheaply.
Industry RankSector Rank
PE 12.36
Fwd PE 10.81
1ADBE.MI Price Earnings VS Forward Price Earnings1ADBE.MI Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of 1ADBE indicates a somewhat cheap valuation: 1ADBE is cheaper than 73.50% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, 1ADBE is valued cheaper than 90.60% of the companies in the same industry.
Industry RankSector Rank
P/FCF 10.79
EV/EBITDA 11
1ADBE.MI Per share data1ADBE.MI EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 20 30 40

4.3 Compensation for Growth

  • 1ADBE's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The excellent profitability rating of 1ADBE may justify a higher PE ratio.
  • 1ADBE's earnings are expected to grow with 12.14% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.86
PEG (5Y)0.78
EPS Next 2Y13.61%
EPS Next 3Y12.14%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • No dividends for 1ADBE!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ADOBE INC

BIT:1ADBE (2/18/2026, 7:00:00 PM)

220.3

+1.05 (+0.48%)

Chartmill FA Rating
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)12-10
Earnings (Next)03-12
Inst Owners86.02%
Inst Owner ChangeN/A
Ins Owners0.16%
Ins Owner ChangeN/A
Market Cap90.43B
Revenue(TTM)23.77B
Net Income(TTM)7.13B
Analysts75.65
Price Target368.18 (67.13%)
Short Float %N/A
Short RatioN/A
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)0.25%
Min EPS beat(2)-0.04%
Max EPS beat(2)0.55%
EPS beat(4)2
Avg EPS beat(4)0.15%
Min EPS beat(4)-0.06%
Max EPS beat(4)0.55%
EPS beat(8)6
Avg EPS beat(8)0.35%
EPS beat(12)10
Avg EPS beat(12)0.6%
EPS beat(16)11
Avg EPS beat(16)0.38%
Revenue beat(2)0
Avg Revenue beat(2)-0.6%
Min Revenue beat(2)-0.6%
Max Revenue beat(2)-0.59%
Revenue beat(4)0
Avg Revenue beat(4)-0.68%
Min Revenue beat(4)-0.99%
Max Revenue beat(4)-0.56%
Revenue beat(8)0
Avg Revenue beat(8)-0.95%
Revenue beat(12)0
Avg Revenue beat(12)-1.09%
Revenue beat(16)0
Avg Revenue beat(16)-1.22%
PT rev (1m)-3.15%
PT rev (3m)-9.63%
EPS NQ rev (1m)0%
EPS NQ rev (3m)3.32%
EPS NY rev (1m)0%
EPS NY rev (3m)0.55%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0.61%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.59%
Valuation
Industry RankSector Rank
PE 12.36
Fwd PE 10.81
P/S 4.47
P/FCF 10.79
P/OCF 10.6
P/B 9.14
P/tB N/A
EV/EBITDA 11
EPS(TTM)17.83
EY8.09%
EPS(NY)20.39
Fwd EY9.25%
FCF(TTM)20.42
FCFY9.27%
OCF(TTM)20.79
OCFY9.44%
SpS49.27
BVpS24.09
TBVpS-3.58
PEG (NY)0.86
PEG (5Y)0.78
Graham Number98.31
Profitability
Industry RankSector Rank
ROA 24.17%
ROE 61.34%
ROCE 45.12%
ROIC 36.51%
ROICexc 55.47%
ROICexgc N/A
OM 36.63%
PM (TTM) 30%
GM 89.27%
FCFM 41.45%
ROA(3y)20.26%
ROA(5y)19.2%
ROE(3y)44.54%
ROE(5y)40.01%
ROIC(3y)31.1%
ROIC(5y)28.47%
ROICexc(3y)49.26%
ROICexc(5y)43.65%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)38.43%
ROCE(5y)35.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y13.31%
ROICexc growth 5Y14.65%
OM growth 3Y1.88%
OM growth 5Y1.28%
PM growth 3Y3.55%
PM growth 5Y-6%
GM growth 3Y0.59%
GM growth 5Y0.6%
F-Score7
Asset Turnover0.81
Health
Industry RankSector Rank
Debt/Equity 0.53
Debt/FCF 0.63
Debt/EBITDA 0.65
Cap/Depr 21.88%
Cap/Sales 0.75%
Interest Coverage 250
Cash Conversion 105.32%
Profit Quality 138.18%
Current Ratio 1
Quick Ratio 1
Altman-Z 7.5
F-Score7
WACC10.92%
ROIC/WACC3.34
Cap/Depr(3y)28.17%
Cap/Depr(5y)36.06%
Cap/Sales(3y)1.15%
Cap/Sales(5y)1.63%
Profit Quality(3y)135.89%
Profit Quality(5y)141.18%
High Growth Momentum
Growth
EPS 1Y (TTM)13.74%
EPS 3Y15.15%
EPS 5Y15.87%
EPS Q2Q%14.35%
EPS Next Y14.37%
EPS Next 2Y13.61%
EPS Next 3Y12.14%
EPS Next 5Y9.91%
Revenue 1Y (TTM)10.53%
Revenue growth 3Y10.52%
Revenue growth 5Y13.06%
Sales Q2Q%10.49%
Revenue Next Year9.89%
Revenue Next 2Y9.49%
Revenue Next 3Y9.04%
Revenue Next 5Y8.02%
EBIT growth 1Y12.47%
EBIT growth 3Y12.6%
EBIT growth 5Y14.5%
EBIT Next Year13.1%
EBIT Next 3Y8.83%
EBIT Next 5Y9.3%
FCF growth 1Y25.14%
FCF growth 3Y10.03%
FCF growth 5Y13.17%
OCF growth 1Y24.52%
OCF growth 3Y8.57%
OCF growth 5Y11.86%

ADOBE INC / 1ADBE.MI FAQ

What is the ChartMill fundamental rating of ADOBE INC (1ADBE.MI) stock?

ChartMill assigns a fundamental rating of 7 / 10 to 1ADBE.MI.


What is the valuation status of ADOBE INC (1ADBE.MI) stock?

ChartMill assigns a valuation rating of 8 / 10 to ADOBE INC (1ADBE.MI). This can be considered as Undervalued.


How profitable is ADOBE INC (1ADBE.MI) stock?

ADOBE INC (1ADBE.MI) has a profitability rating of 9 / 10.


What is the valuation of ADOBE INC based on its PE and PB ratios?

The Price/Earnings (PE) ratio for ADOBE INC (1ADBE.MI) is 12.36 and the Price/Book (PB) ratio is 9.14.