Start with its own history
At 10.88×, ADBE is 75.5% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · ADBESoftware - ApplicationUpdated Nov 5, 2026
Adobe Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
10.88×
75.5% belowthe 10-year annual average
Share price248.48
÷Earnings per share22.83
Price and EPS in quote currency. Calculation details
Investors are paying 10.88 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 44.38×
3-year average37.39×3 positive annual observations
5-year average41.38×5 positive annual observations
10-year average44.38×10 positive annual observations
Peer median · TTM29.59×6 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Nov 28, 2025 | 19.14× | -53.9% |
| Nov 29, 2024 | 41.47× | -19.6% |
| Dec 1, 2023 | 51.55× | +52.9% |
| Dec 2, 2022 | 33.71× | -44.8% |
| Dec 3, 2021 | 61.04× | +40.0% |
| Nov 27, 2020 | 43.60× | -14.5% |
| Nov 29, 2019 | 50.99× | +7.3% |
| Nov 30, 2018 | 47.52× | -9.2% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 1, 2017 | 52.34× | +23.3% |
| Dec 2, 2016 | 42.44× | -42.0% |
| Nov 27, 2015 | 73.15× | -49.4% |
| Nov 28, 2014 | 144.47× | +47.6% |
| Nov 29, 2013 | 97.90× | +375.2% |
| Nov 30, 2012 | 20.60× | +26.9% |
| Dec 2, 2011 | 16.23× | -17.0% |
| Dec 3, 2010 | 19.56× | -59.1% |
| Nov 27, 2009 | 47.81× | +234.4% |
| Nov 28, 2008 | 14.30× | -57.9% |
| Nov 30, 2007 | 33.98× | -26.6% |
| Dec 1, 2006 | 46.29× | +62.8% |
| Dec 2, 2005 | 28.43× | -14.2% |
| Dec 3, 2004 | 33.14× | -8.6% |
| Nov 28, 2003 | 36.24× | +0.6% |
| Nov 29, 2002 | 36.01× | -3.5% |
| Nov 30, 2001 | 37.30× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How ADBE compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 ADBE This stockAdobe Inc. | 10.88× |
 CRMSalesforce, Inc. | 20.65× |
 CREXCreative Realities, Inc. | N/M |
 DVDoubleVerify Holdings, Inc. | 33.05× |
 SAPSAP SE | 30.23× |
 MSFTMicrosoft Corporation | 28.95× |
 ADSKAutodesk, Inc. | 34.76× |
 DASTFDassault Systèmes SE | 25.58× |
 TEAMAtlassian Corporation | N/M |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does ADBE’s P/E tell you?
Compare like with like
The median of the 6 positive peer ratios above is 29.59×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take ADBE into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("ADBE", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 248.48 ÷ EPS 22.83 = 10.88×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
ADBE P/E ratio: common questions
The essentials behind the numbers.
Adobe Inc.'s current P/E is 10.88× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.