As of 2025-07-04, the Intrinsic Value of Adobe Inc (ADBE) is 339.71 USD. This Adobe valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 379.31 USD, the upside of Adobe Inc is -10.4%.

The range of the Intrinsic Value is 224.86 - 710.9 USD.

Is Adobe undervalued or overvalued?

Based on its market price of 379.31 USD and our intrinsic valuation, Adobe Inc (ADBE) is overvalued by 10.4%.

379.31 USD

Stock Price

339.71 USD

Intrinsic Value

Intrinsic Value Details

Adobe Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	224.86 - 710.9	339.71	-10.4%
DCF (Growth Exit 10Y)	271.42 - 805.56	398.74	5.1%
DCF (EBITDA Exit 5Y)	535.64 - 779.51	674.79	77.9%
DCF (EBITDA Exit 10Y)	549.3 - 873.27	718.29	89.4%
Peter Lynch Fair Value	274.25 - 274.25	274.25	-27.7%
P/E Multiples	690.77 - 931.88	816.99	115.4%
EV/EBITDA Multiples	623.54 - 854.05	773.86	104.0%
Earnings Power Value	131.81 - 190.25	161.03	-57.5%
Dividend Discount Model - Stable	155.39 - 628	391.69	3.3%
Dividend Discount Model - Multi Stages	188.28 - 602	288.10	-24.0%

Adobe Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
Intuit Inc	225.14 - 693.2	335.66	-57.0%
Cadence Design Systems Inc	77.85 - 227.43	113.88	-65.2%
Constellation Software Inc	938.06 - 2,915.8	1,433.20	-71.2%
Autodesk Inc	91.53 - 235.52	130.39	-58.8%
Trade Desk Inc	4.69 - 14.55	6.30	-91.5%
ANSYS Inc	126.43 - 347.29	179.68	-51.1%
PTC Inc	64.63 - 196.95	97.95	-44.3%
Dynatrace Inc	11.91 - 26.59	15.71	-72.2%
DocuSign Inc	26.73 - 64.34	36.81	-53.4%
Open Text Corp	40.43 - 98.61	59.94	47.9%

Adobe Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	161,662
Beta	0.93
Outstanding shares (mil)	426
Enterprise Value (mil)	167,828

Market risk premium	5.1%
Cost of Equity	8.8%
Cost of Debt	4.25%
WACC	8.6%