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Also traded in: Germany, Mexico, Switzerland, UK

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 8/10

vs
industry
vs
history
Cash to Debt 2.09
ADBE's Cash to Debt is ranked lower than
62% of the 1806 Companies
in the Global Software - Application industry.

( Industry Median: 8.17 vs. ADBE: 2.09 )
Ranked among companies with meaningful Cash to Debt only.
ADBE' s Cash to Debt Range Over the Past 10 Years
Min: 1.62  Med: 10000.00 Max: No Debt
Current: 2.09
Equity to Asset 0.60
ADBE's Equity to Asset is ranked higher than
50% of the 1719 Companies
in the Global Software - Application industry.

( Industry Median: 0.61 vs. ADBE: 0.60 )
Ranked among companies with meaningful Equity to Asset only.
ADBE' s Equity to Asset Range Over the Past 10 Years
Min: 0.6  Med: 0.67 Max: 0.86
Current: 0.6
0.6
0.86
Interest Coverage 14.07
ADBE's Interest Coverage is ranked lower than
79% of the 1173 Companies
in the Global Software - Application industry.

( Industry Median: 613.26 vs. ADBE: 14.07 )
Ranked among companies with meaningful Interest Coverage only.
ADBE' s Interest Coverage Range Over the Past 10 Years
Min: 6.26  Med: 17.47 Max: 9999.99
Current: 14.07
6.26
9999.99
F-Score: 7
Z-Score: 7.31
M-Score: -2.79
WACC vs ROIC
10.50%
13.02%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 7/10

vs
industry
vs
history
Operating margin (%) 18.83
ADBE's Operating margin (%) is ranked higher than
86% of the 1762 Companies
in the Global Software - Application industry.

( Industry Median: 4.75 vs. ADBE: 18.83 )
Ranked among companies with meaningful Operating margin (%) only.
ADBE' s Operating margin (%) Range Over the Past 10 Years
Min: 9.95  Med: 24.76 Max: 28.72
Current: 18.83
9.95
28.72
Net-margin (%) 13.13
ADBE's Net-margin (%) is ranked higher than
81% of the 1763 Companies
in the Global Software - Application industry.

( Industry Median: 3.38 vs. ADBE: 13.13 )
Ranked among companies with meaningful Net-margin (%) only.
ADBE' s Net-margin (%) Range Over the Past 10 Years
Min: 6.47  Med: 19.28 Max: 24.35
Current: 13.13
6.47
24.35
ROE (%) 9.31
ADBE's ROE (%) is ranked higher than
61% of the 1707 Companies
in the Global Software - Application industry.

( Industry Median: 5.90 vs. ADBE: 9.31 )
Ranked among companies with meaningful ROE (%) only.
ADBE' s ROE (%) Range Over the Past 10 Years
Min: 3.98  Med: 13.90 Max: 19.24
Current: 9.31
3.98
19.24
ROA (%) 5.60
ADBE's ROA (%) is ranked higher than
64% of the 1810 Companies
in the Global Software - Application industry.

( Industry Median: 3.01 vs. ADBE: 5.60 )
Ranked among companies with meaningful ROA (%) only.
ADBE' s ROA (%) Range Over the Past 10 Years
Min: 2.54  Med: 9.24 Max: 15.12
Current: 5.6
2.54
15.12
ROC (Joel Greenblatt) (%) 119.05
ADBE's ROC (Joel Greenblatt) (%) is ranked higher than
77% of the 1778 Companies
in the Global Software - Application industry.

( Industry Median: 22.73 vs. ADBE: 119.05 )
Ranked among companies with meaningful ROC (Joel Greenblatt) (%) only.
ADBE' s ROC (Joel Greenblatt) (%) Range Over the Past 10 Years
Min: 58.29  Med: 213.38 Max: 366.55
Current: 119.05
58.29
366.55
Revenue Growth (3Y)(%) 2.60
ADBE's Revenue Growth (3Y)(%) is ranked lower than
57% of the 1367 Companies
in the Global Software - Application industry.

( Industry Median: 4.90 vs. ADBE: 2.60 )
Ranked among companies with meaningful Revenue Growth (3Y)(%) only.
ADBE' s Revenue Growth (3Y)(%) Range Over the Past 10 Years
Min: -0.8  Med: 11.10 Max: 18.9
Current: 2.6
-0.8
18.9
EBITDA Growth (3Y)(%) -5.20
ADBE's EBITDA Growth (3Y)(%) is ranked lower than
68% of the 1109 Companies
in the Global Software - Application industry.

( Industry Median: 6.90 vs. ADBE: -5.20 )
Ranked among companies with meaningful EBITDA Growth (3Y)(%) only.
ADBE' s EBITDA Growth (3Y)(%) Range Over the Past 10 Years
Min: -19.1  Med: 15.70 Max: 38.1
Current: -5.2
-19.1
38.1
EPS Growth (3Y)(%) -9.20
ADBE's EPS Growth (3Y)(%) is ranked lower than
68% of the 1027 Companies
in the Global Software - Application industry.

( Industry Median: 5.80 vs. ADBE: -9.20 )
Ranked among companies with meaningful EPS Growth (3Y)(%) only.
ADBE' s EPS Growth (3Y)(%) Range Over the Past 10 Years
Min: -31.6  Med: 9.90 Max: 44.5
Current: -9.2
-31.6
44.5
» ADBE's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2015

ADBE Guru Trades in Q1 2015

Steven Cohen 179,700 sh (New)
Joel Greenblatt 15,790 sh (New)
Ray Dalio 86,152 sh (+64.88%)
Mario Gabelli 37,150 sh (+37.85%)
Lee Ainslie 3,455,606 sh (+22.13%)
Jeff Ubben 16,006,753 sh (unchged)
Paul Tudor Jones Sold Out
Steve Mandel 12,045,393 sh (-1.10%)
Frank Sands 12,462,685 sh (-4.02%)
PRIMECAP Management 36,803,066 sh (-4.18%)
Jim Simons 289,233 sh (-5.30%)
Pioneer Investments 37,378 sh (-19.01%)
Dodge & Cox 359,325 sh (-26.31%)
» More
Q2 2015

ADBE Guru Trades in Q2 2015

Eric Mindich 1,132,400 sh (New)
Mario Gabelli 46,530 sh (+25.25%)
Steven Cohen Sold Out
Pioneer Investments Sold Out
Ray Dalio Sold Out
Joel Greenblatt Sold Out
PRIMECAP Management 36,683,855 sh (-0.32%)
Jeff Ubben 15,703,739 sh (-1.89%)
Frank Sands 11,704,596 sh (-6.08%)
Dodge & Cox 328,243 sh (-8.65%)
Steve Mandel 9,264,439 sh (-23.09%)
Lee Ainslie 2,326,328 sh (-32.68%)
Jim Simons 47,400 sh (-83.61%)
» More
Q3 2015

ADBE Guru Trades in Q3 2015

Joel Greenblatt 27,612 sh (New)
Steven Cohen 75,200 sh (New)
Eric Mindich 2,947,400 sh (+160.28%)
Mario Gabelli 55,935 sh (+20.21%)
Eric Mindich 3,650,000 sh (unchged)
Jim Simons Sold Out
Frank Sands 11,190,108 sh (-4.40%)
PRIMECAP Management 34,941,985 sh (-4.75%)
Dodge & Cox 294,003 sh (-10.43%)
Jeff Ubben 14,010,739 sh (-10.78%)
Lee Ainslie 1,724,871 sh (-25.85%)
Steve Mandel 6,209,219 sh (-32.98%)
» More
Q4 2015

ADBE Guru Trades in Q4 2015

Mario Gabelli 62,085 sh (+10.99%)
» More
» Details

Insider Trades

Latest Guru Trades with ADBE

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

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Ratios

vs
industry
vs
history
P/E(ttm) 77.65
ADBE's P/E(ttm) is ranked lower than
84% of the 1689 Companies
in the Global Software - Application industry.

( Industry Median: 23.30 vs. ADBE: 77.65 )
Ranked among companies with meaningful P/E(ttm) only.
ADBE' s P/E(ttm) Range Over the Past 10 Years
Min: 11.07  Med: 32.68 Max: 153.31
Current: 77.65
11.07
153.31
Forward P/E 19.88
ADBE's Forward P/E is ranked lower than
61% of the 932 Companies
in the Global Software - Application industry.

( Industry Median: 16.56 vs. ADBE: 19.88 )
Ranked among companies with meaningful Forward P/E only.
N/A
PE(NRI) 77.84
ADBE's PE(NRI) is ranked lower than
85% of the 1266 Companies
in the Global Software - Application industry.

( Industry Median: 24.20 vs. ADBE: 77.84 )
Ranked among companies with meaningful PE(NRI) only.
ADBE' s PE(NRI) Range Over the Past 10 Years
Min: 11.06  Med: 32.69 Max: 152.35
Current: 77.84
11.06
152.35
P/B 5.32
ADBE's P/B is ranked lower than
75% of the 2326 Companies
in the Global Software - Application industry.

( Industry Median: 2.57 vs. ADBE: 5.32 )
Ranked among companies with meaningful P/B only.
ADBE' s P/B Range Over the Past 10 Years
Min: 1.9  Med: 4.14 Max: 12.72
Current: 5.32
1.9
12.72
P/S 7.99
ADBE's P/S is ranked lower than
98% of the 2326 Companies
in the Global Software - Application industry.

( Industry Median: 1.64 vs. ADBE: 7.99 )
Ranked among companies with meaningful P/S only.
ADBE' s P/S Range Over the Past 10 Years
Min: 3.5  Med: 8.91 Max: 13.97
Current: 7.99
3.5
13.97
PFCF 30.45
ADBE's PFCF is ranked lower than
60% of the 1263 Companies
in the Global Software - Application industry.

( Industry Median: 21.65 vs. ADBE: 30.45 )
Ranked among companies with meaningful PFCF only.
ADBE' s PFCF Range Over the Past 10 Years
Min: 7.8  Med: 20.42 Max: 38.13
Current: 30.45
7.8
38.13
POCF 27.03
ADBE's POCF is ranked lower than
68% of the 1557 Companies
in the Global Software - Application industry.

( Industry Median: 15.97 vs. ADBE: 27.03 )
Ranked among companies with meaningful POCF only.
ADBE' s POCF Range Over the Past 10 Years
Min: 7.2  Med: 17.81 Max: 33.8
Current: 27.03
7.2
33.8
EV-to-EBIT 56.91
ADBE's EV-to-EBIT is ranked lower than
84% of the 1767 Companies
in the Global Software - Application industry.

( Industry Median: 16.73 vs. ADBE: 56.91 )
Ranked among companies with meaningful EV-to-EBIT only.
ADBE' s EV-to-EBIT Range Over the Past 10 Years
Min: 9.5  Med: 31.50 Max: 120.9
Current: 56.91
9.5
120.9
EV-to-EBITDA 40.54
ADBE's EV-to-EBITDA is ranked lower than
85% of the 1909 Companies
in the Global Software - Application industry.

( Industry Median: 12.32 vs. ADBE: 40.54 )
Ranked among companies with meaningful EV-to-EBITDA only.
ADBE' s EV-to-EBITDA Range Over the Past 10 Years
Min: 7.4  Med: 24.60 Max: 67.4
Current: 40.54
7.4
67.4
Shiller P/E 61.29
ADBE's Shiller P/E is ranked lower than
75% of the 408 Companies
in the Global Software - Application industry.

( Industry Median: 33.66 vs. ADBE: 61.29 )
Ranked among companies with meaningful Shiller P/E only.
ADBE' s Shiller P/E Range Over the Past 10 Years
Min: 18.56  Med: 40.18 Max: 76.67
Current: 61.29
18.56
76.67
Current Ratio 2.18
ADBE's Current Ratio is ranked higher than
55% of the 1733 Companies
in the Global Software - Application industry.

( Industry Median: 1.97 vs. ADBE: 2.18 )
Ranked among companies with meaningful Current Ratio only.
ADBE' s Current Ratio Range Over the Past 10 Years
Min: 1.82  Med: 3.02 Max: 4.26
Current: 2.18
1.82
4.26
Quick Ratio 2.18
ADBE's Quick Ratio is ranked higher than
58% of the 1733 Companies
in the Global Software - Application industry.

( Industry Median: 1.88 vs. ADBE: 2.18 )
Ranked among companies with meaningful Quick Ratio only.
ADBE' s Quick Ratio Range Over the Past 10 Years
Min: 1.82  Med: 3.02 Max: 4.26
Current: 2.18
1.82
4.26
Days Sales Outstanding 51.15
ADBE's Days Sales Outstanding is ranked higher than
71% of the 1430 Companies
in the Global Software - Application industry.

( Industry Median: 70.48 vs. ADBE: 51.15 )
Ranked among companies with meaningful Days Sales Outstanding only.
ADBE' s Days Sales Outstanding Range Over the Past 10 Years
Min: 36.77  Med: 51.16 Max: 54.92
Current: 51.15
36.77
54.92
Days Payable 45.76
ADBE's Days Payable is ranked higher than
52% of the 1290 Companies
in the Global Software - Application industry.

( Industry Median: 44.10 vs. ADBE: 45.76 )
Ranked among companies with meaningful Days Payable only.
ADBE' s Days Payable Range Over the Past 10 Years
Min: 37.54  Med: 51.82 Max: 72.46
Current: 45.76
37.54
72.46

Valuation & Return

vs
industry
vs
history
Price/Net Current Asset Value 397.53
ADBE's Price/Net Current Asset Value is ranked lower than
99% of the 1536 Companies
in the Global Software - Application industry.

( Industry Median: 6.37 vs. ADBE: 397.53 )
Ranked among companies with meaningful Price/Net Current Asset Value only.
ADBE' s Price/Net Current Asset Value Range Over the Past 10 Years
Min: 6.33  Med: 16.34 Max: 481.37
Current: 397.53
6.33
481.37
Price/Tangible Book 33.42
ADBE's Price/Tangible Book is ranked lower than
95% of the 1831 Companies
in the Global Software - Application industry.

( Industry Median: 3.89 vs. ADBE: 33.42 )
Ranked among companies with meaningful Price/Tangible Book only.
ADBE' s Price/Tangible Book Range Over the Past 10 Years
Min: 4.04  Med: 11.33 Max: 40.47
Current: 33.42
4.04
40.47
Price/Projected FCF 2.37
ADBE's Price/Projected FCF is ranked lower than
71% of the 1261 Companies
in the Global Software - Application industry.

( Industry Median: 1.54 vs. ADBE: 2.37 )
Ranked among companies with meaningful Price/Projected FCF only.
ADBE' s Price/Projected FCF Range Over the Past 10 Years
Min: 0.65  Med: 1.81 Max: 4.23
Current: 2.37
0.65
4.23
Price/Median PS Value 1.23
ADBE's Price/Median PS Value is ranked lower than
59% of the 2146 Companies
in the Global Software - Application industry.

( Industry Median: 1.04 vs. ADBE: 1.23 )
Ranked among companies with meaningful Price/Median PS Value only.
ADBE' s Price/Median PS Value Range Over the Past 10 Years
Min: 0.5  Med: 0.99 Max: 1.94
Current: 1.23
0.5
1.94
Price/Graham Number 9.51
ADBE's Price/Graham Number is ranked lower than
93% of the 1540 Companies
in the Global Software - Application industry.

( Industry Median: 8.17 vs. ADBE: 9.51 )
Ranked among companies with meaningful Price/Graham Number only.
ADBE' s Price/Graham Number Range Over the Past 10 Years
Min: 1.73  Med: 4.14 Max: 11.98
Current: 9.51
1.73
11.98
Earnings Yield (Greenblatt) (%) 1.77
ADBE's Earnings Yield (Greenblatt) (%) is ranked lower than
55% of the 1745 Companies
in the Global Software - Application industry.

( Industry Median: 2.60 vs. ADBE: 1.77 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) (%) only.
ADBE' s Earnings Yield (Greenblatt) (%) Range Over the Past 10 Years
Min: 0.8  Med: 3.20 Max: 10.6
Current: 1.77
0.8
10.6
Forward Rate of Return (Yacktman) (%) -9.09
ADBE's Forward Rate of Return (Yacktman) (%) is ranked lower than
85% of the 701 Companies
in the Global Software - Application industry.

( Industry Median: 10.48 vs. ADBE: -9.09 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) (%) only.
ADBE' s Forward Rate of Return (Yacktman) (%) Range Over the Past 10 Years
Min: -9.8  Med: 15.60 Max: 27.5
Current: -9.09
-9.8
27.5

More Statistics

Revenue(Mil) $4796
EPS $ 1.24
Beta1.19
Short Percentage of Float0.91%
52-Week Range $71.27 - 96.42
Shares Outstanding(Mil)498.33

Analyst Estimate

Nov16 Nov17 Nov18
Revenue(Mil) 5,730 6,876 8,148
EPS($) 2.95 3.71 4.52
EPS without NRI($) 2.95 3.71 4.52

Business Description

Industry: Application Software » Software - Application
Compare:CRM, SQI, RHT, INTU, DASTY » details
Traded in other countries:ADB.Germany, ADBE.Mexico, ADBE.Switzerland, 0R2Y.UK,
Adobe Systems Inc was originally incorporated in California in October 1983 and was reincorporated in Delaware in May 1997. It is a software company. The Company offers a line of software and services used by creative professionals, marketers, knowledge workers, application developers, enterprises and consumers for creating, managing, delivering, measuring, optimizing and engaging with compelling content and experiences across multiple operating systems, devices and media. The Company also distributes its products through a network of distributors, value-added resellers, systems integrators, independent software vendors, retailers and original equipment manufacturers. In addition, the Company licenses its technology to hardware manufacturers, software developers and service providers for use in their products and solutions. The Company offers some of its products via a Software-as-a-Service model as well as through term subscription and pay-per-use models. Its software runs on personal computers and server-based computers, as well as on Smartphones, tablets and other devices, depending on the product. The Company has operations in the Americas, Europe, Middle East and Africa and Asia. It categorizes its products and services into various businesses, namely Creative and Interactive Solutions, Digital Media Solutions, Knowledge Worker, Enterprise, Omniture and Print and Publishing. The Digital Media Solutions segment contains its professional imaging and video products and focuses on many of the same creative professional customers as its Creative and Interactive Solutions business. Knowledge Worker segment focuses on the needs of knowledge worker customers, providing essential applications and services to help them share information and collaborate. This segment contains an Acrobat family of products and on-demand, web-based, electronic signature solutions resulting from its acquisition of EchoSign. Enterprise segment provides server-based Customer Experience Management Solutions to enterprise and government customers to optimize their information intensive customer-facing processes and improve the overall customer experience of their constituents. This segment contains Adobe Connect, Day and LiveCycle lines of products. Omniture segment provides web analytics and online business optimization products and services to manage and enhance online, offline and multi-channel marketing initiatives. Print and Publishing segment addresses market opportunities ranging from the diverse publishing needs of technical and business publishing to its legacy type and OEM printing businesses. The Company faces direct and indirect competition in the consumer digital imaging market. The Company is subject to varied and complex laws, regulations and customs domestically and internationally.
» More Articles for NAS:ADBE

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